Massive. A company has 1 CEO, a dozen or so EVPs and SVPs, and then the the drop-off is massive. You can see the public comp data for publicly traded companies and while most CEOs make much more than typical or even senior consulting partners, the next layer makes similar comp but there are only a dozen of them VS thousands of partners at a firm. Below SVP/EVP most Middle managers and junior execs top out at low six figures.
P1 is correct for most f500. But for bigtech it’s not necessarily true. Lots of Directors here and they all are at least $500k cash comp and $1M+ tc. Much more manageable lifestyle (partners travel a ton still). Partners still might make more, it just depends on what you’re willing to give up.
Depends. Immediate family member is a VP for a while at a large F100 (non FAANG) and gets something like 800k-1m cash with 1-1.5M in stock depending on the year, but even as a director with some stock appreciation he was clearing 800k-1m+ TC many years ago. I’d find that comp hard to find outside of partner level in consulting.
Having worked at a FAANG and currently consulting to one I can say that yes, you can find some higher comps do go further down in the org chart. Yes there are Ds who make well into 6 figures or more. However, the perception that it's common suffers from selection bias. Folks focus on the directors making tons of money and ignore many who do not. In Consulting, anyone and everyone who gets to partner is on a short path to 7 figures. As a percentage of employees at a company or in an industry, consulting offers a higher likelihood to earn wealth. Most people at FAANGs also have the just the last 10 - 15 years of history. Few remember what it was like during downturns and tech firms were cutting costs, firing execs, had stagnant stocks, etc. Just ask anyone who was at Amazon, Apple or Microsoft in 2008. If we do hit a recession, it's gonna be ugly for Corp jobs but consulting will do well. Consulting is much more stable. Layoffs are rare and comp is very consistent.
Massive. A company has 1 CEO, a dozen or so EVPs and SVPs, and then the the drop-off is massive. You can see the public comp data for publicly traded companies and while most CEOs make much more than typical or even senior consulting partners, the next layer makes similar comp but there are only a dozen of them VS thousands of partners at a firm. Below SVP/EVP most Middle managers and junior execs top out at low six figures.
P1 is correct for most f500. But for bigtech it’s not necessarily true. Lots of Directors here and they all are at least $500k cash comp and $1M+ tc. Much more manageable lifestyle (partners travel a ton still). Partners still might make more, it just depends on what you’re willing to give up.
Depends. Immediate family member is a VP for a while at a large F100 (non FAANG) and gets something like 800k-1m cash with 1-1.5M in stock depending on the year, but even as a director with some stock appreciation he was clearing 800k-1m+ TC many years ago. I’d find that comp hard to find outside of partner level in consulting.
Mentor
Medium level big tech (level 5-6 at google) or I'd say successful small business owners make more on a per hour basis than most partners.
Also - you are a lot more likely to make it big bucks as a tech person or small business owners than make it to partner
Agree with this. If you’re a rockstar in consulting, you can for sure at least make D1 in tech which is 600-800k tc non-tech role
Having worked at a FAANG and currently consulting to one I can say that yes, you can find some higher comps do go further down in the org chart. Yes there are Ds who make well into 6 figures or more. However, the perception that it's common suffers from selection bias. Folks focus on the directors making tons of money and ignore many who do not. In Consulting, anyone and everyone who gets to partner is on a short path to 7 figures. As a percentage of employees at a company or in an industry, consulting offers a higher likelihood to earn wealth. Most people at FAANGs also have the just the last 10 - 15 years of history. Few remember what it was like during downturns and tech firms were cutting costs, firing execs, had stagnant stocks, etc. Just ask anyone who was at Amazon, Apple or Microsoft in 2008. If we do hit a recession, it's gonna be ugly for Corp jobs but consulting will do well. Consulting is much more stable. Layoffs are rare and comp is very consistent.