Why are people okay with working IB hours in the Big4, but getting 40% of the compensation? Genuinely curious about how people put up with that for more than two years.

likefunny
Posting as :
works at
You are currently posting as works at

People in B4 aren’t working IB hours, at least not all the time.

like

Idk about y’all but as much as we moan about compensation - I absolutely do not deserve my salary 🤣

likefunny

In all honesty because we didn’t have the grades / connections for IB but hold out the fleeting hope that work here could translate to IB in the future

funnylike

The same reason people are "okay" with doing real manual labor but barely making a living wage.

like

When a VP says it he gets likes, when I say it I get reported and banned off the app for 3 days

likefunny

Lol whoever is working more than 50 hours a week at big4 is just doing things wrong or isn’t efficient. Big4 lyfe is all about cruising. Do the least to be second best. Fwiw I worked at Deloitte and EY previously

likefunny

Agree - on average I would think B4 is working 50% or less of IB hours

like

Consultants have a habit of inflating how much they work

like

I had a suspicion, cuz I have no idea how people on my team work as much as they say

You’re being dramatic. Putting pay aside, Big 4 hours aren’t even close to IB (at least not consistently). In fact, they’re probably closer to half of IB on average.

like

If I didn’t enjoy correcting people who are aggressively wrong, I wouldn’t have become a strategy consulting partner 🤷🏻‍♂️

likefunnyhelpful

1. Few better options that are attainable. It is hard enough to get a job at GS/JPM/MS at Ivy-tier schools. Realistically, the Ohio State student doesn't have nearly the same kind of access. Similarly, that Ohio State grad doesn't have FAANG product management or MBB as options either.
2. Marketing. There's a pipeline, a lot of word of mouth and decades worth of successful people and alumni from big 4. This leaves an impression.

likesmart

OP: “Today I’m going to show everybody I’m a moron.”

likefunny

I only put up with it for 11 months 😂

like

Good for you mate!

A lot of big 4 workers putting in those types of hours are here on visas and don't really have the choice.

likesmart

OP isn’t genuinely looking for answers. He should have just posted “I think people in B4 are dumb.”

like

Echo the working smart over working hard. If you're great you'll do both, but within reason and definitely not over 50-60 hours a week.

At least in consulting I've rolled onto projects and filled roles where the previous staffer complained about being over-worked/overwhelmed. I was able to do the work without an issue.

Sometimes long hours are a result of someone lacking the skills for a specific role and needing to compensate with brute force (obviously not always the case). Bottom line - Big 4 doesn't work IB hours and the entry level pay is better than a lot of jobs offered out of college.

like

If you are smart you get into the bank early. It’s the same amount of work.

I don’t work in IB and I’m glad my “dream to” didn’t work out cause it’s not worth it IMO, but I see some of my friends working these crazy hours for 60k and maybe a 10k bonus and it makes me wonder how/why lol. I was in boutique consulting so pay was still better but not by much so I left for market rate pay, it just seems like people are very loyal to the big 4 and I don’t understand why.

Love that SC4.

Demand and Supply

Related Posts

Could anyone please tell me what will be the in-hand salary in IBM for this package

Post Photo
like

Has anyone who's worked in HR, Finance, or another role with visibility to compensation information been able to use that as leverage for salary negotiations?

To put it bluntly, I know certain people with less experience and a lower performance rating are getting paid more than me due to my role working with payroll data. I suspect this was due to the fact that I did not counter offer when I accepted this role, which was a few months ago, and now I regret it.

like

Currently making 125k salary with 10k bonus at essentially an assistant controller role. Client wants to hire me and is asking for my compensation range. What is the market rate for an assistant controller in a large private company? They are really really wanting to hire me and willing to pay a little more. They floated around 150k last time we spoke but is there potential to ask for more?

like

Business Analyst (Internal Hire) working in freight technology knowing I am incredibly underpaid.

I’m in my 2nd month as an internal hire (formerly a Pricing Analyst). I did negotiate for a higher salary when I made the transition receiving nothing but the promise of a conversation to reevaluate in three months.

I’ve been able to hit the ground running, picking up the slack, and have delivered tickets as if I was already a Business Analyst.

Indian boss, cheap
Any recs?

like

Had my annual review Friday (first year with the company). Boss awarded a 3% raise though she said my review was “90% positive.” Worth adding I got a 3% sign on bonus last year, so I’m basically at 0% raise. Nobody under me has gotten less than a 7% raise in the past year. Considering promotions + counter offers as well, it goes as high as 25%. I don’t feel a 3% raise matches a “90% positive” review and plan to bring up the cognitive dissonance I’m feeling. Any other tips or advice to add?

like

Hi All,
Does Citi provides joining bonus for immediate joiners?
Thanks

like

I’m in my 3rd year out of college. My salary is 85k with a bonus of 30k (35%), which brings my total comp just slightly below market. How can I ask for more base and less bonus?

likefunny

Any Manager (Rank 32) having 46LPA(Fixed) or above at EYGDS?
Please comment your YOE, Tech Stack and Service line.

I'm currently at 38L(Fixed) working with Deloitte USI, cleared all the rounds with EYGDS. I am asking for 30% hike only which will be 49.5L(Fixed) and that too they are saying out of budget. This is strange!!!

#eygds #deloitte #ey #big4

like

Southeast Bowl AMDs: what salary range are you seeing for digital AMD roles on large clients?

like

Larsen & Toubro Infotech Hi Sharks,

Can you please help me understand the current market salary standard for the profile of DevOps having knowledge of Node. YOE :- 1+

Thanks in advance.

Accenture IBM Infosys Larsen & Toubro Infotech

like
like

Guys
I'm financially stable with no dependencies no commitments no loans at all

I've 3 yoe, and earning 17lpa from a service based company with decent techstack


I see my friends opting for ms in us
Should I consider this option?
or continue to grow in job itself?

like

How much PKG one can expect from EY for 4 years

Cctc :10.5 fixed

like

How to negotiate bonus when an offer comes in only at 10% higher? Should I negotiate or just take the offer?

like

Any insight into potential salary range for a Wealth Brokerage Trader at Truist located in Charlotte NC?

like

Hello everyone!
I recently found out that I was being paid less than everyone in the team (more than 25% gap to more expe teammates, around 15% less than new hires)
We all had the same responsibilities, I consider I even had a heavier workload (talking in past tense since I very recently made an internal move).
Things to consider:
On a work visa
Non-white
Non-male
What would you recommend doing?
Keeping it to myself?
Speaking up? How? With who?

-TIA

likesmarthelpfulfunny

Salary range for principal consultant at Discover Financial Services?

like

What is the average salary for an Employee Benefits Account Manager? I’ve been in the industry 6 years.

likehelpful

I have more than 10 years of experience in Manual/Database Testing, Data Consulting,Data Quality and Data Migration using SQL. I am also a certified Professional Scrum Master (PSM) and certified Professional Scrum Product Owner (PSPO). What salary should I ask for. I mean any average CTC looking at the current market and my YOE.

like

What careers pay the best in the Uk?

like

More Posts

Best thrift store in DC area? Please don't mention the one in Falls Church. It's horrible.

like

Has anyone worked as a head merchant or digital sales planner? I’ve been hired as one but am wondering if it’s all one persons job to do buying, planning from ground up, analytics and site merchandising with a team?

like

Is the kharadi office going to be operational from the 1st of August?
I received an email today.

like

I’m relocating to the US from an international rotation to work in Galveston. I have never been to Texas and I am trying to find the best spot for my family to live in. So far from reading online it sounds like Pearland is a good option but I have not been able to validate that/ figure out what other options are out there. I would appreciate all advice:
1. Would you recommend living in Pearland?
2. What are other good areas to live in? Safe and would like to be less than 1 hour from Galveston.

like

Anyone have referrals for American Airlines?? Trying to crack into the airline industry. Also, more than happy to team up by sharing connections and networking. Lmk!

like

Currently in BI technology since 10 years .. Planning to change and upgrade to new one . Pls suggest which one is good and scope in future

What are the benefits of being licensed in multiple states? Do you use all of your different law licenses at least once a month?

like

Need 11 likes to activate the DM features. TIA

likesmart

Hi Fishes
Planning to shift to Pune in Mid May or June.
Any leads on flats or flatmates, please dm
Female A
Looking for a fully furnished flat
Rent can be around 15k.
TIA
(Telugu valu ayithe inka better)

like

What do Venture Associates usually do? What is typical comp/ YOE and is this a good pivot from Corporate Strategy or Strategy consulting?

like

Found a bed bug in a Radisson Red in Campinas Brazil, how many points?

like

What is one of the most frustrating parts of being a scientist or researcher?

I'll tell you what it is: referencing!

You have to do so much of it, and it's so annoying. You have to cite your sources, but there are so many different formats for citations! And then sometimes you don't even know how to cite something, and how are you supposed to know that unless you ask someone who knows? And even then, they might not be sure whether it should be an in-text citation or a footnote…

like

This is Ghost💙🐶

Post Photo
likeuplifting

Openings in Airbus for scrum master, fullstack developers, QA, PMO,SAP Abap… kindly DM if anyone needs referral in Airbus

like

Is MBB serious about DEI? How is the environment for minorities (both at the bottom and top, including for East/South Asians)

like
like

I'm panicking. We just adopted a 12 week old kitten. My 12 year old cat is pissed at me. My dog wants to be friends with the cats, but the cats are less than enthused. I'm keeping the new kitten in the bathroom when they can't all be supervised. What was I thinking? We can't give the kitten back because my toddler is in love. Please tell me it will be OK.

likeuplifting

I have 6 YOE in. Net+Angular and got an offer from Legato Health Technologies with 20 LPA Fixed, i joined Infor just 11 months ago with 12LPA Fixed and i will get the hike in August. If i resign now i will not get hike and i am a critical resource in the project, i guess Infor might try to retain me by matching offer. What should i do? Should i resign ASAP and not negotiate with Infor . I have all these doubts because Infor is a product based company.

like

How much severance should you expect after getting booted after 1 year. I got 3 months salary

like

Additional Posts in Consulting

Anyone here work at FIS Global? If so, do you like it? How's the culture? Work life balance?

Thanks!

like

Hello,

Currently, in accenture. I have had very bad billable hours and not much achievement this fiscal year. I am worried of getting fired, so i applied for another job. Got offered may be 5% above my current pay with 5k bonus, but in lower level at Deloitte. I think working lower level will give me more opportunities to learn as i think i have lot to learn. I made decision based on my gut and accepted the offer. I have not talked to anyone on accenture side yet. What you think?

likesmart

I have been feeling really overwhelmed with life lately. Just feels like there is so much to do with work, staying healthy, being social, spending time with family, saving money, etc. Crowdsourcing for any tips that have worked for all of you in making life easier 🥺

like

Where/How did you meet your SO?

like

Best Consulting innuendos...?

like

People adding “leader” in their LinkedIn title 🤦‍♂️

likefunny

Do you have to return the sign on bonus if you get laid off, sign on period (2 years) has not yet passed. I would also like to know the firm's severance policy.

like

FAANG folks - what are Facebook/Google roles like Country Lead/Industry Lead equivalent to? Are these Director level roles? What sort of compensation can you expect in something like that role?

like

Ugh the TSA Pre scanner lady at AUS delta checkpoint is AWFUL. Go through the regular line instead. She is pulling every single laptop bag today... And there's only one guy to check them.

Best thing a leader has done for you?

like

Anyone have good book recommendations that I can learn from and are entertaining? Trying to survive a 10 hour flight this weekend 🆘🆘🆘

like

Thoughts on Locust Walk? What is its reputation?

like

I am 24. I am debating on if I should start my masters so I can finish it by 26/27. But, I want to focus on investment properties and get into that area more than getting a better job. Is investing in a masters worth it?

like

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

Cloud number 9

Post Photo
likehelpful

Who do you all ask for school recommendations? People you reported to? Your career coach/counselor? People on your team that are peers? Thanks in advance!

like

Any book recommendations for the summer vacation season? What's your favorite book over the last year?

like

Who do you put as your beneficiary (after SO) if you don't want to have kids?

like

Top consulting firms for building mobile apps - IOS or Android?

like

Anyone know of boutiques that do innovation work? Anything from starting up new business/services/products, accelerators and incubator models, startup partnerships/investment, Digi talent, etc.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal