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Who do you know at P&G earning more in their first year?
I will say when I was at FBT 10 years ago they started new hires out at $80k and they explained it as they put a focus on moving you around to different practice areas so you spent more time learning and less time billing in your first year, that way you'd know better what you wanted to do and hit the ground running in your second year. Not sure how that compares to other places.
FBT is a scam. They use that excuse to pay under market.