Why is it the comp for a person living in LA always less ( based on my analysis a min of 25-35% variance) than Bay Area .. it is frustrating that I live in OC and could make more if I just moved..

helpfulfunny
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MBB comp is the same in any US office

likehelpful

DMBB>MBB tho..

likefunny

Because people in charge of salary see average cost of living in SoCal, which includes bad areas. The Inglewood’s cancel out the Santa Monica’s and Westwood’s

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Ah true .. is there ever a solution for this ? Or just moving to Bay Area working for a non-consulting firm the only option?

The opportunities in OC (my wife If from the area) are significantly different from those in the bay and hence the difference. Consulting salaries should be the same but the odds of a local project would be small. Also the definition of “local” in the LA area is also significantly truncated due to the need to sell “green cars” and lack of will to create any kind of public transit system

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Correct (affects median and mean salaries thar factor into COL).
For consulting, COL is a driving factor as is competition with industry (how many companies can draw folks away from MBB let alone Big 4 in OC)
Specifically for OC, LA is a highly fragmented job market (How many from OC would work in LA or Burbank or Thousand Oaks?) the fragmentation impacts competition and ultimately COL.

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Lived in both places OP, the bays total cost of living is about 30% higher than down here, not just rent. I moved back to LA because it is actually cheaper here. But my salary is the same in the bay as it is here so 🤷🏼‍♀️

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Same - all companies I have worked at (big 4, tech, small remote startup) had the same salary band for LA and SF (and NY)

COL much lower in SoCal. Which tends to mean exits pay less. Hence lower cost of retention.

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VP1- right on

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