How much would you invest (cash and loan) for a relatively stable franchise that as a median number produce the following: $1.6mm revenue and $350m gross profit (royalty fees, staff, occupancy but no owner salary or loan amortization). Takes about 6 months ramp to that point.
Curious what everyone’s bonus structure for their admin staff is like this year? Obviously a crazy year and they came in almost every day among everything has happened and has done quality work. Do you base it off of growth at all? Percentage of salary? Doing anything outside of your norm for 2020?
Shot in the dark here but...anyone live at 20 Exchange? How much Holiday bonus $$$ do you give to staff?
Question about overtime on salary—if we’re on salary and working till 2AM, and not getting paid overtime due to being on staff, does that mean the agency is billing clients for all those extra hours and pocketing all of it? 🤔
Question for the fish who have been around the pond for 15 years...Has the average comp of big 4 staff actually trended downwards in spending power over the last 3 decades? Would be curious what a manager in 1998 made versus today adjusted for inflation.
Trying to think ahead. What is the best holiday gift you’ve gotten or could get from your manager? I’m looking for ideas other than alcohol, pay raise/bonus, extra time off. I’ve got those covered. Looking for actual ideas that would make my staff happy/special. Thanks in advance!
I’ve been proposed an exit as Product Owner at a real company, not a consulting one. Staff seems nice, good culture, good salary (less than consulting but well), BUT I would have to move countries for that job and start a new life. I’ve also been proposed a Manager position at a consulting company in my home city, with potential of bigger salary thanks to bonuses. Culture seems good... But I’m sure it’s gonna be a hell lot of work. Which one would you take? Should I exit and never look back?
Have a long term goal of growing a full service office. A team of wealth managers, planners, life insurance agent(s), PC agent(s), etc. with support staff as needed. Everyone has a role. My question is how should I structure the comp? No idea what’s standard in this structure or where to even research models in our industry. Any ideas?
Have a second round interview with a Midwest bank (public but small) for an M&A analyst role. LCOL city. $65-70k comp with a 10-20% bonus. Currently a Big4 consultant staff 2 (1 YOE) making $58k. Is this an exit worth pursuing?
Hello everyone, I would to hear other people’s thoughts. So my mom runs a company which her and other employees salary is paid by their members (trade association). She’s above 60 and takes a medicine which makes her a higher risk for COVID. The members are having a convention in Florida in a few months, and while “there’s no for staff to be there”.. she’s running the meeting so they’re expecting her to be there. She doesn’t want to go but feels huge Professional pressure. I think it’s CTD
Salary range for an M&A analyst at a regional bank in a LCOL city? Looking to move from a staff 2 consulting level at a Big 4
How are staff attorneys treated in biglaw? What’s the typical difference in salary between a staff attorney and an associate at the same firm? A biglaw firm is looking to fill a staff attorney position, but it looks like everyone has the title of associate on the firm’s website. Any thoughts or guidance would be much appreciated.
Big 4 managers who are on h1b, is your base salary hitting the new level 2 wage? I guess unless Big 4 can somehow justify seniors can still use the new level 1 wage, there won’t be any chance for staff and seniors who want to get h1b?
Are you incoming staff 1? What’s your starting salary for your city and service line? I’m really skeptical that firms will be paying those of us that progressed less than incoming staff just out of my own experience where I came in as staff 1 earning more than the staff 2 when I started for the same service line.
To the Managers, EMs, PLs, etc. who exited to FAANG, how has your salary and role trajectory evolved? Curious to know if top performers in Biz Ops, Corp Strat, or Chiefs of Staff roles feel like they ‘cashed their chips in’ or whether you still have quick leadership progression.
Are the “bank your bonus” decisions, offered to staff 2 > senior 1 promotes, visible to partners at the firm?
What are all your firms doing to try and keep morale up? Mainly directed to senior/staff that were expecting raises/bonus/promos.
Has anyone ever worked as a staff attorney position at an AmLaw 100 firm? Is the position worth it? (I.e. what’s the experience and work like?) And what’s the salary range? I’m a third year litigator looking for a position with less stress and more work life balance. Any thoughts? Thanks
As a first year Tax Staff, what percentage of increase in my salary can I see ? From Tax 1 to Tax 2?
What is Big4 Partner comp like in the UK? I know that consulting comp for staff grades is generally 40-60% lower than the US. Wonder if it translates to equity-owning grades
I applied for a job and received an offer from my client. 15k+ bump in salary, better benefits/remote work, and responsibilities will give me exposure to all areas of the organization (start up). The problem is that they’re looking to staff me as a Senior when I’m currently a Manager at DT. They said they’re flexible on title, but curious to hear how others have navigated similar situations. I would report directly to the controller and have 1-2 staff reporting to me...
Staff two here and just got my new salary. Base is a measly $2,700 more than incoming hires. When you take into account their bonus our peer group makes 8.1% less than people with zero experience. How does this make any sense. Did leadership think this was a good idea? I’ve been reading a lot on fishbowl about managers making less than incoming MBAs. How is that fair? Think this was a really poor job of executing salary adjustments. Am I wrong or does there need to be a change soon
I’m currently making $68,500 as a staff 2 in risk (unsure how much I’ll make when I’ll get promoted to a S1 next month). I just got an offer for $85-90k from a start up company for a Sr Sox Analyst position. The additional increase in salary is worth the switch right?
This is my 3rd year in public accounting and I did not get promoted. My other co workers got it. The raises was a joke and My base salary is low. I want to look for another job But I’m worried that I will be a staff again at the new firm. Should I wait another year and get promoted to a senior and leave? Or try to look for one now? Don’t get me wrong I am grateful that I have a job during this pandemic. I just feel like I’m doing something wrong.
Staff 2, Just got over 40% increase in salary and a signing bonus to industry . Shoutout to everyone in this bowl for the interview and resume help. Love you all!
What is the hierarchy at your company and the salary differential for each position? We have staff attorney, associate general counsel, assistant general counsel, deputy general counsel, and then general counsel. Thx. I would guess that the ranges are about $25k differential per position.
Currently small market tax Staff making $55k and expecting the 7.5% raise to Senior in October. Could make $70k plus a bonus at another opportunity in town. Would essentially be making 10-15k more this year and likely more money next year to. Other op is not an accounting role and has a path to grow. Thoughts?
Interviewing with a company and agreed upon a salary with the recruiter. Now the recruiter is saying the company will agree upon the salary, but pay me reduced for a set-agreed time, which would likely bring me under 100k. This company also recently cut 20% of its staff. Any advice to navigate through this? It’s an employer market and they are spoiled for choice.
Does anyone know what the average salary is for a Tax Staff Accountant at Bennett Thrasher in Atlanta, Ga? Or an avg for that city?
Hey 🐠 I have the opportunity to move to industry. The role would be a middle office operations role at a top PE from. It would be a 30% base salary raise not to mention the EOY bonuses available. I am currently staff 1. thoughts on leaving for middle office??
Small law question that may resonate with all: Signs you’re in a failing firm? Asking for a friend. He works at a firm that just cut two attorneys and three staff and imposed major across the board salary cuts as soon as Covid hit. All bonuses on hold. No end date provided. Firm ostensibly successful for many years prior.
Signs you’re in a failing firm? Asking for a friend. He works at a firm that just cut two attorneys and three staff and imposed major across the board salary cuts as soon as Covid hit. All bonuses on hold. No end date provided. Firm ostensibly successful for many years prior.
What are your predications for salary increases this year - Big Four ? i.e. staff to senior, senior to manager, etc.
I'm a tax staff 2 who will be a senior this fall. I'm looking into leaving tax and have explored staff accounting roles. What should my expectations be for salary? Less/more/same as now pre promotion?
US republicans passed a bill letting them reduce any Federal worker's salary (or a program) to $1. If you had that power to use in your own organization, would you use it? Who gets it first?
To Partners, MDs, And the rest of you that pay my salary - what does it take to get to the top? I have been told one must be RUTHLESS. Do you agree? What’s your experience?
Why is every other post here about pay, compensation? I wish I had been on here during the post crash lean years.
my friend works way less hours than me and is getting paid a 6 figure base in non finance/tech (we're both a year out of college). bonus will push me over but still makes me want to quit...
Which firms use utilization as a key metric for an individuals annual performance rating/review. Any firms (except Pwc) who don’t pay the individuals annual bonus if the metric isn’t met?
How long do you plan to stick it out in consulting? Estimated age you will leave? Estimated salary?
Is there actual risk, not speculation, of the firm taking away bonus if you give notice after comp statement issued (Aug 26) but before paycheck deposit (Sept 6)? Has anyone’s bonus been taken back?
Love my agency, team, the work but feel backed into a corner in terms of salary for contract --> full time hire due to "budget limitations". Already attempted negotiation to no avail. Advice?
Senior 1 to Senior 2 compensation increase : 80k ->92k , 1.5k bonus, Southeast Region. Good? Bad? Indifferent?
If you have s chargeability of 97% for 12 months straight will this help one get s better bonus or raise?
It seems like a lot of you are open to both PE and HFs. I'd like to know which option would be better in terms of job security, growth, compensation and culture.
Need advice from folks who have left D and had to repay the signing bonus. Is there anything you wish you had known? I understand that we have to pay back the full amount. Anything else?
Has anyone had success in having a left behind item returned to them from Hertz? I left my jacket on the back seat of my rental car at ORD this evening and just reported it.
Study shows that prior tuberculosis vaccination (BCG) may offer partial protection against COVID-19. This may explain some of the country differences in COVID-19 outcomes. https://www.pnas.org/content/early/2020/07/07/2008410117
Ameriprise vs Raymond James. Is the larger upfront from Ameriprise worth it if transitioning from a wirehouse at 500k production all fee based? Or does the culture at RJ be a larger consideration?
ATL announced Baker McKenzie started out the year-end bonus cycle this year. Matched 2019-scale. Anybody think their firm will beat them?
I have patients that are continuing to work despite testing positive for covid. So hard to see these people choose between poverty and eviction and taking the precautions they know are right
Interviewed for my dream job last week and it went great. They said they’d have a decision by the first week of July. Can I follow up early? More details below.
My father has a very misogynistic view at the same time is struggling with severe depression, so anytime somebody counters his view, he gets really depressed and starts inflicting pain upon himself. I try to listen to him crib as much as possible and only when it's a very extreme view I counter him. Given this, I completely despise talking to him and avoid it as much as possible. That does make me feel very guilty, coming here to get your thoughts on what should I be doing?
Anyone actually do bed bug inspections upon entering their hotel room every week? Heard some horror stories and figured it may be worth while.
McKinsey 🐠- does the firm hire managers from Big 4 firms as EMs instead of Associates? What’s the best time in the recruiting process to push for this?
I'm sick and craving soup. DC 🐠 where to go? Downtown, DuPont/Logan circle and China Town areas? Thanks!!
Is it okay to apply at new roles at Google while I am interviewing for a role? I had my 30 min HM call recently and I am not convinced that they will move forward with me. Suggestions?