sparty99 wrote: Anonymous User wrote:
Anonymous User wrote:wonder how many offers they extend. either way, $100k, $5k signing, avg. $5-15k year end bonus for those asking above.
Interesting. Someone mentioned that they were considering raising starting salary. Wonder if that just didn't come to pass. Any sense of what yearly promotions look like? Is it lockstep like big firms? The management consulting/wall st oasis sites aren't clear on the salary scale (for JDs at least).
I don't know about PWC, but having worked at a competitor consulting firm, it is not lockstep. Based on merit and it can very. 0 to 15%. Its all about being chargeable and having a high utilization rate. Then the other things will come into play. Can you manage others ? Junior consultants, etc. It will be really important for you to work with a partner who loves you. This is an industry where you arrive to work early and stay late. Face time matters and attending firm networking events. They love to drink! But if you get a partner you really click with, the work will keep flowing...
PwC is not lockstep. It'll take at least 2 years to make manager from the Senior Associate role, and probably more, since MBAs are promoted at a faster rate, regardless of ability. Then from manager, it is much more about what projects you are on, what partners know you and how much business you can bring in (yes, it starts that early). You will get small (7-10%) base salary raises, and bonus are generally anywhere from 3-11% (assuming you are rated middle to top of the pack). The 15% bonuses are for the very top people at the firm and it is very unlikely that you will be one in your first year (not enough time to prove yourself).
That being said, it is a great experience. If you are really good (some JDs are), partners and directors will jump over each other to work with you, clients will want to have you on their projects and you will get great experience managing others, large scale projects and learning about the nuances of finance, accounting, regulations and compliance. Definitely recommend this job for anyone who can get it.