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PwC Strategy pay

 
#1 PwC Strategy pay
13/12/2006 22:40

curious

Would be very thanful for the following info:

1) What is the entry-level (grads) salary in PwC Strategy?

2) Is there any sign-on bonus? If so how much?

3) Are there any end-yer bonuses (like in IB)? If so then again, what can one expect?

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#2 RE: PwC Strategy pay
14/12/2006 16:00

curious to curious (#1)

Come on Guys... I'm sure there are many PwCers here... just an idea what the figures are. Doesn't have to be exact amount. Thanks!

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#3 RE: PwC Strategy pay
14/12/2006 16:02

tim to curious (#2)

What did HR say when you asked them this question?

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#4 RE: PwC Strategy pay
14/12/2006 16:34

curious to curious (#1)

Come on Guys... I'm sure there are many PwCers here... just an idea what the figures are. Doesn't have to be exact amount. Thanks!

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#5 RE: PwC Strategy pay
14/12/2006 16:37

curious to tim (#3)

I didn't ask HR this. I have 1st round so would look stupid asking for salary now. And anyway I bet they have fixed pay for grads. I'm curious as I can join IB (36k + 5k sign-on + ??30-50% bonus??) however my STRONG PREFERENCE is towars PwC Strategy. And I just wonder how much lower it's gonna be.

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#6 RE: PwC Strategy pay
14/12/2006 16:46

tim 2 to curious (#5)

What role in IB?

I think PwC strat will pay about £32k plus 3.5k sign on. Don't know about end of year bonus

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#7 RE: PwC Strategy pay
14/12/2006 18:01

curious to tim 2 (#6)

Thanks Tim. Re your question: IDB (M&A).

Anyone knows anything about the bonus? Is it in any way comprable to IB or we're speaking about 5-10% instead of 30-50%...?

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#8 RE: PwC Strategy pay
14/12/2006 18:02

curious to curious (#7)

Sorry: IBD ;-)

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#9 RE: PwC Strategy pay
14/12/2006 18:25

acc.applicant to curious (#8)

I think it's safe to say you would make considerably more in banking.

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#10 RE: PwC Strategy pay
14/12/2006 18:30

curious to acc.applicant (#9)

Yep - I'm aware of this. But IB is not really what I wanna do. PwC Strat is somewhere between IB and pure strategy, what suits me a lot. But I'm thinking also how much I'm going to lose (should I be accepted by PwC) compared to IB. I guess the key difference is going to be the bonus...

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#11 RE: PwC Strategy pay
14/12/2006 19:08

acc.applicant to curious (#10)

Well I'm just starting out in all this so only have to go on what I read and hear.

From what i gather banking salaries are never that much higher than consulting ones; it's the bonuses that make up the massive pay packets in banking. I read that sometimes IB salary makes up as little as 20% of the annual pay).

Have you thought about Deloitte's Strat practice?

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#12 RE: PwC Strategy pay
15/12/2006 14:47

anon to curious (#7)

which bank?

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#13 RE: PwC Strategy pay
15/12/2006 16:46

curious to anon (#12)

JPM

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#14 RE: PwC Strategy pay
16/12/2006 14:52

Walker to curious (#1)

The only consultancy where I have known pay to compete remotely with ibanking is Mercer Oliver Wyman. Even then it's middle of the road. Relative to the ease of getting a job at MOW vs. ibanking, you're better off going directly into ibanking.

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