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Is my offer competitive?

 
#1 Is my offer competitive?
10/02/2009 16:21

LuckyDragon

Hi, I just got an offer as Senior Consultant from a small consulting firm (50 consultants approx.) specialized in telecom. I'm a top 10 MBA school graduate. My offer is $105k plus 15% bonus. No sign up. I just came to the US to school, previous experience 6+ years as an independent business owner. I know this is pretty low compared to the big four and other big firms, but I want to compare with similar companies. So far, reviews I have seen from Vault and Glassdoor all come from spring 2008, with very different economic conditions. Any thoughts?

Thanks!

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#2 RE: Is my offer competitive?
10/02/2009 16:59

a to LuckyDragon (#1)

Depends what you mean by competitive - if you have no other options, it's a winner!

Without knowing the market I can only guess, but it sounds reasonable in an increasingly competitive market with growing financial pressures.

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#3 RE: Is my offer competitive?
10/02/2009 17:10

anon to a (#2)

Given how poor the pound is against the follar right now looks great! For how long is another question.

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#4 RE: Is my offer competitive?
10/02/2009 17:33

Mars A Day to LuckyDragon (#1)

A bird in the hand and all that...

Actually it's on the low end of the scale for your experience, but as it's a small firm you should see quicker returns on your investment if you add value to the business - i.e. much easier to gain seniority. Also smaller firms tend to be good places to shelter the storm right now - they operate closer to their respective markets, have lower overheads etc, and client side are often perceived to be more cost effective/justifiable as less footfall of junior staff on projects.

Big 4 and the other big firms are not the best place to be right now - far easier to cull people in large numbers. Compact and bijou - same as the offer.

As Achilles said in the Odyssey, it's better to be a slave in heaven than a king in hell, at least right now.

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