Hi all,
I am interviewing for Deloitte for an associate director role (M4) within their Post-Merger Integration team, in transaction services division.
I was wondering how much could be the compensation ?
Has anyone some ideas?
Thanks in advance,
Ben
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$$$ Big Bucks, I'll bet! $$$
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I would like to precise, it is london-based.
Thanks !
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£££ Big Quids, I'll bet! £££
Have you thought of asking Deloitte?
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Not yet. It is likely them asking me how i want, and i don't want to ask too low )
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They will already be operating to set bandings so you'll fall within that - just ask them for the top and bottom ends of the band (which will be DOE etc).
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This is a question that a lot of people ask. However, the best option is to tell them what YOU want or are expecting. This much you will probably know.
If you are successful and they like you, they are likely to tell you that they cannot meet your expected salary and make you a lower offer.
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If they ask you how much you want, why not tell them? You could say, "I'd like £50M/year and a company yacht please". Or you could say, "I'm paid £50K at the moment but I'd like £60K because of the risk involved in moving." Then perhaps they might tell you what they were planning on paying.
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Glassdoor gives a 72k to a 103k range. 72k seems low, considering I would think Associate Director corresponds to Senior Manager. Based on this, I would expect the grade to fall into the 85k to 100k range for base salary, more or less.
However, taking on board what mentioned here a couple of times, at your level of seniority you might already afford to negotiate outside of the banding, depending on your level of expertise.
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What you join on, and how you feel about it 3 months later, are different issues, and the latter is much more important. You need to know the banding so you know (at an educated guess) where you might fall within that and hence what your peer group is getting. If you can negotiate outside of banding, then fair play - but if you have done it then so have others and you'll soon wonder if you haven't either set yourself up for too high expectations from Deloitte, or whether lesser experienced hires also managed this trick making your gains incremental at best. Reality is that we assess our remuneration not based on universal and objective 'market rates' but on what our peers are getting.
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As long as it is POST merger, it should be fine (meaning, not more than what one could normally expect in the industry). I would make sure that there is indeed little/no involvement during the deal phase.
All these "operational transaction" roles sound glamorous and I am sure one can learn a lot there, but you risk of just ending up being a small part in a complex machine of bankers and lawyers, who will treat you as an inferior species while, at the same time, expect you to work their same silly hours for a fraction of the money.
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Wooooooooooo!
Richard - u us da man!
Preach the message!
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72k seems low?
Well, yeah, it is- but this is what Deloitte will pay as (base+benefits allowance) for an M4. Indeed it starts several k lower.
103k? Dream on.
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Oh wow, I guess I was somewhat off the mark with my guess then.
I got misled by the title I guess, associate director sounds quite senior. The title kind of implies it's the step before director, but given the salary level you mentioned it must be more junior than that..
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Associate Director outside Deloitte consulting I believe is the equivalent of a consulting manager or possibly senior manager. I have a friend there in the PMI group and he definitely is not the equivalent of a consulting Associate Director. The title is deceiving.
On a side note, don't these titles "bumps" just tick you off? How many Vice President or Director roles do you know that are just middle management gigs that don't actually pay?
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so many powerful titles
i recently met a guy who called himself the "CEO" of his one-man-band operation.
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In my current gig all the sales people are called "managing directors", who being sales people, do f**k-all managing. This pisses off the Directors, who actually DO manage large parts of the business.
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Associate Director is indeed the step before Director. There is no M5 grade outside the Consulting service line - you skip this step and go from M4 Associate Director to M6 Director.
The salary curve as you go up the grades is very concave - i.e. the increments between the grades increase dramatically. You might get 10% on promotion from analystes to consultant but it will be more like 100% from Director to Partner.
Hence an AD gets a lot less than a Director. There is probably the odd rare specimen on Director-type pat but it would be more typical to start at the bottom of the AD pay scale and after 3-4 years of unspectacular payrises be promoted to Director, if you are on the right track.
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Guys, thanks a lot for all your answers so far.
Do not hesitate anyone for any other insights if any.. :)
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We will not hesitate even for a split-second
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Speak for yourself BEP. I hesitated.
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Deloitte PMI Directors start on base pay around the £100k mark. Bonuses aren't generous unless you are well connected.
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