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McK package & loc preferences

 
#1 McK package & loc preferences
01/05/2005 06:25

mike

Hai

Do firms like McK base their salaries based on your previous drawn salary or based on their pay scale.

I m an experienced professional with 7 yrs of work exp and going to sit for the final interview for a position of a specialist.

They initially job post was for Sing office however now they are checking with me if I would be keen on India offices...

1) Can I still stick on to Sing..

2) What will be defined as a good pay package in India & Sing for my background

Thanks

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#2 Re: McK package & loc preferences
02/05/2005 14:19

annon

what IS your background, i.e specialist in...? was all 7 years experience in MC as well?

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#3 Re: McK package & loc preferences
03/05/2005 07:32

mike

specialist in JIT techniques & six sigma

exp has been in manufacturing and banking sector operations

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#4 comp is pretty much fixed per location
05/05/2005 08:30

Ritalin

For the generalist consultants, starting comp is more or less fixed within a certain band for each office at each level (varies per year, of course). So you may have to accept a (temporary) pay cut when you join...

You can certainly counter the Singapore offer - but they might just not need anyone with your skills in India at the moment.

Good luck!

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#5 Re: comp is pretty much fixed per location
06/05/2005 09:06

mike

Two things : I m being considered more for a specialist position rather than generalist as my expertise is in a specific area. Why will I be treated as entry level associate ???

& temporary pay cut... i dont really get that.. why will it be a temporary.. a pay cut is a pay cut. Also why will one take a top-line impact when he has a market value & he is being recruited based on his existing expertise. I agree that McK brand will add value and provide a lot of learning. I also understand the pay cut logic for freshers or others without expertise

Please advise Thanks ( the objective of the above questions are to help me understand the consulting industry better.. so plz do misunderstand)

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#6 Re: comp is pretty much fixed per location
06/05/2005 19:36

Ritalin

Hmm, sorry, but can't give an educated opinion on specialist positions. For generalists, they start experienced hires at associate level to learn the "McK way" of doing things - but these people can progress through to the next levels very rapidly. Comp can increase pretty rapidly for generalists (annual % raises in double figures is pretty normal), so in the long run someone joining the Firm will often end up earning more than they would have in an industry position - that's what I meant by temporary.

I presume that the same logic is applied for specialists.

By the way, 7 Years experience is nothing unusual for an experienced hire associate - plenty of people who started with me were in their early thirties.

Good luck!

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#7 Re: comp is pretty much fixed per location
07/05/2005 04:54

mike

thanks a lot

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#8 Re: comp is pretty much fixed per location
07/05/2005 04:54

mike

thanks a lot

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