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Industry to KPMG - Meagre increase, pls advise

 
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#0 Industry to KPMG - Meagre increase, pls advise
 
OozingBooze
18.05.15 00:00
 
Moving from industry to KPMG Public Sector with an MBA, got offered just 12% increase on my low base salary. Pondering over pros and cons, any input will be much appreciated.[u]Pros[/u]The brand is great on CVExit strategy seems soundGood team at p&cGood partner[u]Cons[/u]Not great base salary offeredA grade lower (manager at industry vs non-manager consulting)Increased travel commitment
 
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#0 RE: Industry to KPMG - Meagre increase, pls advise
 
Frio
18.05.15 00:00
 
What base salary have they offered you? The big salary increases come at each promotion in consulting. KPMG will be worried that you won't have the consultancy skills to transition immediately into a Manager role.I would be having the conversation with the KMPG partner that goes like this "What would you expect to see at Manager level vs Senior Consultant level and if I develop my consulting skills over the next x months when is the soonest I would be able to get promoted?"
 
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#0 RE: Industry to KPMG - Meagre increase, pls advise
 
noctilucus
19.05.15 00:00
 
[quote]What base salary have they offered you? The big salary increases come at each promotion in consulting. KPMG will be worried that you won't have the consultancy skills to transition immediately into a Manager role.I would be having the conversation with the KMPG partner that goes like this "What would you expect to see at Manager level vs Senior Consultant level and if I develop my consulting skills over the next x months when is the soonest I would be able to get promoted?"[/quote]Sound advice! Indeed discuss how soon you could be promoted to manager level and what "proof" you need to show in order to be promoted, which criteria will be used to evaluate you. Also have this discussion at the start and end of any projects, ideally on as many projects as possible you need to have the opportunity to prove some managerial capacities.Adding to that, Big 4s have quite a hockey stick when it comes to compensation, meaning that at consultant level they don't pay that well compared to the industry. It becomes more interesting as of senior manager and particularly at partner/... level.Don't underestimate the travel commitment and how that can impact your personal situation (e.g. partner / kids at home)
 
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#0 RE: Industry to KPMG - Meagre increase, pls advise
 
Bushy Eyebrow Partner
19.05.15 00:00
 
[i]discuss how soon you could be promoted to manager level and what "proof" you need to show in order to be promoted, which criteria will be used to evaluate you[/i]Sounds like a lot of hard work, that.
 
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#0 RE: Industry to KPMG - Meagre increase, pls advise
 
london_consultant
19.05.15 00:00
 
KPMG have recently introduced a new promotion system. It would be fairly difficult for a partner to meddle with that and just promise a promotion at this point. Also, why are you coming in at that grade with an MBA?
 
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#0 RE: Industry to KPMG - Meagre increase, pls advise
 
Leadingpractice
19.05.15 00:00
 
KPMG also have 2 promotion rounds apparently (mMr and Sept I believe) ...so not governed by the old wait till September routine. However, don't be fooled, they pick you when they feel you are ready and Partners do mess with the promotion process.
 
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#0 RE: Industry to KPMG - Meagre increase, pls advise
 
noctilucus
20.05.15 00:00
 
[quote]KPMG have recently introduced a new promotion system. It would be fairly difficult for a partner to meddle with that and just promise a promotion at this point. Also, why are you coming in at that grade with an MBA?[/quote]Though too often candidates are led to believe that they will soon be promoted after they join, with mixed results in reality. Hence the logical question from Frio how soon "the system" allows such a promotion and my question based on which criteria / behaviours / ... potential promotees are being rated so they at least have an idea of what their assignments should allow them to prove.@ BEP: isn't [i]a lot of hard work[/i] why we all choose to be in consulting? ;-)
 
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#0 RE: Industry to KPMG - Meagre increase, pls advise
 
detoilet Consultant
20.05.15 00:00
 
HiFor what it's worth I'd have a long think about this. You have missed out job security on cons. Given you mention PS and we now have a Tory government with a mandate to cut cut cut is 12% increase worth the risk - people on here should be able to tell you how bad PS consulting was in 2010-12 and the cuts are likely to be bigger now. KPMG for one shed hundreds from memory.I'd weigh up your current job security vs a 12% increase. Plus the MBA comment from London consultant is valid too.Sorry to be so down but best of luck if you take itDC
 
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