Greetings All-
Quick Background: Booth MBA grad (June 2016), evening program, still working full-time at my current (soon to be former) employer. Been heavily invested in my job search and just got my first offer, to join Strategy& in Sydney as a Sr. Associate.
My question is this: their first offer was 148k base, 22k signing, 5k relo, avg. annual bonus of 18% (25% max). So, on paper, this looks like a decent offer in line with what I've seen recently on some of the forums for management consulting. However, what I don't know is whether these amounts are quoted in USD or ASD (asking for clarification). Obviously with the exchange currently at .75 ASD / USD, this goes from a 'market' to a lowball offer, given that the relocation duration for me likely going to be only a year or two.
My questions are this:
1) I assume these offer letters are negotiable? Would love to know before I do something foolish
2) If quoted in ASD, would it be inappropriate to ask for an adjustment for currency translation?
3) Would it be appropriate, separately, to use COLA as a negotiating lever - Sydney being 11% higher than Chicago
I've got about a month to accept this offer and am also trying to nail down an offer domestically from Oliver Wyman among some other things in process. While I'm certainly excited at the prospect of a workcation in Sydney for 1-2 years, I need to be sure I'm not shooting myself in the foot financially.
Any advice is appreciated!
Thanks
As a former PwC consultant, I've had many team members join as experienced hires such as yourself. I would definitely say there is always room for negotiation. If its not at the base salary level, for sure the sign-on or relocation (or both).
I would agree that you should definitely has some support/data to back up your negotiations and why it should be X amount versus Y. COLA is one I've seen people use, others are what market rates are for your role at Deloitte/EY, but since this is for a position at Strategy&, you can use MBB since that who they try and compete against.
Thanks Hugo - much obliged.
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