Big 3 RX 2021 Comp (A&M, Alix, FTI)
With RX being slower right now, what were people's bonuses and all in comp for 2021? How many hours were you billing? Are you enjoying the slowdown or hoping to get some more experience in? Looking specifically for AN1/2 and AS1 if possible. Obviously more catered towards A&M and FTI since they have undergrad recruiting. Thanks!
A&M's bonus is based off billables so an An1 at A&M RX is approximately $450/hr rate * 1600 hours (40hrs/wk for 40 weeks given slowdown in market) * 15%-20% (call it 17.5%). That would be 126k in total comp. We subtract the total billables from bonus so 126k - 80/90k base (depending on where you live and COL).
I would say that's very low compared to banking and those assumptions are based on the huge slowdown in RX but at that rate:
1. You're working 9-5pm (if even). For the most part, no one comes in MWF and Friday everyone leaves by 1/2pm if they do show up
2. You have 12 weeks (3 months) of doing basically nothing based on my calculations above.
People call RX consulting an exit opportunity because you still make good money while having periods where you're "on the beach" doing nothing. You'll be in the mid 200k range as an Assoc1. Again, it's not banking comp but you're barely working. The more you bill the more you'll make so when RX is hot you'll have a strong bonus.
How does FTI differ from that? What's your utilization and how many hours are you billing this month and/or year given the markets?