Will T2 firms raise bases as well?
Parthenon and Strategy& bases are still at 90k, Oliver Wyman is at like 87k and LEK is at like 80k. Would they raise bases too too prevent top talent from leaving their firm to MBB or IB?
Aug 19, 2021
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OW is at 90 base, still needs to go up tho
S& has raised base salaries for SA and above - including in some European geos
I don't see them loosing talent to IB tho? Completely different job, there is more to a career than financial remuneration
What did S& raise their base to? What's full first year comp look like now?
unlikely since top talent usually isn't choosing T2 over MBB anyway, just facts
Most, if not all, reputable non-MBB firms have already adjusted this year to stay within 5-10K of MBB starting salaries at the undergrad/MBA level entry points. While the basis of your comment isn't necessarily wrong, the conclusion it leads to is off base.
S& tries to stay competitive with MBB at least at the lower levels
some years they pay more for MBA hires than MBB
i'd expect an adjustment upward
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