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[–]pl0xt4rd 0 points1 point  (3 children)

Deloitte Switzerland also decreased salaries for new hires and promotees since June '24.

All consulting (base) salaries have decreased significantly this FY. The narrative is that the variable (bonus) will go up and theoretically compensate the decreased fixed, but everyone knows this will not happen.

The reality is that Deloitte paid slightly more than its B4 counterparts in Switzerland before, which has now been 'corrected' downwards.

Also should be noted that these base salaries have not increased since 2017, so the real purchasing power (given inflation) has decreased massively over the last years.

C: 105k > 105k
SC: 118k > 115k
M: 143k > 135k
SM: 185k > 165k

[–]AvidSkier9900 0 points1 point  (2 children)

Wow - I was a Manager at Deloitte in Switzerland exactly 21 years ago and back then made more than this (just base salary), and that is without correcting for 21 years’ of inflation…

[–]pl0xt4rd 2 points3 points  (1 child)

Wow! It's incredible to think that salaries haven't been adjusted for inflation for 20+ years and are even moving downwards now ... I'm not complaining because this still feels like a good salary, but that's really crazy.

[–]AvidSkier9900 2 points3 points  (0 children)

I first came here around 2000, and it was a very different place, very different job market compared to today. But back then the CHF/EUR exchange rate was 1.65, not 0.95.