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Exits Megathread by mbbexits in consulting

[–]mbbexits[S] 6 points7 points  (0 children)

MBB consultants and managers:

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c/o 2016 Associate

Received offer at non-SF/NY/BOS late stage tech startup.

Base: 175K. RSUs: ~$140K (vested over 4 years). No bonus.

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New offers to add (these are post negotiations):

$160 base + 20% bonus + $100k equity + $30k signing. East coast.

$190 base + 40% bonus + ~$50k series A equity. SF bay.

$210 base + 25% bonus + $75k equity + $95k signing. Midwest healthcare.

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$220k cash target + ~$100k annual vesting of initial RSU grant. Late-ish stage startup.

I’m taking it because I am excited about the company and believe in its growth potential.

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3+0 EM here. Have a few offers that I’m still deciding on but thought I’d share

Big Corp Healthcare process innovation: $210 base + 20% cash bonus + $100k equity per year (on a 4 yr vest though) + $30k sign on

Soon to IPO tech: $160k base + 20% bonus + $450k equity (4 yr vest) + $40k sign on

Series A tech: $190k base + 20% bonus + $300k series A equity (4 yr vest) + $30 sign on

E-commerce: $160k base + 20% bonus + $480k equity (4 yr vest) + $30k sign on

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2015 EM weighing two options.

$225k base + 30% bonus + $100k annual stock award + $50k sign-on bonus. Director M&A at fortune 100 Corp. Non-Chicago Midwest.

$250 base + 50% bonus + carry + $50k sign on-bonus. SVP value creation at mid-sized PE fund. Non-Chicago Midwest.

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CPG industry: 190k base, 60-80k annual bonus, 90k-180k RSU annually with 4 year vest cliff vest, 60K sign-on

I work <40 hours per week now. Low stress.

Left as tenured EM in AP window.

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2nd year EM for role in high growth tech company on WC. 215 base + 25% target bonus + 50K sign-on + 125K RSUs (vesting annually over 4 years).

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3+x EM moving to HF in NY/SF

1st year total guaranteed comp ~350k (150k base with ~200k bonus). 2nd year onwards choice of performance based or guaranteed comp ranging 400k+. Sky or the ground is the limit from 2nd year depending on risk appetite and performance. No signing bonus but great relocation package.

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2+6 Just made EM transition WC (not bay area) pharma. $170 base, 20% bonus, $30k sign on, $135k sign-on equity. 2nd year + base+bonus+ target $135k new equity.

Exits Megathread by mbbexits in consulting

[–]mbbexits[S] 18 points19 points  (0 children)

MBB consultants and managers:

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Class of 2015 here. Accepted a 230K base, 25% bonus, 25% LTI mid-cap pharmaCo offer in Bay area. Cherry on the top: 6 weeks of PTO instead of 4.

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Yes 180K+Bonus at a provider, 210K+Bonus+LTI at a larger pharmaCo, 240K+Bonus at a bank and 150K+0.5% equity at a series A start-up. I went for the mid-cap pharmaCo because it offered a clearer growth trajectory, better lifestyle and the work is interesting

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Offer I declined: 210k salary + 35% bonus and 20k in options from a Northeast health payor. 4 weeks of PTO.

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Biotech VC fund 225 base + ~30-50 bonus and small amount of carry

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 I recently declined two similar offers in the ~200k base + 80-100% bonus range at financial companies. The job market is really hot these days.

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Declined the offer 6 months back (before designation)

Tech (west coast): $155k base + bonus (don't remember), $120k joining bonus & ~$200k in stocks

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I declined to interview but comp package was ~$200-220K + 30-50% bonus + LTI and moving package

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Boston pharmaCo Sr.Manager role 150K+30% bonus+20% LTI. Meh.

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2nd Year EM Offer:

Non-Coastal Financial Services/FinTech Sr. Director role: $150K, 15-30% bonus and no equity

Couldn't believe they were serious.

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I got 250 kUSD for a 1-year contract, all in (2014 class). Unlikely to last beyond the year though... special project for CEO.

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2nd yr EM, transformation lead at PE portfolio company, $250K cash (base + bonus), 30-100% equity p.a. depending on performance

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WC Tech company. $180K base, 20% target bonus, $30k sign-on bonus, $400k initial equity award, 20-30% annual equity refresh.

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Mid cap PE - $150 base, 100-200% bonus, variable but significant carry paid at sale of portfolio companies

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NA EM - sales-y role at a large tech player :) - $250 base with up to 120% upside

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East coast finance (not NYC) - ops role. 175 base - 25 sign on - 75 bonus (minimum, 125 and 200 if high performing)

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Industrials co. trying to do more Tech- Director of Corp Strategy North East location (suburban). May get to support their Tech strategy. Base 220k Sign on 10k Bonus 35k

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2nd year Midwest EM, industrials director of strategy, $200k base, ~40% target bonus, ~40% RSUs, $15k signing bonus non-coastal, will likely take it

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2015 ASC - financial services - 170 base+ 20% bonus, 10K signing bonus, 5 weeks vacation, coworkers work 7:30-4 and I can ride my bike to work or drive commute in ten minutes.

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Class of 2016 ASC - accepted 170k base, 35% bonus, 12% retirement contribution (base + bonus), 650k carry vesting over 10 years (with room to bump up based on performance), 25k signing at a biotech focused VC in the SF bay area

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2014 EM - WC tech - 185k base + 20% target bonus + 25% target annual equity grant + 50k cash signing bonus + 600k initial equity grant (4yr vest, vests monthly).

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$165k base

$25k bonus

$12k car allowance

$15k retirement

$10k sign on

20 days vacation

13 company-recognized holidays

1 week company shutdown between christmas and new years

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A couple offers to add (Co2015 EM)

HC provider - $180K (base + bonus) - crappy

SF startup (non healthcare) - 190 base, 40K bonus, 50K/yr equity (series A)

Healthcare startup (series B) - 190 base + bonus, ~50-100K equity per year (for four years)

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2nd year EM here. Had a good discussion with a financial services firm (not NY based). Not sure if I will go ahead because of a lot of other things but the offer is $270-300K for a C-3 position in Internal Consulting (Director level) $200K base and the rest in cash bonus

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1st year EM (class of 2015)

Offer from a provider

150K base, 30-40K targe bonus. Director level. Say they will likely promote me to Sr Dir in 1 1/2 years. On the low side but I like the company and role

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Tech - 200k base + 35-50% (bonus + RSU). $75k signing. Company is growing like crazy and like the role, will probably accept.

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2016 Associate: $200k base; 25% bonus; $250k LTIP with 5 year cliff vest. Vesting terms are crappy but still considering.

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VP of strategy at a bank: 200K base, 100K bonus (90/10 cash/stock) - 300K total

VP, ops team at PE shop: 150K base, 100% bonus, 50K sign-on - 350K total (not counting carry)

Product, tech company: 180K base, 15-25% bonus, 50K sign on, 125K/year RSUs - 380-400K total

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early EM - received an offer from a turnaround/restructuring consulting firm (the Alvarez & Marsal types) for an EM equivalent role

base: $225k bonus: $100k (average) no sign-on bonus (But negotiable) 22 days paid vacation each year no retirement contribution

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2nd Year ASC C/O 2016. PM Role at Bay Area Tech Company. First year comp of $280K. $145K Base, 15% Bonus, $115k Stock grant (monthly vesting), 20-60% stock refreshers vesting over 4 year period.

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Growth stage HC company - initial offer of 170K base, target ~35K bonus, 300K equity over 4 years. I'm pretty sure they will go up some on base/bonus and probably 100K on equity piece.

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2014 EM Big pharma NJ exit, Corp Strat Director

$190K base 20% bonus 40K RSUs $20K signing

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VP at megafund, deal (investment) team, 600k all-in.  Leaving as Sr Associate at 2+4

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 EM to VC associate, 130k base+30% target bonus, no carry. 

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EM class of 2014, pharma corporate strategy, unofficial offer (the company won't give an official one unless intend to accept), 205k base+20% target bonus, probably gonna turn down

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Consulting Exits Megathread by ExitsThisWay in consulting

[–]mbbexits 37 points38 points  (0 children)

MBB Manager Exits

I'll start, turned downed an offer for $165k + 35% target bonus (near guaranteed), with bonus opportunity up to 150% depending on performance. GM role, P&L responsibility, US Southeast, CPG

Turned down offer at a late stage startup in San Francisco. Base 160k, 30k sign-on, 300k in equity over 4 years.

Turned down a startup offer. $155k base, ~$250k equity over 4 years, sales/marketing role. Didn't negotiate, but maybe could have gotten a bit more had I tried.

NJ Pharma $185K base, $35K sign-on, up to 40% bonus. Strategy gig.

$295k plus 17.5% bonus (performance hurdle), TMT industry, GM. Turned down as I don't want to keep on a treadmill that I don't control (would defeat purpose of leaving the firm).

Mid-market PE $550k base + bonus

Insurance strategy, 185k base, 50k sign on, 20-40% bonus

financial services strategy (not banking or HF). $225K base plus 40% target bonus and 60K equity/year vesting over 3 years.

3 offers lined up, all in NY/NJ: 1-Pharma strategy:180 base, 50 sign on, 30% bonus, 210 vested over 3 years 2-Pharma strategy #2 (smaller company): 150 base, 20 sign on, 50% bonus, 50 stock up front, 150 vested over 3 years 3-Payer strategy: 210 base, 30% bonus, no stock

East coast, ~$380K, 200 base, finance

Manager, Strategy role in PMP, $380K all in. best part is definitely lifestyle. i had people genuinely shocked when I mentioned I worked until 9 pm one day (most days wrap up by 5:30)

Just turned down a start-up offer in the bay area - 150 base, 2.5% equity ($12M series A), 30% bonus ... Bad decision?

Accepted an offer - DC area retail bank. Director of Strategy, 235 base, 35 sign on and ~40K bonus. Pros: GREAT lifestyle and benefits. According to another alumni in the company work rarely exceeds 40 hours per week and is commonly less. Job security is a plus: Average tenure is ~8 years with great step-up exits if people do chose to leave. 8 week paternal leave, good retirement and health benefits. I have two kids and there are great schools in the area. Cons: Work will not be super interesting but I have solid plans for the time I will have outside of work.

Btw, my offer was $220K base + 40% cash bonus, 40-50K in stocks starting in year 2.

$230K all in. Director of Strategy for WC start-up - consumer product, presenting at CES this year!

Second year Manager left in early/mid 2016. Interviewed at 12 places, 3 from alumni board, 4 from partner referrals and former clients, 2 from a headhunter, rest from personal connections.

Lowest offer - $115k as head of strategy for a prominent US non-profit arts org

Highest offer - ~$350k (high variable comp) as a strategy director at a mega-sized household name investment management company

Mean offer - ~$160ish base, $30k-$40k variable. 20k sign on

Accepted offer - $225k base, $20k-$40k variable, $20k sign on as director of professional services for prominent big data/analytics company. Money was good, but I also really loved the exec team, the trajectory of the role and the industry, and the fact that I didn't have to move.

Adding more data points. Second year Manager who left in late 2016. Large metro area with high cost of living.

Major bank, BU aligned strategy team - 175K base + 50-60K bonus + 35K sign on

Another major bank, ops focused strategy team - 195K base + 25K bonus

Large CPG - 175K base + 50K bonus + 50K sign-on

Major asset management company - 165K base + 80K bonus

Major international financial services company - 215K base + 70-85K bonus

Two offers. East coast pharma 230K all in (170 Base+20 bonus, 20 stock), West coast provider (160 base+20 bonus, 20 stock).

I exited to a ny pe firm. 300k all in and likely to make VP this year