Ernst and Young Senior Manager Management Consultant Salary in Northern Virginia Washington DC $180K-$325K+

If you don’t have financial industry experience, you can talk about other relevant work experiences that helped prepare you for this role. Our objective is to provide clients with a unique business perspective on how to leverage SAP technology to improve their operations. We have a database of 100+ companies that are ready to hire on a 4 day work week. You will only have to work 32 hours and they offer competitive salaries.

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We are accelerating the timing of our annual salary increase and promotion effective date from October to August, beginning this year. That means your applicable raise will be effective August 8, and you will receive your increase, annual Performance-Based Bonus (PBB) and client-serving promotion bonus in your August 26 paycheck. We will dive deep within each level and structure so you can know the transparency of each pay structure. I was 27 when I started my campaign to be promoted to senior manager. The feedback I got was that I looked very young and there were some concerns about whether clients would trust me.

Please try our salary wizard to explore how other factors like location, Years of experience and number of direct reports can impact your base pay and bonus. Further details on the salary of EY and EY-Parthenon (EY-P) consultants will be explored below, with a comparison to the MBB firms (McKinsey, BCG, and Bain) to give you an overview of the industry. Of the 10 that weren’t, at least 1 just came back from international rotation, and either 2 or 3 (can’t remember which) hadn’t passed the CPA exam and therefore couldn’t be considered for promotions. All raise and bonus theories were squashed (as to hard percentages), though we were told to expect some form of raise as well as variable comp at FYE. In addition to the educational and experience requirements, applicants must also have a valid CPA license or be in the process of obtaining one. Candidates should also have strong communication and problem-solving skills, as well as the ability to work independently and in a team environment.

The 5 major Positions within EY

It was really shocking and frustrating feedback because it wasn’t something I could just change or improve on in any way. I got promoted to senior manager at Ernst and Young at just 28 years old after working there for seven years. I’d spent a lot of energy and time at this company — eight years total, to be exact — working toward securing promotions.

However, all three MBB firms provide a higher salary level than EY Consulting and EY-Parthenon. Compared to MBB firms, EY and EY-P offer a competitive Intern salary, with higher base pay. EY (formerly Ernst & Young) is a global professional services firm that provides assurance, tax, consulting, and transaction advisory services to clients around the world. Everyone at the table should already know your story and should be supportive of your promotion before your review. Beforehand, set up coffee chats with a number of senior managers, partners, and directors that you work with to show them what you’ve been working on and ask for advice on how to improve.

A senior EY-P Consultant’s salary can be much higher than their EY counterpart. Add your salary anonymously in less than 60 seconds and continue exploring all the data. We’ve negotiated thousands of offers and regularly achieve $30K+ (sometimes $300K+) increases. Get your salary negotiated or your resume reviewed by the real experts – recruiters who do it daily.

1. With attrition at Big 4 firms still lower than expected it wouldn’t be surprising if firms take a more aggressive stance on their people showing their faces in the office and/or client site.
2. This question can help the interviewer determine if you have any experience working in a similar role.
3. As a reminder, these averages don’t take into account factors like location/cost of living, line of service, academic degrees, rating (Progressing, Differentiating, and Strategic Impact), and bonuses/awards.
4. As for EY-Parthenon, an Intern’s minimum salary is $56,000 and the maximum is $89,000.
5. An EY Intern consultant earns a minimum of $58,000 a year, and a maximum of $83,000.
6. Your answer should show that you value teamwork and collaboration, but also have the ability to work independently if needed.

At EY, you’re given what’s called a «career counselor,» or someone two levels above you who’s responsible for helping you navigate your future. You meet with them once a month to go over your performance and get advice to get you to the next level. At the end of the performance-review cycle, leaders from EY sit around a table and your counselor pitches your promotion for about five minutes. This as-told-to essay is based on a conversation with Ayomi Samaraweera, a former EY senior manager and a TikTok creator who talks about consulting for 12,900 followers. According to our 100% employer reported salary sources the median salary for an EY (Ernst & Young) Senior Manager with a Master’s Degree or MBA is $136,844 – $145,746.

EY guide to salary levels, pay scale & compensation

I was able to sustain consulting for so long because I had an amazing team that I worked with who are now my lifelong friends. Even though I looked young, I had a number of great client testimonials. So I invited partners to meet with my clients and see how I worked with them and that mitigated their concerns.

So just a shade better than two-thirds of the Keystone KPMGers eligible for manager will be in the new manager class. As you may remember, this is pretty close to the breakdown for one office in the Rockies but a little less than an office in the northwest. Visit accountingfly.com to find a remote job or to hire remote talent. On your typical engagement, you will work with the key stakeholders to understand their needs and advise on SAP system capabilities. You will initiate the requirement gathering, architect solutions, blueprinting, testing, complete the workflow and documentation, as well as the functional design of the solution.

1. EY-Parthernon offers a higher salary level for their partners, $372,000 – $661,000 a year.
2. At EY, you’re given what’s called a «career counselor,» or someone two levels above you who’s responsible for helping you navigate your future.
3. Visit the Levels.fyi community to engage with employees across different companies, get career tips, and more.
4. On your typical engagement, you will work with the key stakeholders to understand their needs and advise on SAP system capabilities.
5. This includes the adoption of electronic health records (EHRs), telemedicine, artificial intelligence (AI) and machine learning (ML).
6. It is a good idea to understand every part of the compensation and what they entail.

Join our community to connect with ambitious applicants and ex-consultants. In 2014, EY acquired The Parthenon Group, a Boston consulting firm, to bolster its consulting business arm. Visit the Levels.fyi community to engage with employees across different companies, get career tips, and more. First it was Deloitte, then PwC, and most recently EY that waded into the Big 4 compensation discussion waters with its employees.

Tax Manager Salary

Looking at MBB firms, BCG pays their manager roles the lowest ($173,000 – $278,000), and even lower than EY Parthenon. McKinsey and Bain, on the other hand, pay their managers almost twice as much. As a reminder, these averages don’t take into account factors like location/cost of living, line of service, academic degrees, rating (Progressing, Differentiating, and Strategic Impact), and bonuses/awards. This is just the average percentage of how much base pay increased per step up in rank/promotion. This question can help the interviewer determine if you have any experience working in a similar role. If you do, they may ask you to describe your previous job duties and how they relate to this position.

When employees were asked about their compensation, they felt that their salaries were very competitive for the market that they were in. 335 employees felt that their salaries were superior compared to other companies in the same industry. I think people often lose sight of why they’re chasing promotions. Now that I’m out of the field, I can see how strange the promotion process in consulting is to outsiders. You basically have to lead an internal PR campaign to champion yourself and advocate for your own promotion.

We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $169,900 to $388,200. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $203,900 to $441,300. Individual salaries within those ranges are determined through a wide variety of ey senior manager salary factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year.