8 Pages Posted: 23 Jun 2009
John Bowen has aggressively interviewed with management consulting firms and Fortune 100 corporate planning offices. His efforts have paid off for he has received several very appealing offers. The contenders have been narrowed down to two prestigious, strategic consulting firms. One of the firms is Windburn Associates where the potential salary increase is just not enough to offset its lower starting salary offer. See also UVA-QA-0567 for Windburn's perspective.
Rev. Nov. 24, 2009
At last, it was nearly over—two years of studies in an intense business program following two years of liberal arts at a major university, countless interviews, a stream of company visits, and now the choice between two very attractive job offers. John Bowen had aggressively interviewed with management consulting firms and Fortune 100 corporate planning offices. His efforts had paid off, for he had received several very appealing offers. The contenders had been narrowed to two prestigious, strategic consulting firms.
BLUE SKY, a Boston-based firm, had offered Bowen a starting salary of $ 56,000, a standard medical-insurance package, and coverage of all out-of-pocket moving expenses. After Bowen's most recent telephone conversation with the partner who had made him the offer, he knew that this was the best offer he could expect to receive from BLUE SKY. Previous discussions had indicated that annual salary increases were in the range of 5% to 20%, with an average performance receiving 10%.
Bowen's second offer was from Windburn Associates, where he had worked the previous summer. Windburn's offer included a starting salary of $ 50,000, a standard medical-insurance package, and coverage of all out-of-pocket moving expenses (the move would be handled by a reputable moving company and was estimated to cost $ 2,000). As a summer associate, Bowen had made friends with several young associates who had been with the firm for a couple of years. These friends had spoken candidly about their experiences at Windburn, including salary figures. From those conversations, Bowen learned that the annual salary increases at Windburn seemed to fall between 10% and 30%, with the norm being 15%. Windburn was located in Washington, D.C.
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Keywords: Quantitative analysis, general
Suggested Citation: Suggested Citation
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