Hi all, I'd like to understand what is the bonus structure at different consulting firms. I'll share mine first:
Role: Consultant level at a boutique consulting firm
Bonus structure: typically 20% for consultant level (30% for manager) * company multiplier (depending on the company performance)
I'm keen to learn:
1. Is 20% annual bonus baseline for consultant level / 30% for manager a typical industry practice? Is this on the high or low end compared to your firm?
2. Do you have a “guaranteed” annual bonus? Or, the bonus is purely “company discretionary” and you might get no bonus in bad times?
Thanks for sharing!