Got a verbal offer on 9/30 for EY S&O/Parthenon for a manager position. How long should I wait for a formal offer ?(recruiter said she is putting down Nov 11 as the start date to accommodate for visa transfer) How long does EY give to accept an offer? Also the recruiter said I could expect a base between 140-150k in Chicago, does EY honor a verbal commitment? YOE:5 Current TC: 95K
It's probably EY Advisory S&O and not Parthenon. Parthenon does not have the same career ladder as EY advisory (e.g. Senior Manager is called Vice President). That range for Chicago is good, the band is 135k to 185k. So for 5 yr Yoe you are being offered manager 2 and that puts you in the middle.
Thanks for the insight. Abt S&O vs Parthenon, even my interviewer seemed confused (senior manager), said the partners still haven't decided to call the new org. Anyway the question was will they honor a verbal offer?
Well for my past group that was the norm, we make verbal offers and then send the written one's, only and only when there is acceptance. But each practice is it's own mini startup and other partners may operate differently.
That base is even lower for a consultant (I think MBA fresh grad gets 160k), manager should have higher compensation.
Not an MBA, getting hired for the analytics practice within S&O/Parthenon