Hey all,
I am seeking your insights on a challenge I’m facing in my current role. As an ex-MBB consultant in our strategy department, I am approaching a promotion after two years of service, aligned with our consulting-style hierarchy.
However, I've learned that my post-promotion salary will be approximately 30% lower than peers at the same level, despite the company's overall good performance and promises of pay increases at each promotion stage. This is puzzling, especially given my consistent 'outstanding' performance reviews. I suspect the discrepancy may be related to my strained relationship with our department head, amidst an environment that has not always upheld the highest standards of professionalism.
I discovered this issue while working on next year’s budget and am scheduled to discuss it with the department head tomorrow. I am exploring new job opportunities but would value your perspectives on:
- How to approach the conversation with the department head effectively?
- Have you seen/ heard of instances of my predicament above?
Looking foward to your advice.