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I don’t think so? Partners make quite a bit. Def agree on wlb tho
For the record, most of my classmates went to Amazon (25+), Meta, Alphabet and Microsoft with around the 5 to Apple. To this day, their comp is on average around 20% -25% higher on account of the stock based compensation they receive. A lot also receive yearly refreshers to make up for any shortfall. Also, firms like Amazon and Meta are fully remote while Apple and Alphabet only want folks in 2 days a week.
Chief
In my rough calculation and peer set comparison, T1 tech jobs as a SWE beat MBB for the first ~4-5yrs or so. After that point, the cash comp trajectory in consulting takes over.
Promotion cycles are slower in tech, MBB consulting is fixed cycle where the sky is the limit; in 8 years you’re at $500k/yr and in 10 you’re over $1M/yr. My friends in tech got offers which came out to ~$170k/yr on graduation, but it falls off/decreases after a few years without stock refreshers and the like. I’m now at over $230k/yr cash three years in.
Obviously this depends on a bunch of other things like where you live, if you stick it out in consulting, or if you can even be a SWE in the first place. Most consultants couldn’t write a Python script to save their life.
Pro
Yeah
Rising Star
Agree with bcg2 ignoring data scientist.
Banking is higher, esp. at the sr MD level. Rainmaker banker >>>Rainmaker consultant
Personally found that it normalizes more. Just like in consulting, not everyone guns to be the top, so you get a big variance. A lot of folks stall out.
For those who choose to stick around, in consulting you’re making ~400/500 at the 5 or 6 year mark, and then a few years later to partner and into $M(s). That’s hard to beat even in tech, though obviously some roles do.
Rising Star
Yeah 10 yrsdeep pulling 750-2m ain’t bad
I went to an M7 bschool and graduated several years ago. I'd say that on average, the tech people did better than the consultants over the past 5-7 years, even considering the recent drop in tech valuations. The people who made partner in 6 years at MBB lead the pack comp wise, but they are relatively rare. Then again, a few people made director in FAANG in product roles, so I assume they're doing quite well, though not quite MBB partner well. I don't know anyone who has made partner at T2 or big 4 yet.
The tech people tended to stay in big tech, or reputable tech (faang to square for example). The most common path for consultants was exiting at 2-4 years and going into tech in business roles.