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Strategy Director Salary / LA / 8-10 years exp?
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I have a joke about H1Bs, but it is RFEd
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Nope cause that's how the game is played. You know that and I know that. If you don't like the rules don't play...
Way to assume that people who got their MBA didn't have experience to begin with. #hatersgonnahate
No - they are investing on making themselves better. When they join a company out of their MBA, they have both the work experience that you have and a formal education. Their potential down the road is typically higher than a non-MBA.
I have had mixed experiences. There are MBA's who are outstanding and others unwilling to get their hands dirty. MBA syndrome is real. If you get an MBA and don't end up in I-banking, Big-3/strategy, or M&A - odds are you could have got to the same level or higher without it.
Most of the people I have let that have their MBA do not outperform the people that got to the same place by hard work and are pompous and think the world owes them something. The sense of entitlement is disgusting.
This is part of the problem with society today. Everyone needs to worry about themselves and not what others are doing / not doing, how much others are making, etc. #mindyobusiness
Well to be fair - you are only worth to EY or whichever firm you work for, the revenue you generate. If you are generating more than you should be compensated accordingly.
I think "barely any relevant experience" is a very narrow minded view. Sometimes non-consulting work can be great preparation for consulting.
*has MBA*
*starts at higher salary*
*cant make a PowerPoint; doesn't know Excel*
It also has to do with recruiting and yield. The MBA channel is valuable to firms that need to replenish at the 5+ year out of undergrad level. To attract MBAs to have a consulting lifestyle at that stage they typically need to pay more than a corporate strategy role. In response to EY1 - people get paid not by what they are worth to the firm but the lowest negotiated wage at which both parties will accept.
Odd that the degree still costs so much despite all these concerns. It's almost like companies find people with MBAs worth paying for and people here know better 🤔
@EY1 if you're below manager, you are generating exactly 0 in new, direct revenue. Not taking a position, just pointing that out
C2 even if it's not your sale, you're still generating fees, which is why utilization matters at most firms
....how do you even graduate from an MBA program without using excel? Practically all of your homework requires you to use excel. As for PPT, it's required for every class project....#baffled
most mba's have 4-5 yrs experience before b-school...
Agree with D3. Used to be an engineer in R&D pre-MBA, post-mba do a lot of IG work. Super valuable. Plus the bonus that clients also trust me more because "I get it."
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Makes sense given the investment in education plus opportunity cost of going to school. In my experience MBAs hired as seniors make similar money as non MBAs who made manager quickly (in non strategy). Short term you have people with same years out of school making similar money but with the MBA having 100k in loans.
I've worked with MBAs that should have been hired as associates and MBAs that should have come in as manager. Overall, def a good channel for recruiting talent. And from what I've seen raises for those on MBA scale can be pretty small, even with promotion to Manager
@S&1 that's true and your bill rate is related to how you can be sold (and MBA is a big part of that)... but your chargeability is related to how you market internally to project teams for staffing (for demand that has been generated by M+), not that actual generation aspect