Compensation

Does MBB really crack 200k after 2 or 3 years out of ug?

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My (non-MBB) progression at a “annualized total comp package” has been (with estimations around bonus ranges at middle historical avgs): Sept-Dec 2017: $98K Jan-Jun 2018: $102K, promote to Senior Analyst Jul-Dec 2018: $111K Jan-Jun 2019: $117K, promote to Associate Jul-Dec 2019: $163K Jan-Dec 2020: $223K

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likehelpfulfunny
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Atk boi what’s your comp now? Did you make it playa?

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I was 28 when I crossed 100K , 35 when I passed 200, 38 when I passed 400, and 44 when I passed 800 . At no stage could I have predicted what would happen in 5 years - and I still can’t for next 5 . And for some perspective - plenty of people who passed UG with me made 100K by 25 and 200 by 28, but then didn’t accelerate much more . I know at least two UG friends who crossed 200K at 32 or so but then by the time they were 45 were making upwards of 1.2M It’s fairly unpredictable how it will all play out even for the lucky few

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likeuplifting
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Yes. But my spirit is broken.

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likefunnyupliftinghelpful
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Second’ing this request. Very curious to hear your path and what you’re up to now BCG5

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🙋‍♂️ I did

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Ratings?

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You get paid the same as mba graduates once you get promoted to that level, so like 170k+bonus

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If you don’t go MBA route, you’ll hit ~200 when you get promoted to consultant at Bain. Bain is probably the slowest MBB as far as accelerating career progression out of UG

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Yes— my pay last year (year 3) was north of 200. I’ll be promoted to PL later this year (I have not and do not plan to get an MBA) and so the numbers will keep going up. Feel very lucky to be Team Green 🍀

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Can I send you my resume? Lol

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Yes

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Can you get this far in MBB without a MBA?

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My wife is a partner there

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Can anyone share rough estimate of difference between salary and bonus? I'm baffled and quitting

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Check the MBA (not undergrad) section of this link. It is ballpark correct. I think base might be $5k low for us but same idea. Note — it’s labeled MBA but you don’t actually need an MBA to hit that salary, you can be directly promoted https://managementconsulted.com/consulting-salaries/consulting-salaries-for-2019-management-consulted/

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Looking at M7 employment reports, really very few graduates go and work for firms like KPMG, EY and Accenture. Deloitte and PwC are much higher represented (highest by far obviously being MBB). I don’t have a question, just surprised.

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People from other firms throw mad shade at Accenture, sometimes quite warranted, but every firm (especially MBB) has been pushing hard to build up their IT services/tech consulting side for a while now. I guess clients can't just google their way through massive implementations the same way they can download fancy slides.

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Is it me, or does MBB get both undue hate and admiration from non-MBB on FB? Some odd mix of “we’re just as good” and “pls give referral”. Seen MBB comments upvoted / downvoted simply for being MBB.

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Dear fellow DS, what exit opportunities do you consider, from MBB? Only Fanng?

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If I moved to MBB (from D as a Sr Consultant) at the associate level, could I specialize exclusively on World Bank/USAID/etc types of orgs without taking a paycut? Is there a partner paycut if they work exclusively with WB/USAID?

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I’m a 2nd year Consultant currently with a Big 4 firm. I have been working on my masters (MS, non-MBA) part-time and I will complete it May 2021. If I want to apply to MBB after obtaining my MS, do I have a chance applying as an Associate? Or should I apply as an Analyst?

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Is it worth applying for MBB lateral currently? I have a good resume and think I can get solid referrals...but not sure if it’s even worth it given COVID?

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MBB - how do you find roles that pay more than consulting? I can't find many jobs that do except for finance roles.

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