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"post_content": "Hey everyone - I am 28 with 5YOE (2 in consulting 3 in industry) and am working towards a part time MBA at a T15 program. My current comp is 130k which I am quite happy with (having started at 52). I see posts here stating folks comp in consulting to be around 300-500k. How does one get to those numbers? Are you all in MBB or T2 firms and how did you get to that position? I was hoping to get to those numbers by 35 or 40, and was thinking of a plan to get there.",
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Rising Star
MBB/ some T2 or Tech. Mind you for tech those numbers include and in some cases are heavily comprised of RSUs. 300-500 is very high and not the norm for 5 YOE…
Range is all over the place, some people get there in 6-8, some get there over 15. Assume 2-3 years junior consultant, 2-3 years senior consultant, 3-4 years manager. If you take the higher number, that’s 10 years to make SM. SM to MD / Partner depends on you, but you can start earning 300k as a SM
Many firms won’t let you stay 12-15 years without hitting partner and thus having over $500K comp At MBB for example, it’s roughly 2/3 years at each level before they kick you out. Consultant (2) -> Manager (2) -> Associate Principal (2-3) -> Partner, so total of 6-7years At Big 4 it’s a bit slower but still pretty fast Senior Consultant (2) -> Manager (2-4) -> Senior Manager (3-6) -> Partner, so total of 7 to 12 years, at my old Big 4 you were only allowed to remain SM for 7 years total before being let go. You should reach $300K TC as a tenured M at MBB and tenured SM at Big 4.
I’m still an intern, was wondering if you’re in the same role at MBB/big 4 for 1+ years (like 2 years as M), does your salary increases every year or does it only increase when you get promoted?
You don’t need a MBA or a very particular plan for that. I am in a Big 4 and our specialized Directors are earning upwards of 300k. I am not even very specialized, but have 12 years of experience and I am close to that. All MDs easily earn above that. Just have a specialization in mind, work towards that, keep performing well, go above Senior Manager / Director and make $$$$$
Rising Star
I mean depends on the career - but yeah 15 YOE for sure at any consulting firm and easily at a tech company. Assuming you can progress, even 10 YOE is pretty feasible.