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Because people with median salaries don't humble brag (lie) on this app.
Because most people are grossly overpaid for what we actually do. There’s also a seismic difference between salaries and roles at Big 4 and the type of firms that come under the heading of “consulting”. If you’re in a strategy role, M&A or similar then $200k+ in mid /late 20s is very doable whereas if you’re in an Audit role or in public sector consulting you may never crack $200k all career. Remember, there are over a million people just employed by the Big 4 firms so that leaves a hell of a lot of scope for difference roles.
Not all consulting is equal. 1) Type of consulting as mentioned above 2) what firm (MBB for example) 3) What city you live in (although this also means higher cost of living) 4) your credentials (people coming from the most prestigious schools get the most prestigious entry level opportunities)
If you read management consulted’s yearly salary report it will tell you the average package used to get UG/MBA hires (separates) for each firm. I am graduating w/ an mba this spring and confirm my offer was identical to what was posted for 2019. Others in my cohort seem very close as well.
Self-reporting bias
Because people naturally benchmark against the high/aspirational end of the market. At BCG (and elsewhere), the total comp curve from under grad for strong performers is 100-200-300-400-550-900 in years 1-3-5-7-9-11. That’s the cheese in many peoples rat race.
Refer me to BCG?