How do people go into consulting out of college and NOT ever break 250k? It seems inevitable if you stay or just get a half decent exit. Not sure why everyone here complains about how hard it is to save

likefunnyupliftinghelpful
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Also once you’re no longer in analyst/associate type recent hire positions, consulting becomes pretty political to keep moving forward. MBB and T2 firms are mostly up or out so a failure to gain enough traction means you know you’re getting laid off pretty soon

like

M2 I have heard that industry is a lot more political than consulting but I've had a rough start at the Firm for political reasons soo

like

You are a tool

likefunnyupliftingsmarthelpful
Recent IconRecent

Because half of Consulting requires you to hit PPMD level to breach 250k or more.

Also, if you're living in a city like NYC or SF it becomes harder for sure with the COL.

like

Maybe now after covid... I was SM at PwC and my salary was $160K with 10 YOE. Bonus brought it closer to 200, but definitely nowhere near 250. Minority here and was definitely underpaid which is why I left to KPMG.

The tone deaf Data Scientist strikes again! Go to therapy already

likesmart

My first job out of MBA with LEK was already a good amount over $250K

like

Hours are generally in line with MBB but much more front-loaded towards the week. I work 12-15 hours the first three days of the week and then 10 or so Thursday and Friday.

We charge clients significantly less than MBB to be sure, but I’ve noticed we’re essentially on par with what I see EYP charge, among other competitors. We have less overhead and run leaner/efficiently/push harder as a firm which is why pay is high. Early partners are paid well here.

The only roles here that I would say are paid less than MBB are A1s, A2s, and very senior partners. Every other role we pay better.

I was a director over payroll consultants for hcm implementations, last year in that line of business was 2020.
Aside from legal and c-suite, I can count on one hand the number of salaries I saw over 200k.

like

Right….

Well, is this in reference to an individuals salary or HHI?

From the individual standpoint, I can see how people don’t, there aren’t many positions out there paying that much without dedicating a lot of time to their career and some people just don’t want that.

As for HHI, yeah it doesn’t make sense to me, assuming that it is not a single income household.

like

I’ve always wondered this, apart from big tech/medicine/law/entrepreneurs I rarely see people even think they’ll ever touch $250k a year yet I know people that have worked jobs for 15+ yrs at places I’ve interned and they haven’t came even close to $150k.

like

Hurr Durr

like

In a non-strategy role it would likely take no less than 8 years. Most people don’t stay in consulting that long.

You join with Accenture 🙃

Doesn't entry level Accenture start at like 100k now?

In a T1 city, probably. Varies by group and geography.

Related Posts

Job offer extended but now some red flags… I was extended an offer today with a pay raise and great benefits. It’s in a field that interests me more but, now some red flags have come up. They voided my offer after asking for time off way in advance in December of this year & the pay that was discussed on the phone is different from my offer letter. I asked the recruiter to clarify and she said I must’ve not heard her correctly on the phone. I’m not having second thoughts… I was excited.

like

Senior Backend Engineer @ Better
Full-time, On-site (New York)/New York, NY
$150k - $220k
5+ years of experience in coding in at least one of these: Python, Golang, C++, Node.js
3+ years of experience contributing to the architecture and design of new and existing systems (architecture, design patterns, reliability, and scaling)
Familiar with Git, Docker, CI/CD, unit testing, agile development. Proficient in Golang and AWS services.

DM FOR DIRECT REFERRAL

like

3.7 GPA top 20 undergrad
2+ Transaction advisory service
Aiming for 750 GMAT
Asian
How should I build my profile for the next two years for MBA? And what’s the chance for me to get into top 7?

like

I know I’m not the only one burned out on insurance. Has anyone thought of moving into a different career? If so, what?

likesmart

Hey Fish-folk,
Is it a good idea to leave a Developer role to join DevOps, Cloud Support, Cloud Ops, Technical Solutions Engineer, Cloud Solution Engineer roles in companies like Google, Amazon, Microsoft?
Career and pay wise?
Is the interview process as gruelling as SDE roles?
Could you people please provide some insights?

like

Hi Sharks, I recently got an Offer from Pwc AC for the position of Senior Associate (50% hike from current fixed pay). However this position is 2 levels down from my current position. This makes me feel concerned. In my current position, I work in a capacity of a senior manager (compared to PwC); however in Pwc AC I will be far from any management. My current company is ready to match my CCTC to PwC Fixed; with a retention clause.
YoE: 8, CCTC: 20LPA w/ Fixed~17LPA

like

Hey all, what’s the typical salary range for a senior strategy analyst with 2.5 YOE in Seattle? Non-FAANG, tech company.
I have an offer for $100k - no bonus which seems lower than what I was hoping for. Is $120k - $130k doable? Thanks in advance!!

like

Hi Fishes got an offer can someone tell me what monthly in-hand salary can i expect.

Post Photo

Hi fishes i gave an infosys interview on 12 Nov 2022 for the role system engineer with 1.7 YOE and interview was easy answered confidetly. My CCTC: 8 LPA and ECTC : 10 LPA( INFOSYS) will Infosys pay ECTC for my 1.7 YOE.
Waiting for your replies sharks please respond.

Any advice on transitioning from big4 strategy/ops trans to MBB strategy without an MBA?

I could use some guidance on how to transition out of firm life into a government role. Prior to law: four years working for a state and a city, and four years before that worked at a consulting agency strictly serving government agencies and cities/counties. You’d think this would parlay well into the government roles I am applying for, but so far no dice. I’m entering my fourth year practicing as a lawyer. I love admin law, have some litigation and some transaction work as a lawyer. Thanks!

like

Who is hiring producers 🙂

like

I recently joined company A on an H1b. Because of the immigration team's mistakes, we had to re-file and it took almost 4months for me to join from the date of the offer. As this was getting dragged on, I interviewed at two companies (let's call them Company B and C). After I started at company A, I received offers from both of them with 30% more TC. If I accept one of these offers, that H1b transfer will take another 2months. Will resigning from A burn the bridges? How should I handle this?

likesmart

Hey Fishes,

May i get referrals for IIB Developer/ WMQ/ Message Broker.
YEO: 3.5
Tools & Technologies: DB Visualiser, Postman, Soap UI, Esql, Sql, Jenkins, Github, Service Now, Putty, Winscp.

I can compensate for the referral.

Hi everyone, I'm comparing two offers from Accenture and Cognizant. Could you help me figure out some of these questions: 1. At 5 YOE, what kind of package can I expect? Current offers: Accenture (12LPA fixed, 2.5L variable), Cognizant (14.3LPA fixed, 45K variable) 2. Nature of work - What kind of work can I expect from these companies? 3. would I get the opp to use any authoring Tools? 4. Work life balance - which is better? 5. Increments - avg % hike? 6. Culture - which is better?

like

Hey all!
I’m wondering if anyone is interested to consider / explore making a referral. I’m an associate (project manager) at Oliver Wyman in London on our private capital team (leading DDs). Previously worked at a PE fund and for a long time as a development economist in sub Saharan Africa. Degrees from UChicago and LBS. Based in London.

I mainly want to impress that I am not going to embarrass you as a referral.

like

Any suggestions on fields and jobs to apply to as a transitioning teacher? I was thinking about getting my Scrum Master certification but open to learn of other certifications or fields that I should be looking at as a transitioning teacher. All feedback is greatly appreciated!
Thanks!

like

Hello fishes, need 11 likes to dm for referral, please help..

like

I work as a nurse case manager/admissions liaison for an acute rehab unit in Ohio. I am salary and work one weekend a month. I am wondering if there are any other case managers/care managers/ or liaisons that get shift differential on the weekends. Thanks for your help!!

like

I applied to a role at a company and was asked to interview in the next 1-2 weeks. I just saw another role come up with the same company that I’m way more interested in and I also qualify for. How do I explain this to the recruiter, and is there anything I can ask them to do that won’t make me look bad? The interview date has not been set.

like

More Posts

I want to create a data visualization portfolio, but I’m not sure where to begin. I work in urban planning and wanna do more urban analytics kind of stuff. Does anyone have any pointers for me as to where to begin and what all different types of visualizations I should be aiming to include? I’ve used R and Excel for this so far. I’ve done some web mapping using JS as well and use illustrator for my visualizations as well. Thanks!

like

JPMorgan Chase Anyone from JP Morgan here? I need referral for scrum master role.JPMorgan Chase

like

Is there anyone here that works at Bluegreen Corporation aka Bluegreen Vacations, willing to say what the compensation package looks like as an IT Systems Engineer.

A recruiter reached out and I'd like to have an idea if it's worth it before wasting both our time.

This is my 1st post, so if it's in the wrong bowl, feel free to move it. Thanks in advance.

like

Does referal have higher chances of selection? What info is needed to give apart from cv to the person referring?

like

Moving to San Antonio from Austin. Will be In Office 3 days a week near Sea World. Married with a 1 year old and active dog. We love good food and being active... Where should we live? Any other suggestions. As a reference we lived in the 04/Soco area for 6 years.

like

Any thoughts on fifth third banks investment banking arm??

like

Everyone says play the game of politics; make people like you. What are some tips for putting on your game face and making people both below and above you like you, when you may not like them equally?

like

Some fun post:

Have you ever dated your big 4 colleagues?
How was the experience?

like

What’s the best way to meet new people in LA? Just moved here and only know a couple of people. Need advice!

like

If I have to book 20 meetings a month, how many conversations do I need to be having a day ( email, LinkedIn, cold calls, dark social ) with a drop out rate at 20%.

Always remember a listening ear is normally a gossiping mouth in education.

Post Photo
like

Does Paytm consider counter offer from service based companies?

like

I just finished my 22 year! 15 years teaching third grade and the last 6 being the 4 -12 grade librarian in our small district ❤️ I have a 15 year old, two 18 year olds , a 21 and 23 year old!

like

Anyone in The Bay Area that knows of any career openings in Commercial Banking Portfolio Management that I can refer a friend to? Feel free to DM me if you can help 🙏

like

Any experienced nurse practitioners in NYC area looking for a hospital based NP position in Manhattan, DM me. Pay from 130-150 ish. Great benefits

like

Does IBM still provide wfh assets via IBM bond, I joined last week only,let me know the process pls.

like

Do you have M1, M2 and M3 banda for @EY India?

like

Any recs for Subaru Outback mechanic ? Went to Schomp for quote on trailer hitch installation and seemed way too high

like

Additional Posts in Consulting

Wonder what the new name will be for Facebook. Might not be able to call the FAANG anymore, might end up being BAANG....

funnylike

I have the green choice sign on my door and my room was not cleaned, but the free bottle of water in my room is unopened when I swear I drank half of it this morning before I left 🤔

like

Currently a C at Deloitte (3.5 years since graduated UG) in my promotion year to SC. Being reached out to for project manager role at slalom. Would this be a good step up? Or stay put?

like

How do I find a lawyer for some disagreement with a previous employer? Haven't used an attorney before so basically don't know where to start. Thanks!

like

Fishbowl community, you complete me ❤️

like

Best consulting firms for strategy in the US besides the big 4 and MBB?

like

Hours real talk. I've always been very "bill what I work" so that means light weeks I'm destroying my own utilization/billing initiatives instead. Meanwhile peers bill 40-45 regardless. Am I an idiot?

like

What do people think of Oliver Wyman?

What is their peer group, where do they stand in it?

What are they known for/good at externally?

How is culture? Is it a good place to work?

Would you join/not join them? Why/why not?

like

Everyone is praising Obama for how good of a person he is, how he makes them feel all warm & fuzzy inside...while I am over here wondering how he took our debt from $10 trillion to $20 trillion...

like

Booz Allen Singapore office is closing. Riyadh has downsized. Abu Dhabi laid off all cyber employees. Are Dubai and Lebanon next?
How does this fare for the firm’s commercial and Intl ambitions?

likefunny

What are first year consultants making at Accenture?

like

Is it safe to hide the fact that I was part of a group layoff and say instead that I chose to leave? Can recruiters find out the truth from my former employer and hurt my chances?

like

Is there anyone who’s experienced helping their parents get health insurance? Specifically, they aren’t eligible for Medicare, make too little to qualify for ACA subsidies, and cannot get employer-provided insurance. Only option is to pay standard premiums - and if that ultimately is the case, fine. Not trying to find loopholes, but given their low-income, would be nice to know if there are programs I’m not finding in my rsch.

like

S& 🐠 what are the different groups within Enterprise Strategy & Value? What is your opinion on the different domains? Are some stronger than others?

like

Need to lose weight fast. Motivation is lacking. I realize I need to eat way better. Pro tips? Side note - I'm a vegetarian so all meat diet is out. I can low carb but find myself struggling post 5pm

like

What are your top book recommendations? I’m genre neutral.

like

Single parent here, have teenage kids(14 and 17) at home. Any experience with live in Au Pair or Nanny, any pointers on finding good ones

like

Applied for a role at big4 via a recruiter and he said I can’t apply for any roles direct to this company for the next 6 months - is this normal?

like

Anyone ever wanna throw in the towel, buy a ranch and dissapear? Feeling like that right now...

like

What other jobs pay well other than consulting and PE? Heading to MBA in the fall and thinking about paying back all that sweet, sweet debt.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal