How does consulting salary compare to similar roles in law firms?

To simplify, we could compare MBB with respective law firms
(fairly broad question missing many factors - mainly looking to understand general %s)

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Big law makes more, with far worse hours. At partner, mbb probably has worse hours but big law still makes more. There’s a reason one requires another degree and arguably more competitive process (when you take into account law school admissions too).

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MBB from undergrad> Big Law>>>MBB from MBA >>>>>>>>small law

Monetarily^

By the time the lawyer graduates law school, the MBB consultant is making more, with a faster ramp too.

3 years post undergrad is solidly in the 200s for MBB. Same for Law. But you missed out on 3 years of earnings.

4/5 years and you can be an AP, from undergrad, making 350-450. Cravath scale at that time is 255 for a second year associate.

2 years later, you’re an MBB partner making ~1mm, versus a fourth year associate making 370k.

And if you burnout, you take a higher paying exit Opp from MBB. I’d you burn out in Big Law you take a pay cut and stagnate, in house

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Progression should be inferred as relevant to OPs question

Big Law > MBB > Small Law in term is compensation.

If you adjust for interesting work and interesting people, MBB > Big Law IMO.

It’s easier to make MBB partner as a self respecting, whole and happy human being than it is for Big Law.

But still. None of them beat Entrepreneurship and sizable equity share in a fast growing company.

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Big law and its not even close.

Hours are similar to IB tho, and the work is mindnumbingly boring

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