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Hi Fishes,
What would be my in-hand salary?
TIA
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There’s at least 600k consultants in US and considering 20% turnover, would need 120K a year to just maintain. Assuming 20 candidates a job but also assuming you apply to 4 places on avg (not right math but good approx) that means at least 500k people apply in the US alone.
Worldwide, each year? Depends on what is considered an application. Resume drop through LinkedIn, Indeed, etc? Ops and delivery jobs? Call centers, offshore? I'd venture to say far more.
Deloitte is still harder to get into than Harvard
Yeah let me clarify - serious candidates who are preparing for the interview, will apply directly to at least 1 management consulting firm
B1- op said ‘management consultants”, not consultants. assuming only entry hire scenarios into mbb, plus small % from Big 4 and some boutiques, think an entry class would be <75k in the US. Extrapolate it to the world, it would maybe go 8x to 500k. Apply a success rate of 25%, total “interested applicants” globally would be 2m
McK hires 1% of applicants. If McK hires ~3k people per year into consulting roles (just guessing), that would suggest McK alone is getting ~300k applicants per year.
This is why market sizing interview questions are stupid.
75k? Lol.
Try 10k in the USA. Maybe even less