I see a fundamental issue with consultant salary/role expectations when exiting. What do you expect when exiting MBB after 3, 5, 7 years post MBA? What's your target (VC, IB, FAANG etc.)?

like
Posting as :
works at
You are currently posting as works at

With a top MBA (I.e HSW) and 5-7 years of MBB, >$4-500K total comp average. PE/VC target.

like

Staying in consulting will pay more in most cases if you are a partner. Industry jobs won’t hand out millions like MBB does to it’s partners

like

400k sounds about right for 7 year mark. I doubt the distribution mean for a 5 year mark is anywhere close to that though. The discussion was less about what consultancies pay, but rather about expectations from the industry. I feel many consultants start looking for opportunities with inflated expectations.

like

@Consultancy OP, yeah I meant exiting into PE/VC, I would expect $400-500K at least. Was just using associate partner pay as benchmark. What do you think people are expecting. I think you are mistaking goals for realistic expectations I.e. I feel that I am entitled to $500K no matter what after 7 years of MBB after HSW with a PE exit. My goal, however, is to make at least 2x to 10x as much in an exec role, either at an established giant or running my own thing.

like

No. But targeting VP for 7 years out is (for the size of organization where VP salaries are in that range).

like

I’m not sure what fundamental issue you see? Three years post MBA is a PL/EM, five and seven years would typically both be an P/AP exit (assuming most people don’t exit the partnership year 1 or 2). People of that tenure leave all the time for different things

Which according to this should be about right if you filter by HSW MBA: https://www.glassdoor.ca/Salary/McKinsey-and-Company-Associate-Partner-US-Salaries-EJI_IE2893.0,20_KO21,38_IL.39,41_IN1.htm

@S1 Maybe PE/VC salaries are that high. Don't forget many exits are corporate. I would be very surprised if at 7 year mark people exiting make that much, on average, across the board. Would love to hear from others.

I don’t know of a lot of folks that leave for a pay cut. But $500K isn’t unreasonable for a VP in the corporate world

Related Posts

Exit opportunities for a SM in Oracle Cloud practice at B4/ACN?

like

Hi Bowl, wanted to know do Big 4 sponsor visa for international postgraduate students in UK? Asking on behalf of one of my friend who completed her MBA from Lancaster University UK and is currently struggling to find sponsorship jobs.

like

Anyone know salary range for 3-5 year associate in employment law in Denver? Mid to big law.

like

Can anyone please weigh in on base salary and bonus structure for Strategy& director level role? Also is the path to partnership similar across S& and PwC? TIA!

like

Specialist at McKinsey. What role is that equivalent to? Consultant?

like

Hey guys - I work at FAANG right now, and planned on an mba in the next 2-3 years. Have an opportunity with McKinsey as a consultant. Always wanted to work there, but only for a short stint - feel like it will 1) boost my overall profile for an mba application 2) give me the experience I’m looking for before mba because post mba I’d like to focus on my own venture. Also folks at McKinsey - would love to hear what conditions there are for getting an mba sponsored at the firm. Thanks!

like

I’ve been asked to interview an engineer for a role at my company. They’ve already had an interview with the hiring manager so what questions should I be asking? I’ve never interviewed an engineer before

like

How is the financial services consulting different across MBB? In terms of service offerings, areas of focus, culture

likehelpful

Does PWC sponsor employees for MBA ?

like

What was your salary when you bought your first house and how much did you spend? Trying to determine if my significant other and I are stretching

like

I was laid off 6 weeks ago and I'm freaking out! Who is hiring in LA?

like

Fuqua or Ross for NYC MBB offices

like

In my first year of big law and hours at my sweat shop firm are already getting to me. Recently got an email from a recruiter promoting a fully remote lit associate position with a 1600 hrs reqmt at a less than 50 atty law firm and essentially what is old Cravath scale pay. Does anyone have experience with a move like this? Too good to be true? I was under the impression that positions with low billables for big law (or close to big law) pay don’t really exist…

likehelpful

Thinking of going on a sabbatical and using the time to dust off resume, get certs and find a new position.Anyone else recommend this? Currently being distracted by billable work that adds 0 to resume

like

Hello people, Looking for an opportunity in Credit risk/Risk advisory/consulting / Rating domain of large corporates. Having had over 2 years of experience in credit rating of large corporates across segments (BFSI, Retail, Consumer goods, Trading, Auto /Defence ancillary etc) post MBA finance. Kindly assist/guide me for the same. Thank you very much.

like

I need advice, If I have a lot of learning opportunities in my current company and I am happy with work (rarely extend 8 hrs), should consider switching for salary? I am earning 10.5 fixed with 5 YOE.

likesmart

Interviewing for a role at BP, what are they like as a firm to work at? It’d be the commercial/strategy side of the business rather than production. I understand they went thru a major re-org to be relevant for the future energy industry. How’s that going?

like

Those who want to join FAANG: don’t you think that the upward mobility is limited? Thousands of super ambitious MBB background people with top credentials joined these firms over the last decade.

like

As someone who enjoyed being in a trading role prior to consulting, would you move back? Not sure what the comp would be for a muni bond trader, or if the position is becoming outdated, but trading always excited me.

like

Additional Posts

I know we're all out for calling out asshole men. But what about abusive women? It makes me sick to see ladies stomping on ladies. Anyone else?

like

Does anyone see their target promotion date updated in RPM or is it still blank?

like

What's the general thought on 'Network Engineers' in the tech industry. They are not certified engineers but can go through tough certification examinations for credentials. I was in an argument at work today about the need for network professionals and the technicality of their role and would like to ask the audience.

like

Who here has gotten into a top 5 b-school from Big 4?

like

WFH is getting my dogs in the best shape of their lives 😂

like

What is the best way to learn about different roles in FAANG? I was a MBB consultant in India. I am in the US now with a AI products company. I work well on the intersection of technology and business. I have conceptualised and deployed multiple enterprise products over the last 2 years. I am looking to move to a bigger organization now. However I don't want to get into corporate strategy roles. What are some other roles that could be a good fit for me?

like

Offered a senior role, Corp Strategy position at a startup in Toronto. Base: $120k, Bonus: up to 20-30%. Have 1.5-2 YOE. Can anyone assess if this is a competitive package?

like

Any one from 'themathcompany' or have experienced interview process with this company? I need to know some specific point, will reach via DM.

like

Just got promoted! What salary can we expect as new Manager 1’s? High cost of living area - Advisory PI

like

Is a cover letter necessary when applying to Google with a referral?

like

Planning a bridal shower / bachelorette party weekend for my elder sister (she’s 28). She wants to have it in NYC, which is where she and I live. I’m thinking bridal shower at Union Square Cafe or some other fancy restaurant Saturday morning, bachelorette party Saturday night (but no idea where), and then casual goodbye brunch at my parent’s place on Sunday AM. Her friends would fly in Friday or Saturday morning. Have never done this so need all the advice / suggestions! Thank you!

like

Quick question: is a GBP 100 000p.a salary at a FAANG a good salary when considering London? I would be emigrating. 7.5YOE leaving MBB as a female; and suffered growth set backs many times.

like

Are any agencies doing Q2 layoffs? It’s been quiet, hopefully that’s a good sign

likesmart

Does the CFA open doors for you in a similar way to an MBA? Or is it fair to say an MBA gives you much wider breadth in career possibilities

like

Best consulting firms with best WLB? Do they exist? Young professional starting to think about where I'd like to work hard to end up in the next 5-10 years.

like

Immigration-need to do a FBI background check for USA stay for Australia PR. Any idea what details gets pulled through? Other than minor traffic tickets I don’t have anything else. No sarcasm please.

likehelpful

How to approach my team to refer me as (they/them) and not assume my gender?

like

What is the minimum type of exit offer would consider taking? (Company, Group, Salary, Position). Essentially what tips the balance towards leaving your current job?

like

If I have to stay in my role for another 2 months before I can move, is there any point in applying to jobs right now?

like

Remember the pilot episode of The Office when Michael calls Pam into his office and pretends to fire her? That happened to me today.... BUT I GOT A RAISE AT THE END.

likefunnyuplifting

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.