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I nominate this to be in that thread about annoying humble brags
I'm 28 and don't even make that and I have an MBA.
Everything is relative. There are always people who work harder and make less than you do. Putting a blanket statement over what people can/can't complain about is ridiculous.
S& are way overpaid.
Most people made decisions going back to HS that led them to college. Decisions to study or party, easier vs harder majors, choices on where to work, etc.
Most people from my HS screwed around with drugs, didn't do their work, study and many ended up with kids before 20, didn't go to or finish college, etc.
Those decisions matter
(1) I don't know where you got that figure from, but I guarantee you MOST people on this app aren't making $120K at 26 without an MBA. (2) we work harder and longer hours than most of America, so I don't agree with your statement there (3) we all worked hard to be where we're at today. Do you even MECE brah? Just because other people may work hard and not have it as good as us doesn't mean we don't deserve what we have. (4) most of us are away from family 4 days a week, you want to tell me that's not worth any extra income?
^you are 24, which means you are a BA, which means I know roughly what your salary is and also know that you do not make "significantly more than 120k".
lol majority of people don't work nearly as hard as us...dude you're at client sites and can see with your own eyes they arrive after you and leave before you.
Relatively we are all fortunate. That said, there is a difference between working hard and working smart.
I fundamentally disagree with this. Work life balance is a personal assessment, not something that can be compared across people. I make significantly more than 120k and I'm 24 and struggle with my work life balance and fuck you I will not eat a dick
Even if you do not quite hit that figure, life is great. I came from an immigrant family that made much less than the US national average for about a decade; these days, I feel quite privileged where I sit. 99.9% of people do not get the chances that we get.
120k is the starting salary for my friends working in tech at age 22 without speaking fluent English
And tech people get jobs at Google out of undergrad working half our hours and making more than MBA hires with SIGNIFICANTLY faster salary progression and more exit opps. There's also tons of business owners that work 4 hours a week and make our salary in a month. Tired of this circle jerk that consultants have such a high powered, impressive career...
I don't make anywhere near that. ☹️
The error in logic S&1 is that people who complain don't feel privileged. They're not mutually exclusive. That said, yes, we all complain about very inconsequential things sometimes.
Couldn't M1 have started at 21? Not sure how you all do comp, but three years out at bcg you're making post MBA money, which means there's plenty of 24 year olds making "significantly more than 120k"
Our industry is different than most in that we can directly quantify our worth. A new analyst out of college who is making 75k and approx 90k with total benefits comp, can generate more than 3 times their salary in billings.
By 26 at senior consultant, if a consultant is making 120k there is a good chance they are generating 350k in billings or more.
All that being said, at mck it is fairly common for BAs in their second full year to make >$120k dependent on ratings. And those who leave for PE at 24/25/26yrs old will be making $200-300k+
Bcg1-- if M1 is a 3rd year and has been rated distinctive in every ratings cycle, he or she would have comp similar to a first year ASC and could at the end of this year (2017) pull in something closer to 200k than 120k if he or she maintains that rating. Needless to say, there are a number of ifs and assumes a certain rating at the end of this year. Last year if he or she was a 2nd year BA perhaps could've pulled in ~$140k at best..
For the record - I'm totally fine for all of us to make a boat load of money. All the time fine. I'm tired of the whining, shitty little hissy fits when we have to work past 8pm, or have to clock 60+ hours, or occasionally work weekends. I'm also sick of the "well I worked 60hours, why can't I bill 60hours?" ....cause the firm has stupid rules. Bill 40 and move on. Or whatever you were budgeted for.