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Hello All, I have been selected in the interview at NTT DATA and also submitted documents as requested by Recruiting HR. However , it's been a 10 days after docs submission but haven't received any call from HR for salary negotiation. On email follow up with HR, he said he is on it and will come back to me soon for further process. Any views.NTT DATA
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Bain & Company Hello, I received an offer as a Senior Practice Manager at Bain. The profit sharing range is 0-12% in the offer letter. Is it typical to receive the midpoint (6%)? Also, what do the annual salary increases typically look like? Any insights are much appreciated. Bain & Company Boston Consulting Group McKinsey & Company
McKinsey & Company Hi everyone. Hope all is well.
Recently took the McKinsey & Company game (not sure if I have an interview yet but preparing nonetheless). It’s an entry level business analyst position and an entry level digital position and was wondering if anyone wanted to case prep with me. I’m willing to work on anyones time zone. (I’m located in Sydney, Australia).
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Continuing the trend, both responses kinda right, but a few inaccurate statements.
Let’s assume you join as an MBA. If you join pre-MBA then add 2 yrs to the BCG timeline and 2.5-3 to Bain (getting from undergrad entry level to MBA entry level takes 0.5-1 yr longer at Bain).
At both Bain and BCG the “standard” time to equity partner is 8 yrs.
BCG: 2 C, 2 PL, 2 Pr, 2 Pt
Bain: 2 C, 1 M, 2.5 SM, 2.5 AP
I don’t know about the real world average at BCG, but at Bain it is more like 7.5 yrs, typically by cutting 0.5 yrs from C->SM or from SM->AP. I’d guess that at BCG it’s similar.
So actually, Bain AP is slightly more experienced, and slightly closer to equity partner. In practice, as a brand new AP you probably play a very similar role to Principals on a case team, as a more tenured AP you will play a very similar role to a BCG Partner
In terms of comp:
- I have the side by side for target performers compiled from my friend group. You’ll make slightly more as a Bain AP than a BCG Partner. But there is a higher weighting to profit share, so in a down year like this one you’ll probably make less
- A BCG MDP does not make meaningfully more than Bain/McK Partner. Ultimately the 3 firms have extremely similar models and economics. There can’t be a meaningful difference in total profit pool, only in how the firms distribute it. BCG has a relatively shallower comp curve for equity partners, distribution to new MDPs is slightly higher, with distribution to senior MDPs relatively less. McK is the opposite, Bain somewhere in the middle.
North America here, happy to discuss numbers I have for here. Comp delta will be a bit different in other markets. E.g. other ones I know: UK dynamics quite similar to NA, Nordics a bit different and I know Bain comp lags a bit at AP there.
On partner/MDP comp - working off small number of data points isn’t a great way to do it, as like I said it’s a profit pool distribution question. I can easily see a 10% delta though based on the distribution patterns I described above. Also got to remember BCG is great at making the MDP package look higher than it is, as a good friend found out to his surprise when working out how much cash he actually took home in his first year as a newly minted MDP!
Interested to hear what the shortest times are at BCG. MBA hire to P, shortest realistically is 5 years. That’s very rare though, 5.5 is not uncommon and a consistent good (but not star) performer will normally target 7.
My understanding is that Bain AP is a bit more senior, and straddles BCG Principal and non-equity Partner. Caveat that Bain normative progression timeline is longer. Bain AP->P promotion is similar to BCG Partner->MDP promotion.
Post-MBA or direct promote example (could be shorter than this):
Consultant: 2 years
Manager: 0.5-1 year (automatic click-up from C in North America)
Senior Manager (M-SM is highly evaluative promotion point): 2.5 years
Associate Partner: 2-3 years (with meaningful variance)
Bain 1 is kinda correct but there is some nuance to it.
I’d say the AP role is closer to Principal - though not the same - than it is to Partner BUT comp wise AP comp is actually similar to the Principal comp not Partner comp (source: I made more as in my first year as Principal than my friends did as AP and we were all doing well).
Bain 1, keep me honest here, I think the timelines from AP to Partner is about 3 years on the average. Principal to MDP here is about 3-5 years with the typical/ median being 4
Lastly, Bain and Mck Partner total comp is closer to, but meaningfully more than, BCG Partner comp. It is meaningful less than BCG MDP comp. Again this was something I’d researched on quite extensively when I was approached by Bain to move as AP with tenure.
One last point, I think Bain is more forgiving of the timelines than us for up or out. That means AP to Partner can be significantly more than 3 years - perhaps 4 or even 5. Here we are a bit more strict Pr to MDP is rarely more than 5
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