{ "media_type": "text", "post_content": "Please help my non-MBB self understand this, everyone keeps saying MBB has set salaries for each level, how does this work if everyone is coming in at different salaries? Is it worth the pay cut?", "post_id": "5b4cd62be8f600001394880c", "reply_count": 8, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Please help my non-MBB self understand this, everyone keeps saying MBB has set salaries for each level, how does this work if everyone is coming in at different salaries? Is it worth the pay cut?

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There are no geographical variances for COL. The logic is as follows: - The starting salary is high enough that it’s good even in NY/SF ($150K for a post-MBA consultant when I started) - It’s harder to get new consultants to move to places like Atlanta and Dallas than NY or SF. The standard salary creates an incentive to pick the offices in cheaper cities.

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^ this applies for BCG too

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^and McK.

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Depends if it’s a cut or a raise. Plus our bonus structure is generally higher

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You take the pre-set salary for the title that you’d be entering at. Bonus & benefits are usually better at MBB. Whether it’s worth it depends on the person and what drives their decision making.

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I never understood CoL adjustments. It's all supply and demand right? The reason CoL is high in NYC is because there is super high demand to live there, so prices are high. CoL should regulate the market so the population is more or less indifferent between cities.

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@PL1 On top of that, how does it work across geographical variances in COL.

Thank you

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