My MBA friends who are sponsored by Deloitte S&O all got their offer information today—$140K base, $25K signing, $20K early signing, $10K relocation (or $2.5K if local), and variable performance bonus (edit: up to 22%, not 25%).
Management Consulted had $149K base for 2017 and $147K for 2016 though. Anyone know what's going on here? Is Management Consulted just wrong, or did Deloitte really lower the base salary for 2018? The only other change is early signing bonus up to $20K from $17.5K.
This info is across schools and US offices by the way (it's all the same).
edit: Management Consulted was just wrong, and they corrected the 2017 numbers after I asked about them.
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I'm having a hard time believing base pay was lowered 9K. If business was slow I would expect D to extend fewer offers rather than lower base pay. I'll be interested to see what other reports come in.
I think the offer information on Management Consulted has just been historically wrong for at least 2016 and 2017. I've seen the 2018 offer document and it's indeed what I posted above, except max performance bonus is 22%, not 25%. I can confirm 2017 base is also $140K, not $149K.
Makes me question every other salary data point on Management Consulted...
My firm's salaries are pretty in-line with MC this year (T-2 strat house) but historically have been pretty far off the mark. Not sure where they get their data from....
Not sure why Deloitte doesn't match / get closer to MBB salaries. It seems that Accenture / ATK are doing it and it's causing Deloitte to fall in compensation.
Do they actually though? I don't trust any of the numbers on that site anymore
Depends on how the partnership wants to extract money. Paying higher salaries means less money for the partners or other investments. MBB needs to pay the most because they have to boast with having the best people and toughest problems. Deloitte doesn't have to do so as they do different work or they know they'll lose anyway against MBB even if compensation matches.
ATK internally thinks or used to think they can play with MBB hence why their salaries are high. Accenture is starting up their consulting arm and is in high need of reasonable talent, hence why they pay the mark up. Deloitte has a solid base from the 2000s and doesn't have a similar need for rapid scale up.
Not sure what you are talking about. ATK competes well with MBB for Operations Strategy work which is becoming an increasingly important business segment for the pure players. And Accenture Strategy has been around for years. Several years ago, they just separated Strategy's P&L from the broader Management Consultant practice to give the Strategy leaders more control but not much else changed.
The salary figures on transparentcareer are more accurate (formerly transparent MBA). That site indicates the 140 range to be correct.
Is this for DC Analysts who are getting sponsored to go to B School?
Or MBA Summers coming back to DC after finishing their MBAs? I ask because OP mentioned the word "sponsored".
Or is it because if you accept summer return offer at DC, they "sponsor" the 2nd year of B School?
In an interesting turn, ManagementConsulted.com has now changed their salary for Deloitte S&O to $140k.
https://managementconsulted.com/consulting-salaries/2017-management-con…
Bump.
Anyone have 2019 numbers? Curious to know if Deloitte finally raised above $140k now that MBB/Tier 2 are $150k-$165k.
https://www.wallstreetoasis.com/forums/management-consulted-2019-salari…
Base was increased to $150k, but they reduced the sign-on bonus from $25k to $15k. Early sign-on bonus of $17.5k stayed the same.
So basically comp stayed the same?
$140k to $150k base
$25k to $15k signing bonus
Net gain = $0
Why is D shortchanging their talent?
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