How is Federal Consulting comp?
Anyone know what comp is like in the public sector? Is it at all similar to consultants for the private sector?
Thanks!
Anyone know what comp is like in the public sector? Is it at all similar to consultants for the private sector?
Thanks!
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Typically less but way better hours. Much less travel.
Depending on the rank/value of your school, assuming you went to a top 50 but not super high school (i.e. ivies), and assuming you're going to Booz/Accenture/Deloitte, around $77k starting with forecasted 40 hour work weeks.
Is the comp progression similar to the private sector?
About. But in federal, there are less opps to have a substantial impact on projects imo. So, especially for your first few promotions, it's based off of being there for 1/1.5 year chunks. In both fed and private, the higher you go up, the harder it gets. For instance, in private and esp strategy, you can make the Top 10% of analysts by finding ways to enhance efficiency, increase revenues, etc. In fed, it's mostly operations and segmentation, so the contracts have rigid deliverables generally based on technology implementations. So, the "ceiling" for analysts is pretty set, because almost everyone gets the first few promotions within about a year's time based on being there and not completely screwing things up. There are very few ways to be the "top" in fed as an analyst/associate/first few years, because when you think about it, how can you be stellar when most of your tasks are operational (i.e. data input, deck creation, etc.). In private, especially MBB, there are more opps to showcase your progression and creativity. The private clients ask, for instance, to increase profit margins by ~XX%, while fed client ask, for instance, to increase efficiency by implementing a new technology system. The private project will be shorter and essentially mandate more creativity/business savvy performance, while the fed project will be longer and essentially mandate more tech implementation /operational work. And yes, analysts in consulting tend to get stuck with operational tasks, but the scope in fed is almost all operational activities. That is partly why it is so difficult to move from fed to private.
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