Booz Allen Compensation
I work at a small consulting firm - approx. 200-250 employees.
I was told that the compensation package had been developed to mirror our "competitors". While BoozA is a much larger firm, they have been described as the type of firm we are aiming to become.
Bottom line: What is the typical base/bonus compensation for a 1st, 2nd, 3rd, etc. year analyst.
I'd appreciate any insight, after I will be glad to share the laughable comp package that my firms claims mirrors BoozA.
Booz Allen Hamilton Compensation
MBB,
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Booz Allen Hamilton Compensation | ||||
---|---|---|---|---|
2nd Year analyst | Base: 83.5 k | Bonus: n/a | Total Compensation: 83.5k | |
1st year associate | Base: 102.3k | Bonus: 8.0k | Total Compensation: 110.3 | |
3rd year associate | Base: 123.5 | Bonus: 3.0 | Total Compensation: 126.5 |
from certified user @smuguy97"
Third year comp has gotten more competitive in recent years.
In particular, third years at Bain (SACs) get $85K base and ~$30K bonus (not including b-school or other offers). So the $120K figure isn't too far off, and assuming a performance rating of 1 (1.5x target bonus) or 2 (1.3x target bonus), the $140K figure seems reasonable as well.
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Booz is in line with the other major firms (MBB).
1st- 60, 15-25 signing+10annual+10% retirement 2nd- 65-70, ~15annual 3rd- 70-80, ~20annual
This is for the NY office, and the signing bonus variability is due to 10k signing + 5-15k relo which is variable based on distance to NY.
That's way below EU then: 85 base, 20 bonus, 15 ret., firm car (e.g., BMW 320) all in USD; migh tbe related to weak USD though
For analysts???
wait, i am pretty certain 3rd year analyst all-in at MBB is north of 140K...
Umm.... are you guys kidding?? This isn't IB, salary jumps are like 10k a year (depending on performance) and the bonus is anywhere from 10-30% depending on performance/economic conditions.
hmm... i talked to a few 3rd years and looked at an internal presentation on the 3rd year option. i think it was definitely north of 120K and "upto" 140K.
Third year comp has gotten more competitive in recent years.
In particular, third years at Bain (SACs) get $85K base and ~$30K bonus (not including b-school or other offers). So the $120K figure isn't too far off, and assuming a performance rating of 1 (1.5x target bonus) or 2 (1.3x target bonus), the $140K figure seems reasonable as well.
Hmm yeah it could be I guess, I'm not too familiar with 3rd year comp. smuguy, do you have any info on the bill rates for ACs/SACs?
I'm not too familiar with the current bill rates, but I do recall that SACs are billed to clients at the same rate as first-year consultants (post-MBA).
I am almost certain that a third year analyst at MBB is given post-mba dollars.
The 3rd year is in many cases a direct prom. to the post-mba level, hence the post mba dollars. I say that not knowing the breakdown base/bonus.
Back to Booz Allen: I am interested in firms specifically within that bracket, presumably excluding the MBB. Base is 60+ depending on 1st, 2nd years etc. and the bonus package sounds like it is 10%+ possibly up to a MAX of 30%?
Any chance of 30% bonus?
Does this sounds about right? Any other thoughts on other similarly positioned firms?
Booz Allen Bill Rates? Anyone?
What are the common conventions, if any, between bill rates and compensation? Thoughts?
Most of the pre-MBA programs are structured as three-year stints now, so comp for a third-year is generally close, but not quite, to the level of a first-year post MBA.
Bump. I realize this post in ancient--but I was wondering what the associate (post MBA) comp is like at these firms. Anyone know?
At MBB
about 135K base, 25-60K bonus (depending on performance) and roughly 10% 401K.
may i ask what year/level this is for? and what year (i.e. pre or post recession). thanks.
Bump. Second try--really no one knows?
sorry - my guess is as good as yours
Before I comment on comp structures - here's my question - is the MBB model 2 years and then you HAVE to go to Bschool - like that's just the analyst program.
As for billing models, in my experience of looking at bill models, compensation was ~ about 1/5 - 1/8 of bill standard bill rate depending on level - if you're going straight dollar for dollar and just multiplying a bill rate by 2000. I don't know about MBB, but most firms discount their projects pretty severely from standard bill.
Depends a bit on which of the MBB you're talking about.
At McKinsey + BCG - the default model is come for two years, then leave to do something else. B-school is the most common next step. If you're good, the firm will offer to sponsor you for b-school (they pay, you're required to come back for 2-3 years after). If you're really good (and want to stay), the firm might keep you around as a third year associate (I believe this is done with the plan that you'd go straight to the post b-school rank afterwards... can someone confirm?).
At Bain, things are similar, except a far greater number of ACs (analysts) stay for a third year, then go on to do whatever. The third year often includes an "externship" (usually at a client firm or nonprofit) or a temp transfer to an office abroad.
So 25 year olds are regularly earning 110k in comp (bonus + salary)? It seems a little high for a non finance role. I could maybe see perhaps top 10% but even that seems a little high no?
No it isn't high, welcome to the world outside Deloitte
dude, look. you're asking people for numbers, we're giving them to you. You have no way to ascertain that I work at MBB, because I'm sure not going to send you my offer letter, but these are the facts - if you stay on at post-mba comp at at least mcK and BCG, not sure about Bain, you'll be making around 120-150 a year - yes, as a 25 year old.
I can back this up. At 25 (4th year) I'm expecting to be on significantly more than 150.
good to know - thanks. i wasn't trying to come off as argumentative.
Bain 3rd year is definitely $100k+
Deloitte post-mba pays almost exactly the same as mbb. In fact Accenture has the highest base salary of any of them.
Figures? In EMEA this is certainly not true at all, and I see no reason why it would be different in the US.
Haven't you guys ever heard of glassdoor.com? Check them out for salary info.
Yeah, but most of the data is wrong.
Yeah, and this board is the fucking gold standard of accuracy.
Hear me saying otherwise?
PorcineAviation, in your experience, how are the consulting comp in Glassdoor.com wrong and by how much?
First hand info here. MBB post-MBA/other advanced degree, post-recession offer: 120K base, 20K sign-on bonus, 20-60K year end performance based bonus, and around 10K to cover moving. This should have decently fast upward trajectory so that if you make it make it to a third year your base pay should be >200K, however compensation at that level is much more variable.
@HeHateMe - do you agree with the above post of 120-150 for 3rd years seeing how MBA's are 140-180?
i can't speak for my entire firm but in my group, here are the all-in comps:
-1st years: 85-95k (incl. signing bonus) -2nd years: 100-115k -3rd years: 120-135k
these are post-recession numbers. i don't know any third years that made over 150k. and fyi, my firm is definitely considered to be among the generous when it comes to comp
Glass door is a joke, and the posts on this thread are not much better. The BEST places to check is the Career center reports of the ivy league schools... They are all free and available on the internet. They list sign-on, and base, and some times even expected bonus.
To answer an above question Post-MBA MBB starting base is $120k with a $20k sign-on + bonus
Deloitte and Accenture post MBA strategy offers were 125k+ with 30k+ signing bonus post recession.
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