What's the ladder at each consulting firm?
Analyst (Undergrad) => Consultant = > Senior Consultant (MBA) => Manager => Senior Manager => Principal / Director.
Principal E => Principal D => Principal C = > Principal B = > Principal A.
Director should be (not 100% sure on this) => 1,2,3,4,5.
Deloitte also has the specialist route - for its technology folks that don't want to do Project Management and want to simply stay in the system.
Analyst => Specialist => Senior Specialist = > Specialist Master = > Specialist Leader
I know you can't make Principal this route but not sure about Director.
From memory, so I could be off.
McKinsey: Business Analyst -->(MBA) --> Associate (Senior Associate) --> Engagement Manager --> Associate Principal --> Partner --> Director
Bain: Associate Consultant (Senior Associate Consultant) --> (MBA) --> Consultant --> Case Team Leader --> Manager --> Partner
BCG: Associate --> (MBA) --> Consultant --> Project Leader --> Principal --> Partner
(EDITED: Thanks for the corrections)
For McKinsey, the first post-MBA position is Associate, not Consultant. Everything else above is accurate.
Bain is Associate consultant Senior AC (MBA) Consultant (not everyone does CTL) Manager Partner
I know people that are senior associates at McK - that's what it says on their business card.
OW (FS): Consultant --> Partner
so OW only has two positions? consultant and partner ? that's hard to believe.
Yes.
LEK:
Associate --> Associate Consultant --> (MBA) --> Consultant --> Manager --> Partner (technically, the title is VP)
mckinsey has a junior associate, tho i'm not sure what that means..
What are the pay levels for these positions? How about at a firm like Monitor?
Which positions specifically ?
Which positions specifically ?
Preferably all positions on the ladder would be really helpful. I would kind of like to understand comp in this industry/firm.
this is a great thread!
time frame would also be helpful ( i realize all firms and employees are different) say how long from (MBA) --> Consultant --> Manager --> Partner?
Consulting Career Progression (Originally Posted: 07/27/2010)
How long does it typically take to make case team leader/engagement manager after finishing your MBA? How about manager/principal? Partner?
MBA --> EM/Case team leader = 2-3 years
EM/Case team leader ---> Manager/principal- 1-2.5 years
Principal/manager -----> Partner - 3-5 years
Thanks for the insight...I'm surprised that the leap from EM/CTL to Manager/principal can be done in as little as 1 year!
Work hours as you move up the consulting ladder? (Originally Posted: 08/05/2013)
Hi all, Undergrad here curious on how things go as you (hopefully) move up the ladder. I know it starts at around 55-65 hrs/week for analyst consultant right out of undergrad. But what's it like from there, in the senior consultant (after MBA), project leader, etc all the way up to partner?
It generally only increases. You work on the client's schedule and you gain more client interaction/relationship management as you move up.
does it ever get close to banking hours?
It's variable.
55-65 hours would not be a killer week. 70-80 is not unreasonable in the lead up to delivery of a major deliverable. 45-50 (or less) is also to be expected if on the beach without a major proposal to work up.
My experience has been that the team - from Partner down - typically work similar hours in the office. Partners and other seniors probably do more reading/review/prep work at home but face time is all about the same.
Partner's typically have more travel as well, so that's a factor.
Experience's vary though - some partners are a lot more hands on, others are happy to let their juniors own the work and will focus on selling new work (these partners tend to work fewer hours).
I think it sucks all the time if you want to move up.
Wait, so the hours suck MORE as you progress in consulting? Overall, how does the progression of hours compare to IBD? I ask only because I'm between consulting/ibd after bschool
From my impression, the hours get worse as you go up the ranks until you hit Senior Manager, then the "hours" start to decrease slightly. However, Senior Managers/Partners/Directors spend a lot of time thinking about the job outside of working hours, so I think they're under more stress overall.
Actually, I think the hours are the worst as a Senior Manager. There might be an uptick as you go from MBA to Manager but, imo, Partners, on average, work less hours than Sr. Mgrs. They might travel more since it's predominantly a sales job.
Same impression I get. Though I think in terms of pure bitchwork, Project Leaders (who can't/refuse to delegate) have it the worst.
also travel gets 100x worse (or better if you're an addict). 3-4 cities a week is not uncommon. every week.
Hours get worse just as you're in line to get promoted (whether to manager or partner). Partners travel a whole lot more than anyone else. Managers and partners may not work less than analysts, but they do have more control over when they put in their hours (subject to client constraints of course).
Its the travel that kills it
ACN/PWC MC Career Progression & Comp (Originally Posted: 09/25/2012)
I expect that a few of you work in these respective shops, I would like some basic information if you could please. I'm aware that this is highly subjective but I'd like some insight so that I may compare to my current Strat. shop to remain competitive.
I hear the "typical" progressions are
Accenture: Analyst - 2-3yrs $? bonus? Co- 2-3 years $? bonus? (also is this the point where an MBA/advanced degree is expected before proceeding?) M-3-4 years $? from this point my information loses credibility.
Also how do these differ from the Systems Integration side of the house?
Partner to staff ratio?
PwC: Associate- 3 years $? bonus?(2-2.5 in some cases. Also includes newer "exp. associate title") Senior Associate- (3 years) $? (also is this the point where an MBA/advanced degree is expected before proceeding?) Manager-3-4 years $? +new bonus structure Director- ....$? Managing Director...$? Is there a Partner/Principal level on the MC side?
I'm less interested in the compensation than I am with growth and career progression, however a little comp. discussion cant hurt.
Thanks mates
from what I know. (starting at PwC full time next summer)
Associate = 1 yr (65k + 10k signing + year end bonus) Experienced associate = 1 yr (75k + bonus(es)) Senior associate = X yrs ( near 100K and above [salary increasing while SA]
Yes there is a partner/principal on MC side and they can make A LOT more than accounting partners.
What vertical & horizontal would you be aligned to?
Is it for MC? I heard the same amount for Valuation at PwC.
Yes, their advisory practice(s).
Progression/comp structure for PwC: http://goingconcern.com/2011/5/heres-pwcs-new-compensation-structure-in…
Multiples seem to be general guidelines for all lines of service (Audit, Tax, and Advisory). Not sure how closely Advisory follows this.
Consulting Career Path (Originally Posted: 07/21/2013)
What would you guys say the typical career path is for an entry level position at a consulting firm for someone who wanted to eventually become a partner or such?
I didnt really find much through searching
Well, there's no typical path to partner, but if there were, it'd probably go like:
1) 2-3 years A/AC/BA 2) b-school 3) Return or go to new firm 4) Be top notch 5) Partner
But, if someone goes into consulting with their sights already set on becoming a partner, I'm not sure they really know much about the industry.
sorry what do "A/AC/BA"? stand for
im guessing analyst....associate...im not sure
I concur with The Sour Patch Kid. After B-school if you perform really well you become a partner. Plus you have to be a great salesman to establish new relationships with potential clients.
have you really done your research?
BA = Business Analyst at McK
no one told me to do research I was just asking
Typical career progress is as follows. Titles vary by firm, but the amount of time in each role is pretty similar.
Analyst/Associate: 2-3 years (post-undergrad role) B-School: 2 years Consultant/Senior: 2 years (post MBA/APD role) Manager/Engagement manager: 2-3 years Senior manager/Director: 2 - X years
I put "X" as the length for Senior Manager because a lot of Senior Managers don't make it to partner. For those who do, some make it in 2 years, and others take 5-6 years or more. A lot of Senior Managers get recruited by other firms to become partners if it becomes apparent that they aren't going to make partner at their own firm.
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