Can I earn £200k by 32 working in consulting?
I'm 24 and starting a strategy consulting (tier 2, not MBB) job next week in London. Would it be possible to achieve the above goal? If not in consulting, would it be possible to achieve it in Corporate Strategy at a big brand/VC (which is what Im thinking to exit into).
A Manager at LEK in London makes ~£190K in total, so if we assume you're a top bracket Manger you can hit £200K. Similar salaries are also seen for OW. Not sure about more senior roles at RB, but considering the Senior Consultant role (which is the 3rd level up) pays above £82K, I think in a 8-year timeframe £200K all in is possible.
How many YoE is that manager title at LEK. That number seems quite high.
It's the 5th level up, so certainly doable in 8 years.
Thanks for your comment
out of curiosity what is the Average salary amount at each level Of the hierarchy? So associate consultant, jr consultant, senior consultant, manager?
and do you know how much I would earn if I was to leave to corporate strategy after a few years in consulting?
Look here for salary info for undergrad and MBA hires across a range of firms. Look here for salary info at MBB/tier 2 by role.
Pre-MBA AC/BA/A: $90K base, $100-115K total
Post-MBA Consultant/Associate: $165K base, $200-215K total
EM: $250-350K
Principal: idk really
Partner: $500K+
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