Charles Aris 2015 Strategy Consulting Compensation Study released

Question

I've seen a lot of questions about salary progression and exit-ops salaries for ex-consultants. I found this, it is very helpful.
Here is the study.

devildog2067 · Accepted Answer

companion

Now can you imagine, slaving everyday of your life for $350k a year, only to see the government take half of it. I'd kill my self.

It's not so bad. I've been a high income guy and a low income guy (8 years of grad school making less than $20k) -- take it from me, high income is far less stressful.

That would mean, out of 40 years of work, the government will steal 20 years of your productive life via the income tax. Then if you add property tax, consumption tax, all sorts of fees and inflation, that's another 5 years gone.

DickFuld · Answer

Marche

5. Perhaps AP comp really is lower than we think (WSO tends to be optimistic about these things).

The logic of WSO is that making $500K is ridiculously easy and you should be able to clear that by 30 without trying very hard.   It should also be very easy to have enough money to retire by the time you're 40.

Yet, the number on this site (or anywhere really) who actually pull either of those feats off will be a laughably small number of people.

devildog2067 · Answer

Starpoints

That's still low even if you assume they are pre-partner (e.g., AP at McKinsey).

No, it's not. It's a bit on the low side for MBB but as many have pointed out, there are non-MBB points in there. And the comp trajectory flattens quite a bit before partner; it's how they get people to stick around and try and make partner. A bit over $300k (say $350 all in) is pretty reasonable for someone 1-2 years away from making partner at an MBB firm.

MBB_Recruit · Answer

As an aspiring MBB consultant, the data here looks very rosy, and I'm wondering if the data was "massaged" in anyway. The salary for exit opps even at the median (50th percentile) are almost equal to the current consulting salary... I was under the impression that one normally takes a slight pay cut to exit consulting.

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Charles Aris 2015 Strategy Consulting Compensation Study released

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Charles Aris 2015 Strategy Consulting Compensation Study released

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