Consulting Career Path/Salary Help Technology
Long time lurker here for my first post.
So I'm kind of new to the consulting world. Can someone please explain the typical salary for a management consultant vs a technology consultant? Most sources I found online (like wso and managementconsulted ) have guides for salary for the strategy side like Deloitte S&O but nothing on technology (like Deloitte BTA for fresh out of undergrad). I've found BTA salaries online but couldn't find anything about "tech consultants" out of MBA or "tech managers" or "tech principal". tech principal sounds silly but what I mean is where is the separation between those in management or strategy consulting and technology consulting past the BA/BTA position? Does pay differ greatly or not at all when comparing the two?
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Any input would be great
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Out of undergrad, everyone has the same salary, typically. (I mean within firms). Bonuses may differ depending on practice group, performance, and economy.
Out of business school, again, everyone is brought in at the same salary, and similar bonus structure. Depending on the group, bonuses may differ.
Coming in with a non-mba, your salary will range greatly. For example, Someone with an analytics background may get a greater base in tech consulting than a strategy person with a finance background. This will also vary depending on your YoE
Google Management Consulted salaries. They do a pretty comprehensive compilation of consulting salaries each year.
The only huge difference in pay at the consulting entry levels is a legacy employee vs an mba and exp hire. For example, a tech consulting senior consultant who started out of undergrad (2 levels above BTA at deloitte) will make roughly $30-45k less than a brand new MbA senior consultant in the same practice area
Thanks for the input. Thing is that site managementconsulted sometimes only includes Deloitte S&O, and nothing about tech and human capital. Is it safe to assume that the pay is the same even at the post-MBA level?
can't speak for the green dot but at my firm strategy is significantly higher for strategy
i'm in MC making 100k ish and the strategy same level is more like 145k
Ill give my 2 cents, im a new BTA so I can explain. First tech consulting and IT consulting sound the same have too many damn meanings around the world. Tech consulting which most people consider IT consulting usually means you're doing development work like going company to company coding which at Deloitte in the US isn't true. Deloitte's tech consulting is more management based for example requirements gathering around an implementation project or the cloud strategy/plan for how the a cloud implementation should go and etc. Deloitte does development work but its in USDC or India. Management consulting is honestly just an umbrella term cause tech, strategy, ops consulting are all considered MC. Now the difference between S&O/Tech at Deloitte has shrunk significantly before it use to be distinct but with the new Operating Models work difference doesn't really exist too much. However, they maybe more finance/strategy/supply chain/ops focused where you eillll be on same projects just more tech aspect focused. Pay is the same for both positions, honestly work can get quite similar too or different but all dependent on the role.
Got it thanks a ton! So then would you say then that chances of getting a MBA from a top university is more likely or less likely as a tech consultant vs a strategy consultant? As well as exit opportunities.
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