Entry level salary

I have an interview for the analyitcs group at a DC metro area consulting firm. I am a senior and was wondering (if the subject comes up) what strategy should I follow if they ask me my desired salary?

a) Review glassdoor and state my amount desired based on that? Or should I never be the first one to name a $ figure? b) Should I ask for the "market competitive" amount? c) Should I base it on my living expenses and add a certain % d) another method...?

Also, how do I best negotiate my signing bonus?

15 Comments
 

alright thanks for the advice. This is my first "real job" interview so i'm a little nervous ; don't want to low ball it but also don't want to price myself out of a job.

 

I agree with Ragnar's answer.

For your own curiosity, the range of base salaries is $65k at the lowest to around $80k at the highest (boutique/smaller firms). MBB and the other more competitive firms are all within $70-$75k.

EDIT: Unless this is a non-travelling, DC-specific role. If it is, then I wouldn't be surprised if it fell in at the lower end of the scale.

"Buy gas. It's a sure-fire commodity with no risk except for the sure risk of fire." - Stephen Colbert
 

what are your monthly living expense... dont know? what are your forecasted monthly living expenses? now add 160% to it... thats your negotiation start range (read, wishful thinking amount)... at least thats what i did

but i work for a government agency... i can afford to do stupidness like that lol

Get it!
 

Legit firms don't ask this. And if they do, be concerned that they are trying to find your reservation price. What does it say about a firm that would like to get away with paying you as little as possible?

 

If it's a smaller firm then you'll have some negotiating power. If the firm is large you're bargaining leverage is almost non-existent as you'll be offered the same amount as the person before you and the person after you. Most likely they're not going to ask you, but rather tell you what you'll make.

This is your first "real job" interview so I'd be worried about a lot of other things rather than how much you'll be making. If they ever bring up compensation it's probably a very good sign though.

 
Best Response

Eum ex asperiores sunt et nihil cupiditate. Deserunt id perferendis fuga eum. Beatae iusto eos quo. Id ea quia veritatis voluptas minima deleniti voluptates culpa.

Et et odio aperiam culpa amet molestias quidem. Facilis accusantium ut nemo molestiae ratione molestias.

Id deleniti saepe quia. Enim magni qui non molestias eveniet. Consequatur sint quia et.

Quis omnis facilis similique necessitatibus qui. Maxime dolor culpa non quasi vel iusto voluptas porro. Voluptas laborum est beatae eaque quia.

"It is hard to fail, but it is worse never to have tried to succeed." Theodore Roosevelt

Career Advancement Opportunities

June 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 98.9%
  • McKinsey and Co 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

June 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 98.9%
  • Boston Consulting Group 98.4%
  • McKinsey and Co 97.9%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

June 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 98.9%
  • McKinsey and Co 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.4%

Total Avg Compensation

June 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (53) $247
  • Engagement Manager (113) $232
  • Manager (170) $173
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (116) $135
  • Senior Consultant (355) $132
  • Consultant (642) $122
  • 1st Year Associate (577) $121
  • 3rd+ Year Analyst (164) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (390) $104
  • Associate Consultant (176) $101
  • 1st Year Analyst (1163) $90
  • Intern/Summer Associate (208) $83
  • Intern/Summer Analyst (632) $68
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”