Hows being a consultant living in DC post grad?

Have a gig lined up in DC after grad in the spring, 120k total comp. Is this enough to be comfortable? I'm not a huge spender or anything, honestly live pretty modestly. Does anyone have any experience living in DC as a young professional? What was it like?

Comments (11)

  • Prospect in PE - Growth
2mo 

Bump!

  • Intern in IB-M&A
2mo 

lol what type of question is this. 120k is enough to live anywhere in the country. DC is not near NY or SF in terms of COL so you'll be chilling. I would advise putting that salary in a COL calculator online to see how much you'll have after tax. If you're a modest spender you should be able to save like 50k which you can put into retirement accounts, stocks, etc. With rent and other costs you should spend about 35k or less in the year if you're a modest spender, considering the firm will pay for the meals.

  • Prospect in PE - Growth
2mo 

aite cool sounds good. people complain like crazy abt the COL so I was unsure where I stood in that sense

1mo 
Inside-Out Scorer @2K, what's your opinion? Comment below:

I currently live in DC, 120k is more than enough. You can find luxury one bed apartments for $2500 a month and really don't need a car here. I plan on staying in dc post grad in a consulting role as well.

  • 1
1mo 
H110, what's your opinion? Comment below:

Got a job in banking in DC and am looking for places to stay. What are your thoughts on Reston/Tysons area? I have 2 days WFH, and then split 3 in Tysons and 2 in DC so having to make the commute on metro twice a week is so-able for me.

Please let me know - and any other recs you may have would be greatly appreciated

Most Helpful
  • Principal in PE - Other
1mo 

$120k all in sounds fantastic for DC straight out of undergrad. I made half that 10 years ago in DC and managed just fine. You'll have a blast. Plus if you're traveling frequently as a consultant, you'll save plenty of money because you're expensing your life for 3-4 days/week.

  • Consultant in Consulting
1mo 

You'll be perfectly fine with $120K. You can find a good Jr 1-Bed/ 1-Bed in a luxury building in a desirable part of the city on your pre-bonus salary. Better still if you live with a roommate or find a building in Arlington or Bethesda.

DC is a great city to live in if you are at an MBB or equivalent firm, which is what I would assume based on your salary. It's less desirable if you're at a federal consulting firm like Big 4 or BAH doing pointless staff augmentation projects. Congrats!

  • Prospect in PE - Growth
1mo 

I'm actually going to be on the internal consulting-esque arm of a large financial services firm in the area! So not quite MBB,  but adjacent. Thanks!

  • Consultant in Consulting
1mo 

Veritatis qui accusantium autem. Eaque id at esse autem. Nihil et illo praesentium.

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