MBB Salary year-to-year growth
I am a rising senior at a target school. I am very interested in consulting, but also would like to earn enough money to handle my high debt. Management Consulted puts out a salary overview every year and for example, BCG is:
Boston Consulting Group (BCG) Undergraduate Salary Signing Bonus: $5,000 (Canada: $8,000) (Aus: $15,000) Base: $80,000 (Canada: $75,000) (Aus: $65,000) (Germany: €67,000) Relocation: $2-$8,000 (Germany: €3-€10,000) Performance Bonus: up to $16,500 Profit Sharing: up to $4,400 – – – – – Total Compensation: up to $113,900 Retirement: 15% of your base + bonus into 401k, employee contribution required.
I understand there is no certainty in salary growth, but is there anyone who works in the industry who would know how much entry level salaries grow on average year-to-year? Thanks!
https://charlesaris.com/wp-content/uploads/2016/01/Charles-Aris-Strateg…
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At my MBB in N Europe, those salaries look about right and we expect to double total comp every 4 or so years.
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