MBB year 2/3 salary progression (out of undergrad)
Interested in hearing how salary progresses at MBB, in particular when you go to Senior BA/Senior AC. Is it comparable to Consultant/Associate comp (where you make ~$200k all in)? Or is the jump more modest?
I assume at BCG comp goes to the Consultant level since that's what their titles turn into.
Following
At bain -
AC1 - 100 base, 15 performance bonus
AC2 - 105 base, 20 performance bonus
SAC - 120 base, 32 performance bonus.
Also, if you stay thru SAC, you get NAP of likely ~30-40k
What’s NAP?
North America Profit sharing - accumulate ~10% of base + bonus each year depending on firm wide utilization (not personal hours dependent, solely aggregated to firm level). It vests after you've been at Bain through the end of SAC year, then afterwards you collect NAP each year you stay
pretty sure that all MBB progresses to MBA level after 2 years and is around ~180k/yr TC
This is incorrect - progression at Bain is 2.5-3 years before promotion to post-MBA role, in which comp goes to over $200k all in
Is the Bain performance bonus like BCG’s, where it’s 16-26k for first year. I imagine there’s a range and it’s not just 15 flat for everyone
This is the target bonus that ~60-80% of the class gets, depending on office. Low performers can get ~50% of the target, top performers get 150% of target
Following
Following
BCG:
A1 (Right out of undergrad): 100k base, 20% bonus, 5% of base+bonus in profit sharing retirement fund
A2 (Second year out of undergrad): 105k base, same bonus and retirement percentages
C1 (Third year out of undergrad, first year out of MBA): 175k base, same bonus and retirement percentages
Source: Just accepted full time offer there
It seems like at year 3 BCG really takes off compared to the other two, I'm surprised they don't leverage that fact more (e.g. I was unaware of that going thru MBB recruiting).
It might help since (at least at my MBB target) BCG seems to lose out most X-offers between M & Bain.
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To touch on this a bit - I’m incoming at BCG, and most of the people I know chose BCG over Bain specifically (don’t know many with McK offers). You could be right about the cross offer thing, but it seems to be leaning towards BCG a bit more now from my experience.
What is SBA and SAC base + bonus and McK and BCG?
McK has standardized pay at entry level and at AP. In between, it depends on performance, and there's a correction at EM designation (typically 2-4 years).
BAs are promoted directly to EM, not to Associate. SBA is based on tenure and doesn't have salary implications.
I'm pretty sure BA pay is only designed to equalize with Asc pay at AP, not at EM. That is to say, BA> EM will always make less than ASC > EM
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