Post-MBA Consulting Pay
What is the pay like for first year associates at M/B/B? Thanks.
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Most top firms start their Associates at $105-120k base salary, plus a bonus range much bigger than that of analysts.
And what would the difference be between the strat firms and the operations/IT/other consulting firms?
More money, more prestige, better exit opps, more name recognition.
what's the difference in the type of work they do?
A typical strategy assignment would be deploying a new product or maybe a market sizing issue. I.e. Ford is releasing a new hybrid SUV that flies. What consumer segment should they target? How should they price it? How many potential customers are there for this product?
An IT engagement would be, Ford just bought a huge parts manufacturer and they need you to integrate all the ERP systems and inventory software.
For strategy, you will usually interface with a VP level, sometimes C-level exec (i.e. present to them, interview them, update them once a week etc.) For IT you will most likely be dealing with a middle manager.
thanks for the insight.
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