Feb 15, 2011
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Career Resources
Career Advancement Opportunities
June 2026 Consulting
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Boston Consulting Group 99.5%
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Bain & Company 98.9%
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McKinsey and Co 98.4%
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Oliver Wyman 97.9%
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LEK Consulting 97.4%
Overall Employee Satisfaction
June 2026 Consulting
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Cornerstone Research 99.5%
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Bain & Company 98.9%
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Boston Consulting Group 98.4%
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McKinsey and Co 97.9%
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Oliver Wyman 97.4%
Professional Growth Opportunities
June 2026 Consulting
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Bain & Company 99.5%
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Boston Consulting Group 98.9%
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McKinsey and Co 98.4%
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Oliver Wyman 97.9%
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LEK Consulting 97.4%
Total Avg Compensation
June 2026 Consulting
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Partner (4) $361
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Principal (30) $294
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Director/MD (58) $274
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Vice President (53) $247
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Engagement Manager (113) $232
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Manager (170) $173
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2nd Year Associate (185) $142
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3rd+ Year Associate (116) $135
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Senior Consultant (354) $132
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Consultant (642) $122
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1st Year Associate (577) $121
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3rd+ Year Analyst (164) $121
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NA (16) $114
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Engineer (6) $114
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2nd Year Analyst (390) $104
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Associate Consultant (176) $101
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1st Year Analyst (1163) $90
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Intern/Summer Associate (208) $83
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Intern/Summer Analyst (632) $68
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
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99.2 |
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99.0 |
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99.0 |
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99.0 |
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98.9 |
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98.9 |
| 7 |  |
98.9 |
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98.9 |
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98.9 |
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98.8 |
From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
I will choose a 2nd tier company if I have an offer.
I'm finishing up my Ph.D.'s, no business background. My concern is will 2nd tier firms hire PhDs? From earlier posts it seems that they simply don't recruit PhDs at all, if any.
This is really discouraging since MBB are so hard to get in and 2nd tier wont recruit PhDs... Do I still have a chance getting into management consulting?
Second Tiers DO hire PhDs if that helps.
As for the initial question, I too know someone who did the samething. Had offers at MBB and yet went to a second tier. So it does happen. I would do it if I knew that I would fit better in a second tier. I don't think I could perform well knowing that I do not get along with the people around me.
Thanks dude. I'm new to this forum and a lot of past postings are really discouraging to me. I started late and I am not in a very strong position to compete, but I want give it a shot b4 my thirtieth arrives.
From my experience, second tiers will only seek a PhD candidate if (a) the candidate has extensive business background and the company wouldn't have to train you, (b) the company actively recruits PhDs at a target school, or (c) if the candidate has a life science background and the company is looking to fill health care consulting (eg LEK's Life Science Specialist). Many places like Monitor, Booz, Deloitte, etc have listings on their websites that say they recruit PhDs, but in reality it seems that they don't quite know what to do with them.
I applied to several second tier firms and mostly got auto-rejections since I had no way of networking my way to an interview, despite what I think is an impressive background. I got offers from the botiques that recruited on my campus because they were actively hiring PhDs from all backgrounds. I did land a phone interview with a boutique health care firm in which I dominated the case, but the guy kept asking about my research and if it could relate to health care. When I said my research had only weak (at best) connections to health care, it was obvious that that was the deal-breaker for them.
I would take OW FS over any MBB.
yes people do it in my firm a girl turned down bcg in boston for my firm in chicago.
Also why is everyone constantly plugging OW FS, honestly I take MBB but there are other factors that matter
My firm also hires PHD, probably about ~15 or so a year
If one is interested in FS as a career -- either in consulting or industry -- it is a no-brainer to do OWFS over MBB.
If not, then you have look at all the factors. The OW name has only been used outside of FS for a few years.
That's a little bit strong. Some people might take OWFS over McKinsey, but it's hardly a no-brainer.
I mentioned OW FS because I'm from a financial engineering/risk background, and OW FS is best for that.
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