Big4 Salaries

Anyone have recent management / strategy consulting salary data points at the Big 4? I know they are all dabbling to a certain extent - PwC acquired Diamond a few months back, and Deloitte has been a player for a while. I'm curious to know what the Associate, Senior Associate, Manager levels are paying these days, and how those compare to spots at MBB.

Comments (28)

 
Apr 28, 2011 - 3:12pm

Way below MBB. I have a post MBA (senior consultant) position at a big4 consulting practice and I'm getting 100K base (way higher than my peers who are getting 80ish), where as people at MBB would get 130-140. Managers get between 100-150K base, Senior Managers get 140-200K base. Compare that to McK. Associates are between 130-175K. Engagement Managers are 175-250K. Associate Principals are between 225-350K. The average partner at McK makes more than twice the average partner at big4. The standard here is considerably lower than at MBB, and it's not even close to as competitive.

-MBP
 
Apr 28, 2011 - 10:36pm

manbearpig:
Way below MBB. I have a post MBA (senior consultant) position at a big4 consulting practice and I'm getting 100K base (way higher than my peers who are getting 80ish), where as people at MBB would get 130-140. Managers get between 100-150K base, Senior Managers get 140-200K base. Compare that to McK. Associates are between 130-175K. Engagement Managers are 175-250K. Associate Principals are between 225-350K. The average partner at McK makes more than twice the average partner at big4. The standard here is considerably lower than at MBB, and it's not even close to as competitive.

MBP has the philosophy down pretty much to the point. Compensation is tied to profitability. Profitability is tied to billing rates. MBB has much higher billing rates than other competitors.

 
Apr 28, 2011 - 4:10pm

TAglobal:
Actually, post MBA, the strategy practice salaries of Deloitte and Accenture are identical and in some cases higher than MBB (130-140K plus bonus)

Uhh, what? Which Deloitte S&O office pays new Senior Consultants 130K base? I had a very candid conversation with the HR Director about comp, and even a lot Managers at Deloitte S&O are below 130K base.

-MBP
 
Apr 28, 2011 - 4:13pm

manbearpig:
TAglobal:
Actually, post MBA, the strategy practice salaries of Deloitte and Accenture are identical and in some cases higher than MBB (130-140K plus bonus)

Uhh, what? Which Deloitte S&O office pays new Senior Consultants 130K base? I had a very candid conversation with the HR Director about comp, and even a lot Managers at Deloitte S&O are below 130K base.

Post MBA Managers, not SCs. Aglobal is actually right

http://ayainsight.co/ Curating the best advice and making it actionable.

 
Apr 28, 2011 - 3:47pm

Associate: 50 - 60K base.

http://ayainsight.co/ Curating the best advice and making it actionable.

 
Apr 28, 2011 - 4:37pm

TAglobal:
Ummm... nope. Senior Consultants out of target schools.

There is a senior consultant who is 1 year out of an MBA from Ivey and he told me his base is 90. What on earth are you talking about? There can't possibly be that large a range. Unless the pay is drastically lower in Toronto compared to where you're referring to.
-MBP
 
Apr 28, 2011 - 4:49pm

TAglobal:
Standard SC package for hires out of top US schools to US offices.

source?
-MBP
 
Apr 28, 2011 - 9:30pm

associate: 50-65k
senior associate: 65-85k
manager: 80-120k
senior manager: 120-180k
partner: 250k-3MM

big4 may be a great place to launch your career, however i would aim for MBB after.

and yes, deloitte/big4 post mba salaries can be at times equal to that of MBB post mba mainly because they are competing for the same candidates. if deloitte is recruiting at kellogg, they will have to match MBB packages if they are to attract the same caliber of candidates.

 
Apr 28, 2011 - 9:47pm

hmm, numbers are a bit lower than expected. I know 3 experienced seniors at 2 different Big4, and they all make better than $110k base. One makes $125k base.

 
Apr 28, 2011 - 11:52pm

bonus at associate level is moot at big4...its peanuts. however, bonuses for managers and above is a different story

i should also note, keep in mind that big4 have fast progression throughout ranks within the firm (despite what you all may think and comparing with other occupations). therefore, when you see a a manager with a 85k/yr, it could very well be a 26yr old. its not uncommon to see managers w/ 4 years...and the ranges i posted (aside from the partner) were w/o bonus since bonuses are highly unpredictable. the fact of the matter is that, these are accounting firms and the compensation will always be reflective of that to a degree.

 
Apr 29, 2011 - 12:22am

While salary and first year comp vary by office, it seems logical to me that Big 4 Strategy practices have to pay more to land top talent vs. MBB. Keep in mind I'm not talking about "consulting" in general at Big 4 but specifically the strategy practice (that's a better comparison as the business model is totally different for technology consulting).

Salary is pretty flat across the board but signing bonus is where things get interesting ..

http://www.consultingmag-digital.com/consultingmag/20100304?pg=27#pg27

Data in the link above (self-reported) seems to support the idea that higher the brand value of the firm ("favorability") the lower total first year compensation (salary + signing) required to snag top talent (what a shock!)...

Personally, I wouldn't need to see this data to anecdotally know that a McKinsey offer is more "valuable" than an Accenture offer regardless of salary & first year pay (call me crazy).

 
Apr 29, 2011 - 1:23am

The link above is pretty accurate. Our new MBA hires (in US) got 130K+ in base along with signing bonus and tuition assistance.

Array
 
Apr 30, 2011 - 7:47am

Definitely looks looks pretty low. If base is approx. $130K from a top school, how do bonuses trend? (y1, y2, y3 post MBA)

Still I Rise
 
Apr 30, 2011 - 10:24am

Consultants make 30-50% less than bankers. How are these numbers surprising? A first year post MBA McKinsey consultant will make 175k his first year all in.

-MBP
 
Apr 30, 2011 - 11:24am

manbearpig:
Consultants make 30-50% less than bankers. How are these numbers surprising? A first year post MBA McKinsey consultant will make 175k his first year all in.

i was under the impression a first year post mba mck would make around 200k all in. for some reason im having trouble finding the link, but there was an article on quants and poets that highlighted this. however, yes we will always make less than our ibanker counterparts, unless those bankers are at some shit ass boutique.

 
May 5, 2011 - 5:16pm

phdconsultant:
MBB post MBA all in is ~180K + 20K signing.

?
I've heard figures closer to 130 + 20/30K Signing

http://ayainsight.co/ Curating the best advice and making it actionable.

 
May 5, 2011 - 5:18pm

Status_Quo:
phdconsultant:
MBB post MBA all in is ~180K + 20K signing.

?
I've heard figures closer to 130 + 20/30K Signing


130 is base. 180 is including year end bonus.
-MBP
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