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.
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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.
^^^ .....and that pretty much sums it up!
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
Associate: 50 - 60K base.
Ummm... nope. Senior Consultants out of target schools.
Standard SC package for hires out of top US schools to US offices.
I've seen something similar too, not sure on the source. It was something about how Deloitte was paying slightly more than MBB to attract top MBA talent (maybe ~$10k / year?)
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.
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.
I can verify the Big 4 Associate Salary by hungryman1, plus annual bonus.
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.
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).
The link above is pretty accurate. Our new MBA hires (in US) got 130K+ in base along with signing bonus and tuition assistance.
wow... consulting pay for post-mba's is really quite low.
Definitely looks looks pretty low. If base is approx. $130K from a top school, how do bonuses trend? (y1, y2, y3 post MBA)
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.
MBB post MBA all in is ~180K + 20K signing.
? I've heard figures closer to 130 + 20/30K Signing
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