Federal Practice Consulting Salary
I am a junior military officer 2 yrs from separation and have seen a couple recruiting programs from BAH and Deloitte's Federal Practices.
Does anyone have any experience with these? I know the prestige is less than MBB, hours are better, but what about the pay?
Any insight would be greatly appreciated!
hours are way better. 95K for SRCONS, around 105K for ASSC.
This is all anecdotal so it may be different for you, but these headhunting and consulting firms realize that former military officers have few marketable skills (unless a STEM undergrad) and minimal relevant experience in the private sector so they will totally low-ball your salary in return for guaranteeing employment before your discharge date. Of course, the hours will be better simply because you don't face the prospect of deployments.
The nature of the work is facilitating defense contracts. You'll end up reporting to other former military officers who were more senior than you in a workplace environment that will be very similar to the military. You'll need to be familiar with your branch's acquisitions, the decision process, the terminology and how funds are allocated in different accounts to finance these purchases.
If selling to the government is something you're interested in pursuing, my advice would be to get out, get an MBA, network, start a company, and surf https://www.fbo.gov/ to become an independent government contractor yourself.
pre-manager salaries at both firms are on par with any other practice in the firm, meaning Deloitte's Fed pre-manager salaries are the same as their commercial. However, when you get to manager, it changes....it will now additionally be dependent on how much business you can bring in.
hrs are really good too comparing to commercial counterparts, less traveling though. also, i would discourage anyone from working at BAH. the firm is going downhill and lots of people are either getting laid off/exiting
Thanks for the responses!
How much does a Manager in Deloitte's Fed Practice make?
Any idea how Fed consulting compares to F500 Corporate Finance? Thanks!
Pre-manager salaries are NOT the same. Let's just take entry level positions in S&O:
Federal Analyst's (depending on the exact year, and I haven't seen this year) are around $55k plus a modest (3-5k) signing bonus.
Business Analysts (same position, commercial side) this year are $70k plus a 10k SB.
FYI I'm talking about Deloitte. No very little about BAH, nor is their commercial arm developed enough to have a comparison.
i worked in federal practice and at least in my firm it was the same.
70k + 10k sb for deloitte? thats bullsh*t. i have plenty of friends in chicago, houston and atlanta who began their careers at deloitte as a business analyst and started off much less...more like 60k. your exaggerating big time
Starting offers across the board for the commercial practice were $70k + $10k the last couple years. The federal practice is practically a different company altogether. Different culture, different work, different competition, and different (lower) pay. BGP2587's numbers were spot on.
It's not bullshit at all. For offers given out this recruiting season, the base salary for Deloitte S&O Chicago was between 70-72K, which is in line with other management consulting firms. Signing bonus on top of that. (No performance bonus for BAs, though, I don't think.) So all the others are spot on.
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i could see 70k all in, but not base (if thats what you guys are referring too). most federal practices are different business units, but they are heavily subsidized by the commercial arms and at least in my firm, their pay is on level between associates.
The following numbers apply to the Tech practice. 70K for Analysts in 2011. In 2009 and 2010, the base pay was 65K for the incoming class. Deloitte adjusts the base pay every two years, so the Analysts this fall should be getting 70K as well. I don't have any information about the sign-on bonuses. From my limited sample size, there was no difference in the three years between Commercial and Federal. The on-campus-recruiting interview process for both sides is handled on a national level and follow the procedures.
I don't know if the process is different for the S&O side, but I highly doubt it. And the offers may differ for experienced hires where the offers and salaries are a lot less standardized.
I also don't know about the Tech side, so I won't comment there, but I know for fact that recruiting for Federal and Commercial (S&O) are handled by completely different people/units. Also, commercial S&O and Federal S&O won't even recruit on the same campus (campuses are basically "claimed" by one or the other). For example, at Princeton, where S&O actually hires both commercial and Federal, only Federal is allowed on Campus. Commercial's recruiting is all virtual, and there is an automatic process that seperates the resumes for the two.
Again, the S&O salaries are different. The hiring processes are also different. Typically (and this can vary depending on the person), someone with an MBA starting in commercial starts as an SC with around a 120-130k salary (haven;t looked at this year's numbers). In Federal, they are now typically starting MBA's at the Consultant level, where they'll probably make in the 80's.
Again, as another poster mentioned, the Federal Arm and the Commercial arm are different, with different procedures and standards.
FYI. PwC WFP is the best in the business. PwC vs MBB overall, obviously not even close, but PwC WFP's been killing it over the last 3 years. PwC does more federal business than all of MBB combined, look it up, that's not an exaggeration.
However, overall you'd still be better at MBB.
While I have no interest in Federal Consulting whatsoever, to say that PwC is greater than Deloitte or BAH is somewhat crazy. BAH is #9 on the top Federal Contractors list with revenues of ~$3.7B, Deloitte is #25 with revenues of ~1.2B, and PwC does not make the list (#100 had revenues of ~169M, so not even a tenth of Deloitte's federal revenues).
Best obviously does not necessarily equate to highest revenues, but in the Federal Space where the work options you have are all about existing, long term contracts, hard to say that PwC even competes with the other big guys.
Do you have a security clearance?
Yes, TS/SCI
:( base salary in 50's no signing bonus or relocation
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Offers for full-time analysts to start this summer/fall in Commercial S&O at Deloitte were 72.5k base + 10k signing. Pretty sure Federal S&O starts at the same. Pay is standardized across the country and is the same in every city for starting S&O analysts. Analysts don't get year-end bonuses (although that might change soon), but you can get pretty hefty raises if you're a top performer (15-20% per year).
Federal is less. I've worked on both sides of one of the firms mentioned and I can confirm this. Maybe, just maybe kids from Princeton, GTown, etc. get paid on parity with their classmates in commercial, but a gap soon appears. By Sr. Consultant, pay gap could easily be 30-40K base.
That said, as post-military jobs go. Both firms are about the best you can do. Both have great transition programs, a ton of veterans, and flexibility with regard to reserve duty (if that was something you were considering). OP, feel free to send me a PM.
So what is the current base for a S&O consultant in Federal? I thought they were paid the same as commercial.
He's correct, from what I've seen. A lot of Federal Consultants get paid less because they can't charge their client (the government) as much as the commercial practice can. I'm not sure the gap is as big as 30-40k by Sr. Consultant, but it definitely gets bigger as you go up the ladder. One thing that's different, though, is that an MBA is definitely not needed and most Federal consultants that I know don't have them, so they don't have to forgo the salary and pay for school, and get those 2 years to continue their progression through the firm.
Primary research/experience: Federal was 72.5k + 10k (72.5k and 12k for interns than signed on) this year. D. Consulting is one of the biggest players in the Federal arena. Those who blindly suggest that all or most federal consultants earn less than their commercial counterparts are mistaken.
Competing firms who have significantly smaller federal practices (under a billion) in fact do pay less in their federal practices but 1. not by much. 2. I recall if you're a top performer your bonus makes up for it.
What is the promotion like from analyst to consultant in fed?
2-3 years depending on performance. Most do it in 2.
Thanks, any info on salary?
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