First Year 2011 Consulting Salaries - MBB, Booz, Monitor, OW, Deloitte, etc.

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Alright internships are over...any one have info on class of 2011 compensation..

Comments (120)

Aug 29, 2010

Def interested in perspectives from people who received FT offers as well.

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Aug 31, 2010

bump...

Aug 31, 2010

Just got my official MBB offer. Compensation isn't coming out until End of October. They gave last years stats as reference.

Sep 1, 2010

moofasa..congrats...
how is the relocation like? I have got an MBB offer and the relocation amount will be less than my actual moving costs..

Sep 1, 2010

Thanks, congrats as well.

The relocation assistance is "available upon request." I don't really expect much because my parents house, my school and the office are within like 50 miles.

Sep 1, 2010

What were the stats they cited for last year?

Oct 12, 2010

waiting for MBB details, but deloitte S&O was 70+10 for ugrad

Oct 12, 2010

Heard from a friend that BCG is still at 65. Very much unverified so take with a grain of salt.

Best Response
Oct 15, 2010

I don't think much has changed. 65 + 5 for first year at MBB. If one makes a change to comp (usually McK), the rest will match instantly. ~10-12k for sign + relocate

Oct 17, 2010

BCG wasn't at 65 last year, and McK was. BCG shifted comp from its retirement match to salary. It all works out the same between McK and BCG, but BCG last year was 72+5 signing +2 relocation, and McK was 65+5 signing + 2 (I think) relocation, but with a higher % in retirement. No idea what 2011 is going to look like.

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Oct 27, 2010

What's the bonus for the top/average/bottom bucket? Bain just raised their base comp for first years.

Oct 28, 2010

MBB

70 + 5 + 5
+12%

Oct 28, 2010

for MBB that's relocation, signing, and retirement...is there a performance bonus on top of that?

Nov 9, 2010

MBB - 70 + 5 signing + 4 relocation + 12% of rent + performance bonus

YoungAmerican

Nov 9, 2010

MBB - 70 + 5 signing + 5 housing stipend + relocation (3.5k from east coast to west coast) + performance

    • 1
Nov 9, 2010

Deloitte is 70+10 signing bonuse

Nov 9, 2010

Housing stipend? Never heard that one before.

MBB - 70K + 5K signing + 3K relocation (depends on distance and I'm approx 150 miles away from my office location) + Performance bonus (assuming, never really talked about it)

Nov 9, 2010

what the performance bonus look like - ball park range?

Nov 9, 2010

Performance bonus usually ranges between 5-10 K. I know the max at one of the MBB last year was 11,200

Nov 12, 2010

does 45k base, 15k potential bonus and 4k reloc sound about right for an MBB offer at a low COL country?

Nov 12, 2010

I got an offer from Oliver Wyman FS but in Singapore. I was impressed by the salary. All figures in Singapore Dollars -

15k signing, 80k base, 6% contribution to Central Provident Fund (simply added to my salary as I'm not a Singapore PR), 25% min guaranteed bonus.

I will take that to the bank my friends.

Nov 28, 2010
bbjhva:

I got an offer from Oliver Wyman FS but in Singapore. I was impressed by the salary. All figures in Singapore Dollars -

15k signing, 80k base, 6% contribution to Central Provident Fund (simply added to my salary as I'm not a Singapore PR), 25% min guaranteed bonus.

I will take that to the bank my friends.

So 119,800 guaranteed. Is that USD or SGD?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 12, 2010

That's really impressive, I know someone who got Bain singapore at 85k, but no signing. I know for a fact that McK and BCG offers about 15%-20% lower than that. Seems like McK and BCG are lowballing their entry level salary compared to Bain and others. I wonder why..

Nov 13, 2010

how did you get the job in singapore? did you specifically ask for it or were you assigned randomly, or do you have some sort of special skill that they value?

Nov 13, 2010

i know bta @ deloite is 70 plus 10

Nov 13, 2010

Yes, I have to admit I was surprised at the offer. I would've taken it for much less, but they don't need to know that :)

I actually specifically applied to the Singapore office as I was keen to work there. I contacted Singapore's HR team with my resume and a cover email, and called as a follow up. Then things kind of just happened, did 2 rounds of interviews, and got the offer. I did my interviews in Boston/NY but my interviewers were aware that I was applying to the Singapore office.

Nov 14, 2010

65k with 10k bonus

Nov 15, 2010

Why has Bain broken rank with BCG and McK?
They're offering 70k+ base plus stipends in their int'l/emerging markets offices?

The truth is you're the weak. And I'm the tyranny of evil men. But I'm tryin', Ringo. I'm tryin' real hard to be the shepherd.

Jan 15, 2011

x

Nov 16, 2010

What are you guys' expectations for performance bonus? It's quite low at my firm (2-5K)

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Nov 16, 2010
Nikkisixx:

What are you guys' expectations for performance bonus? It's quite low at my firm (2-5K)

which firm are you at? mine is about the same, roughly 5-10% for entry level, however it obviously exponentially rises as you progress through career

Nov 16, 2010

You guys should not discount other benefits, in particular points and per diem.

From my experience, each year you should have enough points/free nights that can be valued at around $6K-$7K (or $9K-$10K if it was taxed) or even higher if you get enough free nights.

Some firms give you per diem, some let you expense anything. Expense policy is better if you eat steak/lobster every night. But if you try to limit how much you eat at night (and utilize the hotel lounge not just for breakfast, but also dinner) u can save up $30-$35/day from per diem. That's another $5K-$6K (or $8K-$9K if it was taxed).

I drive to airport (mostly for convenience because I meet up with friends Thursday night) and expense the mileage. I guess I can say my SUV (I get 15 MPG in a V8) gas is also paid for in a monthly basis.

This is probably not as effective when comparing offers between consulting jobs, but might be handy when you compare with non-consulting jobs.

Nov 17, 2010
abacab:

You guys should not discount other benefits, in particular points and per diem.

From my experience, each year you should have enough points/free nights that can be valued at around $6K-$7K (or $9K-$10K if it was taxed) or even higher if you get enough free nights.

Some firms give you per diem, some let you expense anything. Expense policy is better if you eat steak/lobster every night. But if you try to limit how much you eat at night (and utilize the hotel lounge not just for breakfast, but also dinner) u can save up $30-$35/day from per diem. That's another $5K-$6K (or $8K-$9K if it was taxed).

I drive to airport (mostly for convenience because I meet up with friends Thursday night) and expense the mileage. I guess I can say my SUV (I get 15 MPG in a V8) gas is also paid for in a monthly basis.

This is probably not as effective when comparing offers between consulting jobs, but might be handy when you compare with non-consulting jobs.

i agree 100%. its a nice benefit, although not always noticed.

Dec 28, 2010
abacab:

You guys should not discount other benefits, in particular points and per diem.

From my experience, each year you should have enough points/free nights that can be valued at around $6K-$7K (or $9K-$10K if it was taxed) or even higher if you get enough free nights.

Some firms give you per diem, some let you expense anything. Expense policy is better if you eat steak/lobster every night. But if you try to limit how much you eat at night (and utilize the hotel lounge not just for breakfast, but also dinner) u can save up $30-$35/day from per diem. That's another $5K-$6K (or $8K-$9K if it was taxed).

I drive to airport (mostly for convenience because I meet up with friends Thursday night) and expense the mileage. I guess I can say my SUV (I get 15 MPG in a V8) gas is also paid for in a monthly basis.

This is probably not as effective when comparing offers between consulting jobs, but might be handy when you compare with non-consulting jobs.

This. Frequent flyer miles, if you use them well, are probably worth like 5-10 cents a mile.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 20, 2010

I can confirm Bain in Singapore is S$85+5

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Nov 25, 2010

OW Entry Level Analyst Salary = 75k + 10k signing bonus

Nov 27, 2010

Do M/B/B and OW guarantee bonuses up to a certain % of annual base salary in offer contracts? I ask because they did in my case. Kind of interesting...?

Nov 27, 2010

as in an upper limit you mean? what use would there be in that?

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

Nov 27, 2010

Anyone have compensation figures for boutiques? Really interested in Monitor Group, LEK, Parthenon, etc.

Any word from friends/first hand accounts is appreciated

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Nov 27, 2010
Consultant2011:

Anyone have compensation figures for boutiques? Really interested in Monitor Group, LEK, Parthenon, etc.

Any word from friends/first hand accounts is appreciated

One of those three is 68 base + 10 signing + ~12% bonus

Nov 28, 2010

SGD of course. USD120k starting for a 22 year old would be pretty sweet...though SGD is not bad at all. Of course its SGD80k base, and then all the other is cherry on top I guess.

    • 1
Nov 28, 2010

just a curious question... say you got the offer at Wyman in Singapore - do they hook you up with a business class flight on the A380 to get over there? Singapore airlines = so fucking amazing (service, prices, loyalty program, etc) = a great thing about living in Singapore.

Nov 28, 2010
International Pymp:

just a curious question... say you got the offer at Wyman in Singapore - do they hook you up with a business class flight on the A380 to get over there? Singapore airlines = so fucking amazing (service, prices, loyalty program, etc) = a great thing about living in Singapore.

Doesn't OWFS have a reputation for being a cheapskate on travel? Which means Y until you rack up enough miles to upgrade?

$120k SGD=roughly $91k US. And that's the minimum comp. That sounds awesome, except for the fact that Sing is the 11th most expensive city in the world according to its friend Mercer. So it should be higher than NY (which is 27th).

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 28, 2010

it's true SG is expensive, but probably not more so than NYC. Also, his taxes will be low... not sure exactly what SG's rates are, but I think they're pretty competitive (way lower than the US)... he will not be subject to US federal income taxes on his first 92,500 USD of income.

that's lame that Wyman is gonna skimp on travel... skimping on travel is actually a fucked up thing to do as traveling on business is often painful even in first class / five star hotels

Nov 28, 2010

It's only from hearsay, I have no idea what the actual OWFS policies are, but I heard they were total cheapskates. And yes I think it's totally lame. They should really spring for J on flights over 6 hours. If they expect you to work on the plane, they should spring for J all the time, no way you could actually work in a Y seat.

SG taxes on $120k of income is $9,900. Not bad at all. And the income falls within the $92.5k limit ($91,450) so no US tax either. There might also be more exemptions based on nonresident status but IANAL.

And if SG CoL is too much I guess you could cross the border and live in Malaysia...

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 28, 2010

Guys I've lived in Singapore for 6 years so I can def say that while it is ranked higher in the 'most expensive cities to live in' list, above NYC, one thing to keep in mind is that it's an absolutely tiny island nation so that even if I live away from the downtown area, I'll still be at work using public transport in like 30 mins, as opposed to 10 if I lived in a sweet location. My plan is to stay in a Tier 2 location, so I think rent will probably not be ridiculously high.

Taxes are about 10-12% in Singapore, so disposable income definitely beats the US hollow. As for the flight to Singapore...well what they told me was that their signing bonus is so hefty for that same reason - get your ass to Singapore, set up your apt, etc etc with the bonus (that's the official HR line in OW).

Don't know how cheapskate they are on travel. I guess I'll find out when I join in a few months time!

Nov 28, 2010

You will know they are cheap if they make you take a bus from Singapore City to Kuala Lumpur because you are working for a client like Petronas there. It's a 4 hour trip.

Nov 28, 2010

Anyone have any information on analyst comp in HK? Is it equivalent to SG?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 30, 2010

Urgent - silver banana for anyone with info on # of vacation days/PTO

Interested in MBB vs boutique vs large shops like Deloitte

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Nov 30, 2010
Stratus:

Urgent - silver banana for anyone with info on # of vacation days/PTO

Interested in MBB vs boutique vs large shops like Deloitte

Thanks! Anyone else have data on this?

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Nov 30, 2010
Stratus:

Urgent - silver banana for anyone with info on # of vacation days/PTO

Interested in MBB vs boutique vs large shops like Deloitte

What does it matter? You'll probably never get to use them anyway.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 3, 2011
Status_Quo:

Urgent - silver banana for anyone with info on # of vacation days/PTO

Interested in MBB vs boutique vs large shops like Deloitte

MBB is all around 3 weeks (lower end for new members, higher end for older members) of PTO with 10-12 days of holidays

Nov 30, 2010

19/year for the first 2 years. 24 thereafter.

Nov 30, 2010

^ That was for MBB.

Nov 30, 2010
Nov 30, 2010
Dec 1, 2010

Guys, I just posted about this on managementconsulted.com before seeing some of the numbers here. Here's a snippet from BCG (verified):

Base: $72,000
Performance Bonus: up to $16,200 (22.5% of base salary)
Profit Sharing Retirement Fund: up to $4,400 (expected to be 5% of sum of base salary and performance bonus)
- - - - -
Total compensation: up to $92,600

Signing bonus is $5,000, and BCG also contributes 15% of your base + bonus into your 401(k) retirement account, with $0 required contribution.

***If you guys have detailed info for McKinsey, Bain, Big 4, post-MBA, advanced professional degree, etc, please email me directly ([email protected]), would love to compile and share (ANONYMOUSLY) in a clean fashion. Thanks in advance!!

Dec 1, 2010

Great info, thanks MC! Keep up the great info on your site, it's helped a lot of us out

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Dec 1, 2010

thanks mas1987...it's been a long time but i'm slowly coming back to spend more time on it :)

Dec 1, 2010

Did anyone in an MBB international office get a housing / transportation allowance? Does anyone know how we can spend that? For instance, can I buy a car with the transportation allowance? Make payments towards car payment? My allowance is quite high, but I'd much rather just get the cash in hand...

5 weeks paid vacation to answer a previous question.

Dec 1, 2010
persimmon:

Did anyone in an MBB international office get a housing / transportation allowance? Does anyone know how we can spend that? For instance, can I buy a car with the transportation allowance? Make payments towards car payment? My allowance is quite high, but I'd much rather just get the cash in hand...

5 weeks paid vacation to answer a previous question.

Which int'l location is this? Sounds pretty perkalicious!

Dec 1, 2010

MC, that's good to hear, the info on your site definitely helps. Itll be nice to see some updates/new info and whatnot.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer
"Your grammar made me wish I'd been aborted." -happypantsmcgee

Dec 1, 2010
mas1987:

MC, that's good to hear, the info on your site definitely helps. Itll be nice to see some updates/new info and whatnot.

Yeah, I've updated now to include Oliver Wyman and AT Kearney. Bain, Booz, and McKinsey coming later tonight when I get some free time. Numbers roughly in-line, as expected. Hoping to get more post-MBA/grad school data soon too!

Dec 1, 2010
managementconsulted.com:
mas1987:

MC, that's good to hear, the info on your site definitely helps. Itll be nice to see some updates/new info and whatnot.

Yeah, I've updated now to include Oliver Wyman and AT Kearney. Bain, Booz, and McKinsey coming later tonight when I get some free time. Numbers roughly in-line, as expected. Hoping to get more post-MBA/grad school data soon too!

Kevin can you get some boutique numbers up?

Monitor, LEK, ...

As well as quotes from smaller shops (if you have any sources).

Also, how negotiable are boutique salaries?

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Dec 1, 2010

From what I've seen/heard, boutique salaries are more negotiable than your MBBs of the world - primarily because they higher fewer people, and often from unusual channels (eg, more experienced hires, more one-off recruits) so there's more flexibility with compensation details. While I wouldn't expect that you can significantly negotiate base, look to bonuses (signing + performance) as points of leverage.

Other points of leverage include the types of projects, location, even special assignments and side projects which they can offer you based on demonstrated interests.

Just make sure to ask nicely and build a lot of support :)

Dec 2, 2010
managementconsulted.com:

From what I've seen/heard, boutique salaries are more negotiable than your MBBs of the world - primarily because they higher fewer people, and often from unusual channels (eg, more experienced hires, more one-off recruits) so there's more flexibility with compensation details. While I wouldn't expect that you can significantly negotiate base, look to bonuses (signing + performance) as points of leverage.

Other points of leverage include the types of projects, location, even special assignments and side projects which they can offer you based on demonstrated interests.

Just make sure to ask nicely and build a lot of support :)

Thanks!

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Dec 2, 2010

http://managementconsulted.com/consulting-jobs/201...
Here's the link to MC's listing of Consulting salaries. I'm just throwing this up here in the hopes that those of you lazy asses not willing to type mc's address into your browser will find your way over there haha.

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"Your grammar made me wish I'd been aborted." -happypantsmcgee

Dec 28, 2010

I generally value them at 1 cent/mile, but redeemed them at 2 - 2.5 cents/mile. 10 cents would be a nice value on some 775K miles I earned in last 2 years.

Feb 8, 2011
abacab:

I generally value them at 1 cent/mile, but redeemed them at 2 - 2.5 cents/mile. 10 cents would be a nice value on some 775K miles I earned in last 2 years.

That ~390k miles a year. Did you fly SQ22/21 (the one that goes NYC-SIN nonstop-longest nonstop in the world) every week for the past two years or something?

Plus that's enough to get the top tier on all three of the world's major alliances (Star, SkyTeam, Oneworld) for two years and more....btw, getting to use the lounge when you wait for your flight to wherever on your personal travel instead of with the kettles is total win (presumably you'd be flying business or higher on business, therefore giving you lounge access, elite or not)

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Dec 28, 2010

I can get 20 cents on the dollar for some miles....fly a transcon (5,200 or so miles), pay $350 and you get a one-way domestic trip in Korea, worth $60.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Dec 29, 2010

Is it true that Mck has no performance bonus for BAs? If so, doesn't that defeat the whole MBB equal compensation thing because BB both award performance bonuses?

Dec 29, 2010
Jan 1, 2011

lol yes I saw that, which is why I asked. was hoping someone who had actually finished a year as a BA could comment on why they wouldn't include bonus when B/B both do.

Feb 8, 2011

99% domestic east coast flights (<600 in most cases). I took advantage of the Avis 5K Miles/Rental (had 40?). Then also Marriott had some 5K MIles/Stay (must have had 20 of those) and there is also the 100% Elite Bonus and some other promos. Actually BIS is more like 200K. Earning miles just by flying is painful.

Feb 8, 2011

Ok yeah that makes sense. I forgot the elite bonus. Do those count for elite status though? Because on my FFP it doesn't-only BIS on itself/Star Alliance. It's totally lame.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Feb 8, 2011

Yeah status only on BIS in mine as well. Actually made Platinum on segments last year, 118 flights for the year. Not sure about hotel nights, but should be around 150. Good enough to make Platinum in SPG and Marriott and Gold in Hilton.

Feb 10, 2011

Btw hows the job market looking in APac (Sing/HK etc)?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Feb 10, 2011

Holymonkey - looking good in Singapore, firms are definitely hiring, though of course office sizes in Asia-Pac are much smaller than in NA/Europe.

Feb 10, 2011
bbjhva:

Holymonkey - looking good in Singapore, firms are definitely hiring, though of course office sizes in Asia-Pac are much smaller than in NA/Europe.

No way the SEAsia offices are even on the same scale of small of the Korean offices. BCG Seoul gave offers to like 2 people last year. They have a whopping 12 consultants total there (yes, partners included).

Anyway that's good to hear. My mom is under the impression that the job market throughout the world is going to hell in a handbasket.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Feb 10, 2011

Zs: 60+10
atk: 65+5+5
Deloitte s&o: 70+10

Feb 10, 2011

30 days for MBB in a European country. Total compensation is around 110k USD.

Feb 10, 2011

Holy shit, is that for post-MBA or undergrad?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Feb 11, 2011

That is for undergrad!

Feb 12, 2011

That's like 81k euros or 67k pounds. I'm still in utter shock. How the hell did you pull that off?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Feb 12, 2011

It's only 10% more than most of the other strat houses all-in 1st year comp (London).

Also, it's hugely misleading to make the FX conversion. For the last 2 years comp in Switzerland has looked hilarious vs. other countries because CHF appreciated so much.

Feb 12, 2011

I'm pretty sure you don't get paid in USD in Europe. Even so, you have to spend in the local currency i.e. the Euro or Pound.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Feb 13, 2011

MBB in Asia is more like 10days..
but my BB offer (which I got after I signed w/ MBB) was 26 days....

Jun 11, 2011

I can totally confirm that comp in switzerland is insane right now, I could choose between germany and switzerland when I got my offer and besides the much lower tax rate (something like 25% vs 45%) the comp is 1.5 times higher simply because of the CHF...
Having worked in IB and AM for some time, I don't think the CHF is going to come down anytime soon! :-D

I like pickles...

Jun 11, 2011

What are the language requirements for Switzerland? French, German or both?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jun 15, 2011

German, the office is in Zurich and it counts as part of GSA (German Speaking Area). Staffing is supposed to be international but they seem to need a lot of german speakers right now so projects will mostly be in GSA (like all consulting firms in GSA right now).

I heard that AT Kearney is paying 120K CHF for entry level + about 10% bonus

I like pickles...

Jun 16, 2011

Once again, learning French has proven to be good for nothing :(

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jun 30, 2011

I can confirm McKinsey BA Hong Kong is US$80k.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jun 30, 2011

Anyone have any info on shops like Navigant, FTI, etc.? Thanks

Jul 2, 2011

FTI
58 base + 5k signing (undergrad)
-confirmed by a friend who got an offer on the west coast

Jul 3, 2011

HK's great (McKinsey). Is there any housing budget given?

Jul 3, 2011

No idea. I got that info from hearsay (friend of mine has an offer at McK HK). She applied directly to the HK office btw. I don't think she got anything for housing since she applied directly. But HK$640k is pretty awesome. Then again, HK is pretty damn expensive...I think it was like at least $15k a month for a nice apartment in the city (no idea about Kowloon or somewhere near the airport, didn't look. I suspect Kowloon costs more.) Glassdoor.com I think said Bain was like half that. But their data tends to be pretty old so yeah...

Some more hearsay info (South Korea): US$1=~1,080KRW

McK: KRW 50 million+up to 30% bonus (approx up to US$60k)
Bain: KRW 50 million+up to 10% bonus (approx up to US$50k)
BCG: KRW ~53 million (approx up to US$48k)
OWFS (signing/base/perks?): KRW 10mil/65mil/5mil+bonus (approx US$73k+bonus)
ATK: KRW 50 million+up to 30% bonus (about 63 million last year) (approx US$58k)
OWGMC: same as OWFS but base 50 million for a total of 65 million+bonus (approx $60k+bonus)
Monitor: KRW 50 million (approx US$46k)
AD Little: KRW 48 million (approx US$44k)

All those rates for local hires. This is pretty crappy given the cost of living in Seoul almost matches New York.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 5, 2011

5 weeks in continental Europa...7 weeks in France (though there are rumors France might get bumped to 10)

I like pickles...

Jul 6, 2011

For deloitte postMBA - 40/50k sign on, 130k base, 40k bonus

Jul 6, 2011

Holy crap Deloitte pays a lot post MBA. I thought BCG was like $197k. That's $210k-$220k. Those are like IB numbers.

Any ideas on if the big 3 are gonna match?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 6, 2011

MBB def matches. Bcg's base is 135. They pay the most.

Deloitte also pays for tuition if you intern and then work full time. They are doing what they can to poach kids from MBB, which can be very tough for obvious reasons

Jul 6, 2011

Can you confirm Deloitte post MBA? I have a friend in Canada who gets close to 100k base, not 130, and he didn't get close to that sign-on. What level is this - senior consultant or above?

I like pickles...

Jul 6, 2011
mk2012:

Can you confirm Deloitte post MBA? I have a friend in Canada who gets close to 100k base, not 130, and he didn't get close to that sign-on. What level is this - senior consultant or above?

I think comp varies by country especially local rates. Bain HK pays locals like US$30k and Bain Korea pays US$50k all in.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 6, 2011

Variability in comp is nothing compared to variability in exits and learning opps, which should be your main driver. If you head to MBB or second tier shops like Deloitte/OW/Monitor/Booze, your exits can vary big from one tier to the next

Jul 6, 2011

Not sure what pay structures are outside of the US. I know these numbers from alums from schools in the CBS/Booth/Wharton/Tuck tier

Jul 6, 2011

Variability in comp is nothing compared to variability in exits and learning opps, which should be your main driver. If you head to MBB or second tier shops like Deloitte/OW/Monitor/Booze, your exits can vary big from one tier to the next

Hmm, in what way, and pre or post mba? What kind of opportunities would you not have from T1 to T2? Also, OW is clearly T2 but OW FS is T1 (at least in a lot of countries, don't know about US)...

I like pickles...

Jul 6, 2011
mk2012:

Also, OW is clearly T2 but OW FS is T1 (at least in a lot of countries, don't know about US)...

there's some truth to that, still the overall OW brand in your resume stays T2 though.
exit-opportunities immensely profit from this aura of you being "that guy who joined us from McKinsey!!1" when you enter a new company.

With the only exception perhaps being Roland Berger in Western Europe - let's face it, MBB is simply untouchable as far as prestige and exits go.

Jul 7, 2011

I agree with some but not all you say. I think it really depends on what you consider exit opps. I'd say that exit opps to industry jobs are of course better at MBB than any other consulting firm. And even here there are differences, Bain is an incredibly weak brand in Europe, in Germany (biggest consulting market in Europe by far) they only have midcap clients and their brand recognition is almost 0. Roland Berger is respected in germany but almost nowhere else, they take that #3 position from Bain.

But then the question is, do you really want to work in the industry and do you consider that a viable exit opp...?

As far as exit opps to PE, HF, IB goes, it depends on what you did and where. McK places better in PE and IB for sure, BCG does ok in PE...then everything else its really more up to you...at least thats the way it is in Europe.

I like pickles...

Jul 7, 2011
mk2012:

Roland Berger is respected in germany but almost nowhere else, they take that #3 position from Bain.

Berger is also Tier 1 i.e. in China, where interestingly >70% of its costumers are local, more than for any other firm.
I feel they're somewhat underappreciated because they can't seem to crack the US market!

but truth be told, even in Germany MB both perhaps place their alumni better - RB was founded less than 40 year ago, so they are still building their network/brand.

Jul 7, 2011

yeah I heard RB was really successful in China though I don't really know why/how!
I am not sure if its about building the network/brand, Bain is a bit younger than RB for example. I think its all about people as consulting firms tend to have a very strong culture (very little mobility between firms as opposed to IB/PE/HF), maybe this is why they place differently...

I like pickles...

Jul 7, 2011

Just to clarify for those starting in the summer / fall, MBB do not all actually pay "bonuses" - way it works is like this:

  1. You get a raise in the early fall, but don't know what that raise is - that's determined at your EOY review
  2. In your EOY review, your total comp increases by a certain percentage based on your rating
  3. You receive a lump sum at the EOY that is the difference between what you were actually being paid since your raise took effect and what your comp should have been
Jul 8, 2011

did not know this...feels a bit like a rip off to me...

I like pickles...

Jul 12, 2011

Does anyone have any compensation data on Australia?

All I have to go on is Glassdoor.com which isn't very accurate.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 22, 2011

I know there is post-MBA information... but i assume this is post MBA with a certain amount of work experience...

would anyone know post MBA salary expectations with <2 years work experience in US?

Nov 28, 2011
lil-dRew:

so in the US ... post MBA no work experience..
something close to 90/100 for Big 4 accounting firms..

and around 125/130k for MBB?

Go to managementconsulted.com for details regarding Post-MBA pay. There is NO difference in compensation for people with or without relevant work experience coming out of an MBA program. Everyone is paid the same.

Big 4 (deloitte) post-MBA was 130 base with 47.5 signing and offer to pay for 2nd year of school.

Nov 30, 2011

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Nov 30, 2011