Management Consulting with non-MBA Master's Degree

STATAL's picture
Rank: Senior Chimp | banana points 17

Hi all,

I will be entering a top-tier MHA (Master of Health Administration) degree program this fall and I'm thinking about going into healthcare management consulting afterwards. By the time I graduate I will have two full years of working experience (1 in my current job and one in the residency I will do for my program). If I'm looking at going to a Deloitte or a Booz Allen, what type of salary do you think I will be offered/what level position will I be eligible for right out of school? I'm assuming it won't be as high as MBA graduates get offered.

Any response would be much appreciated! I know a lot of people wonder about this type of stuff.

Hi Anonymous Monkey, upload your resume and land a job

Members that upload a resume get 2.3x the number of interview invites through the Talent Oasis. Learn more.

Comments (28)

Mar 27, 2013
LSTAT:

Hi all,

I will be entering a top-tier MHA (Master of Health Administration) degree program this fall and I'm thinking about going into healthcare management consulting afterwards. By the time I graduate I will have two full years of working experience (1 in my current job and one in the residency I will do for my program). If I'm looking at going to a Deloitte or a Booz Allen, what type of salary do you think I will be offered/what level position will I be eligible for right out of school? I'm assuming it won't be as high as MBA graduates get offered.

Any response would be much appreciated! I know a lot of people wonder about this type of stuff.

What type of work experience do you have if you don't mind me asking? I also look forward the responses since I'm looking into the same degree/career path.

Learn More

2,037 questions across 209 consulting firms. 11 Cases developed by a McKinsey Associate, 10+ hours of video. The WSO Consulting Interview Prep Course has everything you’ll ever need to ace your consulting case interviews. Learn more.

Mar 27, 2013

Sounds like you're going to the Hopkins MHA program. If so, Deloitte S&O recruits from the program for the residency year. You would join as a consultant with a starting salary of $85k.

Mar 28, 2013

The above sounds right. Other firms would most likely offer a similar salary/level. There are exceptions, for example Huron and PwC. I've seen PwC offer MHA grads positions as associates ($65K), which is the equivalent of a BA at Deloitte. Huron offers MHA grads analyst positions ($60K).

Definitely leverage your industry specific "MBA" to firms or apply to firms (like Deloitte) that recognize the value of your degree. There is no reason a fresh college graduate with a BA in History should be getting paid the same as someone with an advanced degree and industry specific knowledge from a top tier school.

Certified Consulting Pro - Learn more.
Mar 28, 2013

Another thing to keep in mind with Deloitte: apparently career progression for MHA grads isn't quite the same as for others. For example, although you can be promoted to "senior consultant", you will NOT be paid the same as incoming senior consultants that are fresh from MBA programs (industry-specific knowledge etc. be damned). From the current MHA-holding Deloitte types I have spoken to, this variance exists regardless of prior work experience etc.

Mar 28, 2013

Thanks for all of the responses, this has been more informative than I anticipated!

HIT14:

Another thing to keep in mind with Deloitte: apparently career progression for MHA grads isn't quite the same as for others. For example, although you can be promoted to "senior consultant", you will NOT be paid the same as incoming senior consultants that are fresh from MBA programs (industry-specific knowledge etc. be damned). From the current MHA-holding Deloitte types I have spoken to, this variance exists regardless of prior work experience etc.

HIT14, would you mind elaborating a little bit if you can? Is it more difficult to progress up the ladder or are the salaries just lower? Also, how much lower would the salary be? I appreciate your help!

Mar 28, 2013

From what I've heard, it's no more difficult to actually move up the ladder. However, the salary apparently doesn't keep pace. Unfortunately, I dont know how much lower the salary actually is, but you could probably look at ManagementConsulted salaries for MBA hires and pick a point between that salary and the entry-level $85k one. Feel free to PM me if you want additional information about consulting prospects out of the Hopkins MHA program.

Mar 28, 2013

I'm about to graduate from a similar program and will be joining Deloitte S&O at the consultant level this fall. However, my starting offer is just over six figures although not as high as the direct MBA hires.

HIT14, I'd be interested to hear anything else your Deloitte types may have mentioned about the discrepancy in salary levels.

Mar 28, 2013
remardy:

I'm about to graduate from a similar program and will be joining Deloitte S&O at the consultant level this fall. However, my starting offer is just over six figures although not as high as the direct MBA hires.

HIT14, I'd be interested to hear anything else your Deloitte types may have mentioned about the discrepancy in salary levels.

remardy, if you don't mind me asking, how many years of work experience do you have?

Mar 28, 2013

A couple months shy of 2 years before grad school. Half a year during grad school. Feel free to PM me for details.

Mar 28, 2013

Remardy, I unfortunately dont have any further details regarding the issue. Perhaps it was just a function of the amount of work experience they had, but my assumption was that large firms generally try to have standardized "salary bands". In addition, one of the individuals I spoke to had 2 years of experience prior to entering the program, and therefore shouldn't result in the (seemingly) sizable salary discrepancy.

Learn More

2,037 questions across 209 consulting firms. 11 Cases developed by a McKinsey Associate, 10+ hours of video. The WSO Consulting Interview Prep Course has everything you’ll ever need to ace your consulting case interviews. Learn more.

May 16, 2013

Just wanted to provide another data point. Like remardy I will be graduating from a similar program (I was offered admission to the Hopkins MHA program as well) and will be joining a boutique healthcare consulting firm in the fall. My starting offer is just under six figures (not including bonuses).

I had 3 years of clinical experience prior to graduate school plus a summer internship at a internal consulting group for an integrated healthcare system.

Certified Consulting Pro - Learn more.
Nov 7, 2014

any update on this thread? did you find out anymore on salary progression

Nov 10, 2014

Commented in the other thread as well, but I came into graduate school with a little more than 1 year of work exp and was offered six figures at Deloitte. Could be due to the fact that I'm moving to a city with a very high cost of living.

Nov 11, 2014

my friend did a MPH and got an offer for $100k at Deloitte.

Certified Consulting Pro - Learn more.
Nov 19, 2014

I know I'm bumping an old thread but I'm interested in the masters program at JHU. Was wondering if anyone else had any information they could share...Also what kind of GMAT is competitive at this program?

Nov 19, 2014

I know I'm bumping an old thread but I'm interested in the masters program at JHU. Was wondering if anyone else had any information they could share...Also what kind of GMAT is competitive at this program?

Jan 20, 2015

any update on MHA consulting salaries?

Jan 20, 2015

Are you looking at schools in Asia or the US? What will the company support you with?

"Even if you're on the right track, you'll get run over if you just sit there" - Will Rogers

Jan 20, 2015
OttoReadmore:

Are you looking at schools in Asia or the US? What will the company support you with?

Hey, thanks for the reply.
Doesn't matter the location. I can go to Asia, Europe, North America, wherever.
Personal preference would be institutions with global pedigree as although my undergraduate institution is a "target" and ranks very well, it is not very well known in the Asian markets.

Company will pay for tuition and half of living cost but I mean tbh, I don't really care about the money that I have to personally spend. It might sound douchebag, but coming from family money, I do put level of education and pedigree over how expensive the education would cost me.

Thanks for the help!

hello.

Jan 20, 2015

I would go to a school in the US. The US is kind of seen as the "gold standard" for higher education. Maybe look at Master's in management programs or a master's in the field related to the industry you want to be in long term.

"Even if you're on the right track, you'll get run over if you just sit there" - Will Rogers

Jan 20, 2015

Bump?

Jan 20, 2015

Deloitte and PwC's healthcare verticals recruit at top ranked MHA/MPH programs so you should benefit from OCR. Otherwise reach out to alumni working at firms you are aiming for.

Certified Consulting Pro - Learn more.
Jan 20, 2015

Network. Seriously. Nonstop. MBB seems pretty tough if you're coming from the health side without a MD or PhD, so look into more boutique firms. They seem to appreciate the health econ mph background. Accenture, Leerink, IMS, LEK, PwC, Oliver Wyman, ZS, Deloitte, the list goes on.

Jan 20, 2015

Deloitte definitely recruits out of MPA/MPH programs. I know people that joined Deloitte S&O from UT (LBJ School) and Arkansas.

Harvard too, but it's Harvard.

Certified Corporate Strategy Pro - Learn more.
Jan 20, 2015