MS S&T or Mercer?!

MS S&T for sure...that's a no-brainer!

it's like choosing between goldman and Duff & phelps

MS will give you better exit opportunities after graduation

You've heard of Duff & Phelps... how did that happen?

I had always thought the exit opportunities would be better from consulting than s&t? Also, if I decide to accept the offer from either (provided I get the offer of course, haha), which do you think would have higher compensation for first few years? Thanks again!

wow, your questions bother me...the compensation question for instance...just verifying...by MS you mean Morgan Stanley, right? Consulting definitely pays less than S&T by all standards

Plus..."I had always thought the exit opportunities would be better from consulting than s&t?"

well, if we were talking about BCG, Bain/ McKinsey here then it will make sense...

I think you'll look more attractive to consulting firms if you did MS...it will enhance how they viewed you analytical and quant skills

Don't listen to these idiots. If you want to go to law school, do consulting.

"I plan on going to law school a few years after I graduate (I'm trying to make some money to pay for tuition)"

also, I'm not saying you should join MS full time. I am saying you should intern at MS so you can possibly get a Bain/BCG/McKinsey full time offer.

...the decision is yours

I'd do MS. If you want to do consulting full time, you can definitely do it from that internship, and it will be good to have a different experience. Also, in the interviews, you can talk about how you didn't like that kind of work, want to do sth more intellectual, etc. Coming from MOW it will be harder to make an argument for why you want to work at MBB.

And if you want to go to LS, I think consulting is better. I know at least two of the above three will pay for all or two years of law school for you (granted you have to come back for two years).

The transfer from MOW->MBB is usually because "I want to broaden my exposure".

Two totally different things. Figure which path you want before asking this question.

Hi - the comp at MOW for the first few years is 60K base + 10 or 15K signing (it might be even higher for interns who sign immediately).

There is a common bonus across the consultants accrued on Dec 31st and paid in March, this year it was 78% of base salary earned in the year ending Dec 31st.

You will be eligble for half the bonus for the stub and the first full year- ie when from when you start unti Dec 31st the following year, you'll be getting half the bonus, after which you get full bonus.

The first raise you get will be on Dec 31st after the firstu FULL YEAR you've been at MOW and raises will be given annually after that. Raises are between 10 and 30% with most people getting in the 20% region.

You can quickly see that compensation jumps during the 2nd full year you've been at MOW (60K initial base * 120% raise = 72K initial base * 1.78 = 128K) And in general, things look good from there on - this is definitely lower than IBD, probably lower than S&T and probably higher than other consulting firms.

Other considerations - if you travel on extended projects, you can potentially sublet your place and save on rent!

P.S. all of this stuff is available on V a u l t.

Oldhat

how can MOW afford such large bonuses?

Oldhat, do you work at MOW? Because those numbers sound ridiculous. Not calling you out or anything, I am just shocked it would be that high.

I do not work at MOW but I am certain about these figures (especially the bonus %) - and there's also a post on vault that gives it -

http://www.vault.com/community/mb/mb_main.jsp?forum_id=5808&expandThrea…

that being said, last year 2 years, the bonus was in the 60s so maybe 78% is abnormally high -

I do not know enough about project revenue splitting to figure out how they can afford such a high bonus, but I do know that MOW prices projects (traditional financial services type projects at least ... not sure about some of the newer stuff they are doing) at a premium. They're definitely not a cheap shop ...

I was under the impression that MOW did P&C insurance consulting specifically.