Salary Progression, Deloitte S&O

npvguy24's picture
Rank: Chimp | 2

Looking to intern at Deloitte S&O this summer. Found numbers for FT BA, but what is the salary progression? Not looking at going for MBA down the road.

I've read profiles of some S&O peeps who have stayed on longer than 2yrs and had the "consultant" title, but haven't been able to find any salary figures.

deloitte strategy and operations salary and progression

Like most organizations, Deloitte runs off of a highly defined hierarchy which is outlined below.

U.S. Deloitte S&O rank progression is as follows:

  • BA (2 yrs)
  • Consultant (1-2 yrs)
  • Full Time MBA program (2 yrs)
  • Senior Consultant (2-3 yrs)
  • Manager (2-3 years)
  • Senior Manager (2-5+ years)
  • Partner/Principal/Director

If you fail to move up the hierarchy in a certain period of time, it is likely that you will be nudged out the door. This phenomenon is described by a user below.

Bidibodi Bidibu:

It is very important to note that at virtually all major consulting orgs, including Deloitte, it is an 'up or out' culture. What this means is that if you don't seek an MBA after you've been promoted to consultant, you will be asked to leave. This means a usual maximum of 4 years being spent at the firm post undergrad and pre-mba.

From a salary perspective - consultants out of undergrad can expect $70k + $10k bonus (as of 2012). However, you can read more about salary details on the Wall Street Oasis Company Database.

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Comments (16)

Feb 19, 2012

Don't have any concrete figures either. From talking to people who have been through it for a couple years:

Start at $70k, then annual raise anywhere from 0-17% based on your performance and health of the firm. You start earning a performance bonus after the promotion to Consultant, typically two years after you start.

"Buy gas. It's a sure-fire commodity with no risk except for the sure risk of fire." - Stephen Colbert

Feb 19, 2012

I could be wrong but I think 'Senior Consultant' at 120K may be high. It depends on whether it's pre-MBA or post-MBA Sr. Consultant. If you're just rising up from analyst, I think you'll get pre-mba sr. consultant pay that's lower and you get to post-mba pay after a year or two.

A good person to comment on this would be Manbearpig since he's with Deloitte S&O. But he's also in Toronto, where they pay scheme may be different vs. say New York. Pay also varies with location.

Feb 19, 2012

I'm pretty sure a promotion to senior consultant requires an MBA

Feb 19, 2012

U.S. Deloitte S&O rank progression is as follows:

BA (2 yrs)
Consultant (1-2 yrs)
Full Time MBA program (2 yrs)
Senior Consultant (2-3 yrs)
Manager (2-3 years)
Senior Manager (2-5+ years)
Partner/Principal/Director

It is very important to note that at virtually all major consulting orgs, including Deloitte, it is an 'up or out' culture. What this means is that if you don't seek an MBA after you've been promoted to consultant, you will be asked to leave. This means a usual maximum of 4 years being spent at the firm post undergrad and pre-mba.

"Buy gas. It's a sure-fire commodity with no risk except for the sure risk of fire." - Stephen Colbert

Feb 20, 2012

I'm interested in this as well. I'm targeting Deloitte as a MPH/MHA student. Coming in as a Consultant (assuming a 10% raise x 2yrs from BA level) would amount to $85K to start, which sounds a little low. please see description below:

http://tiny.cc/5alq1

How would I describe myself? Three words: hard working, alpha male, jackhammer...merciless...insatiable.

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Feb 20, 2012
ventjock:

I'm interested in this as well. I'm targeting Deloitte as a MPH/MHA student. Coming in as a Consultant (assuming a 10% raise x 2yrs from BA level) would amount to $85K to start, which sounds a little low. please see description below:

http://tiny.cc/5alq1

Summer associates typically come on full time as Senior Consultants, not Consultant. As a Summer Associate, you can expect summer pay to be about $120k pro-rated for your 10 weeks if it's anything like the MBA SA position.

"Buy gas. It's a sure-fire commodity with no risk except for the sure risk of fire." - Stephen Colbert

Feb 20, 2012
Bidibodi Bidibu:
ventjock:

I'm interested in this as well. I'm targeting Deloitte as a MPH/MHA student. Coming in as a Consultant (assuming a 10% raise x 2yrs from BA level) would amount to $85K to start, which sounds a little low. please see description below:

http://tiny.cc/5alq1

Summer associates typically come on full time as Senior Consultants, not Consultant. As a Summer Associate, you can expect summer pay to be about $120k pro-rated for your 10 weeks if it's anything like the MBA SA position.

Per the description: "High-performing Summer Associates will be given the opportunity to join us full-time as Consultants. Currently pursuing a degree from one of the following programs: MHA, MPH, MHSA, MBA or a MS or MSN with a focus in health informatics"

Deloitte's Healthcare practice recruits MHA/MPA/MPH students at Hopkins, Berkeley, NYU, UCLA, Michigan, Columbia and Cornell who typically come in at the "Consultant" level as described in the position. Most of those students have 1-2yrs post undergrad work experience so I find it hard to believe that a MPH grad from Berkeley or Michigan would come in as a Senior Consultant. Although I would love to be paid $120K directly out of my MPH program.

How would I describe myself? Three words: hard working, alpha male, jackhammer...merciless...insatiable.

Feb 20, 2012

Undergrad BA is 70k + 10k bonus
Last year's raise was 10-14%. It's been 0-3% in really bad times. You start to get a peformance bonus in 2 years when you are a consultant.

Feb 20, 2012
consultantbhai:

Undergrad BA is 70k + 10k bonus
Last year's raise was 10-14%. It's been 0-3% in really bad times. You start to get a peformance bonus in 2 years when you are a consultant.

Any idea of what a typical performance bonus as a 1st or 2nd year consultant is like?

"Buy gas. It's a sure-fire commodity with no risk except for the sure risk of fire." - Stephen Colbert

Feb 20, 2012

Deloitte does not operate an "up or out" policy for better or for worse.

At least that is the official story. If you perform badly you will be asked to leave but as I understand it is possible to stay in a role without progressing according to the "plan". You can choose an alternative track (if you perform well but do not have what it takes do move up) and become what they call an "expert" in your field.

Feb 20, 2012
MrPI:

Deloitte does not operate an "up or out" policy for better or for worse.

At least that is the official story. If you perform badly you will be asked to leave but as I understand it is possible to stay in a role without progressing according to the "plan". You can choose an alternative track (if you perform well but do not have what it takes do move up) and become what they call an "expert" in your field.

Deloitte S&O operates on an up or out policy. If after 4 (maaaaaaybe 5) years at the PRE-MBA level you still haven't left to go get your MBA, they will (in the words of a managing partner) "counsel you out" of the firm. This, along with the OP's question is all pre-MBA. Post MBA doesn't have the same 'ceiling.'

"Buy gas. It's a sure-fire commodity with no risk except for the sure risk of fire." - Stephen Colbert

Feb 20, 2012

Strange, I guess I should've read the posting versus just the title. Sorry!

I guess your original estimate of $85k is fair then, unless the pay scale is also different for that specific program (if so, then guesstimate the pay by adding a 25% premium onto the typical industry pay level).

"Buy gas. It's a sure-fire commodity with no risk except for the sure risk of fire." - Stephen Colbert

Oct 21, 2012

I noticed certain school names attached to some MHA Summer Associate job postings. Does this mean only students from those schools can apply for those jobs?

Oct 21, 2012
kazin:

I noticed certain school names attached to some MHA Summer Associate job postings. Does this mean only students from those schools can apply for those jobs?

No, however those students have on-campus recruiting, which gives them an edge over students from non-target schools.

How would I describe myself? Three words: hard working, alpha male, jackhammer...merciless...insatiable.

    • 1
Oct 21, 2012
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