Strategy& salary increase (post-MBA)?

togoto's picture
Rank: Chimp | banana points 15

Hi,

Does anyone have information on post-MBA salaries at Strategy&? Management Consulted currently says that there are "ongoing internal discussions to raise" the current salary of 150K, so I wanted to see if anyone had new information to share. Given the recent hikes at MBB, where starting salaries are now ~165K, I imagine tier-2 shops are starting to follow their lead but seems like Strategy& has not shared their latest salary decision. Any help would be greatly appreciated. Thanks!

Comments (13)

Feb 27, 2019

Answered this question on another thread, but yes, leadership has confirmed that if you have an outstanding post-mba offer, it will be adjusted to 165K before the fall start date.

Feb 27, 2019

Thanks for the update @BullishMan!

Feb 28, 2019

Sorry to hijack this thread. Do you plan on doing an AMA session about Strategy& any time soon? There were a lot horror stories about Strategy& on this forum in the past (toxic work environment, stealth layoffs, abusive partners/directors and etc). I hope to get a sense of what the company's culture is really like now. Thank you.

Feb 27, 2019

Maybe sometime in the future! For now, happy to answer any questions on this thread.
I'm in the opinion of the "horror stories" being overstated, but I do want to add that I was not around for the supposed wave of first year layoffs that another S& AMA touched upon. I'm sure anyone within that timeline of S& would have a justified opposite point of view.

Leadership has overall, been transparent and for the most part, have tried to address issues within the organization. We recently announced salary adjustments to match MBB, plans to re-sponsor H1Bs, and launched a new S& branding that moves away from the confusing and ineffective co-brand.

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Mar 3, 2019

Could you say more about the branding and how that was communicated to employees? I've seen the new logo / videos but curious to hear more about the messaging around this to current employees.

Also, how does S& think of themselves in the market? Salaries are newly benchmarked against MBB, but who does the firm compete against most frequently? My guess is that this probably varies vertical to vertical, but any insights you can share would be great. Thanks!

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Most Helpful
Feb 27, 2019

Branding was changed to be more polished and carry a stronger, clearer message. For example, we no longer carry the Strategy&, part of the PwC network tagline on our linkedin and website. Other changes will follow, I'm sure, but it's a great first step and shows leadership committing towards the S& brand and not just as some homogeneous, lost advisory group in PwC

Can't speak to who we compete against in proposals in much detail since I'm not a partner / director, but we do win out a lot of projects vs MBB, Deloitte, other T2s etc. A big reason being cited is the PwC backing and turnkey projects we win from other PwC groups. Take Deals Strategy as an example, we have projects for almost every major PE MF, some of which came from our FDD group, which is a market leader. I know there's been a lot of negative chatter about cross-staffing S& folks with PwC, but I personally haven't seen it in the recent months. IDK if that's because things have gotten better, or if it was just a vocal minority complaining in the first place.

We still have issues within the organization, no one is denying that. A big one being that our decision making process is painfully slow at times due to the layers and spans of being part of a firm as big as PwC. But I think S& is positioning itself to be in a great position to start growing its market perception and presence in the next few years. Raising base pay to match MBB, although probably won't win us any cross-offers yet, at least gives recruits the messaging that we value them . Getting smart candidates to grow the practice is best first step we can take in growing the company

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Mar 3, 2019

Was this communicated to current employees/recruiting team only? Any idea when it will communicated to those with fall start dates?

Feb 28, 2019

Rumor is April.

Feb 28, 2019

Summer 2019 interns are getting 165K prorated, so assuming fulltime is the same...

Mar 15, 2019

Does anyone know about for Associates? I'll be starting there in September and was wondering if this salary hike was happening for undergrads as well. I heard that it was being raised to 90K but haven't heard any news from the recruiter or anything.

Feb 28, 2019

Rumor is there will be a bump allegedly announced in April, but I haven't seen it on official channels of communication yet.

Mar 18, 2019

Is Strategy& also matching MBB comp for managers and above? The new starting pay for manager-level people at BCG is $195k. I believe Strategy& was already behind on the previous starting pay which was around $181k at BCG.