Why are consulting firms so touchy on the salary issue?
After a couple of weeks of work at an MBB firm, I still can't get a firm grasp of the firm's raises and salary levels and different seniority levels! You try to talk to people about it and no-one wants to divulge information. HR is tight-lipped as well. All my fellow undergrad consultants are wondering the same thing.
Can we create some kind of chart with input from fellow Wallstreetoasis members?
1st year - 65K base + 5K EOY bonus + 15K signing and other incentives
2nd year - salary increase ranging from 15-25% - 75K base + 10K bonus
3rd year - salary bump to 110-115K + bonus of 15-25K
1st year - 120K base + ~30-40K in bonuses/other incentives
2nd year - 130K base + ~30-35K in bonuses/other incentives
1st year - 170K base + 30-70K bonus
after that, I have no clue!
How do you fare in terms of salary increase if you're an average performer? 10%? 15%? 30%? What about distinctive performer?