Quote:
Originally Posted by Unregistered
Most people who join MBB fresh out of under grad do it for the career prospects. Money starts to get more interesting most MBA. After 2 years as analyst and 2 years of MBA, you come back to 12-13k monthly as associate (in Mck). As an EM (which is 2 years after Associate), you get ~250-300k annual. AP gets 300-500k and as a Partner (which is 8-10 years after graduating including MBA time) you are looking at 700k-1.2m annual comp. Which is pretty decent even if these people can probably get more working in finance or tech. |
Yep, MBBer here. MBAs are no longer necessary if you join straight out of undergrad. Top performers can make EM/PL in ~4 years out of undergrad and pull 250-300k p.a. (3 years in the US with McK's BA to EM program).
Additionally, a lot of the information about salaries within the industry are misguided, including some in the link above. A lot of firms internalize employer contribution to
CPF within the gross monthly, and hence reflect salaries disproportionate to that of their peers. On a per annum basis, they tend to be more aligned because of bonus structure, other contributions etc. This is commensurate with the global practice of per annum rather than per month salary.