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Unregistered 30-10-2019 10:00 PM

Quote:

Originally Posted by Unregistered (Post 124573)
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. MBA isn't necessary these days if you join straight out of undergrad. Top performers can make EM/PL ~4 years out of undergrad and pull ~250-300k/year (3 years in the US with McK's BA to EM program).

A lot of the information about gross salaries within the consulting industry are also false - some firms internalize employer contribution to CPF within the monthly salary, and hence reflect numbers disproportionate to that of other firms.

Unregistered 30-10-2019 10:06 PM

Quote:

Originally Posted by Unregistered (Post 124573)
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.

Unregistered 04-02-2021 09:36 AM

Quote:

Originally Posted by Unregistered (Post 124583)
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.

Lol 250-300k even in 4 years, dream on - current economical climate not withstanding

fool886 11-02-2021 10:41 PM

Anyone familiar with capgemini ¿
What’s the culture like ¿
Dress code¿

Unregistered 12-02-2021 01:08 AM

stop going into every thread and ask the same questions.

chickpig 02-04-2021 03:12 AM

Quote:

Originally Posted by Unregistered (Post 107231)
Hi, not from MBB but from a tier 2 strat house and have a few friends from MBB and in the industry. Hence, happy to hear any updated entry-level salaries over here.

Mckinsey ~ 5.6k / month
BCG ~5.8k / month
Bain ~6.7k / month

Oliver Wyman ~8k / month (not sure about this, just heard from a colleague over a chat)
S& ~6.3k / month
Accenture Strategy ~ 5.6k / month
EY-Parthenon ~4k / month
No info on ATK & Monitor Deloitte

EY - Aug 2017 my friend went into TAS - Operations, 2.9k. Two months later got revised to 3.5k, but heard increment was based on sub-function/line of service/performance.
PwC - 4k (1st year no bonus/increment) -> 2nd year 4k (w bonus)
Deloitte - 3.5k (Not Monitor Deloitte)
KPMG - not sure, heard its quite low
Accenture (Management / Tech Consulting) - 4.3k (incl. allowance of 300 for transport)
Cognizant/Capgemini ~ 3.8k

As a consultant moves up the ladder, bonus will become an integral part of his/her salary.

MBB does not pay the best for entry-level graduates because people just flock to them regardless of salary. Tier 2s, on the other hand, have to "buy talent". Give me a 30% pay cut and i'll still move to MBB any day.

Cheers ~

Kearney ~ 6k / month
Monitor Deloitte only hires at MBA-level i.e. ~ >10k / month

Unregistered 29-04-2022 06:32 PM

compare Kearney and EY-parthenon FSO
 
Quote:

Originally Posted by chickpig (Post 163434)
Kearney ~ 6k / month
Monitor Deloitte only hires at MBA-level i.e. ~ >10k / month

Hi, guys, i am a foreigner in Sg.
i got an offer from EYP FSO. Anyone knows their culture, project? EYP is in Singapore while Kearney is in Shanghai. i also have an offer from Kearney. i am hesitant on which i should take. anyone knowing EYP is available to chat?

Unregistered 29-04-2022 06:38 PM

Quote:

Originally Posted by Unregistered (Post 216228)
Hi, guys, i am a foreigner in Sg.
i got an offer from EYP FSO. Anyone knows their culture, project? EYP is in Singapore while Kearney is in Shanghai. i also have an offer from Kearney. i am hesitant on which i should take. anyone knowing EYP is available to chat?

Kearney for sure, eyp is irrelevant in sg

Unregistered 29-04-2022 09:51 PM

Quote:

Originally Posted by Unregistered (Post 216229)
Kearney for sure, eyp is irrelevant in sg

Why irrelevant?

Unregistered 29-04-2022 09:57 PM

Quote:

Originally Posted by Unregistered (Post 155675)
Lol 250-300k even in 4 years, dream on - current economical climate not withstanding

Also I don’t think MBB-ers browse this forum…


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