Management Consultant in Singapore

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. 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.

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.

Originally Posted by Unregistered

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]

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

stop going into every thread and ask the same questions.

[chickpig]

Originally Posted by Unregistered

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

Originally Posted by chickpig

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?

Originally Posted by Unregistered

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

Originally Posted by Unregistered

Kearney for sure, eyp is irrelevant in sg

Why irrelevant?

Originally Posted by Unregistered

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

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