Management Consultant in Singapore
Hi all, I'm new here and I'd like to ask some questions and hopefully some of you guys here can help!
I have made extensive readings about the job as a management consultant, but many of these posts are more of the accounts of the consultants from US. First of all, I was wondering if working in one of the bigger management consultant firms in Singapore such as Mckinsey, Bain, BCG requires frequent travels to other countries? If yes, roughly how often would it be? Secondly, I understand that most graduates with bachelors would start of as an analyst, is there an estimate of the salary as an analyst? |
what you have asked can be found in the earlier threads. Do yourself a favor and go through the old pages
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weekly travel if the engagement is outside singapore (most likely)
starting pay is 6-7k for MBB |
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Wow 6-7k is quite low considering in US/EMEA MBB usually pays 10% lower than IBD in a BB. Almost 30%+ lower for Singapore then...
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local NTU grad 1st class... 6-7k entry pay for Bain.
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MBB value add in Singapore is substantially less than the value-add in US/EMEA. Payscale is adjusted accordingly. Only investment banking/S&T in Singapore is benchmarked to New York figure, all other industries are localised and adjusted for local cost of living
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Big 4 Salary
Anyone here know what is the salary for big 4 consulting?
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I hate to say this but if you are MBB quality, I don’t think you will need to ask such questions on this forum.
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Consulting in SG
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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 ~ |
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is it a good idea pay wise to do a mid career switch to management consulting?
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pay is good. but lifestyle sucks. 4 days a week travelling. long hours. kinda difficult for someone with family and kids. most MBB consultants move out after 2-3 years. not to mention the lack of career stability. the up or out kind sucks. but usually then again, MBB consultants don't have a problem getting jobs elsewhere |
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Mckinsey 5.8k / month ACN (TC/MC) 4.2k including 300 transport ACN Strat 5.4k KPMG 3k (last i heard) |
Starting salary - about 7k a month before bonus
Travel - expect to travel every week Monday to Thursday unless you are fortunate enough to be on a local case Does it make sense to do it? Yes if you are fresh graduate. It's good exposure, pays relatively well, and you can use it as a step to other jobs. Few people start and end their careers in consulting though - too much burnout and people usually want to move on after a few years of making slide decks. What does it take to get in? Pass the resume screening which means top grades from top overseas or local Universities. When invited for interviews pass successive rounds of tough case interviews. Overall perhaps less than 5 percent who submit their resumes get an offer at a mbb Source: been there done that at one of the mbb |
Quick question, while all the starting salaries quoted seem very attractive, what would the long term progression and earning potential be for someone in say consulting?
Even if you were to start at 6 or 7k for example, would the difference in pay be as significant in the long term? For example a consultant with 8 yrs of exp versus someone in banking with 8 yrs of exp. |
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Consulting pay for fresh graduates are listed here
Wow s://goodguydan.com/graduate-programmes-income/ |
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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. |
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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. |
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Anyone familiar with capgemini ¿
What’s the culture like ¿ Dress code¿ |
stop going into every thread and ask the same questions.
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Monitor Deloitte only hires at MBA-level i.e. ~ >10k / month |
compare Kearney and EY-parthenon FSO
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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? |
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Competition is fierce. FAANG SWE = 110-140k pa starting and rises to 300k+ in 4-5 yrs. If you think young folks arent paid this amount, you are stuck in your own world with $200 increments thinking no one deserves more. These are folks who do 3-4 internships while you shake leg during every break. If you want to get better, go work on your cv instead of trying to put others down. Cringe bro. |
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Why are people so salty in this forum? 200k++ all in is possible for top roles straight from undergraduate. Instead of being so salty maybe you should reflect why you didn't work hard in school, too busy partying left and right, or your rag and flag or whatever
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Well we have a useless sourgrapes boomer here, who thinks everyone should earn what he’s earning. “How can fresh grad deserve more than S$4k per mth? OVERPAID” L m a o
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For girls, At 6-7 years in MBB you would be an EM level. That’s around 16-18k base, 250-300k all in. At 6-7 years in BB IB you would be Assoc/entry VP level. That’s around 20-30k base, 400-600k all in. US whiteshoe big law assoc = 20-30k base, 300-400k all in. For guys, maybe take a 20-30% discount on those numbers due to 2 years lag. Outside these professional services folks there are also the tech folks. Tech numbers will depend on whether you are in SG or US, and when you got your stocks. The industry is growing too fast and compensation is too unstable for me to put a gauge on things. But SWEs from NUS love to talk up their US comp after going overseas, but that’s stupid. US salaries don’t apply because they pay 40% tax + high COL, and the litmus test is if you do a lateral transfer within a Google or Meta you won’t get anywhere close to your US package in SG with the same numbers (even replacing USD with SGD). But it’s also a good industry and I think SWEs with 5-6 yrs xp can be pulling 250-350k depending on which firm they are in. |
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Cravath starting is already 215k USD = 300k SGD (not including bonuses). 4 - 5 years in would be close to 480k (not including bonuses). |
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