Q: Big4 - Yearly salary increment

Originally Posted by Unregistered

that is when you are wrong. when you reach the Senior rank onwards, they will start to identify people to be groomed into potential managers. To sought an "account" on your own is almost guaranteed to become a manager since that is your job when you become one. Not having one means you need to wait and see if they could assign a new or existing one to you. This is a reason why only a limited number of people can become a manager each year since you need to be really good in bringing money for the firm instead of waiting for someone to put it on a plate for you. Thus most of the time people who stayed long would leave at S3 (AM) level since they are not capable of getting accounts under them and thus could not be promoted.

no need identify la... by then u AM / S3 not much people alr .. all want to zhao.. managers also wanna run.
sure need to pass some account and promote some people...

just need to outlast everyone for that hours and salary.

Originally Posted by chickpig

Think you need to do more research. Most Monitor Deloitte, Strategy& consultants have top MBA pedigree, such as from INSEAD. Rest of Deloitte, PwC Consulting do not.

Strategy projects of 6-8 weeks have tighter deadlines, are more intense with longer hours and poorer work-life balance than 6-12 month implementation projects.

Implementation projects have pretty bad WLB too. I just don't think these strategy guys are worth 2x+ our salary. A senior consultant in deloitte earns ~5+, while a senior consultant there is raking in 11-12k with 0 consulting experience (and some don't even have MBAs). Ridiculous.

[chickpig]

Originally Posted by Unregistered

Is all this worth it? Work so much need to maintain account? But still only earn 6k?

You decide.. .or you believe you can be partner LOL..

Consulting managers do not earn 6k, more like 10k instead.

Originally Posted by chickpig

Consulting managers do not earn 6k, more like 10k instead.

You are right that it’s not 6k. But it’s not 10k. M for consulting starts ~8k

[chickpig]

Originally Posted by Unregistered

Implementation projects have pretty bad WLB too. I just don't think these strategy guys are worth 2x+ our salary. A senior consultant in deloitte earns ~5+, while a senior consultant there is raking in 11-12k with 0 consulting experience (and some don't even have MBAs). Ridiculous.

SC at Deloitte not earning 5k right? Glassdoor showing up as close to 7k. Which is fairly comparable to Accenture C/SC pay.

Monitor competes with MBB which are already paying 12-13k for their MBA Associate/Consultants. So Monitor paying 11-12k for MBA SCs would not be ridiculous?

Originally Posted by chickpig

Consulting managers do not earn 6k, more like 10k instead.

no it not.. unless your saying BIG4 management consulting.

Originally Posted by chickpig

SC at Deloitte not earning 5k right? Glassdoor showing up as close to 7k. Which is fairly comparable to Accenture C/SC pay.

Monitor competes with MBB which are already paying 12-13k for their MBA Associate/Consultants. So Monitor paying 11-12k for MBA SCs would not be ridiculous?

If you consider variable bonus and all, its around 6+ monthly for SC1. I am a SC1 getting 5k+ monthly gross (excl. 17% employer CPF just for clarity sake). SC2 incl. bonus can be 7+ i think, but definitely not based on pure monthly gross salaries.

[chickpig]

Originally Posted by Unregistered

If you consider variable bonus and all, its around 6+ monthly for SC1. I am a SC1 getting 5k+ monthly gross (excl. 17% employer CPF just for clarity sake). SC2 incl. bonus can be 7+ i think, but definitely not based on pure monthly gross salaries.

What is SC1, SC2? 1st and 2nd year SC respectively?

[chickpig]

Originally Posted by Unregistered

no it not.. unless your saying BIG4 management consulting.

yes referring to Big 4 management consulting (not tech consulting, not strat consulting)

Originally Posted by chickpig

What is SC1, SC2? 1st and 2nd year SC respectively?

Yes - you are correct.