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2. The consulting space hosts a wide spectrum of functions such as strategy, operations, human capital, IT, etc. To lump management consulting as one industry and compare all firms without exception is one-dimensional. For example, Accenture is largely associated with the IT landscape, while Oliver Wyman is known for financial services consulting. The MBB boys deal with C-level execs (strategy consulting) while Deloitte is known for their S&O (strategy and ops) function. So, while you can preach about MBB being way above the rest (they are, I don't dispute that), there are major differences in terms of how these consulting firms compete. Bain and BCG were set up to compete with McK in the strategy space, and the others set up to fill the market gap for operations (lower level) consulting (HR, Finance, IT consulting). 3. I know of local grads who were recruited into MBB just this hiring season in Singapore, so.. they do not just hire from iveys, let alone the dean's listers from iveys. At the end of the day, I responded to the claim that the Big 4 consulting firms were oceans apart from MBB and way easier to get into. I am defending the others because I feel that the original statement made is miles off the truth, and the purpose of this forum is to provide meaningful information to those who request it for the benefit of the community. While I never disputed that MBB will always be the big 3, I don't believe that just because that is so means that the other firms are not good companies or worthy to note. Take a look at managementconsulted.com, there are some very good articles and insights into the industry with various current/past consultants from MBB, Deloitte, O.W, etc that offer an in-depth look into consulting. |
haha listen to some of you guys debate over consultant ranking / prestige etc really funny, come on guys what we care is what it means to an individual offer in terms of pay and promotion. who cares what rank the company is or how prestigious it is?
base on what i read here a management consultant fresh grad is offered 42k annual base in a big4 consultancy - this is a joke compared to most MAP offered by banks and MNCs, even some management trainee programs in local firms & public sector can do better. for me if no choice that is the only offer then of course take, if not why accept this kind of lousy offer and long working hours? Just because the company is ranked high? or it is more prestigious? you gotta be joking... |
I wanted to join one of the big 4 as well during my undergrad days. At first very happy when KPMG offer, but after see them just give out offers to any tom dick or harry (abt 2/3 of my coursemates had an offer from a big 4 and some even have 2 or more at the same time) simply gave up and look for other things more interesting. Never looked back since then.
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It's the truth that when you say you're a consultant, nobody will think of Big 4, they will be thinking of Bain, BCG, etc. It's also true that the state of consulting in Big 4 in Singapore is pretty lousy compared to the big names. Maybe it wasn't clear that the discussion was constrained to Singapore only. In US PWC and Deloitte are big names in the consulting biz, but definitely not here in SG. It's common knowledge that Deloitte is usually ranked last in the big 4, yet in US they are one of the strongest. Not very fair to compare the SG "branch" with the US "branch".
All are welcome to join big 4 consulting if you think it's prestigious, don't complain 2-3 years down the road when you realise your pay sucks and first thing people say when you tell them you work in big 4 is "oh, you're an auditor?" |
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I will not provide any further details on the graduating students who obtained the offer for the sake of confidentiality. This is the internet; believing me or not is up to you. I don't stand to benefit from it in any way. Happy to answer any other forms of queries if you have though. |
Hi Guys,
I have a big 4 offer for Management consulting in London. I'm just wondering whether the London experience would be valuable or I would be better off coming back home. |
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We are talking about public linkedin profiles here, what confidentialty are you going on about? Please don't tell me that all these supposed fresh local uni management consultants have all vanished without even a trace online? I have briefly looked through linkedin, I don't find any. Seems rather coincident that all these local uni hires have no public profile and all very confidential. BTW I also notice your sleight of hand in changing positions without really admitting. Earlier on you proclaim with confidence about local uni hires in MC roles in MBB. When challenged by another poster that he knows of no fresh hire MC from local uni from McKinsey, suddenly now you change tune and say you know of 10 but all just happen not to be in McKinsey, so am I to assume these 10 secretive individuals whom you know of without any online presence are all from BCG or Bain? |
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I just did a quick search on google. Not sure why the other poster did not manage to find any. Just search "(Mck/Bain/BCG) (smu/ntu/nus) linkedin". You can find many examples around. Here's an example: s://sg.linkedin.com/pub/ren-liang-tan/8a/914/89a There are many more profiles around. |
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Like he said, chill... there really is no need to be upset. Were you rejected by MBB? |
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For e.g. there is this guy who came from BCG, he is about late 30s, a junior partner probably at the career end. He come to Singtel, take up a VP position get all the perks, shares and bonus of a executive and not to mention damm lots of people below him in his department. A typical deg grad that join Singtel from scratch will not even smell a Director at this age, not to mention a VP. |
3rd party
Im not surprised at all MBB hires local grads (the top ones of course) as some are in Goldman Sachs as well. And Ibankers make even more than consultants. Peace Out.
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That was what I read online too, that MBB Consultants who cross over to join corporate firms do so at a higher level but I realised over the years in various large MNCs/local GLCs that in reality, unless they are really good at strategy (in which case they would be treated in the same way as their non-consulting superstars in most companies), otherwise most of them assume a role at a level similar to someone who jumps in from another corporate firm. |
To clarify, what is the price range (lower and upper limit) for a consultant and a senior consultant for a Big 4 (2 letter company)?
I have 8 years experience in financial service industry and a couple years of consulting background but not nearly the same management consulting/project consulting experience as in the big 4. I am going through the rounds of the interview and seems like i might have to take pay cut if I go into the big 4. Kindly advice. Thanks! |
Anybody got into Big 4 this year? Mind sharing what the starting salary is for Audit for this year? Thanks.
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Manager salary
Hi all
I was recently offered a role as manager with the advisory team in one of the big4s. May I please have some insight regarding the salary range of managers? On average, what is the yoy salary increment like? Thank you! |
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How many Partners for Big 4s are there in Singapore? For the ones earning >$250k per year. Would appreciate a breakdown of the following:
1) Total number of Partners for all Big 4s 2) Breakdown into Audit/Tax/Advisory/etc 3) Chances of advancing from Manager to Partner (I understand that the chances of advancing from Year-1 Auditor to Partner is 1-2%) Thanks! |
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Current salary 180k and was wondering if I'd be pricing myself out of the market by asking for a 20% increase. |
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Do mgr in Deloitte need to bring in sales as part of their KPI?
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Many people here seem to think that you basically reach partner and that's it.
No! Generally there are 5-8 levels of partners across the big 4 and the pay differs widely. If you are at the entry level partner level 200-250k all-in is quite common. The very senior ones will of course hit above 1 mil, but those tend to be executive level, I don't think there is any local executive in any of the big 4 based in SG now, a couple of caucasian expats at most. |
I notice those who are outisde of the industry always think big 4 is very highly paid, prestigious to work for, partners make big bucks etc. But this is just a myth actually.
If you compare like for like big 4 pay is actually quite low, more comparable to a local blue chip company / GLC then a global top 100 MNC. Many layman also equate big 4 as equal to high finance, this cannot be further from the truth. If you compare an entry level partner pay with similar entry level MD pay in a global bank, the latter earns at least 2x the amount. When I was a Director for KPMG, many people expressed shock when I chose to move to a German MNC as a finance manager thinking I got a big pay cut. They were even more shocked when I told them I got a 15% increment by joining them. |
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FYI I was not referring to senior manager which makes on average 10k/month only. The payscale is as such: Associate 3k Senior Associate 4k Managers 5-8k Senior Managers 9-11k Directors 12-16k Partners 20k and above The previous poster who used to be director in KPMG can probably agree that my figures are roughly there. There is slight variation between big 4s and departments but the rough idea is there. Don't be fooled by the "partner" tag... there are many more internal levels for them to climb. But once you make partner you're 99% assured of a job all the way until retirement. It's up to you whether you retire with a 20-30k salary or a 50-100k salary. |
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