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21-06-2020, 11:06 PM
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Quote:
Originally Posted by Unregistered
Which firm are you at now?
Taking up a loan to do a target MBA will set you back >100K (excl. oppt cost).
MBB Analyst only arnd ~6k pm maybe ~9K-10K pm for MBA Consultants, so think about the trade-off.
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Not possible 9-10 pm for MBB MBA consultants. I am in tier 2 and our MBA hires get 13 pm. MBB is even higher than that.
MBA at target school is worth it if you make it to MBB/tier-2.
To the application analyst: chances for you are probably low.
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22-06-2020, 01:42 AM
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Quote:
Originally Posted by Unregistered
Which firm are you at now?
Taking up a loan to do a target MBA will set you back >100K (excl. oppt cost).
MBB Analyst only arnd ~6k pm maybe ~9K-10K pm for MBA Consultants, so think about the trade-off.
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Appreciate the replies guys.
Here’s a brief background of myself...
Started out at ACN (hence why I am lurking in this thread) as an Associate-L12 straight out of uni, worked for a couple of years before making a lateral shift to a more tech-focused Eurocentric consulting firm.
Salary’s decent (80,000 per annum excluding OT and perks), appreciate the corporate mileage to travel onsite but the thing is... I’ve always wanted to do c-suite level strategy analysis and unfortunately my current role is far from my aspiration.
I don’t come from a privileged background so I’m down to either sacrificing my current comforts just to do a target MBA or just settle and abandon my aspirations and lead a fairly comfortable life.
My previous bosses were kind enough to write up a partner referral for B-school (haha I kiasu go ask them to write first haha) and while my academics are average, I am confident that my industry experience and my excellent GMAT scores (cuz I retook it 3 times) will give me a good standing for a target MBA program.
So now the only setback is the finances. Is it really worth going the extra mile to gamble on an MBA?
Btw to other readers keen in the consulting world, me and my mates are all in Fish Bowl. Feel free to search up. There are lesser trolls there hehe.
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22-06-2020, 07:46 AM
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Quote:
Originally Posted by Unregistered
Not possible 9-10 pm for MBB MBA consultants. I am in tier 2 and our MBA hires get 13 pm. MBB is even higher than that.
MBA at target school is worth it if you make it to MBB/tier-2.
To the application analyst: chances for you are probably low.
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MBB pays less than Tier 2 because of ‘prestige’ btw - just like how BB pays less than EB for IB.
Nonetheless, you’re right in that OP needs to realise that going to a target doesn’t mean MBB offer secured. You’d still have to do well, be good at casing, networking etc.
And by target, I don’t mean NUS/INSEAD (these programmes place well for Tier 2, but not for MBB). You’d have to attend T25.
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22-06-2020, 10:59 AM
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Quote:
Originally Posted by Unregistered
MBB pays less than Tier 2 because of ‘prestige’ btw - just like how BB pays less than EB for IB.
Nonetheless, you’re right in that OP needs to realise that going to a target doesn’t mean MBB offer secured. You’d still have to do well, be good at casing, networking etc.
And by target, I don’t mean NUS/INSEAD (these programmes place well for Tier 2, but not for MBB). You’d have to attend T25.
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Please fact check.
1. MBB pays higher post-MBA, tier-2 only pays higher for fresh grads. From my INSEAD colleagues: Mckinsey pays 15% more than my current firm.
2. INSEAD places extremely well in MBB. Consulting-focused business schools include kellogg and INSEAD, just as how Wharton and Columbia are finance-focused. then again, they are just subtle nuances. Just search up linkedin on INSEAD MBB and you will find loads...
@Accenture dude: i'm currently studying GMAT as well. many of my colleagues chose INSEAD (sponsored) for 1-yr course hence opportunity cost is reduced. The few who wanted 2-yr experiences went to LBS / MIT / Kellog. In this day and age, probably don't need MBA to enter MBB (its a good to have) if you know someone inside.
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22-06-2020, 11:45 AM
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Quote:
Originally Posted by Unregistered
Appreciate the replies guys.
Here’s a brief background of myself...
Started out at ACN (hence why I am lurking in this thread) as an Associate-L12 straight out of uni, worked for a couple of years before making a lateral shift to a more tech-focused Eurocentric consulting firm.
Salary’s decent (80,000 per annum excluding OT and perks), appreciate the corporate mileage to travel onsite but the thing is... I’ve always wanted to do c-suite level strategy analysis and unfortunately my current role is far from my aspiration.
I don’t come from a privileged background so I’m down to either sacrificing my current comforts just to do a target MBA or just settle and abandon my aspirations and lead a fairly comfortable life.
My previous bosses were kind enough to write up a partner referral for B-school (haha I kiasu go ask them to write first haha) and while my academics are average, I am confident that my industry experience and my excellent GMAT scores (cuz I retook it 3 times) will give me a good standing for a target MBA program.
So now the only setback is the finances. Is it really worth going the extra mile to gamble on an MBA?
Btw to other readers keen in the consulting world, me and my mates are all in Fish Bowl. Feel free to search up. There are lesser trolls there hehe.
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Hey - fellow ex-accenture here. I joined ACN as L11 in Tech SAP (CDO), why did you join as L12?
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22-06-2020, 12:07 PM
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Quote:
Originally Posted by Unregistered
Please fact check.
1. MBB pays higher post-MBA, tier-2 only pays higher for fresh grads. From my INSEAD colleagues: Mckinsey pays 15% more than my current firm.
2. INSEAD places extremely well in MBB. Consulting-focused business schools include kellogg and INSEAD, just as how Wharton and Columbia are finance-focused. then again, they are just subtle nuances. Just search up linkedin on INSEAD MBB and you will find loads...
@Accenture dude: i'm currently studying GMAT as well. many of my colleagues chose INSEAD (sponsored) for 1-yr course hence opportunity cost is reduced. The few who wanted 2-yr experiences went to LBS / MIT / Kellog. In this day and age, probably don't need MBA to enter MBB (its a good to have) if you know someone inside.
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Most of the peeps who went to INSEAD & are currently working at MBB are already orgininally from there (at the undergrad/junior consultant level).
OP wishes to rebrand with a MBA tho and tbh the cost for INSEAD MBA is still pretty darn high.
Maybe you can opt for NUS MBA (~70k) instead? Places well into Tier 2 and you'd still be able to do C-suite strat work/BTO
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22-06-2020, 12:12 PM
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Quote:
Originally Posted by Unregistered
I heard Accenture tech consulting even takes in grads with pass degree now. It's damn ridiculous.
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If only there’s a way to let the leadership/hr know of our concerns. But theyre
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22-06-2020, 06:29 PM
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Quote:
Originally Posted by Unregistered
Most of the peeps who went to INSEAD & are currently working at MBB are already orgininally from there (at the undergrad/junior consultant level).
OP wishes to rebrand with a MBA tho and tbh the cost for INSEAD MBA is still pretty darn high.
Maybe you can opt for NUS MBA (~70k) instead? Places well into Tier 2 and you'd still be able to do C-suite strat work/BTO
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Heyy .. I actually disagree with this.. in top B-schools there are always a certain percentage who have been sponsored by MBB and tier-2. That % indeed is on the high side in INSEAD. But that doesnt change the fact that INSEAD does place extremely well into MBB for people who are seeking to make a move..
Just did quick search on Linkedin - do take note that this is only for Mckinsey SG in past 2 years, I havent even counted Bain / BCG hires. Also, INSEAD has huge diversity so majority won't even be looking to settle in Singapore (many from middle east though):
s://.linkedin.com/in/li-bo/
s://.linkedin.com/in/aliceliaisi/
s://.linkedin.com/in/leeyangen/
s://.linkedin.com/in/clementhuguoren/
s://.linkedin.com/in/akshata-suresh-09229341/
@OP: If you want to take an MBA, i suggest dont bother with NUS/ NTU/ SMU. INSEAD is 40-50k more expensive than NUS but from my POV, if i only got NUS offer, i rather not take an MBA. Key decision points for me include:
1) location of work post-MBA (e.g. INSEAD places extremely well especially in Europe, HWS has global recognition amongst employers, if you choose US then city of school does make a slight difference as to which office you join too etc.)
2) # of years of MBA program (2 years? US b-schools/LBS. 1 year? INSEAD or oxford/cambridge if you don't mind small alumni size/generally less prestige for judge and said)
For me, my application order would probably be HWS > rest of M7 > LBS + INSEAD. Anything less - i would not go for it, opp cost just too high.
I'm ex-accenture too!
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22-06-2020, 11:29 PM
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Super Member
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Join Date: Jan 2015
Posts: 471
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Last year increment is very bad
anyone know what is this year increment?
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