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Topic Review (Newest First)
02-04-2021 03:12 AM
chickpig
Quote:
Originally Posted by Unregistered View Post
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
12-02-2021 01:08 AM
Unregistered stop going into every thread and ask the same questions.
11-02-2021 10:41 PM
fool886 Anyone familiar with capgemini ¿
What’s the culture like ¿
Dress code¿
04-02-2021 09:36 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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
30-10-2019 10:06 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
30-10-2019 10:00 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
30-10-2019 09:44 PM
FastLightning Consulting pay for fresh graduates are listed here

Wow

s://goodguydan.com/graduate-programmes-income/
30-10-2019 04:12 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
So low?? I was under the impression it is 10 to 12k for fresh mbb analyst
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.
04-10-2018 08:39 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
Lol of course if you are stuck doing all the low level grunt wor!
03-10-2018 08:17 PM
Unregistered 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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