Comments on: The truth behind management consulting salaries: from analyst thru partner

By: Bob Evans

Bob Evans — Fri, 03 Feb 2012 16:23:00 +0000

Libra1982/Acechaser4: I’m assuming you’re right about Tech/IT consulting salaries as well as the financial advisory services sections at the Big 4. And in at least one or two of the four firms, that may be the only services they provide.

However, I assure you that Deloitte Consulting, despite its categorization as a “Big 4,” plays in the same field as what is described in the post. They compete directly against MBB for post-MBA hires at the top schools and therefore pay accordingly. In some cases, they offer additional compensation to overcome the lower perceived prestige vs. MBB. Also, given PwC’s recent M&A in the strategy consulting realm and recruiting on certain campuses, I’d expect they also compete to some degree for these kids.

In summary, you’re right to distinguish the strategy consulting folks from the tech consulting folks and the “financial advisory” folks, but the salaries above are reflective of the strategy consultant folks at these firms based on my personal experience and second hand discussions with friends.

By: Acechaser4

Acechaser4 — Tue, 24 Jan 2012 16:21:00 +0000

I agree completely with this!
I just got an offer from Big 4 Tech consulting for 87. plus 5 sign on.
When I asked if there was any room for negotiation, they told me that this was pretty much competitive with the market.

So I would assume … post MBA big 4 advisory will be around 90 starting. THIS SHOULD BE ADDED

By: Mdanek1

Mdanek1 — Sun, 22 Jan 2012 20:37:00 +0000

Not quite sure if you’re replying to me…if you are, I’m referring to an Emergency Medicine group, not consulting.

By: LOUISVILLE_go_CARDS

LOUISVILLE_go_CARDS — Sun, 22 Jan 2012 13:54:00 +0000

This is not true at all. Any average entry-level consultant making that much as a fresh grad, I would love to meet you.

By: DocSavage

DocSavage — Thu, 19 Jan 2012 19:23:00 +0000

Hello Everyone,

I’m an MD/MBA and graduated from a top medical school, who’s currently in his last year of residency in Emergency Medicine at Johns Hopkins. I truly enjoy the science and practice of medicine. However, as an MBA and a person who’s traveled extensively, I enjoy the art of business and developing strategies to streamline efficiency. Plus the pay aint bad! Ideally, I see myself as a CEO of a Hospital while still practicing medicine 1day/week (For those of you who do not know, this is a developing trend for MD/MBAs who chose the Hospital admin. route) Avg big city hospital CEO salaries for clinics pulling in 2Bill+ in revenue/yr is btwn 800k-1.5m.

My question is this: If I were offered a position at McK&Co, and stayed for 1-2yrs, which seems to be the average turnover rate, how would my experience accumulated in that time, reflect in my ambitions?

I’m a bit worried about the paycut for those 2 years, as it would be substantial, since I have an offer to join a group in the Midwest for 350K with 6weeks paid vacation!!!…and I’m TIRED of my peanuts GME (residency) salary!!!

Or, should I simply stay within the Hospital framework and work my way up through managerial/supervisory positions?

Essentially, would the prestige of working at McK&Co accelerate my desire to become a Hosptial CEO faster?….do I have this ass backwards? I’m 33 years old now and I want to run that ship by age 45.

Any insight is appreciated…sorry for the mini novel.