Table of Contents
What are the levels in a consulting firm?
We take a look at how you could progress your career in the consulting sector.
- Step 1: Analyst. Joining a consulting firm as an analyst is the typical entry point following graduation from university.
- Step 2: Associate/Consultant.
- Step 3: Senior Associate/Senior Consultant.
- Step 4: Principal/Senior Manager.
- Step 5: Director.
How long do people work at MBB?
Works out to be 50-60hrs/week. Have had some late nights, but those are usually once or twice a month.
How much does an MBB consultant make?
The standard base salary for an MBB job is now a breathtaking $165,000 to start, and that doesn’t include signing bonuses of $30,000 to $35,000 just to say “yes” to an offer. Annual performance bonuses average another $40,000 a year. Even when you include the non-MBB offers, the medians are extraordinary.
How many hours a week do MBB consultants work?
Typically, both single and married consultants average 56.6 hour work weeks, but about a quarter of single consultants routinely put in between 60 and 70 hours per week. About six percent of the responding consultants say they average between 70 and 80 hours a week.
How many hours do MBB consultants work?
MBB consultants work at least 60 hour – no one is working 40-50.
Is MBB prestigious?
The Big Three or MBB refers to the name colloquially given to the world’s three largest strategy consulting firms by revenue. They are considered to be the most prestigious firms in the management consulting industry.
What makes MBB different?
History, prestige, and expertise are a few of the elements that make MBB the most sought after management consulting firms for business undergrads and MBAs, but there’s a huge list of other factors that attract the brightest business minds in the world – like insane training and development programs, Fortune 100 client …
What is the career progression for MBB consultants?
According to this rule, consulting career progression can be divided into two directions: advancements within consulting and post-consulting. For post-consulting, MBB consultants can choose from a similar list of exit options. Meanwhile, career progression within consulting is a bit different depending on each MBB company.
Which MBB consulting firm has the highest compensation package for graduates?
Among the three MBB consulting firms, Boston Consulting Group (BCG) compensation package is the highest for both entry levels (at $113K for undergraduate entry and $219K for graduate entry). This is because the performance bonus for graduate entry level in BCG ($42K) is $7K higher than that of McKinsey ($35K) and Bain ($35K).
What are the different levels of management consulting?
At management consulting firms, the career ladder usually has 4 to 5 levels: Level 0: Intern – Most consulting interns support other consultants by collecting data or running analyses. Not every consulting firm offer internships. Level 1: Junior Consultant / Analyst – Undergrads enter the firm at this level.
Should I switch my career to management consulting after 10 years?
At MBB, they rarely hire an experienced person straight to manager or partner levels. Management consulting is unlikely a good route to switch your career with 10+ years of experience as you will have to start over again. It is most ideal to start your consulting career as fresh as new graduates! Up or out!