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Software House Vs Big Consultancy
 
2 posts
21.11.6
Consultanguage Vol 2 - continued
 
2 posts
22.11.6
Deloitte strategy vs others
 
4 posts
22.11.6
Feedback from Interview - What to ask & improve?
 
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Luggage
 
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IB in big 4 or SC in boutique firm? First job ever...
 
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Deloitte Consultancy US
 
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27.11.6
How to find an organisation that matches me?
 
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19.11.6
Ego trips and cheap shots
 
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Best way to enter MC for engineers?
 
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Work-life balance in consultancy?
 
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22.11.6
Family Business into Consultancy
 
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Moving into Consultancy
 
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Oxford MBA looking for consultancy jobs
 
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To all the spell checkers
 
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Structuring Analysis - Help
 
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20.11.6
ACN - Operating Group or GSL?
 
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17.11.6
Consultancies assisting start ups
 
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Masters Choice
 
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17.11.6
Big Firm or Small Firm?
 
2 posts
20.11.6
snowball's chance in hell?
 
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21.11.6
OC&C Test
 
13 posts
29.11.6
Recruitment firms in the US?
 
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17.11.6
Moving from Accenture...
 
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17.11.6
Moving from BSI to Strategy?
 
6 posts
22.11.6
New Career in Consultancy
 
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16.11.6
Nottingham or Warwick?
 
4 posts
17.11.6
Do recruiters add value? ;)
 
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20.11.6
Deloitte Offer
 
6 posts
16.11.6
should I move to a niche firm?
 
6 posts
17.11.6
IQ Question
 
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16.11.6
Certified Management Consultant
 
3 posts
15.11.6
Are recruitment consultancies needed ?
 
11 posts
16.11.6
acn pay
 
9 posts
17.11.6
McKinsey Corporate Finance Summit
 
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19.11.6
Consulting assignments middle east
 
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CG senior consultant salary
 
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14.11.6
Playing with my niche
 
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19.11.6
Costs of traveling from overseas to interview
 
5 posts
16.11.6
Where is John McBride?
 
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14.11.6
bright or not bright future after MC?
 
4 posts
17.11.6
McKinsey v the Rest
 
6 posts
13.11.6
What is MBB's yield?
 
2 posts
13.11.6
Accenture Technology Solutions Interview for Technical Lead
 
1 posts
13.11.6
Corporate Strategy
 
10 posts
15.11.6
Go to strategy
 
8 posts
15.11.6
PA Interview
 
3 posts
13.11.6
Is a degree the only way into consultancy?
 
2 posts
12.11.6
Accenture operating groups
 
5 posts
13.11.6
utilisation and benchtime
 
3 posts
13.11.6
 

acn pay

 
forum comment
#0 acn pay
 
bombay
15.11.6 00:00
 
can anyone tell me how much to expect at accenture when finishing the two-year grad scheme in UK?
 
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forum comment
#0 RE: acn pay
 
ANon
16.11.6 00:00
 
Low 40's
 
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forum comment
#0 RE: RE: acn pay
 
Bob
16.11.6 00:00
 
Disagree.Following recent change to compensation model you are looking at low-mid 30s. Hence the high current levels of attrition.Also, bear in mind that minimum time-at-level required before being eligible for promotion from Analyst to Consultant is 24 months. With promotions happening once a year, if you join just after the promotion date you will be looking at 3 years before you get to consultant (and get the resulting pay-rise). Worst case: 2.9 years after starting you will still be on less than 30k (while the accountants have qualified and are getting job offers for 50k).NB. there is always the possibility of early promotion.
 
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#0 RE: RE: RE: acn pay
 
Jonny
16.11.6 00:00
 
Bob is pretty much spot on here - the 'worst case scenario' is not all that unlikely either. If you were rated "Consistent with peer group" in both years you would get a 2% pay rise each time, leaving you with a salary of £29,651 after 2 years.As bob says, if you joined just after the promotion date (september) you'd remain on this salary for almost another year as well. If you were rated "below peer group" you'd still be on the starting salary of £28,500Best case scenario: Those rated "significantly above peer group" would get a 10% rise at the end of the first year, taking them to £31,350. They would then be a candidate for early promotion - I'm not sure what the current C1 salary range is but I'm sure someone can enlighten us. Bear in mind this happens only to the top 5% though.You also get the sign-on bonus - 6k at the end of your first month and 4k at the end of your 12th month.At the moment, if you add on the bonus it is still a pretty good starting salary. However, if you don't get promoted the 3rd year salary looks pretty poor!Finally, I feel I should dispel the myth that this is a "grad scheme" - after initial training you are chucked into your first project and that's about it - apart from a nice trip to chicago it's unlikely you'll get any more formal training in your first couple of years. There's no defined "scheme" as such.Didn't mean to write so much - hope this helps!PS - if anyone at analyst / C1 level in any of the other big firms is reading this, how do your salaries compare? I would be very keen to find out whether the current low morale at accenture is justified!
 
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#0 RE: RE: RE: RE: acn pay
 
samuel
16.11.6 00:00
 
C1 equivalent at BAS (EY) 46k, no bonus, no medical, 25 hols and thats it. medical is circa 40 a month. I came from acn after just over 2 years of experience in CHT
 
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forum comment
#0 re:
 
acc.applicant
16.11.6 00:00
 
I'm about to start at Accenture and was under the impression that the standard route was 2 years as analyst and the consultant c1 for which your on circa. 40k.
 
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forum comment
#0 RE: re:
 
curious peter
16.11.6 00:00
 
congratulations. you have been mislead by accenture. welcome to the club!consider applying elsewhere before you join?
 
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forum comment
#0 RE: RE: re:
 
acc.applicant
16.11.6 00:00
 
Believe it or not, I am. There's a few IB's and consultancies who don't start interviewing til around November/December time I'd applied to. It's nice that there's a job waiting if it doesnt work out though and the applications are done a while ago.
 
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#0 RE: RE: RE: re:
 
Jonny
17.11.6 00:00
 
To acc.applicant - Until this year I think you would have been correct - you were guaranteed around a 10k pay rise on promotion to consultant. But it's definitely not the case any more.Also - promotion to consultant after 2 years is definitely NOT a given, this is the minimum time at level, unless you are an exceptional case.I think attrition after the first two years (which is already high) is going to skyrocket. Nobody reasonably expects to start a job and get paid LESS in their 3rd year than in the preceding two years. However this is the situation that many analysts are finding themselves in.We can only hope that enough people jump ship to scare the partners into giving the rest of us a fat pay rise next year!Finally, just for the sake of giving a balanced view, I must confess that you do get a fairly decent benefits package at accenture - 30 days holiday and medical insurance.
 
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