What can an MBA with no management consulting experience (but 5 years technical consulting pre-mba) expects in starting salary (base/bonus/benefits) in M/B/B and tier-2 companies (Accenture/PWD/Delloite etc)?

I am interested in London.

c.£100k all in, maybe a bit more, for MBB type firms

The average starting salary of an MBA grad from Oxford business school was 60-70k last year.

around 5 years ago a typical associate salary at MBB was about £65K plus benefits and bonus (~10%)

For recent MBAs, associates at MBB started on just under £80k basic plus bonus. Next tier (RB, ATK, Booz etc...) £70k plus bonus.EC

£80k basic at MBB? I thought it was more like 70k, and next tear was around £60k basic. Are you sure?

I don't think there is any difference in pay at MBB versus the second tier likes of RB, Monitor etc. Not wrt total comp anyway.When I came out of business school my year did a little bit of benchmarking and found that all the firms paid the same to within a few %. Some bigger basic and less extras, some smaller basic and bigger bonuses. Doesn't matter really, everyone ends up in broadly the same place

And I can't imagine any of them are paying as low as 60k, not if they want anyone half decent anyway

Some of those estimates are rather high - LBS and INSEAD MBAs at McKinsey only get 60k. Just look at the schools' own stats (which are already inflated of course).

> Know at least a couple MBAs from Oxford at Big 4 consulting on Grad positions = ~32,000. Let me guess. Indians?

Parky, your information is just plain wrong.I know LBS and INSEAD grads at McKinsey, and many other firms. None of them started on £60kIf you look at the placement numbers then you will see an average across consulting - this does not take into account the fact that the "strategy" firms pay a lot more than big 4 and boutiques. Maybe this is the £60k you see - I can tell you for a fact that a few years ago base salaries at MBB and companies such as RB, Monitor etc ranged from the mid-high 60s to mid 70s. Wih bonuses etc you were pushing £100k.Salaries have not gone downBig 4 - you are describing grad positions I presume? The only MBA that would accept one of these is one with no prior work experience. In which case they are a fool for doing an MBA at Oxford in the first place

D and Yet Another to-be-MBA: The figures that I have given do not come from estimates, they are from the offers given to people that I graduated with and me. Admittedly this is a small sample and some of them could have inflated the figures, but given that I still work at a similar level in the industry and have a rough idea of where the market is, they're going to be in the right ballpark plus or minus a few k.Parky: I'm guessing that D's guess on how you came up with these values is correct. Go read up on the flaw of averages.Big 4: Some of the Big 4 tried to do similar things to people that I studied with, mostly of Indian origin (as Reality points out.)EC

I personally know an INSEAD grad, 2 LBS grads and an LSE grad all in consulting (class of 05, 06 & 07).None of them got a base salary above £70k. The highest was MBB, associate, £65k, with £10k signon bonus. This was 2006 (boomtime). I imagine this hasn't gone up massively at senior assoc. Don't know what her perf bonuses are like.

someguy,Your figures are bogus.EC

yeah... whatever, anonymous forum and all that. don't let my anecdotal evidence sway you one way or another. just believe an MBA with no consulting experience getting £100k base offers. that's cool too, after all, reality is so inconvenient.

someguy,I work in the industry (and have done for a number of years), graduated with an MBA from a comparable school and work at a comparable firm.My figures ranged from £70k - £80k basic (NB - nowhere near £100k) which are based on real offers from the top two tiers of management consulting firms made to people with whom I studied, including people with similar experience to that mentioned above. I took up an offer in this range.End of chat.EC

Someguy, you are full of it, I never said £100k base. EC has it right.I graduated with an MBA from one of (Chicago, INSEAD, Wharton, LBS, Kellogg) in the last four years.I went to work for one of (McKinsey, RB, Bain, RB, BCG). I know people at every one of these firms. Nobody started on a salary less than £65k. Some were £75-80, but they paid less bonus, while those with smaller base got a bigger bonus.Everbody was paid around £100k all-in, not £100k base, and the differential was a few percentage points. Both the companies and the students benchmarked themselves. This is simply how it is. If you have friends that really started on the salaries that you are talking about then you may want to talk to them because they were shafted

"Big 4: Some of the Big 4 tried to do similar things to people that I studied with, mostly of Indian origin (as Reality points out.)"Wow, Evil Consultant, that was spot on. But (ahem) isnt this sort of strategy a bit discriminatory? Although, I guess, if the people in question accepted then the Big 4s dont really need to worry. Still, this does not feel right.

"Top firms pay MBA market rate shocker"EC, and D: the OP said, and I quote: "What can an MBA with no management consulting experience (but 5 years technical consulting pre-mba) expects in starting salary (base/bonus/benefits) in M/B/B and tier-2 companies (Accenture/PWD/Delloite etc)?"RTFP. I never said all my friends went to MBB! The one that did (now senior assoc) got the offer I described and took it for the CV. It was either that or M1 at ACN with slightly lower base (plus car plus bonus). She was an INSEAD grad, 4 yrs pre-MBA experience at a tier2 firm of international business machines. She got the offer she expected. I don't know her annual bonuses.##The other 3 went to ACN, EY and a boutique SCM firm. D: "c.£100k all in, maybe a bit more, for MBB type firms"? are you really talking about a non-MC candidate (even with 5yrs tech experience)? I don't even know what MBA OP has (if it was top10 it would have been mentioned, no?)Stop getting these kids' hopes up, especially in this job market. Now get off my lawn.

Why not just look on Glassdoor, instead of putting up with the uninformed bickering here?

because informed bickering is never as fun as talking out your backside and insulting strangers on the internet, obv

Gig4,Yep, you're spot on. I thought that it was bang out of order and said so to the people who got such offers. As far as I can remember none of them were taken up.I guess that the companies in question might try to argue that the individuals were getting a different kind of value through the location change as opposed to salary but I'm not personally convinced by that argument.EC

Someguy, I am talking about all MBA candidates that get offers at the top "strategy" firms, as it is a standard offer in each firm.If you don't have pre-MBA consulting experience you don't get a lesser offer. If they want you they will pay.If you go to a lesser school you don't get a lesser offer, you just don't get an offer at all.I am only describing the "strategy" firms, and I have named the ones of which I have specific knowledge in my previous post. They pay the numbers that I have said (i.e. c.£100k all-in). I know this for a fact as I am at one of them.I know nothing about Deloitte and other big 4 firms and so have said nothing about them.You said your friend at MBB got a £65k base offer. This is in line with what I have said. To complete the gap in your knowledge, let me assure you that her bonuses would have taken her total package to c.£100kI am not getting anyone's hopes up. I am just stating what someone at a MBB or similar strategy firm can expect to earn as an MBA hire

MBB MBA level = £70-78k baseBonus = 10-15% = 7k-10kPension = 7% = 5kAdditional = 7kTotal = 89k-100kI know this as I've been in the hiring process right now interviewing these guys, and butchering then on the case studiesThe numbers attest to this - debate closedZB

what's "Additional = 7k"?The sign-on bonus? or something you've made up to get to 100k?

To ZB:Can you please give a some hints on how to prepare for the interview? Anything special (book/course etc) I should get my hands on to survive your butchering?ThanksFuture LBS/INSEAD/IMD MBA

Future LBS/INSEAD/IMD MBA ,For Christ's sake grow a pair. If you do actually get into one of LBS or INSEAD you will have plenty of training for this type on interview and you won't need to ask jokers on this board. Anyone that comes on here and discusses how he/she "butchers" applicants is almost certainly not working for or interviewing for a decent firm.Consider your question and have a think about what ZB can possibly say that you believe and that will be genuinely helpful. My guess would be very little.