Mbb india salary reddit. A community for consultants across industries.

  • Mbb india salary reddit For all of the major segments, it's pretty much "MBB does italong with 1-3 other T2 firms". 7K votes, 384 comments. Probably the best place in India for a fast track path to MBB and other strat consulting. A salary 2. Inflation isn't going anywhere, people will need a higher compensation to live in general, let alone Tier-1 cities. This trend continues in Thailand, China, Singapore etc. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. details below!! Please give the following details at least, of course more detailed the better: Comprehensive Job Title (e. i-banking can pay $250-350K all in year one. Recruiter reached out about salary range and wondering what a reasonable range would be for an analyst with 2 years of relevant experience in Chicago A wholesome community made by & for software & tech folks in India. Thanks for perspective i guess Reply reply Post-MBA, the salary bump is lucrative. g. Top Foreign >> IIM A = IIM B >> IIMC FMCG or Marketing Job in India. Comp is about 540k AED/year all in Should be the same as if you got a Tepper, Kellogg or SOM MBA. Salary range for a fresher in India? I(ACCA Finalist attempting the final exam in March 7)am due for an interview for a position of audit assistant and they will ask me about my preferred salary. MBB takes a truckload of students, with I think Bain offering the best roles and CTCs. Outsourcing (already see this in engineering consultancies hiring engineers in India and charging them at 50% the rate of U. Even in these IIMs only the top 10%-15% even get a chance to interview with these IB firms because they are the most wanted jobs on the campus. In the U. For Pricing/Product Marketing, Roland Berger is right up there with MBB. S. The Official Subreddit for India. What were May 12, 2023 · MBB pays 50-55 for post-MBA (Consultant / Associate) roles in India, and the growth trajectory is quite nice (expect 15%+ pa). IIM A = IIM B = IIM C >> Top Foreign Consulting MBB Foreign. I’ve seen these offers man. I strongly recommend people don’t join MBB right now due to 3 reasons: MBB has raised up the bar for passing or for getting a good evaluation. MBA is the only route to core IB in India. There are exceptions to the rule, as you’ll see in the report, but this is only the third time in the last 15 years we have What’s the typical MBB salary and bonus range for 2-3 years of experience, pre-MBA? I know B4 salary progression is not as steep — but would love to understand the gold standard. 2. Best. Far fewer hours (MBB BAs will probably average 70-80 hrs and rarely push 85, while IB analysts will average 80-90 with some weeks pushing past 105). 5 crore Big 4 Partner make 1 crore + for a 4 crore Revenue. 5-2x salary per year of experience (or even more in some cases). Have you ever had a stock growth? Or is this pure gross salary (base)? This was gross salary. To add to the benchmark, starting salary is equal to the average Belgian wage. Compared to big4 strategy units in Belgium, my starting salary was roughly 10% higher. MBB principal salary in the US Hi all, I have a friend who told me they were making over the 500-600k range (including base and bonus) at one of the MBB firms (based in NYC) as a Principal with no MBA and in the digital sector. So, for me, there was a 6x multiplier for going to a top-20 school. You can be around 130-150k salary and meager bonus 30-40k signing corporate strategy. Associates (fresh MBA hire) earn a $125,000 salary + $20,000 signing bonus + performance bonus of up to $40,000 + 12% of bonus/salary contributed to retirement fund. Consulting has good pay and is very prestigious in its own right. Open comment sort options. That said, most firms try to be close to parity on base first year - it's the second and third year where the disparity lies. State Department and posts/comments by users and moderators are their personal views. I’d be doing the same if I could Edit: I paid roughly 4. That said, the pay gap between the US and India at the higher levels is getting smaller and smaller every year. K. Aug 31, 2023 · Almost all our tech clients were positioned to far exceed our MBB partners, and they worked half the hours these partners worked. , the average consultant who accepts an industry Not more than 16 I guess. MBB profiles in India are offered to no workex guys because hiring is usually at a level lower than what MBAs get hired at globally. cloudsaves • My brothers in MBB Dubai. Consulting MBB in India. Sep 17, 2019 · Currently makes similar to MBB ~2nd year manager. Salary trajectory is also not as high as if I stayed at MBB but hey, that's the trade you make to be able to leave office at 5:30PM, hang with SO, and sleep in your own bed every night. details below!! Please give the following details at least, of course the more detailed the better: Comprehensive Job Title (e. Majority of them make 3 crore for bringing in 9 crore plus revenue. CA's!! Please share your salary and exp. 5 base for a fresher, but in my college they are offering 12 base. They are paid their local salaries and extra as compensation for taking on the rotation. Otherwise go elsewhere if possible to be a full time Reddit troll Truly an MBB’er through & through, he doesn’t realize his existing 40 hours/week on Reddit constitutes a full time role Also sounds like your base is 1:1 MBB salary and bonus is variable and with poor job security. Practice For MBB, CAN salaries are +/- 10% in nominal terms so 15-30% lower in same-currency terms. 2 days ago · Although your salary increases relatively rapidly within a top consulting firm, you typically receive a pay increase when leaving, as well as a bump in lifestyle. Bain pay slightly more at around £50k, with a £3k sign on and first years get a bonus between 5-15% of base sal. D. Response 1 of 16: All below are total pre tax income excluding yearly capital pump in . Reply reply This Reddit is NOT endorsed or supported in any way by the U. The differences in revenue are similar. Now that I am in a T10 MBA program and am seeing that a full time tech PM role can pay ~250K total comp (a good portion of that is stock). MBB or Big 4 or if Other MBB each have different styles, personally I think BCG slides tend to be way more clear and simple than McKinsey. Jun 10, 2024 · Get the Reddit app Scan this QR code to download the app now. Format: Firm Type: (e. An unofficial IBM subreddit, available to employees, new-hires, candidates, and the public to discuss the company, its history and current events, as well as its products and services. Dec 12, 2021 · 62 votes, 67 comments. you know the drill. in India is over $100,000 a year. Some of the salaries for a normal teacher with salary, housing allowance etc. Average partners ranged around $1M–$2M. Even the partners making $3M+ had base salaries around $300K. Therefore, would like to ask here Average salary: 180k Salary Range: 50-200k Average Signing-Bonus: 31k Median Signing Bonus: 30k Top hiring firms: mbb, followed by b4 (excluding kpmg) & accenture Total number of offers: 800+ Here's some data for rejected offers: Average Salary: 170k Salary Range: 13k - 230k Average Signing-Bonus: 29k Can you please clarify? Is it: 130,000 USD in USA and 130,000 CAD in Canada Or 130,000 USD in USA and the equivalent converted amount in CAD? I wanted to know how much starting pay would be at the consultant or manager role in this group? The internal ACC recruiter said $140K-$150K is mid range at Consultant level. Though, I do miss the intellectual curiosity and rigor from MBB colleagues. staff) would alleviate some of this pressure but still expect salaries to be one of the best across all sectors. Associate level ex-MBA while globally MBAs go at Associate level. Yes, Partners do very well. r/cscareerquestions and even r/cscareerquestionsEU really talk up the career and only see to mention the people who make insane incomes ($2 million+), and by spending time on there one would think that as a quant you'll be making that kind of a salary practically as a guarantee. But consulting has more travel involved (pre-COVID, Mon-Thurs in a hotel with Monday morning and Thursday evening flights) but weekends are largely protected (in my experience with consulting rarely working Saturdays There’s a lot of ifs for this to work out. Q&A. However, the cynic in me would like to dig deeper and find out the finer details of the field MB also have a significantly larger geographical footprint both within the US and internationally. MBA from top-tier B-school India or Abroad and pivot my career towards Management Consulting (MBB firms) Dilemma: Have appeared for CAT thrice and yet did not receive calls from IIMs ABCLKI potentially because of poor grad score (60-70 range) Can give CAT again, try for a 100 percentile, hope that does the magic, and aim for IIM ABC. MBB Analyst salary range . That said, it FAANG LCOL (remote) Product Manager Director $322k base, 30% bonus base, $1. Do think salary is actually MBB principal salary in the US Hi all, I have a friend who told me they were making over the 500-600k range (including base and bonus) at one of the MBB firms (based in NYC) as a Principal with no MBA and in the digital sector. McK ($10B), BCG ($8B), Bain ($4B). Slightly underperforming compared to MBB. I think the pay gap grows over time starting at manager. The knowledge and hard skills are valuable, but can be attained much more economically (Khan, Udemy, HBx, etc). McK, Bain & AtK Partner Comp Ranges from 2 crore BCG/Tier 2 Strategy Partner ranges from 1. This is split pretty much 50:50 into base salary and bonuses. What’s not an if is mbb has much much higher pay than most internal strategy roles directly after mba, so go that route. Its not only that the BA Oct 25, 2022 · 1. Controversial. Although i worked in an European office, but maybe sharing my experience can still help. Up until recently, Deloitte consulting paid more than MBB at the IC level (analyst and post-MBA associate). Bonuses are highly variable and can be upto 2x base in good years and as low as 0 in bad years. MBB usually hires people with stellar credentials, It's true tech salary are much higher than that, Oct 25, 2022 · So if a do the internship for example in MBB which have an anual salary around 180K, if im there 3 Months may i expect 10-15K per each Month? This Reddit is NOT endorsed or supported in any way by the U. If you do Marketing/Sales roles at MBB for 2 years, you'll fail trying to pivot into a PE/VC role 100% of Title says it all. You'd likely cross 1 Cr in 4-5 years if you Jan 16, 2022 · I recall seeing somewhere MBB post-MBA associate role pays $40K in India which is a fortune there. Old. Not sure if Accenture Strategy has matched yet but it's likely coming. PLEASE note that even at MBB, you MUST get staffed on those projects. By that time i was laid off from this MBB, i was only 5 months in the Firm. Year one post undergrad: 43k Year four post undergrad: 49k Year one post MBA: 100k (salary - not including signing/moving) Year three post MBA: 137k (salary - not including bonuses) So yes, it can be worth it. Like I'm getting interviewed by Microsoft Azure Network team for SDE2. $40K roughly translates to 30 Lakhs, which is above Base: $151k RSU: $136k over 4 yrs Bonus: 15% ($23k) No sign on TC: $219k This I have an opportunity working for my dream company but I was told my salary expectations were too Senior partners make 10 crore + for 40 crore portfolio. For more info go to /r/Save3rdPartyApps/ &#x200B Candidates pay for the privilege of not getting lost in the shuffle of online applications. 5 years including just under one as manager. student, didn't hurt. MBB recently raised their base out of MBA to $175k. I've never seen a MBB partner in their late 20's. I assume it's MBB and you are EM/Consultant. Then again, these are people who want to pursue an MBA and want to justify taking large loans to pay sticker price at M7s, so do your own cost-benefit analysis. For the Class of 2022, MBB offer/starting was $175k. . Usually 30% goes towards team salary and rest gets 50:50 3 days ago · At both the pre-MBA and post-MBA entry levels, 2025 consulting salaries stayed flat compared to 2024. Note, typical, is the key word. It is also known as the Golden City of the East, Shiraz-i-Hind and The Constantinople of India. Uff, that’s a bit rough. Post ‘your own’ salaries you are receiving or making as a full-time/part-time doctor at any level (MBBS, MD/MS, DM, MCh or Two years ago, the company I exited to would bring in MBB with 2 YOE (with a strong reference) and base salary was only a little lower than MBB post-MBA. IT follows the rule where they generally can pay 1. That too MBA only from Top 3-4 IIMs. EPF is a tax-saving instrument that offers relatively higher interest rates on investments 192/190k for MBB is for the Class of 2023 starting full time in 2023. Mine post-MBA was $150K base with $150K+ bonus. SEO, email marketing, and more - has now been disabled indefinitely in solidarity with the current Reddit blackout to protest the new rules and MBB for 2. Employers pay for the privilege of meeting 30 qualified candidates for every hundred instead of 1 for every 1,000 online. There's also a huuuuge lifestyle difference in MBB's favor when you're talking about LEK specifically. Assuming the client doesn’t Aug 31, 2023 · New partners started around $650K, but most ramped up to ~$800K within two years. At entry level, pay is somewhat similar (very rough estimate: ~$90K for consulting vs ~$110 for IB). USD vs CAD is like comparing apple to oranges. Smart, personable people helped too. When the new base as announced, BB adjusted their comp in September to match, and McK does it at the start of the calendar year with back pay. Ranked CAs are also hired. Saying you’re working less for 2x your MBB pay etc seems kinda disingenuous In reply to the other reply, top schools in almost every country will pay ridiculous wages. You could live on EUR 1000/month in city center Brussels, but that would require a slightly more sober lifestyle. Some non-MBB firms pay more as a starting salary, some pay less but have fast and strong salary hikes pre-MBA, some pay the same on average, and some just pay less in general hahahaha (Big 4 MC in particular). Better hours, better pay, less nonsense placating of senior partners. Note that there are non-MBB firms that don't require you to pursue an MBA for promotions. Superstars and senior partners would push Sep 25, 2021 · Oxford has around 30k GBP base with no Scheme for Internationals and scholarships are mind numbingly competitive vs LSE's 22k GBP and an Undergraduate Dec 19, 2023 · It's a middling grad salary for London, and low for how much you work. 261K subscribers in the consulting community. For reference, that's about the same as a grad salary progression at fucking BT in 2018, except if you adjust for inflation a bit grad was earning the equivalent of 42k today by year 2. I also remember reading somewhere that Publicis offered 7. IIM >> Top Foreign FAANG Product Job India. Lead and Repeating: I'm under 30, work in financial services in india, make over a crore a year (pre-tax). This sub will be private for at least a week from June 12th. Even now, EY and and PWC (not EYP and S&) are listed at $175K on management consulted vs $190-192K for MBB, which is a small difference. Tech is hot right now due to supply issues so not surprised at the salaries being lobbied out. Tech and corporate jobs are scattered but would be more like $125-200K. Consulting or mbb is around 190k salary alone. Is it common for companies to pay more on-campus ? Because I know seniors in my college had 15-16 from Barclays. Aug 28, 2022 · Who says? I was at an MBB this summer and literally everybody on my team was outright miserable. A community for consultants across industries. 2M equity per year approx Not actually in Canada yet but will be moving and have my relocation salary offer. But I think we're seeing what graduates of 2008-09 went through. Lucknow, popularly known as The City of Nawabs, has always been a multicultural city that flourished as a cultural and artistic capital of North India in the 18th and 19th centuries. For example, McK hires in India at jnr. At the top, a GS senior MD will probably be at the $3-5 million range from what I read while an As there's a lot of disparity among salaries within North American Market, let's share Canadian salaries here. Lead and Managing Partners contributes for 60-100 crore portfolios. But post c. I’m coming in with 3 years of management consulting experience and prior 4 years experience in corporate finance. This is a myth or if there is some, they are connected to the hilt. Senior partners make 10 crore + for 40 crore portfolio. It's actually a terrible salary in context. Just wanted to understand how bad is it. The exit opps are similar at best, but you compete against MBB and there still are folks who only want to hire MBB consultants. Signing bonus is 35k, and relocation depends on how many miles you’re moving. Mine pre-MBA was $50K with no bonus. Have a team that I enjoy running. So if a do the internship for example in MBB which have an anual salary around 180K, if im there 3 Months may i expect 10-15K per each Month? This Reddit is NOT endorsed or supported in any way by the U. There is very less information available online about salaries of quants working in India. I recall when I was in college in the noughties, ambitious undergrads would kill to get into IB or MBB despite the long hours. Lucknow is the capital city of the Indian state of Uttar Pradesh. I delayed getting my MBA because I was comparing base pay after school to my current base pay in tech consulting (~120K). Here I am in Canada sulking when comparing my HCOL $52,000 CAD (4 months, prorated) salary for my Co-op lol. 2012, FAANG/BigN have surpassed both entry level IB and MBB in both pay and prestige AND have only half the hours. Edit: I forgot to add that these partners base salary was $250K–$400K. MBA, ex-MBB, 8 yrs in tech post consulting. Top. Please feel free to share study tips, provide prompts for timed essay That said, in terms of economics, MBB pays roughly $150K base + $20-30 bonus directly out of MBA. This is the second, semi-annual, CA Salary Megathread. Accenture may have manager total comp at $225-$250K, whereas at MBB you're at $275K up to $325K Bcz while looking for private college, you should see the infrastructure, the patient flow, their faculty, how structured their academic program is, and how is the college life in general (some pvt colleges treat you like a prisoner), and when you’re paying >1 cr for your degree, how does it matter if you get 13k or 30k? I have a bachelor’s in business and went to get an MBA. Reply reply In india post mba salaries can be 3 lpa to 50 lpa. We A doctor's degree in the US holds value to many other countries, hence making it much more effective as compared to India's (I'm not 100% sure about this, do fact check). Hi all, Trying to gauge the applicable budget for my MBA studies, thus would appreciate some data points in respect of (1) expected (total net) salary received during summer internship (+ any signing bonus), and (2) total (net) signing (+relocation) bonuses received after converting to a FT offer, as well as timing for the receipt of the bonuses. Also for what it's worth, the average employee's salary on non-DoD federal work doesn't rise that quickly over four years because the salaries with mediocre federal rates they are mapped to (compared to commercial) would eat heavily into profit and there are often contractual limits largely based on YOE that prevent mapping people up rapidly Please check once The employee and the employer contribute to the EPF India scheme on a monthly basis in equal proportions of 12% of the basic salary and dearness allowance. 22 votes, 28 comments. New. What salary can I expect for L60 and L62? My current CTC is 29LPA with 7 Yrs of Experience. Got to know from one of my friend (works at MBB-2 yrs work ex) that the bonuses and hikes at MBB in India this year were really bad. Since the license exams are tough, and it requires heavy dedication. He went to LBS. 3M subscribers in the india community. And Hedge Funds and PE can get even higher. They liked the work but the scope kept increasing and the team kept getting smaller because they didn’t want to take Jan 14, 2021 · To your header question, it of course depends what your existing salary is. But this is different from a transfer. I want to work in middle East for 2-3 years and then move back to India. International Tax in CA's!! Please share your salary and exp. Now, the candidates making it through to interviews almost all have ~3 yrs experience and one promotion, and are taking more of a cut in their EM/PL salary because our bands haven't increased nearly as much as MBB. A big part of it was pay and another big part was prestige. BCG also pay around £50k, with a similar bonus amount to Bain. g International Tax in B4, Product Control in IB, Internal Audit in Top Tier Firm, FPA in MNC) Salary in Hand, Bonus and CTC. Have a doubt? 192/190k for MBB is for the Class of 2023 starting full time in 2023. The ISB network is one of the stronger alum networks I know, I have to pay taxes and kinda get annoyed when foreigners complain while working remotely and don’t pay anything lol, but I don’t hold to against them. McKinsey salaries: Business analysts (fresh out of undergrad hire) earn a $75,000 salary + $5,000 signing bonus + $5,000 relocation allowance. Posted by u/Exciting_Stranger_69 - 68 votes and 11 comments We would like to show you a description here but the site won’t allow us. Years of Experience MBB seemed like a great 2-3 year post-doc in business, where I'd learn a new world of stuff and develop exit opportunities. 83 votes, 80 comments. In India almost all Big 4 and the MBBs have staff on rotation from other global member firms. So far, I understand that McKinsey pay a basic Salary of £48k, with ~10% as a sign-on bonus? Not sure about an individual bonus but I presume that McKinsey do pay one. I don't know if this is true. Frankly, only go to TCS if you desperately need a switch. Or Didn't expect such compensation from consulting in 4 years. Not always. 5-500k in taxes last year Also just to clarify, mbb is all 190k+ salaries now, with McKinsey being 192k, and Bain and bCG being 190k. I have been working at 1 MBB in southern Europe as a BA, and have found the salary to be very low. Left to internal consulting in a hedgefund and have since moved into a front office ops role after just under a year. Typical MBB partner is in their late 30's to early 40's, just like every other firm. Just like HSW, MBB is a clear prestige marker that extends even to people in healthcare. All the boutiques and even the Big4 and similar places also produce slides which tend to be just as good as MBB. That said. 5X what an academic postdoc offered, and a signing bonus equal to a year's worth of my scholarship stipend as a Ph. Top Foreign + Foreign Product Exp = IIMA + Tier 2 Company Product Exp 149 votes, 121 comments. The number of unicorns from India and massive VC funding in India has pushed up salaries like crazy in the last 2 years. This type of staffing is expensive but justifies itself by putting on a more "global" looking client team. yntt dvpl srmvig eftmzsv alag plzyi sxugwei jhr vgekb cgpzkzt