Closed due to inactivity

This post has been edited by daidzz: Dec 27 2015, 02:28 PM

Closed due to inactivity

This post has been edited by daidzz: Dec 27 2015, 02:29 PM

To be frank, I don't think there's much overlap between the universe of people who have the capability to get into McKinsey, BCG, etc, and the universe of people who frequent LYN.

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This post has been edited by daidzz: Dec 27 2015, 02:31 PM

What's the cultural difference in KL vs the bigger offices? Also how much responsibility do you actually get in the KL offices?

MBB here is far removed from the Accenture and Big 4 here though, having dealt with both side.

In case you didn't know.........Accenture has AccentureStrategy launched about 2 years ago. They are eating into a lot of MBB deals. This is also why McK is building up its Operations practice....can't compete with Accenture Strategy and Deloitte and others who are strong in transformations and execution. Though MBB still dominate corporate strategy.

Not forgetting that Deloitte bought Monitor, while PwC bought Booz. The strategy space is getting a bit crowded.

Yes these acquisitions have been interesting - from my knowledge, however, Accenture for the most part does not usually directly compete with MBB for strategy projects but rather for implementation/operations/technology engagements.

From what I gather, it seems that smaller offices have a culture where the consultants are closer and tend to know one another, rather than feeling like an enormous organisation. I'm sure the level of responsibility is the same, however the types of projects you work on will certainly be different - e.g big financial institutions in NY, tech companies in Silicon Valley, O&G Companies in Texas, - i think the offices are more likely to have geographically-relevant work.

can knowledge management consulting be categorized under IT consulting?

Is it true MBB pays USD in Malaysia?

not true

Sorry whats MBB ?

McKinsey, Bain, BCG

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This post has been edited by daidzz: Dec 27 2015, 02:29 PM

Ah Okay thanks aka "The ConMan's trying to con and confuse "

Heard BCG fresh grads getting 8 - 10k per month. Think McK and Booz were similar. Any truth to this?

nope..the figure isnt around thr... but fr a gd kid out of school targeting acn mc is a good place to start..

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This post has been edited by daidzz: Dec 27 2015, 02:29 PM

McKinsey - 5,000 basic for fresh grad provided entry via their summer internship
Boston and Bain - 5,000 to 6,000

Those earning between 8-10k would be senior associate consultant.
On what sense that fresh grad can be on that pay grade? I'm abit curious.
(I'm not giving baseless statements here. To protect the person, I censored most of the details)



However, there are some exception for Doctorates or Master Grad.

Extremely inacurrate.. i know a few n the figures are far from yrs... Jus to share with u a few banks (NON IB), Telcos, O&G, FMCG companies pay 5k+ fr a fresh grad.. What more the MBBs.. All bachelors degree holders..

Do not mislead ppl into bliving tht d MBBs pay 5-7k..most tier 2 firms pay more than 5k..

Could you share with me which are the FMCG companies that pay 5k for fresh grad? I can quickly access the database and have a look, I'm contributing my experience as a recruiter. You are welcomed to prove me wrong, but without a solid input, please do not flame me.

i doubt any firm in FMCG, Consulting , Banking , Manufacturing & IT in Malaysia will pay 5K for a fresh grad most i think will be RM3500


5K might be for 2 years experience..

That is the real case, but referring to Babizz, there seems to be an exclusive group of fresh graduates who has attained soaring pays.

p&g is one fmcg company.. Banks got a few..check yr database n get bck to me..

Also check what the tier 2 strat firms pay...

This post has been edited by Babizz: Dec 22 2015, 03:12 PM

P&G consults Nielsen for market data analysis, they do not have their own management consultant. What position in P&G are you referring to? Their presence in Malaysia is mostly Business Development. Banks got a few? Name it please.


If you're referring to MBB as Tier 2 firms, the highest I've came across is RM 6,000. Its either there something wrong with the databases I use, or you're just simply bluffing here. When you accuse me of being extremely inaccurate, please justify your statements. Or else, you're just a fuss here.

I nvr mention tht p&g has a management consulting arm n yeap its a BD role..

Tier 1 consulting firms are the MBBs & booz (now strategy&). 1 of the above firms pays more than 10k. the tier 2 firm one pays more than 6..

I simply cnt drop names as these top firms only hire 1-4 ppl per yr..

U havent checked yr database fr d foreign bank packages?? Always rmbr salaries are PnC so not every1 is willing to state d companies n d salaries..

This post has been edited by Babizz: Dec 22 2015, 04:01 PM

Oh? Who are the tier two firms? Educate me.

Commonly known B2B and B2C banks, there are 26 of them, how do I check if you do not specify?

Enough of this anyway.

Bye.

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This post has been edited by daidzz: Dec 27 2015, 02:30 PM

Great for you then.

I pluck the figure from the sky, like what you all did.

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This post has been edited by daidzz: Dec 27 2015, 02:30 PM

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This post has been edited by daidzz: Dec 27 2015, 02:30 PM

I guess I assumed that 1%'ers who earn rm10k as fresh grad in MBB would be busy networking with senior managers or playing golf with CEO's instead of wasting time d*cking around with us unwashed masses

This post has been edited by deodorant: Dec 22 2015, 06:11 PM

The position title means nothing and does not deter the pay grade. Any consultant whom step anew into management consultanting field will have the the associate title regardless their previous title or ranking.

However, their pay grade commensurate with their experience. For E.G. there is an associate in McKinsey earning 35k BASIC excluding project incentives. This person is an IT director before joining McKinsey.

I thought you should know better than me, discussing this on public is enough to file you an offense according to MBB's policy, beware of this.

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This post has been edited by daidzz: Dec 27 2015, 02:30 PM

MBB is likely to pay more than that. This is based on deduction. Perhaps 8-9k for a business analyst role, for people just out of university. Of course, in Malaysia, that would probably mean 1-5 people recruited per year as opposed to the US or Europe where you will see 15+ or more per office. Also remembering that MBB are private partnerships, compensation can be as high as they want as long as the partners agree to it......this can't really happen in their competitors who are publicly listed.

A competitor who is usually not regarded as a peer to MBB has this range for entry-level compensation and this is only for strategy roles.

As to why they can be on that pay grade?....Well......they try to put a structure in situations that are ambiguous and grey. Not many people can do that given the fluidity of the situation, even senior executives in industry struggle with that. We read the news in that so many graduates struggle to even express themselves......business analysts at MBB are already coaching middle management of a firm on the way forward to a problem. So is the pay grade justified?

This post has been edited by feynman: Dec 22 2015, 10:35 PM

Is got MBA higher chance go do management consulting? My MBA not high class but still good. How many pay for 9 years already work? Hear is more good than banking cost no need work many OT.

Point taken, thanks

Unless it's an Harvard MBA or similar, it's pretty much pointless. 9 years of work doesn't mean a thing if it wasn't gained within consulting. That said, if that 9 years is spent on something specialised, say analytics, then it may mean something. If it was just some random experience in industry, it is not worth much.

If the experience is not relevant, the entry points will be the lowest level or one level above. For anything above, unless you are hired as a subject matter advisor or have more than 5-7 years of consulting experience, you won't be at the case team lead/principal/manager levels.

What's the best way to join MBB in Malaysia? Going to work in asset mgmt and want to work my way in after 2 years

gona be hard..most join after their degrees/MBAS from ivy leagues/oxbridge. if yr exp is relevant to what hey r looking for, then u might have a chance.. Joining the strategy teams in banks is a good option as i know a consulting firm tht values the exp

there are many consulting blogs on the web with fantastic advice! are u a fresh grad??

Yep freshie here. Failed after 1st round at McK but wanna try later on as well. Are you in consulting?

1. practice practice practice. Invest money in training, time in practicing.

2. follow up with the interviewers, they would've told you why they're not asking you back for round 2. Be professional, ask for pointers etc. Network with other consultants from Bain and BCG if possible, that's one way to get recommended for an interview.

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This post has been edited by daidzz: Dec 27 2015, 02:31 PM