Jul 2 2016, 03:47 PM
QUOTE(zzstormriderzz @ Jun 30 2016, 04:32 PM)
Dear all,
Outside of Malaysia, investment banking average 50%-100% higher than consulting salaries, with the difference increases significantly as the seniority increases, although consulting compensates with perks that banking does not offer- from better travel packages, to more generous health and retirement packages.
However, is that the general case in Malaysia? Anyone cares to give insight as to how it differs as compared to local IB vs consulting salary?
Edited: Sorry for much general post previously. By the industries outside of Malaysia I am comparing buldge bracket banks (BBs) with MBB consulting (McKinsey, Bains, Boston). In Malaysia, I am looking at comparison of total compensation between our local top tier investment banks (CIMB and Maybank) with MBBs consulting.
Lower tier consulting firms like Accenture are discarded from the topic as I am only looking at top tier consulting firms. But for local investment banks I have to compare them with MBBs, since foreign investment banks do not have significant presence as the local IBs.
Accenture is not entirely "low" tier. In case you didn't know....Accenture's new tagline since 2013 is strategy, consulting, digital, technology and operationsOutside of Malaysia, investment banking average 50%-100% higher than consulting salaries, with the difference increases significantly as the seniority increases, although consulting compensates with perks that banking does not offer- from better travel packages, to more generous health and retirement packages.
However, is that the general case in Malaysia? Anyone cares to give insight as to how it differs as compared to local IB vs consulting salary?
Edited: Sorry for much general post previously. By the industries outside of Malaysia I am comparing buldge bracket banks (BBs) with MBB consulting (McKinsey, Bains, Boston). In Malaysia, I am looking at comparison of total compensation between our local top tier investment banks (CIMB and Maybank) with MBBs consulting.
Lower tier consulting firms like Accenture are discarded from the topic as I am only looking at top tier consulting firms. But for local investment banks I have to compare them with MBBs, since foreign investment banks do not have significant presence as the local IBs.
Yes, they have pivoted into Strategy, just like how Deloitte has acquired Monitor and PwC has acquired Booz
Strategy is a standalone business unit within Accenture and this means adopting compensation and HR Policies that you would expect within a strategy firm.
That said, the compensation is market competitive. If you want to know the figures, check out managementconsulted. The figures are in USD, apply those figures but regard it in MYR. You will then get an idea of the general compensation rates.
IB's in general far outstrips consulting salaries. CIMB and Maybank are jaguh kampungs.........so it's moot to try to compare their rates with that of MBBs. Compare them with GS, JPMorgan, MS or the likes.
This post has been edited by feynman: Jul 2 2016, 03:54 PM
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