Age: 32
Job Description : Work on Finance Systems
Salary : about 16k
Years spent in company : 1+
Company : MNC
Tenure : Permanent
Employment Level : Manager
Experience before joining (years) : 8 years
Highest paper qualification/ education background : Degree
Location : Malaysia

Not sure where to progress from here though...

It's very impressive actually, I think even many heads of smaller companies would be lower than that. How did you climb so fast?

But that's quite rare, I'm in my early thirties and I think most people I know are in the 5-15k range. I heard that Big 4 if you don't make partner it's pretty bad also, director level also around 15k sadly....

From here do you have any higher to go? From the salary surveys I see, many CFO's pay would be around your current range also.

He's already at management level though.... unless you mean an ownership stake in the company

Bro based on 2019 salary survey the median for branch manager is 120k per year

That's true... do you think it skews higher or lower?

Wow doc this is indeed impressive. So basically you are a business owner right? Would a specialist who draws a salary come anywhere close to that?

I think there are a few niche consultancies that pay on the MBB level, but they hire even fewer people than MBB so most of us wouldn't have heard of them. Probably very tough to get in though.

Wow this is seriously impressive. Are you in the corporate development field?

Yea I think you made the right choice in this situation, I'm in a pretty similar position to yours, and made the same choice as well (despite getting a bit bored).

Just changed jobs so update:

Job Title : Consulting Manager
Job Description : Make Powerpoint slides
Age : 34
Years spent in company : 1st year
Company : MNC
Industry : Consulting
Employment Level : Manager
Experience before joining (years) : 11 Yrs
Highest paper qualification/ education background : Degree
Location : KL
Average Working Hours Per Week (incl lunch hours): estimate 50-60 hours

Monetary Payout
Basic Salary + Fixed Allowance : RM 19k
Contractual Bonus (months): -
Performance, Variable Bonus & Commissions (months) : No idea yet

Benefits (where relevant) : Medical, Optical, Dental, etc.
Health Benefits : Medical card
Transport Benefits :
Mobile / Internet / Gadget Benefits :
Flexi Working Hours :
Other Benefits : Got but can't remember

Hahahhaa it's the most honest description!

Gundam you can pm me to discuss

Yea sure why not, lemme share my experience. Ok basically there are 3 "tiers" of consulting firms. I'm excluding engineering / O&G etc. as usually people don't think of them when consulting is brought up, though technically they are consultancies too.

Tier 1 - fresh grad can get above 10k MYR in Msia, future is unlimited:
Mckinsey
Bain
Boston Consulting

To get into these you either need to be from a top uni like Oxbridge or the Ivy league unis or really really really outstanding. They advise people on really high end things like company strategic direction and so on. If you're asking on Lowyat it's probably already too late. Anyway I didn't get into one too so it's not the end of the world

Tier 2 - fresh grad around 3-4k MYR, average to hit 10k maybe 7-8 years (less if you are outstanding), senior personnel can get 20-30k or significantly more
Big 4 consulting wings (Deloitte, PWC, EY & KPMG) - they advise on IT, finance, process restructuring, taxation, HR, etc
Accenture & IBM - they advise on IT mostly and some finance / process restructuring for Accenture

If you're moderately hardworking and not a complete idiot you can probably get into this tier - this is where I got in. Best to start as young as possible like a fresh grad, make sure your grades are good and you speak good English. If you are a bit older you can still join, but your years of experience may get discounted to some extent depending on what you did. Anyway to get in a certain vibe helps a lot (think good English, well-dressed, look and sound like the typical corporate annoying person) cos consultants are quite snobbish. The question here is if you are already in another industry is it worth it to lateral in or not since your say 5 years in another company may get downgraded to 3 years of experience here, my view is that if your existing company and job role are already promising like say you're on the fast track in Nestle or something then DONT COME, but if you are in local Chinaman company 101 and there isn't much job progression... well why not. You can slog it out, get a promotion and a much nicer looking CV then go back out for work-life balance.

Tier 3 - fresh grad around 2k+ to 3k I think, high end no idea...
All the small vendors (mostly IT)

This is mostly for IT folks, going in here frankly is still much better for your learning than 99% of end user companies as IT is not their key focus. So you can go in to accelerate your learning. As for tier 2, if you are stuck in your current job and it sucks, you can consider getting into here. One way to get into tier 2 is to get into tier 3 first then apply for tier 2 in a couple of years time.

I've heard of people going from tier 2 to tier 1 but never seen it happen myself. I think it's a very rare occurrence, somewhat like winning the lottery or something.

Haha thanks, Tier 1 folks with my level of experience (around 11 years) would probably be drawing 30-40k or significantly more so there's still a big gap. Having said that the attrition rate in the top-tier consulting firms is really high and the majority would have left by this stage. Anyway I'm not starving so no complaints here.

I did finance in school myself, my colleagues come from all sorts of educational backgrounds, business / engineering / actuarial science / humanities / computer science etc. I don't think it really matters what type of degree you do unless you're going in for a hardcore technical role like programming.

Sure, here you go, this was in my previous job, I don't wanna upload my current one for obvious reasons. It's still above 10k though.

Not big 4 but same tier. Having said that I've heard of big 4 consulting paying managers that range though, although it would be on the high end of the bracket. Big 4 audit then no way (but you reach manager much faster in audit)

Haha ya something like that... yea maybe you're right on the external hire into big 4 part. Having said that what's the range for big 4 consulting for M / SM? I've heard of managers in big 4 consulting drawing 15k but I've also heard of senior consultants (one rank below) drawing over 20k so it's really peculiar...

Eh gosh that's really lower than I thought. I think your external hire theory is correct probably.

Having said that the 15k M was Deloitte consulting and I think maybe the reason is that Deloitte goes Analyst - Consultant - Senior Consultant - Manager - SM, while the others might go A - C - M - SM, so the M in Deloitte might be higher than the M in the other 3. Not sure if this makes sense or not.

yea thats true.

M - RM9k starting
SM - RM13k starting

this is for consulting or audit then actually? I was under the impression that consulting was a bit higher than that and audit was a bit lower than that so can't be sure...