Accenture and other ex-big five linked consulting firms, offer considerably less compensation compared to top tiered Mckinsey/BCG.

Hmm.

5-6K for a grad with 2 years experience, I wonder if they are willing to do it ... ? lol.

given a choice of the big 4 consulting arms vs. Accenture, which will have a more defined career path?

How much are Mckinsey and BCG?

Fresh Accenture managers already earn 12k-13k per month before allowances, bonus or specialized skill incentives.

the last time I checked McK/Bain/BCG are paying their people in USD ... around 3000. ( you are quoting a manager pay, not a fresh grad tho)

anyway, I think I'll join any of the above 3 anytime even if the salary offered is halve that of Accenture, or deloitte, for that matter. The opportunities and learning one will get in the mbb is unparrelled by any others, I believe.

now , anyone have tips how to squeeze into the wharton or booth? lol ...

Hmmm, 3000 USD a month seems low? Is this for Malaysia?

I haven't looked at recent numbers, but in 2000 when I started in IB a lot of my peers in consulting were earning similar base salaries ~55-60K USD in Singapore. The primary difference in compensation was in the bonus , where consultants get very little in comparison.

The key difference between a McKinsey analyst and an Accenture in terms of compensation is the fact McKinsey kept their global USD packages for first year analysts, while an Accenture analyst would be on a very small local package.

This post has been edited by pltan: Apr 6 2013, 08:45 PM

I found some 2012 numbers....

http://managementconsulted.com/consulting-...uate-post-mba/#

Good choice I think. More than 70% of Accenture's business comes from System Implementation, which means its main business is about installing IT software like Siebel or SAP.

Their Management Consultant department is comparatively tiny and not the core focus.

yes the figure is for Msia... haha maybe my friend 'under-declared' her salary. If you ask me what's the difference between IB & Consulting, I think the reverse is true now ... don't think the Ibankers are getting much bonus nowadays ... (unless you are not US/EU IB)

nobody mention oliver wyman ? that's something I would like to give it a shot tho.

I am sure lots of people had pitiful bonuses the last couple of years, but I do expect huge bonuses will likely come back the next banner year. As for this year I don't know, JPM and GS posted good numbers, MS less so.

Having said that in IB 1-3 year analysts and 1-2 year associates usually had a fixed and guaranteed bonus, whereas I think consultants were around 1-3 months?

really?

Anyone here knows if Accenture provide any assistance/subsidy for MBA pursue ?

I wonder if anyone has come across Accenture's Strategy consulting (part of their mgmt consulting practice) or risk management consulting ..

Please don't compare Accenture against the likes of MBB. They are very different entities, in terms of organisation and the work that they do.

I have a buddy who works for ACN within the MC practice. She was doing a project with Bayer. Mckinsey got the contract to do the thinking and indeed, the report was a joy to read, an impressive piece. Superb analysis. However when it come to the part on recommending a way to move forward. It was just a piece of crap. She explained that it was like this.



So Accenture was brought in to implement a thought into a tangible solution after a fight with IBM. They have the best implementors around. She agreed that Accenture's strategy folks are not on par with those at Mckinsey and that is nothing to be ashamed of.

Of course, MBB claims that they can offer everything, from thinking to doing. I feel that to save their skins, they intentionally charge a premium so that their clients get turned off from asking them to implement, thereby saving their skins. Most if not all clients are just willing to pay for the analysis/first part of the project. There are instances in which MBB successfully poached seasoned consultants from Accenture and its implementation peers.

The reverse is true too. Accenture tries its best to improve its strategy teams though as you all know its main revenue generator is tech consulting. Deloitte has recently bought Monitor, it tells you so much about the area that it wishes to improve. KPMG bought SECOR, also for likely the same reasons. All these firms want to improve their strategic practices to edge out MBB. If you can truly offer good service from thinking to doing at an affordable price, who would want to break up a project unless it is necessary?

Compensation is obviously different. MBB can afford to pay in USD, though at a lower rate because of the way it is structured again. There might not be more than 10 people in each of their offices in KL. MBB consultants are arguably more mobile when it comes to projects, they(the people) are likely organised by regions. Accenture and the rest work within national borders with the occasional fly out.

This post has been edited by kalbwurst: Apr 7 2013, 12:31 AM

hi all.. fresh grad just got an offer from accenture solution..

1. when interview time the interviewer said solution will have higher rate of claims. so in general will getting same paid as consultant. is it true?

2. the salary is just 2.5k.. is the salary based on result? or it is negotiable? cause i found that 2.5k is kind of low...

hope someone can answer me

Maybe it is true. Before jumping in, you need to be aware of what claims really mean.

Compensation depends on a lot of things. Your performance in the interview, your grades, the skills that you bring to the table i.e. communication, interpersonal, programming etc. If you want to negotiate, you need to know how to negotiate well. Simply saying that it's low without giving adequate justification is a turnoff.

What's your value to them? You have to ask yourself this.

Employees from the solution workforce have the potential to be promoted every 6 months, and their career path is longer compared to those from the consulting workforce. Employees from the consulting workforce can only be promoted within a minimum of 1.5 years, and there are some people who have not been promoted yet at all in 3 years. Accenture is an equal opportunity employer whereby we reward people according to how brilliant they are.

thanks for the reply! the claims hr said is based on project approval.

I have been wondering what is the salary range for freshie nowadays. cause ppl here seems get around 3k for freshies. so just asking whether 2.5k is out of norm lol

thank for the reply! are u current employee there? wanna know the work time at there. lol is it will be until 9pm or 10pm?

Well, then it puts it into perspective.

New graduates or otherwise, everything depends on what you bring to the table. While a company the size of Accenture will have compensations bands for the different roles, compensation varies because of skill sets. Some people get more, the higher range within the band because of the package that they bring to the table. That applies to new graduates too.

As for working hours, do you know what project work would entail?

guess my ability only can get around 2.5k lol. got another offer from other company is 2.6k.

should be in unifi project with siebel.

Fair enough. Will that company be able to match the opportunities at Accenture. I wouldn't look at it that way, they assess your skills to worth that much. You can still negotiate if you think you are worth more. This is where you have to know what value that you bring to the table.

Yes, but project works means what? If you are thinking of leaving work at 5pm everyday, then you should reconsider the offer. The point here is to be flexible, to understand that when the need arises, extra hours must be put in.

yeah i dont expect leaving at 5pm. but will it go to the point of 10pm or 11pm?

I always thought Accenture have only 2 division, consultant and solution. Few days back I got a call to invite me to join Accenture Software which is based in Kelana Jaya which they said is another part of accenture which build their own framework stuff like that.