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 Accenture's Consultant Salary Range

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pltan
post Apr 6 2013, 03:11 PM

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QUOTE(atlantiz0 @ Apr 6 2013, 01:36 PM)
Good thread. I am wondering about the salary range too.

Specifically, is there higher pay package given to the peeps in Management Consulting practice? As far as I know, other consulting housees offer slightly higher compensation packages for the management consultants. Is that true for Accenture? Management consulting in financial services btw.
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Accenture and other ex-big five linked consulting firms, offer considerably less compensation compared to top tiered Mckinsey/BCG.
pltan
post Apr 6 2013, 08:41 PM

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QUOTE(Renekton @ Apr 6 2013, 07:13 PM)
How much are Mckinsey and BCG?

Fresh Accenture managers already earn 12k-13k per month before allowances, bonus or specialized skill incentives.
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QUOTE(atlantiz0 @ Apr 6 2013, 07:33 PM)
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 ...
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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
pltan
post Apr 6 2013, 08:46 PM

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I found some 2012 numbers....

http://managementconsulted.com/consulting-...uate-post-mba/#
pltan
post Apr 6 2013, 09:09 PM

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QUOTE(atlantiz0 @ Apr 6 2013, 09:03 PM)
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.
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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?

 

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