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Anonymous A

on Jun 12, 2021

Global

Strategy& pay structure in Asia (China / HK / Singapore)

Hi, guys, would appreciate if you could share your knowledge of Strategy&. I'm curious about the pay structure. In US, it seems that Strategy& pays even higher than MBB for post MBA role. Curious whether it's the same situation in Asia (China / HK / Singapore)?

The organization structure is also quite confusing and not streamlined. I've noticed that some countries group Deal Strategy practice under PwC, while this practice is under Strategy& in some countries. Does this cause a huge difference in salary structure (i.e. doing similar works but under Strategy& / PwC)?

Thanks a lot!

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Top answer

Ian

Coach

on Jun 12, 2021

Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

A quick google search will give you plenty of sites that give you comparison tables across countries and levels...much easier to digest than anything we type here :)

In terms of the US, the numbers I'm aware of show Strategy& pay to be comparable to MBB (Consultant level = $168k base versus $165k base at MBB). Asia should be comparable as well.

The salary structure should also not be grossly different between PwC Deals Strategy and Strategy&.

Look, there are always going to be differences in pay. However, these are normally in the +/- 10% range and should not drive your decision. I completely understand the desire to figure out these differences, but, fundamentally, you need to prioritize company brand, company culture match, role/level, topic interest, and geographic interest all above pay (again, given that they are all mostly comparable). All of these matter a lot more than 5-10k a year at this level..trust me on this!

Deleted

Coach

on Jun 16, 2021

Compensation in Asia for consultants varies significantly from their US counterparts. It also depends on whether the company is using a standard global pay scale or a local / regional one (my guess is that Strategy& does the latter in Asia). Reason for this variance includes:

Different tax structures: Asia generally has lower taxes than the US
Different contributions to national pension schemes: Varies by quantum and mandatory/not
And many other systemic or market-related factors

Hence, it shouldn't be assumed that total comp will be equally as competitive as the US! Although take-home may be more similar. Glassdoor is always pretty helpful directionally :)

(Anecdotally, I’ve heard that Strategy& pays well, but is not market-leading in Asia)