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Is MBA valued and could it be a salary leverage point?

Post-MBA
New answer on Mar 11, 2022
5 Answers
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Anonymous A asked on Mar 11, 2022

I have worked in the industry post MBA for two years and I’m looking into switching to consulting. MBB seems to value MBA and many people join (or rejoin) the firm after MBA. However, after researching tier 2 firms at my region (APAC), I realized that surprisingly people who hold MBA were much lower than I have expected.  
 

As I‘ll be applying for industry hire positions,  I’m a bit concerned that if I join these tier two firms I’ll be much “older” than my peers, as not many people do MBA before being promoted to manager/project leader, and there is not much MBA hires. Is it possible to use MBA degree from a top school as a leverage point to position myself during the interview and negotiate a higher salary? Or, to firms outside of MBB, is MBA usuallyjust a “good to have” and there’s not much value add to the firm? Thanks for your advice!

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Ian
Expert
Content Creator
replied on Mar 11, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

The short answer is that MBB has exact salaries for each role level (i.e. all consultants in an office get paid the same amount, all associates get paid the same amount, etc.).

The difference is in 1) Signing bonus and 2) Annual (Performance) bonus

Your MBA combined with your work experience will determine where you get placed.

You should be entering at the Consultant (McK Associate) level unless you have many years of work experience at the management/director/project lead level (ideally in a specialization). 

If the above is not the case then I'm sorry to say you'll likely come in as a consultant. 

Network in order to figure this all out. Good luck!

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Maikol
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replied on Mar 11, 2022
BCG Project Leader | Former Bain, AlixPartner, and PE | INSEAD MBA | GMAT 780

In reading your message it seems that you still have to clarify your priorities. 
You still probably don't know if the most important aspect is salary or position.
Position, in my view, is much more important. But positions is not just your job title, it is what you are asked to do and what you can learn from that position.
At MBB your learning point is priceless, you learn literally how to think.
As former special forces operational, I think that MBB is second only to special forces in terms of learning opportunities. 
So, my subjective advice is to think about what you want to achieve, what is your scale of needs and values, and then compare what you can get at MBB if compared with Tier 2 firms. 

Good luck!

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Adi
Expert
Content Creator
replied on Mar 11, 2022
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

MBA is valued but that will depend on where that MBA is from, specialisation (Strat, Marketing, Finance or General),  your experience & background. MBA in itself wont guarantee anything.

Most big consulting firms have very standard entry points for MBA candidates and unless you really outperform in the interview process, there isn't much room to negotiate (other than sign-on bonus and other small bits).

Rather than comparing yourself to others too much, determine where you stand currently and pay attention to what's the right move for you. Dont go too much by external factors otherwise you will end up making decisions to suit the external environment and not what's really right for you. Have a look at this article for some guidance- https://www.preplounge.com/en/articles/how-do-i-know-which-career-is-right-for-me

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Pedro
Expert
replied on Mar 11, 2022
30% off in April 2024 | Bain | EY-Parthenon | Roland Berger | Market Sizing | DARDEN MBA

Haha, I had 3 years of strategy consulting experience + 3 years of manager in a corporate strategy role (+4 year of industry experience) and a Top10 MBA, was starting to become the lead strategist for a $1 billion busines unit, but even so MBB didn't want me to get in at the manager level, but just before that (Case Team Leader, which is a “junior manager”).

They want to make sure you get the right training and experience before you take on a certain responsibility. 

And you know what? I took it, knowing it was -25% of the Manager role. In hindsight maybe I could have negotiated something else, but it didn't and doesn't really matter, because I was looking into the long run.

In the long run, I would be promoted the following year (I actually left to become a Principal in a competitor, “stolen” by someone who knew well my seniority and performance).

This is not a career where you are stuck for years in the role you are hired to. You get promotions every year. If you do really well, you are promoted earlier. 

It is much more important to make sure the firm has a great brand, a great career track, supports and trains their people, and is doing well (i.e., growing). If that is the case, it doesn't matter that you have to wait 6-12 more months to be in the role you want to.

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Charlotte
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replied on Mar 11, 2022
Empathic coach, former McKinsey Engagement Manager |Secure offers from top consulting firms

Dear candidate,

do not worry about entering at a “junior” level, instead see it as an easier path in, the requirements are much lower than if you had to enter at project manager level. The salary is usually standard, but give your career some time and you will advance also salary-wise.

Best regards,

Charlotte

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Ian gave the best answer

Ian

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#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
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