Hi there,

If you're looking to negotiate your best move is on sign-on bonus or relocation bonus.

These are the things they can justify most easily (i.e. non-permanent changes in your compensation structure).

When asking for a (or a higher) bonus, you have to justify it. Generally you can do so by flagging a higher salary in your current role (not possible), noting switching costs (do-able if you're moving locations), or referencing industry-standards (This is was I did to noegitate a doubling of my sign-on bonus with BCG)

For bonus references/benchmarking you can look around pretty easily. Here's one view: https://managementconsulted.com/consultant-salary/

Hi there,

The base salary is normally non-negotiable. The things you can negotiate that have an impact on your total earnings are:

1. Signing/relocation bonus, if present in your country
2. Seniority

I agree with Adi that Never Split the Difference is a great book, but I am not sure you have much space to negotiate in your case unless you have other offers or similar solid arguments.

Best,

Francesco

Hi!

Depends on your seniority. If it's a junior position, you can't really negotiate. However if it is an experienced position (at LEAST Senior Consultant or Project Leader), then there might be room.

From experience:

• When I joined BCG after finishing my PhD, there was no room for negotiating
• When I switched to McKinsey a couple of years later, I could negotiate on a couple of points, and in the end the Firm doubled my sign on bonus

Hope this helps!

Cheers, Sidi

Hello there!

My advice is to think twice before starting such negotiations, especially when it's a junior position. You may start from the wrong leg and it may affect your reputation in the firm.

You have mentioned that it's almost double your salary, so probably there's no need to negotiate, provided that the room is so narrow?

Hope that helps.
Cheers,
GB

Never hurts to ask but assuming you have been offered an entry level role, there's really nothing to be negotiated. Additiinally, if your current salary is also lower, you don't have any leverage too.

Hi,

The salaries are the same at the starting role. I think you totally misinterpret GlassDoor salaries since they combine the salaries of 1st, 2nd and 3rd-year consultants with a corresponding annual increase.

There is no way to negotiate the salary and I do not recommend even starting this conversation

Best

Hi,

MBB salary is standard across similar level. So your only space for negotiation are seniority, sign on bonus, relocation cost and office preference.

It is okay to negotiate on the items above.

Hello!

Congrats! :)

Usually, MBB firms are famous for not negotiating, since the salaries are pretty stablished.

However, it´s worth a shot, particularly on the bonuses:

• Sign-in bonus
• Relocation: this one is perhaps the easier to play with

Hope it helps!

Cheers,

Clara

Consulting compensation is pretty well-established and the tranches at different grades are consistent across firms and across all individuals within the firm. For a senior role, yes there is bargaining power but generally otherwise lower, unless accompanied by a geographic move. You could push on sign-up bonus and accelerated promotion plan but I would be wary of negotiating base

I would not expect this to be successful, for two reasons:

• Salary at MBB is generally no negotiable.
• Sing-on bonus might be, but they are likely to know that their current offer is a massive step-up for you, so I don't think they will feel the need. Unless you're coming right out of bschool and you're having multiple offers on hand, I would think the chances for that are rather low.

Still: Good luck!