MBB salary in middle East? do you also get bonuses &allowances? is the salary that different between MBB and tier2 firms

MBB salary
New answer on Oct 29, 2021
8 Answers
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Anonymous A asked on Jun 16, 2020

Thank you very much in advance

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Ian
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replied on Jun 16, 2020
MBB | 100% personal interview success rate (8/8) and 95% candidate success rate | Personalized interview prep

Hi there,

In general, salaries are within a somewhat narrow range, but do vary region-to-region and company-to-company. Honestly, I think playing the salary game isn't worth it; regardless you will be very well compensated, and worth much more than $10-15k/year is 1) Prestige 2) Growth opportunities 3) Exit opporutnities 4) FIT (do you like the office, the culture, the people? Will you enjoy your time there).

I would easily pay $20k/year just to be at a consulting firm where I feel supported and enjoy the work.

Two other thing to keep in mind that actually have a big impact:

  • Taxes (i.e. Dubai taxes = 0%, Australia they are ~35%, in the US they are ~25%)
  • A lot of bonuses are currently being cancelled for the current year
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Anonymous A on Jun 17, 2020

Thanks Ian for the detailed answer.

Anonymous C on Jul 14, 2020

Just adding, the bonuses are not being cancelled in any of the top firms in the Middle-East.

(edited)

Luca
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replied on Jun 16, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached

Hello,

It can vary a lot between different companies and counties, but the fixed part is around 120k€ and bonus could reach up to 40/50% in some companies.
Regarding Tier 2 salaries, it can vary a lot among companies (e.g. OW and ATKearney have better salaries than other).

Best,
Luca

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Anonymous A on Jun 17, 2020

Thanks Luca

Anonymous replied on Jun 16, 2020

Hi there,

Associates should expect something around USD 125k annual salary (incl. housing but excl. bonuses)

MBB's base-salary packages are lower than tier-2 for associate level and in some cases even for project managers. (Bonuses are too variable to put them into the equation)

I hope this helps

Khaled

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Anonymous A on Jun 16, 2020

Thanks Khaled.

Clara
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replied on Jun 17, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

For sure it will depend between MBB and Tier 2, also a bit among geographies in ME.

120-150K

Cheers,

Clara

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Anonymous A on Jun 19, 2020

Thanks Clara

Anonymous replied on Jun 17, 2020

In case needed, here is a post on S& salary in ME

preplounge.com/en/consulting-forum/strategy-middle-east-salary-for-ba-7061

best

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Anonymous A on Jun 17, 2020

Thanks David.

Pedro
Expert
replied on Oct 29, 2021
Bain | EY-Parthenon | Roland Berger | FIT | Market Sizing | Former Head Recruiter

There's an useful post about this here: 
preplounge.com/en/consulting-forum/strategy-middle-east-salary-for-ba-7061

 

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Anonymous replied on Jul 14, 2020

Hi A,

It depends from offices and geographies.

But here, I agree with others, it may vary 120-150K

Best,

André

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Anonymous B replied on Jun 16, 2020

whats the role and country?

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Ian gave the best answer

Ian

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