Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Interview Partners to connect and practice with!
Back to overview

MBB vs second tier compensation

Hi guys, going through interviews at the moment and was trying to find information around how compensation differs between MBB firms and tier 2 firms - does anyone know a good source for this or can share some ranges based on their experience? Keen to understand how compensation differs from the consultant level and as you progress upwards..

3 Answers
4.9k Views
28
Be the first to answer!
Nobody has responded to this question yet.
Top answer
Deleted
Coach
on May 28, 2018

This varies across geographies. As Guennal has said, the compensation will roughly start at the same level, but can diverge quite significantly at manager level +. In London, all major consultancies (to my knowledge) start at £40k-£45k base for pre-MBA positions and £80-90k for post-MBA positions. One area though where pay can differ significantly is bonus - while bonus might range from £6-10k+ at MBB in the first year, the comparable bonus at other firms is likely to be slightly lower.

However, some Tier 2 firms (e.g. Oliver Wyman) may pay their employees less on average than MBB, but really compensate top performers - so the best associates at Oliver Wyman might earn more than the best associates at Bain.

on May 26, 2018
Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews

The first few years, they are roughly comparable - some boutiques may even pay you a little more. Compensation obviously isn't what MBB thinks you should join them for :)

Deleted user
Coach
on Jun 02, 2018

Glassdoor is accurate for US, Canada, UK. And directionally correct for other countries. Management consulted website also gives you a good idea of pay progression across levels.

hope it helps,

andrea

2
Similar Questions
Consulting
Is the ManagementConsulted 2024 Salary guide accurate for Saudi Arabia?
on Mar 05, 2024
Global
6 Answers
4.0k Views
Top answer by
Hagen
Coach
#1 recommended coach | >95% success rate | 8+ years consulting, 8+ years coaching and 7+ years interviewing experience
132
6 Answers
4.0k Views
+3
Consulting
Adding experience in Blockchain and Cryptocurrency in CV?
on Mar 20, 2024
Global
8 Answers
3.3k Views
Top answer by
Florian
Coach
1400 5-star reviews across platforms | 600+ offers | Highest-rated case book on Amazon | Uni lecturer in US, Asia, EU
96
8 Answers
3.3k Views
+5
Consulting
Usual time to hear back after internship final round
on Mar 13, 2024
Global
8 Answers
6.5k Views
Top answer by
Ian
Coach
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
242
8 Answers
6.5k Views
+5
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
You are a true consultant! Thank you for consulting us on how to make PrepLounge even better!