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Consulting Q&A

Consulting Q&A – Ask Questions about Your Career

In this overview, you will find all the questions asked so far by the PrepLounge community. Anyone can ask questions and write answers. Our coaches are also happy to share their expertise. If you like an answer, give it an upvote so that it rises to the top. Here you can also find our guidelines and FAQs for the Consulting Q&A.

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Is the ManagementConsulted 2024 Salary guide accurate for Saudi Arabia?

BCG compensation salary Saudi Arabia starting salary
Most recent answer on Mar 05, 2024
The best answer (on Mar 05, 2024) is from:
Hagen
Expert
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hagen
Expert
 gave the best answer on Mar 05, 2024
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hi Cesar, I would be happy to share my thoughts on your question: First of all, the figure you mentioned does fall within the range of what BCG seems to offer in Saudi Arabia. However, it's always good to cross-referenc ... (read entire answer)
6
Answers
280
Views
58
Total Upvotes
on Mar 05, 2024 on Mar 05, 2024
Last Activity

Consulting Offer Negotiation: should I ask about RSU (Restricted Stock Unit)?

compensation
Most recent answer on Sep 30, 2023
The best answer (on Sep 13, 2023) is from:
Sofia
Expert
Top-Ranked Coach on PrepLounge for 3 years| McKinsey San Francisco | Harvard graduate | 6+ years of coaching
Sofia
Expert
 gave the best answer on Sep 13, 2023
Top-Ranked Coach on PrepLounge for 3 years| McKinsey San Francisco | Harvard graduate | 6+ years of coaching
Hello, I have not heard of RSUs being offered at consulting companies. RSUs are mostly used in the tech/startup world with companies that are yet to go public. Most consulting firms are structured as partnerships, and d ... (read entire answer)
4
Answers
483
Views
20
Total Upvotes
on Sep 30, 2023 on Sep 30, 2023
Last Activity

London vs Dubai

compensation
Most recent answer on Aug 18, 2023
The best answer (on Aug 14, 2023) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
 gave the best answer on Aug 14, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, You won't be able to find all of those details down to that level, until you actually get an offer…that's because it changes based on a number of factors. Undergrad UK is around 50k GBP base. Middle East aroun ... (read entire answer)
6
Answers
790
Views
24
Total Upvotes
on Aug 18, 2023 on Aug 18, 2023
Last Activity

Compensation

compensation
Most recent answer on Aug 11, 2023
The best answer (on Aug 08, 2023) is from:
Cristian
Expert
#1 rated MBB & McKinsey Coach
Cristian
Expert
 gave the best answer on Aug 08, 2023
#1 rated MBB & McKinsey Coach
Hi there,  Entre level depends on whether it's after or before an advanced degree (MBA, PhD) or significant work experience.  For a BA, directionally that's on the low end. I'd expect 40-50% more.  For an Associate, I w ... (read entire answer)
4
Answers
282
Views
5
Total Upvotes
on Aug 11, 2023 on Aug 11, 2023
Last Activity

BCG & Bain compensation in New York & Singapore?

BCG compensation
Most recent answer on Jun 30, 2023
The best answer (on May 16, 2023) is from:
Francesco
Expert
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
 gave the best answer on May 16, 2023
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Hi there, 1) Can someone share with me how much is compensation for consultants in these 2 companies?  For Singapore, I wrote an article exactly on that, you can find it below: ▶ Consulting Companies Salaries in Singapo ... (read entire answer)
5
Answers
1.7 k
Views
31
Total Upvotes
on Jun 30, 2023 on Jun 30, 2023
Last Activity

BCG Senior Partner Compensation

BCG bcg Dubai Boston Consulting Group compensation salary The Boston Consulting Group
Most recent answer on Jan 31, 2023
The best answer (on Jan 29, 2023) is from:
Moritz
Expert
ex-McKinsey EM & Interviewer | 7/8 offer rate for 4+ sessions | 90min sessions with FREE exercises & videos
Moritz
Expert
 gave the best answer on Jan 29, 2023
ex-McKinsey EM & Interviewer | 7/8 offer rate for 4+ sessions | 90min sessions with FREE exercises & videos
Hi there, Senior Partners in MBB generally make millions through variable compensation, if business is going well. Remember that it's a Partnership so they're essentially shareholders and receive dividends. Last year, f ... (read entire answer)
6
Answers
3.5 k
Views
35
Total Upvotes
on Jan 31, 2023 on Jan 31, 2023
Last Activity

Salary Negotiations after accepting a written offer

compensation
Most recent answer on Jan 09, 2023
The best answer (on Jan 07, 2023) is from:
Hagen
Expert
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hagen
Expert
 gave the best answer on Jan 07, 2023
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hi there, I think this is an interesting question that may be relevant for many people. I would be happy to share my thoughts on it: It is generally not advisable to negotiate salary after accepting a written offer, as ... (read entire answer)
7
Answers
533
Views
53
Total Upvotes
on Jan 09, 2023 on Jan 09, 2023
Last Activity

Tier 1 vs Tier 2 Compensation (Manager level and above)

compensation
Most recent answer on Jun 18, 2022
The best answer (on Jun 17, 2022) is from:
Francesco
Expert
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
 gave the best answer on Jun 17, 2022
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Hi there, I am the author of the article, so happy to explain: Data you are referring for Big 4 are from the non-strategy practice. That’s why you see division in EY and EYP or PwC and S&. Non-strategy roles pay les ... (read entire answer)
5
Answers
1.7 k
Views
46
Total Upvotes
on Jun 18, 2022 on Jun 18, 2022
Last Activity

Does MBB US take into account experienced hires' previous consulting experience when determining the compensation and promotion timeline?

compensation Experienced Hire MBB promotion salary
Most recent answer on May 17, 2022
The best answer (on May 16, 2022) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
 gave the best answer on May 16, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, If you have 11 months of experience, no then won't give you a promotion after 1 month - this isn't how it works at any company! But, yes, when hiring you, they obviously do take into account your # of years ex ... (read entire answer)
8
Answers
787
Views
37
Total Upvotes
on May 17, 2022 on May 17, 2022
Last Activity

Senior Solution Delivery Analyst at Mckinsey

compensation McKinsey McKinsey & Company salary salary negotiation
Most recent answer on Jan 26, 2022
The best answer (on Jan 26, 2022) is from:
Francesco
Expert
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
 gave the best answer on Jan 26, 2022
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Hi there, The base salary is normally non-negotiable in strategy consulting. However, you may be able to negotiate: The signing bonus The relocation bonus The seniority you join  if you have valid reasons.  Usually the ... (read entire answer)
5
Answers
2.3 k
Views
47
Total Upvotes
on Jan 26, 2022 on Jan 26, 2022
Last Activity

Is anyone willing to share what the salary is for new associates at EY-Parthenon in the U.S.?

compensation EY-Parthenon salary
Most recent answer on Sep 30, 2021
Anonymous A asked on Aug 25, 2021
I've seen the salaries on glassdoor and management consulted, but I learned those were inaccurate for some firms. 
4
Answers
7.0 k
Views
0
Total Upvotes
on Sep 30, 2021 on Sep 30, 2021
Last Activity

MBB Salary upgrades?

BCG McKinsey and Bain compensation MBA
Most recent answer on Sep 21, 2021
The best answer (on Sep 19, 2021) is from:
Hagen
Expert
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hagen
Expert
 gave the best answer on Sep 19, 2021
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hi there, This is indeed an interesting question which is probably relevant for quite a lot of users, so I am happy to provide my perspective on it: Based on the experiences of coachees of mine and my personal network, ... (read entire answer)
6
Answers
2.3 k
Views
40
Total Upvotes
on Sep 21, 2021 on Sep 21, 2021
Last Activity

Base at MBB Canada

compensation
Most recent answer on Apr 04, 2021
The best answer (on Apr 03, 2021) is from:
Clara
Expert
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Clara
Expert
 gave the best answer on Apr 03, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! Agree, you need to take Glassdoor with a pinch of salt. For strategy consulting, the info you are going to find here is always going to be more accurate. This said, which tenure in Canada? That totally ch ... (read entire answer)
3
Answers
1.1 k
Views
47
Total Upvotes
on Apr 04, 2021 on Apr 04, 2021
Last Activity

How does Accenture Strategy compare against T2/Big4 regarding compensation and exit opportunities in Germany?

Accenture Accenture Strategy compensation deutschland exit exit options gehalt germany salary
Most recent answer on Jan 13, 2021
The best answer (on Jan 05, 2021) is from:
Adi
Expert
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience
Adi
Expert
 gave the best answer on Jan 05, 2021
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience
Hey there, So here's my insights: Compensation (DE) I agree with what you found on glassdoor. Its a good ballpark. Compensation will be ~30-40% lower than MBB and at par or slightly above BIG4. Please remember the ... (read entire answer)
9
Answers
9.8 k
Views
62
Total Upvotes
on Jan 13, 2021 on Jan 13, 2021
Last Activity

Consulting Salaries / Compensation in the UK

compensation salary
Most recent answer on Jul 31, 2020
The best answer (on Jul 31, 2020) is from:
Antonello
Expert
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Antonello
Expert
 gave the best answer on Jul 31, 2020
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Hi, I confirm Glassdoor is the main website for salary researchers Best, Antonello
3
Answers
1.3 k
Views
6
Total Upvotes
on Jul 31, 2020 on Jul 31, 2020
Last Activity

Compensation at major consulting firms

compensation consulting
Most recent answer on Apr 30, 2020
Anonymous gave the best answer on Apr 30, 2020
Hi, As far as I know, in the top consulting firms, the compensation package is fixed according to the level you are. No negotation possible. Best, Emily
9
Answers
1.5 k
Views
4
Total Upvotes
on Apr 30, 2020 on Apr 30, 2020
Last Activity

Bonus entry level roles consulting

bonus compensation contract Job offer Offer Letter performance-bonus
Most recent answer on Dec 28, 2019
The best answer (on Dec 28, 2019) is from:
Antonello
Expert
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Antonello
Expert
 gave the best answer on Dec 28, 2019
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Hi, first of all congratulations for the offer :) Have you got a 3/6-month contract or the full standard one? In the former case, bonuses are never included. Not every firm has bonuses for entry-level consultants (e.g. ... (read entire answer)
3
Answers
2.4 k
Views
1
Total Upvotes
on Dec 28, 2019 on Dec 28, 2019
Last Activity

Overtime compensation?

compensation MBB
Recent activity on Dec 10, 2018
The best answer (on Dec 09, 2018) is from:
Sidi
Expert
McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 350+ candidates secure MBB offers
Sidi
Expert
 gave the best answer on Dec 09, 2018
McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 350+ candidates secure MBB offers
It depends on the country and tax regime, but the genral answer is that there is no overtime compensation at MBB firms. At McKinsey, there was an exception in Germany until end of 2017, where consultants had a certain " ... (read entire answer)
5
Answers
5.4 k
Views
18
Total Upvotes
on Dec 10, 2018 on Dec 10, 2018
Last Activity

MBB vs second tier compensation

compensation MBB salary second tier
Recent activity on Jun 02, 2018
Anonymous gave the best answer 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) st ... (read entire answer)
3
Answers
4.3 k
Views
9
Total Upvotes
on Jun 02, 2018 on Jun 02, 2018
Last Activity
19 results
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