Consulting Salaries and Working Hours Exposed - McKinsey, BCG, Bain, Big 4 etc.

In this video I expose consulting salaries and working hours. Do you know the consulting salaries and working hours at McKinsey, BCG, Bain, the Big 4 firms or any other consulting firm? Based on an exclusive data set collected by Mo Yang from ‪@ConsultingHumor‬, I conduct several analyses on what salaries you can expect in management consulting. Learn about management consulting salary and consulting salary progression from Analyst, to Associate to Project Lead. The consulting work-life-balance can also be tough. This video contains insights how the consulting life in a management consulting career really looks like. How much do consultants make?
Chapters
00:00 Consulting Insights
02:03 Download Full Data Set
02:30 Firms and Regions of Participants
03:06 Consulting Working Hours
04:18 Consulting Salary for Graduates
05:59 Consulting Salary for Associates
06:55 Consulting Salary for Project Leads
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[@FirmLearning]

Download the full Consulting Data Set with Salary and Working Hours Insights: link.firmlearning.com/dataset

[@TheGalo97]

Great video Heinrich! The link to download the data set doesn't seem to work anymore...

[@laupeter4594]

What kind of a level are you at if you are an associate partner at EY Parthenon? Is it a salaried partner ? Equity partner ?

[@FirmLearning]

@@laupeter4594 not 100% sure of EY terminology, but AP is usually a salary partner / one level below equity

[@doziee.1093]

Heinrich never fails in his videos, the clarity and relevance are unmatched. Happy New Year!

[@FirmLearning]

Thanks for your kind comment and for watching Dozie, much appreciated! Best, Heinrich

[@iqbalsulthan7616]

Never have I come across a channel so rich with insights and information. Truly appreciate what you do and share!

[@ProdLeo]

Wow this was actually very insightful, great video as usual, Heinrich!

[@FirmLearning]

Super happy to hear it is insightful - thank you for watching! Best, Heinrich

[@uzigoat6934]

Fantastic data and presentation, much appreciated!

[@healthgrowth4968]

Great video, pretty cool insights, thanks for sharing! :)

[@FirmLearning]

Thanks for watching :)

[@sebikokol4989]

Very insightful! Thank you very much, Heinrich!

[@FirmLearning]

Glad to hear. Thanks for watching Sebi! Best, Heinrich

[@Gorlenius]

Very interesting, this is information not available elsewhere. Thanks for creating this video!

[@FirmLearning]

Agree, the data is pretty coo! Thanks for watching - H

[@carljacobi1998]

Great insights Heinrich! Currently studying in Spain and can definitely confirm your conclusions. From my personal contacts i know that average salary at MMB is in fact significantly lower than in Germany.

[@FirmLearning]

Hi Carl, thanks for your comment and sharing your insights from Spain. Indeed have hear similar things as well. All the best for your studies! Cheers, H

[@TheAvoHD]

This was one of the juiciest video you ever published. Cheers mate!

[@FirmLearning]

Happy to hear it was interesting.. thanks for watching Henry!! Best, Heinrich

[@Nirbhey]

Brilliant analysis! Thank you for doing it 👍

[@FirmLearning]

Great to hear - thank YOU for watching Nirbhey! Best, Heinrich

[@christophergerald8424]

How to say you're poor without saying you're poor: I'm a consultant in Asia. Great work btw, really helpful for some of us to reevaluate some of our life's choices.

[@FirmLearning]

Glad to hear it is helpful Christopher. Yes can understand your perspective. Obvs living costs are lower though in most Asian countries, as might be taxes (though trust you are well aware). Thanks for watching! Best, Heinrich

[@HimanshuSharma-oe4mk]

not really - gdp per capita in USA is 70,000 , while in india it is 2,000 dollars ... for USA even Mckinsey gives twice of per capita GDP , while for india it is 10 times. a 5 yr old project lead in USA leads a good life , while in India he lives a king life. in PPP terms one dollar is approx 20 rupees ( real exchange rate is 75 rupees per dollar ) , so the Mckinsey fresher getting 26,000 dollars will get - 520,000 dollars worth of lifestyle.

[@dieglhix]

@@HimanshuSharma-oe4mk explains why a lot of IT talent stay in India, must be great life.

[@arjuntyagi5860]

It depends on purchasing power parity

[@ayushvaishnav8859]

you cant compare gdp per capita for consulting salaries those people are highly educated while there are millions of inidians who are not educated and earning very less so it is not justifiable @@HimanshuSharma-oe4mk

[@shemeeraraother1556]

Thank you !! For sharing a big knowledge with us!!!

[@FirmLearning]

Glad to hear it is helpful. Thank YOU for watching Shemeera! Best, Heinrich

[@SealableBags]

Really interesting video Heinrich. Interesting to see what’s on the other side of the fence at some of these orgs and definitely gives some helpful context on longer term career goals. Speaking of which - only semi related, but I’m wondering if you’ve released any videos outlining individual contributor vs manager career tracks and the pros/cons of each at various career stages? I’m at a bit of a fork in the road myself, ultimately I’d like to go into management and have some opportunities that may come up over the coming months but I also highly value the ability to develop my skills further and take action as an IC. Anyways, great channel and all the best from Canada

[@FirmLearning]

Hi Derek thanks for watching and your question.. much appreciated! Did indeed not touch on these Important concepts in videos yet.. might do so in the future, thanks for suggesting! Best, Heinrich

[@SealableBags]

@@FirmLearning thank you for the response! For some added context: I’m currently working as a consultant and have relatively low tenure in my role (

[@JONATHANGHEBRETNSAIE]

Superb video! Cheers from Munich!

[@FirmLearning]

Thanks Johnny appreciate it - indeed great insights hidden in the data. Best from Munich as well ;) Heinrich

[@KleinmeisterPang]

Wow just wow .. this was very helpful. I will crunch the numbers tomorrow.

[@FirmLearning]

Great to hear. Yes, definitely lots of other insights hidden in the data :) Best, Heinrich

[@amanlalshrestha4204]

Thank you Heinrich I really appreciate the work you have put in for a candidate like me. I am from Nepal and have been working in a boutique consulting firm for 3.5 years, I am planning to be based in Shanghai and get placed in one of the MBBs. Your work is inspiring. Thank you once again! 🙏

[@sankarshanaachar1741]

Awesome video as always! Just a clarification, does total compensation in USA mean salary of any nationality working in USA or does it mean the total compensation of Americans

[@thepnn]

Very interesting! I can confirm the working hours as an intern in big 4 technology consulting

[@FirmLearning]

Great to hear, thanks for sharing your experiences! Best, Heinrich

[@ChristianSoschner]

Great insights. Thanks for sharing

[@FirmLearning]

Hi Christian, thanks super happy to hear it is helpful! Best, Heinrich

[@strange_and_random]

Dear Heinrich, thank you so much for all the insights and experience sharing! Fellow INSEADer (22J) here, by the way! As I am going into our P4, there is a little career/professional question I am contemplating right now (basically, an industry vs mbb for the same particular industry) and I was wondering if I could connect with you sometime to hear your perspectives and advice. Running a channel, your own business as well as teaching takes a huge amount of effort, so I would perfectly understand your decision and really (really!) appreciate all your time and feedback! Best regards, Tim

[@FirmLearning]

Hi Tim, sure thing always great to be in touch with fellow INSEADs :) Probably best to reach out via LinkedIn. Best, Heinrich

[@mcdlr9197]

Such a cool Video! Keep it up;)

[@FirmLearning]

Thank you!

[@shivamchugh3312]

Hi, Nice video and presentation. It would have been great if the salary number of Accenture, EY Parantheon and Strategy & were also captured in the video, would have given a comrehensive insight.

[@aryanbhardwaj3662]

Terrific content and love your accent.

[@FirmLearning]

Thanks Aryan, very kind of you! All the best, Heinrich

[@yashvashistha7804]

Great video man!

[@FirmLearning]

Thanks Yash

[@elliottvelch6763]

Hi Heinrich, love your videos. Would you please comment on the hurdles that must be overcome to get into consulting a few years after you’ve graduated college? I am a 2020 grad who did not become interested in consulting until senior year (far too late). I get the impression from your videos that one must get it right early in college or it is highly improbably one will break in. Thanks in advance.

[@FirmLearning]

Hi Elliott, thanks for your comment! Yes, have a video about "experienced hires" on my ideas list for quite some time. Will create it at some point, so stay tuned :) Best, Heinrich

[@filetmignon9978]

I know someone that worked as the president of a high-tech-photonics company for about 10 years, and is thinking of getting into some sort of management consulting or something similar. Would that be a good idea or is there a certain way to approach something like that?

[@Nick-iq7yi]

Great Video, now I have a better data basis for my next job interview.

[@FirmLearning]

That is awesome - how your interviews go well. All the best Nick! Heinrich

[@ok0806]

Superb content… huge respect…I would like to have guidance regarding how a fresher candidate can get into consulting services (full time job and internships) really looking forward to it ❤️

[@FirmLearning]

Hi Omkar, thanks for watching, happy to hear it is helpful. Actually, I have lots of videos on exactly this topic on the channel (what are consulting firms looking for in young graduates, how to prepare for consulting / case interviews etc.) Feel free to browse around in the Firm Learning video library :) Best, Heinrich

[@jp25425]

I find it weird how BCG salaries in the US seem lower than the rest of MBB when BCG is always regarded for best compensation.

[@anshumayuri]

It was informative.Thank you so much Requesting you to make one video on the marketing what's the average salary and which demographics have the highest demand

[@FirmLearning]

Hi Anshu, thanks for your comment. Yes, might prepare additional analyses in the future. Stay tuned! Best, Heinrich

[@choupi0645]

Great video!!

[@FirmLearning]

Thank - appreciate you watching! Best, Heinrich

[@nick4430]

Is the UK comparable to Germany? Any notable differences?

[@the-brand]

Appreciate the insights. And, yes, these are pretty accurate from the U.S. side.

[@FirmLearning]

Thanks for confirming! Appreciate it. Best, Heinrich

[@mbbconsultinghacks]

Salaries are also creeping up slowly both in the UK where they bumped pay up by 5k recently, and in the US where they bumped it up from 90 to 100k. This is for MBB... they are afraid of losing us to big tech (which has already happened in my case :P)

[@shalsteven]

Big tech? Software engineer you mean?

[@josepierobon4704]

quick question...do Consultants get overtime payment (in most cases)? Because with all those extra hours they make (50+ to 60+ hours a week) and good base salary if they get OT payment it is a significant amount of money. If the OT is not paid then actually the payment they are receiving by the hour is not that high.

[@rohanmathilagath2537]

Hi Heinrich, What Bachelor degree would you recommended someone interested in Management consulting to do? Also should you earn a MBA before joining consulting or while in consulting? Thanks

[@FirmLearning]

Hi Rohan, MBA is not necessary, consulting firms hire most people directly out of undergrad. Business degree is probably the safest bet, though in principle especially the MBB firms hire from all undergraduate subjects (as long as the rest of your profile meets the criteria). Best, Heinrich

[@srgutierrez4812]

Great Video! I have been working for a strategy consulting boutique for 2 years now, and was planning for a move to an MBB, would you recommend doing an MBA?

[@FirmLearning]

Hi! An MBA can help to get into MBB, though usually only if it is from one of the international top schools. Though would not do an MBA only for the goal to break into MBB. Even a Harvard MBA is no guarantee to get into MBB, you will be quite salty if you spent all the time and money just for this goal and it does not work out in the end. Best, Heinrich

[@joshcastillio8507]

I just signed an offer at Deloitte consulting for $90k base and a 12.5k signing bonus. Seems significantly different from what’s shown in the data

[@user-qh9vh2vs7f]

Heinrich spilling the tea for us

[@FirmLearning]

Indeed this is a topic that needs much more transparency. Thanks for watching!

[@mbbconsultinghacks]

Also can confirm the hours for BCG - totally in line with what I experienced there :)

[@musafasih3615]

Hi Heinrich, amazing video! Quick question: are firms like McKinsey less likely to hire candidates having prior experience in small to medium sized companies?

[@FirmLearning]

Hi Musa, in principle the fact alone that you worked for a small / medium sized company will not disqualify you to get into MBB / McKinsey. Of course ideally you did something at this company that was "impressive" or in any other way relevant to the work of consulting firms. Best! Heinrich

[@musafasih3615]

@@FirmLearning thank you, much appreciated 🙏

[@lolzorkont]

Very insightful. Amazing he was able to do a survey like that. Those are some valuable contact and input. Good salary for sure, but you have to put in many many hours.

[@FirmLearning]

Fully agree. Especially on the entry levels, hourly salary is not great, but of course if quickly improves over time. Best! Heinrich

[@lolzorkont]

@@FirmLearning Yeah indeed it does improve quick over time. But something that does not improve i believe is the working hours. No matter how high you will always work long hours. Even as a partner or senior partner. I think the exprience you get at the firm especially without covid is great tho.

[@FirmLearning]

@@lolzorkont Agree! Working hours will not get significantly better over time. Though more salary at constant working hours means higher hourly wage ;) Best, H

[@gamersforeverr]

I've always been intrigued by the salary difference between Europe and the U.S., considering EU citizens are taxed more. The living expenses in large U.S. cities (NYC, Boston, ...) don't surpass those in European ones (London, Paris, Munich, ...) enough to justify the gap, which leads me to believe it lies in the market (U.S. graduates finish school with high student debt, based on the business school rankings one can argue the candidate pool is more competitive in the U.S., high-performing students have more job opportunities, etc.). How does that play out considering McKinsey employees are staffed internationally (you're effectively part of the same "big office" travelling worldwide and working on equal difficulty projects), yet the salaries are quite different (180k = 10k$/mo in NYC post-tax, vs. 125k = 6,8k$/mo in Munich post-tax - disclaimer: loose calculation, can mostly vary based on insurance, but I assume McK offers packages for their employees in the U.S. that aren't calculated in the salary)? EDIT: Also, thanks for the video - insightful as always! :)

[@FirmLearning]

Great thoughts, thanks for sharing! Agree that US salaries seem to be higher, surely not only on entry levels but even more significantly for leadership roles / C-level. While living costs in Paris or London might be more comparable to NYC, SF etc., would argue that living costs in Germany (even Munich, Berlin) are significantly lower. Taxes will definitely make a difference though. Agree that likely insurance etc. was not included in the data by most respondents. Thanks for watching! Best, Heinrich

[@ChraToooX]

I agree with you the most part, but, as Heinrich mentioned, the wage on the client side differs a lot from what I can tell. Just look at the wage difference in C-level positions in the US and Germany. Cannot comment on the US side that much (except for the higher wage in general) but in Germany you do have some laws that e.g. state that the wage of CEO has to be somewhat comparible to his work and the performance of the business in the opinion of the supervisory board, §87AktG. I mean just comparing the wage of Tim Cook and Herbert Diess reveals that German business won‘t pay consultants as much and therefore their salary is a lot lower.

[@beverhart58]

Salaries are higher in the US because clients are more willing to pay higher rates

[@glennquagmire9572]

125k$ are about 5,9k$/mo in Germany post tax what from my experience is quite comparable.

[@Retumn98716]

You must be very delusional to think that COL of any major city is comparable to German cities. But especially NYC - dude, I saw people paying 2.5k for a shitty 1 room apartment with cockroaches and no kitchen in NYC. Even though Munich is very expensive, you could live like a king already as a single spending 2.5k on rent. Everything else is also much cheaper .. I remember my travels to the US and just how expensive everything was particularly good quality veggies, meat, milk etc I would say MBB salaries give you a better living standard in German at the beginning. However, I also agree that US has more lab option like payoff with salaries really outpacing the more senior you get. Then again … once you have children in the US you need that Delta again to pay everything which is already included in taxes in Germany.

[@mirmirov9527]

Hello Heibrich. I have just got a working student job at kpmg in the advisory.is it a good a start for joining MBB after graduation?

[@hindhanifi5478]

Hi, What do you think a good salary is for entry level consultant at Deloitte Canada ?

[@drshell2]

Very interesting

[@FirmLearning]

Find it quite interesting as well - thanks for watching Sharma! Best, Heinrich

[@playmakerpe8174]

I imagine those amounts are before taxes. Is there a huge difference between taxes in US and London?

[@Pweber8888]

Hey Heinrich, just found your content. Awesome timing. I just started my MBA and looking to get into consulting. However, it's not a target university by far, but it's a program that takes place in 4 different countries incl. USA. (no business background), do I have good chances for big 4 you think? Much appreciated

[@sanguinor5609]

You’ll defiantly get big 4 my guy. They’re not that hard to get into. Defiantly give MBB a go if you’re heading in with an MBA. It all comes down to networking at the end of the day so don’t cut yourself short.

[@Pweber8888]

@@sanguinor5609 sweet thanks for the reassurance ❤️❤️

[@sanguinor5609]

@@Pweber8888 I got Deloitte after winning a case study competition so you’ll be fine.

[@FirmLearning]

Hi Patrick, of course do not know the details of your profile, but Big 4 sounds quite reasonable indeed. Regarding Tier 2 or MBB, would always just try if you are interested. Nothing to lose ;) Best, Heinrich

[@shalsteven]

12hrs/day. Does it make a bad impact for health in the long term?

[@tomraynor5664]

Not sure how the data was compiled, but the earnings figures for Consultants / Associates in the US for BCG are way off. Base salary for Consultant 1 (first year consultant post-MBA/advanced degree) is $175K; with all bonuses it's closer to $200K and higher than McK or Bain. Source: current BCG consultant (but feel free to double check my numbers from looking online, on Fishbowl etc.).

[@ammu.live100]

Sir I'm an English speaker and I'm planning to move to Germany or other European countries and work as management consultant. My problem is language. Sir do people working in MBB consulting in Germany usually communicate and work in Germany language only. Despite of the fact that there our people from different countries working there. Please reply 🙏🏼

[@vanessastella2594]

I got an offer for an internship from EY and KPMG (Germany). EY salary is 1.850€/ month. KPMG on the other hand only 1.100€/month because the internship is less than 4 months

[@FirmLearning]

Hi Vanessa, interesting thanks for sharing! Best, Heinrich

[@vinitpatel0510]

I'm a consultant with BCG India and I think comps are 1.6x of what the surveys have captured.

[@DMDRPBHU]

How to get into consulting with data science background

[@varunreddy280]

Hey thank you for the efforts ...! I just want an important suggestion from you Which specialization should I pick in MBA for getting into Consulting- IT/Analytics or Operations Thank you in advance ...!

[@ayushvaishnav8859]

do you got your answer if yes kindly reply

[@ajb229]

I will check out those UK data points :-) The averages don’t tell you all that much given such a diverse range eg USA vs India.

[@FirmLearning]

Yes, agree that it is important to look at the individual countries. Best! Heinrich

[@82ndmi]

Hi Hi! I'm four years into working for a Saas platform spun off from a fortune 50 for 4billion this year. I went from BDR>partnerships>customer success> people leader at the manager level with a team of 6 leading Sales operations and strategy in tandem with our PMO office, my team is half implementation engineers, half Customer success with a target of both growing account revenue and building new operational processes that will be published to support and customer facing wikis. on the side I also run an erg and a veteran training program that works with our partners to create a job pipeline for veterans with our partners. Other experience is 9 years NSA targeting analyst/joint special forces/arabic linguist. 1 year grocery pricing analyst. 1 year education sales. my question is, do I have skill gaps or could I possibly move into consulting at a level that will beat my 140k targeted pay given these numbers?

[@AZNGoSu]

I think you should have done US only for the comp breakdown as regional variances make the data points hard to understand

[@FirmLearning]

Hi, yes agree the regional splits are very important. Though I did include the salary splits to the right of the charts? Also check out the full data set to drill down into all individual countries :) Bestm Heinrich

[@kunalbhardwaj3108]

How much a manager (Big 4 Advisory) would earn ?

[@davids3477]

quite interesting... but often a very small number of data points, and self reported, so we may see some quite strong deviations in real life!

[@FirmLearning]

Hi David, yes agree that the data is not perfect. Best! Heinrich

[@JohnDoe-ry9bu]

Could somebody maybe explain to me why there is such a big difference between US and EU (Germany) salaries?

[@jerryn9690]

USA always pays more than Europe. USA is a larger market with higher revenues

[@davidbasler1695]

From a Swiss Big4 perspective , the working hours seem reasonable and the salaries are a bit lower than in the US

[@FirmLearning]

Hi David, thanks for your insights! Yes agree, Swiss salaries definitely higher than in Germany. Best, Heinrich

[@Snakebloke]

What I'm learning here, is, MBB is paid the most, but the working hours are toxic as hell. Big4 are paid less, but normal hours - probably still toxic. I'll take even less pay in a less stressful environment please.

[@WilliamRandomUploads]

Accurate with good insights 🔥👌🏼 But Asia countries big 4 are way behind lol

[@FirmLearning]

Thanks for confirming William! Great to hear. Best! Heinrich

[@b.c.rontal3459]

Hallo Heinrich, ist 33 zu alt für Consultingeinstieg?

[@rayvinjamuri3913]

Bain and BCG total compensation for ACs and Associates in the US is ~136-138k. Not sure why the data is so off here because MBB will typically pay very similar across the board at the junior levels. In fact, I believe BCG is known to typically pay a few thousand higher than both.

[@FirmLearning]

Hi Ray, interesting, thanks for sharing! Best, H

[@kurtgidley9464]

So, while you're studying your MBA you keep getting paid?

[@FirmLearning]

More or less, yes (plus contribution to your tuition). Best, Heinrich

[@leohuang6142]

How about Accenture?

[@christianschmidt-hansen5994]

I love how German this guy is

[@SDY274]

“ConZALting”

[@FirmLearning]

;) Thanks for watching Christian! Best, Heinrich

[@iklaseksambi5812]

Wait a minute! In India the whole scenario is different. MBBs and other Consulting firms hire entry level consultants after MBA in India unlike for rest of the world where entry level consultants are pre MBA undergrads.

[@FirmLearning]

Hi Iklas, trust you will have a better understanding of the Indian market than me. Though heard several times that MBA degrees in India do not require work experience - is this correct? If yes, then Indian MBAs are more comparable to European Master programs which are typically pre-experience as well and which (in Europe) are the biggest feeders into junior MBB roles. Cheers! H

[@sairangans8427]

Yes, in India, MBA is referred to as PGP in management, and freshers are comparatively more when compared to students with work-ex

[@infinity_growth]

love from India Heinrich!

[@FirmLearning]

Thanks Arko, much appreciated! Best, Heinrich

[@harpcourt]

surprised these base salaries quite low

[@ilililililil3939]

Mega Video Heinrich! Vielleicht kannst du deine Reichweite nutzen und eine ähnliche Umfrage für Deutschland machen

[@FirmLearning]

Ja gute Idee! Allerdings enthält der Datensatz schon jetzt sehr viele Deutsche Datenpunkte, schau ihn dir gerne mal an. Vllt. mache ich in Zukunft aber auch mal etwas in diese Richtung. LG! Heinrich

[@rosecolouredglasses]

Aw, Heinrich, keep it classy! No need to sensationalize and use the word "leak."

[@FirmLearning]

Agree, thanks for the feedback! Frankly, whenever I use a picture that is a little bit more "aggressive" like this one, the video does tend to perform significantly better on KZbin (being suggested to more people, getting more views etc.). Do not want to create super clickbaity content though, so definitely a fine line to balance on. Best! Heinrich

[@Alejandro-mo4pt]

And what about the partners?

[@FirmLearning]

Data set contains some data on Partner level as well, feel free to check it out! ;)

[@opnspa55]

Germany salaries are too low when it comes to consulting as compared to the USA

[@FirmLearning]

Definitely lower indeed :) Best, Heinrich

[@opnspa55]

In Germany can one work as a consultant in two different companies?

[@FirmLearning]

Hi, well in theory it is possible to have two independent labor contracts. Though in practice can hardly imagine that any of the major consulting firms will allow it (besides the fact that it will be almost impossible, just regarding the workload). Best! Heinrich

[@jefftX]

What’s conzalting?

[@FirmLearning]

;) Thanks for watching Jeff! Best, Heinrich

[@vicluu8026]

After looking at how much consultants make in their first year, I am so glad that I did not pick this career path.

[@FirmLearning]

What career path did you choose?

[@anonymousgamerfifa12]

Data seems flawed. Bain definitely doesn’t lag Mck by that much in India and BCG easily pays more than both.

[@FirmLearning]

Might be some outliers affecting the averages, full data set is available for review 👍

[@JuanJuan-fp8kq]

Hey cool videos, but have you tried saying conSulting instead of conZZZulting? Jokes aside, great content btw, many thanks!

[@FirmLearning]

Hi Juan, thanks definitely many things I can work on regarding my pronunciation ;) Best, Heinrich

[@user-jw6ny1bl6m]

so if the data is correct. this means that while overall compensation in MBB is higher than the big 4 by 70%, on an hourly basis, there is only 7% difference🤡🤡🤡🤡🤡.

[@MRFLOPPYmr]

Why is everyone trying to get into consulting?😂 Get into sales. Far more freedom, far less working hours plus comparable salary 🤷‍♂

[@FirmLearning]

Agree that Sales offers some great opportunities with significantly better lifestyle (e.g AE roles at fast-growing SaaS companies). Though I would argue that the learning curve is more attractive in consulting (of course depends on the exact sales role). You can still move into an AE / Enterprise Sales role after a few years at MBB. Best! Heinrich

[@jasperr8]

Same Burnout if not more? You're the one pressured in the company no other, right? I've got some sales qualities and experiences, experience with project contracts and networking. Currently CFO of a 80 person student Consultancy in addition to finishing my degree. I've always lacked an understanding of where the path of sales would lead career wise. Head of sales sometime? I can not wrap my head around the cognitive challenges I could conquer. Also I feel like the product has influence on me. I've always read employers want people with x experience in their certain surrounding market. I've switched from hierarchically working on the level of lawyer to starting a bachelor's that led me to consulting, now finishing in my late 20s. I like the diverse challenges. Which sales position can offer me this at this moment with my background ?

[@jasperr8]

@@FirmLearning which would be those fast growing SaaS companies? I feel like starting directly in sales without having had any full-time sales job is too much of commitment. Also the idea of having to close deals is nerve wrecking atm.

[@ConsultingHumor]

Ayy!

[@FirmLearning]

Thanks for putting all of this together! #transparency

[@BGWee]

These are IB hours almost for like half the salary…

[@FirmLearning]

Big difference to IB: weekends are free ;) Cheers, H

[@toplock4046]

Can confirm that IB hours are all 80+ hours. With the boutiques usually 100+

[@BGWee]

@@toplock4046 Do you work in IB? Do you not regret going into a sector with such insane hours?

[@Lyonezz]

I can for sure tell you that all data about germany are fake. No deloitte senior associate or accenture senior associate gets around 100K €. I worked for both companies. The salary for seniors is around 55K

[@another_youtube_bot4400]

That’s way too many hours for not enough money…

[@oxidalpha6350]

Not worth in germany. You have much higher salary with 1-3 burger restaurants or coffee/bars with much less effort.

[@oxidalpha6350]

@@JoaoAlmeida29453 junior maybe 50-70k? Im not sure. As senior 130-160k? But in germany it doesent matter you have to high taxes here. From the 130k you will get 6k every month after taxes for that much stress and responsibility. Doesent worth. You can easly reach this salary with small restaurant in 1 week.

[@gabrielslater2739]

commenting for the algorithm...

[@FirmLearning]

That is aweseome - much appreciated Gabriel, thank you! Best, Heinrich

[@mayurdutta2375]

The US and Indian comparison my lord 🥲

[@FirmLearning]

Indeed..!

[@gewissenruhinsider3583]

Alter hörst du dich deutsch an😂😂. Trotzdem gutes Video👌🏼

[@tmokorie7649]

Nicest guy with the worst accent ever. Very insightful and useful. Great work buddy!!

[@FirmLearning]

;) thank you for watching, appreciate it! All the best - H

[@emmablair6312]

oh wow

[@CalexBudz]

Mmm yes. Conzitant

[@allensvideo4108]

Dude...you sound like Arnold

[@boahgeil465]

Glad that I do not work in a consulting company. i prefer less working hrs and more money lol

[@anmolmishra3635]

From india

[@FirmLearning]

Thanks for watching Anmol! Best, Heinrich

[@Michael-vf2mw]

"Conzighting"

[@michaelbauer8778]

Had a look into the data. Sorry, nur without any preprocessing all your salary related insights are worthless. For most of the subsets the samples are too small. Furthermore, selected samples come with significant higher ground truth than other ones (example Bain has a lot obvious salary per month OR in K range) Anyways, thanks for the data

[@FirmLearning]

Hi Michael, thanks for sharing your insights. Agree that the analyses would benefit from additional data cleaning. Though I did take out some of the most obvious outliers when putting this together, and some of the other comments confirming the numbers show that they do not seem to be too far away from the truth. Best! Heinrich

[@michaelbauer8778]

@@FirmLearning great, I just above your presentation and saw "no preprocessing" - but some basic data cleaning sounds adequate