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Show me the money

 
#1 Show me the money
20/12/2007 17:05

Jerry Maguire

It seems these days that bonuses and pay rises are being restricted in Consulting. Doctors, Lawyers and even accountants are all guranteed to make a certain amount after 8 years of working. My question is simple.

In consulting, Is it possible to earn 100K per annum after working for 8 years?

Most people I know from the big four earn around £70K after 8 years despite what Tony's salary survey says.

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#2 RE: Show me the money
20/12/2007 17:17

anon to Jerry Maguire (#1)

I work for one of the big 4 consulting firms and and including bonus/car etc. you'd be on pretty much dead on 100k after 8 years. Bit less maybe.

It's not that much money though unless you're not in london.

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#3 RE: Show me the money
20/12/2007 18:15

Merlin to anon (#2)

Thats what two years in banking gets you.

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#4 RE: Show me the money
20/12/2007 18:45

Jerry Maguire to Merlin (#3)

What part of banking Merlin? Asset management, commodities, compliance? Do most banking folk get £100K after two years. I know for a fact that middle office opportunities pay circa £60K for 5 years experience excl. bonus.

As for anon - perhaps you can provide a clue to your employers ;-)

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#5 Show me the money
20/12/2007 19:55

Mikmo to Jerry Maguire (#4)

Only the best S&T roles in BB banks will be getting £100k + in two years. In fact those guys can be making £200k+ in two years... but only the best.

Normal FO positions, even in BB banks won't be on £100k in two years, maybe £60-80 if they are getting good bonuses... i.e S&T, M&A.

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#6 RE: Show me the money
20/12/2007 22:00

Strat to Mikmo (#5)

London post-MBA consulting salaries at the top firms are c.£100kall in.

So you could spend a couple of years at one, then get sponsored at B-school, and be on £100k four or five years out of university.

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#7 RE: Show me the money
21/12/2007 15:50

Jerry Maguire to Strat (#6)

I hear Auditer can make partner at the big 4 after about 8 years. Does that mean they will be earning way more than £100K?

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