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salary: bachelors v. masters

 
#1 salary: bachelors v. masters
25/10/2008 21:20

Lisa

Can anyone tell me if there is a difference between an undergraduate's starting salary and a pre-work experience masters' starting salary in the big 4 consulting firms? And what are they likely to be in London at the moment?

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#2 RE: salary: bachelors v. masters
26/10/2008 01:04

anon to Lisa (#1)

Nil difference.

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#3 RE: salary: bachelors v. masters
26/10/2008 12:57

Anon to anon (#2)

I second that. Outside the green dot the other big 4 firms have a very small (if any) intake for consulting roles at grad level

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#4 RE: salary: bachelors v. masters
28/10/2008 13:34

Bill to Anon (#3)

what's a green dot?

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#5 RE: salary: bachelors v. masters
28/10/2008 14:04

Cynic to Bill (#4)

Green dot = Deloitte Consulting

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#6 RE: salary: bachelors v. masters
05/03/2009 19:28

McK-ite to Lisa (#1)

I joined Mckinsey with a masters at JA level, and got 35% more than analysts with an undergrad.

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#7 RE: salary: bachelors v. masters
05/03/2009 20:56

wise owl to McK-ite (#6)

O Rly

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#8 RE: salary: bachelors v. masters
06/03/2009 02:57

E51 to Lisa (#1)

it all depends on what line of work u are in. For instance, in the clinical healthcare or research field, masters goes a very long way. Same for specialised consulting such as in depth engineering consulting.

For most broad based big 4 type IT/Business consulting, there isnt much difference in salary. the masters will give u a bit of an advantage over other applicants- but work experience counts for the most here. Salary wise, i'd say about a measly 5% increment over bachelors...really not much and may leave you wondering if its worth it.

That 5% is from job to job over your career, so in the long run it is worth it.

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#9 RE: salary: bachelors v. masters
06/03/2009 09:33

Recruiter to E51 (#8)

In almost all cases, the answer is zero.

I would strongly query the reasons for doing a Masters unless it was for a deeply technical subject. Why would you want to defer going into the workplace and earning a living, rather than spending another year cogitating over theoretical discourse

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#10 RE: salary: bachelors v. masters
06/03/2009 10:58

Casio to Recruiter (#9)

Uni is fun.

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