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How long does it take to reach 100k?

 
#1 How long does it take to reach 100k?
23/10/2009 10:44

MBA

I know the starting base salary of MBA associates at M/B/B in London is around 68k, so it should not take too long to reach 100k (including bonus). However I am not sure about 2-nd tier consulting companies.

For a top MBA in Europe (LBS/INSEAD/IMD), how long does it take to reach 100k level (including bonus) outside M/B/B?

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#2 RE: How long does it take to reach 100k?
23/10/2009 12:43

Shot in the Dark to MBA (#1)

4 years, 8 months, 23 days, 15 hours & 52 seconds.

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#3 RE: How long does it take to reach 100k?
23/10/2009 12:47

Tony Restell to MBA (#1)

You may find the <a href=http://www.top-consultant.com/salary_survey2009.asp>Salary Benchmarking Report</a> we published in the last couple of months an insightful read.

The report shows in strategy consulting specifically, someone at the Project Manager grade would typically earn £92k and you would expect to be at this level within a couple of years of MBA graduation. To break through £100k it's likely you'd need to make the next jump to Principal / Associate Partner, at which point you'd be on £126k.

The corresponding figures for other types of consulting are contained within the report. Hope this helps.

Tony Restell, Top-Consultant.com

<a href=http://events.top-consultant.com/UK/careerconference.aspx?ID=421>Your career at a crossroads – which way next?</a>

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#4 RE: How long does it take to reach 100k?
23/10/2009 13:48

MBA to Tony Restell (#3)

Thanks for your response. I will check out the report...

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#5 RE: How long does it take to reach 100k?
23/10/2009 13:49

MBA to Shot in the Dark (#2)

Sorry I was not referring to your field (IT "Consulting").

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#6 RE: How long does it take to reach 100k?
23/10/2009 13:50

MBA to MBA (#5)

The previous post was to "Shot in the dark".

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