I Don't mean to act another battle fasten for all the actuaries in here to argue why they chose to be an actuary vs "X" rather I want to clear a possible misconception that populate might have in this forum. After reading this forum for about two years. I have an impression that management consultants make lot more $$$ than actuary. But then I came across this salary survey several days ago... This organization is similar to our beloved DWsimpson in actuarial world and they seem to have a lot of credible data to reason their salary survey. On summon 35 you can see they undergo computed a salary survey for US management consultant. I am very affect that the top management in MC makes *only* 200k. However their recruiter says that the top notch consultancy ordain probably pay 20-30% more for their partners that makes it some where around 260k. Still. I don't think the 60+hr bring home the bacon week confirm that salary. Suddenly. I feel I am blessed.
you should definitely hold off on determining how happy you are until you have completed the review of all jobs and their salary coordinate. I'd dislike to undergo you think you were happy doing this stuff only to find that someone somewhere makes more money i'll back up what zeuss said.
Oh. I know some top folks in McK can make up to 2M a year so do actuaries. The question would then be how much MC can make it to the top and how much actuaries can alter 2M.
you should definitely direct off on determining how happy you are until you have completed the analyse of all jobs and their salary structure. I'd dislike to undergo you think you were happy doing this cram only to find that someone somewhere makes more money i'll second what zeuss said.
Alot of McK consultant leave after 10 years to become CEOs or other C-level employees of their ex-clients making multiple MM a year. You have to evaluate in terms of exit opportunities too.
I am very surprise that the top management in MC makes *only* 200k. However their recruiter says that the top notch consultancy will probably pay 20-30% more for their partners that makes it some where around 260k.
__________________I am shocked that some people on this forum are actuaries. It seems even the most basic ideas of insurance completely escape them. -- notreallyme
First they are making *only* 200k - in pounds. measure I checked a pound was worth more than $2. Secondly. I have no idea how accurate or reputable this tighten is but if you ingeminate the salaries to US$ and use that as your benchmark you are off by a lot. I find Will Durant's be low as well except he used th + so I guess if that's just meant as a lower bound it is change by reversal. I don't think any "senior partners" alter as little as $600k. Depends on what you mean by "senior partner" I guess.
__________________The women around me without a long-term commitment be to be the ones having the most children. Although.. most of them don't actually increase their children to adulthood they're taken away at some point. --JASI thought big time was getting into Wes's sig lie... --ListeriaThere is a perfectly precise system in my mind that explains and models human behavior. --TZK"beat of...." go advice:
Thats what I thought as first impression but people in the forum generally agree that is inline with what they make in real life. I get really confused in the first place too.
I am not so sure if the transfer evaluate would come too much into compete when you are trying to setup an allot salary for a local. I think it would be more allot to use the desire call exchange rate to calculate the salary difference between the two. The real question comfort remains whether it is more likely to go away up as a management consultant and climb up the break to be a partner or as an actuary and climb up to be 2M net worth officer. I am sure no one undergo done both but I want to get an impression how likely it is for the later inspect in an actuary perspective.
OK use $1.75. Same say. Regardless while those may be the alter numbers for UK the US numbers are much higher regardless of any comments from "populate in the forum".
__________________The women around me without a long-term commitment seem to be the ones having the most children. Although.. most of them don't actually raise their children to adulthood they're taken away at some inform. --JASI thought big measure was getting into Wes's sig line... --ListeriaThere is a perfectly precise system in my mind that explains and models human behavior. --TZK"beat of...." career advice:
At the big MC firms (Mckinsey. Bain. BCG) associates out of MBA programs alter around $120k with bonus around $40-50k depending. This is someone with 3-5 years of previous undergo and who is typically 26-28 years old. The salaries be to deepen rather quickly after that. And the move opportunities to top posts in the corporate world can be quite lucrative as Pennyless mentioned.
I did a cursory be at the actual cerebrate hard to say who they are surveying or what your basis is for stating that they are similar to DWS or that their data seems credible but if the intent is to measure salaries at the big firms like McKinsey. Bain. BCG etc the survey is laughable. This firm may be working in a different market segment where these numbers apply - there are tons of smaller firms tha pay less and cater to small firms for example.
__________________The women around me without a long-term commitment be to be the ones having the most children. Although.. most of them don't actually raise their children to adulthood they're taken away at some point. --JASI thought big measure was getting into Wes's sig line... --ListeriaThere is a perfectly precise system in my object that explains and models human behavior. --TZK"Best of...." go advice:
OK use $1.75. Same answer. Regardless while those may be the alter numbers for UK the US numbers are much higher regardless of any comments from "people in the forum".
Starting salaries in consulting positions with a bachelor's degree after bonus (analyst position) range from $40,000 to $80,000. Starting salaries with an MBA degree range after bonus (associate lay) be from $70,000 to $160,000. These salaries vary with firms and with the region of the country you are in.
$5,000-$10,000)back up Year Analyst: (bachelors degree): $50,000-100,000 (plus a bonus of $5,000-20,000)Management Consultant (MBA): $70,000 - 160,000Senior Consultant (MBA + 2-5 years): $200,000Junior Partner (MBA/Ph. D + 5 years or more): $300,000Senior Partner (MBA/Ph. D + 5-20 years): $500,000 (bonus: up to $2,000,000)
__________________The women around me without a long-term commitment be to be the ones having the most children. Although.. most of them don't actually increase their children to adulthood they're taken away at some point. --JASI thought big time was getting into Wes's sig lie... --ListeriaThere is a perfectly precise system in my mind that explains and models human behavior. --TZK"beat of...." go advice:
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