| Topic Name: |
Undergrad Major |
| Message Name: |
$$AN OUTSIDERS VIEWPOINT$$ |
| Date Posted: |
02/04/2003 |
| In Reply To: |
Thanks for the advice. Actually, I'm not intimidated by mathematics at all. I'm just worried that my failure to pursue a more quantitative major might lead them to believe I am -- which apparently, it might (as it did for you). |
| Message: |
I am thinking about doing an MBA and getting myself into a consulting firm. Part of this ambition is fueled by the salary charts I have seen for consultants at various positions on the internet (eg www.careers-in-finance.com). I figured if you worked hard and put in your time (7-10 years as it proclaims in these afore mentioned charts) you'll one day wake up a Partner/MD/Senior Head Honcho...and make the mid to high 6 figures (1-2 mill with bonuses).
This seems like a sweet deal and I wonder why everyone with a brain, above average work ethic, and a desire to make some dough isn't doing this (aside from being a dentist or a foreign med school trained doctor)? So my questions to all you consultants and possible future co-workers are listed below:
1. Are the salary charts true for the various levels at consulting firms?
2. If you work hard for 7-10 years will you become a head honcho? If not how many years does it take to get on the gravy train?
3. What if everyone at the Big-4 decided to become Partners at their respective firms today. If they all worked hard and stuck at it, would they all get there?
4. What are some of the forces (besides the obvious: layoffs, family issues, health, bad politics) that get people kicked out of these firms
5. What kind of positions do consultants get once they leave their firms?
I guess I am trying to get to the bottom of why people in my "dream companies" have reason to complain? If you get laid off, doesn't that firm's name on your resume still get you jobs any place in industry? Reading these boards makes me feel that not all of you are not exactly happy....
Anyways, I will post this message on other boards withing Vault to find out the answers. I really appreciate all of the respondants time and effort-you should know that many aspiring (money-loving like myself) consultants read these boards and would also appreciate candid remarks.
Good luck and best regards to all of you.
K Diggity
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