When should I quit consulting?

And that summary is that the perfect time to leave is between 21 and 30 months – or more readily stated as just less than 2 years up to 2.5 years or so. You might be looking for the perfect opportunity right through that window.

What happens after leaving consulting?

Heading back to grad school is a common exit strategy for those within consulting, especially if you started a consulting gig straight out of undergrad. If you’re thinking you’ll ultimately stay in consulting, getting more education can help secure you higher pay, a specialization, or a promotion within your company.

How do I quit a consulting job?

Have a professionally written resignation letter to give to them. But tell them verbally. The letter is a formality and should not be used to tell them that you’re leaving. They will more than likely ask you why you’re leaving and where you are going to work.

What is the difference between Tier 1 and Tier 2 management firms?

In general however Tier 1 Management or Standard Consulting Firm consist of the Big 4 (mentioned above) whilst all remaining firms can call themselves Tier 2 if they really want.

Are the compensation tiers for management consultant salaries flexible?

The compensation tiers for management consultant salaries are not flexible. For some firms, these compensation tiers are the same across all offices in a region. (Ex: the BCG consultant salary for someone in Atlanta will be the same as the salary for a BCG consultant in New York).

Do top consulting firms pay their staff the same salary?

This varies by firm, but most top tier consulting firms have been able to keep staff salaries the same, with partners taking the greatest hit to their compensation. Some firms have increased base salaries and performance bonuses as a way to incentivise staff to stay. (See this article about PwC for one example.)

Can you negotiate a management consultant salary?

The first thing to note is that a management consultant salary is typically non-negotiable at the base salary level. If you’re going into an offer with the hopes of negotiating an additional few thousand dollars, think again.