On a totally related note, become part of the most disruptive GGI Fellowship to get in management consulting/development consulting here (recently featured by Poets & Quants also) - www.globalgovernanceinitiative.org/
Hey - I have recently joined consulting from Audit (Due Diligence practice of a big four) and was researching for the role, that’s when I came across your content. Safe to say, it’s very useful, relatable and insightful. Great job. Way to go
I am not generalising but now a days In IT industry most employees are really work less than 45 hrs a week & getting salary more or less the same as MBB consultant.
This is 100% correct. These consulting jobs may sound good and "prestigious" but really they suck the soul out of those working in these fields. Work volume is very high and expectations that you should work 10-11 hours are pretty common. In my opinion, the pay is not commensurate with the stress that you have to go through. In contrast, IT jobs generally pay pretty well and don't require you to sell your soul.
Entry level salary in tech for firms which expects 60-70 hrs work(i.e. HFTs) is more that 60 lpa. Surely, it's the time to be in tech! Even faangs of the world pay either more or similar to mbb with much better wlb.
my dad is a rikshaw driver and he works all day no weekend off and he works for approximately 60+ hrs he goes in the morning at 8 am and returns back to home at 9 am so I assume it to be more than 60+ so i m a CA aspirant and i want to get into IB or consulting and i can work for 80+ hrs bcauz my dad has worked all his life to educate us and i can not give an excuse that i don't want to work for 60+hrs if I get the job
@@akshaykumarvyas thanku brother for your generous reply But it is not only about the physical stress it is also about the mental stress created due to a very small income approx 10-15 k He has to in these 10-15k saved in a month allocate it to our education me and my small brother Provide all other expenses like classes school daily household expenses and we could go on For a very small small hope which is we as normal child's could grow earn a living from doing work not as a rickshaw wala or any other labour work but as well educated people who definitely could sustain mental stress bcauz it is there job to do so he does not wants us to earn through physical means but earn through our intellect By the the way in CA we do study 10-12 hrs a day every day with a huge pressure of the exams which would definitely be less than the pressure of work
@@akshaykumarvyas thanku brother for the generous reply This time I'll cut it short I'll take care of my health by exercising everyday and also I'll try to maintain my work life balance So thanku my friend 😃😃
No MBA can be ever compared to CA..... You have chosen the best thing for yourself....in front of CA, MBA is a mere joke..... Ye saari degrees eg. MBA, BBA, business analysts etc. Ekk taraf aaur CA ekk taraf...... These all degrees even if combined together... Can't match the greatness of chartered accountancy course 🔥🔥🔥CA's can work in an MBA domain... But an MBA can never ever work in CA domain........
Finally found someone who talks both pros and cons of consulting bcz most of the people boast only salary and didn't mention about working hours Thanks a lot mam 😊
Hi Shatakshi. Love your content. Could you please throw some light on oppurtunities for CA's in BCG and also the industrial training offered by BCG for CA final students
I have been a part of your linkedln network and seen many of your posts, didn't knew you made so many videos, I'll go through them and comment in forthcoming videos as to what I want to see. Keep sharing your experiences and skill set.
I've often heard about "spikes" that consulting brands look for. Could you please elaborate this from a MBB point of view? And while I'm aware that MBBs hire from IIMs, IITs and ISB in India, what is a way you would recommend to get into MBBs from tech consulting to management consulting?
Thank You for such an honest Video! Had one request. Can you comment on the average hike/appraisal cycle and percentage?Also some colour on the work or process thay goes behind getting yourself a promotion?
Please make in depth video on how to prepare and Management consulting roles. Also if someone as good Data Analytics domain knowledge will it be an additional benefit to get into Management consulting?
Its a very poor salary for people working 60-70 hours a week. You can easily make at least 40% more than this at a good tech company while working 40 hours a week and having a life. I have seen quite a few people who receive "pay correction" when they joined from MBB companies to any of the top tech major. Also tech firms give you stock options which over a period of years is more than your entire net worth. MBB gives you no such choices. In a nutshell you can make more money, have better work life balance and work on interesting stuff while working at a Tech major than at an MBB firm.
No offence to anyone but really surprised to see the salaries of these so called "top firms". A good software job or a software job in an investment banking firm pays pretty much the same salary , even more in many cases and the hours of work might be lesser because 60-65 is the maximum that is expected out of you. And these are just BE/BTech graduates with some 5-6 years of experience. So no offence but these big firms need to up their salaries if they still want to be called as "premium" employers.
Software engineers generally get 3.5 lakh per annum during their initial years. One has to work their ass off on DS and languages to get into product based companies. At the end, job security decreases with age. MBB people get into higher management roles by 8-10 years.
Hi Avinash, it really depends upon your goals. ISB is primarily a consulting and PM feeder school. If you want to go there, then yes. But lets say you want to explore private equity, venture capital, then it will be tricky. Of course , that doesn't mean that consulting offer post ISB will be a piece of cake either :)
Hi Shatakshi, is it actually possible to transition to management consulting from data science? Especially at an age like 31? Or is it a must to do an MBA?
All these rules and boundaries have been created by so called “know-it-all” gurus to make you feel - it is not possible. The world is created by people no smarter than you - please go ahead and explore what you love the most - even if you are 85. All the best.
Data scientists can be a much more successful profession than Consulting, Try to grow in that if you can...It might lead you to great success, If not...Then go for MBA from a top b School,Your work ex would get you a healthy package
Hi Satakshi, I am currently doing my MBA with a Specialization in Marketing management. I was exploring transition possibilities into consulting. At 30, do you think it's worth a go..my main area of experience being in Sales and Marketing?
To explore transition possibilities from Marketing to Consulting. In my opinion, it's a wise decision to go into Consulting. I don't think age matters. However, for this you better book and pay for 1 on 1 with Shatakshi or Finance with Sharan or Hrithik Mehlawat or anyone you know who can guide you while transitioning into Consulting.
I m 41. Not from elite b schools But wish to get high paying job I have been trying since the age of 26 27 but IT industry is full of backdoor entries. Please help
Did you do the PGP program at ISB Hyderabad? Would you suggest it to someone who’s looking to progress in his Consulting career? Also is it the equivalent of doing an MBA from any other university?? Thanks
Hi Shatakshi, hope you are doing well! I am looking towards Financial Analyst role in RTR process at BCG but didn't got any response yet! Could you please help out in connecting to HR?
Hi Everyone Right now, I am persuing CA FInal and having exam this year And not have any experience in BIG 4 yet Can anyone can guide me how I can grow myself and get the job kn these giant management consultancy firm Thank u in advance
Mam, I am koushik Ganguly from kolkata in India. I have done my MBA from eiilm kolkata, now I am about 38 I have keen interest get a management consulting industry, I have experience on sale now now I am interested to enter management consulting job, may I enter may consulting job at stage or age
Pharma company have huge R &D division and yes they hire consultants with pharmacy/ research background + MBA degree. It is very confusing sure but it is very common. Esp from college like ISB etc
I am an engineering graduate and I work in the construction sector. I work almost 70 to 80 hours for the last 19 yrs. Always I feel that the working hours in consulting are far better than construction sector. I am not generalizing that all personnel in construction work these many hours/week. But mostly who work in subcontracting construction companies are exposed to a minimum of 70 hrs.
It's nothing compared to how many hours an IB analyst/associate needs to work 80-100hr/week are a common feature. Compared to that 60-70hr is very manageable. It's basically 12hrs a day and also you are not working the entire day, their are breaks involved
Hi Ma'am I'm a MBA Graduate and currently working as NetSuite consultant.. What is your opinion about this job, does it provide me opportunity to grow?
Dude this question u should ask ur friends or people in ur company who have been there longer than u. Only they can give u the right answer as they have much experience in that firm
Hey shatakshi i am an engineering student from tier lets say 1.5 college its brand value is pretty good but it is not obviously iit or bits how can i enter into consulting or management also i am right now preparing for deffered mba
![SALARIES & HOURS of Banker VS Consultant Exposed 🤯[Ex, BCG] - Applicable for Mckinsey/Bain/Goldman](http://i.ytimg.com/vi/O9K0SyOaM9M/mqdefault.jpg)
![[Live สด] การออกรางวัลสลากกินแบ่งรัฐบาล งวดวันที่ 16 พฤศจิกายน 2567](http://i.ytimg.com/vi/wPd7VFfWHIA/mqdefault.jpg)
On a totally related note, become part of the most disruptive GGI Fellowship to get in management consulting/development consulting here (recently featured by Poets & Quants also) - www.globalgovernanceinitiative.org/
i have seen many people in linkedin they got associate role directly after undergrad from it b d
Hey - I have recently joined consulting from Audit (Due Diligence practice of a big four) and was researching for the role, that’s when I came across your content. Safe to say, it’s very useful, relatable and insightful. Great job. Way to go
I am not generalising but now a days In IT industry most employees are really work less than 45 hrs a week & getting salary more or less the same as MBB consultant.
I would say more than what MBAs are getting...
These days it is tech that is ruling.
Yup. I have 4 years of experience in AI and I work approx 30 - 35 hours in a week and earn more
This is 100% correct. These consulting jobs may sound good and "prestigious" but really they suck the soul out of those working in these fields. Work volume is very high and expectations that you should work 10-11 hours are pretty common. In my opinion, the pay is not commensurate with the stress that you have to go through. In contrast, IT jobs generally pay pretty well and don't require you to sell your soul.
@@kd6931-w2m hi bro..can you contact me i need some information regarding AI?
@@amitsrivastava9190 You can dm me on LinkedIn...search for my name along with nlp
Entry level salary in tech for firms which expects 60-70 hrs work(i.e. HFTs) is more that 60 lpa. Surely, it's the time to be in tech! Even faangs of the world pay either more or similar to mbb with much better wlb.
Agreed
Yes i aggreed
This is age of it .IT is future
It's totally depends upon the person for which organization he/she wants to work for.
WLB differs for diff project in MBB and it's not everyone's cup to tea to work for MBB
my dad is a rikshaw driver and he works all day no weekend off and he works for approximately 60+ hrs
he goes in the morning at 8 am and returns back to home at 9 am
so I assume it to be more than 60+
so i m a CA aspirant and i want to get into IB or consulting
and i can work for 80+ hrs bcauz my dad has worked all his life to educate us and i can not give an excuse that i don't want to work for 60+hrs if I get the job
Btw CA aur Consulting IB pura alag alag field hai 🙂🙂🙂
@@akshaykumarvyas thanku brother for your generous reply
But it is not only about the physical stress it is also about the mental stress created due to a very small income approx 10-15 k
He has to in these 10-15k saved in a month allocate it to our education me and my small brother
Provide all other expenses like classes school daily household expenses and we could go on
For a very small small hope which is we as normal child's could grow earn a living from doing work not as a rickshaw wala or any other labour work but as well educated people who definitely could sustain mental stress bcauz it is there job to do so he does not wants us to earn through physical means but earn through our intellect
By the the way in CA we do study 10-12 hrs a day every day with a huge pressure of the exams which would definitely be less than the pressure of work
@@akshaykumarvyas thanku brother for the generous reply
This time I'll cut it short
I'll take care of my health by exercising everyday and also I'll try to maintain my work life balance
So thanku my friend 😃😃
Niice drive there brother
Keep grinding
No MBA can be ever compared to CA..... You have chosen the best thing for yourself....in front of CA, MBA is a mere joke..... Ye saari degrees eg. MBA, BBA, business analysts etc. Ekk taraf aaur CA ekk taraf...... These all degrees even if combined together... Can't match the greatness of chartered accountancy course 🔥🔥🔥CA's can work in an MBA domain... But an MBA can never ever work in CA domain........
54% of the CTC is what you get in hand. idk but i feel like companies today inflate their CTC to lure employees.
Moral : avoid consulting career despite the tempting pay
Finally found someone who talks both pros and cons of consulting bcz most of the people boast only salary and didn't mention about working hours
Thanks a lot mam 😊
Hi Shatakshi. Love your content. Could you please throw some light on oppurtunities for CA's in BCG and also the industrial training offered by BCG for CA final students
Would be quite helpful for many CA students, if you make a video on possibilities of CAs in consulting domain...
Only 1-2 CA in or coupls gets job in consulting ... Even They only interview the rank holders....
Getting job as a ca in bcg is next to impossible only handful / rankers would get
I have been a part of your linkedln network and seen many of your posts, didn't knew you made so many videos, I'll go through them and comment in forthcoming videos as to what I want to see.
Keep sharing your experiences and skill set.
I've often heard about "spikes" that consulting brands look for. Could you please elaborate this from a MBB point of view? And while I'm aware that MBBs hire from IIMs, IITs and ISB in India, what is a way you would recommend to get into MBBs from tech consulting to management consulting?
A big Yes!! ❤
I'm coming to this "The Elite Group!!"
~33LPA and ~1.5 LPM, For some reason I can't put the math or logic behind this. I also read a comment abt no stocks and pensions included.
I am still thinking how it got to 1.5lpm
Remove tax
1.5 lakhs in hand with 33 lakhs CTC.. that's pretty low..
I interacted with Bechtel once while doing a job,I thought they have good salaries ! It was a mirage
I believe you're doing quite well for yourself and sometimes when its left in surplus try hiring a good editor
Its great to see you here shatakshi👍Bang on
Hi I'm Ariful Islam leeton im software engineer and members of the international organization who and members of the international telecommunications
Thank You for such an honest Video!
Had one request. Can you comment on the average hike/appraisal cycle and percentage?Also some colour on the work or process thay goes behind getting yourself a promotion?
Please make in depth video on how to prepare and Management consulting roles. Also if someone as good Data Analytics domain knowledge will it be an additional benefit to get into Management consulting?
Its a very poor salary for people working 60-70 hours a week. You can easily make at least 40% more than this at a good tech company while working 40 hours a week and having a life. I have seen quite a few people who receive "pay correction" when they joined from MBB companies to any of the top tech major. Also tech firms give you stock options which over a period of years is more than your entire net worth. MBB gives you no such choices. In a nutshell you can make more money, have better work life balance and work on interesting stuff while working at a Tech major than at an MBB firm.
Haha, hold the gloves of young doctors working in india with poor infrastructure and rowdy patients, for peanuts
No offence to anyone but really surprised to see the salaries of these so called "top firms". A good software job or a software job in an investment banking firm pays pretty much the same salary , even more in many cases and the hours of work might be lesser because 60-65 is the maximum that is expected out of you. And these are just BE/BTech graduates with some 5-6 years of experience. So no offence but these big firms need to up their salaries if they still want to be called as "premium" employers.
I wasn't aware that IT pays similar. Good for them :)
Sure tarun, same will be communicated to MBB HR teams
Software engineers generally get 3.5 lakh per annum during their initial years. One has to work their ass off on DS and languages to get into product based companies. At the end, job security decreases with age. MBB people get into higher management roles by 8-10 years.
Thank you for being so transparent!
50-60 hrs ..... unbelievable
Could you please make video on the other departments as well? Such as Admin, HR & So on?
Mam why inhand is less at 1.5l per month where ctc is 30lpa
Does 1.5 lpa goes to pension nps taxes or does it includes company shares stocks
No, 1.5L doesnt include pension or stocks
@@Shatakshi.Sharma So do you get Stocks as part of your CTC ?
Came here because of the video Title, but fuck that, I just absolutely love your tattoo 💯
Hi shatakshi, nice content!
Can you please make video about business analyst in big 3?
Hi @Shatakshi, I am 29 years old and I am preparing for my gmat exam . Do you think MBA from ISB will be valuable for me?
Hi Avinash, it really depends upon your goals. ISB is primarily a consulting and PM feeder school. If you want to go there, then yes. But lets say you want to explore private equity, venture capital, then it will be tricky. Of course , that doesn't mean that consulting offer post ISB will be a piece of cake either :)
So glad you are on TH-cam!! Following you on LinkedIn for a while now. Keep up the great content ❤😊
Does BCG hire for business analyst role?? Like McKinsey and BAIN??
Shatakshi - Would suggest to invest in a decent mic as video's voice quality is not part with the content, atleat till ~ 4 min mark
Hi Shatakshi, is it actually possible to transition to management consulting from data science? Especially at an age like 31? Or is it a must to do an MBA?
All these rules and boundaries have been created by so called “know-it-all” gurus to make you feel - it is not possible. The world is created by people no smarter than you - please go ahead and explore what you love the most - even if you are 85. All the best.
Try for MBA in the usa
@@MrSpoiltbratt great words.
Data scientists can be a much more successful profession than Consulting, Try to grow in that if you can...It might lead you to great success, If not...Then go for MBA from a top b School,Your work ex would get you a healthy package
@@bhavaykalra5805 both are successful professions. No bias plz
Hi Satakshi, I am currently doing my MBA with a Specialization in Marketing management. I was exploring transition possibilities into consulting. At 30, do you think it's worth a go..my main area of experience being in Sales and Marketing?
To explore transition possibilities from Marketing to Consulting. In my opinion, it's a wise decision to go into Consulting. I don't think age matters. However, for this you better book and pay for 1 on 1 with Shatakshi or Finance with Sharan or Hrithik Mehlawat or anyone you know who can guide you while transitioning into Consulting.
Great content. Keep going!!
Good explanation mam
I m 41.
Not from elite b schools
But wish to get high paying job
I have been trying since the age of 26 27 but IT industry is full of backdoor entries.
Please help
Noted. Will have ministry of labour and employment get in touch with you to arrange job for you in the MBB
Quite informative.Can u pls give an idea how is the growth trajectory n how much time it takes for an Analyst to reach a Manager or Partner level
It typically takes 9-12 years for an analyst to reach a Partner in MBB atleast. Can be earlier in Big 4 I believe.
Wow very refreshing , keep it up
Did you do the PGP program at ISB Hyderabad? Would you suggest it to someone who’s looking to progress in his Consulting career? Also is it the equivalent of doing an MBA from any other university?? Thanks
Management consulting mein ghus jaao bas set hai life is the whole crux of the channel !
Thanks a lot for this.
Hi Shatakshi, hope you are doing well!
I am looking towards Financial Analyst role in RTR process at BCG but didn't got any response yet! Could you please help out in connecting to HR?
I really like your tatoo...❤😂😂
Hi Everyone
Right now, I am persuing CA FInal and having exam this year
And not have any experience in BIG 4 yet
Can anyone can guide me how I can grow myself and get the job kn these giant management consultancy firm
Thank u in advance
Mam, I am koushik Ganguly from kolkata in India. I have done my MBA from eiilm kolkata, now I am about 38 I have keen interest get a management consulting industry, I have experience on sale now now I am interested to enter management consulting job, may I enter may consulting job at stage or age
can u please add upi or wallets as payment options at GGI, will make it user friendly and faster for applicants
Beside All 3 Top Consulting firm,do pharma Companies also have consulting firm?And what is the job there and salary and working hours ?plz reply mam
Pharma company have huge R &D division and yes they hire consultants with pharmacy/ research background + MBA degree.
It is very confusing sure but it is very common.
Esp from college like ISB etc
What was your salary spike next year?
How much would a rank holder in CA course earn in bcg ?
It's 50 crs. You can retire after working for 1 year
First he needs to be in bcg... It's almost impossible for CA's to be there
plz tell me what is the working hour in abroad... of mba consultant job
Can you please detail about a Treasury, The role and pay?
Mam, what is eligibility criteria for recruitment as consultant during MBA?
Hi Shatakshi,
How consultants manage 60-70 hrs/week?
Because I think these hours are too much for a person to handle on daily basis.
I am an engineering graduate and I work in the construction sector. I work almost 70 to 80 hours for the last 19 yrs. Always I feel that the working hours in consulting are far better than construction sector. I am not generalizing that all personnel in construction work these many hours/week. But mostly who work in subcontracting construction companies are exposed to a minimum of 70 hrs.
@@arulmurugan265do you have health problems ?
It's nothing compared to how many hours an IB analyst/associate needs to work 80-100hr/week are a common feature. Compared to that 60-70hr is very manageable. It's basically 12hrs a day and also you are not working the entire day, their are breaks involved
Hi Ma'am
I'm a MBA Graduate and currently working as NetSuite consultant.. What is your opinion about this job, does it provide me opportunity to grow?
Dude this question u should ask ur friends or people in ur company who have been there longer than u. Only they can give u the right answer as they have much experience in that firm
what are your views on sap management consultant.
Bhaiya hmara govt job hi shi hai😂😂
Hi Shatakshi,How are you? I have a very silly question, which college is good ISB Hyderabad or IIM AHMEDABAD.
Hi Shatakshi, Expecting a reply from your side. Thank you.
IIM Ahmedabad for sure
Thank You.
The EM and Partner Salary you quoted is including or excluding bonus?
If this is excluding bonus, then are we saying in 2-3 years a consultant becomes an EM, salary increases from 33l to 140l ? 4x in 3 yrs?
Hey shatakshi i am an engineering student from tier lets say 1.5 college its brand value is pretty good but it is not obviously iit or bits how can i enter into consulting or management also i am right now preparing for deffered mba
Does consultant have week leave?!
Amazing video, but voice is too low
Let me see what best can be done. Thanks for letting me know.
These jobs are not for everyone
those are rookie hours
Sure will get MBB partners to work for more hours
What about managing director?
Good info
@6:41 Shocking truth ...
Nice video
Tu Marathi ahea ka???
Nice video..Now I won’t do MBA..
Yes
Mam i need a carrier advice from you can u pls help
It's better than ca. 😉😂
Definitely everyone preparing for ca, medicine, journalism, science should prepare for 30 L rs. Job in BCG
Mam are you doing 2nd mba and if yes then which business school
Hi Ammu, not sure how you got this idea. No, Im an ISB MBA graduate with a Harvard exchange
too much work oof
Babe comes to the UK you'll be earning around 100k GBP per annum.
Peanuts when you adjust for cost of living
@@shyampsunder2003 also tax☠️
4:13
Fight off your demons🔥🔥
Beautiful
2:02/
ma'am you are cute