Hello all. Just been to the AMBA website - average MBA graduate salarys appear to be approx 66k + 10-30% bonus - obviously this being just an average across age/previous experience/sector etc etc. Any thoughts on what a new MBA grad would earn in a top tier consultency firm (strategy vs IT integration)?

I believe it's 80-90k all in, plus a sign-on bonus (or reimbursement of course fees - it's more tax efficient) in the teens. Not bad?

anon u talking dollars or pounds?

sorry, GBP

It is good, but are you certain thats the average. It sounds like a very generous package, all in all, according to your figures a fresh MBA grad could be 100k straight after coming out. Surely that cant be the average. Wouldnt someone with say 3-4 yrs experience, then a two year MBA at LBS moving into consulting be on around 60-70? or not? im interested to know what the average is for those moving into IB or industry? Does industry generally pay higher after MBA level? regards

Industry definitely has higher pay packages than consulting. Probably even when comparing the top-tier strat houses to the IBs. For average consulting pay for people from average MBA programs with average prior consulting experience (or none), I would guess the pay package is more in the 50-60K range with 5-10% bonus.Maybe average pay at McK, Bain, BCG for top people from LBS et. al. is 80+ but even that seems a little high unless these are experienced individuals with 10+ years prior experience to getting their MBAs.

No, you're right - it won't be an average - but it is the typical package for a top-school MBA (LBS, INSEAD) going into a top-tier consultancy this year. IB would tend to pay more, but skewed towards the bonus element of the package. Sorry, can't comment on industry, other than to observe that if they want the good candidates, they will have to be competitive with those offers (after adjusting for work-life balance issues), and some firms certainly have been successful in luring MBA grads away from the consultancies - it's been a very buoyant market.

I'd have though an 'average' for someone early 30's (so approx 10 yrs exp) + recent MBA from average school should be looking to at least manager, possibly senior manager level, so basic 75-90 depending + 10-20% bonus. Assuming also its a topish strat consultency. For IT integration, maybe lower the basic by 10k.... Opinions?

As a recent graduate from Durham (I'm in my mid 20's) I would have said most offers were in the 45-55 range + descretionary bonus (probably around 10%) :o( - though I did only do my MBA 3 years after my first degree.....

Ours get 75k plus a pretty rapid promotion cycle and 10-20% bonus + all perks

And yours is?