ninkorn wrote:
Depends on where you went for MBA. Each recruiting firm is competing for top students. They know students compare their offers. They won't try to cheat you or anything. So it will be very competitive.
Only exception will be - for top students...they will get bigger package in terms of benefits, signing bonus etc etc
True and not true...
Schools keep track of what companies have offered in the past and what everyone is being offered. You want a company who hired 5 people last year and they will tell you what each was paid, got for bonuses, and other incentives. So you really don't need to compare offers, its probably in poor taste if you have some insane offer for like 160k with 75k in sign-ons or something to compare with classmates.
Agold is right to a point about consulting and banks paying the same. Everyone who goes to work at a consulting company gets the same offer basically, even office to office they are the same so you could make the same in Cleveland as you would in NYC. The only real exception are former employees returning to the company, they are the ones who might get more but remember they also get their education paid for which is worth 100k these days. There are differences in pay between different companies. McKinsey, Bain, and BCG actually are not the highest paying since the know people go there for more than the big paycheck (though they do have really good benefits). Some of the smaller companies are willing to pay more to attract the best talent and would be a great option for those few people who want to make a career of consulting.
Same holds true for bankers and the like, have prior experience and you might get a different pay package but if you are switching careers you are getting the base offer and these days you really have no negotiating power.
Industry has more room for negotiations but some companies have pay bands and unless you are hired at a more senior position its up to you to negotiate to the high end of that band. So a company may offer 100 but it could be possible to go up to 120, just because thats the max they can offer doesnt mean you are worth that to them though. There are the oddballs with certain experience and backgrounds that some companies want and its these people who get hired into the higher level positions, these are often the people you see on the max side of the salary surveys.
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Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.