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vault.com salary reports : Consults or Banks ?

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shrouded1
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vault.com salary reports : Consults or Banks ? [#permalink] New post   16 Sep 2010, 03:45
Does anyone have access to vault ?

I remember reading on it a couple of years back a salary comparison between various professions, in particular consulting v/s banking (ib as well as sales and trading). It seems similar reports are very hard to access to now, needs a gold membership. If someone has access can you shed some light on this comparison, a few years out of school ? What is the difference like and does it converge ?

Thanks !
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   17 Sep 2010, 15:02
ya... we had access to that via our company but not anymore... maybe someone else can use their corporate connections!
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   18 Sep 2010, 07:08
Guys, the paid Vault reports are copyrighted so they can't be reproduced here. If you want to get a sense of salaries, take a look at schools' careers web pages which should have pretty good info on salary and bonuses for different industries. Generally, as you go higher in the organization, the disparity in pay between bankers and consultants is going to get much bigger.
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   18 Sep 2010, 07:35
Ahh ! Thats basically what I wanted to know. I have pretty good idea of pay scales in finance, just wasn't sure if the consultants can keep up with similar scales with seniority. At the MBA grad level, both seem to be paying similar base packages at least
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   18 Sep 2010, 07:58
They will nearly always pay close to each other on base. Consultants often get more. The difference is in the bonuses.
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   18 Sep 2010, 08:23
Do consultancies pay year end bonuses (on a lower scale) or none at all ?
A matching base pay is pretty good especially given the recent increase in pay scale across the board in banks.
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   18 Sep 2010, 09:33
glassdoor.com is a decent place to look up salary info but remember it is self reported so it may or may not be completely accurate.
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   18 Sep 2010, 10:02
riverripper wrote:
glassdoor.com is a decent place to look up salary info but remember it is self reported so it may or may not be completely accurate.


Quite a fun site to browse, but I think the "may or may not be completely accurate" thing hit me when I saw the average salary for MDs at JPM as 110k and the maximum as 200k :lol:
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Re: vault.com salary reports : Consults or Banks ? [#permalink] New post   20 Sep 2010, 18:24
shrouded1 wrote:
riverripper wrote:
glassdoor.com is a decent place to look up salary info but remember it is self reported so it may or may not be completely accurate.


Quite a fun site to browse, but I think the "may or may not be completely accurate" thing hit me when I saw the average salary for MDs at JPM as 110k and the maximum as 200k :lol:

Remember banks have bonuses that make up way more of their income. Plus people dont have to prove they work for a company or make a given salary.
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Re: vault.com salary reports : Consults or Banks ? [#permalink]
20 Sep 2010, 18:24
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