ajr wrote:Are you saying management consulting pay isn't as high as a JD? Because that is wrong, management consulting at even a good firm, after MBA, will lead to much higher average pay. You are right that starting salary is lower than the 160k that is biglaw, but bonuses are much higher and once you are in at the post-mba level your partnership chances are much higher and exit options are going to be much higher paying in the long run.
Not sure if you are talking associate pay or partner pay. Mck, Bain, BCG and the like pay ~120-130 base for junior associates. And these are people who were typically making at least 100k before they started on their MBAs. The bonuses in management consulting are not very high, I've heard may be 50% for the real star performers. Long run - yes, the potential is probably higher with a top MBA.
Finance is a different game though - there 100-200% bonuses are more common.
Yup, 130k plus 50% bonus is 195k, which is more than you will make as a first year at most biglaw firms considering very small bonuses on average. Take into account the fact that the chance at partner is MUCH higher and that exit options are likely to net you more money, not less like it is in biglaw. The difference in income over the average person who takes MCK, Bain, and BCG out of MBA and the average person who does biglaw is probably going to be high six figures over a lifetime.