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Big 4: Entry-level position with a doctorate

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Big 4: Entry-level position with a doctorate

Hello,
am Dpl.Kfm. and soon with my Dr. finished. I'm interested in joining the Big4 in advisory because I specialize in corporate governance.

Now to my question:
1) At which hierarchy level could I join (senior consultant or manager?)?
2) What salary could I ask for or what would be possible with the Big4?

Thanks!

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Re: Big 4: Entry-level position with a doctorate

Why should you hire yourself as a manager if you have not yet gained any professional experience. Dr. won't do you that much.

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Re: Big 4: Entry-level position with a doctorate

manager never, senior more likely, although that is never guaranteed.

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Re: Big 4: Entry-level position with a doctorate

at EY you start as Assi 3. one step below senior

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Re: Big 4: Entry position with promotions

Example from the WP (BIG4):

A colleague with a doctorate started as an assistant in the second year.

Hence my assessment, senior possibly after negotiating skills, manager by no means.

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Re: Big 4: Entry-level position with a doctorate

except for the ego, the Dr. so not. a top MBA makes a lot more sense!

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Re: Big 4: Entry-level position with a doctorate

You will certainly start as a business analyst or consultant, as you have no professional experience. Theoretical knowledge is not so useful as, for example, as a manager responsible for supervising projects. And that just doesn't work without the necessary experience.

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Re: Big 4: Entry-level position with a doctorate

and what about the starting salary? it can't be that they only pay 42k for a promotion. or does it?

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Re: Big 4: Entry position with promotions

^^ Fresh from university, and direct manager. No wonder that university people first have to be brought back down to earth in their professional life.

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Re: Big 4: Entry position with promotions

coal get more. as assi 3 about 50T (at EY in the TAS)

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Re: Big 4: Entry position with promotions

Good Morning,

In fact, an acquaintance of mine got on as a manager immediately after completing his doctorate - because he was an absolute specialist in his field and the know-how was in great demand at the time ... but in my opinion the absolute exception that only confirms the rule - hardly any entry as a manager ..

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Re: Big 4: Entry position with promotions

TOP UBs pay well over 100k for fresh post-docs. I know that from a reliable source (e.g. ADL). That's why I see 50k for a Doc at a Big4 UN as ridiculous.

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Re: Big 4: Entry-level position with a doctorate

Yes, start at Big4 now and my partner said that all beginners deserve the same regardless of their degree. There are only differences in the premium payment, so the FH student may earn more p.a. than the Dr.

Sound strange, but it is like that. Why not, PERFORMANCE is rewarded, not graduation.

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Re: Big 4: Entry position with promotions

unfortunately with at least one big4 as an assistant 2nd year = 2k more gross per year than the assistant 1, who often only has a BSC or BA degree.

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Re: Big 4: Entry position with promotions

Start with a promotion at a BIG4 and get around € 55,000 p.a. including a bonus to get started.

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Dr. is not the same as Dr.

Hello,

What has been completely disregarded so far is that - especially when it comes to the question of salary - it always depends on how or where the Dr. have been done.
Anyone who did their doctorate directly after graduating and did so at a time when they were not yet in the job (i.e. only temporary jobs) will definitely get less than those who did their doctorate alongside the "hard" everyday work.

With Big 4, it is consistently preferred to see the Dr. first with you and then of course under the "known" circumstances. The only thing that counts is absolute willingness to perform. However, this is not shown by a doctorate "in the gentle cycle". Ergo there is less cash. It was the same with my sister who, after studying law in Cologne, received an offer from Prof. to do a doctorate in tax law. Since KPMG sponsors the chair, it wasn't an issue after all and there was also good money. However, I was also told that this would not normally be the case. After all, you have to meet those who do it alongside their job.

How did you get your Dr. made ? If it happened during the (later) job, you can surely get on "higher".

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Re: Big 4: Entry position with promotions

at that time there was an article (from 2006) there was one with dr 80,000 at mckinsey ...

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Re: Big 4: Entry-level position with a doctorate

This is nonsense. If by TOP-MBA you mean that it was earned at an Ivy League in the USA, for example, I agree with you, but the Germans who do this every year can be counted on your fingers. At best, German MBA programs are worth as much as the "old" diploma. I've already met people several times who had done their MBA and in the end it was at a university of applied sciences whose location I wouldn't even find on the map.
The doctorate is and remains simply the crown of creation in business administration. Quite simply because professors usually only choose people who are good. The FAZ recently published an article about the Wharton Business School, the world's No. 1 for business administration programs, ahead of Harvard, etc. They have students from over 70 countries. There are hardly any Germans there, said the head of the study, because the competition for the "German Dr." consists.

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Re: Big 4: Entry-level position with a doctorate

I would like to expand the thread and ask: How do you feel about someone who gained relevant practical experience during their studies and then continued to gain relevant practical experience at an applied research institute close to industry and finally switched to the Big4-UB with a doctorate?

Many of my colleagues migrate to consulting and join with> 80K p.a. But is there a difference between strategy consulting (BCG, Accenture etc.) and WP (Big4)?

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Re: Big 4: Entry-level position with a doctorate

The difference is simply that you do NOT enter the Big4 with> 80k.

If your colleagues in strategy consulting (BCG, Accenture etc.) start with> 80k, why don't you just do the same?

To the TE from 2008: meanwhile a partner? Or what has become of you? Would be exciting to know!

WiWi Gast wrote on October 7th, 2020:

I would like to expand the thread and ask: How do you feel about someone who gained relevant practical experience during their studies and then continued to gain relevant practical experience at an applied research institute close to industry and finally switched to the Big4-UB with a doctorate?

Many of my colleagues migrate to consulting and join with> 80K p.a. But is there a difference between strategy consulting (BCG, Accenture etc.) and WP (Big4)?

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Re: Big 4: Entry-level position with a doctorate

WiWi Gast wrote on October 7th, 2020:

I would like to expand the thread and ask: How do you feel about someone who gained relevant practical experience during their studies and then continued to gain relevant practical experience at an applied research institute close to industry and finally switched to the Big4-UB with a doctorate?

Many of my colleagues migrate to consulting and join with> 80K p.a. But is there a difference between strategy consulting (BCG, Accenture etc.) and WP (Big4)?

With a doctorate you save maybe 1-2 years and start as a senior. This is the same for all consultations. The only difference is that MBB and T2 pay significantly more at this level than Big4.

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Re: Big 4: Entry-level position with a doctorate

WiWi Gast wrote on October 7th, 2020:

I would like to expand the thread and ask: How do you feel about someone who gained relevant practical experience during their studies and then continued to gain relevant practical experience at an applied research institute close to industry and finally switched to the Big4-UB with a doctorate?

Many of my colleagues migrate to consulting and join with> 80K p.a. But is there a difference between strategy consulting (BCG, Accenture etc.) and WP (Big4)?

At the major strategy consultancies, doctoral graduates usually start at the second career level. That usually means around 100k and all-in up to 125k p.a. (I know firsthand about a T2 consultation). As a career starter at the Big 4, you should have around half the salary with 3/4 of the workload.

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Re: Big 4: Entry-level position with a doctorate

WiWi Gast wrote on October 7th, 2020:

I would like to expand the thread and ask: How do you feel about someone who gained relevant practical experience during their studies and then continued to gain relevant practical experience at an applied research institute close to industry and finally switched to the Big4-UB with a doctorate?

Many of my colleagues migrate to consulting and join with> 80K p.a. But is there a difference between strategy consulting (BCG, Accenture etc.) and WP (Big4)?

You won't get 80k p.a. directly at the Big4, but you can try it at subsidiaries (Strategy &, Partheon, Deloitte Consulting), the pay is better but you will have to work more for it (just as much as with other consultancies).

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23 posts

WiWi Gast wrote on January 14th, 2021: The ratio is extremely dependent on the SL. With us (Deal Advisory), we ...

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Seems to have been a troll, thanks anyway for your interesting contributions on the subject.

I may have the opportunity to join KPMG as an engineer after my doctorate. - Are there any indications on which ...

That's not a motivation to research ..

Has any experience with it? So reduce working hours to 50-60% and then do a doctorate? Maybe go to 75% too? What is a ...

Thanks to the overtime regulation, you get about 3 months of vacation per year ... of course, this time is ideal for a doctorate ...

Those who do their doctorate while working are probably not busy enough ... In the consultation, it is welcome, but absolutely necessary ...