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Career Resources
Based on the most helpful WSO content regarding MBB compensation progression, here's a breakdown that aligns with the typical career path from undergraduate entry to post-MBA roles, specifically focusing on high-cost locations like NYC and SF. It's important to note that compensation can vary based on performance, specific office location, and market conditions, but this should give you a general idea.
Undergraduate Entry-Level (Analyst/Associate):
3 Years of Experience Pre-MBA (Senior Analyst/Associate):
Post-MBA Entry-Level (Consultant/Associate):
Keep in mind, these figures are estimates and can fluctuate. Additional compensation elements such as signing bonuses, relocation expenses, and benefits (health insurance, retirement contributions) also play a crucial role in the overall package but are not included in this breakdown. High-cost areas like NYC and SF often see the higher end of these ranges to compensate for the increased cost of living.
Sources: What is the career progression for those in (IB) BO/MO?, Pre-MBA VC salary, Q&A: MBB, BB S&T+IB, Top MBA, US/Global, Q&A: Three years of MBB leaving for PE in NYC, BB in NYC vs. BB in other cities
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