The path to achieving your goals in consulting is clear: join one of the top tier strategy consulting firms, be firm in doing the Partner Track in Strategy Consulting and you’ll be set up for success. No matter if you progress all the way to Partner or decide to pursue a role in industry after reaching Manager level, you’ll leave with invaluable experience that will set you apart from the competition.
If you are motivated by the prospect of earning a lot of money, it is probably very attractive to go down the Partner track.
Partner Track | Melbourne Strategy Consulting
However, in my experience, many MBB consultants simply do not want to take this route. These high achievers realize that going from being a very smart adviser to an all singing, all dancing sales person with the pressure of huge sales expectations on their head is a very different kettle of fish.
For those who do manage to achieve partner status, the rewards are quite substantial. Although the exact formula for determining how much partners are paid is kept quite secret, the salary range is somewhere between $500k – $5m+.
As you continue to grow with the company, your current position and work will make your salary grow accordingly.
An associate partner’s salary is around $300,000 to $400,000.
With a junior partner’s salary around $400,000 to $500,000
and a senior partner’s salary anywhere from $500,000 to $650,000.
If you are interested in learning more about how Oaktree can help you secure your next strategy role, please reach out to us or check out our jobs here. We would love to tell you more about our services and how we can partner with you for success!