Sometimes these title changes are official and sometimes they're unofficial but, regardless, they are helpful to understand where a person is in their trajectory. Look for this category of new hires to grow significantly in the next decade. It's also worth pointing out that the large implementation firms like Accenture and Deloitte tend to have much wider variance in salaries across roles, than say, a firm like Bain or LEK. You can follow him on @louie_justin. However, as the strategy firms increasingly begin to do implementation work as well, expect that variance to increase there too (e.g., McKinsey and BCG). One option is to move into project management, where you’ll be responsible for managing and overseeing the work of other engineers. Another option is to focus more on the research and development side of engineering. For example, salaries for a freshly minted MBA might be slightly different from McKinsey to Bain to BCG to Deloitte. The bulk of many firms is made up of post MBAs who are between one to three years out from their program. These programs are also an excellent way for you to expand your professional network, since they offer you a chance to meet and connect with people from throughout your organization. As you gain more and more expertise in your field, you can start to consider offering your services as a consulting engineer. graduated from the University of British Columbia in 2010 with a BA in History/English. The responsibilities below are broad strokes and will give you a basic sense for what type of activities you'd be primarily responsible for at each level. Engineering/design consultants are employed by engineering consulting firms, architectural design firms and large general contractors, or they may be self-employed. Other firms, like McKinsey, vary partner compensation based off their work but the relationship is not as simple a direct commission. Within the consulting field, most consultants have expertise in one or more specialty areas. Individual contributors, like analysts and associates, do the bulk of the actual analysis and own individual work streams! It’s a career path that’s well-suited for those interested in moving up the corporate ladder, since it provides for excellent networking opportunities and invaluable management experience. A massive history buff and trivia aficionado, Justin's interests include martial arts, enjoying the Vancouver outdoors, and accumulating massive amounts of useless information. Historically, the strategy firms have paid the highest salaries while the implementation firms have paid the lowest, on average. Lastly, managers will also spend some time directly interacting with the client(s), depending on factors such as the level 1) the principal's involvement 2) scope of case 3) whether the team is on location or not. Due to the extremely versatile nature of the job, consulting engineers can come from a variety of different backgrounds – from project managers to test engineers – and from every engineering … It offers unique opportunities, along with challenges you won't find in a normal corporate firm. And to help ease the pain, many of the firms, especially the big ones, provide generous outgoing services to help place you in your next role. These are ranges obviously, but unless you're an absolute rockstar or on the other end of the spectrum, it's highly likely you'll fall directly within one of these ranges. Managers in consulting engineers earn in the range of $100,000 - $150,000, while partners can range from $150,000 to $500,000 or more depending on their industry and client base. Once given an assignment, analysts and associates are expected to work independently with minimal oversight to get the job done. This infographic illustrates a typical career path for UK engineers, ... As well as painting a picture of what a career in engineering looks like, the research also revealed that engineering is now the third most appealing job for UK teenagers, behind product design and web development. The below is a rough approximation of what you can expect. Also, Accenture and Deloitte, tend to hire larger analyst cohorts than any of their strategy peers. This is a basic entry-level position where you’ll “learn the trade” under the supervision of a senior engineer. Another common configuration is noting the years within the level. As a senior engineer, there are a number of different career paths available. This is intended to be directionally accurate, rather than a perfect view into reality! Many companies offer rotational programs for newly-graduated engineers, specifically engineers-in-training who are working towards their P.Eng license. Toward the bottom, we've listed the activities that you will start taking on as you become more senior within that band. While the two routes above represent the bulk of new hires, they aren't the only way! Some firms like Deloitte have a model where partners receive some direct commission (with tiering and cutoffs) off the cases they've brought in. Variation in the type of performance and signing bonuses will also drive differences, particularly in the entry points. Associate Consultant who climbed the ranks to Vice President and Head of Bain Media Lab, shares her insights on the day in the life of a Bain Associate Consultant. Let's start with entry points. By meeting and getting to know as many people as possible within your company, you can build a solid network of connections that you can draw upon later, no matter which career path you choose. While salary variation tends to be a bigger issue in industry, consulting firms have done a very good job of standardizing the wages they pay to their talent especially around the common entry point levels (e.g., analyst, consultant). We'll look at entry points into a consulting career, what the job titles are, what the rough career progression timeline looks like and, of course, the salary bands and compensation that consultants often enjoy. The second truth is that once you've made it to partner, you won't be reading this guide! Again, in a world where labor cost is the key profitability driver (as discussed above), it makes sense to standardize this. For example, if you're a first year consultant some firms might internally refer to that as a C1 and a second year Consultant as a C2. Sample answers from ex-McKinsey, BCG and Bain consultants. You’ll always be free to pursue your P.Eng certification at a later time in your career. This is a career path that’s well-suited for those who enjoy the freedom of working for themselves and making their own hours, at the expense of a regular paycheck and company-paid benefits. As an undergrad studying Mechanical Engineering at Stevens Institute of Technology, Mark wanted to work in the automotive industry. What drives compensation variations? As research and design engineers, you’ll be responsible for developing and testing new products and technologies. This delta in hiring preferences stems from the firm profiles we discussed when reviewing the different types of consulting firms. Let's start with entry points. Engagement Manager and current GM at Opendoor, shares insights into the day in the life of an Engagement Manager. Check out this post to get your consulting career path questions answered. While the ranges are tightly clustered, historically BCG has paid around $10K per year more than peer firms such as Bain and McKinsey. Mark’s Career Path. Due to the extremely versatile nature of the job, consulting engineers can come from a variety of different backgrounds – from project managers to test engineers – and from every engineering discipline. After undergraduate: this is the second largest feeder into consulting firms, and it's larger for certain firms which tend to hire much more undergrad talent.