Managers spend the bulk of their time problem structuring, managing the analysts’ individual work streams and synthesizing them into a cohesive analysis. So suffice it to say, partner compensation will be quite healthy, likely over $450K in almost any firm, and it will be aligned with your ability to bring in new business - which makes sense! As a senior engineer, there are a number of different career paths available. Let's start with entry points. While the ranges are tightly clustered, historically BCG has paid around $10K per year more than peer firms such as Bain and McKinsey. In addition to managing the analysts, they're concurrently synthesizing the output of the work streams and sharing progress updates with the senior team leaders. It offers unique opportunities, along with challenges you won't find in a normal corporate firm. While the two routes above represent the bulk of new hires, they aren't the only way! Networking is sometimes seen as a formal activity where professionals meet with each other on a regular basis to exchange business leads and discuss new opportunities. For example, of the strategy firms, Bain tends to hire relatively more undergrads than McKinsey or BCG, despite it being a smaller firm. To be successful in R&D, an engineer must possess a creative mind, as well as a thorough understanding of the scientific principles behind engineering processes. Plenty of JDs and MDs join consulting firms after their programs too but the bulk is freshly minted MBAs. 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. 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. Effectively, this means that the partner's role is split between sales efforts (winning new business) and keeping the existing customers happy, which often translates into engaging with them a few times over the course of a case (e.g., an initial kick-off, check-in and final conclusion meeting). Engineering is an incredibly broad profession, as demonstrated by the fact that engineers are found in such diverse fields as agriculture, telecommunications, and robotics. Understanding the differences can be really difficult. Individual contributors, like analysts and associates, do the bulk of the actual analysis and own individual work streams! There are four general entry points into consulting: after graduating undergraduate, after graduating from a graduate program, transitioning from industry and joining as a senior industry hire. All this being said, a P.Eng designation is not a requirement for engineering work and there are many successful engineers who do not hold the license. If you join a consulting firm, what will your career path look like? Published: April 27, 2017 | Last updated: May 11, 2020, Consultant / Project Leader / Engagement Manager. A partner's primary role is to bring in new business for the firm and manage the relationship with the existing business. The second truth is that once you've made it to partner, you won't be reading this guide! Rotational programs are great if you’re not sure what path you want to take in your career as an engineer, since they let you try your hand at a wide variety of different jobs and tasks. Consulting engineers provide professional advice to their clients concerning scientific and engineering matters, and often work with both engineers and non-engineers to help design and implement solutions to technical problems. Unlike any of the prior roles discussed, individual contributors won't have to officially manage any other entity in the case team, which frees them up to focus 100% on their work stream. These are the activities that you'd expect to start doing as soon as you assume that role. 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.