Thursday, August 09, 2007

Business Analyst = Management Consultant!

I have never been so nervous about an interview before. All of my confidence is gone. Our whole idea that an interview is really yours to lose is gone. I applied with a cocky cover letter (because I had multiple job offers at hand). Now, my desire for the position is making me humble again.

After some research, I found out that the occupation Business Analyst is equivalent to Management Consultant. I favored the Bank of America's Assistant Manager Associate job earlier because it gives me the management experience I need to apply for top 10 MBA schools in the future. However, it just hits me now that the Business Analyst position is everything about management!

I am a nervous wreck! I still have to wait for the assistant/secretary to get back to me to confirm my interview appointment. I fit the qualifications perfectly, except for the preferred but not required consulting experience. Hopefully, my current title as a research analyst will help me win the job.

According to a the Association of Management Consulting Firms, typical earnings in 2004—including bonuses and profit sharing—averaged $52,482 for research associates in member firms; $65,066 for entry-level consultants; $89,116 for management consultants; $123,305 for senior consultants; $191,664 for junior partners; and $317,339 for senior partners. Only the most experienced workers in highly successful management consulting firms earn these top salaries.


Meanwhile, Bank of America has treated me well. Hey, I got a raise and a higher compensation before I started! I guess, I can never lose. The Bank of America's position is still more than I ever expected when I graduated.