iSixSigma

MBB Salary

Viewing 24 posts - 1 through 24 (of 24 total)
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  • #29813

    Incumbent
    Participant

    I am being interviewed by a Fortune 500 company for MBB. What kind of a salary (package) can I expect. I am an MBA with 4+ years of work experience in sales, marketing and am close to Black Belt certification.
    Please help me and let me know details, details.

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    #77023

    Interviewer
    Participant

    Dear Incumbent,
    I work for a fortune 500 company. I’ve hired, interviewed tens of BBs and MBBs and I can give you an idea of salaries if you provide a little more information.
    Geography plays a key role. An MBB in New York City makes a little more than one in Alabama or India. What geography are you?
    Where do you get your sales/marketing experience? With one fortune 500 company or with your dad/mom’s printing shop? You get my point…not all experience is the same. Can you provide some additional information?
    If you’re currently working, I assume that you’re going for BB certification. Are you going for a MBB position with the same company that you are working on your BB? If so, most companies will not give you a big bump to change jobs — even if it is a promotion. For the big bumps, you have to switch companies.
    But let’s talk about your experience. I assume you’re completing your first or second BB project after completing training? Were you trained by a consulting company or your company? What is the industry of your company (financial services pays more than widget production, for instance).
    Interviewer

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    #77031

    Incumbent
    Participant

    Dear Interviewer:
    Thanks for your response. Was very useful! I did not disclose much because of obvious reasons and to all of your questions, let me say that I am ready to provide all the information you asked for, but let me know of an email id where I can respond. Then we can talk more freely.
    Hope you understand!

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    #77035

    Interviewer
    Participant

    Hi,
    I don’t post too often on this board, but I read often and am very pleased with how much people are willing to share. I learn everyday — even after having practiced six sigma since 1995.
    I consider it to be a dis-service to take conversations offline because no one else benefits when that happens. It’s sort of like “taking” but not “giving” back to the community. Maybe I’m old fashioned, but if you can provide some generic information or selected information, you can get the information you need and I think others will benefit also.
    I hope this can meet your confidentiality needs. I do think you can work around providing specifics and still get your desired information. For instance, if it’s in NYC say it’s a “metroplitan area withΒ  millions of people.” If it’s a loan company, say it’s a “financial services” or something similar.
    Looking forward to your reply.

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    #77040

    Incumbent
    Participant

    Dear Mr./Ms. Interviewer:
    I do respect your views. The only thing is I want to venture very little and beyond a certain level, I cannot be non-specific. My profile is rather unique and this place is accessed by far too many people for me to feel “safe”. I have a dilemma, am close to closing the deal and need help. Here goes:
    I am in Asia currently and work with a conglomerate and am being interviewed by a GE company. I worked with an Asian company (sales and marketing). Not a very well known corporation, but is a limited liability co. I am moving into financial sector and hold an MBA from a good Asian institute.
    Does this help?
    Let me know .

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    #77046

    pam alden
    Participant

    Hi,
    There is a lot of good and fresh salary information about top quality executives and quality executives, free, on salary.com, by state, and compared to th rest of US.
    Does anybody know of a similar source that is more specific with info by MBB vs. BB vs six sigma that can be used for salary benchmarking.
    It can be free or paid.Β  Thanks.
    Β 

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    #77054

    Interviewer
    Participant

    Dear Incumbent,Your additional information does help, although I am by no means an expert on Asian pay scales. I know generally how GE pays; decent in the industrial businesses and well in the Capital businesses (in general). If you’re moving into the financial sector, you can expect a little more pay than in the industrial sector. I’m still not very sure about your experience level, so I’ll have to classify you as a “novice, but with exceptional growth.” I do realize you are working on your BB certification, but that really means training and two projects or something to that effect.If you were working in the United States, I would put your pay between $70-110K per year. You have given me really no details of yourself, so if you’re exceptional it may be higher or on the higher end. There are companies that will pay more than this amount for non-seasoned MBBs, but GE tends to not be one of them.Again, I don’t know if you’re in Tokyo or some small satellite facility…geography plays a significant role.I hope my information helps. Good luck and let us know how it turns out.The Interviewer

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    #77059

    Incumbent
    Participant

    Dear Ms. Interviewer:
    You have been more than helpful. I have a ballpark number that helps me. I will surely let you know how it goes. I am arranging a visa as we speak. Does the same salary level apply to foreign nationals as well? And USD 70-110 K breaks up, typically, into? What are the salary components? Also, any websites or resources about the tax and stuff! What are the applicable US tax rates.
    (Well, that was like counting your chicks before they hatch!). You could say that I am exceptional and novice is not the best word to describe me. Once this thing is over, I’d tell you more and am sure you’d agree.
    In the meantime, thanks and I appreciate your help!
    Regards,
    The Incumbent

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    #77060

    Incumebent
    Participant

    Thanks, Pam. It was quite useful. I am not aware of any site which compares BB versus MBB versus Six Sigma.
    Thanks again.
    The Incumbent

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    #77061

    A.B
    Participant

    Incumbent :
    Sorry to bother with my question – It is a very sincere + honest one :
    Why should SS Recruiters ( or you ) think that you’re exceptional ?. Your answer might help other candidates to apply successfully ( finding a job with a great Co + outstanding salary )Β for similar positions.
    Thanks in advance for your feedback.
    Respectfully.
    A.B

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    #77062

    Incumbent
    Participant

    Dear AB:
    I meant exceptional in a lighter vein. Anyways, process knowledge, curiousity and adaptability are the traits I think Six Sigma recruiters look for. I think I have all of that. But Interviewer might corroborate what I write here, or say something that s/he thinks is correct.
    Hope this helps. And it’s not a bother at all.
    Have a nice day,
    Incumbent

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    #77063

    billybob
    Participant

    11 replies to the original question…and no answers.Β  Does mine make 12?Β Β Β 
    Later,
    Billybob

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    #77064

    Interviewer
    Participant

    Dear Incumbent,
    I tend to think that foreign nationals don’t have the same structure, just because there are too many other considerations (for example, is your housing being paid for, are you receiving a geography adder for salary, etc.).
    What do you mean by “salary components”?
    For tax related information, check out irs.gov. You should find all you need there.
    It’s my pleasure. Good luck with your job hunt. I believe you found the information you were looking for.
    The Interviewer
    PS Too bad Billybob can’t read…he might have found benefit from this post. Billybob- Didn’t you just get back from BB training?

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    #77066

    billybob
    Participant

    Yes i read the postings….he asked for salary package details,….you all gave him “yeah buts”.Β 
    And it was the first week of GB training; I’m still allowed to make mistakes.Β  No wonder I like possums so much, they get to the point!
    Latter
    Billybob

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    #77067

    billybob
    Participant

    Billybob has egg on his face!Β  I am sorry I missed a posting that did answer his question.Β 
    I am sorry if I added any confusion!Β  Mother taught me to fess up to my mistakes and i always do.Β  Like my old foreman at the GE told me when I was an apprentice…”Billy, if you learn from your mistakes you’ll be one smart SOB!”Β  And thats the truth!
    Sorry guys!
    Later,
    Billybob

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    #77068

    Incumbent
    Participant

    Billybob, egg or no egg!
    And about straight questions the rule in six sigma is; never give a straight answer! Just kidding, Ms. Interviewer!
    Regards,
    The Poor Incumbent
    PS Incidentally, foreign nationals make the same money. The US has something called the Department of Labor and it prohibits corporations from paying any less than it would pay the citizens. Thanks for the IRS site also.

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    #77072

    Annonymous
    Participant

    Dear Incumbent –
    You’re dreaming if you think most foriegn nationals in the US make the same money the US citizens did/do.Β  For H1B visas (the largest applicable class for us “technical professionals”) the employer has to show that they can’t hire US people for the job.Β  The easiest and fastest way to make sure they can’t find “qualified” US people toΒ take the job is to low-ball the salary they offer.Β  There isn’t a shortage of engineers and programmers in the US.Β  There’s a shortage of people withΒ  appropriate training, work experience and degrees who will work for $45,000 a year.Β  There is, however, no shortage of people from India, Pakistan, Ireland, Poland, etc. who will come here for 6 years, do the job barely adequately in most cases, and live better than they could at home. Even with paying fees to the agencyΒ / recruiter who arranges a place to live, van pools (you can’t afford to keep a car on that salary – even if you could get a drivers’ license), language classes, posts a bond for your return ticket, etc.Β  Right now almost all of my extended acquaintance who were making a tidy living as independent computer programmers are un- or seriously under-employed.Β  H1B visas have driven the market price for that kind of skill to “can’t support my kids” levels.
    For select people at a very high level, the deal is better.Β  MBB’s almost certainly it won’t matter unless there are tax implications in your home country. But the Labor Department isΒ NOT workingΒ primarily in the best interests of those who work for wages,Β and hasn’t almost since it was formed.Β  They are working for the best interests of the government and business, not the individual who’s working for a living. Β 

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    #77079

    CJS
    Participant

    ASQ has an annual salary survey. In the survey they provide salary information for Six Sigma certification levels. I believe this is available to members on their website.

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    #77080

    Sam M
    Member

    Dear Incumbent.Β  If my guess is right you are in India and you can expect Rupees 15-18 lakhs per year ($30-$36K)

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    #77085

    FGM
    Participant

    Dear incumbent:
    Please, do not feel ofended by my question, but there’s something I did not quite understand.
    How come you are applying for a MBB position if you are still working in your BB certification ??; What kind of Six Sigma experience is this Company looking for if they are willing to hire someone who is still in training??
    The only reason I ask this is because all of the job postings I’ve seen for MBB’S require the applicant to have about 5-10 years of practical experience and MBB certification to be eligible.
    Thanks for your reply, and wish you luck in your possible transfer to the US.
    FGM
    Β 

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    #77094

    Incumbent
    Participant

    Dear FGM, no offence taken. Like I said, I am almost through with my training and time is definitely no function of how good one is. Don’t you agree? And don’t go by want ads, they always want more than they can get!
    Does it make sense? In addition, I have proven work experience. That helped as well.

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    #77095

    Incumbent
    Participant

    Thanks. It was very useful; the AQS survey.

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    #77096

    Incumbent
    Participant

    Annonymous:
    All I can say is that you are poorly acquainted! No offence, butΒ really what you say applies for most (95%) foreigners. 5% get the best of both the worlds, and I believe I fall there. Since I am yet to land in the US, I would not be so bashful about it, but only time will tell and I promise to disclose that in these pages here.
    In any case, as a last thought, your response reeks of poor knowledge/understanding anyways, especially the part about, ” …do the job barely adequately in most cases”. Let me just say that you would do better to look at the 5% rather than the 95%; those ones (the 5%) are sharper, smarter and “do the job better in most cases”.
    I rest my case.

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    #77109

    FGM
    Participant

    Dear incumbent,
    Thanks for the reply. Like I said, the best of luck on your coming to the States, and keep in touch in these forum.
    Sincerely,
    FGM

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