Comp for summer interns?
How much do MBB/T2 firms pay for summer interns? I know Strategy& pays 41/hr and I think Parthenon pays 31/hr. Why is there such a big discrepancy?
Nov 29, 2020
Trending Content - Management Consulting Forum
| +17 | Credit Card recs | 2 | 4d |
| +12 | Commute 45 Minutes or Pay Rent? | 2 | 40m |
| +9 | Is Russia-based Big4 experience a dealbreaker for US firms? | 2 | 2d |
Career Resources
Career Advancement Opportunities
June 2026 Consulting
-
Boston Consulting Group 99.5%
-
Bain & Company 98.9%
-
McKinsey and Co 98.4%
-
Oliver Wyman 97.9%
-
LEK Consulting 97.4%
Overall Employee Satisfaction
June 2026 Consulting
-
Cornerstone Research 99.5%
-
Bain & Company 98.9%
-
Boston Consulting Group 98.4%
-
McKinsey and Co 97.9%
-
Oliver Wyman 97.4%
Professional Growth Opportunities
June 2026 Consulting
-
Bain & Company 99.5%
-
Boston Consulting Group 98.9%
-
McKinsey and Co 98.4%
-
Oliver Wyman 97.9%
-
LEK Consulting 97.4%
Total Avg Compensation
June 2026 Consulting
-
Partner (4) $361
-
Principal (30) $294
-
Director/MD (58) $274
-
Vice President (53) $247
-
Engagement Manager (113) $232
-
Manager (170) $173
-
2nd Year Associate (185) $142
-
3rd+ Year Associate (116) $135
-
Senior Consultant (354) $132
-
Consultant (642) $122
-
1st Year Associate (577) $121
-
3rd+ Year Analyst (164) $121
-
NA (16) $114
-
Engineer (6) $114
-
2nd Year Analyst (390) $104
-
Associate Consultant (176) $101
-
1st Year Analyst (1163) $90
-
Intern/Summer Associate (208) $83
-
Intern/Summer Analyst (632) $68
16 IB Interviews Notes
“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”
Leaderboard
| 1 |  |
99.2 |
| 2 | |
99.0 |
| 3 | |
99.0 |
| 4 | |
99.0 |
| 5 |  |
98.9 |
| 6 | |
98.9 |
| 7 |  |
98.9 |
| 8 | |
98.9 |
| 9 | |
98.9 |
| 10 |  |
98.8 |
From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
MBB doesn't pay interns hourly. They're paid at the same rate as full time employees.
Bump
MBB intern pay is relatively the same as full-time base pay (~$90,000), pro-rated to start and end dates (~$1,700/week).
You can find pretty accurate info on ManagementConsulted's salary report.
no...MBB pay is worse if you do the math. Its roughly the same if you assume a 40 hour work week, but nobody at MBB works 40 hour weeks. Similarly at Strategy& ppl aren't working 40 hour weeks. And don't forget about overtime. Let's say interns are working ~60 hours per week.
S& Pay: $41/hr*60hr/week = $2460/week + overtime of 20 OT hours*$20.5/OT hour = $2460/week + $410 OT/week = $2870/week
MBB Pay: $~1,700/week / 60hrs/week = $~28.3/hr
This is coming from someone who took MBB over S& and was really shocked by the disparity in wages.
Wait fr? That difference is insane. Is this the same across T2 shops or is S& an outlier in terms of comp?
While this is true at 60 hours/week, that is a strong assumption. It is likely that because of the comp structure, S& has a strong incentive to have interns work less hours. As an MBB intern you would be average a bit less, likely 50-60 excluding travel, unless you're on a PE rotation. Just to gut check your math here, to say that S& is paying undergraduate interns $2,870/week is to say they're paying them $150,000 on an annualized basis, nearly 70% higher than what they're paying full-time undergraduate consultants.
Does anyone have any insights on T2?
I have heard similar things about Strategy & and EY-P.
Similar things as in pay is similar on a per hour basis?
I can confirm with above My MBB is paying interns a little over 1700/week
Oliver Wyman is paying interns 1600/week with a 2.5k signing bonus
This whole thread is making me feel underpaid at my mbb :(
Turns out the big brain move is to take the S& internship and MBB FT
Architecto cum mollitia inventore. Exercitationem facilis consequuntur autem praesentium sit reiciendis. Quod sed autem dolorem quidem aliquam. Distinctio minus quis accusantium animi repellendus consequatur nisi. Commodi optio sapiente sit quo.
Cumque qui natus explicabo et quos. Rerum voluptas et et harum nihil cupiditate. Velit itaque doloremque eos tempora.
Sint accusamus rem et quasi nostrum iusto. Inventore velit eum magni temporibus impedit.
Dignissimos dignissimos voluptate amet quia officia. Ipsa odio at pariatur consequuntur laboriosam ut. Eos iste est quo ea quia. Repudiandae ipsum et non voluptatem sequi enim dolores aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...