Consulting Salaries
Just thought I'd toss this here for anyone thinking of consulting as a career:
Latest information from Management Consulted - UPDATED 2015
= = = = = 1st Year Out of MBA/Grad Program = = = = =
Accenture MBA Salary Signing Bonus: $35,000 (Canada: $15,000) Base: $135,000 (Canada: $140,000) Relocation: $8,000 Performance Bonus: up to $43,500 ($30K of which is MBA bonus and is only available in for your 1st year) - – – – – Total Compensation: up to $221,500 Retirement: 6% Employee Match Tuition Reimbursement: up to $80,000 ($50,000 after taxes) Vacation: 5 Weeks
A.T. Kearney MBA Salary Signing Bonus: $20,000 Base: $140,000 (Germany: €80,000) Relocation: $5,000 (Germany: €3-€5,000) Performance Bonus: up to $33,500 (Germany: up to €16,000) - – – – – Total Compensation: up to $198,500 (Germany: up to €101,000) Retirement: 401k contribution up to $8,000
Bain & Company MBA Salary Signing Bonus: $25,000 Base: $135,000 Performance Bonus: up to $35,000 - – – – – Total Compensation: up to $195,000 Retirement: 401k contribution up to $8,000
Boston Consulting Group (BCG) MBA Salary Signing Bonus: $25,000 Base: $147,000 Relocation: $2-5,000 depending on distance Performance Bonus: up to $42,000 - – – – – Total Compensation: up to $219,000 Retirement: up to $9,000/5% of bonus + salary is put into retirement fund, no contributions required Down the Road: Project leaders at BCG (~2-3 years out of B-school) were paid $165,000 base.
Deloitte MBA Salary Signing Bonus: $35,000 ($25,000 if returning after internship) (Canada MBA: $5,000) Base: $140,000 (Canada MBA: $95-100,000) Relocation: up to $2,000 Performance Bonus: up to $35,000 (25% of base) - – – – – Total Compensation: up to $212,000 Retirement: .25 match of first 6% contributed for a total of 1.5% Tuition Reimbursement: up to $50,000 + 2nd year tuition for returning interns
Ernst & Young MBA Salary Signing Bonus: $25,000 Base: $140,000 Relocation: $5,000 Performance Bonus: up to $30,000 - – – – – Total Compensation: up to $200,000
IMS Consulting Group MBA Salary Signing Bonus: $25,000 Base: $125,000 Performance Bonus: up to $15,000 - – – – – Total Compensation: up to $165,000
Infosys MBA Salary Signing Bonus: $20,000 Base: $117,000 Relocation: $3,000 non-discretionary relocation (reimbursement for movers/storage) Performance Bonus: up to $25,000 - – – – – Total Compensation: up to $165,000 Retirement: DNK
Kalypso MBA Salary Signing Bonus: $15,000 Base: $115,000 Performance Bonus: up to $15,000 - – – – – Total Compensation: up to $145,000
KPMG MBA Salary Signing Bonus: $15,000 Base: $130,000 Relocation: $2,000 Performance Bonus: up to $22,750 - – – – – Total Compensation: up to $169,750
L.E.K. MBA Salary Signing Bonus: $25,000 Base: $140,000 Relocation: $5,000 Performance Bonus: up to $25,000 - – – – – Total Compensation: up to $195,000 Retirement & Profit Sharing: up to $30,000
McKinsey & Company MBA Salary Signing Bonus: $25,000 Base: $140,000 Relocation: $2-9,000 depending on distance Performance Bonus: up to $35,000 - – – – – Total Compensation: up to $209,000 Retirement: up to $20,400/12% of bonus + salary is put into retirement fund, no contributions required
Overall BCG and McKinsey post-grad/MBA salaries are almost identical — although McKinsey has a lower base, they also have a higher retirement contribution.
Mercer MBA Salary Signing Bonus: $20,000 Base: $87,000 Performance Bonus: up to $17,000 (20% of base) - – – – – Total Compensation: up to $124,000 Retirement: DNK
The Parthenon Group MBA Salary Signing Bous: $35,000 Base: $170,000 Relocation: $2,000 Performance Bonus: up to $9,000 - – – – – Total Compensation: up to $216,000
PwC MBA Salary Signing Bonus: $25,000 (+$10,000 if you interned) Base: $140,000 Relocation: $2,000 Performance Bonus: up to $27,000 - – – – – Total Compensation: up to $194,000 Retirement: DNK
Strategy& MBA Salary Signing Bous: $25,000 Base: $135,000 Relocation: $3,000 Performance Bonus: up to $33,750 - – – – – Total Compensation: up to $196,500 Retirement: 10% of salary
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MBA Internships AT Kearney MBA: $11,000/month Bain MBA: $26,000 (10 weeks) BCG MBA: $27,000 Deloitte MBA: $28,450 + 2nd year MBA tuition reimbursement (up to $50,000) IMS MBA: $11,000/month + $5,000 signing bonus L.E.K. MBA: $2600/week + up to $4,000 performance bonus McKinsey MBA: $28-29,500 (10 weeks) Parthenon Group MBA: $27,000 + $5,000 signing bonus (for 10 weeks) PwC MBA: $60/hour Strategy& (formally Booz & Co.) MBA: $11,250/month ZS MBA: $11,000/month + $5,000 signing bonus
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Also, here's a link to a survey that looked at the industry more generally, and what people make after they leave consulting: https://charlesaris.com/wp-content/uploads/2014/0…
Consulting firms are the best and presently it reaches at the top most position in the market because it provides the best services in different fields. It is a firm of experts, professionals and more experienced consultants. They offer our best salary package on the basis of your qualification and knowledge. If you have more knowledge in any fields so you can get better salary from these.
Wow these salaries are pretty similar, at least for MBB Accenture Deloitte LEK. What's the pull for MBB then? Exit opps?
Prestige, perks, exit opps, project lineup, and the people. I'd also say quality of life (many internal resources to get work done), but I couldn't get a straight face since you're still working so much.
Many many people would take a pay cut to go from big4 to MBB.
Not as many as you would think. Last year at Kellogg of the 20 people who got a Deloitte offer, only 1 re-recruited. To do so, you're not giving up that much in the grand scheme of things (2nd year tuition reimbursement).
Project leader number for BCG of $165k looks a bit off. If a 1st year post MBA gets 147k base, that implies a compounded salary increase between year 1 and 2 and year 2 to 3 (promotion year) of around 12%. Am I missing something?
Also, does anyone have MBB numbers for post MBA in emerging markets (SEA and Africa)
Does it strike you as high or low?
147k is the new number, but 165 is the old number, that's why.
Old numbers (as of a few years ago) for BCG were 135k starting as a consultant, 165k as a project leader in a few years.
New numbers are 147k as a consultant, 182k as a project leader.
A thread was posted here when BCG announced the salary bumps about a year ago.
What are the hours like for consulting?
These look pretty accurate. I'm about to start my MBA in a week and this is what I've been hearing at my campus.
This was awesome Qiu-YiDio, thanks for posting. Does anyone have something similar for pre-MBA salaries? I'm looking to lateral from my current position in Equity Research (no MBA), and trying to gauge where the salary would fall.
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