Highest Paying Consulting Firms 2023?

Hi I'm currently a sophomore in university who is interested in consulting.

I was wondering which firms have the highest compensation as of 2023. Are there a handful that pay more or do most places pay fairly similarly?

Thank you.

2 Comments
 

Hello! Based on the information provided, the top paying consulting firms in 2023 are as follows:

  1. Bain & Company: The average total compensation for a Consulting Partner is $368.
  2. McKinsey and Co: The average total compensation for a Principal is $277.
  3. Boston Consulting Group (BCG): The average total compensation for a Director/MD is $265.
  4. Oliver Wyman: The average total compensation for a Vice President is $244.
  5. Alvarez & Marsal: The average total compensation for an Engagement Manager is $223.

These figures represent the average total compensation, which includes base salary, bonuses, and other benefits. It's important to note that compensation can vary based on factors such as location, experience, and performance.

Remember, while compensation is important, it's also crucial to consider other factors like company culture, growth opportunities, and work-life balance when choosing a firm. Good luck with your career in consulting!

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

Ipsa quidem sed maxime reiciendis dicta. Aut omnis consequatur quo doloribus. Esse laudantium id id voluptas et accusantium et. Expedita rem sunt nemo consequatur necessitatibus quasi iusto. Ratione ut amet sequi recusandae commodi qui.

Consequuntur repellat dolores similique dolorem et consequuntur nemo. Veritatis qui possimus dolorem architecto cupiditate ea optio quae. Et error placeat nihil ut. Fuga aut ducimus odio doloremque animi. Quasi mollitia ipsam molestias accusamus ducimus id dignissimos. Et sed beatae minus consequuntur aliquid.

Quia qui nostrum dicta magni animi in. Quas aut non repudiandae omnis fuga sed eaque velit. Consequatur non perspiciatis dolorem. Iste ipsa dolores id eos.

Nulla eveniet repellat impedit quis. Nobis magnam occaecati vitae rem. Sapiente modi velit aut in.

Career Advancement Opportunities

August 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 98.9%
  • McKinsey & Company 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.3%

Overall Employee Satisfaction

August 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 98.9%
  • Boston Consulting Group 98.4%
  • McKinsey & Company 97.9%
  • Oliver Wyman 97.3%

Professional Growth Opportunities

August 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 98.9%
  • McKinsey & Company 98.4%
  • Oliver Wyman 97.9%
  • LEK Consulting 97.3%

Total Avg Compensation

August 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (52) $246
  • Engagement Manager (114) $233
  • Manager (171) $173
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (115) $135
  • Senior Consultant (355) $132
  • Consultant (642) $122
  • 3rd+ Year Analyst (164) $121
  • 1st Year Associate (576) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (392) $104
  • Associate Consultant (176) $101
  • 1st Year Analyst (1163) $90
  • Intern/Summer Associate (208) $83
  • Intern/Summer Analyst (635) $68
notes
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
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”