Show Me the Money: Highest Paying Consulting Firms for New MBAs

As you know, consulting is a top industry of interest at business schools around the globe. Few career paths can match consulting when it comes to providing exposure to a wide variety of projects, geographical areas, company cultures…and then there’s the handsome compensation package to boot.

How handsome, you might ask? A recent article in BusinessInsider lists the highest paying consulting firms for newly minted MBA graduates using data supplied by Management Consulted, a company that helps candidates land consulting jobs.

To determine the top salaries earned by graduates in their first year out of b-school, Management Consulted pored over data from clients, spoke with industry insiders, and reviewed real offer letters from readers.

The Top Ten Highest Paying Consulting Firms

10. Strategy&
Total compensation: up to $204,900
Signing bonus:$25,000
Base: $152,000
Relocation:up to $3,000
Performance bonus: up to $24,900

9. KPMG
Total compensation: up to $205,000
Signing bonus: $35,000
Base: $140,000
Relocation: up to $5,000
Performance bonus: up to $25,000

8. EY
Total compensation: up to $206,700
Signing bonus: $25,000
Base: $145,000
Relocation: up to $5,000
Performance bonus: up to $31,700

7. Bain & Company
Total compensation: up to $215,000
Signing bonus:25,000
Base: $148,000
Relocation: up to $5,000
Performance bonus: up to $37,000

6. Parthenon-EY
Total compensation: up to $216,000
Signing bonus: $35,000
Base: $170,000
Relocation: up to $2,000
Performance bonus: up to $9,000

5. Deloitte
Total compensation: up to $221,250
Signing bonus:$25,000
Base: $149,000
Relocation: up to $2,500 if local; $10,000 otherwise
Performance bonus: up to $37,250

4. McKinsey & Company
Total compensation: up to $221,500
Signing bonus: $25,000
Base: $152,500
Relocation: $2,000 to $9,000
Performance bonus: up to $35,000

3. Accenture Strategy
Total compensation: up to $224,900
Signing bonus: $25,000
Base: $147,500
Relocation: up to $8,000
Performance bonus: up to $44,400

2. A.T. Kearney
Total compensation: up to $226,100
Signing bonus: $25,000
Base: $147,000
Relocation: up to $10,000
Performance bonus: up to $44,100

1. Boston Consulting Group
Total compensation: up to $229,100
Signing bonus: $30,000
Base: $147,000
Relocation: $2,000 to $8,000
Performance bonus: up to $44,100

According to Management Consulted, after working in the firm for over a year, one can typically expect a 12-20% increase in total cash (base + performance bonus). After working 2-3 years in a consulting firm, one either leaves the consulting firm or is promoted.

“Consulting salaries have been bullish for the past several years and the trend has continued into 2017,” Management Consulted concludes.

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