Having a job with a highly attractive salary is everyone’s dream and this might be one of reasons why you are doing it. Though becoming a management consultant is mostly seen as a satisfying career choice as well because of what you do and how much you learn. The large business organizations that ask for the help of management consultants have interesting challenges to solve – like creating and implementing strategies, outsourcing, implementing new technology …

Starter salaries in top management consultant firms

Still, money is a motivator for some consultants. (And even if it is not yours, it’s still good to have it, right?) Do you sometimes wonder if you would be better off somewhere else? Or do you want to know what your colleagues make at another firm?

We have put together a list of management consultant salaries for you. These salaries we researched for you are the ones that are typically paid to management consultants with an undergraduate degree in the first year in the United states. For some companies, we included the salaries in Canada, Germany or Australia.

Note: with an MBA degree from an institute with a great reputation you might earn a much higher salary.

The lack of money is the root of all evil. Mark Twain

Starter salaries management consulting 2015

A.T. Kearney

Base: $65,000 (Canada $70,000)

Signing bonus: $5,000 (Canada $ 5,000)

Profit sharing: $6,500

Performance bonus: $9,750 (Canada: up to 20% of base salary)

Total compensation: $96,250

 

Accenture

Base: $74,000 (Canada $68,000)

Signing bonus: $3,000 – $10,000 (Canada $10,000)

Total compensation: $93,400

Performance bonus: up to $7,400

Retirement and relocation: $1,500

 

Boston Consulting Group

Base: $72,000 (Canada: $75,000) (Germany:€65,000) (Australia: $64,000)

Signing bonus: $5,000 (Canada: $8,000) (Australia: $15,000)

Performance bonus: up to $16,200

Relocation: up to $8,000 (Germany: up to €10,000)

Total compensation: $97,600

Profit sharing: $4,400

 

Bain & Company

Base: $70,000 – $75,000

Signing bonus: $5,000 – $7,000

Performance bonus: up to $14,000

Total compensation: $104,000

Profit sharing: $6,500

 

Ernst & Young

Base: $70,000

Signing Bonus: $3000 – $5,000

Performance Bonus: up to $2,000

Relocation: $1,000

Total Compensation: up to $78,000

 

Deloitte

Base: $72,500 (Canada: $60,000) (Germany:€45,000)

Signing bonus: $10,000 (Canada: $5,000)

Relocation: $2,000 – $5,000

Total compensation: $98,375

Performance bonus: up to $10,875

 

KPMG

Base: $60,000

Signing Bonus: –

Performance Bonus: up to $8,000

Relocation: $2,000

Total Compensation: up to $70,000

 

IBM Global Business Services

Base: $75,000 (Canada: $60,000)

Signing Bonus: $7,000 (Canada: $5,000)

Performance Bonus: up to $9,000

Relocation: $3,000

Total Compensation: up to $94,000

 

McKinsey & Company

Base: $70,000 (Canada: 70,000) (Germany: €65,000)

Signing Bonus: $5,000 (Canada: $6,000)

Performance Bonus: $15,000-$18,000

Relocation: up to $3,000 (Germany: €3-€10,000)

Total Compensation: up to $96,000

 

L.E.K.

Base: $73,000

Signing Bonus: $7,500

Performance Bonus: Worldwide bonus up to $14,600

Relocation: $2,500

Total Compensation: Up to $97,600

 

Oliver Wyman

Base: $75,000 (Canada: $75,000)

Signing Bonus: $10,000 (Canada: $10,000)

Total Compensation: up to $100,000

Performance Bonus: up to $15,000

 

Mercer

Base: $60,000

Signing Bonus: $3,000

Total Compensation: $65,000

Relocation: $2,000

 

PwC

Base: $65,000 (Canada: $55,000)

Signing Bonus: $3000 – $5,000

Total Compensation: up to $79,750

Performance Bonus:  up to $9,750

 

Parthenon

Base: $90,000

Signing Bonus: $10,000

Total Compensation: up to $110,000

Performance Bonus:  up to $10,000

 

ZS Associates

Base: $60,000 (Canada: $75,000)

Signing Bonus: $5,500 (Canada: $5,000)

Performance Bonus: up to $6,000 (Canada: 1st year capped at 10% then removed)

Relocation: $4,000 (Canada: $2,500)

Total Compensation: up to $75,500

 

Strategy&

Base: $72,000

Signing Bonus: $5,000

Performance Bonus: up to $14,400

Relocation: $5-15,000

Total Compensation: up to $106,400

 

Booz Allan

Base: $72,000

Signing bonus: $5,000

Total compensation: $91,400

Performance bonus: up to $14,400

Relocation: $5,000 – $15,000

Retirement: $7,200

 

How much management consultants make