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
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