Are you considering a career in management consulting? If so, you may be wondering what kind of salary you can expect. My Consulting Offer has helped nearly 89.6% of the people we have worked with to get a job in management consulting. Our team of former recruiters from Bain, BCG and McKinsey keep in touch with professionals in the consulting industry and can provide insight into the salaries offered by the top three consulting firms. Management consultants are highly sought after for their ability to help companies adapt their overall strategy toward growth.
They also provide advice on how to mitigate risks and maximize productivity from staff. If you're interested in pursuing a master's degree in Business Administration or another degree, this is another great opportunity to consider when comparing management consulting salaries. Consultants with an MBA or JD generally make more money than those with a bachelor's degree. The following are some of the main MBA programs where consulting firms hire staff and the first-year salary figures associated with these MBA programs:
- Bain: $150,000
- BCG: $145,000
- McKinsey: $140,000
If you're thinking about becoming a management consultant or are planning the next step in your career, it is important to understand the position, career path, and salary trajectory of a management consultant. Don't be alarmed, though; top consulting firms provide an immense amount of support to ensure that all consultants have the tools they need to succeed. The best-performing individuals can spend another year as associates and then be promoted to consultant without having attended business school. Corporate executives trust and trust a particular consulting firm or even a particular consultant. Therefore, consultants not only pursue a well-defined problem solving strategy, but they also segment the consulting industry into several specific areas. If you're looking for an exciting career that offers competitive salaries and plenty of opportunities for growth, then management consulting may be the right choice for you.
With the right qualifications and experience, you can expect to earn a high salary and have access to some of the most prestigious companies in the world.