McKinsey vs. BCG vs. Bain: A Salary Comparison for Aspiring Consultants
New hires at top consulting firms earn competitive salaries, with management consultant salary varying slightly depending on the firm and location. Undergraduate and master’s degree hires typically start with six-figure base pay, while MBA and Ph.D. graduates often exceed $200,000 in total compensation. Performance bonuses, signing incentives, and relocation allowances add to the overall package, with variations based on market demand. As consultants progress, salary differences become more pronounced, especially at senior levels, where profit-sharing and equity participation can significantly influence total earnings.
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