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18 of the highest-paying consulting firms for MBAs

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Glassdoor

At many consulting firms, the base pay for MBAs starts at $140,000 — more than $60,000 higher than the starting salaries that many candidates earn right out of college.

Even straight out of school, earning an MBA means a healthy salary bump for graduates, especially in lucrative industries like consulting.

And with increasing demand for management consultants, elite firms are doling out hefty compensation packages to stay competitive and attract top talent. In fact, at many places, the base pay for MBAs starts at $140,000 — more than $60,000 higher than the starting salaries that many candidates earn right out of college. On top of that, salaries for these positions are on the rise, up as much as 5% in the past year. 

Management Consulted, a company that helps candidates land consulting jobs, compiled the top salaries earned by graduates in their first year out of business school at 18 leading consulting firms. To determine these figures, it culled through data from clients, spoke with industry insiders, and pored over real offer letters from readers.

It’s important to note that these represent maximum salary packages, not average compensation. Typically, only the top employees receive the full amount, with most employees earning significantly less.

Read on to see the consulting firms in which MBAs are raking in the big bucks, ranked by total compensation:

18. Mercer

Total compensation: up to $137,000

Signing bonus: $20,000

Base: $95,000

Relocation: up to $3,000

Performance bonus: up to $19,000

17. Kalypso

Total compensation: up to $157,000

Signing bonus: $15,000

Base: $124,000

Relocation: up to $3,000

Performance bonus: up to $15,000

16. Cognizant Business Consulting

Total compensation: up to $163,000

Signing bonus: $20,000

Base: $120,000

Relocation: up to $8,000

Performance bonus: up to $15,000

15. Infosys

Total compensation: up to $170,500

Signing bonus: $20,000

Base: $122,500

Relocation: up to $3,000

Performance bonus: up to $25,000

14. IBM Global Business Services

Total compensation: up to $172,500

Signing bonus: $25,000

Base: $130,000

Relocation: up to $4,500

Performance bonus: up to $13,000

13. IMS Consulting Group

Total compensation: up to $177,000

Signing bonus: $25,000

Base: $128,000

Relocation: up to $8,000

Performance bonus: up to $16,000

12. PwC

Total compensation: up to $194,000

Signing bonus: $25,000

Base: $135,000 to $140,000

Relocation: up to $2,000

Performance bonus: up to $27,000

11. L.E.K.

Total compensation: up to $197,500

Signing bonus: $25,000

Base: $142,500

Relocation: up to $5,000

Performance bonus: up to $25,000

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