BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Bain promotes top performers faster and rewards them better than at other firms.
In the top three consulting firms, you can expect to earn $80,000 as an entry level salary, and $149,500 as a project manager salary. In management consulting, your annual compensation will rise as you become more experienced.
The highest paying salary package reported for a Management Consultant at McKinsey sits at a yearly total compensation of $316,000. This includes base salary as well as any potential stock compensation and bonuses. The median yearly total compensation reported at McKinsey for the Management Consultant role is $227,000.
McKinsey has a very rigorous (and competitive!) recruiting process that usually results in the hiring of excellent consultants. In many cases, it will be your colleagues you learn the most from when you work for McKinsey.
range from an average of ₹391,684 to ₹3,059,911 a year. McKinsey & Company, Inc. employees with the job title Software Engineer make the most with an average annual salary of ₹1,069,108, while employees with the title Executive Assistant make the least with an average annual salary of ₹357,352.
How much does a Consultant make at McKinsey & Company in Australia? Average McKinsey & Company Consultant yearly pay in Australia is approximately $123,235, which is 54% above the national average.
How much does a Consultant make? The national average salary for a Consultant is $80,000 in Australia. Filter by location to see Consultant salaries in your area. Salary estimates are based on 7,591 salaries submitted anonymously to Glassdoor by Consultant employees.
Graduate salaries at the Big 4 can vary depending on the service line you work in and the job you're doing. In a broad sense, you could expect to be earning anywhere between $45,000 and $75,000, but this can even be different from city to city.
On average, a standard number of hours a consultant can expect to work in a week is between 70 and 75, including lunch and travel time. Weekends aren't included in a consultant's working week.
McKinsey is the largest “CEO factory”
All MBB companies are often dubbed “CEO factories”, but out of the three giants, McKinsey has a slight edge over this. They produce the most Fortune 500 CEOs.
McKinsey Partner & Director salary
McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with a $1,000,000 base and $300,000 performance bonus.
Average KPMG Senior Consultant yearly pay in Australia is approximately $93,247, which is 8% below the national average.
The average annual salary for Management Consultant jobs in Australia ranges from $100,000 to $120,000.
Consulting is also a lucrative career, with an average base salary of $79,000 per year. Depending on your niche, you can make $120,000 or more per year as a consultant.
Average Deloitte Consultant yearly pay in Australia is approximately $73,513, which is 8% below the national average.
The estimated base pay is A$65,000 per year.
The average Bain & Company salary ranges from approximately $91,297 per year for an Associate Consultant to $210,000 per year for a Senior Manager.
You have very little room to negotiate. Even if you have an offer from McKinsey, Bain, and BCG, you may not be able to leverage your other offers to negotiate for an increase in compensation at another top firm.
The passing rate for the McKinsey Problem Solving Game is estimated at roughly 20-30%. As more candidates are invited to take the test, the proportion of those who pass is lower than the PST.
Employees with the title Associate, which typically means you have been hired at the completion of an MBA or PhD program, earn a starting base salary of $154,000 per year. This is just an average, and the range runs from $76,000 a year all the way up to $220,000.