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Are consulting salaries increasing?
First-year BCG employees at the Associate and Consultant level will see their base salary increase $10,000 in October 2021. In addition, longer-tenured consultants will see greater-than-$10K raises when they hit the next promotion cycle. Why did BCG raise salaries, and how will top competitors respond?
Do consultants get rich?
Across the entire consulting industry (including mega firms), the average consultant delivers $250,000 in revenue each year. That’s the average. I know consultants who feel overwhelmed with $75,000 worth of work on their plates.
What is the average salary for an MBA in consulting?
In mid-2019, due to increasing competition for MBA talent from other industries such as Finance and Technology, McKinsey, Bain, and BCG (the MBB firms) increased their base salaries to US$ 165,000 for MBA hires. This is an increase of over $ 12,500 as compared to the 2018 base salary in Consulting.
What is the average salary at top MBA colleges for Finance?
The average salary at the top 20 MBA colleges in finance is between $120,000 – $170,000. However, to get admission into top MBA colleges for finance, you require a competitive GMAT score.
What is the average salary for an MBA & PhD program?
In the middle of 2019, MBB increased MBA & PhD base salaries to $165,000, and other firms have now increased MBA & PhD salaries to follow suit. For example, top boutique L.E.K. matched MBB and offers a $165,000 base salary for its incoming MBA & PhD hires in the U.S.
What are the highest-paying jobs for MBAs?
For example, according to the U.S. News survey, MBAs specializing in consulting topped the list, having an average base salary of $152,470—$22,500 better than financial services, the second-highest industry. From there, technology management followed, with $124,289. Retail ($108,270) and real estate ($107,552) were other hot areas.