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How long should I be in consulting?
The typical length of time a consultant works at a top firm for is 2-4 years, and some statistics even show that 2.7 years is the average point at which a consultant leaves a top firm like McKinsey, BCG and Bain.
How much do consultants make at top firms?
At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. Project leaders/managers are typically paid $200,000-$250,000.
How long are management consulting projects?
In general, consulting involves working on team-oriented projects to resolve problems (management, financial, or other) for clients. Projects tend to last for three to four weeks, and because they’re typically conducted on-site, consultants are on the road for most of the week.
What is the difference between MBB and Tier 2 consulting?
Tier 2 Consulting Firms: This group consists of large, global consulting firms, providing services for big clients. The differences between them and MBB firms are the prestige and the price of projects – Tier 2 projects tend to be cheaper, around six-digit numbers.
How many types of consultants are there in the world?
There are six types of consultants : IT consultantOnce you are through the process of being a consultant, you would like to know about the top consultancy firms willing to hire you. So, if becoming a consultant at one of the top consulting firm is your dream, check out the list of top 25 consulting firms in the world.
What is the most prestigious consulting firm in the world?
PwC, Deloitte, EY and KPMG are followed by McKinsey & Company and The Boston Consulting Group McKinsey & Company and BCG (known as the most prestigious and highest-paying companies) completed in top six in this ranking.
What are the top 5 management consulting companies?
LIST OF TOP 25 COMPANIES 1 McKinsey Company. McKinsey & Company is a world-renowned management consultant firm. 2 The Boston Consulting Group, Inc. Boston Consulting Group, Inc, also known as BCG. 3 Bain & Company. 4 Deloitte. 5 PricewaterhouseCoopers. 6 Booz Allen Hamilton.