Top 15 highest-paying consulting jobs

• Software consultant.
• Business consultant.
• Consultant.
• Security consultant.
• Management consultant.
• Financial consultant.
• Systems consultant.
• Senior consultant.

Very High Confidence means the data is based on a large number of latest salaries. Consultant salary in India ranges between ₹ 4.3 Lakhs to ₹ 22.0 Lakhs with an average annual salary of ₹ 13.6 Lakhs. Salary estimates are based on 2.2L latest salaries received from Consultants.There are also higher-level salaries for top consultants in these firms. When you get to this level, you essentially become a shareholder/partner in the firm. Base salaries for high-level personnel range between $570,000-$1,000,000, with performance bonuses of up to$300,000 varying by firm.

Does consulting make a lot of money : Let's start with the overall average pay for consultants. As there's a lot of variance regarding pay around the globe, we'll focus on pay within the United States so there's consistency in the comparisons. The most recent data for 2024 shows that consultants make an average of $8,618 a month.

Which Big 4 pays consultants the most

Nonetheless, there does seem to be something to the notion that Deloitte and PWC pay their consultants the most. Managementconsulted, a website which tracks pay for consultants in the U.S. says PwC and Deloitte pay newly hired graduate consultants $93k and $101k respectively, while KPMG and EY pay $75k and $80k.

How much does a PhD at McKinsey make : around $191,000 per year

Overview of McKinsey PhD Salary in 2022

According to Glassdoor, the average McKinsey PhD Salary in the United States is around $191,000 per year, while salaries in Europe and Asia range from €80,000 to €150,000.

around $191,000 per year

The McKinsey PhD Salary varies depending on several factors, such as location, experience, and academic background. According to Glassdoor, the average McKinsey PhD Salary in the United States is around $191,000 per year, while salaries in Europe and Asia range from €80,000 to €150,000.

Yes, the fees are extraordinarily high, but so is the potential scale of the value to be realized. If you can capture $1 billion of value for your company by spending $20 million with a consulting firm, well, is that worth it Of course it is.

Is McKinsey better than Big 4

The most prestigious firms are McKinsey, Bain, and BCG. Next most prestigious are "Tier 2" firms such as Kearney, Accenture, and LEK. This tier also includes the strategy consulting arms of the Big 4 firms, including Deloitte Monitor, EY Parthenon, and PwC's Strategy&.McKinsey & Company scored higher in 2 areas: Compensation & Benefits and Career opportunities. Both tied in 2 areas: Overall rating and Senior management.In fact, moving from a PhD or Advanced Degree to consulting is a very well-respected career path in the world of top-tier management consulting. Bain, McKinsey, and BCG are looking for the best and the brightest. They want to build a talent pool of sharp problem-solving critical thinkers.

McKinsey's salary for entry-level consultants in the United States likely ranges from $100,000 to $140,000 per year, while the figure for MBA-level/experienced Associates can be over $200,000.

Is it hard to get a job at McKinsey : While a job at McKinsey sets you up for a fantastic career in management consulting, it's also notoriously one of the hardest companies to get an offer from. Read on for our top tips to help you land that coveted first consulting role.

Is consulting a dying industry : In summary, with $1T of market value globally and several decades of growth – the consulting industry is far from dead or dying. Instead, it is evolving.

Are consultants very smart

Consultants tend to be “nerdier” in that they are often extremely intellectual. Most consulants have an extremely good grasp of general – but also more specific – knowledge. When you're a consultant, it's not unusual to get into a discussion about unrelated scientific topics with a colleague.

Exit Opportunities

Of course, there's going to be just slightly more prestige attached to a McKinsey alum than someone coming from BCG or Bain.EY scored higher in 3 areas: Work-life balance, CEO approval and Positive Business Outlook. McKinsey & Company scored higher in 7 areas: Overall rating, Culture and values, Diversity and inclusion, Senior management, Compensation & Benefits, Career opportunities and Recommend to a friend.

Does McKinsey or BCG pay more : Bain and McKinsey pay $112K in base, followed closely by BCG at $110K. That's roughly 58% of MBB and PhD starting pay. Each MBB firm also furnishes a $5K signing bonus. Beyond that, you'll find major differences.