Grappling with whether to pursue an MBA or stay at your job? If you’re weighing a career in consulting, the answer is definitive: Get an MBA.
That’s what the data reflects in the 2019 edition of Management Consulted’s “Management Consulting Strategies for Undergraduates, MBAs/PhDs & Interns” (Released January 14th). How stark is the difference? According to Management Consulted’s latest data, the average starting base pay for a newly-minted undergraduate or master’s degree holder is $80,000. For an MBA or PhD, that number is nearly double: $150,000.
That’s just start. An MBA grad’s one-time signing bonus comes in at roughly $25,000, five times what an undergraduate degree nets. When performance bonus is added to the mix, the difference is equally staggering: $44,000 vs. $12,000 in favor of MBAs.
FRUITS OF RISING REVENUE GOING MORE TO MBAs
That was a macro look at industry pay from Management Consulted, a leading resource for consulting-related data and news that also offers intensive coaching in areas like interview and resume preparation. The salary data stems from hundreds of confirmed offer letters from candidates and clients alike, says Jenny Rae Le Roux, a former Bain consultant and Columbia Business School MBA who serves as the firm’s managing director. The data also includes information that arrives directly from consulting firms, though the specific response numbers and overall process are treated as proprietary information.
According to the report, the pay gap between MBAs and undergrads is also widening in consulting. In the analysis that accompanies the 2019 data, Management Consulted notes that the MBB (McKinsey, Bain, BCG) has boosted starting pay for MBAs and PhDs to $165,000 over the past year, thanks to competitive pressures like higher client expectations for “digital solutions, advanced analytics and analytics” and competitive threats from boutique shops and technological firms. Although the consulting industry has seen revenues rise from 5% to 16% over the past year, the pay for new hires from the undergraduate and master’s degree pool has stagnated.
To an extent, this trend stems from how differently consulting firms value the experience MBAs and undergrads brings to their firms, says Le Roux in an exclusive statement to Poets&Quants.
Management Consulted’s Jenny Rae Le Roux
“The intangible value prop of a consulting education is still more differential for someone with less work experience (undergrad/Masters) – it’s his or her first brand name, c-suite exposure, analytics training, and travel. Plus, it comes with the potential for MBA sponsorship. MBAs – many of whom have already had those things – are making more focused career choices. Many of the things they want then –lifestyle, specific cities, accelerated promotions, managerial experience, etc. – come as adequately in tech as in consulting. In short, the market for MBAs is more competitive and their values are different.
A SHORT-TERM PAY SPIKE
In fact, MBAs are so valuable that they earn roughly the same starting pay as PhDs. At the same time, consulting firms often lump Master’s degree holders with undergrads on pay scales. That is changing, as consulting firms are beginning to seek out candidates with greater experience or technical skills in areas like data science. The process, Le Roux admits, is slow.
“Some firms may have special practices that will treat them slightly differently, but in general no. They (MBA/Ph.D. and Undergrad/Master’s) come in at equivalent levels based on their years of work experience. This is not a change from 2018-2019, but standard consulting industry practice.”
While MBA pay jumped substantially in 2018, Le Roux believes the year was an outlier, with MBA pay growth cooling in coming years.
“We anticipate standard inflation increases for undergrads, and the same for MBAs,” she points out. “The MBA jump is a one-time jump to catch up to tech, and the largest we’ve seen in the 10 years we’ve been covering salaries. These kinds of annual pay increases would be a losing battle for firms unless their per-project fees or utilization rates really continue to leap (which we do not expect).”
BASE PAY ISN’T THE ONLY KEY FACTOR
Perhaps the greatest value from the Management Consulted data is derived at the more granular level. Notably, the annual survey breaks pay down by company. Instead of a lump sum, pay is parsed down to areas like base pay, performance bonus, and signing bonus – not to mention allowances, retirement, relocation, travel bonus, and tuition reimbursement when applicable.
For undergrads, the most recognizable names don’t always pay the most. AArete, an analytics oriented firm with six locations in the United States and United Kingdom, pays an $112,000 base to start. Compare that to big name rivals like the Boston Consulting Group ($90K), Accenture, Bain, and McKinsey ($85K), and PwC, KPMG, and A.T. Kearney ($75K). While AArete doesn’t offer a one-time signing bonus, it does provide a performance bonus of $16,000 – a number that tops McKinsey ($15K) and Bain (12K). The highest performance bonus? That belongs to PwC at $18,750. This gives PwC a huge advantage over Deloitte, which doesn’t offer a performance until after a consultant passes the three year mark.
Of course, base and bonus are only part of the equation. For many undergrads, the pay package is the best gauge of company fit. Looking for a company that’ll invest in your retirement? Bain will pour 4.5% of base and bonus into a 401K without requiring any contribution. Huron provides $5,000 in stock to new undergraduate hires – and will match 25% of any personal investment up to $20,000. A.T. Kearney offers profit sharing up to $7,000 – and re-location up to $10,000. While consulting demands long hours, Mercer pays out 1.5 times base pay when their consultants work over 40 hours. At West Monroe Partners, graduates pull down an additional $4,000 for every 30 nights on the road.
McKinseyites hamming it up after work.
HIGHEST PAY IS $170K FOR MBAs
Impressed? Just wait until you get a load of the MBA perks. Worried about tuition? Accenture and AlixPartners are happy to help out, with each covering $80,000. For those interns who return to Deloitte S&O, the company will cover their second year tuition. A.T. Kearney and Bain will each chip in $8K to a consultant’s 401K – and BCG will raise you to $10,260, Then again, ECG Management Consultants pays $14,950 into each retirement account. That pales in comparison to L.E.K., which makes a hard-to-beat $30,000 contribution into retirement and profit sharing per consultant.
That doesn’t count regular pay, where the highest bases are reported by Parthenon-EY hires at $170K to start. The next rung begins with a $165K base, which includes MBAs from McKinsey, Bain, BCG, and AlixPartners. The latter also earmarks the highest performance bonus at $60K, with OC&C ($50K) and Strategy& ($49.5K) also falling on the generous side. Then again, Accenture Strategy dangles a $30K performance bonus for all first year employees out an MBA program, with another $15K budgeted for “top performers.”
When it comes to signing bonuses, Accenture Strategy is equally competitive, with a $25K bonus plus an additional $17.5K for returning interns. L.E.K. offers a similar package: $25K for every MBA and another $25K for interns who come back. Alas, KPMG just makes it simple: up to $35K when you sign the dotted line.
AN ASTERIK COMES WITH SOME PAY NUMBERS
Of course, Management Consulted is careful to point out that these packages come with caveats. For one, performance bonuses are generally only conferred to the top 5%-10% of consultants. “Average performers often receive bonuses closer to half of the maximum amount, while poor performers typically only receive a small bonus if any,” the report notes. “Also, firms that pay overtime may choose not to offer a performance bonus.” Many packages, particularly from MBB, are also tendered with little room for negotiation.
The report adds that firms like L.E.K. pay bonus out in increments over years. Not surprisingly, pay is often tagged to nation, with American consultants often raking in better packages due to competition from finance and tech firms. Cost of living is another factor, where consultants in metros like New York City and San Francisco will be paid a little more to cover the costs.
While the competition is still fierce for consulting talent, Le Roux admits that firms are relying on a proven formula to land their choice candidates. “[It is] many of the same elements: firm-to-firm, they focus on culture, lifestyle, and work process differences. In consulting vs. non-consulting firms, consulting firms push analytics insights training, career acceleration, C-level impact, and the power of the lifetime network.”
The career and pay progression in consulting doesn’t hurt, either. According to the report, MBAs can expect a 10%-20% annual increase in base pay and performance bonus each year. What’s more, consultants enjoy big jumps in pay with each career step, which often come in 2-3 year increments (with Management Consulted citing the move from associate to consultant at BCG, which is accompanied by a doubling of base salary).
What does this mean in real numbers for MBAs? After notching a promotion to manager after 2-3 years, base pay rises to the $190K-$210K range, which is accompanied by an $80K-$120K bonus. After the 4-5 year mark, MBAs can make associate principal, a rank with $230K-$300K in base pay and bonuses pegged from $110K-$200K. As a junior partner – a step that’s an option after 6-8 years – pay balloons to $320K-$400K. This is also a time when bonus ($300K-$500K) can actually eclipse base. After a decade or more, a senior partner can pull down a cool million a year between base ($400K-$600K) and bonus ($500K).
Alas, few consultants make it to senior partner, Management Consulted observes, due to the up-or-out nature of the industry. Still, the report found that MBAs who left consulting still received a 12%-20% bump in pay. However, that doesn’t mean consulting doesn’t have drawbacks – aside from the long hours and travel, that is. Notably, financial services pays more, with tech firms becoming increasingly competitive in this space. While consulting remains on solid ground, MBAs can expect the tech industry to pose a greater allure when it comes to stability.
“Consulting still offers an incredible starting or re-starting point to any career – the value proposition has remained unchanged,” adds Le Roux. “However, lifestyle competition from tech firms (you’re home more with tech firms) – and no stock compensation from consulting firms – mean that more MBAs in particular are jumping into tech right away rather than consulting first and tech later.”
Want to know how much you’re worth? Check out the data below.
Page 3: Differences in undergrad and MBA pay between 2018 and 2019.
Page 4: A look at how undergrad and MBA pay has changed over the past four years.
Page 5: Internship Pay.
Page 6: Detailed pay data by firm for MBAs.
Page 7: Detailed pay data by firm for undergrads.
DON’T MISS: THE BEST CONSULTING FIRMS TO WORK FOR IN 2019
THE TOP FEEDER BUSINESS SCHOOLS TO THE CONSULTING INDUSTRY
Bain consultants meeting in a lobby
BCG’s new New York office at 10 Hudson Yards – overlooking the Hudson River. Photo by Anthony Collins
A.T. Kearney consultant meeting in the New York office
Undergraduate/Master’s Program Internships
Accenture Strategy: $32/hr + $2,000 signing bonus and overtime
A.T. Kearney: $12,000
Bain: $15,000 (10 weeks)
BCG: $15,000 (10 weeks)
Deloitte: $35/hour + overtime (10 weeks)
EY: $30/hour + overtime
Huron: $21/hour ($2,000 signing bonus)
IMS Consulting Group: $12,000
Insight Sourcing: $1,100/week
KPMG: $29/hour
L.E.K.: $12,000
McKinsey: $15,000 (10 weeks)
OC&C: $12,770 (8 weeks)
Oliver Wyman: $11,750 + $2500 signing bonus (9 weeks)
PwC: $39/hour (Hong Kong: HK$7000/month)
Strategy&: $38/hour
ZS Associates: $5,000/month
MBA/PhD Program Internships
AT Kearney: $12,000/month
Bain: $32,000 (10 weeks)
BCG: $32,000 (Canada: C$4000/week)
Deloitte: $30,000 + full 2nd year MBA tuition for returning interns
EY: $27,500 ($11,000/month for 10 weeks)
IBM: $25,000 + $4,500 relocation (10 weeks)
IMS: $11,500/month + $5,000 signing bonus
L.E.K.: $3125/week (9 weeks) + up to $25,000 tuition reimbursement for returning MBA interns
Kalypso: $25,000 ($10,000/month for 10 weeks)
KPMG: $66/hour ($99/hour for overtime, 10 weeks)
McKinsey: $32,000 (10 weeks)
Parthenon-EY: $27,000 + $5,000 signing bonus (for 10 weeks)
PwC: $12,000/month
Simon & Kucher: $12,000/month
Strategy&: $12,000/month
ZS Associates: $11,500/month + $5,000 signing bonus
Bain consultants kicking back after another productive day.
Salaries for Incoming MBA/PhD Full-Time Hires
- Base: $150,000 (Canada: C$135,000)
- Performance Bonus: up to $30,000
- Total Cash (sum of above): up to $180,000
- Retirement: 6% match for 401k
- Tuition Reimbursement: up to $80,000 ($50,000 after taxes)
- Signing Bonus: $35,000 (Canada: C$25,000)
- Relocation: up to $10,000
- Base: $165,000
- Performance Bonus: up to $60,000
- Total Cash (sum of above): up to $225,000
- Retirement: 6% match for 401k
- Tuition Reimbursement: up to $80,000 ($50,000 after taxes)
- Signing Bonus: $25,000 (Canada: C$25,000)
- Relocation: up to $10,000
- Base: $158,000 (Germany: €85,000)
- Performance Bonus: up to $44,100 (Germany: up to €16,000)
- Total Cash (sum of above): $191,100
- Retirement: 401k contribution up to $8,000
- Signing Bonus: $25,000 (plus $10,000 for summer interns)
- Relocation: up to $10,000 (Germany: up to €5,000)
- Base: $165,000 (UK: £85,000) (Thailand: ฿3,600,000)
- Performance Bonus: up to $41,250 (Thailand: up to ฿700,000)
- Total Cash (sum of above): up to $206,250
- Retirement: 401k contribution up to $8,000
- Signing Bonus: $25,000 (Thailand: ฿980,000)
- Relocation: up to $5,000 (Thailand: ฿230,000)
- Base: $165-170,000 (UK: £90,000)
- Performance Bonus: up to $45,000 (UK: up to £25,000)
- Total Cash (sum of above): up to $215,000
- Retirement: $10,260 into 401k
- Signing Bonus: $25,000
- Relocation: $2-8,000
- Base: $140,000 (Middle East)
- Performance Bonus: up to $35,000 (25% of base; Middle East)
- Allowances: 40% of base ($56,000) only paid to Dubai/Abu Dhabi/Doha | 30% for Riyadh
- Total Cash (sum of above): up to $231,000 (Dubai, Abu Dhabi, Doha). Up to $217,000 (Riyadh)
- Relocation: up to $25,000 (Middle East)
CCG Catalyst Consulting Group
- Base: $150,000
- Performance Bonus: up to $15,000
- Total Cash (sum of above): up to $165,000
- Retirement: 5% match for 401k
Cognizant Business Consulting
- Base: $115-125,000
- Performance Bonus: up to $10-15,000
- Total Cash (sum of above): up to $140,000
- Signing Bonus: $20,000 (Dubai: $30,000)
- Relocation: up to $6,000
- Base: $140-150,000 (Canada MBA: C$125,000)
- Performance Bonus: up to $45,000
- Total Cash (sum of above): $195,000
- Retirement: 25% match of first 6% into 401k (a total of 1.5%)
- Tuition Reimbursement: Full 2nd year tuition for returning interns
- Signing Bonus: $15-25,000 (additional $17,500 for returning interns, $20K early signing) (Canada: C$20,000)
- Relocation: up to $10,000
Ernst & Young
- Base: $150,000 (UK: £85,000) (Hungary: Ft560,000)
- Performance Bonus: up to $10,000 (UK: up to 20%) (Hungary: up to 8%)
- Total Cash (sum of above): up to $160,000
- Retirement: Match up to 6%
- Signing Bonus: $25,000 (UK: £15,000)
- Relocation: up to $5,000
- Base: $150,000
- Performance Bonus: up to $15,000
- Total Cash (sum of above): up to $165,000
- Signing Bonus: $25,000 (additional $15,000 for returning interns)
- Relocation: up to $6,500
- Base: $130,000
- Performance Bonus: up to $16,250
- Total Cash (sum of above): up to $146,250
- Signing Bonus: $25,000
- Relocation: up to $8,000
- Base: $122,500
- Performance Bonus: up to $25,000
- Total Cash (sum of above): $147,500
- Signing Bonus: $20,000
- Relocation: up to $3,000
- Base: $124,000
- Performance Bonus: up to $15,000
- Total Cash (sum of above): $139,000
- Signing Bonus: $15,000
- Relocation: up to $3,000
- Base: $150,000 (India: 2,100,000 INR)
- Performance Bonus: up to $25,000 (India: up to 400,000 INR)
- Total Cash (sum of above): up to $175,000
- Signing Bonus: up to $35,000
- Relocation: up to $5,000
- Base: $150,000
- Performance Bonus: up to $25,000
- Total Cash (sum of above): up to $175,000
- Retirement & Profit Sharing: up to $30,000
- Signing Bonus: $25,000 (additional $25,000 for returning interns)
- Relocation: up to $5,000
McKinsey & Company
- Base: $165,000 (UK: £90,000) (Germany: €105,000)
- Performance Bonus: up to $35,000
- Total Cash (sum of above): up to $200,000
- Retirement: 7.5% into 401k
- Signing Bonus: $30,000 (Germany: negotiable)
- Relocation: $2-9,000 (Germany: negotiable)
- Base: $110,000
- Performance Bonus: up to $22,000 (20% of base)
- Total Cash (sum of above): up to $132,000
- Signing Bonus: $20,000
- Relocation: up to $3,000
- Base: $146,000
- Performance Bonus: up to $50,000
- Total Cash (sum of above): up to $196,000
- Retirement: 401k – up to 3.5% match at start of 2nd year
- Signing Bonus: $25,000
- Base: $145,000
- Performance Bonus: up to $36,250
- Total Cash (sum of above): up to $181,250
- Retirement: 401k – up to 3.5% match at start of 2nd year
- Signing Bonus: $20,000
- Base: $170,000
- Performance Bonus: up to $9,000
- Total Cash (sum of above): up to $179,000
- Signing Bonus: $35,000
- Relocation: up to $2,000
- Base: $145,000
- Performance Bonus: up to $29,000
- Total Cash (sum of above): up to $174,000
- Signing Bonus: $30,000
- Relocation: up to $2,000
Roland Berger
- Base: £78,000 (UK)
- Performance Bonus: up to £23,400
- Total Cash (sum of above): up to £111,400
Samsung Global Strategy Group
- Base: $167,000 (based in Seoul)
- Performance Bonus: up to $33,400
- Total Cash (sum of above): up to $200,400
- Starting Bonus: $40,000
- Relocation: Included in starting bonus
- Base: $140,000
- Performance Bonus: up to $35,000
- Total Cash (sum of above): up to $175,000
- Starting Bonus: $20,000
- Relocation: up to $3,000
- Base: $150,000 (Ongoing internal discussions to raise this)
- Performance Bonus: up to $49,500
- Total Cash (sum of above): up to $199,500
- Retirement: 4% automatic (no match required); 25% match up to 6% in a separate account
- Signing Bonus: $30,000
- Relocation: up to $3,000
McKinsey consultants in the Sao Paulo office
Salaries for Incoming Undergraduate/Master’s Full-Time Hires
AArete
- Base: $112,000
- Performance Bonus: up to $16,000
- Total Cash (sum of above): up to $128,000
- Retirement: 3% match for 401k
- Base: $85,000 (Canada: C$75,000)
- Performance Bonus: up to $8,500 (10% of base)
- Total Cash (sum of above): up to $93,500
- Retirement: 6% match for 401k after 1st year
- Stock: 15% discount of Accenture stock
- Signing Bonus: $10,000 (Canada: C$10,000)
- Relocation: up to $5,000
- Base: $65-82,000
- Performance Bonus: up to $16,400 (uncapped bonus if in restructuring/turnaround group)
- Total Cash (sum of above): up to $98,400
- Signing Bonus: $5-10,000
- Base: $75,000 (Canada: C$70,000)
- Performance Bonus: up to $15,000 (20% of base in US and Canada)
- Total Cash (sum of above): up to $90,000
- Retirement: 6% match for 401k
- Profit Sharing: up to $7,500 (10% of base depending on firm performance)
- Signing Bonus: $5,000 (Canada: C$5,000)
- Relocation: up to $10,000 (Canada: up to C$10,000)
- Base: $66,000
- Signing Bonus: $4,000
- Base: $85,000 (UK: £45,500)
- Performance Bonus: up to $12,000
- Total Cash (sum of above): up to $97,000
- Retirement: 4.5% of base + bonus into 401k, no contribution required
- Signing Bonus: $5,000 (UK: £3,000)
- Relocation: $5,000
- Base: $90,000 (Canada: C$82,000) (Aus: A$67,000) (Germany: €68,500)
- Performance Bonus: up to $16,800
- Total Cash (sum of above): up to $106,800
- Retirement: Profit sharing deposited into 401k account
- Profit Sharing: up to $4,400
- Signing Bonus: $5,000 (Canada: C$8,000) (Aus: A$15,000)
- Relocation: $2-8,000 (Germany: €3-10,000)
- Base: $75-101,000 depending on experience (Dubai, Abu Dhabi, Doha, Beirut, Riyadh: $60-80,000)
- Performance Bonus: $6,060-11,250 (Dubai, Abu Dhabi, Doha, Beirut, Riyadh: $9-12,000)
- Allowances: 40% of base paid in Dubai/Abu Dhabi/Doha; 30% in Riyadh
- Total Cash (sum of above): up to $112,250
- Retirement: 6% match for 401k (Dubai, Abu Dhabi, Doha, Beirut, Riyadh: 1 month of latest salary per year of service)
- Relocation: up to $5,000 (Dubai, Abu Dhabi: up to $15,000)
Cognizant Technology Solutions
- Base: $65,000
- Performance Bonus: up to $3,000
- Total Cash (sum of above): up to $68,000
- Retirement: 50% 401k match for first 6% of salary (after 1st year)
- Signing Bonus: $5,000
- Retention Bonus: $5,000 (after 1st and 2nd years)
- Base: $82,500
- Performance Bonus: up to $8,250 (10% of base)
- Total Cash (sum of above): up to $90,750
- Retirement: 50% match for first 6% of individual contributions in 401k
- Signing Bonus: $12,500
- Relocation: 100% of moving expenses; 4 nights in hotel while house hunting; all broker fees
- Base: $80-94,000 (Canada: C$70,000) (UK: £39,500) (Germany: €50,500) (NZ: NZ$47,000)
- Performance Bonus: Only after 3rd year (15% of base) (Canada: up to 10%) (UK: up to 5%)
- Total Cash (sum of above): up to $80-94,000
- Retirement: 25% match for first 6% of individual contributions in 401k
- Signing Bonus: $12,500 (Canada: C$5,000) (NZ: NZ$2,000)
Ernst & Young
- Base: $75,000 (Canada: C$65-70,000)
- Performance Bonus: None (1.5x overtime pay instead)
- Total Cash (sum of above): $75,000 + overtime
- Retirement: 6% match of base into 401k
- Signing Bonus: $3-7,500
- Relocation: up to $2,000
- Base: $68,000
- Performance Bonus: up to $10,000
- Total Cash (sum of above): up to $78,000
- Signing Bonus: $7,000
- Relocation: up to $1,000
Huron
- Base: $67-72,000
- Performance Bonus: up to $7,200 (10% of base)
- Total Cash (sum of above): up to $79,200
- Retirement: 6% match of base into 401k
- Stock: $5,000 (25% match of personal investment up to $20,000)
- Signing Bonus: $5,000
- Travel Bonus: up to $3,750 (typically $3,000)
- Relocation: up to $2,000
- Base: $75,000 (Canada: C$68,000)
- Performance Bonus: up to $8,400 (12% of base)
- Total Cash (sum of above): up to $83,400
- Retirement: 5% match of base into 401k
- Signing Bonus: $7,000 (Canada: C$5,000)
- Relocation: up to $3,000
- Base: $68,000 (Canada: C$62,000) (UK: £32,000)
- Performance Bonus: up to $8,160
- Total Cash (sum of above): up to $76,160
- Signing Bonus: Rare
- Relocation: up to $2,000
- Base: $74,000
- Performance Bonus: up to $14,800 (20% of base)
- Total Cash (sum of above): up to $88,800
- Signing Bonus: $7,500
- Relocation: up to $2,500
- Base: $85,000 (AUD: A$86,000) (Canada: C$82,500) (Germany: €67,000) (UK: £43,000) (Taipei: $38,876)
- Performance Bonus: up to $15,000 (Australia: up to A$15,000) (Taipei: up to $5,000)
- Total Cash (sum of above): up to $100,000
- Retirement: $7,500 (Canada: C$10,000 to RRSP)
- Signing Bonus: $5,000 (Canada: C$5,000) (UK: £$3,000) (AUD: A$2,000)
- Relocation: $2-10,000 (Germany: €3-€5,000)
- Base: $68,000 (Canada: C$55,000)
- Performance Bonus: No bonus, instead 1.5x pay for hours over 40/week
- Total Cash (sum of above): $68,000 + overtime
- Signing Bonus: $3,000
- Relocation: up to $2,000
Navigant Consulting
- Base: $72,000
- Signing Bonus: $6,000
Novantas
- Base: $72,000 (Canada: $72,000 CAD)
- Performance Bonus: up to $14,400
- Total Cash (sum of above): up to $86,400
- Signing Bonus: $5,000
- Relocation: up to $5,000
- Base: $83,000 (UK: £45,000)
- Performance Bonus: up to $20,000
- Total cash (sum of above): up to $103,000
- Signing Bonus: $7,500 (UK: £7,000)
- Relocation: $5,000
- Retirement: 401K – up to 3.5% match at start of second year
- Base: $85,000 (Canada: $75,000) (UK: £43,000) (Amsterdam: €58,000) (Singapore: S$90,000)
- Performance Bonus: up to $16,000 (Amsterdam: up to €27,000)
- Total cash (sum of above): up to $101,000
- Signing Bonus: $10,000 (Canada: C$10,000) (UK: £7,000)
- Relocation: up to $2,000 (Singapore: $10,000)
- Base: $75,000 (Canada: C$65,000)
- Performance Bonus: up to $18,750
- Total Cash (sum of above): up to $93,750
- Signing Bonus: $5,000-7,500
- Relocation: up to $2,000
- Base: $75,000
- Performance Bonus: up to $15,000
- Total Cash (sum of above): up to $90,000
- Signing Bonus: $5,000
- Relocation: up to $3,000
West Monroe Partners
- Base: $77,000
- Performance Bonus: up to $3,850
- Total Cash (sum of above): up to $80,850
- Signing Bonus: $7,000
- Base: $70,000 (Canada: C$75,000)
- Performance Bonus: up to $7,000 (10% of base)
- Total Cash (sum of above): up to $77,000
- Retirement: 3% match for 401k
- Signing Bonus: $6,500 (Canada: C$5,000)
- Relocation: up to $4,000 (Canada: up to C$2,500)
The post What MBAs Earn At Top Consulting Firms in 2019 appeared first on Poets&Quants.
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