10 Consulting Companies Paying Highest Salaries For MBAs
Consulting Companies have been around for a long time now. With few of the top consulting firms listed high on the list of “100 Best Companies To Work For“, these firms have made a strong hold in the business sector. These consulting firms have also made to the top of the list of “Most Difficult Companies with which to interview” so getting recruited is a notoriously demanding process. Here we have a list of top ten consulting firms that pay highest salaries for the MBA graduates.
So if you are looking for a top firm to interview for or you are an MBA graduate then try out these firms from our list of top ten. Just keep one thing in mind that these figures are the highest salaries and typically only the top employees get it, so make sure you become one by getting some inspiration from this blog.
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1. Boston Consulting Group
The Boston Consulting Group is an American management consulting firm which was established in the year 1963. It is one of the ‘Big Three‘ strategy consulting firms with offices in 48 countries around the globe. It currently ranks on the third position on the Fortune’s list of “100 Best Companies to Work For”. With a revenue of $5 billion and 12,000 employees worldwide this firm certainly seems to be a prestigious one.
As prestigious and sensational as it may sound, the firm has a very demanding recruitment process. The candidates are tested based on multiple rounds of case and experience-based interviews. Now coming to the figures and the package that the firm pays.
Signing bonus: $30,000
Base: $147,000
Relocation: $2,000 to $8,000
Performance bonus: up to $44,100
2. A.T. Kearney
A.T. Kearney is an American global management consulting firm which was established in 1926 by Mr. Andrew Thomas. The company excels in the field of strategic and operational CEO-agenda issues facing businesses, government, and institutions around the globe. With 60 offices in more than 40 countries this firm has achieved great heights and never looked back since its establishment. The revenue of the company was a whopping $1.1 billion (est. 2014).
The company was ranked 4th on the list of most difficult company to interview with. The company’s industry specialties include aerospace, automotive, chemicals to name a few. A.T. Kearney also offers a great package, the figures are as follows.
Total compensation: up to $226,100
Signing bonus: $25,000
Base: $147,000
Relocation: up to $10,000
Performance bonus: up to $44,100
3. Accenture Strategy
Accenture PLC is a global professional services company and provides strategy, consulting, digital, technology and operations services. Founded in 1989 as Andersen Consulting this company has come a long way and now it is one of the Fortune 500 companies. The total revenue of 2016 is and estimated amount of US$ 32.9 billion. The company is serving clients in more than 200 cities in 120 countries and has an employee base of 394,000.
The interview level is average and not so difficult to crack and this company also recruits from the campus, so you can have a pretty good chance to join in early and reach the top positions. Here are the estimated figures of the package offered.
Total compensation: up to $224,900
Signing bonus: $25,000
Base: $147,500
Relocation: up to $8,000
Performance bonus: up to $44,400
4. McKinsey & Company
McKinsey & Company is a worldwide management consulting firm with a total of 110 offices around the globe. Founded in 1926, this 91-year-old company conducts qualitative and quantitative analysis in order to evaluate management decisions across the public and private sectors. The company has a revenue of $8.4 billion and a total of 11,000 employees across the globe. They also have a reputation of having a tough interview process and the best way for getting an interview is through the online application.
The company also recruits from campus but the list of campus is limited. The employees of the firm have a very positive review of the company and it is certainly one of the best places to work at. The maximum package offered is as follows.
Total compensation: up to $221,500
Signing bonus: $25,000
Base: $152,500
Relocation: $2,000 to $9,000
Performance bonus: up to $35,000
5. Deloitte
This UK-based private firm is one of the “Big Four” accounting firms and the largest professional services network in the world by revenue and number of professionals. The company has a revenue of US$36.8 billion and a total of 244,400 employees.
Deloitte has also been ranked number one by market share in the consulting by Gartner and ranked among 100 best companies to work for. The good news is that the recruitment process of Deloitte is of average difficulty and the maximum placements are through campus and online application. If you fit the criteria then getting placed at Deloitte won’t be that tough but to reach a top position will certainly be demanding.
Total compensation: up to $221,250
Signing bonus: $25,000
Base: $149,000
Relocation: up to $2,500 if local; $10,000 otherwise
Performance bonus: up to $37,250
6. Parthenon-EY
Parthenon-EY is a strategy consultancy, committed to bringing unconventional yet pragmatic thinking together. The company was founded in 1991 and has an employee base of 500 employees. Parthenon joined EY on 29 August 2014 and since then the growth of the company had been remarkable. This company recruits from the campus and getting interviewed through campus has a very high rate as compared to the online application.
The interview process is a little bit difficult to crack but the process is not tedious. The interviewers are great and make you feel at ease. So get ready to know the maximum package offered by the company. Following is the maximum package of a top employee at Parthenon-EY.
Total compensation: up to $216,000
Signing bonus: $35,000
Base: $170,000
Relocation: up to $2,000
Performance bonus: up to $9,000
7. Bain & Company
Bain & Company is an American global management consulting firm headquartered in Boston. The firm was founded in 1973 and since then the firm has achieved many laurels and it now has 54 offices in 34 countries and more than 5000 employees. The revenue of the company was $2.1 billion as of October 2014.Since it foundation the firm has been consistently voted as one of the best companies to work for. The career with Bain & Company is truly one of the best in the whole world.
To interview for this firm you should have a good knowledge about your field since the interview process is going to be a hard one. The company interviews through the campus recruitment process as well along with the online application. Following is the maximum package offered by Bain & Company.
Total compensation: up to $215,000
Signing bonus: $25,000
Base: $148,000
Relocation: up to $5,000
Performance bonus: up to $37,000
8. EY
EY is a multinational professional services firm headquartered in London. It is one of the largest firms in professional services and in addition it is one of the “Big Four” accounting firms. The firm was founded in 1989 and it now has a total of 700 offices around 150 companies in the world. The company also has a total of 231,000 employees around the globe. It has been ranked 49th of the 100 Best companies to work for in the year 2016.
The recruitment process of EY is comparatively easy and most of the interviews occur through campus recruitment. It also offers the online application portal for the interview process. The company also boasts of many benefits along with the job such as paid leaves and maternity leaves.
Total compensation: up to $206,700
Signing bonus: $25,000
Base: $145,000
Relocation: up to $5,000
Performance bonus: up to $31,700
9. KPMG
KPMG along with Deloitte, EY, and PwC is one of the “Big Four” firm. It is a Swiss cooperative and a professional service company. The company was founded in 1987 and now it boasts of a total of 188,982 employees worldwide. KPMG has three lines of services: audit, tax, and advisory. The company also made a revenue of US$25.42 billion in 2016.
You can apply for interviews through campus or through an online application. In addition, the interview process of the company is also fairly easy and the job also comes with many benefits. The company also provides benefits like sick leaves and paid leaves. The maximum package provided by the firm is as follows.
Total compensation: up to $205,000
Signing bonus: $35,000
Base: $140,000
Relocation: up to $5,000
Performance bonus: up to $25,000
10. Strategy&
Established in 1914, Strategy& is a global strategy consulting firm. The company is headquartered in New York City, US and also has 57 offices around the world. Since its establishment it boasts a total of 3000 employees and makes a revenue of $10 to $50 billion per year. Interview process of the firm is not so easy to crack and you have to be really good at your game to get through. On campus placement drives as well as off-campus online applications are available to get interviewed by the firm. The highest package paid by the company is as follows.
Total compensation: up to $204,900
Signing bonus: $25,000
Base: $152,000
Relocation: up to $3,000
Performance bonus: up to $24,900
