Home About Contact FAQ Articles Lingo Consulting Bible Resume Bible Networking Bible Interview Resume/CV Plans

& Pricing Free Updates Management Consulted Consulting resumes, interviews, jobs, and case studies

2012 Management Consulting Salaries Undergraduate, MBA, Interns, and More

We know this an important topic to you we get tons of comments and emails from our readers wanting to know our updated numbers for consulting salaries. Here, weve compiled data on management consultant salaries from sources with offers starting in 2012 from the following firms: -Accenture (undergraduate and post-MBA) -A.T. Kearney (undergraduate U.S. and Canada) -Bain (undergraduate and post-MBA) -BCG (undergraduate and post-MBA) -Booz & Co (undergraduate) -Deloitte (undergraduate and post-MBA) -Ernst & Young (post-MBA) -Infosys (post-MBA) -L.E.K. (post-MBA) -McKinsey (undergraduate and post-MBA) -PwC (undergraduate) -Mercer (undergraduate and post-MBA; includes all areas human capital, actuary) -Oliver Wyman (financial consulting and Dubai undergraduate) Keep in mind, these are estimates for full-time jobs that start in the Fall of 2012. If these dont jive with your personal experience, we want to hear from you - add your comments at the bottom of the page. We also included data on 2012 summer internships for those of you still a year out from full-time hire. The consulting firms we have data on for summer internships are:

-McKinsey -Bain -BCG -Deloitte -A.T.Kearney -IMS -PwC -ZS Associates Where its not otherwise stated, the salaries are for U.S. offices and are in USD. Again want to weigh in on how things are in different parts of the world? All our data is posted anonymously, so feel free to post a comment below or share by email. = = = = = First year out of undergraduate = = = = = For Deloitte Signing Bonus: $10,000 Base: $70,000 Performance Bonus: DNK --Total compensation: $80,000 + Retirement & relocation: monthly retirement fund portion match, year-end 10% retirement fund contribution For Accenture (MCDP) Signing Bonus: $2-5,000 Base: $58-70,000 Performance Bonus: up to $5,000 --Total compensation: $65,000 + Retirement & relocation: Relocation $1,500 and up based on distance For A.T. Kearney(Canada figures in parentheses) Signing Bonus: $5,000 (Canada: $5,000) Base: $65,000 (Canada: $70,000) Performance Bonus: $9,750 (up to 15% of base salary) (Canada: $14,o00 up to 20% of base salary) Profit Sharing: up to $6,500 (up to 10% of base depending on firm performance) --Total compensation: up to $86,250 Retirement & relocation: Firm matches 25% of your 401(k) contributions up to 6% of your pay. Relocation assistance depends on the distance between your office and your school residence: 51-800 miles = $5,000, and 801+ miles = $10,000. (Canada: Relocation $3,000-$10,000) For Bain Signing Bonus: $5-7,000 Base: $70-75,000 Performance Bonus: up to $15,000 (20% of base salary) for your first year

--Total compensation: $90,000 + Retirement & Relocation: 401(k) contribution of 4.5% of base + bonus, no contribution required. Relocation based on distance (e.g., $4,000 given for distance of 1,100 miles). For Booz & Co in New York Signing Bonus: $5,000 Base: $72,000 Performance Bonus: up to $14,400/20% of base --Total compensation: up to $91,400 Retirement: $7,200/10% of base + up to $820/5.7% of bonus Relocation: $5-15,000 For Boston Consulting Group Signing Bonus: $5,000 Base: $72,000 Performance Bonus: up to $16,200 (22.5% of base salary) Profit Sharing: up to $4,400 (expected to be 5% of sum of base salary and performance bonus) --Total compensation: up to $97,600 Retirement & Relocation: BCG contributes 15% of your base + bonus into your 401(k) retirement, and now requires employee contribution. Relocation based on distance (e.g., $2,000 given for distance of 120 miles). For Mercer Signing Bonus: DNK Base: $60,000 based on 40 hour work week Performance Bonus: no bonus, instead paid time and a half for all hours over 40 @ approximately $45/hour --Total compensation: Variable Retirement & relocation: DNK For McKinsey Signing Bonus: $5,000 Base: $70,000 Housing: $5,000 Performance Bonus: none for BAs --Total compensation: $80,000 Retirement & relocation: 12% of total annual compensation, $3,000 relocation. For PwC Signing Bonus: $3-5,000 Base: $65,000 Performance Bonus: 10-15% first year, increases each year ---

Total compensation: $74,500 + Relocation: included in signing bonus For Oliver Wyman Financial Consulting (Dubai figures in parentheses) Signing Bonus: $10,000 (Dubai: $2,000) Base: $75,000 (Dubai: $60,000) Performance Bonus: up to $15,000 (20% of base salary) for your first year, and 40% of base salary for your second year (guaranteed) (Dubai: 10% of base) --Total compensation: $100,000 Retirement & relocation: DNK (Dubai Housing Allowance: $15,000) Weve added figures for consulting salaries abroad as well: Canada (in CAD): For Oliver Wyman: $70,000 base + $10,000 signing bonus For McKinsey: $70,000 base + $6,000 signing bonus + $10,000 to RRSP For BCG: $72,500 base + $5,000 signing bonus For Monitor: $67,000 base For Accenture: $68,000 base + $10,000 signing bonus For Accenture SI: $54,000 base + $3-5,000 signing bonus For Deloitte: $60,000 + $3,000 signing bonus For Deloitte TechStrat: $55,000 + $2,000 signing bonus For ZS Associates: $75,000 + $5,000 signing bonus, performance bonus capped at 10% first year (then cap removed) + retirement matched 100% EMEA (in euro): For BCG in Amsterdam: 45,000 base, up to 15% bonus, 3,000 moving allowance For Bain in Amsterdam: 42,000 base, up to 25% bonus, 4,000 moving allowance For Booz in Amsterdam: 48,000 base, up to 15% bonus, For M/B/B in Spain: 30-35,000 For Deloitte and PwC in Spain: 20-25,000 For McKinsey Research Analyst in Poland: 22,000 base For McKinsey Consultant in Poland: 50,000 base For Deloitte Consultant in Poland: 43-45,000 base For Deloitte/PwC Manager in Poland: 67,000 base (Average country salary in Poland: readers say it ranges from 10-17,000) Global: For Deloitte in New Zealand: NZD$44,000 base + NZD$2,000 signing bonus For BCG in Australia: AUD$64,900 base + AUD$15,000 signing bonus = = = = = First year out of MBA/grad programs = = = = =

For Bain Signing Bonus: $20,000 Base: $135,000 Performance Bonus: up to $35,000 for your first year --Total compensation: $184,000 Retirement: 401(k) contribution up to $8,000 For BCG Signing Bonus: $20,000 Base: $135,000 Performance Bonus: up to $40,000 for your first year Relocation: $2-5,000 depending on distance --Total compensation: at least $197,000 Retirement: up to $9,000/5% of bonus + salary is put into retirement fund, no contributions required Down the road: Project leaders at BCG (approximately 2-3 years out of B-school) were paid $185,000 base. For L.E.K. Signing Bonus: $25,000 Base: $135,000 Performance Bonus: up to $25,000 for your first year Relocation: $5,000 --Total compensation: at least $190,000 Retirement & profit sharing: up to $30,000 For McKinsey Signing Bonus: $20,000 Base: $135,000 Performance Bonus: up to $35,000 for your first year Relocation: $2-9,000 depending on distance --Total compensation: at least $192,000 Retirement: up to $20,400/12% of bonus + salary is put into retirement fund, no contributions required BCG and McKinsey post-grad/MBA salaries are almost identical although McKinsey has a $10K lower base, they also have a $10K higher retirement contribution. For Deloitte Signing Bonus: $35,000 Base: $130,000 Performance Bonus: DNK Relocation: $0-10,000 depending on distance (e.g. new hire who moved 200 miles was given $5,000) --Total compensation: at least $165,000

Retirement: monthly retirement fund portion match, year-end 10% retirement fund contribution For Accenture Signing Bonus: $33,000 Base: $132,000 Performance Bonus: DNK Relocation: DNK --Total compensation: at least $165,000 Retirement: DNK For Mercer Signing Bonus: DNK Base: $85,000 Performance Bonus: up to $17,000/20% of base --Total compensation: at least $102,000 (does not include signing bonus) Retirement & relocation: DNK For Infosys Signing Bonus: $20,000 Base: $117,000 Performance Bonus: DNK --Total compensation: $140,000 + Retirement & relocation: $3,000 non-discretionary relocation ( reimbursement for movers/storage) For Ernst & Young Signing Bonus: $20,000 Base: $120,000 Performance Bonus: DNK --Total compensation: at least $140,000 Retirement & relocation: DNK No word yet on whether or not Deloitte still covers your second year of B-school tuition just for signing after a summer internshipany updates? One reader confirmed: Yes, Deloitte still pays for the 2nd year of b-school if you are a Summer Associate there and sign on full-time. = = = = = Summer Internships = = = = = Unless otherwise noted, these are salary figures for the duration of the internship: A.T.Kearney: $11,000 Accenture MBA: $11,000 + $4,000 relocation NY and Chicago

BCG: $11,000 Bain: $11,500 Deloitte (S&O/Tech/HC): $10,800 + bonus IMS: $11,000 + bonus L.E.K.: $11,000 PwC: $27.50/hour + overtime (and 1 week trip to Disney World) McKinsey: $10,500 ZS Associates: $11,000 Some perspective Compared to 2011 consulting salary levels, most of the compensation data is pretty flatwhich reflects the fact that hiring numbers were depressed for a few years and competition for top talent from other industries (including Banking) have been weak. Wed expect to see some pickup in 2013 however many firms have higher targets going into fall recruiting. As always, we would love to share compensation data if you have it for other firms, regions and seniority levels. We will directly update this post as the data comes in, and its all posted anonymously. Thanks in advance! Any questions about compensation? Curious about how it stacks up to other industries? Any surprises? Leave your feedback below We offer resume editing and interview prep. Through one-on-one sessions, well help you stand out from 1000s of other applicants and land consulting jobs now!
Like 35 people like this. Be the first of your friends.

Related posts: 2011 Management Consulting Salaries Undergraduate, MBA, and More The truth behind management consulting salaries: from analyst thru partner Reader FAQ: 2012 off-cycle openings, part-time MBA, and turning contacts into internships

48 comments
Leave a message...

1 Star

Discussion

Com m unity

Gu e s t

3 months ago

ATK Canada Base:70,000 Signing: 5,000

Signing: 5,000 Performance: Up to 20% (14,000) Relocation: 3,000-10,000

1

Reply

Share

Gu e s t

2 months ago parent

Hi, Is this senior business analyst or entry BA?

0

Reply

Share

Bo b o b o b

3 months ago

Do MBB firms offer differing pay across different MBA schools even if they are headed to start in the same office and region?
1

Reply

Share

Gu e s t 0

2 months ago parent Reply Share

MBB firms offer the same pay regardless of your school.

No nam e

3 months ago

Canada Zs associates full time BA position Base 75000 Signing bonus 5000 First year performance 10% match retirement saving by 100%
1

Reply

Share

Gu e s t

4 days ago parent

US ZS Associates full time Out of undergrad (Associate) Base 60k Signing 5.5K First Year Bonus (avg.) 6K Retirement Match - up to 3% Relocation: 4K
0

Reply

Share

No nam e

3 months ago parent

No nam e

3 months ago parent

Relocation fee 2500 Bonus cap of 10% removed after one year
0

Reply

Share

C e ri s e

3 months ago

PwC full time post-undergrad: Base: 65k Signing: 3-5k (depending on relocation, I believe) Bonus: 10-15% first year, increases each year
1

Reply

Share

Gu e s t 0

3 months ago parent Reply Share

What region is this?

C e ri s e 1

3 months ago parent Reply Share

Northeast

h s w o o .l s e

6 hours ago

Deloitte UK - London Graduate (Undergraduate) Salary: 34,500 Bonus: N/A Bonus: Performance based up to 5% for 1st year analysts and 2nd year analyst unknown.
0

Reply

Share

Tu ckMBA 0

6 days ago Reply Share

*for 10 weeks

Tu ckMBA

6 days ago

Another datapoint - A friend of mine at Tuck summered with The Parthenon Group. His total summer internship compensation was $35,000 (bonus + base).
0

Reply

Share

Gu e s t 0

12 days ago Reply Share

ACN pays for second year too. Does anyone know if you can cash it out

Ge o rg e to w n Gra d

18 days ago

ACN - DC

ACN - DC Base: 67K Signing Bonus: 8K Relocation: 2K Performance: 4% Match 6% for 401k Total: At least 77,000
0

Reply

Share

p h a rm a Exp

23 days ago

What should my expectations be heading into management consulting mid-career? 15 years in biotech, vc, pharma including customer-facing with MBA (top 100) and cancer PhD (top 10). Will they want me for a SME? I can't find listings with remotely my experience - is it only through networking that I can get in?
0

Reply

Share

Al i ce Jo h n s o n

25 days ago

Thanks for this nice and valuable post i like it. fee management for schools
0

Reply

Share

Ja s o n

a month ago

Did you change your figures? Saw these a week ago, and thought you listed both McK and BCG for post mba as $209K total comp. Appreciate if the figures/intel have changed and why.
0

Reply

Share

Gu e s t

2 months ago

E&Y (undergrad) Base: $68k No signing bonus. Performance bonus unknown.

0

Reply

Share

Gu e s t 0

a month ago parent Reply Share

E&Y advisory?

Ste ve n

2 months ago

For the summer internship salary information, is that for undergrad consulting summer internships or MBA consulting summer internships. I know from my business school's employment data, those numbers seem a bit low for MBA consulting summer internship pay for 10 weeks but

data, those numbers seem a bit low for MBA consulting summer internship pay for 10 weeks but they seem accurate for the undergraduate consulting summer internship pay.
0

Reply

Share

D w ke l l y8 3

2 months ago

Just got done interviewing with Deloitte for Life Sciences consulting role last Friday. They indicated moving ahead with offer and I am looking for it in writing. Will contact with data once I have it in. Experienced hire, grad degree in healthcare admin from top MHA school. This blog is incredibly useful as so far it's sounding like they intend to low-ball.
1 1

Reply

Share

ve n tj o ck

20 days ago parent

I'd like to hear about your offer. I am obtaining my grad degree at a top health admin program (MPH program)/top 25 university. I have 3 years of work clinical experience within healthcare and completing a summer internship at a top healthcare system (think Hopkins, Mayo, Kaiser, Mass Gen) doing internal strategy consulting.
0

Reply

Share

p h a rm a Exp 0

23 days ago parent Share

How did that work out?

Reply

D e l o i tte An a l ys t 2 0 1 1

2 months ago

Deloitte Consulting in NZ: 44k NZD base Signing bonus: 2k NZD

0

Reply

Share

Gu e s t

2 months ago

BCG Australia for Associate (entry-level) Sign-up bonus: A$ 15,000 Annual Salary: $A 64.900 Bonus: no idea yet :) Relocation: available, but I did not use it
0

Reply

Share

Am i n a 0

2 months ago Reply Share

Do have any data about the UK? London in particular. Thanks!

Fo cu s e d 7 7

2 months ago

Hi. Great work! I have a request/comment. Is there any way we can get PhD starting salaries? I would want to see the "financial" difference btwn MBAs/PhDs. Thank you!
0

Reply

Share

Gu e s t 0

2 months ago Reply Share

oops i meant 11000 not 1100 for accenture mba internship

Gu e s t

2 months ago

Accenture MBA summer internship (monthly): 1100 USD + 4000 relocation fee - NY & Chicago
0

Reply

Share

Gu e s t 0

a month ago parent Reply Share

So weekly pay for MBA summers is $275?

Gu e s t

2 months ago

ACN - SF Base: 70K Signing Bonus: 8K Relocation: 4K Performance: 4% Match 6% for 401k
0

Reply

Share

Gu e s t 0

2 months ago Reply Share

Any idea on location pay difference? Houston vs NY vs San Fran?

Gu e s t

2 months ago

For associate (post-undergrad) at BCG, I also got 4k in relocation, which pushes total possible to $101.6k. $4k is the max -- depends on how far you live.
0

Reply

Share

An a l ys t

3 months ago

Few math mistakes on the Booz & Co numbers: 1) 20% of 72k is not $12k but rather $14.4k. This brings the 1st year total for Booz up to $91.4 (less relocation, retirement) 2) 10% retirement off of $72k is not $6k but rather $7.2k 3) 5% off maximum bonus is $820 not $684
0

Reply

Share

Reply

Share

Si m o n

3 months ago

Are those monthly Summer Internship salaries for both MBAs and undergrads? They seem considerably higher than the FT undergrad salaries. Is that the norm in consulting? BCG: $11,000 x 12 = $132,000 --- base salary, using summer internship monthly rate.BCG: $72,000 --- base salary, first year out of undergrad
0

Reply

Share

Ji n n y

2 months ago parent

Currently at Deloitte as a SS. Interns are paid hourly with overtime, full time usually not. I'm probably coming out of my summer with ~14,000? That being said, your math is wrong. Internships are roughly 2.5 months; 11,000 is full salary for internship. Full times also get benefits that interns don't get. Fitness subsidies, PTO, etc.
1

Reply

Share

Pfi tzj r

3 months ago

Since I saw housing included in McKinsey BA, I just wanted to point out that BCG provided relocation bonuses for Associates as well. Don't know what the cap was, but my bonus came out to $2k for about a 100 mile move for office in the SE.
0

Reply

Share

ABC 0

3 months ago Reply Share

LOL, Poland's average salary is more like EUR 10k (gross)

In te rn 0

3 months ago Reply Share

What does DNK mean?

In te rn 0

3 months ago parent Reply Share

Does Not Know, right?

Fu n n y_ g u y_ ri g h t_ h e re 0

3 months ago parent

Then why did you answer? har-de-har-har

Reply

Share

Mo l l ye l i za b e th 8 8

3 months ago

Graduating from a Chicago school next week. Starting this fall with a mid tier firm. Can confirm both Accenture and Booz & Co match the BCG figures listed here although both applied various weights to individual and firm performance to assess performance bonus. I don't remember retirement contributions but can check if interested. Based on feedback from case prep friends salaries across all firms MBB and the rest are pretty close. A big differentiator though is whether

salaries across all firms MBB and the rest are pretty close. A big differentiator though is whether your firm has hit their firm performance targets. The ones I interviewed with had in recent years.
0

Reply

Share

FN G

3 months ago

are MBB salaries supposed to be consistent across offices and individuals or are they variable? I ask because I'm starting soon and apparently getting shorted a few thousand.
0

Reply

Share

C e ri s e

3 months ago parent

I believe they vary slightly across offices. At least, I know the Big 4 firms have variation across offices.
0

Reply

Share

Gu e s t

3 months ago parent

B4 have significant differences across markets, but are always lower than MBB/Booz/etc.
0

Reply

Share

Gu e s t 0

3 months ago Reply Share

McK offers $3000 relocation assistance on top of what's listed above

D e l o i tte H i re

3 months ago

Yes- Deloitte still pays for the 2nd year of b-school if you are a Summer Associate there and sign on full-time.
0

Reply

Share

Resume/CV and cover letter editing

Want to work at McKinsey, Bain, and Accenture? Management consulting is selective - the recession economy doesn't help. You need to impress recruiters with your resume immediately. As an ex-McKinsey consultant, I reviewed hundreds of resumes. Together, we'll build a new consultingfocused resume that will land interviews. Click here to learn more.

Popular Posts
What is consulting? Consulting 101 Consulting must-reads Consulting vs banking Consulting vs sales/trading

Reader FAQs All About Consulting Offers & Experience Applying Off-cycle Switching Industries Consulting lifestyle Day in the life Salaries Tips for new consultants Recruiting McKinsey vs Marakon Networking basics Summer internships Preparing for it Summer internship overview Resumes and cover letters Consulting resume guide Guide to cover letters Interviews 10 interview tips Prepare for interviews Case studies Case Studies 101 Exit options Finance and Startups Grad School and Fortune 500

Core Consulting

Company/Leader Bios

Leadership

Mock Interviews and Q&A

Can't crack the case? Stumble when explaining why you'd be a great consultant? Interviews are your final obstacle to the offer. But without acing the case, you won't get far. I've worked with hundreds of clients to land jobs - from BCG Dubai to McKinsey London. We'll practice questions you hear in real interviews. After all you've put in - don't leave empty handed now. Click here to learn more

Stay Connected

Get Email Updates

First Name : Last Name : Email Address : Go! For subscriber-only content, monthly discount codes, fun surveys and more - join our exclusive MC mailing list!

Search The Site

To search, type and hit enter

Consultant interviews

Periodicals

MBA Prep

Business Skills

Finance

Other Interests

2010 Management Consulted. Privacy Policy. Terms & Conditions. Topics: business consulting jobs; what is management consulting; consulting interviews; consulting resumes. Powered by Thesis. WordPress Admin