Which Big 3 consulting pays the most?

McKinsey & Company is the last, and highest paying Big 3 MBB consulting firm on this list. McKinsey is arguably the most prestigious consulting firm of all tier 1 companies and consistently attracts the top Fortune 500 clients to its offices around the world.

Which of the Big 3 is the best consulting?

McKinsey is considered to be more prestigious than BCG and Bain. McKinsey & Company also has the most employees and the highest revenue, followed by BCG and Bain. Its personnel reimbursement also reflects this - McKinsey's personnel usually get better salaries and benefits than BCG's and Bain's.

Which type of consulting pays the most?

What is the salary in the top 3 consulting firms?

In the top three consulting firms, you can expect to earn $80,000 as an entry level salary, and $149,500 as a project manager salary. In management consulting, your annual compensation will rise as you become more experienced.

Who pays more McKinsey or BCG?

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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.

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Should I join McKinsey or BCG?

If your education and/or work experience is “outside the norm,” McKinsey is more likely to consider you than BCG or Bain. BCG operates in a similar manner, hiring people into practices a lot earlier than Bain – who waits until consultants have reached Partner or Sr. Partner level before assigning a specialization.

Should I choose BCG or McKinsey?

McKinsey is good in Org restructuring, soft communications, and diving headfirst into PR issues. BCG is a champion in benchmarks, digital business building, and creating lucrative corporate sweatshops. Whatever these two leave out, Bain fits itself in.

Which consulting firm pays the most UK?

The average UK consultant salary is ~£85,000. The UK Consultant salary at MBB firms ranges from £90,000-£97,000. Bain's consultant salary in the UK is the highest out of the three at £97,000. McKinsey and BCG pay £90,000 and £93,000 respectively.

Can you make millions in consulting?

It takes hard work, determination and some help along the way, but it's certainly possible. With the right growth strategies in place, a solid work ethic and networking, you can grow your consulting business to bring in $1 million in a year.

Which Big 4 pays consultants the most?

If you want to make the most money in consulting, Deloitte pays the best. However if you want to make the most money in auditing or tax PwC is likely your best bet.

Can consultants make 200k?

However, if you build your network, create a clear offer, and find something companies are willing to pay for, it's not hard to get to 200k as a consultant.

Can consultants make 6 figures?

And that's why companies pay a handsome salary to program management consultants—we're talking six figures here. As of September 2023, the salary of a program management consultant could be as high as $183,000.

Does Oliver Wyman pay more than MBB?

Salary - MBB is about 50-60% of OW, but monthly savings get closer to even after accounting for expenses in the 2 countries.

Is Big 3 better than Big 4?

The Big Three have a longstanding reputation as prestigious and elite consulting firms. They are often perceived as industry leaders and are highly sought after by top-tier talent and clients. The Big Four are recognized globally for their accounting and professional services, including consulting.

Is BCG more prestigious than Bain?

MBB firms have much higher prestige scores (vault 2023)

This list bases its data on surveys of working consultants, who are allowed to rate other firms but not their own. While McKinsey reaches the score of 9, Bain and BCG are both above the score of 8.9; the highest score of the Big 4 group is only above 7.1.

Is BCG or Bain better?

BCG is considered to be more focused on growth strategy and innovation, and is particularly known for its expertise in the technology, healthcare, and energy sectors. Bain, on the other hand, is known for its expertise in private equity and its focus on operational excellence and cost management.

Can you make 7 figures as a consultant?

It all comes down to strategy.

The fastest path to creating a 7-figure coaching and consulting business is to position yourself to sell ultra-high end services.

How rich are consultants?

At one end of the pay spectrum, you have human resources (HR) consultants who on average make around $63,000 USD a year. At the other end, you'll find financial consultants who average closer to $90,000 USD.

Why are consulting salaries so high?

A consultant's pedigree can bring prestige and reliability to a firm's brand and one of the ways to ensure that an applicant accepts a job offer is the promise of career growth and big compensation. They are willing to pay well over the average to hire them and their returns are seen in client retention.

Who are the top 4 consulting UK?

The Big Four consulting firms have had an undeniable global presence over the past two decades and have remained as the largest and most prominent professional services firms in the world. These firms are Deloitte, PwC, KPMG, and EY.

How much is McKinsey bonus?

McKinsey Consultant Salary & Bonuses

MBA graduates at McKinsey can earn performance bonuses up to $45,000, and a signing bonus of $30,000. For master's graduates, performance bonuses cap at $30,000, with a signing bonus of $5,000. These numbers are just starting salaries.

What is the highest salary in McKinsey?

The highest-paying job at McKinsey & Company is a Senior Client Partner with a salary of ₹401.4 Lakhs per year. The top 10% of employees earn more than ₹50 lakhs per year. The top 1% earn more than a whopping ₹130.30 lakhs per year.

Why I left BCG?

The time that used to be spent on the road or catching flights was diverted to work. My free time ended up being channelised towards productivity. I felt stuck and frustrated with a 15-16 hour work day. In addition to this, I had the clarity that I didn't wish to stay at BCG life long.

Why is McKinsey so prestigious?

For senior leaders at most top global organizations, McKinsey is the go-to adviser across a range of critical questions, from strategy and operations through to digital. The firm has been the pioneer of bringing the strategy consulting approach deeper into its client organization, through functional practice areas.

Should I join McKinsey or Bain?

For example, if you have a strong interest in private equity consulting, Bain might be more appealing to you. If you want to specialize in improving clients' operations, McKinsey's operations practice may be better.