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BCG, McKinsey & 25 Top Consulting Firms With The Highest Salaries

Want a big consultant salary? From BCG to McKinsey, we highlight the highest-paying consulting companies from the Vault list of top consulting firms

Fri Feb 17 2023

One of the biggest attractions of working in the management consulting industry is the tasty compensation: consultant salary, bonuses, equity and other perks like health insurance. But which firms have the highest paid consultants? 

Each year, Vault produces a ranking of the best consulting firms to work for. The Vault consulting ranking is based on surveys of current employees. The main factors are prestige, firm culture, satisfaction, compensation, work-life balance and level of challenge. Vault also breaks down each metric into a separate ranking. 

Highest-paying consulting firms

The Boston Consulting Group (BCG) loses its spot in the Vault ranking as the best consulting firm by compensation in 2023 as ghSMART, a boutique firm based in Chicago with just 125 employees, rise to the top. 

ghSMART is owned entirely by its employees, insiders highlight that their competitive salaries are bolstered by additional pay for overtime.

“Best: the more you work, the more you earn. Worst: if you're financially motivated, it can lead to overworking yourself," one employee told Vault.

Team members get the opportunity to buy company stock, and ghSMART consultants note the company’s flexibility, which includes ‘unlimited vacation.’  But despite the various benefits, the firm’s small size can limit the ability to invest in...

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