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Consulting Salaries For MBA & Master’s Graduates

What salary can you earn at top consulting firms like Deloitte, Bain, BCG & McKinsey? Find out in our breakdown of consulting salaries for MBA and master’s graduates

By  Marco De Novellis

Wed Jan 25 2023

From the Big Three management consulting firms—Bain, BCG, and McKinsey—to the likes of Deloitte, EY, and KPMG, consulting companies are among the largest recruiters of MBA and business master’s graduates, offering impressive six-figure salaries.

This looks likely to continue in 2023 as many firms, including the Big Three, have increased MBA consulting salaries. That follows inflationary pressure and increasing competition for talent from within technology and finance. 

McKinsey & Company and Bain & Company which offer the highest overall compensation packages among the Big Three, each offer base salaries of around $192,000 per annum. Bain also offers performance bonuses of up to $63,000 to MBA graduates, while at McKinsey the figure is $45,000. 

While pursuing an MBA or master’s program comes at a significant cost, if you’re considering a consulting career after business school you’ll likely make a swift return on your investment.

Here, we roundup the headline stats for consulting salaries for MBA and master’s graduates at some of the world’s biggest consulting firms, from Management Consulted’s 2023 Consulting Salary Report

You can find out more information about the specific consulting firms by clicking through to the links below.

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The Big Three

Bain & Company

Bain consultant salary prospects are very promising for MBA graduates. The Big Three, also known as MBB, all offer base consultant salaries of at least $190k with Bain offering a total of $192,000. The firm also offers performance...

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