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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 toknow our updated numbers for consulting salaries. Here, we’ve 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 don’t 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 it’s 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: $58-70,000Performance 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. Relocationassistance 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: $70-75,000Performance 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 YorkSigning Bonus: $5,000
Base: $72,000Performance 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 bonusRelocation: $5-15,000
For Boston Consulting Group…Signing Bonus: $5,000
Base: $72,000Performance 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 $97,600Retirement & 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 weekPerformance Bonus: no bonus, instead paid time and a half for all hours over 40 @ approximately $45/hour- – - – -
Total compensation: VariableRetirement & relocation: DNK
For McKinsey…
Signing Bonus: $5,000Base: $70,000
Housing: $5,000Performance Bonus: none for BAs
- – - – -
Total compensation: $80,000Retirement & 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)
We’ve added figures for consulting salaries abroad as well:
Canada (in CAD):
For Oliver Wyman: $70,000 base + $10,000 signing bonusFor 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 baseFor 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 bonusFor 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 baseFor 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 yearRelocation: $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 requiredDown 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: $25,000Base: $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 yearRelocation: $2-9,000 depending on distance
- – - – -
Total compensation: at least $192,000Retirement: 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: $130,000Performance 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: $132,000Performance 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 $140,000Retirement & 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 internship…any 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 + bonusIMS: $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 flat…which 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. We’d 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 it’s all posted anonymously. Thanks inadvance!
Any questions about compensation? Curious about how it stacks up to other industries? Any surprises? Leave
your feedback below…
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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...
DiscussionDiscussion CommunityCommunity
ATK Canada -
Base:70,000
Signing: 5,000
Gues t • 3 months ago
11 Star Star
• Reply •
Signing: 5,000
Performance: Up to 20% (14,000)
Relocation: 3,000-10,000 1
• Reply •
Hi,
Is this senior business analyst or entry BA?
Gues t • 2 months ago • parent
0
• Reply •
Do MBB firms offer differing pay across different MBA schools even if they are headed to
start in the same office and region?
Bobobob • 3 months ago
1
• Reply •
MBB firms offer the same pay regardless of your school.
Gues t • 2 months ago • parent
0
• Reply •
Canada
Zs associates full time
BA position
Base 75000
Signing bonus 5000
First year performance 10%
match retirement saving by 100%
No nam e • 3 months ago
1
• Reply •
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
Gues t • 4 days ago • parent
0
No nam e • 3 months ago • parent
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• Reply •
Relocation fee 2500
Bonus cap of 10% removed after one year
No nam e • 3 months ago • parent
0
• Reply •
PwC full time post-undergrad:
Base: 65k
Signing: 3-5k (depending on relocation, I believe)
Bonus: 10-15% first year, increases each year
Ceris e • 3 months ago
1
• Reply •
What region is this?
Gues t • 3 months ago • parent
0
• Reply •
Northeast
Ceris e • 3 months ago • parent
1
• Reply •
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.
hs woo.ls e • 6 hours ago
0
• Reply •
*for 10 weeks
TuckMBA • 6 days ago
0
• Reply •
Another datapoint - A friend of mine at Tuck summered with The Parthenon Group. His
total summer internship compensation was $35,000 (bonus + base).
TuckMBA • 6 days ago
0
• Reply •
ACN pays for second year too. Does anyone know if you can cash it out
Gues t • 12 days ago
0
ACN - DC
Georgetown Grad • 18 days ago
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• Reply •
ACN - DC
Base: 67K
Signing Bonus: 8K
Relocation: 2K
Performance: 4%
Match 6% for 401k
Total: At least 77,000 0
• Reply •
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?
pharm aExp • 23 days ago
0
• Reply •
Thanks for this nice and valuable post i like it.
fee
management for schools
Al iceJohns on • 25 days ago
0
• Reply •
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.
Jas on • a month ago
0
• Reply •
E&Y (undergrad)
Base: $68k
No signing bonus.
Performance bonus unknown.
Gues t • 2 months ago
0
• Reply •
E&Y advisory?
Gues t • a month ago • parent
0
For the summer internship salary information, is that for undergrad consulting summer
internships or MBA consulting summer internships. I know from my business school's employment
data, those numbers seem a bit low for MBA consulting summer internship pay for 10 weeks but
Steven • 2 months ago
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• Reply •
data, those numbers seem a bit low for MBA consulting summer internship pay for 10 weeks but
they seem accurate for the undergraduate consulting summer internship pay. 0
• Reply •
Just got done interviewing with Deloitte for Life Sciences consulting role last Friday. They
indicated moving ahead with offer and I am looking for it in writing. Will contact with data once I
have it in.
Experienced hire, grad degree in healthcare admin from top MHA school.
This blog is incredibly useful as so far it's sounding like they intend to low-ball.
Dwkel ly83 • 2 months ago
1 1
• Reply •
I'd like to hear about your offer. I am obtaining my grad degree at a top health admin
program (MPH program)/top 25 university. I have 3 years of work clinical experience within
healthcare and completing a summer internship at a top healthcare system (think Hopkins,
Mayo, Kaiser, Mass Gen) doing internal strategy consulting.
ventjock • 20 days ago • parent
0
• Reply •
How did that work out?
pharm aExp • 23 days ago • parent
0
• Reply •
Deloitte Consulting in NZ: 44k NZD base
Signing bonus: 2k NZD
Delo i tte Analys t 2011 • 2 months ago
0
• Reply •
BCG Australia for Associate (entry-level)
Sign-up bonus: A$ 15,000
Annual Salary: $A 64.900
Bonus: no idea yet :)
Relocation: available, but I did not use it
Gues t • 2 months ago
0
• Reply •
Do have any data about the UK? London in particular. Thanks!
Am ina • 2 months ago
0
Focus ed77 • 2 months ago
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• Reply •
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 •
oops i meant 11000 not 1100 for accenture mba internship
Gues t • 2 months ago
0
• Reply •
Accenture MBA summer internship (monthly): 1100 USD + 4000 relocation fee - NY &
Chicago
Gues t • 2 months ago
0
• Reply •
So weekly pay for MBA summers is $275?
Gues t • a month ago • parent
0
• Reply •
ACN - SF
Base: 70K
Signing Bonus: 8K
Relocation: 4K
Performance: 4%
Match 6% for 401k
Gues t • 2 months ago
0
• Reply •
Any idea on location pay difference? Houston vs NY vs San Fran?
Gues t • 2 months ago
0
• Reply •
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.
Gues t • 2 months ago
0
• Reply •
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
Analys t • 3 months ago
0
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• Reply • 0
• Reply •
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
Sim on • 3 months ago
0
• Reply •
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.
Jinny • 2 months ago • parent
1
• Reply •
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.
Pfi tzj r • 3 months ago
0
• Reply •
LOL, Poland's average salary is more like EUR 10k (gross)
ABC • 3 months ago
0
• Reply •
What does DNK mean?
In tern • 3 months ago
0
• Reply •
Does Not Know, right?
In tern • 3 months ago • parent
0
• Reply •
Then why did you answer? har-de-har-har
Funny_guy_right_here • 3 months ago • parent
0
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
Mol lye l izabeth88 • 3 months ago
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• Reply •
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 •
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.
FNG • 3 months ago
0
• Reply •
I believe they vary slightly across offices. At least, I know the Big 4 firms have
variation across offices.
Ceris e • 3 months ago • parent
0
• Reply •
B4 have significant differences across markets, but are always lower than
MBB/Booz/etc.
Gues t • 3 months ago • parent
0
• Reply •
McK offers $3000 relocation assistance on top of what's listed above
Gues t • 3 months ago
0
• Reply •
Yes- Deloitte still pays for the 2nd year of b-school if you are a Summer Associate there
and sign on full-time.
Delo i tte Hi re • 3 months ago
0
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