PRESENTING: 17 consulting firms where you can earn more than $200,000 right out of business school

Arnd Wiegmann/ReutersMcKinsey is one of the highest paying consulting firms for MBA grads.
  • Business school graduates can earn well over six figures at a leading consulting firm.
  • Using data from Management Consulted’s2021 salary report, we compiled a ranked list of the 17 highest-paying firms for MBAs.
  • Accenture, Ernst & Young (EY), and McKinsey are among the top firms offering hefty salaries.
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Consultants are still earning hefty salaries despite the losses the industry has suffered during the pandemic.

The market for consultants shrunk from $US160 billion to $US132 billion in 2020 due to decreased client demand, according to research platform Statista. Giant advisory firms including Deloitte, KPMG, and Accenture have laid off thousands of workers, and some consultancies like Ernst & Young previously deferred promotions and performance bonuses for employees.

But those who received job offers from top firms still make six-figure salaries. MBA candidates can expect to make $US165,000 at McKinsey, for example, and that doesn’t include potential bonuses. Smaller firms like Booz Allen Hamilton offer $US130,000 as base pay, and business school graduates at professional services firm KPMG earns a salary of $US145,000.

Here are the 17 highest-paying firms for MBA grads, ranked lowest to highest.

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