Highest-Paying Consulting Jobs
- Software Consultant
- Business Consultant
- Security Consultant
- Management Consultant
- Financial Consultant
- Systems Consultant
- Senior Consultant
In terms of education, a bachelor’s degree is the minimum requirement for consulting positions. Relevant majors like marketing, finance, and human resources development are preferred. Experience level, industry demand, and location also impact salaries. An MBA can facilitate changing consulting niches without losing momentum or value.
EY Consulting Salaries
- Associate: $69,000-103,000
- Consultant: $87,000-128,000
- EY-Parthenon Senior Associates/Consultants: $104,000-198,000
Consultant Earnings
Consultants earn by providing expert advice to enhance firm performance, often without being employees. Early career choices in specialized, high-paying consulting can lead to six-figure salaries. However, most entry-level consultants work grueling hours.
Top Earners
While it is difficult to pinpoint a specific consultant who makes the most money, management consultants, particularly those working for prestigious consulting firms such as McKinsey & Company, The Boston Consulting Group (BCG), and Bain & Company, often earn substantial incomes. These firms cater to top-tier clients and provide strategic advice and guidance on various business challenges. Senior partners in these firms can earn lucrative salaries, bonuses, and profit-sharing benefits, making them some of the highest-paid consultants in the industry.
The typical McKinsey & Company Consultant salary is £72,515 per year, ranging from £33,979 – £190,589 per year.
Kickstarting a Consulting Career
Management consultancy holds some of the world’s highest-paid jobs. Kick off your consulting career with Accenture. The consulting business is booming, as more and more companies look for expert advice in diverse areas like management, technology, marketing, and more.
High Consultant Salaries
The average management consultant salary is $105,461 per year, ranging from $77,000 to $143,000. First-year consultants with a Bachelor’s degree at most major firms can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000. Consulting firms and companies seeking freelance consultants advertise open positions on job boards.