Salary
Consulting salary fluctuates year by year, location by location, and sometimes individual by individual. Location is a particularly important driver of compensation. The figures shown below are compensation ranges of management consultant (including salary plus all bonuses) at various level from typical American firms:
- First year out of undergraduate: $60,000 - $100,000 USD
- First year out of MBA, PhD, JD, or MD: $140,000 - $200,000 USD
- Engagement manager/Project leader: $220,000 - $300,000 USD
- Associate principal/Senior project leader: $350,000 - $500,000 USD
- Partner/Principal: $500,000 - $850,000 USD
- Senior partner/Director: $1,000,000+ USD
Read more about this topic: Management Consulting
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—John Dos Passos (1896–1970)