Consulting Salaries (2024-2025)
First-year MBB consultants earn $112K-$120K base salary plus $35K-$50K in signing and performance bonuses, totaling $150K-$170K in year one. Post-MBA Associates start at $190K-$230K total compensation.
Undergraduate Entry (Analyst/BA)
| Firm | Base | Signing | Perf. Bonus | Total Y1 |
|---|---|---|---|---|
| McKinsey | $112K | $30K | $18-25K | $160-167K |
| BCG | $115K | $30K | $20-28K | $165-173K |
| Bain | $115K | $30K | $18-25K | $163-170K |
| Deloitte S&O | $95K | $15K | $10-15K | $120-125K |
| Strategy& | $100K | $20K | $12-18K | $132-138K |
US salaries for major metro areas (NYC, SF, Chicago). Data from verified offers, 2024 start dates.
Post-MBA Entry (Associate/Consultant)
| Firm | Base | Signing | Perf. Bonus | Total Y1 |
|---|---|---|---|---|
| McKinsey | $192K | $35K | $45-60K | $272-287K |
| BCG | $190K | $35K | $50-65K | $275-290K |
| Bain | $190K | $35K | $45-55K | $270-280K |
| Deloitte S&O | $175K | $25K | $25-35K | $225-235K |
| Strategy& | $175K | $25K | $30-40K | $230-240K |
MBB Salary Progression
Typical total compensation by level (McKinsey titles shown):
| Level | Years | Total Comp |
|---|---|---|
| Business Analyst | 0-2 | $160-190K |
| Associate | 0-2 (post-MBA) | $270-300K |
| Engagement Manager | 2-4 | $350-450K |
| Associate Partner | 4-6 | $500-700K |
| Partner | 6+ | $800K-2M+ |
Key Insight
MBB compensation is remarkably standardized. The three firms pay within 5% of each other at every level. The real differentiation comes from promotion speed and exit opportunities, not initial salary.
Data Sources & Methodology
- Primary Source: Verified offer letters shared by candidates (n=412), 2024 start dates.
- Validation: Cross-referenced with Glassdoor, Levels.fyi, and MBA career services.
- Geography: US major metro areas. International and regional offices vary 10-30%.
- Limitations: Performance bonuses vary by rating; signing bonuses vary by negotiation.
Last updated: January 2025. Reflects offers for 2024 start dates.
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