Charles Aris interviewed 3500 consultants and recently released their 2017 Strategy Consulting Compensation Study.
Here are a few notes of interest:
After two years in as a Management Consultant, a Class of 2014 MBA grad averaged $215,708 in total compensation. According to the 2014 census data, this puts them in the top 5% of household income in the United States.
The Bad: On average, raises significantly dropped from 18% to 11% in 2016. Although it was another year of record setting earnings, some firms experienced a slow down.
The Good: For Management Consultants transitioning into corporate roles, they can look forward to a comparable base salary and even higher total compensation. With that said, the finding should be treated as directional, since it is only based on anecdotal data.
Below you will find 2016 corporate offer ranges*, at the 25th, 50th and 75th percentiles, for each MBA graduation year:
