Entry-Level Consultant Base Salaries Range From $84,000 to $112,000 at Major Firms, With Growth Muted for Generalist Roles
Management Consulted compiled compensation data for new graduates at Bain, BCG, McKinsey, EY, KPMG, PwC and Accenture. Base pay has stayed flat while firms expand hiring criteria.
medium.comBase salaries for entry-level consultants at the largest firms range from $84,000 to $112,000, according to data compiled by Management Consulted from written job offers and firm representatives. Bain & Company offers the highest listed base salary at $112,000.
The firm also provides a performance bonus of up to $22,500, a housing allowance of up to $5,000, relocation pay of up to $5,000 or $10,000 in New York City, and a $5,000 signing bonus.
Bain employs about 19,000 people across offices in 65 cities and is led by worldwide managing partner and CEO Christophe De Vusser. Boston Consulting Group sets its entry-level base at $110,000. Additional compensation includes a performance bonus of up to $22,000, profit sharing of up to $4,400, relocation of up to $6,000, and a $5,000 signing bonus.
BCG was founded in Boston in 1963, remains headquartered there, and had 32,000 employees as of 2023 with 128 offices worldwide. Christoph Schweizer has served as CEO since 2021, and Mel Wolfgang leads the North America practice. McKinsey & Company lists an entry-level base salary between $84,000 and $95,000.
Headquartered in New York City, McKinsey has more than 45,000 employees, 130 offices worldwide, and 122 offices in the United States. Bob Sternfels serves as global managing partner and chair of the board.
The firm reported about $36 billion in revenue for the fiscal year ending in May 2025. EY sets its entry-level base salary at $100,000, with a signing bonus of $12,500 and performance bonuses that begin only after the third year.
Ginnie Carlier, EY Americas chief talent and culture officer, said the firm once consisted solely of accountants and now recruits engineers, creatives, technologists, candidates without degrees, and neurodiverse professionals. KPMG offers an entry-level base salary of up to $90,000, real-time performance bonuses, relocation of up to $2,000, and a signing bonus of up to $7,500.
