Are you looking for the highest paying consulting firm? If so, you're in luck. Three firms—McKinsey & Company, Bain & Company, and Boston Consulting Group (BCG)—have been dominating the consulting industry elite worldwide for years. Collectively known as the MBB firms, or the top three, they have also been a springboard for people seeking high-level jobs in the financial services or business sector. However, while MBB firms have traditionally paid the best consulting salaries and bonuses, the consulting units of the big four accounting firms (Deloitte, EY, KPMG, and PwC), along with a growing range of boutique providers, are now catching up with them on the compensation front.
In the consulting sector, salaries have increased year after year at all levels of seniority and companies, as the sector continues to recover from a relatively short period of wage stagnation at the height of the pandemic. The renewed battle for talent has also contributed to wage inflation, as consulting firms compete for candidates against big banks (which have increased their salaries considerably in the past 12 months) and big technology companies. According to Curtis, consulting firms do compete, not directly, but to a certain extent, with investment banks when it comes to hiring the best talent. For aspiring consultants looking for the highest salaries, the WSO tracks the average salaries and bonuses of users at all professional levels.
The top three companies in the U. S. where a consultant receives the highest compensation are Palo Alto Networks, Dell Technologies Inc., and Bain & Company. In addition, McKinsey & Company's bonus structure allows top performers the opportunity to take home up to approximately 30% of their base salary in bonuses.
Below is a list of 10 companies that best pay a consultant in Boston, Massachusetts: Bain & Company, McKinsey & Company, L. E. K., Deloitte S&O, Palo Alto Networks, Dell Technologies Inc., EY (Ernst & Young), KPMG (Klynveld Peat Marwick Goerdeler), PwC (PricewaterhouseCoopers), and Curtis. If you're thinking about becoming a consultant or planning the next step in your career, it is important to find details about a consultant's position, career path, and salary history.
Salary estimates are based on 92,544 salaries submitted anonymously to Glassdoor by a consulting employee from Boston, Massachusetts.