business consulting

The Highest Paying Consulting Firms

By Lisa Washington 19 July, 2023 3 mins read

If you are looking for the best consulting jobs, there are a few big names to choose from. Top salaries are offered by Strategy&, McKinsey and Bain. What is it that makes them stand apart from each other? Find out which consulting firms are best. We'll also talk about what to expect in an interview. This article will also give you an idea of what to expect from each firm.

Strategy&

While the list of the top-paying consulting firms is not exhaustive, the following three firms make up the top tier. EYParthenon has a strong presence across Asia and Europe as a global management consulting company. With more than 5,000 employees in 60 offices worldwide, and annual revenues of over $2.1 billion, EY-Parthenon has made a name for itself as one of the most desirable consulting firms.

Strategy& provides many benefits beyond a high-quality compensation package. These include a $12,500 sign bonus, 15% off Accenture stock and a 6% match in your 401(k). It also has a prestigious brand name, making it one of the top-paying consulting firms. While Strategy&'s compensation is comparable to that of BCG, it's arguably better positioned for career advancement and a wider range of opportunities.

McKinsey

McKinsey had a reputation for being a very competitive recruiter. In fact, McKinsey saw over 200,000 applicants apply for positions within a matter of years. McKinsey employed only 1% of these applicants, as compared to Goldman Sachs' 4%. The company is also the largest employer outside of the United States of Rhodes Scholars and maintains an exclusive recruitment portal for students. McKinsey requires high performance from its employees, despite its low pay.

Kearney is another top-paying company that offers consulting jobs. Accenture is a major technology consulting firm. It employs almost 8,000 people and has an annual revenue of over $26B. Kearney, formerly known as A.T. Kearney, was founded by a former McKinsey partner. Kearney has over 3,500 employees and 60 offices across the globe. Its annual revenues amount to $1.3B. Roland Berger, another strategy consulting company, has more then 2,700 employees at 40 locations around the world. They also have over $1B in annual revenues.

Bain

Bain Consulting will pay you a higher salary as you progress in your career. While the salary is not as high as other consulting firms', it is comparable to what the highest-paid companies get. Your career will begin as an Associate Consult, which you'll hold for six to twelve months. You will be promoted to Consultant status for at least two year if you perform well. After two years, you'll move up to the Consultant level. There, your salary will rise even higher.

The bonus policies at this consulting firm are some of its most generous. Bain's top performers earn nearly PS12,000 more than other firms. This makes consulting a strong career option, especially for driven high performers. Register for our free interview preparation materials to learn more about consulting compensation. You will be ready for your next interview. Bain Consulting offers the highest compensation in the industry.

EY-Parthenon

EY-Parthenon has just added Anastasia Makeeva, a global management consultant firm, to its Amsterdam branch. Makeeva is a well-known expert in strategy development and has previously worked for other Big Four companies. Over 60 strategic projects have been completed by Makeeva, who has more experience than a decade in consulting. Her expertise covers market entry strategy, development of business plans, and transformation of growth-oriented organisations.

EY-Parthenon was previously known as Ernst & Young. It is a leading consulting firm for MBA students. It has over 250,000 employees worldwide and is headquartered in London. EY Parthenon is one of the "Big Four", which include Deloitte, PwC, and KPMG. This multinational company was 29th on Fortune 100's list of the top places to work.

FAQ

What is the cost of hiring a consultant?

There are many factors that go into the cost of hiring a consultant. These are:

Project size
Time frame
Scope of employment
Fees
Deliverables
Other considerations such as experience level, location, etc.

How do I start a LLC consulting business?

It is important to first decide what you want as a service provider. Then you need to make sure you are qualified for those services. It is also possible to locate someone who has done the same job as you and find out how they do it.

Once you have an idea of the content you want, you can then determine where your target audience is. If they aren't available, you may need them to be created.

You will then need to decide if it is worth starting your own business, or hiring others to do it.

The state may also permit you to open your own consulting company. However, it requires some paperwork and fees.

What kind of jobs are there for consultants?

A job as a consultant requires you to have an excellent understanding of business strategy and operations. Understanding the business world and how it fits into society is essential.

Being a consultant requires great communication skills and the ability think critically.

Consultants must be adaptable because they may be asked to do different tasks at different times. They must be able and willing to adapt quickly to changes in direction.

They must be willing to travel for their clients. This type work can take them anywhere in the world.

They should also be able manage stress and pressure. Consultants may sometimes be required to meet tight deadlines.

Consultants may work long hours. This can mean you might not always receive overtime compensation.

What are some of the advantages to being a Consultant?

Consultants are able to pick when and where they want to work.

This means that you can work when you want and wherever you want.

It means that you can change your mind easily without worrying about losing your money.

You can finally control your income and create your own schedule.

Statistics

WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
On average, your program increases the sales team's performance by 33%. (consultingsuccess.com)
My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)