The consulting industry has taken a hit since the start of the coronavirus pandemic. Over the last several months, firms had to halt business travel, adopt remote work tools, and adjust to the new normal while simultaneously serving corporate clients.
But many are still hiring for 6-figure jobs.
Nearly all of the consulting firms have extended full-time offers to this year’s summer interns who completed their programs virtually. Boutique firms specialized in healthcare, pharma, and corporate turnaround are looking to expand. Some firms, like PwC and KPMG, have slowed their recruitment efforts, but they are still looking and carefully hiring talent.
So how much can you make if you land a job in management consulting right now?
Business Insider has compiled a list of salary reports for major consulting firms. These guides are based on our analysis of the US Office of Foreign Labor Certification’s 2019 disclosure data for permanent and temporary foreign workers, annual salary reports from career-development company Management Consulted, and interviews with experts.
Here’s what you need to know if you’re an MBA graduate, college student, or an experienced hire looking to switch jobs.
Gallery: The upskilling economy: 7 companies investing millions of dollars in retraining American workers so they can find better jobs (Business Insider)
The upskilling economy: 7 companies investing millions of dollars in retraining American workers so they can find better jobs
Earlier this month, Verizon announced a $44 million upskilling program.
In June, Bank of America announced a $1 billion commitment to help combat racial injustice, which included a program to upskill and reskill thousands of Americans.
In Sept. 2019, PwC announced a $3 billion commitment to upskill all 275,000 of its employees.
In July 2019, Amazon announced a $700 million investment to retrain one third of its US workforce.
In June 2019, Accenture said it would be spending nearly $1 billion each year to retrain its workers.
In March 2019, JPMorgan announced a $350 million upskilling initiative.
In March 2018, AT&T invested $1 billion to retrain nearly half of its workforce.
Highest-paying firms for MBA graduates: 13 consulting firms where you can earn more than $200,000 right out of business school
Highest-paying firms for MBA interns: 8 consulting firms where MBA students can earn more than $30,000 during their internships
Highest-paying firms for college graduates: 10 consulting firms where you can earn more than $100,000 right out of college
Firms with the biggest salary boosts: 10 consulting firms that gave MBA grads the biggest salary boosts in the last 5 years
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