However, as you may have noticed, the gap narrows as you get older. It is invested at levels higher than those of Manager (the “long-term profit”), where, on average, the annual compensation is 7% more than in consulting firms. In addition, if you are leaving consulting to dedicate yourself to the “industry”, you can expect that the additional elements of your compensation package will be available and open to negotiation. As consultants' salaries continue to rise across the industry, wealth has also fallen to the level of analysts.
Firms have created more prestigious brands, closer networks and will open up endless exit opportunities within 2 to 3 years, from primary education to business leadership. Therefore, you will most likely have no difficulty surviving if you get a job at one of the major consulting firms, no matter what country you decide to work in. While the war for talent is being waged much more prominently on the MBA battlefield, companies recognize (with intelligence) the value of the best university talent. Three firms — McKinsey %26 Company, Bain %26 Company and Boston Consulting Group (BCG) — have dominated the global consulting industry's elite for years.
Altman Solon is proud to be the world's largest strategy consultancy focused on TMT and backs that pride with its compensation structure. Galt and Company, a firm that you may never have heard of but that you'll want to pay attention to, is ranked number 2 on the list of consulting salaries for college students. But if you're interested in knowing where you can get the most out of it in the first year, we've analyzed the figures to identify the 10 best consulting firms with undergraduate consulting salaries. The most common path to leave consulting is to enter the “industry” (by that I mean a large national or multinational company).
The world's leading consultant wins the bronze medal for total potential compensation at the undergraduate level. At levels higher than those of management, the value of packages for start-ups is 31% higher than their consulting equivalents (and 7% more than that of companies). However, it's certainly not all about money and, in fact, for most people, salary won't be the most important determining factor (e.g.