Senior Business Analyst Salary Boston
Senior Business Analyst Salary Boston – Let’s face it – no matter what you say in a consulting interview, those six-figure salary numbers are very tempting; So in this article, let’s explore and compare the salary of management consultants at 12 top consulting firms, including McKinsey, BCG, Bain (Big 3), Big 4 firms and Accenture.
In top consulting firms, entry-level management consultants can earn $100,000 per year (including bonuses and profit sharing), while senior consultants may earn up to $200,000. Project managers/managers are typically paid $200,000-$250,000. Associate level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000.
Senior Business Analyst Salary Boston
McKinsey salaries for entry-level consultants (Analysts) range from $90,000 to $110,000 per year, while MBA-level/experienced Associates can reach $233,000. Engagement managers typically earn around $250,000. Partners and Managers can earn up to $1,300,000.
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At BCG, Associates earn around $90,000 to $110,000 annually, while Senior Consultants can earn up to $215,000. Project Managers have an even higher income – around $200,000-$260,000, while Principals and Associates top the scale at $1,150,000.
Bain consultant salaries range from a maximum of $122,500 for Junior Associate Consultants, to $226,500 for Senior Consultants. Case Team Leaders can earn $242,000 per year, while Managers, Associates and Principals can earn as much as $1,000,000.
Deloitte junior consultants have a maximum annual salary of $98,000, with $85,000 as a base. Senior consultants can make $201,000 a year.
KPMG junior consultants have a maximum annual salary of $83,000, with $75,000 as a base. Senior consultants can make $185,000 a year.
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PwC junior consultants have a maximum annual salary of $108,000, with $90,000 as a base. Senior consultants can make $185,000 a year.
EY junior consultants have a maximum annual salary of $101,000, with a base of $92,000. Senior consultants can make $180,000 a year.
Accenture junior consultants have a maximum annual salary of $113,000, with $87,000 as a base. Senior consultants can make $200,000 a year.
Although management consulting is among the best-paying jobs, with a few years of experience, you will receive higher-paying offers from outside the industry – usually from +20% to +50%, but sometimes as much as +100 – 200%!
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The real reason is that many people voluntarily leave the industry within the first few years, but at the same time, it explains why management consulting is so attractive – those learning opportunities will improve your career and your salary. raise it from the sky! Whether you’re a fresh student or graduate looking for your first job in consulting or you’ve already got some experience under your belt and are looking for career advancement, there are some aspects of management consulting that you need to be aware of.
With so many consulting firms, all offering different compensation packages and career paths, your decision can be overwhelming.
Turning to Google may seem like a logical step to take but expect to be overwhelmed by the sheer amount of information that is presented to you.
That’s why I’ve put together a comprehensive guide that compares management consultant salaries at some of the most prestigious consulting firms in the world.
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Maybe you don’t know where to start, or you want to optimize your preparation time with a useful plan.
That’s why I created this free course (4+ hours of videos and 10+ downloadable templates) to help you get a job offer in consulting.
Thus, the table below shows the management consulting career path you can expect to take as you travel from an entry-level analyst all the way to making partner at five of the most respected management consulting firms.
For example, if you are a rock star, you can make Associate from Analyst in less than 8 years.
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On the other hand, if you’re on the other side of the spectrum, you may be dealing with an “up or out” policy. This means that if the firm is not ready to promote you to the next level at the end of the generally accepted time frame, they will ask you to leave the firm.
But, these are serious situations. Here’s a table that summarizes the average number of years you should expect on your role.
The responsibilities below are broad strokes and will give you a basic idea of what types of activities you will be responsible for at each level.
The role involves extensive research and data gathering of customer issues with proposed solutions. This information is organized and presented to senior in-house counsel in a clear format, such as a slide show or PowerPoint presentation.
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Additionally, BAs will often be tasked with building financial models using tools like Excel to bolster any proposals.
Check your target company’s website for job opportunities. Alternatively, you can also find entry-level consultant jobs with Jooble.
The role of Advisor and BA overlaps in many ways. Collecting data in some capacity is just one of them.
However, once given an assignment, young consultants are expected to work independently with minimal supervision to get the job done.
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Senior consultants are more specialized than junior consultants and take on more of a leadership role. As such, they are often responsible for leading BA and junior consultant teams.
Additionally, due to their greater responsibility and the fact that they are much ‘closer to the action’, senior advisors have more of a voice during internal discussions with senior management.
In consulting, this means that Managers spend most of their time framing the problem, managing the individual work methods of the analysts, and synchronizing them into a coherent analysis.
In other words, they must organize the work that BAs, junior consultants, and senior consultants need to do, ensure that the work is delivered on time and that the proposed solutions are effective.
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In addition, they are the bridge between principals and senior associates and BAs, junior consultants, and senior consultants.
There is a saying – the closer you get to the top, the harder it often gets. This is true for principles.
One step away from making partner, the first year in this position is considered the most difficult in management consulting.
Principals have established themselves as experts in their field or industry. The role involves a lot of travel and meetings with clients.
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Associates are often the first point of contact during discovery calls and will also monitor active cases and conduct final meetings to close cases.
You now have a solid understanding of management consulting, including typical career progression paths, and standard job descriptions at all levels.
However, before you look at the numbers, remember that management consulting salaries can vary significantly by location, and job titles can vary across companies.
Therefore, I decided to focus my analysis on management consulting salaries on 2x regions: USA and France.
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The base salary for a BA in the United States is $85,000 and the overall average salary is $95,000. Additional salary consists of cash bonuses.
The average salary that BAs in the United States can expect to earn is $85,000, with a total average salary of $95,000. Additional pay consists of cash bonuses, stock bonuses, profit sharing, and commission sharing.
In the United States, BAs working for Bain & Co can expect to make $86,000 per year in base salary. The average total salary is $98,000 with additional compensation consisting of cash bonuses, profit sharing, and commission sharing.
The base salary for a BA working at Deloitte in the United States is $76,000. The average salary is $77,000 and additional pay consists of cash bonuses, stock.
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Accenture in the US offers a BA starting salary of $78,000. The average total salary is $79,000 with additional compensation consisting of cash bonuses, stock bonuses, and profit sharing.
The base salary for a junior consultant in the United States is $107,000 and the average salary is $124,000. Additional salary consists of cash bonuses.
The average salary that young consultants in the United States can expect to earn is $112,000, with a total median salary of $125,000. Additional salary consists of cash bonuses, stock bonuses and profit sharing.
In the United States, young consultants working for Bain & Co can expect to make $103,000 a year in base salary. The average total salary comes in at $130,000 with additional pay consisting of cash bonuses, stock bonuses, and profit sharing.
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The base salary for a junior consultant working at Deloitte in the United States is $88,000. The average salary is $91,000 and additional pay consists of cash bonuses.
Accenture offers junior consultants an average base salary of $100,000 in the United States. The average total salary is $104,000 with additional compensation consisting of cash bonuses, stock bonuses, and profit sharing.
The base salary for a senior consultant in the United States is $154,000 and the average salary is $181,000. Extra salary
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