Management Consulted has learned that BCG will be rolling out an updated compensation structure as of September 1, 2022. The big highlights? Base salaries for Associates (pre advanced degree entry level) will rise to $110,000. The Consultant base salary (post advanced degree entry level) will rise to a whopping $190,000.
In response to that, McKinsey and Bain have made plans to increase their base salaries as well, sneaking by BCG to offer the highest base salaries in the industry. Specifically, the new McKinsey Business Analyst salary and new Bain Associate Consultant salary will now be $112,000 (pre advanced degree entry level). New McKinsey Associates and Bain Consultants (post advanced degree entry level) can now expect to earn $192,000.
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