Hi guys, going through interviews at the moment and was trying to find information around how compensation differs between MBB firms and tier 2 firms - does anyone know a good source for this or can share some ranges based on their experience? Keen to understand how compensation differs from the consultant level and as you progress upwards..
Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Interview Partners to connect and practice with!
Back to overview
2
74
64
81
50
70
50
50
75
48
44
56
21
10
14
0
Show more
Be the first to answer!
Nobody has responded to this question yet.
This varies across geographies. As Guennal has said, the compensation will roughly start at the same level, but can diverge quite significantly at manager level +. In London, all major consultancies (to my knowledge) start at £40k-£45k base for pre-MBA positions and £80-90k for post-MBA positions. One area though where pay can differ significantly is bonus - while bonus might range from £6-10k+ at MBB in the first year, the comparable bonus at other firms is likely to be slightly lower.
However, some Tier 2 firms (e.g. Oliver Wyman) may pay their employees less on average than MBB, but really compensate top performers - so the best associates at Oliver Wyman might earn more than the best associates at Bain.
The first few years, they are roughly comparable - some boutiques may even pay you a little more. Compensation obviously isn't what MBB thinks you should join them for :)
Glassdoor is accurate for US, Canada, UK. And directionally correct for other countries. Management consulted website also gives you a good idea of pay progression across levels.
hope it helps,
andrea
Sign up for free to read all answers.
Sign up for free to read all answers.
Similar Questions
Consulting
Any MBB offers after maths mistakes?
on Aug 22, 2024
Global
6
1.9k
6 Answers
1.9k Views
Consulting
Visa sponsorship after post INSEAD MBA
on Sep 17, 2024
Global
4
1.5k
4 Answers
1.5k Views
Consulting
Onboarding prep: 1 week left, how to use time wisely?
on Sep 23, 2024
Global
7
1.5k
7 Answers
1.5k Views
Consulting
How to increase confidence (on the job)?
on Oct 02, 2024
Global
5
2.3k
5 Answers
2.3k Views
Consulting
Best Time to Apply to MBB as an Experienced Hire
on Oct 02, 2024
Global
4
2.7k
4 Answers
2.7k Views
Consulting
Trading public stocks prohibited in McKinsey?
on Oct 08, 2024
Global
5
2.8k
5 Answers
2.8k Views
Consulting
Which questions to ask over a coffee chat with an MBB consultant?
on Oct 10, 2024
Global
2
3.4k
2 Answers
3.4k Views
Consulting
Common Pitfalls to avoid on the job
on Oct 24, 2024
Global
6
1.5k
6 Answers
1.5k Views
Consulting
Usefull courses to do whilst preparing for MBB?
on Oct 30, 2024
Global
5
1.9k
5 Answers
1.9k Views
Consulting
Mckinsey solve test in 3 weeks - how to organise?
on Nov 05, 2024
Global
2
2.8k
2 Answers
2.8k Views
Consulting
Urgent - i have been on the beach for 3 weeks at an MBB, how to turn things around ?
on Dec 01, 2024
Global
6
1.7k
6 Answers
1.7k Views
Consulting
MBB Improvement Plan: How to juggle?
on Mar 31, 2025
Global
7
500+
7 Answers
500+ Views
Consulting
Can I apply to a Business Analyst position at MBB if I have 6-7 years of professional experience?
on Jul 15, 2025
Global
6
100+
6 Answers
100+ Views
Consulting
MBB Final round results timeline & Call with Staffing
on Jul 19, 2025
Global
6
200+
6 Answers
200+ Views
Consulting
MBB Office Preference Strategy — Riyadh vs. Zurich vs. Milan?
on Jul 29, 2025
Global
4
< 100
4 Answers
< 100 Views
Expert case by