The most important factor when choosing a career path or deciding which company to join is salary. Analyst salaries at consulting firms in Singapore range from $33,750 to $77,625. In this article, we take a closer look at the top 16 consulting firms in Singapore and what they pay analysts, consultants, and managers. Plus, you'll get exclusive entry tips from our case coach Francesco.
Singapore, often referred to as the Lion City, is one of the world’s leading business and financial hubs. And for good reason: the country is strategically located and well-connected, has robust legal and business systems, a strong local talent pool, and an attractive tax environment. Because of this, nearly all major global management consulting firms have established offices in Singapore.
These offices typically serve as regional hubs or headquarters, supporting one of the fastest-growing regions in the world. Combined with Singapore’s high average salaries, this means that top consulting firms are willing to pay top dollar to attract talent to their Singapore offices. Wondering how much exactly? We took a look at the estimated figures on Glassdoor and here’s what we found:
ANNUAL COMPENSATION (base salary + average bonus in USD – 1 SGD = 0.75 USD)
| Firm | Analyst | Consultant | Manager |
| Accenture | $43,200 | $79,500 | $110,700 |
| Bain & Company | $77,625 | $150,000 | $238,125 |
| Boston Consulting Group | $69,000 | $173,000 | $240,000 |
| Deloitte Consulting | $36,000 | $60,000 | $110,250 |
| EY Consulting | $36,750 | $49,500 | $93,750 |
| EY-Parthenon | $45,000 | $84,000 | $139,500 |
| IQVIA Consulting Services | $50,850 | $76,950 | $139,500 |
| L.E.K. Consulting | $69,500 | $85,000 | Not available |
| Kearney | $68,700 | $87,525 | $214,500 |
| KPMG Consulting | $34,500 | $47,400 | $81,000 |
| McKinsey & Company | $64,700 | $145,125 | $243,000 |
| Oliver Wyman | $75,300 | $92,250 | Not available |
| PwC Consulting | $33,750 | $55,200 | $90,000 |
| Roland Berger | $45,000 | $72,000 | $145,500 |
| Simon Kucher & Partners | $55,875 | $87,000 | $122,250 |
| Strategy& | $63,000 | $108,000 | Not available |
It is important to note that the figures shown in the table above are rough estimates only; the figures reported on Glassdoor are often not 100% accurate, especially for firms with complex remuneration packages consisting of different allowances and bonuses. Additionally, there are several other major firms (such as Arthur D. Little, Dalberg, and ZS Associates) featured in our Consulting Firms in Singapore article but are not included in the article above due to limited or absent data points on Glassdoor. Lack or limited data was also why remunerations for certain career levels (e.g., senior consultant, senior manager) were excluded from the table above.
Looking at the data, what immediately becomes evident is that the MBB firms – McKinsey, Boston Consulting Group and Bain – consistently pay top-tier salaries across all career levels, although there is a degree of variation in pay between the three firms, according to the seniority.
It also seems that some of the non-MBB firms are competing with the MBB firms for analyst-level talent by increasing their pay. Firms like L.E.K. Consulting, Oliver Wyman, Strategy&, and Kearney offer compensations in the same range for analysts. However, it appears these firms struggle to keep up with MBB compensations once we move up the career ladder, with MBB remuneration generally pulling ahead at the consultant and manager levels.
For interns, compensation data were slightly scarcer and more unreliable. For the MBB firms, monthly intern salaries were around USD 4,200. For the consulting arms of the ‘Big Four’ professional services firms, the intern salaries start at USD 600 and USD 750. The remaining firms offered anywhere between USD 750 to USD 2,250. There are some exceptions, such as L.E.K. Consulting, Oliver Wyman, and Kearney offering close to what the MBB firms pay.
With remunerations like these, it is little wonder why management consulting is such a desired profession among Singaporean graduates. It is also why, every year, tens of thousands of aspiring consultants from all corners of the world apply to these offices. This has caused the Singapore offices of these firms to become one of the hardest to get into, rivaling those in other desirable locations such as New York and London.
Therefore, if you want to get paid salaries like the ones in the table above, you will need to outcompete these candidates, both in terms of getting an interview invite and passing through the interview rounds. So, what can you do? Well, start networking and begin your case (and fit) preparation as soon as possible. Remember, it is a marathon, not a sprint!
Francesco is an interview coach, former BCG consultant, and tech entrepreneur. He is the #1 coach on PrepLounge.com for meetings done, where he completed more than 3.000 expert sessions. As a coach for consulting interviews, Francesco helped hundreds of candidates to land offers from McKinsey, BCG, and Bain.
Since 2016, he organizes consulting boot camps in some of the leading universities in Europe. As a consultant, Francesco joined BCG in the Milan office, where he worked on projects in the energy, industrial goods, and consumer goods sectors. After BCG, he worked in venture capital in Germany as an angel fund associate. As an entrepreneur, Francesco founded two companies in Europe and Asia in the entertainment and EdTech sectors. He is currently leading a Singapore-based company and supporting startups as a strategic advisor.
