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.