Get Active in Our Amazing Community of Over 458,000 Peers!

Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Case Partners to connect and practice with!

Starting salary for phd graduate

graduate MBB phd salary starting salary Top tier
Recent activity on Jul 13, 2017
1 Answer
5.3 k Views
Anonymous A asked on Jul 13, 2017

Hi everyone!

I was wondering what starting salary I can or should expect as a phd graduate at different types of consultancies (MBB, top tier)? How does it differ for MBA or Master graduates?

Thanks in advance!

Overview of answers

  • Upvotes
  • Date ascending
  • Date descending
Best answer
Anonymous B updated the answer on Jul 13, 2017

It depends on the firm. MBB hire PhDs/JDs/MDs at post-MBA level so the salary is same as MBA graduates. They are hired at McK at associate level and at BCG and Bain at consultant level.

The salary depends largely on the office and geographic location. For example, in the US, it is around $150K + up to 20% of base salary as performace bonus + sign on bonus.

Masters are hired at entry level read Business Analyst at McK or Associate at BCG but at a higher cohort than an undergrad. So the pay is a bit better than undergrads.

Tier-2 firms (OW, BAH, RB, Strategy&, etc.) tend to hire PhDs at a lower level than MBA grads.


Was this answer helpful?
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
You are a true consultant! Thank you for consulting us on how to make PrepLounge even better!