Entry-Level Consulting Salaries Detailed Amid AI's Industry Transformation
Prominent consulting firms are continuing to hire entry-level workers, despite artificial intelligence (AI) significantly reshaping industry practices. While AI influences the type of talent sought and the nature of work, base salaries for new consultants generally remain flat, ranging from $84,000 to $112,000. Firms like Bain & Company, Boston Consulting Group (BCG), and McKinsey & Company offer competitive compensation packages, including base salaries, performance bonuses, and other benefits for new graduates, even as they increasingly prioritize specialists in areas like AI implementation and digital transformation.
The consulting industry is undergoing significant transformation due to artificial intelligence, which is altering both the nature of work and hiring priorities. Despite these changes, major consulting firms continue to recruit entry-level workers.
Base salaries for new consultants at leading firms typically range between $84,000 and $112,000. However, salary growth for traditional generalist roles has been muted, according to Namaan Mian, COO of Management Consulted.
AI is pushing firms to hire more strategically, with a greater emphasis on specialists. There is high demand for talent in AI implementation, digital transformation, and data. Firms are also widening their recruitment pools to include candidates with diverse backgrounds, such as engineers, creatives, technologists, and neurodiverse professionals, as well as individuals without traditional degrees.
Management Consulted recently compiled data on salaries, bonuses, and benefits offered by major consulting firms to new graduates, based on job offers received by their clients and information from firm representatives. Specific compensation details for prominent firms include:
**Bain & Company** Base Salary: $112,000 Performance Bonus: Up to $22,500 Housing Allowance: Up to $5,000 Relocation: Up to $5,000 (up to $10,000 for New York City) Signing Bonus: $5,000
**Boston Consulting Group (BCG)** Base Salary: $110,000 Performance Bonus: Up to $22,000 Profit Sharing: Up to $4,400 Relocation: Up to $6,000 Signing Bonus: $5,000
**McKinsey & Company** Base Salary: $112,000 Performance Bonus: Up to $18,000 Housing Allowance: Up to $5,000 Relocation: Up to $10,000 Signing Bonus: $5,000
Deloitte Consulting, one of the "Big Four" firms, has over 181,000 employees across the U.S. and reported approximately $36 billion in revenue for the fiscal year ending in May 2025. (Source: Business Insider)
