Business school graduates can earn well over six figures at a leading consulting firm.
Drawing from Management Consulted s 2021 salary report, we compiled a ranked list of the 17 highest-paying firms for MBA graduates.
Accenture, Ernst & Young (EY), and McKinsey are among the top firms offering hefty salaries.
Consultants are still earning hefty salaries despite the losses the industry has suffered during the pandemic.
The market for consultants shrunk from $160 billion to $132 billion in 2020 due to decreased client demand, according to research platform Statista. Giant advisory firms including Deloitte, KPMG, and Accenture have laid off thousands of workers, and some consultancies like Ernst & Young previously deferred promotions and performance bonuses for employees.
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Management consulting firm McKinsey & Company is still actively recruiting for candidates amid the coronavirus pandemic and major economic downturn.
Business Insider spoke with Danielle Bozarth, senior partner and the lead partner for North America recruitment at McKinsey, who said that the firm is still looking candidates with a set of problem-solving and team-building skills.
But the company has made some changes to its recruitment process.
The firm is hiring virtually, looking for more experienced candidates, and focusing on diversity and inclusion.
The odds of getting hired at McKinsey are less than 1%.