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The Strategy Consulting Industry: Firms, Trends & Compensation (2025)

StrategyU

For new hires coming straight out of undergraduate programs, McKinseys base salary typically ranges from $112,000 to $120,000, while MBA hires can command base salaries of around $190,000 to $200,000with performance bonuses pushing total compensation even higher. Now, however, some firms are grappling with overcapacity.

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What Consultants Actually Do?

StrategyU

Continuous learning is part of the job, with many firms offering in-house training programs and mentorship opportunities to support professional development. Rapid Skill Development: The fast-paced environment accelerates learning in analytical, problem-solving, and communication skills.

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Consulting Industry Overview: The 15+ Kinds Of Consulting

StrategyU

An HR consulting team from Deloitte is brought on board to develop a global HR strategy, covering compensation benchmarking, diversity and inclusion practices, and leadership training programs. Do you have a toolkit for business problem solving?