Boutique consulting firms offer MBA graduates lucrative salaries and hefty performance and signing bonuses.
Boutique firms are smaller-sized consulting firms, usually with close connections to local clients or a specific area of expertise.
Consultants may specifically focus on telecommunications and the media industry, for example, or solely work with clients in the clean energy space. These companies are a good fit for MBA grads with an interest in consulting and a specific professional background or area of interest.
Here, we break down the 23 highest paying boutique consulting firms, based on starting salary data for MBAs from ManagementConsulted.
All the firms in this list offer MBAs a base starting salary of $130,000 or more.
Boutique Consulting Firms With The Highest MBA Salaries
23. Booz Allen Hamilton
Strategy and technology consulting sit at the forefront of boutique consulting firm, Booz Allen Hamilton’s work. The company is helping lead innovative change in the Middle East, and offers MBA consultants starting base salaries of $130,000 in the Middle East.
Grads can also earn performance bonuses up to $32,500. There is a $10k salary rise after year one, and another after year two. MBAs landing boutique consulting jobs with Booz Allen Hamilton will also be given up to $25,000 to relocate to the Middle East.
22. Everest Group
From IT to engineering services, Everest Group focus on delivering deep research-informed insights about their clients’ most pressing business concerns.
The boutique consulting company pays its incoming MBA consultants $135,000. There is also a performance bonus of up to $13,500, and a signing bonus of $25,000.
Focusing on Fortune 1000 companies, ProcureAbility gives grads the opportunity to put their MBA skillset to use to support procurement teams with consulting, staffing, recruiting, analytics, and intelligence.
MBA consultants start on a base salary of $135,000, with a performance bonus of up to $13,500.
20. Simon-Kucher & Partners
If strategy, marketing, pricing, and sales consulting is what you’re after, then Simon-Kucher & Partners could be the boutique consulting company for you. The company is one of the highest paying boutique consulting firms and pays MBA consultants a starting base salary of $140,000, with a performance bonus of up to $33,600, and a signing bonus of $20,000.
19. Alexander Group
Alexander Group focuses on revenue growth for sales teams. Like Simon-Kucher & Partners, the company also pays their MBA hires a starting base salary of $140,000. There is also a performance bonus of up to $30,000, and a signing bonus of $15,000.
18. Chartis Group
Chartis Group focuses on providing consulting support to the healthcare industry, working with the likes of physicians, hospitals, and health systems. The boutique consulting company pays a base salary of $140,000 to MBA hires. They can also earn a performance bonus of up to $28,000, and a signing bonus of $20,000.
A focus on IT services management is what you’ll get at Gartner. The company also pays its MBA hires a base salary of up to $141,900, meaning grads earn roughly the cost of a top two-year US MBA program per year.
16. Strive Consulting
Business and technology consulting firm Strive Consulting focus on providing clients growth in three main areas: strategic advisory, project delivery, and staffing services.
The company pays a base salary of $142,000 to MBA hires, alongside a performance bonus of up to $15,000. It also provides employees unlimited paid time off.
15. Galt & Company
Galt & Company is a boutique consulting firm that builds strategies and organizational capabilities for firms to improve and sustain superior shareholder value. It pays MBA hires a starting base salary of $145,000, with a performance bonus of up to a whopping $55,000.
(©IBM / via Facebook)
14. IBM Global Business Services/IBM Consulting
From interactive experience and digital strategy, to cloud application innovation, there’s a focus on technology at IBM. MBA hires can expect a starting base salary of up to $149,800.
Quick solutions for clients is at the heart of AlixPartners work. The company’s QuickStrike® methodology identifies issues affecting a company’s performance, looks at the available options, and plans a solution in a matter of weeks,
That requires smart MBA minds, which is likely part of the reason starting base salaries sit between $150,000-and-$165,000, with a performance bonus of up to $60,000, and a signing bonus of $25,000.
12. ZS Associates
Consulting, software, and technology are the crux of the work at boutique consulting company, ZS Associates. As one of the highest paying boutique consulting firms, ZS pays MBA hires a starting base salary of $150,000, but that’s not the only lucrative appeal of a consulting contract with the company.
There is also a performance bonus of up to $18,000, a signing bonus of $30,000, and relocation pay of up to $5,000. MBA interns who return for full-time roles are also given a second year MBA tuition reimbursement.
11. Tata Consultancy Services
Indian multinational consulting company, Tata Consultancy Services, has a keen focus on information technology consulting. Smart, tech-savvy MBA graduates are paid a starting base salary of $155,000 when they join the firm.
10. Accenture Strategy
Looking for a career in business strategy, technology strategy, or operations strategy? Accenture Strategy could be the boutique consulting company for you.
MBAs joining the firm can expect a base salary of $155,000. All first years our of an MBA can also expect a performance bonus of up to $30,000, with top performers able to add $15,000 on top of that.
If that’s not enough, there is also a signing bonus of $35,000, with interns returning for full-time positions offered an extra $17,500 early sign on bonus.
9. Altman Solon
Altman Solon is the world’s largest boutique consulting company with an exclusive focus on the telecommunications, media, and technology (TMT) sectors. It pays incoming MBA hires a base salary of $160,000, with a performance bonus of up to $40,000, and a signing bonus of $25,000.
8. Analysis Group
Analysis Group focuses on economic, financial, and strategy consulting for law firms, corporations, and government agencies. Working for the company as an MBA hire earns you a base salary of $160,000, with a performance bonus of up to $30,000, and a signing bonus of $40,000.
(©lekconsulting / via Facebook)
7. Oliver Wyman
Financial services management consulting firm, Oliver Wyman, pays incoming MBA hires a base salary of $160,000, with a performance bonus of up to $32,000, and a signing bonus of up to $45,000.
6. Roland Berger Strategy Consultants
International management consultancy, Roland Berger, pays incoming MBA hires a base salary of $160,000, with a performance bonus of up to $32,000. There is also a signing bonus of $35,000.
5. Compass Lexecon
Compass Lexecon is another of the boutique consulting firms focusing on economic consulting for law firms, corporations, and governments. It pays incoming MBA hires a base salary of up to $160,000.
4. L.E.K. Consulting
L.E.K. Consulting is a British management consulting firm that focuses primarily on corporate strategy, mergers and acquisitions, and operations. MBA hires can expect to earn a high base salary of $165,000, with a performance bonus of up to $25,000.
MBA interns who return to full-time positions at the company are also given up to $25,000 towards their tuition repayments.
3. OC&C Strategy Consultants
OC&C Strategy Consultants focus on an array of industries, from consumer goods and TMT, to leisure, retail, and analytics.
The company is one of the highest paying boutique consulting firms when an incoming MBA’s total compensation is added together. The company pays MBA hires a base salary of $165,000, with a huge performance bonus of up to $57,750, and a signing bonus of $25,000. It also pays a relocation fee of up to $7,500.
Kearney works with over three-quarters of the Fortune Global 500, as well as governmental and non-profit organizations. The company is second in the list of highest paying boutique consulting firms and pays MBA hires a starting base salary of $168,000. If that wasn’t enough, there is also a performance bonus on offer of up to $42,000, and a relocation bonus of up to $10,000.
MBA hires also get a signing bonus of $25,000.
The highest paying boutique consulting firm is DGCpartners. The company is a technology and management consulting firm with a focus in three key areas: helping ensure companies sustainably implement business and IT transformation; readiness and resilience; and program and project management.
The firm pays incoming MBA hires a huge $180,000, a good $12,000 more per year than second-placed Kearney.
ManagementConsulted’s list of the highest paying boutique consulting firms makes one thing clear: life as an MBA consultant goes way beyond the traditional route into the big three.
If you’re after a highly-paid, performance-driven career, that also allows you to focus on specific areas of expertise or interest, then a career as a consultant at a boutique consulting company is the one for you.
Best boutique consulting firms for compensation