13 consulting firms where you can earn more than $200,000 right out of business school

Lane Oatey/Blue Jean Images/Getty Images

Business school grads earn high salaries.

• For a recent MBA grad, a $170,000 entry-level base pay isn't too out of reach, according to the latest salaries report by Management Consulted, a company that helps graduates land consulting jobs.
• Top consulting firms are increasing compensation packages to over $200,000 to compete for talent.
• Drawing from Management Consulted's data, Business Insider compiled a ranked list of the 20 highest-paying firms for MBA graduates.
• PwC, Bain & Company, and McKinsey & Company are among the top firms offering high salaries.
• Click here for more BI Prime stories.

Management consultants can make six-figure salaries right after graduating from business school, and their compensation package is only going to get better.

A recent MBA graduate can make up to a $170,000 base salary in consulting, according to the latest salaries report from Management Consulted, a careers resource company that helps graduates land consulting jobs. The data is directly pulled from Management Consulted's users who have received job offers. Management Consulted declined to give the exact number of salaries used to compile the data.

Namaan Mian, director of operations at Management Consulted, told Business Insider that the 2020 report shows a big jump in MBA entry-level base pay at top firms. This is due to the growing competition between firms, big tech, and banking industries for top consulting talent, he said.

"We saw a shift toward incredible increases in base salaries last year, and it played out more this year," he said. "The war for talent is not just in consulting, but also in banking and tech industries."

Put simply, management consultants are in high demand, and employers are willing to pay big bucks for the best of the best.

Business Insider has compiled a ranking of the highest-paying firms for MBA grads based off of salaries. The potential total compensation includes the base salary, signing bonus, performance bonus, and compensation for relocation. Click here for Management Consulted's salary breakdowns.

Here are the 13 highest-paying firms for MBA grads, ranked lowest to highest.