MBA in Consulting Salary: An MBA in the field of Consulting has the potential to elevate one's career to a much higher level with attractive salary packages. These positions, mostly within management consulting, capture the attention of high achievers because of their mental challenge, variety of projects, and lucrative pay. Also, there are numerous other factors, such as a candidate’s primary educational institution, geographical region, and previous employment, that without a doubt influence salary and job position, as a lot of research tends to suggest.
Students willing to get into these firms need to explore the available information and understand the complete details of the salary structure. This article will help you understand all the important details of taking up an MBA in Consulting as a career.
MBA in Consulting Salary in India 2025
An MBA in Consulting in India can lead to significant salary prospects, though salary varies based on the firm, the tier of the business school, and experience. Candidates with an MBA degree in consulting from top-tier IIMs and other premier institutions can expect starting salaries ranging from ₹15-25 lakhs per annum. Some top firms like McKinsey, BCG, and Bain offer even higher packages, often exceeding ₹30 lakhs CTC for freshers.
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MBA in Consulting Average Salary
An MBA in Consulting can hugely increase your salary prospects, particularly at the best companies. In India, an average consulting MBA graduate gets ₹20–30 LPA, while better packages are offered by companies such as McKinsey, BCG, and Bain. With experience, the experts can even earn over ₹1 crore per annum in senior roles.
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Highest-Paying Jobs After an MBA in Consulting
Post an MBA in Consulting, the best-paying jobs are normally in leading management consulting firms (MBB) as you move to Engagement Manager, Principal, and Partner, earning six to seven-figure total salary. Alternatively, there is good money in corporate strategy, private equity, venture capital, and senior product/program management at high-growth technology companies, using great strategic and problem-solving abilities.
Consulting Role | Estimated Salary (₹ LPA) | Notes |
Management Consultant (MBB) | ₹30–55 LPA | Top firms like McKinsey, BCG, and Bain; salaries vary based on experience and performance. |
Senior Consultant (MBB) | ₹55–80 LPA | Typically achieved after 2–3 years; progression depends on performance. |
Engagement Manager/Principal (MBB) | ₹80 LPA – ₹1 Cr+ | Senior roles with significant responsibility; salaries can exceed ₹1 Cr with bonuses. |
Consultant (Big 4) | ₹20–30 LPA | Firms like Deloitte, PwC, EY, and KPMG; salary varies by role and experience. |
Strategy Consultant (Boutique Firms) | ₹15–25 LPA | Smaller firms; offers vary based on specialization and firm reputation. |
Management Consultant (General) | ₹8–20 LPA | Average range for consultants across various firms in India. |
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MBA Consulting Salary in Top MBA Colleges
Getting high-salary jobs is not an easy feat in the present competitive world, but with hard and smart work together, nothing is impossible. Candidates need to consider the top MBA colleges in Consulting to have a good salary after earning a degree. Below is a table to help candidates know the average salary as per the top colleges.
Rank | Institute Name | Accepted Exams | Average Salary (INR LPA) | Program Fees (INR Lakhs) |
1 | IIM Bangalore | CAT | ₹35.31 | ₹26.3 |
2 | IIM Ahmedabad | CAT | ₹34.45 | ₹26.5 |
3 | ISB Hyderabad | GMAT/CAT | ₹34.21 | ₹49 |
4 | FMS Delhi | CAT | ₹34.1 | ₹2.32 |
5 | SPJIMR Mumbai | CAT/XAT/GMAT | ₹33 | ₹21.62 |
6 | IIM Calcutta | CAT | ₹34.23 | ₹27 |
7 | XLRI Jamshedpur | XAT | ₹29.89 | ₹30.6 |
8 | IIM Lucknow | CAT | ₹32.3 | ₹20.75 |
9 | IIM Kozhikode | CAT | ₹28.05 | ₹20.5 |
10 | MDI Gurgaon | CAT | ₹26.18 | ₹25 |
11 | IIM Indore | CAT | ₹25.68 | ₹21 |
12 | IIFT Delhi | CAT | ₹25.16 | ₹21.77 |
13 | NMIMS Mumbai | NMAT/GMAT | ₹26.63 | ₹24 |
14 | SIBM Pune | SNAP | ₹28.16 | ₹27 |
15 | IIM Mumbai (NITIE) | CAT | ₹34.1 (Top 50%) | ₹21 |
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MBA in Consulting Experience-wise Salary
Consulting remains one of the most sought-after career paths for MBA graduates as well as professionals. With lucrative salaries, global exposure, and rapid career growth, the consulting industry attracts talent from top B-schools and experienced professionals. The table below highlights current salary trends across different experience levels in the consulting sector.
Experience Level | Salary Range (INR LPA) | Remarks |
Freshers | ₹8 – ₹12 LPA | Entry-level roles in consulting firms (e.g., Big 4, Tier 2 consulting) |
Mid-level Professionals | ₹12 – ₹20 LPA | 3–5 years of experience; often in roles like Consultant/Senior Consultant |
Senior-level Professionals | ₹20 – ₹30+ LPA | 5+ years’ experience; roles such as Engagement Manager or Principal |
Top B-School Graduates | ₹25 – ₹35+ LPA | Graduates from IIM A/B/C, ISB, FMS, XLRI, etc.; often placed in top firms |
International Placements | ₹50 LPA – ₹1.15 CPA | Offers from global MBB/Strategy firms with international postings |
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MBA in Consulting Salary in India 2025: Conclusion
Choosing consulting after an MBA is a smart move. It’s a career that pays well and helps you grow fast. The MBA in Consulting Salary attracts many go-getters who want to solve business problems and make big decisions. If you land a job at top firms like McKinsey, BCG, or Bain, or even in Big 4 companies like Deloitte or EY, your starting salary can be over ₹30 LPA. And with time and good performance, it can go above ₹1 Cr. Graduates from top colleges like IIM Ahmedabad, ISB, and FMS get the best offers and quickest promotions.
There’s also a rising demand for people who think smart and solve problems, not just in consulting but also in tech, finance, healthcare, and more. Your MBA in Consulting Salary depends on your skills, your college, and how well you do your job. If you get placed internationally, your package can reach ₹1 Cr or more. With more roles now in boutique firms and company strategy teams, it’s the right time to step into this field. It’s exciting, well-paid, and full of chances to grow fast.
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