How much can I earn working in consultancy?

Updated September 14, 2021 Updated September 14, 2021

Find out what MBA employers are looking for

From employee benefits to six-figure salaries, there's a lot to be said about careers in consultancy.

QS has released its latest Employer Survey Report 2022 shining a light on the world of work for MBA graduates.

The report takes a closer look at salaries for MBA specialisations, the functions employers are looking for in MBA recruits, hiring outlook, skills and so much more.

This article tells the average salaries offered by employers to MBAs hired in consultancy roles in a number of locations across the globe.

Let’s take a look at the top 10 locations for MBA grads with a specialisation in consultancy under their belt.

Top 10 Locations for Consultant Salaries in 2022
Rank	Location	Salary
1	United Arab Emirates	US$150,000
2	United States	US$127,188
3	Australia	US$119,125
4	Ireland	US$118,048
5	Canada	US$117,337
6	Spain	US$110,070
7	Switzerland	US$106,000
8	Italy	US$102,983
9	France	US$102,093
10	Japan	US$100,000

Consultancy roles continue to be some of the most the most sought-after positions for MBA graduates all around the world.

A large proportion of this year’s top 10 for consultancy salaries are situated in Europe, with the highest-ranked European location (Ireland) offering average salaries of US$118,048 for MBA grads specialising in consultancy.

When taking a look at the number one location, not only does the United Arab Emirates rank the highest in this top 10 with MBAs earning an average salary of US$150,000, but the UAE also tops the financial rankings top 10 average salaries of US$180,000.

Closer look at the top 10

Although Japan finds itself in 10th place, MBA graduates by no means earn a small sum in the world of consultancy, with employees earning an average of US$100,000.

This year, MBA graduates hoping to land a consultancy role in Australia could earn an average salary of US$119,125, coming in at third in this top 10 and therefore beating its position of fourth in the top 10 for finance salaries.

The United States finds itself at second place this year, which is unsurprising given its standing as a financial powerhouse. Although the home of Wall Street, MBA graduates choosing to embark on roles in consultancy will earn an average of US$127,188 – US$10,000 dollars more than the average for those working in finance earning an average of US$117,300.

See the full list of average salaries by MBA specialisation according to the report here.

To find out the best MBA programmes for consultancy specialisations, follow this link for QS MBA by Career Specialization Rankings 2021: Consulting.

If you'd like to find the best business school for you, check out the full QS Global MBA Rankings 2022.

Find out what MBA employers are looking for

This article was originally published in September 2021 . It was last updated in September 2021

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Written by

Niamh Ollerton

Niamh was Deputy Head of Content at QS (TopMBA.com; topuniversities.com), creating and editing content for an international student audience. Having gained her journalism qualification at the Press Association, London and since written for different international publications, she's now enjoying telling the stories of students, alumni, faculty, entrepreneurs and organizations from across the globe.