45 MBA Programs That Train Well-Paid Consultants

Consulting jobs offer lucrative pay.

Many MBA graduates flock to the consulting sector after graduation, partly because of the industry’s high salaries. Jobs in this field offer a variety of roles and the ability to work in different industries and locations. According to U.S. News data from 88 business schools that submitted information on 2020 grads’ average salary for consulting and their average salary across all sectors, those working in the consulting field earned about 7.5% more on average. These base salary figures do not include bonuses, such as signing or annual bonuses. Some B-schools whose grads historically have received high pay as consultants did not report salary figures this year. Recent grads at the following 45 business schools earned the most in consulting compared to alumni of other B-schools that reported compensation numbers, with an average base salary of about $136,381.

Brigham Young University (Marriott) (UT)

U.S. News business school rank: 31 (tie)

Full-time acceptance rate (2020): 42.9%

Average salary among all sectors (2020): $108,371

Average consulting salary (2020): $110,909

Learn more about the Marriott School of Business.

George Washington University (DC)

U.S. News business school rank: 53 (tie)

Full-time acceptance rate (2020): 35.8%

Average salary among all sectors (2020): $99,885

Average consulting salary (2020): $111,583

Learn more about the George Washington University School of Business.

University of Pittsburgh (Katz)

U.S. News business school rank: 52

Full-time acceptance rate (2020): 36.6%

Average salary among all sectors (2020): $102,565

Average consulting salary (2020): $112,667

Learn more about the Katz Graduate School of Business.

Pennsylvania State University–University Park (Smeal)

U.S. News business school rank: 33 (tie)

Full-time acceptance rate (2020): 20.1%

Average salary among all sectors (2020): $114,723

Average consulting salary (2020): $112,778

Learn more about the Smeal College of Business.

Ohio State University (Fisher)

U.S. News business school rank: 33 (tie)

Full-time acceptance rate (2020): 40%

Average salary among all sectors (2020): $110,484

Average consulting salary (2020): $114,898

Learn more about the Max M. Fisher College of Business.

University of Georgia (Terry)

U.S. News business school rank: 39 (tie)

Full-time acceptance rate (2020): 37.4%

Average salary among all sectors (2020): $112,396

Average consulting salary (2020): $115,000

Learn more about the Terry College of Business.

University of Rochester (Simon) (NY)

U.S. News business school rank: 33 (tie)

Full-time acceptance rate (2020): 24.5%

Average salary among all sectors (2020): $115,833

Average consulting salary (2020): $115,400

Learn more about Simon Business School.

University of California–Davis

U.S. News business school rank: 53 (tie)

Full-time acceptance rate (2020): 44.3%

Average salary among all sectors (2020): $117,714

Average consulting salary (2020): $115,402

Learn more about the UC–Davis Graduate School of Management.

North Carolina State University (Poole)

U.S. News business school rank: 64 (tie)

Full-time acceptance rate (2020): 49.7%

Average salary among all sectors (2020): $103,499

Average consulting salary (2020): $115,599

Learn more about the Poole College of Management.

Temple University (Fox) (PA)

U.S. News business school rank: 84 (tie)

Full-time acceptance rate (2020): 51.9%

Average salary among all sectors (2020): $95,528

Average consulting salary (2020): $117,542

Learn more about the Richard J. Fox School of Business.

University of Minnesota–Twin Cities (Carlson)

U.S. News business school rank: 28 (tie)

Full-time acceptance rate (2020): 53.8%

Average salary among all sectors (2020): $116,995

Average consulting salary (2020): $124,364

Learn more about the Carlson School of Management.

University of Florida (Warrington)

U.S. News business school rank: 26 (tie)

Full-time acceptance rate (2020): 26.6%

Average salary among all sectors (2020): $109,466

Average consulting salary (2020): $125,700

Learn more about the Warrington College of Business.

Howard University (DC)

U.S. News business school rank: 64 (tie)

Full-time acceptance rate (2020): 39.5%

Average salary among all sectors (2020): $114,654

Average consulting salary (2020): $125,750

Learn more about the Howard University School of Business.

University of Maryland–College Park (Smith)

U.S. News business school rank: 42 (tie)

Full-time acceptance rate (2020): 45.8%

Average salary among all sectors (2020): $115,268

Average consulting salary (2020): $126,400

Learn more about the Robert H. Smith School of Business.

Texas A&M University–College Station (Mays)

U.S. News business school rank: 38

Full-time acceptance rate (2020): 42.3%

Average salary among all sectors (2020): $113,232

Average consulting salary (2020): $127,500

Learn more about Mays Business School.

Washington University in St. Louis (Olin)

U.S. News business school rank: 36 (tie)

Full-time acceptance rate (2020): 47%

Average salary among all sectors (2020): $113,822

Average consulting salary (2020): $128,133

Learn more about Olin Business School.

Southern Methodist University (Cox) (TX)

U.S. News business school rank: 44 (tie)

Full-time acceptance rate (2020): 35.9%

Average salary among all sectors (2020): $106,794

Average consulting salary (2020): $129,000

Learn more about the Cox School of Business.

Michigan State University (Broad)

U.S. News business school rank: 39 (tie)

Full-time acceptance rate (2020): 47%

Average salary among all sectors (2020): $110,311

Average consulting salary (2020): $130,700

Learn more about the Eli Broad Graduate School of Management.

Boston College (Carroll)

U.S. News business school rank: 44 (tie)

Full-time acceptance rate (2020): 58.8%

Average salary among all sectors (2020): $108,659

Average consulting salary (2020): $133,889

Learn more about the Carroll School of Management.

University of Washington (Foster)

U.S. News business school rank: 22

Full-time acceptance rate (2020): 41.3%

Average salary among all sectors (2020): $125,474

Average consulting salary (2020): $135,146

Learn more about the Michael G. Foster School of Business.

University of Notre Dame (Mendoza) (IN)

U.S. News business school rank: 36 (tie)

Full-time acceptance rate (2020): 49%

Average salary among all sectors (2020): $113,149

Average consulting salary (2020): $135,723

Learn more about the Mendoza College of Business.

Indiana University (Kelley)

U.S. News business school rank: 23 (tie)

Full-time acceptance rate (2020): 42.7%

Average salary among all sectors (2020): $120,310

Average consulting salary (2020): $136,086

Learn more about the Kelley School of Business.

University of North Carolina–Chapel Hill (Kenan-Flagler)

U.S. News business school rank: 20

Full-time acceptance rate (2020): 52.5%

Average salary among all sectors (2020): $126,957

Average consulting salary (2020): $139,110

Learn more about Kenan-Flagler Business School.

Rice University (Jones) (TX)

U.S. News business school rank: 25

Full-time acceptance rate (2020): 39.5%

Average salary among all sectors (2020): $123,786

Average consulting salary (2020): $141,818

Learn more about the Jesse H. Jones Graduate School of Business.

Georgia Institute of Technology (Scheller)

U.S. News business school rank: 28 (tie)

Full-time acceptance rate (2020): 37.3%

Average salary among all sectors (2020): $121,045

Average consulting salary (2020): $142,176

Learn more about the Scheller College of Business.

Vanderbilt University (Owen) (TN)

U.S. News business school rank: 23 (tie)

Full-time acceptance rate (2020): 46.3%

Average salary among all sectors (2020): $126,137

Average consulting salary (2020): $143,387

Learn more about the Owen Graduate School of Management.

Yale University (CT)

U.S. News business school rank: 9

Full-time acceptance rate (2020): 29.7%

Average salary among all sectors (2020): $136,710

Average consulting salary (2020): $145,131

Learn more about the Yale School of Management.

Emory University (Goizueta) (GA)

U.S. News business school rank: 26 (tie)

Full-time acceptance rate (2020): 46.1%

Average salary among all sectors (2020): $130,112

Average consulting salary (2020): $145,542

Learn more about Goizueta Business School.

Georgetown University (McDonough) (DC)

U.S. News business school rank: 21

Full-time acceptance rate (2020): 56.9%

Average salary among all sectors (2020): $128,162

Average consulting salary (2020): $145,812

Learn more about the Robert Emmett McDonough School of Business.

University of California–Berkeley (Haas)

U.S. News business school rank: 7 (tie)

Full-time acceptance rate (2020): 23.3%

Average salary among all sectors (2020): $139,423

Average consulting salary (2020): $147,020

Learn more about the Haas School of Business.

University of Texas–Austin (McCombs)

U.S. News business school rank: 18 (tie)

Full-time acceptance rate (2020): 36.9%

Average salary among all sectors (2020): $128,586

Average consulting salary (2020): $147,539

Learn more about the McCombs School of Business.

University of Southern California (Marshall)

U.S. News business school rank: 16 (tie)

Full-time acceptance rate (2020): 24.3%

Average salary among all sectors (2020): $132,844

Average consulting salary (2020): $147,894

Learn more about the Marshall School of Business.

Carnegie Mellon University (Tepper) (PA)

U.S. News business school rank: 16 (tie)

Full-time acceptance rate (2020): 27.7%

Average salary among all sectors (2020): $135,035

Average consulting salary (2020): $148,622

Learn more about the Tepper School of Business.

University of California–Los Angeles (Anderson)

U.S. News business school rank: 18 (tie)

Full-time acceptance rate (2020): 34.4%

Average salary among all sectors (2020): $132,460

Average consulting salary (2020): $150,049

Learn more about the Anderson School of Management.

Northwestern University (Kellogg) (IL)

U.S. News business school rank: 4

Full-time acceptance rate (2020): 27.9%

Average salary among all sectors (2020): $142,857

Average consulting salary (2020): $150,575

Learn more about the Kellogg School of Management.

Columbia University (NY)

U.S. News business school rank: 7 (tie)

Full-time acceptance rate (2020): 13.6%

Average salary among all sectors (2020): $146,334

Average consulting salary (2020): $151,136

Learn more about Columbia Business School.

Harvard University (MA)

U.S. News business school rank: 5 (tie)

Full-time acceptance rate (2020): 9.2%

Average salary among all sectors (2020): $150,776

Average consulting salary (2020): $151,342

Learn more about Harvard Business School.

Duke University (Fuqua) (NC)

U.S. News business school rank: 12

Full-time acceptance rate (2020): 24.9%

Average salary among all sectors (2020): $135,935

Average consulting salary (2020): $151,692

Learn more about the Fuqua School of Business.

University of Michigan–Ann Arbor (Ross)

U.S. News business school rank: 13 (tie)

Full-time acceptance rate (2020): 37%

Average salary among all sectors (2020): $136,679

Average consulting salary (2020): $152,022

Learn more about the Stephen M. Ross School of Business.

New York University (Stern)

U.S. News business school rank: 10 (tie)

Full-time acceptance rate (2020): 29%

Average salary among all sectors (2020): $143,858

Average consulting salary (2020): $152,433

Learn more about the Leonard N. Stern School of Business.

Dartmouth College (Tuck) (NH)

U.S. News business school rank: 10 (tie)

Full-time acceptance rate (2020): 34.8%

Average salary among all sectors (2020): $143,867

Average consulting salary (2020): $155,749

Learn more about the Tuck School of Business.

University of Virginia (Darden)

U.S. News business school rank: 13 (tie)

Full-time acceptance rate (2020): 35.1%

Average salary among all sectors (2020): $139,945

Average consulting salary (2020): $155,997

Learn more about the Darden School of Business.

University of Chicago (Booth)

U.S. News business school rank: 3

Full-time acceptance rate (2020): 27.6%

Average salary among all sectors (2020): $157,098

Average consulting salary (2020): $147,977

Learn more about the Booth School of Business.

Cornell University (Johnson) (NY)

U.S. News business school rank: 15

Full-time acceptance rate (2020): 39.6%

Average salary among all sectors (2020): $138,767

Average consulting salary (2020): $157,337

Learn more about the Samuel Curtis Johnson Graduate School of Management.

Stanford University (CA)

U.S. News business school rank: 1

Full-time acceptance rate (2020): 8.9%

Average consulting salary (2020): $159,544

Average salary among all sectors (2020): $157,497

Learn more about the Stanford Graduate School of Business.

Learn how to identify B-schools that prepare students for consulting careers.

Discover ways to identify MBA programs that often lead to jobs at top consulting firms. Explore the Best Business Schools rankings and learn about the strategy MBA concentration, a type of MBA specialization that aspiring consultants often choose.

Explore the 45 MBA programs with the highest average consulting salaries.

— Stanford University: $157,497

— Cornell University (Johnson): $157,337

— University of Chicago (Booth): $157,098

— University of Virginia (Darden): $155,997

— Dartmouth College (Tuck): $155,749

— New York University (Stern): $152,433

— University of Michigan–Ann Arbor (Ross): $152,022

— Duke University (Fuqua): $151,692

— Harvard University: $151,342

— Columbia University: $151,136

— Northwestern University (Kellogg): $150,575

— University of California–Los Angeles (Anderson): $150,049

— Carnegie Mellon University (Tepper): $148,622

— University of Southern California (Marshall): $147,894

— University of Texas–Austin (McCombs): $147,539

— University of California–Berkeley (Haas): $147,020

— Georgetown University (McDonough): $145,812

— Emory University (Goizueta): $145,542

— Yale University: $145,131

— Vanderbilt University (Owen): $143,387

— Georgia Institute of Technology (Scheller): $142,176

— Rice University (Jones): $141,818

— University of North Carolina–Chapel Hill (Kenan-Flagler): $139,110

— Indiana University (Kelley): $136,086

— University of Notre Dame (Mendoza): $135,723

— University of Washington (Foster): $135,146

— Boston College (Carroll): $133,889

— Michigan State University (Broad): $130,700

— Southern Methodist University (Cox): $129,000

— Washington University in St. Louis (Olin): $128,133

— Texas A&M University–College Station (Mays): $127,500

— University of Maryland–College Park (Smith): $126,400

— Howard University: $125,750

— University of Florida (Warrington): $125,700

— University of Minnesota–Twin Cities (Carlson): $124,364

— Temple University (Fox): $117,542

— North Carolina State University (Poole): $115,599

— University of California–Davis: $115,402

— University of Rochester (Simon): $115,400

— University of Georgia (Terry): $115,000

— Ohio State University (Fisher): $114,898

— Pennsylvania State University–University Park (Smeal): $112,778

— University of Pittsburgh (Katz): $112,667

— George Washington University: $111,583

— Brigham Young University (Marriott): $110,909

More from U.S. News

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45 MBA Programs That Train Well-Paid Consultants originally appeared on usnews.com

Update 07/08/21: This slideshow has been updated to reflect ranks and data from the 2022 U.S. News Best Business Schools rankings.

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This content was republished with permission from CNN.

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