Real World Consultant Salaries 2024 | How Much Do Consultants Make?

These are the real-world responses from the Consultant Salary Megathread on Reddit and turned it into a Consultant Salary data goldmine for 2023 / 2024. We'll look at:
Average Wages per Firm (MBB, Big 4, T2, Boutique)
Average Bonus per firm
Wage increases in 2024
Wages by location around the world
Wages by Role / Level
Wages by Tenure
Wages by education level.
Reddit thread: Search Reddit for "salary mega-thread 2023 24" in consulting.
Questions we answer:
Is it worth getting an MBA, versus a normal Masters degree?
Which consulting firm pays the most?
What consulting role should I go for?
Is it worth staying X amount of years at the firm?
Which country or location pays the most?
Timestamps:
00:00 The Reddit Salary mega-thread for 2023 24
00:37 Putting Data in Excel and Pivot Tables
01:02 How I cut the data
02:03 Wages by Role / Level
04:41 Wages by Firm type (MBB, Big 4, T2, Boutique)
05:33 Bonuses by Firm type
06:06 Wage increases in 2024
06:45 Consultant Wages by Location
09:55 Consultant Wages by Education Level
11:50 Wages by Tenure (years at firm)
McKinsey & Company, BCG, Bain & Company, KPMG, PWC, EY, Deloitte, Tier 2, Boutique, Big 4, MBB.
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[@sanjana4295]

Dear David,
First of all I would like to thank you for all your valuable videos. You're one of the best out there. I passed my CAPM yesterday and most of my preparation is based on your videos. The question sets you prepared for agile, pmbok 7 edition and waterfall are excellent resources. I really really appreciate your time and effort in making those videos. There are many expensive paid practice tests out there but you provided it for free. That's even more awesome. I wonder how nicely you interact and motivate everyone even if your videos are recorded. It is really nice seeing you here again with this latest video. Hope you are well and happy.
Thank you so much. I wish you were my instructor at school 😄
Take care of yourself and be safe.

[@JayPatel-bo1fu]

Congratulations 🎉 Sanjana for clearing your CAPM Exam!!!
I am finding David’s work immensely valuable as well.

[@anaestereo810]

Now the million dollars question; how do you become a consultant? 😊.

[@alloutabderrahmane5459]

finally we can see you again since long time. u are the best

[@annanguyen7494]

Awesome

[@mekafime]

Thank you for your videos I got PMP certification!! . Should I get Scrum certification?

[@mecallkate]

I enjoyed your videos!! I'm a newbie project manager currently trying to lead a project to consolidate and create a master training document for different teams, different teams already have their own training documents but share some common materials. Any suggestions on what kind of tools or methods I should use to kick off this project please? 😊😊😊

[@manojasati3362]

Hi David, I am a PMP certified wanted good salary job, what I can do for the same.

[@Tullzter]

French Consultants are a little bit sadder than eveyrone else...this same phrase is correct if you remove the word "consultants" lol (and i'm French)

[@JayPatel-bo1fu]

Hello Tullzter,
Why do you think so?