Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Case Partners to connect and practice with!
Back to overview

MBB Salary for Southern Europe

Hello community, 

Can you please share some info regarding which are the Business Analyst (McK), Associate Consultant (Bain), Associate (BCG) - so first entry level - salaries for Italy, Spain and Portugal? 

PS: I've already checked on Glassdoor and numbers are contradictory. 

Thanks for your clarifications 

5 Answers
500+ Views
20
Be the first to answer!
Nobody has responded to this question yet.
Top answer
on May 04, 2024
#1 rated MBB & McKinsey Coach

Hi there!

Results are contradictory because the compensation has changed in the last couple of years and different inputs on glassdoor might reflect that. 

As a range, entry level is around 40k. 

On top of that come bonuses (annual, signing, relocation, etc.)

The differences between MBBs in terms of compensation are marginal. Typically, BCG has a slightly higher based and McKinsey has a slightly higher bonus. 

If you're starting soon in consulting, you might also find these interesting:

Best,
Cristian

Hagen
Coach
on May 06, 2024
#1 recommended coach | >95% success rate | most experience in consulting, interviewing, and coaching

Hi there,

I would be happy to share my thoughts on your question:

  • First of all, salary typically ranges somewhere between €40k and €45k.
  • Moreover, I would advise you to reach out to current consultants at your target consulting firms in your target countries and inquire about the compensation package, as well as its potential components base salary, performance bonus, additional benefits, and signing bonus, to know for certain.

You can find more on this topic here: Salaries in the consulting industry.

If you would like a more detailed discussion on how to best prepare for your upcoming interviews, please don't hesitate to contact me directly.

Best,

Hagen

Anonymous B
on May 06, 2024

Mck/BCG/Bain → 40  - 45 k
OW → 45 k 
RB/ATK/Others → 38 - 40k

11
Florian
Coach
on May 06, 2024
1400 5-star reviews across platforms | 500+ offers | Highest-rated case book on Amazon | Uni lecturer in US, Asia, EU

Hi there,

I would say the typical range is 45-50k. For accurate numbers

  • filter only current entries as all firms have significantly raised salaries over the last couple of years
  • check on levels.fyi (in my opinion a better alternative to Glassdoor)

All the best,

Florian

Pedro
Coach
on May 06, 2024
Bain | EY-Parthenon | Private Equity | Market Estimates | Fit Interview

I can't commend on the exact numbers, but would expect Portuguese salaries to be ~20% lower than in Spain and Italy.

Similar Questions
Consulting
Evaluating the Impact of 2-3 Years at MBB on Career Opportunities
on Nov 30, 2023
Global
10 Answers
3.9k Views
Top answer by
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer
151
10 Answers
3.9k Views
+7
Consulting
How important is a 4-5 month discrepancy on a background check?
on Dec 20, 2023
Global
10 Answers
4.9k Views
Top answer by
#1 rated MBB & McKinsey Coach
196
10 Answers
4.9k Views
+7
Consulting
When should I expect to hear back from BCG London?
on Mar 05, 2024
Global
7 Answers
2.7k Views
Top answer by
Dennis
Coach
Roland Berger|Project Manager and Recruiter|7+ years of consulting experience in USA and Europe
116
7 Answers
2.7k Views
+4
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
You are a true consultant! Thank you for consulting us on how to make PrepLounge even better!