What Are the Highest Paying Consulting Jobs?

Business school graduates may earn 140% more than their peers, but that doesn't mean you can't make a great salary without an MBA. With the right skills and dedication to a consulting niche, you can make just as much as an MBA graduate. An MBA comes with added confidence, additional training, and other perks that can help you start from scratch in a new field. Strategy consultants have a top-down view of a company and analyze how resources have been allocated, identify new markets, and compare their value with that of their current target markets.

Financial advisory consultants explore how a company can legally and ethically reduce costs, increase cash flow, and reduce risks. They must pass an exam such as the United States Financial Industry Regulatory Authority (FINRA) to obtain the necessary license to work as financial advice consultants. Business growth and lead generation consultants focus on transforming their business by analyzing how resources are allocated, directed to potential customers, and converted. Economic consulting applies to real business, crime, education, law, politics, religion, and war.

Risk and Trust & Pensions consulting is also highly rewarded due to increasing regulatory restrictions on risk management and the closing of tax loopholes. Consulting jobs provide opportunities to develop general and specialized skills and develop them at all stages of a worker's professional career. Although it is clear that consultants earn much less than bankers, many consider that the advantages of working in the consulting sector go beyond covering the wage gap. In fact, many Fortune 500 companies such as McKinsey, Boston Consulting Group and Deloitte hire expert consultants with very high salaries.

The 10 Highest Paying Consulting Companies in Washington DC

Below is the total salary of the 10 companies that pay the most for a consultant in Washington, DC. Employers include Bain & Company, McKinsey & Company and Boston Consulting Group.

• Bain & Company: $150K
• McKinsey & Company: $145K
• Boston Consulting Group: $140K
• Deloitte: $135K
• Accenture: $130K
• KPMG: $125K
• PwC: $120K
• EY: $115K
• Booz Allen Hamilton: $110K
• Navigant Consulting: $105K

Consulting may pay less than banking in the short or medium term, but it's a fantastic way to create a solid professional network and to enter many sectors that seek to solve different problems. It's also a great way to open doors later in life. Tax advisors are hired to minimize tax liabilities without creating a situation where the company could have conflicts with the IRS or another similar tax oversight organization. To face these new challenges, consultants come to the rescue by charging high fees for their services. The intellectual appeal and financial rewards that come with the consulting industry mean that it receives a lot of attention from people of all ages. With the right skills and dedication to a consulting niche, you can make just as much as an MBA graduate.