18 of the highest-paying consulting firms for MBAs

Even straight out of school, earning an MBA means a healthy salary bump for graduates, especially in lucrative industries like consulting.And with increasing demand for management consultants, elite firms are doling out hefty compensation packages to stay competitive and attract top talent. In fact, at many places, the base pay for MBAs starts at $140,000 ' more than $60,000 higher than the starting salaries that many candidates earn right out of college. On top of that, salaries forthese positions are on the rise, up as much as 5%in the past year.Management Consulted, a company that helps candidates land consulting jobs, compiled the top salaries earned by graduates in their first year out of business schoolat 18 leading consulting firms. To determine these figures, it culled through data from clients, spoke with industry insiders, and pored over real offer letters from readers.It's important to note that these represent maximum salary packages, not average compensation. Typically, only the top employees receive the full amount, with most employees earning significantly less.Read on to see the consulting firms in which MBAs are raking in the big bucks, ranked by total compensation:SEE ALSO:21 US cities where making $100,000 a year isn't enough to put you in the top 20% of earnersDON'T MISS:The 2 biggest money mistakes 30-somethings make18. MercerTotal compensation: up to $137,000Signing bonus: $20,000Base: $95,000Relocation:up to $3,000Performance bonus:up to $19,00017. KalypsoTotal compensation: up to $157,000Signing bonus: $15,000Base: $124,000Relocation:up to $3,000Performance bonus:up to $15,00016. Cognizant Business ConsultingTotal compensation: up to $163,000Signing bonus: $20,000Base: $120,000Relocation:up to $8,000Performance bonus:up to $15,000See the rest of the story at Business Insider
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