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I run the finance department at a small marketing consulting company. As our company works on some management consulting assignments, I was curious about the kind of hourly rates used by mgt consulting companies to determine their project costs. Does anyone know what kind of hourly rates are used for the following positions/levels?
Partner (rain maker):
Principal (same as Senior Associate, plus additional years of consulting experience):
Senior Associate (same as Assocaite + 2 to 5 years of additional consulting experience):
Associate (MBA degree, usually ~5 years of pre-MBA experience, and 1-3 years of management consulting experience):
Thank you!!
Hae-young