How much do business consultants at EY make? A breakdown of EY salary
If you are considering a career as a business consultant at EY or if you are simply curious about the salary potential, this article provides a comprehensive breakdown of how much EY pays its business consultants.
Introduction
Ernst & Young (EY) is a global professional services firm with a reputation for delivering quality advisory, tax, and assurance services to businesses around the world. The company has over 300,000 employees, and its business consultants are highly sought after due to their expertise and industry knowledge.
In this article, we will examine the various factors that affect the salary of an EY business consultant, including their level of experience, academic qualifications, location, and more.
EY Business Consultant Salary: An Overview
Let’s start with an overview of the salary you can expect as an EY business consultant. According to Glassdoor, the average base salary for an EY business consultant in the United States is approximately $79,000. This figure can vary significantly depending on your level of experience and location.
Factors that Affect EY Business Consultant Salary
There are several factors that can influence the salary of an EY business consultant. Here are some of the most important ones to consider:
Level of Experience
The level of experience you have as a business consultant at EY will play a significant role in determining your salary. As you gain more experience and move up the ranks, you can expect to receive higher compensation.
Academic Qualifications
EY places a strong emphasis on academic qualifications, and the more advanced degrees you have, the better your chances of earning a higher salary. For example, a business consultant with an MBA is likely to earn more than one with just a bachelor’s degree.
Geographic Location
The location in which you work can also have a significant impact on your salary. EY pays higher salaries in cities like New York, San Francisco, and Chicago due to the higher cost of living.
Performance
Finally, your individual performance as a business consultant will also play a role in your salary. EY has a performance-based culture and rewards employees who consistently perform at a high level.
Example EY Business Consultant Salaries
To give you a better idea of the salary range you can expect as an EY business consultant, here are some sample salaries based on different levels of experience:
- Entry-Level Business Consultant: $68,000 – $75,000
- Senior Business Consultant: $103,000 – $136,000
- Manager: $133,000 – $193,000
- Director: $195,000 – $275,000
- Partner: $475,000 – $1,000,000+
Conclusion
As you can see, the salary potential for an EY business consultant is significant, and there are several factors that can influence your earnings. If you have the necessary education, experience, and skills, pursuing a career as a business consultant at EY can be an excellent choice. We hope this article has provided you with a clear understanding of the salary you can expect and the various factors that can affect it.
