Charles Aris Publishes New Strategy Consulting Compensation Studies

Charles Aris recently published two new editions of its industry-leading compensation studies: The 2023 Strategy Consulting Compensation Study and the 2023 Former Consultant Compensation Study.

As one of the 30 largest executive search firms in the United States, Charles Aris has received ongoing feedback that these reports serve as useful benchmarking tools for strategy executives who are either hiring for their team or pursuing new opportunities.

“We consistently hear from candidates and clients alike on how invaluable this information is to them as they think about their own careers and compensation, as well as how they structure compensation and hire for their own teams,” says Jody Bischoff, a vice president and strategy practice leader at Charles Aris.

The firm collected the information for these studies through a voluntary and anonymous survey conducted in the second half of 2022. Roughly two-thirds of the survey’s respondents self-identified as consultants from one of “The Big Three” firms: The Boston Consulting Group, Bain & Company or McKinsey & Company.

An interesting data point included in the 2023 Strategy Consulting Compensation Study shows that post-MBA strategy consultants experienced a 12.6% increase in compensation from 2021 to 2022, while pre-MBA consultants saw an increase of 11.6%. These increases are more in line with historic growth rates as opposed to the larger increases we saw from 2020 to 2021.

The Charles Aris Strategy Practice has placed over 1,200 consultants from the top-tier strategy firms into corporate America, private equity and asset management organizations since its inception in 2003. This year, the practice will celebrate its 20th anniversary.

Click here to view the strategy compensation studies: compensation-studies/.

About Charles Aris
Charles Aris quickly identifies and delivers world-class leaders who are qualified, available and interested in enhancing your organization. Over the past 10 years, we’ve achieved an interview-to-hire ratio of 3.09:1 and a three-year candidate retention rate of 81%. Visit to learn more.

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