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Do you’ve got a ardour for healthcare consulting and need to perceive what a healthcare advisor wage is perhaps? If sure, hold studying! This text will undergo the ins and outs of healthcare consultants’ salaries and evaluate the salaries to generalist consulting companies.
Taking a step again, a profession in healthcare consulting encompasses all the most important elements of a profession in consulting. For instance, it is possible for you to to construct out your crucial considering abilities, your analytical abilities (each quantitative and qualitative evaluation), and shopper administration abilities. As a healthcare advisor, your tasks could have a narrower focus than these of generalist consultants. Particularly, as a healthcare advisor, you’ll solely work inside the healthcare sector, whether or not that be prescribed drugs and life sciences, medical insurance, and healthcare suppliers.
As you advance inside the healthcare consulting agency, you’ll ultimately turn out to be a subject skilled inside a selected area of interest in healthcare. For instance, you is usually a healthcare advisor centered on life sciences technique or a healthcare advisor centered on value-based care. To study extra about what healthcare consulting entails, please see Administration Consulted’s full overview on healthcare consulting right here. You may also learn extra concerning the Administration Consulted’s view of the highest 10 healthcare consulting companies right here.
Hold studying to higher perceive healthcare consultants’ salaries and the way they evaluate to generalist consultants.
How A lot Do Healthcare Consultants Make
When eager about healthcare consultants salaries, it’s useful to have a look at two teams:
- Working as a healthcare advisor at a big, generalist agency (for instance Deloitte, Accenture, McKinsey & Firm, Boston Consulting Group (BCG), and Bain)
- Working as a healthcare advisor at a specialised boutique (for instance Putnam, LEK, ZS Associates, ClearView Healthcare Companions)
For the primary group, salaries for healthcare consultants will typically equal the salaries for generalist consultants. For the second group, salaries at specialised boutiques could also be decrease than salaries for MBB companies. Nonetheless, healthcare boutiques typically pay their consultants at ranges much like tier 2 / tier 3 consulting companies (e.g., Accenture).
The salaries throughout the highest ten healthcare consulting companies are as follows:
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- 1 hour 1:1 Zoom periods with MBB coach of your alternative (consulting or PM focus)
- Digital cross: 550+ circumstances
Boston Consulting Group (BCG) healthcare advisor salaries:
Undergrad:
Base: $110,000
Whole money: As much as $135,000
Publish-MBA:
Base: $190,000
Whole money: As much as $240,000
Administration Consulted’s firm profile right here.
McKinsey & Firm healthcare advisor salaries:
Undergrad:
-
-
- Base: $112,000
- Whole money: As much as $142,000
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Publish-MBA:
-
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- Base: $192,000
- Whole money: As much as $237,000
-
Administration Consulted’s firm profile right here.
Bain healthcare advisor salaries:
Undergrad:
-
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- Base: $112,000
- Whole money: As much as $134,500
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Publish-MBA:
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- Base: $192,000
- Whole money: As much as $255,000
-
Administration Consulted’s firm profile right here.
L.E.Okay. Consulting healthcare advisor salaries:
Undergrad:
-
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- Base: $95,000
- Whole money: As much as $98,000
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Publish-MBA:
-
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- Base: $185,000
- Whole money: As much as $210,000
-
Administration Consulted’s firm profile right here.
ZS Associates healthcare advisor salaries:
Undergrad:
-
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- Base: $90,000
- Whole money: As much as $99,000
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Publish-MBA:
-
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- Base: $175,000
- Whole money: As much as $205,000
-
Administration Consulted’s firm profile right here.
ClearView Healthcare Companions healthcare advisor salaries:
Undergrad:
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- Base: $85,000
- Whole money: As much as $95,000
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Publish-MBA:
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- Base: $115,000
- Whole money: As much as $132,500
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Administration Consulted’s firm profile right here.
IQVIA healthcare advisor salaries:
Undergrad:
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- Base: $90,000
- Whole money: As much as $96,300
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Publish-MBA:
-
-
- Base: $135,000
- Whole money: As much as $162,000
-
Administration Consulted’s firm profile right here.
Deloitte Consulting healthcare advisor salaries:
Undergrad:
-
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- Base: $100,000
- Whole money: As much as $100,000
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Publish-MBA:
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- Base: $175,000
- Whole money: $218,750
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Administration Consulted’s firm profile right here.
Huron healthcare advisor salaries:
Undergrad:
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- Base: $75,000
- Whole money: As much as $82,500
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Publish-MBA:
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- Base: $125,000
- Whole money: As much as $150,000
-
Administration Consulted’s firm profile right here.
Putnam healthcare advisor salaries:
Undergrad:
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- Base: $75,000
- Whole money: As much as $82,500
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Publish-MBA:
-
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- Base: $120,000
- Whole money: As much as $145,000
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Administration Consulted’s firm profile right here.
For a complete overview of healthcare consulting companies’ salaries, please see Management Consulted’s full report here.
Conclusion
Due to this fact, working as a healthcare advisor is a good profession alternative, if you wish to construct out your consulting toolkit and achieve healthcare material experience. You’ll be able to work as a healthcare advisor at a generalist agency (for instance McKinsey, Bain, BCG) or at a specialised healthcare agency (for instance Putnam, ZS, Huron). The salaries for healthcare consultants are highest at MBB companies, with undergrad’s complete comp starting from $130,000 to $140,000. Specialised healthcare consulting companies’ salaries are decrease than MBB consulting companies’ salaries. For instance, undergrad’s complete comp can vary from ~$80,000 to $100,000.
To organize for a healthcare consulting interview with an ex-MBB advisor, please see here.
Extra Studying:
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