
Analysis Group is an economic and litigation consulting firm, not a strategy firm, and its pay structure follows from that. The ladder has two separate front doors: undergraduates enter as Analysts near $97,000, while PhDs, JDs and MBAs enter several rungs higher as Associates near $230,000. The signing bonus at that second door is unusually large and the annual bonus unusually small, which is a deliberate structure for recruiting economists away from academia.
Analysis Group was founded in 1981 and runs a much smaller international footprint than the strategy firms on this site, with the large majority of its people in North America. Boston is the headquarters and the deepest reported market.
Analysis Group is an economic and litigation consulting firm founded in 1981, with most of its staff holding advanced degrees in economics, law, finance or accounting. It is not a strategy firm, and four things about its pay follow directly from that.
Undergraduates enter as Analysts. PhDs, JDs and MBAs enter as Associates, which is two rungs higher. The gap between them is roughly $133,000 in first-year total compensation, which is the widest entry-point spread of any firm on this site. The Analyst route is not a slower path to the same place either: most Analysts spend two to three years at the firm and then leave for graduate school, often returning as Associates afterward. If you are comparing an Analysis Group offer against a strategy firm, the first question is which door you are being offered, because the two numbers are not variations on each other.
At the Associate level the compensation structure inverts the usual consulting pattern. Signing bonuses are large and annual bonuses are comparatively small, where a strategy firm would do the reverse. The firm is recruiting economists away from academic offers, not away from McKinsey. A large cash payment at signing is what moves a newly minted PhD choosing between a tenure-track position and consulting, and once someone is in the industry the academic option effectively closes, so the firm no longer needs to pay a retention premium through the annual cycle. Practitioner discussion also indicates the Associate base is genuinely negotiable, with reports of starting figures around $165,000 moving upward, which is unusual in an industry built on cohort-wide bands.
On most Analysis Group engagements the testifying expert is an affiliated academic rather than a firm employee. That shapes the job at every level: the firm's people build the analysis that an outside professor will defend under cross-examination. It also shapes the pay ladder, because the intellectual credit and much of the client relationship are shared with someone outside the partnership. Compare this to a strategy firm where the partner is both the seller and the authority, and you can see why the senior levels here are compensated on a different curve.
Comparably reports an $84,918 average and Wall Street Oasis a $100,500 average total. Both are firm-wide figures pooling administrative and support staff with a consultant population that skews junior, and neither describes what an Associate or Vice President earns. Levels.fyi's $178,890 firm-wide median and $200,000 management consultant median are much closer to the professional track. The Glassdoor ceiling of $241,323 for Vice President is a base salary, not a total, and it is also the top of the entire reported Glassdoor range, which tells you how little public data exists above that level.
Total compensation at both entry points and at Vice President, in local currency. The office list is short because the firm's footprint genuinely is.
| Office | Analyst | Associate | Vice President | Evidence |
|---|---|---|---|---|
| United States | $97,000 | $230,000 | $331,000 | Reported |
| Canada | C$77,500 | C$184,000 | C$265,000 | Indexed |
| United Kingdom | £48,500 | £115,000 | £165,500 | Partly reported |
| France | €48,500 | €115,000 | €165,500 | Indexed |
| Belgium | €48,500 | €115,000 | €165,500 | Indexed |
| China | ¥630,500 | ¥1,495,000 | ¥2,151,500 | Indexed |
Only the US row rests on real submission volume, and within it Boston alone accounts for 1,220 of the 2,426 Glassdoor submissions, so the US figures are effectively Boston figures with a Washington DC premium layered on top. Every other row is indexed from the US ladder. Brussels in particular is a small, specialised office serving European Commission competition work, and its economics may differ from a straight index of the US ladder more than the table suggests.
US total first-year compensation at both entry points. The comparison only works if you match the door rather than the year of graduation.
| Firm | Undergraduate entry | Advanced degree entry | Type of work |
|---|---|---|---|
| McKinsey | $135,000 | $262,000 | Corporate strategy |
| Analysis Group | $97,000 | $230,000 | Economic and litigation |
| Kearney | $111,000 | $233,000 | Strategy and operations |
| Deloitte Consulting | $102,000 | $220,000 | Big 4 core |
| Simon-Kucher | $93,000 | $136,000 | Pricing specialist |
Analysis Group is behind at the undergraduate door and competitive at the advanced degree door, which is the opposite shape from most specialist firms. The Analyst figure trails every strategy firm here, and the honest framing is that the Analyst role is a two-to-three year pre-graduate-school position rather than the start of a partner track. The Associate figure sits within a few percent of Kearney and above core Deloitte, which is a strong outcome for a firm most strategy candidates have never considered. What the table cannot show is that the Associate role requires a PhD, JD or MBA, so the two columns are not open to the same person at the same moment. See the McKinsey, Kearney and Simon-Kucher pages for those ladders.
Worth saying plainly: our drills are built for management consulting case interviews, and Analysis Group interviews are not that. Expect quantitative reasoning, applied econometrics or statistics depending on your background, and a strong emphasis on explaining technical work clearly to a non-technical audience. The material below builds transferable skills, not a firm-specific simulation.
Analysis Group publishes no salary bands and is privately held. The junior levels are well covered by crowdsourced data; above Vice President there is effectively nothing, and we say so rather than filling the gap with a confident number.
Two figures we have deliberately excluded from the headline. Comparably's $84,918 average and Wall Street Oasis's $100,500 average total are firm-wide numbers that pool administrative and support staff with a junior-weighted consultant population. Neither describes an Associate or a Vice President. Zippia's $105,991 average sits between them and has the same problem. If a figure you find elsewhere is under about $110,000 and described as an Analysis Group salary, it is almost certainly a firm-wide average rather than a consultant one.
It depends entirely on which door you enter. An undergraduate Analyst earns roughly $82,000 base plus a bonus near $10,000 and a signing bonus around $5,000, for total first-year compensation near $97,000. An Associate entering with a PhD, JD or MBA earns roughly $180,000 base plus a large signing bonus, for total first-year compensation near $230,000. The gap between the two doors is about $133,000.
Analyst, Senior Analyst, Associate, Manager, Vice President, then Principal or Managing Principal. Undergraduates start at Analyst; candidates with an advanced degree are hired directly as Associates, skipping the first two rungs. Most Analysts spend two to three years at the firm before leaving for graduate school, sometimes returning afterward at the Associate level.
Because it recruits against academia rather than against consulting. A large cash payment at signing is what moves a newly minted economics PhD choosing between a tenure-track position and consulting. Once someone is in the industry, the academic option effectively closes, so the firm does not need to pay the same retention premium through the annual bonus cycle. Strategy firms, competing against each other, do the reverse.
More than at most consulting firms, at least at the Associate level. Practitioner accounts describe starting bases around $165,000 moving upward with negotiation, which is unusual in an industry built on cohort-wide bands. That flexibility exists because advanced degree hires arrive with genuinely different outside options, from academic offers to other economic consulting firms. Undergraduate Analyst offers are more standardised.
No. It is an economic and litigation consulting firm, working on antitrust, damages, regulatory and competition matters for law firms, government agencies and corporations. The work is econometric and evidentiary rather than strategic, and on most engagements the testifying expert is an affiliated academic rather than a firm employee. The skillset you build is genuinely different from what a strategy firm develops.
Because several widely quoted figures are firm-wide averages that pool administrative and support staff with a consultant population weighted toward junior levels. Comparably reports $84,918, Wall Street Oasis $100,500 and Zippia $105,991. Levels.fyi's $178,890 firm-wide median and $200,000 management consultant median are much closer to the professional track. If a figure is under about $110,000, it is almost certainly not a consultant number.
Not a management consulting case interview. Expect quantitative reasoning, applied econometrics or statistics scaled to your background, and a strong emphasis on explaining technical work clearly to a non-technical audience, which is the core skill on engagements where an outside expert defends your analysis. Preparation built purely on strategy case frameworks will not cover the technical half.