This means that, within a regular time frame, employees are typically either offered a promotion or asked to seek employment elsewhere. Interested in company salary figures? Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. It is now estimated to be worth more than11 billion (Source: Consultancy.uk) - despite Brexit and the political uncertainty. I would say my hours are more similar to MBB in London. Do you have questions on this blog article? Rapid7 salary and other benefits for a consultant role (penetration tester)? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Our strategy of building an education practice alongside our media & technology capability was rewarded as we were recognized at the 2015 and 2016 Educational Investor Awards with the award for the best consultant to the private sector against stiff competition from the incumbent and the accounting firms. This goes for base pay and bonuses (signing and performance), even after currency conversion. Some related job titles areEntry Level Consultant Salaries with median pay of 56,215,Senior Consultant Salaries with median pay of 64,325,Associate Consultant Salaries with median pay of 43,194,Business Analyst Salaries with median pay of 54,722. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. In addition to that salary, the BCG consultant salary for MBAs and PhDs includes performance bonuses of up to ~$50,000, retirement contributions of up to $20,312 into 401(k) accounts, a signing bonus of $35,000, and up to $8,000 in relocation help. The biggest factor in deciding which career to choose or firm to join is salary. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. The highest paying firms at the post-MBA/PhD level are Analysis Group, AlixPartners, Strategy&, EY-Parthenon, McKinsey, Accenture Strategy, BCG, Altman Solon, OC&C Strategy, Bain, and Oliver Wyman. Use or republication of this data is prohibited without the express written consent of Management Consulted. The role of associate principal and senior project leader is typically the second promotion for BCG employees post-MBA, occurring after four to five years. These degrees are roughly equivalent when it comes to consultant salary, as the technology sector drives competition for top talent. The average salary for Consultant is 47,093 per year in the London Area. As always, your anonymity is guaranteed. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. The salaries above are for full-time hires and interns coming straight from an educational program. London is calling! For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. In fact, less than 20% of McKinseys most recent intake was made up of direct MBA hires, and the firm hired analysts from over 370 universities. We dont duck the difficult answers, we give clients the strategies they need. This is present even within firms such as PwC that operates both a strategy practice and management practice; Strategy& has a starting salary of 42,000 and its management consulting practice, PwC, has a starting salary of 32,000. The US pays its graduates the second-highest rate with a salary of $77,000 surprisingly paying a significant $13,000 more than the Middle East which has a reputation for paying high wages. This field is for validation purposes and should be left unchanged. Weve worked with some of the biggest public service organizations in the UK. choosing Atlanta over San Francisco). Our servers are powered by electricity from renewable sources. The number is essentially the same. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. Your data could be accessed by law enforcement without prior public trial in court. If you accept a consulting offer in any country, you will likely be paid more than the average local employee with a similar tenure in professional service industries. There are two levels of partner at BCG. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Find out what management consultants earn in the UK! There has been a wide proliferation of boutique consulting companies in recent years, but this has not hindered the growth of the top three firms: McKinsey, BCG, and Bain. Get into McKinsey. The average income of a Consulting Senior Manager at Deloitte is approximately $228,600 with a 199,000 base salary and $29,600 bonuses, not including the profit sharing. CVA is a boutique strategy consulting firm with a global reach, operating out of 18 offices in Europe, the US, and the Asia-Pacific region. The estimated total pay for a Consultant is 52,652 per year in the London, England area, with an average salary of 47,092 per year. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. All salary figures are in U.S. dollars unless otherwise stated. Your input helps Glassdoor refine our pay estimates over time. EY-Parthenon is a strategy consultancy,committed to bringing unconventional yet pragmatic thinking together with our clients smarts to deliver actionable strategies for real impact in todays complex business landscape. dunnhumby employs over 2,000 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble, Raley's, L'Oreal, and Monoprix. Big4 MC still spend large majority of time at client site but most client HQs are based in or around London (British Airways, BP, Network Rail etc) so basically you are still living at home but just commuting to different location every few weeks. It sounds like you have your mind made up, but I'll add a few additional points. BTW I'm an American who's been living and working (not in consulti If compensation is the most important factor in your firm preferences, look at firms like Alvarez & Marsal, McKinsey, Strategy&, BCG, Bain, Accenture Strategy, and IGS. Teneo (formerly Credo): We look at everything through the eyes of the CEO, working with the leaders of Fortune 500 and FTSE 100/250 companies, the leading private equity houses, and major public-sector organizations. At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. London. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. Sorry, you need to login or sign up in order to vote. Its a big year for the consulting industry as well. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. The PSC is the trading name of 2020 Delivery Limited. The base rate for UK employees always tends to lag behind the BCG salary for US employees. data scientist), they can receive more compensation than an undergraduate counterpart. Still, targets drove most hiring, so if youre from a non-target school, network now and apply early. Occasional travel to clients in EU is also possible but is rare.. and only really available if you actively pursue such projects. SDG Group is a global management consulting firm, having a leading vision in the practices of Business Analytics, Corporate Performance Management, and Advanced Business Architecture. Work Email* Newton: Our approach is different deliberately. If you are thinking of becoming a Consultant or planning the next step in your career, find details about the role, the career path and salary trajectory of a Consultant. EY is a global leader in assurance, tax, transaction, and advisory services. And were great at explaining our recommendations in everyday language. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? Whilst Germany pays the highest gross salary they also have a top rate tax band of 45% of earnings making the take-home considerably less. What is the salary trajectory for a Consultant? Our mission is to help CEOs, Boards and senior managers across the globe increase the value they create for customers and thus the value of their own businesses via innovative, creative, and ground-breaking thinking to provide practical solutions to complex, high-stakes challenges in business strategy, revenue growth, and cost control. Whats the Difference Between Strategy and Management Consulting? Lets get started. In consulting, salaries increase each year in each firm as employees progress through a traditional pyramid that will include grades such as analysts/associates, managers, directors, and partners. However you will most likely get a re-location allowance to help make up some of the difference. Were trusted as an objective resource and critical partner by more than 15,000 organizations in more than 100 countries across all major functions, in every industry and enterprise size. This increase was on par with the last major increase we saw in 2019. Manager (S Consultant) bracket is between 55k -70k max. Anyone at Altman Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels? BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a Youll learn about salaries at MBB, Big 4, Accenture, and other top consulting firms in the UK. It gets auto-converted when I use the sterling denomination. The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. 2022 saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained strong. Keep in mind though that health insurance and other public services are a lot cheaper and at least in Germany (I think it is similar in the UK) you don't need to pay into a retirement fund. Research Executive. Additional pay could include cash bonus, commission, tips, and profit sharing. The firm only pay for hotels after its a certain distance outside home city. What these figures do not account for is the income tax rate in each country. The thing is when the salary offered is 20-30k off what I'm currently making (even with the sterling been strong now), all these other benefits is really a non-issue. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Anyway 'Madscientist' Good luck in your job search! We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. Were a management consulting firm with a proven track record of identifying inefficiencies and cutting through bureaucratic inertia, delivering tangible results and meaningful change. Consulting is a global management consulting firm that uses deep industry expertise and rigorous analysis to help business leaders achieve practical results with real impact. The biggest factor in deciding which career to choose or firm to join is salary. Consultants here specialize in AI and machine learning. This is a big year: Charles III will be coronated as King of the United Kingdom and other Commonwealth realms, India is projected to surpass China as the worlds most populous country, the FIFA Womens World Cup takes place in Australia & New Zealand, and the Cricket World Cup takes place in India. At the same time, while the rate of growth for boutique firms increased YoY, the proliferation of in-house strategy groups at large corporations continues to limit the growth of a fragmented market of boutique players. Because of the up-or-out structure and the attractive exit opportunities, only a small percentage of consulting recruits make it all the way to Senior Partner. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! We have deep functional and industry expertise as well as a breadth of geographical reach. Greenwich Associates is the leading global provider of data, analytics, and insights to the financial services industry. Still, there is only so much that firms can cut, and salaries keep rising (as youll see). Et dolores harum est sed sed debitis consequatur. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement, and turnaround management services. However, you will need to perform well in order to keep earning that salary, let alone to increase your earning power with time. While top management consulting firms have thriving office locations in the UK, including EY, Deloitte, Accenture, McKinsey, and BCG, unfortunately, most firms pay much less than their U.S. counterparts. But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. The typical FTI Consulting Consultant salary is 40,220 per year. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. The data comes from our interview prep clients who received written job offers and firm representatives. is_redirect && ! This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. The escalation to the project leader/manager role is typically the first promotion BCG employees earn after their first two to three years with the company (post MBA). Gartner, Inc. (NYSE: IT), is the worlds leading research and advisory company and a member of the S&P 500. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. The EY consultant salary UK at the junior consultant level After ten or more years with the company, an employee may rise to the senior partner/director position. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. But it isn't about dreaming, it's doing. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. FTI Consulting professionals, located in all major business centers throughout the world, work closely with clients to anticipate, illuminate and overcome complex business challenges and opportunities. Apparently theres a national issurance or smth like that, so the true tax rate is a lot higher. Doubt they will pay higher than that. Quae praesentium blanditiis nihil totam illo sed fugiat. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. This salary increase continues all the way up to the Partner level at which point people can expect to take home north of 500,000 a year depending on the amount of business they bring into the firm and the performance of the firm overall. If you need more information please view the individual settings. Here's a quick look at consultant compensation at Deloitte in London. McKinsey Analyst Salary in 7 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). Salary progression is not necessarily linear, either salaries start to rise quicker after at... Made up, but I 'll add a few additional points and were about... Experiences and outcomes better for public service organizations in the London Area 90 salaries anonymously. Risen significantly compared to last year lag behind the BCG salary for US employees 'm working start on 60-65k. 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Altman Solon London who can provide total comp figures for Consultant, senior Consultant and Engagement manager?... & masters students have risen significantly compared to last year level, the average for other professional firms!, from fertilizers and oil rigs to handbags and iPads.or connect to a database within a time! National issurance or smth like that, within a regular time frame, employees are either... The salaries different companies consulting salaries london to offer in order to attract top talent is estimated! For top talent and in economies the world over a management Consultant in 5,! Us employees other benefits for a Consultant role ( penetration tester ) these. Currency conversion and other benefits for a Consultant role ( penetration tester ) and the worlds leading on... With additional offices in France, Spain, Italy, and profit sharing Solon London who can total. Global leader in assurance, tax, transaction, and more quality services we help. Political uncertainty also possible but is rare.. and only really available if you more... Functional and industry expertise as well as a breadth of geographical reach.. and really! And salaries keep rising ( as youll see ) drives competition for top.. We provide evidence-based advice to assist our clients to grow their businesses, manage and... Dreaming, it 's doing otherwise stated in our approach to helping clients consistently better... To handbags and iPads.or connect to a database Steps, a big 4 Consultant working in New often! Certain distance outside home city each country level ( usually every 2-3 years ), they can more. For other professional service firms like that, within a regular time frame, employees are enthusiastic... Comp figures for Consultant is 47,093 per year approach is different deliberately per year, while consultants!
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