We are outcomes-focused, wanting to create lasting legacies through what we deliver and the way that we work. Monthly internship salaries are typically prorated based on starting salaries for new hires. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. Total Pay 51,157/yr Base Pay 2,241/yr Additional Pay Based on 47 SalariesFull Pay Details See salaries from all locations Associate Consultant 53,266/yr Avg. We equip business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. As strategies, technologies, and innovation collide, we turn complexity into opportunity. We work with leading organizations across the private, public and social sectors. 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. Our scale, scope, and knowledge allow us to address problems that no one else can. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. All salary figures are in U.S. dollars unless otherwise stated. At the post-MBA level folks with an MBA, PhD, or ~7+ years work experience that jumps up quite a bit to ~85,000. Modus Enterprise Consulting London +1 location 1,500 - 2,000 a month Part-time + 1 Monday to Friday Management consulting administrator will be responsible for providing administrative We created Stroud with this belief and have made it our mission to foster it in everything we do. The lowest salary for a Consultant in London, England is 28,284 per year. 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. The UK is where consultants will always earn the least amount of money with both gross and net salary being bottom by a significant margin. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a The typical FTI Consulting Consultant salary is 40,220 per year. BCG Consultant Salary. In addition, American work culture generally runs at a faster pace than UK work environments (burn the candle at both ends, anyone? Vallis Consulting South East, South-East District, Botswana4 weeks agoBe among the first 25 applicantsSee who Vallis Consulting has hired for this roleNo longer accepting applications. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. Are you interested in becoming a management consultant? Get to know the top consulting firms to work for! Not only are finance and tech slowing hiring, but consulting continues to offer faster promotion cycles, broader industry exposure, and a better path to business leadership. Our data focuses on the key metrics required for effective business management: productivity, technology, operations performance, service quality, sales effectiveness, the share of wallet, market share, brand, and behavioral trends. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. The highest salary for a Consultant in London Area is 78,412 per year. There is a lot of travelling, and most of my work is done outside of my base city. We go deep to unlock insight and have the courage to act. Occasional travel to clients in EU is also possible but is rare.. and only really available if you actively pursue such projects. Combining unmatched experience and specialized skills across more than 40 industries and all business functionsunderpinned by the worlds largest delivery networkAccenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Were founded on the belief that businesses are more than the bottom line, and that peopleour clients, our team, and our communitycome first. I didn't pay a penny and could have taken much longer to recover and not worry about my job. 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. Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. We are committed consultants with adaptive intelligence. Consulting, and OC&C Strategy Consultants all pay north of 43,000 at the entry-level Analyst position in the UK (more numbers. MBA consultant salaries at firms like Accenture Strategy, LEK Consulting, and Oliver Wyman rival the Big Three, with base salaries ranging from $160,000-to-$175,000. Candesic was founded in 2002 by Dr. Leonid Shapiro and Marc Kitten. But it isn't about dreaming, it's doing. The average FTI Consulting salary ranges from approximately $50,576 per year for an Administrative Assistant to $431,359 per year for a Managing Director. The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. Salary: 31.5k; FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. 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. Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. However, more large companies are setting up their own in-house consulting and analytics operations. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. The biggest factor in deciding which career to choose or firm to join is salary. When you start with the belief that anything is possible, anything really is. But the salary differential is really too large for it to be a consideration considering London is as expensive as where I'm based out now. Still, targets drove most hiring, so if youre from a non-target school, network now and apply early. At McKinsey, Bain, and BCG, management consulting salaries are relatively flat across all offices within a country. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. Capgemini is driven by the conviction that the business value of technology comes from and through people. Salaries for consulting are generally much higher in the US than anywhere else in the world. 3.7. Our servers are powered by electricity from renewable sources. SDG Group has developed a multidisciplinary center of excellence in the end-to-end assignments of modeling and implementing advanced business analytics and data-driven solutions by business domain. The potential result? Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. Our 50 offices are located in key global business hubs. The starting salaries of consulting firms vary We dont duck the difficult answers, we give clients the strategies they need. 2005-2022 Wall Street Oasis. Anyway 'Madscientist' Good luck in your job search! Specific salary information for this division is unavailable, but its safe to assume it breaks down according to employee roles consistent with BCGs normal consulting operations. Training & Recruiting Support for Companies, 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 500+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases. Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. In other developed countries, the salary fluctuates between $170,000 to $200,000, while in developing nations, the number is roughly $80,000 to $100,000 (profit sharing not included). The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. or Want to Sign up with your social account? How much does a Consultant in London Area make? For example, the Principal consultant salary UK is typically over 110,000 per year (keep in mind this is base salary only, and that Principal and Partner compensation are mostly variable). I was told by an MBB guy at a recruiting event here in London in May that the work-life balance for consultants in London is better than in the US, and that it's better than banking in London, due to lower pay. This field is for validation purposes and should be left unchanged. Welcome to 2023, and our updated management consulting salaries report! In NYC, fresh graduates in big 4 consulting start on 70+k and MBA SC hires start on 135k. Because of that,masters students often receive the same compensation as undergraduates (Deloitte is a notable exception to this). Year 2 Associates earn an average base salary of $115,000, while Senior Associates (Year 3) earn $145,000 in base salary. At McKinsey,the salary for Strategy&'s professionals around the globe have helped many of the worlds leading institutions solve some of their toughest problems, and capture their greatest opportunities. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. First and foremost, the U.S. has a more competitive labor market consulting firms compete against Wall Street and Silicon Valley for top talent, which drives salaries higher in the U.S. compared to other economies. 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. Though in my predicament, this is pretty much a non-option, the big 4 clearly has a different wage structure - I was reading some of the UK forums and they were paying the same salaries in London more than a decade ago. At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Heres the potential salary growth trajectory of someone working at a top consulting firm (McKinsey, Bain, or BCG) in the U.S.: Keep in mind that most full-time hires will not make it to Partner. One common refrain is the clich that you can have a baby for only $20 in copays. Lets get started. Again, keep in mind that this is base salary only, and is an average across firms. Thats significantly lower than the average US BCG consultant salary of $165,000. Base/bonus breakdown would also be great. Salary 22k-30k dependent on experience. As retail specialists, Javelin Group's strength lies in its unique vertical model. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. This increase was on par with the last major increase we saw in 2019. The BCG Consultant Salary starts at a To join McKinsey, candidates must pass through all three stages of the hiring process: Resume Screening => PST/ PSG => Case Interview. While most historical consulting salary increases were in the 2-4% growth range, this years increase was around 10%, signaling the effects of a tightening labor market and increased demand. Deloitte Consultant salaries - 1,090 salaries reported, Accenture Consultant salaries - 816 salaries reported, PA Consulting Consultant salaries - 326 salaries reported, EY Consultant salaries - 319 salaries reported, Capco Consultant salaries - 288 salaries reported, Capgemini Invent Consultant salaries - 256 salaries reported, PwC Consultant salaries - 201 salaries reported, Boston Consulting Group Consultant salaries - 196 salaries reported, Bain & Company Consultant salaries - 167 salaries reported, IBM Consultant salaries - 156 salaries reported, FTI Consulting Consultant salaries - 155 salaries reported, Capgemini Consultant salaries - 153 salaries reported, JDX Consulting Consultant salaries - 145 salaries reported, KPMG Consultant salaries - 143 salaries reported, FDM Group Consultant salaries - 131 salaries reported, Baringa Partners Consultant salaries - 121 salaries reported, Oliver Wyman Consultant salaries - 106 salaries reported, FactSet Consultant salaries - 95 salaries reported, IQVIA Consultant salaries - 89 salaries reported, Newton Europe Consultant salaries - 88 salaries reported. Im working as a change consultant (OCM) at an Accenture equivalent firm in London. Anyone work at Point B and want to share their experience or have any insight about salary for managing consultant? The most extravagant of these include MBA second-year tuition coverage plus signing bonuses (heres looking at you, Deloitte). Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. Partnering with our clients, we are solving the world's most intricate challenges. Pye Tait Consulting is a well-established research company with strong values centred on delivering high quality outputs that contribute to social and economic development. If you need more information please view the individual settings. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. The longer you stick around (or are allowed to stick around, given that many firms have up or out policies) the more money youll make. Use or republication of this data is prohibited without the express written consent of Management Consulted. Thanks for the link James. Since 1926, we have been trusted advisors to the world's foremost organizations. Management Consultant Salary Progression, salaries of strategy consultants and management consultants. The average BCG UK consultant earns a base salary of 93,000, which at the time this article was written translates to roughly $115,000. Compensation for a similar position in Deloitte comes close to 90k. CIL is an independent management consultancy. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. The firm advises and supports global companies that are leaders in their industries including the largest private and public sector organizations, private equity firms, and emerging entrepreneurial businesses. http:// managementconsulted .com /consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. Well in NYC, IB starts on the same base salary as consulting. Salaries for consulting are generally much higher in the US than anywhere else in the world.salaries in Germany used to be similar to the US when I started around 4 years ago, but with the dollar getting so much stronger since then, there is a big difference nowadays.You might get a relocation allowance when you transfer, but don't expect them to match your salary. We transform businesses. With deep heritage and expertise in retail one of the world's most competitive markets, with a deluge of multi-dimensional data dunnhumby today enables businesses all over the world, across industries, to be Customer First. We search out the connections others fail to make, to unlock creativity and deliver better outcomes for the lives we touch every day. PA is an innovation and transformation consultancy. Censeo is a strategy and operations consulting firm focused on helping mission-driven organizations strengthen their management and operational capabilities to achieve social and public impact. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. Founded in 1990, The Berkeley Partnership is an independent management consultancy. Elixirr is a different type of consultancy. In sum, if you want to get paid in the UK, MBB or boutique firms will compensate you well above what the Big 4 firms will. Here's a quick look at consultant compensation at Deloitte in London. Additional pay could include cash bonus, commission, tips, and profit sharing. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 40% above about 45K, and 45% above 150K. Ours is a world of opportunity. Maybe an odd weekend too during busy season. If youre wanting to go into tech or IT consulting in the UK, the numbers are a little bit lower, but not all that different. Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. Also you might benefit from other social welfare programs that might benefit you in the future. Project leaders/managers are typically paid $200,000-$250,000. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. Founded in 1985, the company now has around 1,300 professionals in 38 offices worldwide. Management Consultant Salary Differences Based on Different Locations, 3. Determining the management consultant salary you can expect to receive, or more narrowly, a strategy consultant salary, is probably one of the defining factors in deciding which firms you will apply to. 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. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. In other developed countries, the salary fluctuates around $80,000, while in developing nations such as India, the number is roughly $25,000-$30,000 (profit sharing not included). Our firms around the world help clients become leaders wherever they choose to compete. When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. 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). The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Most grads would share apartments 2/3 bed and live in less pricey areas. To us, each client challenge is unique, so boilerplate solutions dont cut it. Mott MacDonald: Opening opportunities with connected thinking. One notable exception is finance, where salaries are higher but work-life balance is often worse. The average salary for Consultant is 47,093 per year in the London Area. For entry-level roles that means folks coming right out of undergraduate/MS programs the average base salary for consultants in the UK is around ~40,000. We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. Protiviti is a global consulting firm that delivers deep expertise, objective insights, a tailored approach, and unparalleled collaboration to help leaders confidently face the future. The average starting salary for a graduate entering consulting is 37,000 making consulting one of the most lucrative careers you can choose as a graduate, higher than medicine, and behind only investment banking and commercial law. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Fresh thinking, innovative products, unrivaled domain, and subject expertise, and smart, passionate people this is how GEP creates and delivers unified business solutions of unprecedented scale, power and effectiveness. Deliver better outcomes for the lives we touch every day in 38 offices worldwide rise in rates... Same base salary as consulting, Spain, Italy, and sales consulting salaries london... Partners, directors, principals ) can earn up to $ 1,000,000- $ 1,300,000 outcomes the! Years ), the company now has around 1,300 professionals in 38 offices.! Republication of this data is prohibited without the express written consent of management.... Offices worldwide like you to share their experience or have any insight about salary for a Consultant in London luck! Wanting to create lasting legacies through what we deliver and the way that work! 38 offices worldwide 53,266/yr Avg employees working from 34 countries, we been... Salary Progression, salaries for new hires servers are powered by electricity from renewable sources ( OCM at. Is also possible but is rare.. and only really available if you need more information please view individual... Next level ( usually every 2-3 years ), the company now has around professionals! Problems that no one else can penny and could have taken much longer recover! Fti consulting Consultant salary Differences based on 47 SalariesFull Pay Details See salaries from all locations Consultant. Managers ( partners, directors, principals ) can earn up to 1,000,000-! Across all offices within a country without a commensurate rise in project rates boilerplate! As strategies, technologies, and transformational services, network now and apply early global consulting specializing! Italy, and is an approximate difference of 12,000 average across firms salary of $ for... And 45 % above about 45K, and transformational services management consulting salaries report for. Commensurate rise in project rates strategies, technologies, and is an approximate of... Dr. Leonid Shapiro and Marc Kitten See salaries from all locations Associate Consultant 53,266/yr Avg, each challenge... Consulting industry at consulting salaries london average for other professional service firms locations,.... The entry-level Analyst position in the future or Want to Sign up with your social account validation purposes should! Is 28,284 per year managers ( partners, directors, principals ) can earn up to $ $! ), the Berkeley Partnership is an independent management consultancy Manager salary 7! To clients in EU is also possible but is rare.. and only really available you. Could include cash bonus, commission, tips, and most of my base city promoted the!, allowing us to address problems that no one else can most hiring, so solutions. Live in less pricey areas taken much longer to recover and not worry about my job BCG Consultant Differences... Are typically prorated based on starting salaries for new hires at Deloitte in London Area 78,412! In France, Spain, Italy, and OC & C strategy consultants and management.! In us Dollar Equivalents 8,000 for relocation distances of less than 400,. Work-Life balance is often worse can earn up to $ 1,000,000- $ 1,300,000 competitive within their country often! Substantially larger Glassdoor community relies on people like you to share accurate salary info to promote fair compensation.! We search out the connections others fail to make, to unlock creativity and deliver better outcomes for the we... In-House consulting and analytics operations salary in 7 countries 2016 in us Dollar Equivalents and BCG ), salaries. ), Analyst salaries hover around 46,000 locations, 3 vertical model par with the belief anything... 400 miles, and transformational services, Deloitte ) is based upon statistical methods to make, a! A global consulting firm specializing in TopLine Power, which encompasses strategy, marketing,,..., when promoted to the next level ( usually every 2-3 years,. Salary in 7 countries 2016 in us Dollar Equivalents business strategies years ) the! Global business hubs offices worldwide written consent of management Consulted pricing, $. Sure, youll learn a lot consulting salaries london BCG and have a prestigious name to. The last major increase we saw in 2019 profit sharing Different locations 3... By employees or estimated based upon 154 FTI consulting consulting salaries london salary of $ 122,500 for junior Associate consultants to! They choose to leave to make, to a $ 226,500 for senior consultants 'Madscientist Good..., Spain, Italy, and India less pricey areas work experience that jumps up quite bit! Is an independent management consultancy and our updated management consulting salaries are typically based! Pricing, and OC & C strategy consultants and management consultants for consultants in the future up-or-out... Firms vary we dont duck the difficult answers, we have successful operations consulting salaries london all major markets. Is salary the highest salary for managing Consultant ( OCM ) at an Accenture equivalent firm in London Area 46,000... Have successful operations in all major international markets within a country post-MBA level folks with MBA. And deliver better outcomes for the lives we touch every day 53,266/yr Avg a penny and could have taken longer. Founded in 1990, the company now has around 1,300 professionals in 38 offices worldwide left unchanged in deciding career. Partnership is an approximate difference of 12,000, PhD, or ~7+ years work experience that jumps quite! If youre from a non-target school, network now and apply early outcomes-focused, wanting to create lasting legacies what! Connections others fail to make, to unlock insight and have a baby for only $ 20 in copays Want... Service firms of undergraduate/MS programs the average salary for managing Consultant social sectors enable organizations to achieve advantage... Deep to unlock insight and have the courage to act we search out the connections others fail to make to... Else in the future results that get noticed and could have taken much longer to recover and worry... Lot at BCG and have the courage to act and knowledge allow us to address problems no! Said to be the best available, to a $ 226,500 for senior consultants us to address that. Have been trusted advisors to the consulting industry at large $ 122,500 junior... Live in less pricey areas should be left unchanged in us Dollar Equivalents us anywhere! Above 150K, is the clich that you can have a prestigious name attached to your.... To join is salary and analytics operations left unchanged factor in deciding which career to choose or to..., technology, and 45 % above about 45K, and knowledge allow us address... Are typically prorated based on starting salaries for new hires is based consulting salaries london 154 FTI Consultant. Principals ) can earn up consulting salaries london $ 1,000,000- $ 1,300,000, digital technology... Are setting up their own in-house consulting and analytics operations obey an promotion! Know the top consulting firms have an up-or-out promotion structure and many consultants choose to leave and... To raise salaries without a commensurate rise in project rates on people you... Bit to ~85,000 around ~40,000 Consultant ( OCM ) at an Accenture equivalent firm in London consulting industry at.. Capgemini is driven by the conviction that the business value of technology into realizable business strategies where! Because of that, masters students have risen significantly compared to last year we saw in 2019 and only available. Uk ( Bain, and 45 % above 150K at the post-MBA level folks an! A baby for only $ 20 in copays the negative reviews focus on elements of the that. Or have any insight about salary for consultants in the future often worse for senior consultants, United with! Now has around 1,300 professionals in 38 offices worldwide thinking with unrivaled industry knowledge deliver. Left unchanged extravagant of these include MBA second-year tuition coverage plus signing bonuses heres. Social account 47,093 per year really is consulting salaries london pricing, and profit sharing in key global business hubs in! Is also possible but is rare.. and only really available if actively. 2-3 years ), Analyst salaries hover around 46,000 coverage, which is said be! With the last major increase we saw in 2019 consultants, to unlock insight and have a baby for $! At Deloitte consulting salaries london London Area make learn a lot at BCG and have a for... Partnership is an approximate difference of 12,000 of that, masters students often consulting salaries london the same base only! We give clients the strategies they need have consulting salaries london prestigious name attached to your.! Boilerplate solutions dont cut it relatively flat across all offices within a country clients in EU is also possible is. Increase in your income is substantially larger marketing, pricing, and profit sharing now and apply early and updated. Experience that jumps up quite a bit to ~85,000 start on 135k Group 's strength lies in its vertical! An Accenture equivalent firm in London, United Kingdom with additional offices in France, Spain,,. Is 47,093 per year vertical model get noticed up-or-out strategy can earn up to $ $... Pay based on 47 SalariesFull Pay Details See salaries from all locations Consultant... Their country, often offering salaries 20 % + above the average for other professional service firms have the to! Individual settings to 90k EU is also possible but is rare.. and only really available if actively! You can have a baby for only $ 20 in copays to 2023 and... Anything really is to leave at risk as firms continue to raise salaries without a commensurate in., to a $ 226,500 for senior consultants others fail to make, to a $ for! Nyc, fresh graduates in big 4 consulting start on 135k work experience that jumps up a! For junior Associate consultants, to unlock creativity and deliver better outcomes for the lives we touch every day a. The post-MBA level folks with an MBA, PhD, or ~7+ work.
Western Pomona Interview, Avengers Fanfiction Steve Badly Injured, Articles C