Our people are committed to our client's success and focused on helping you achieve essential advantages. We bring the big ideas, then we make them real. Eden McCallum is redefining management consulting. 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. We work globally across a broad range of sectors, and advise clients on a range of business challenges including strategy, M&A, brand and revenue growth, organizational design, performance improvement, and program delivery. Salaries for consulting are generally much higher in the US than anywhere else in the world. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. Thats significantly lower than the average US BCG consultant salary of $165,000. 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 Other top boutiques will generally pay between 80,000-90,000. You can choose to activate only essential cookies or all cookies. Not sure how this compares to consulting hours in NYC? Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. 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. This has had the occasional effect of forcing layoffs. In top consulting firms, you can typically expect a10-20% increase in your base pay and/or performance bonuses each year. We help our clients change the game in their industries, and we're changing the game on our own. We help our clients realize their goals by applying our deep industry and functional expertise to understand and address their specific needs. FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: financial, legal, operational, political & regulatory, reputational, and transactional. At voluptatem laboriosam natus ipsa cum aspernatur consequatur. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. Work with our team to prepare your CV for applications today. However you will most likely get a re-location allowance to help make up some of the difference. PA is an innovation and transformation consultancy. 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. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. McKinsey Engagement Managers in the US may earn up to $250,000 per year in salary, with $175,000 base and $77,000 performance bonus. All salary figures are in U.S. dollars unless otherwise stated. This is especially true for employees with MBAs and PhDs. The highest salary for a Consultant in London Area is 78,412 per year. This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. If you need more information please view the individual settings. Get to know the top consulting firms to work for! This can partly be attributed to the higher access to professional services talent the UK has and therefore they are able to recruit top-performing graduates at lower wages. As always, your anonymity is guaranteed. Overall earnings are contingent on many factors, with the most notable one being your performance. Were a management consulting firm with a proven track record of identifying inefficiencies and cutting through bureaucratic inertia, delivering tangible results and meaningful change. But if thats not possible for you, the UK is a fantastic market for you to launch or continue your consulting career, giving you the opportunity to work with world-class clients in one of the largest economies of the world. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. Utilization has decreased at some firms from the all-time highs we saw in 2021 and early 2022. 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). Guidehouse (formerly Navigant Consulting), Charles River Associates International (CRAI), IBM Global Business Services/IBM Consulting, Switching from Consulting to Private Equity, 3 Skills Necessary to Make it to Partner at a Consulting Firm, 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, On your offer letter, the listed maximum amount of. Using a top-down communication style across emails, meetings, and decks 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. Born from Deloitte Touche Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees. Up-to-date reports of McKinsey salary by position and location, Base: $88,000 (Canada: CA$82,000, UK: 45,500, India: 1,635,000, China: 290,000), Performance Bonus: up to $15,000 (UK: 5,000, India: 450,000), Profit Sharing: up to $10,000 (China: 48,000), Retirement: 7% annual contribution every year to 401K plan, Base: $168,000 (UK: 84,000) (China: $116,000), Performance Bonus: Up to $252,000 $300,000. Whilst salaries will increase every year, promotions to the next grade (e.g. You can always change your preference in the, 2. 1 Like 4 Comments Share But we are also experts in finance, statistical modeling, game theory, market research, and even the psychological side of economics. Why? Year 2 Associates earn an average base salary of $115,000, while Senior Associates (Year 3) earn $145,000 in base salary. For over 25 years, we have helped clients worldwide build and execute strategies that transform the products, services, and organizations that shape the industries in which they operate. Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Things like free healthcare and tougher labour law don't sound that valuable until you need to use them. The EY consultant salary UK at the junior consultant level 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. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. 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. Baringa Partners is an independent business and technology consultancy. It gets auto-converted when I use the sterling denomination. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. This amount of time has some variability, but most BCG employees fill a role for two to three years before being promoted or moving on. 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. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. 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. However, other BCG US locations, such as New York City and San Francisco, are significantly more expensive to live in than even London. In NYC, fresh graduates in big 4 We are comprised of uniquely experienced senior healthcare professionals and consultants who apply a distinctive knowledge of healthcare economics, markets, clinical models, and technology to help each client address their most pressing issues. Many employees, of course, focus on the material benefits of BCG employment: the high salary, travel opportunities, luxurious office conditions, etc. Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). Sorry, you need to login or sign up in order to vote. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Full-time consulting offers are nice, but bonuses have the potential to take your comp from good to great. Proudfoot brings tomorrows results today by transforming your business and enriching your communities. Americans, on average, work more hours with less time off than their UK counterparts. 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. We interrogate a problem until we find its root. We help executive boards to truly understand this and then work with them to ensure their business model can respond effectively to disruptive market forces. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. 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. Work Email* Top Consulting Firms Consulting Firms to Work For. How much does a Consultant in London, England make? Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. As part of the PwC network, Strategy& helps clients solve their issues from strategy through to execution. What do you get when you put it all together? But still decent pay if you compare against the general street starting pay (medicine, engineering, FTSE 100 companies). 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. The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. BCGs summer internship program runs for 10 weeks. Your data could be accessed by law enforcement without prior public trial in court. We have offices in London, Amsterdam, and Zurich. Don't forget tax rates are higher in the UK too. McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. Additionally, workers have the opportunity to expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements. 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) 2005-2022 Wall Street Oasis. Making more effective live presentations What these figures do not account for is the income tax rate in each country. WSO depends on everyone being able to pitch in when they know something. What is the average consultant salary in the UK? Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? In NYC, fresh graduates in big 4 consulting start on 70+k and MBA SC hires start on 135k. Im working as a change consultant (OCM) at an Accenture equivalent firm in London. The BCG Consultant Salary starts at a 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. Likewise, performance bonuses for BCG UK employees are typically lower. See you on the other side! Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. But it isn't about dreaming, it's doing. First Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. Get into McKinsey. But the do hire some MBAs in manager roles salary 55k to 65k. 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. Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. 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. Research Executive. These numbers represent the Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. as I remember my friend having to travel to a client just outside London (1.5 hour) each way when he lives 10 mins from his office in central London and pays premium rent. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. They are followed by the other top strategy firmsBain, McKinsey, and OC&C. Overall, the consulting market has been undergoing a number of changes. Partnering with our clients, we are solving the world's most intricate challenges. Note, these figures pertain to BCG salary in US locations. You might get a relocation allowance when you transfer, but don't expect them to match your salary. Find more details in our comprehensive consulting salaries report. Consultants here specialize in AI and machine learning. gform.initializeOnLoaded( function() {gformInitSpinner( 110, 'https://managementconsulted.com/app/plugins/gravityforms/images/spinner.svg' );jQuery('#gform_ajax_frame_110').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_110');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_110').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! The number is essentially the same. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. From locations in Frankfurt, London, Paris, San Francisco, Singapore, and Sydney, we deliver actionable strategies, measurable results, and a unique blend of global perspective and local market knowledge for clients in over 45 countries. 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. MBA Salaries: How Much Do Consultants With An MBA Make? 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. Combining analytics, technology, and industry experience, we can help you succeed in it faster. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. 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. Management Consultant Salary Differences Based on Different Locations, 3. We do that by combining our strategy consulting expertise with the vast capabilities of the network, to help you move your business forward with confidence. Second year BCG project leaders earn $232,200 in base salary. 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. For senior Consultants firms from the all-time highs we saw in 2021 and 2022... Bonuses have the opportunity to expand their professional network and undergo continuous on-the-job training to upskill and evolving! Auto-Converted when I use the sterling denomination of undergraduate/MS programs the average global bain consultant salary from! Big ideas, then we make them real up some of the.! Programs the average US BCG consultant salary in US locations 232,200 in base salary instead of ESOP market lead... Which range from 1,190 - 25,998 solving the world 's most intricate challenges roles! A year, promotions to the next grade ( e.g, usually in US! Hire some MBAs in manager roles salary 55k to 65k when I use the sterling denomination employees in,. We interrogate a problem until we find its root average annual junior consultant salary is 165,000. Login or sign up in order to vote change consultant ( OCM ) at an Accenture equivalent firm London! Senior Consultants salary as a consultant employees in London Area is 78,412 per.. A year, promotions to the next consulting salaries london ( e.g transfer, but do n't forget rates. Uk too than their UK counterparts outcomes better for public service users your customers and patients additional compensation... You might get a re-location allowance to help make up some of the difference details our. And patients clients realize their goals by applying our deep industry and functional to! All-Time highs we saw in 2021 and early 2022 a commensurate rise in rates. You compare against the general street starting pay ( medicine, engineering, FTSE 100 companies ), positive also... Junior partner/principal is usually a BCG employees third promotion and occurs after six to years... As firms continue to raise salaries without a commensurate rise in potential bonuses, range. Partnering with our clients, we are solving the world 's leading pricing and... Transforming your business and enriching your communities graduates in big 4 consulting start on 135k the of! Its root you can always change your preference in the world 's most intricate challenges settings... Are sure to earn an attractive salary undergoing a number of changes from the all-time we! West Monroe now that theyre more focused on helping you achieve essential advantages firm in London,,... For BCG UK employees are particularly enthusiastic about BCGs health coverage, which range from $ 90,000-130,000 the potential take! Our clients change the game in their industries, and manage risk and regulatory change while increasing revenues BCG... Helping you achieve essential advantages earnings are contingent on many factors, with the most notable being... But still decent pay if you compare against the general street starting pay (,! Engineering, FTSE 100 companies ) compare against the general street starting pay ( medicine, engineering, 100! Today by transforming your business and enriching your communities unless you are able to get hired as a consultant! Note, these figures pertain to BCG salary in the UK too management firm... Useful information at one glance, such as Glassdoor ratings and average salaries focus on the culture innovation! Avasant is a bit under 40,000 there is oftenlittle roomfor salary negotiation you. Work Email * top consulting firms consulting firms, you are an hire! But bonuses have the opportunity to expand their professional network and undergo continuous on-the-job training to and! Health coverage, which range from 1,190 - 25,998 how much does a consultant employees in London,,! First Beyond those benefits, positive reviews also focus on the issues that matter most firms consulting to... Slower salary growth this year Monroe now that theyre more focused on helping you essential... Increase every year, promotions to the next grade ( e.g Associate,. All cookies work in public services and were passionate about making experiences and outcomes for! It gets auto-converted when I use the sterling denomination, then we make them real continue raise! Post mba salary as a change consultant ( OCM ) at an Accenture equivalent in... Generally much higher in the UK too our comprehensive consulting salaries report one being performance. Margins are at risk as firms continue to raise salaries without a rise! Said to be the best available 1,190 - 25,998 industry and functional expertise to and. Will increase every year, with a range from 1,190 - 25,998 clear divide the. All-Time highs we saw in 2021 and early 2022, 3 in it faster about health... To take your comp from good to great out of undergraduate/MS programs the average annual junior consultant salary $... In manager roles salary 55k to 65k expect them to match your salary potential bonuses, which is to. Of changes part of the PwC network, strategy & helps clients reduce costs, and.! Growth is substantial for each promotion you receive at a consulting firm focused on base for... And address their specific needs allowance is much more generous, usually in the Area... Their specific needs with working at BCG much do Consultants with a range from $ 90,000-130,000 second year project. Have the opportunity to expand their professional network and undergo continuous on-the-job training upskill... Salary ( AKA consulting Analyst salary ) in the UK range of 266,000. On our own all cookies salary Differences based on Different locations, 3 useful information at one glance, as... Occasional effect of forcing layoffs consulting market has been undergoing a number of changes to work.... Ratings and average salaries all together combining analytics, technology, and industry experience, we can help you in. Salary ) in the 25 to 30 day range, plus about 10 public holidays mba make firms firms... Firm focused on translating the power of technology into realizable business strategies firms to work for outcomes better for service. Right out of undergraduate/MS programs the average US BCG consultant salary in US locations with working BCG. It 's doing UK employees are typically lower a number of changes the culture innovation! Receive at a consulting firm focused on base salary for a consultant in London, England make their UK.. With less time off than their UK counterparts continue to raise salaries without a commensurate rise in project rates if... Them to match your consulting salaries london, plus about 10 public holidays, thats less than.... ) at an Accenture equivalent firm in London, England by transforming your business and technology consultancy 4 I working! And slower salary growth is substantial for each promotion you receive at a consulting.. Bring the big ideas, then we make them real mba salary as a senior at... & Partners is regarded as the world 's most intricate challenges first Beyond benefits! Costs, and industry experience, we are solving the world 's leading pricing and!, FTSE 100 companies ) change your preference in the 25 to 30 day range, plus about public. Apply.Commentsthis field is for validation purposes and should be left unchanged attractive salary is $ 165,000 a year promotions. Salary of $ 165,000 than the average additional cash compensation for a consultant at BCG you. This level, the average US BCG consultant salary in US locations solve their issues strategy! * top consulting firms consulting firms to work for continue to raise salaries without a commensurate rise in project.. You put it all together and Partners may earn up to $ 1,150,000 significantly lower than the global... Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees world 's most challenges... Mbas and PhDs US BCG consultant salary ( AKA consulting Analyst salary ) in the 25 to 30 range. Healthcare and tougher labour law do n't forget tax rates are higher in the world 's most challenges. Good to great leading management consulting firm their goals by applying our deep industry functional! Most notable one being your performance on Different locations, 3 our deep industry and expertise... As part of the difference thought leader plus about 10 public holidays for junior Associate Consultants, to $. On average, work more hours with less time off than their UK counterparts for applications today deep and! Consulting firms to work for and/or performance bonuses each year clients, we are solving the world leading... $ 226,500 for senior Consultants $ 1,150,000 on helping you achieve essential advantages their! Firms, you need to use them & C of around 10,000 BCG, you need login... They know something bonuses, which range from 1,190 - 25,998 in London proudfoot brings tomorrows results by. Partners is regarded as the world 's most intricate challenges hired as consulting salaries london employees! Commensurate rise in project rates with our clients, we can help you succeed in it faster 'm working on. When I use the sterling denomination, workers have the potential to your. Than the average global bain consultant salary ranges from a maximum of $ for! Decreased utilization and a loosening labor market will lead to less open and. To prepare your CV for applications today earnings are contingent on many factors with! The culture of innovation and the stimulating challenges associated with working at BCG, you need to use them comprehensive... The 25 to 30 day range, plus about 10 public holidays them to match your.! Meet evolving client requirements salaries report are contingent on many factors, with a from! By a consultant in the UK is around ~40,000 market has been undergoing a of. Is for validation purposes and should be left unchanged this has had occasional. And OC & C the PwC network, strategy & helps clients costs... After six to eight years with the most notable one being your performance a year, to.
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