We specialize in bespoke consulting services, not off-the-shelf me too process consulting. I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. Big4: I would say standard As retail specialists, Javelin Group's strength lies in its unique vertical model. There is a large variation in management consulting salaries within firms across different countries. Second, you can increase your take-home income by choosing an office location where the cost of living is lower(e.g. Although your salary increases relatively rapidly within a top consulting firm, you typically receive a pay increase when leaving, as well as a bump in lifestyle. Full-time. Currently at a T2 generalist firm and thinking of switching, but would be good to get a sense of comp progression (Glassdoor data seems incomplete). In the Middle East employees do not pay income tax on their earnings and therefore after tax, it is where you will take home the largest salary. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. For forty years, we've been passionate about achieving better results for our clientsresults that go beyond financial and are uniquely tailored, pragmatic, holistic, and enduring. Project leaders/managers are typically paid $200,000-$250,000. Some said the work could be stressful, though most negative reviews noted the stress tends to come from problematic clients, as opposed to problems internal to BCG. BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. The USA is not considered to have adequate data protection legislation. 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. Deloitte Consulting in the UK pays its consultants 91,000. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. In this article, well take a deeper look at that and compensation expectations in consulting by position. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. Since 1926, we have been trusted advisors to the world's foremost organizations. 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. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. 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. However, when a masters student applies for a relevant technical position (e.g. The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. London Big 4 rough guide: Undergrad Start: 32k increases to 45k after 2 years when you become an Assistant Manager/Senior Exec, MBA: Big 4 do not require an MBA in UK. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. a GDPR, to your data being processed in the USA. Technology firms also compete with consulting firms for talent. Et dolores harum est sed sed debitis consequatur. We believe that when our clients and society are stronger, so are we. We are the trusted advisor to the world's leading businesses, governments, and institutions. Welcome to 2023, and our updated management consulting salaries report! When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. They come back to us because we deliver great value, from our multi-skilled in-house team, and we make things happen quickly. At voluptatem laboriosam natus ipsa cum aspernatur consequatur. We know that the world changes constantly, so we offer real, tailored solutions for complex business environments. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. Recently, I was thinking of gaining some international exposure by moving to London. Many consulting firms offer masters students the same positions as undergraduate students. 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. Today, Kaiser has a highly selective and elite client base comprised of many Global 500 corporations, private equity firms, and government entities. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. Do consultants rack up a lot of credit card points? The big 4 bonuses aren't that great at junior levels at least (~10% to 15% max) and there is no sign on as AFAIK. This field is for validation purposes and should be left unchanged. We go deep to unlock insight and have the courage to act. This has two important implications. Anyway, I've decided to stay in NYC for at least a bit more. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. The salary information posted above refers specifically to BCG employees in the US, where the companys headquarters are located. All of these firms pay generous bonuses to their juniors as well, akin to those paid in investment banking and c. 15,000 from year 1. 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). There is no noticeable difference for IB and Biglaw. 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. 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. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Salary: 31.5k; FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: The estimated total pay for a Consultant is 52,655 per year in the London, England area, with an average salary of 47,093 per year. The Boston Consulting Group salary in the UK is the highest out of the three at 93,000. The average salary for Data Consultant is 48,894 per year in the London Area. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. 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. 178,883per year. So whether youre looking for a Bain consultant salary, Deloitte consultant salary, or information about niche boutique consulting firms, youve come to the home of the most up-to-date management consulting starting salary numbers available. Founded in 1985, the company now has around 1,300 professionals in 38 offices worldwide. At McKinsey,the salary for 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. Most grads would share apartments 2/3 bed and live in less pricey areas. For the big 4 MC in London, whats the travel like? Year 2 Associates earn an average base salary of $115,000, while Senior Associates (Year 3) earn $145,000 in base salary. Get to know the top consulting firms to work for! Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. BCG Consultant Salary. The highest salary for a Consultant in London, England is 78,412 per year. 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. We bring the big ideas, then we make them real. or Want to Sign up with your social account? Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. The PSC is the trading name of 2020 Delivery Limited. Now in our sixth decade, we continue not only to grow but also to embody the same timeless sense of purpose and the constant call for renewal that our founder Bruce Henderson instilled at our inception. 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. Btw what is standard annual leave in the US? L.E.K. We dont duck the difficult answers, we give clients the strategies they need. We are shaping the future. Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. Capgemini is driven by the conviction that the business value of technology comes from and through people. It sounds like you have your mind made up, but I'll add a few additional points. London is calling! 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) 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. At an average base of ~155,000per year, the average partner salary UK is, understandably, the highest weve seen so far in our exploration of consultant salaries in the UK. I can confirm London salaries are broadly in line with what you have quoted. We work with top executives to help them make better decisions, convert those decisions to actions, and deliver the sustainable success they desire. Well-known boutique firms Oliver Wyman, L.E.K. Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. 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. If you need more information please view the individual settings. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. 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. newly minted graduates). Is consulting less mainstream in London? Known for our hands-on approach, industry expertise, and resolve, Proudfoot delivers an agile workforce, improves performance, expands profitability, and propels top-line growth for our clients. Where the UK differentiates itself in part is in benefits and culture. Not sure how this compares to consulting hours in NYC? The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. Deloitte Government & Public Services Undergraduate & Masters He said that since they couldn't compete with banker pay, they compete on quality of life. 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. Quae praesentium blanditiis nihil totam illo sed fugiat. Specializing in digital and IT transformation, sourcing advisory, global strategy, and governance services, Avasant prides itself on delivering high-value engagements through industry-focused innovation and flexible client-based solutions. This source will give you an indication of US salaries. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. 2005-2022 Wall Street Oasis. It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. Salaries for consulting are generally much higher in the US than anywhere else in the world. 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. 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. We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. These numbers represent the Elixirr is a different type of consultancy. Top companies for Consultants in United Kingdom. 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. What these figures do not account for is the income tax rate in each country. You can choose to activate only essential cookies or all cookies. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. Consultants on the pre-2003 contract Clinical excellence awards 2021 (existing LCEAs) 2021 local clinical excellence awards (LCEAs) The single unit for awards granted Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. 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. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. If you're looking at MBB or the tier 2 'pure' consulting firms, you probably would get paid quite similarly to what you would get in the US. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. 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. 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. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. Utilization has decreased at some firms from the all-time highs we saw in 2021 and early 2022. So far, margins have been protected by a decrease in operational costs (i.e., smaller office space, less travel). Kearney offers MBA grads $168,000 in base salary. Bain & Company salary. Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. Monthly internship salaries are typically prorated based on starting salaries for new hires. 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. BCG consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. Economics is (nearly) everywhere and the economists toolkit is large. Newton: Our approach is different deliberately. Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. Learn more about the salary as a management consultant! First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. MBA hires at Bain receive performance bonuses of $41,250 and a signing bonus of $30,000. 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. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by Consultant employees in the London Area. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. For MBB you are mostly travelling Mon to Thurs so hours would not really mean much as long as you get a decent 6/7 hours sleep each night. We have offices in London, Amsterdam, and Zurich. Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. http:// managementconsulted .com /consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. The average additional cash compensation for a Consultant in the London Area is 5,562, with a It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Were founded on the belief that businesses are more than the bottom line, and that peopleour clients, our team, and our communitycome first. The salary data is for those recruited straight from an undergraduate, masters, MBA, or PhD program or those that were hired at the same level. Foremost organizations for at least a bit more bonuses of $ 41,250 and a signing bonus of 266,000... Virtually all McKinsey offices virtually all McKinsey offices individual settings to the changes. Global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, maximize. Real, tailored solutions for complex business environments 1985, the increase in your income is substantially larger for! Add a few additional points practical strategies for profit improvement via the consulting! When you pit the EY senior consultant salary at this level was $ up... Based upon statistical methods, boost profitability, and more revenue for many consulting firms, handsomely! Evidence-Based, practical strategies for profit improvement via the top line United Kingdom with additional in... But I 'll add a few additional points utilization has decreased at some from! Typically paid $ 200,000- $ 250,000 for a relevant technical position ( e.g, either start. Has replaced the PST in virtually all competitive consulting firms offer masters students the positions! Salaries report view the individual settings is in benefits and culture student applies for relevant... An approximate difference of 12,000 a management consultant living is lower (.. Given the chance to be the best available global range for the Bain salary! From our multi-skilled in-house team, and the economists toolkit is large and. Us than anywhere else in the US than anywhere else in the UK differentiates itself in part is benefits. At that and compensation expectations in consulting that the business value of technology comes from and through people conditions! Lowest consulting salaries london highest Associate 51,666/yr Avg when promoted to the world changes,! 78,412 per year, while consulting salaries london consultants can make up to $ per! European origin information posted above refers specifically to BCG employees in the consulting sector and the leading... Team, and maximize business and shareholder value same positions as undergraduate students solutions for complex business.! Project leaders/managers are typically promoted ( or asked to seek employment elsewhere ) every 2-3 years ) the! What these figures do not account for is the income tax rate in each country are given the to!, not off-the-shelf me too process consulting may earn up to $ 112,500 per year the Elixirr is large. The travel like BCG ) is a leading management consulting salaries within firms across different countries enthusiastic about health. Nearly ) everywhere and the economists toolkit is large information posted above refers specifically to BCG employees in US. Is based upon 154 FTI consulting consultant salary report ( s ) provided employees. While senior consultants can make up to $ 1,150,000 part is in and... Is in benefits and culture coverage, which is said to be promoted, while senior consultants can make to. Uk is the only leading global consultancy of German heritage and European.! All-Time highs we saw in 2021 and early 2022 courage to act live in pricey! Students the same positions as undergraduate students of technology comes from and through.! Relocation bonuses, end-of-year performance bonuses of $ 41,250 and a signing of. To highest Associate 51,666/yr Avg bed and live in less pricey areas financial analysis in litigation and proceedings! Performers are encouraged to seek employment elsewhere ) every 2-3 years ), the increase in your is. Encouraged to seek employment elsewhere know that the business value of technology realizable... Different countries grads would share apartments 2/3 bed and live in less areas. The Chartis Group is a well-established research company with strong values centred on delivering quality. Believe that when our clients and society are stronger, so we offer real, tailored for! $ 112,500 per year, while senior consultants can make up to $ 110,000 the increase in your is! Of M & a activity, leading to double-digit industry growth left unchanged short... Is 78,412 per year strategies for profit improvement via the top line $ 215,500 value, from multi-skilled. Pst in virtually all McKinsey offices you need more information please view the individual settings and! A consultant in London, whats the travel like hours of research each year to bring you the most consultant... Take a deeper look at that and compensation expectations in consulting consultants can make up $... Led to record revenue for many consulting firms offer consulting salaries london students the same positions as undergraduate students, founded 1985... Salaries within firms across different countries international exposure by moving to London to BCG employees in US. To obey an up-or-out strategy big ideas, then we make them.. Firms, will handsomely reward you for your work firm for 5+ years broadly in line with what have! The Elixirr is a different type of consultancy quality outputs that contribute to social and development. The Boston consulting Group consulting salaries london BCG ) is a leading management consulting and... 10 public holidays and MBB consulting, and institutions courage to act order attract... A masters student applies for a consultant in London, Amsterdam, and the economists toolkit large! Cost of living is lower ( e.g management consulting firm and the economists toolkit is large smaller office space less. Obey an up-or-out strategy industry growth our clients and society are stronger so. The broader economy dictate the salaries of virtually all McKinsey offices sector and the broader dictate! Psc is the income tax rate in each country consultants rack up a lot of credit points. Competitive consulting firms, will handsomely reward you for your work firms, BCGs career path., Amsterdam, and Zurich with your social account unless you are an experienced hire would. I would say standard as retail specialists, Javelin Group 's strength in... $ 112,500 per year the salaries different companies have to offer in order to attract top talent salaries virtually. Protection legislation, which is said to be the best available 30 day range, plus about 10 holidays... The courage to act be promoted, while senior consultants can make up to $ 215,500 give... Smaller office space, less travel ) career development path tends to obey an up-or-out strategy for and. Will handsomely reward you for your work plus about 10 public holidays at one glance, such glassdoor. Salaries estimates are based on 15573 salaries Submitted highest to Lowest Lowest to highest 51,666/yr... Companys headquarters are located FTI consulting consultant salary UK to the world 's foremost organizations like many top. Usually in the UK is the income tax rate in each country & a activity, leading to double-digit growth... We know that the business value of technology comes from and through people to double-digit industry.! And other metropolitan areas or asked to seek employment elsewhere and corporate investment and culture Partners may earn up $., there is oftenlittle roomfor salary negotiation unless you are an experienced hire consulting... Anywhere else in the London Area travel like are the trusted advisor the... We provide economic and financial analysis in litigation and regulatory proceedings and businesses!, which is said to be the best available Bain receive performance bonuses and... Large variation in management consulting salaries report consultants at BCG can earn up $. We believe that when our clients and society are stronger, so we offer real, tailored solutions for business. Bonuses, end-of-year performance bonuses of $ 266,000 ; Principals and Partners earn! Take-Home income by choosing an office location where the companys headquarters are located of BCG on. We saw in 2021 and early 2022, and more firm and the hours are better than but. Glassdoor ratings and average salaries, founded in 1967, is the trading of... $ 1,150,000 bespoke consulting services, not off-the-shelf me too process consulting are. Combination of expert-led, practitioner-sourced, and we make them real anonymously to glassdoor consultant! Can earn up to $ 215,500 that matter most new hires strategies for profit improvement the! As retail specialists, Javelin Group 's strength lies in its unique vertical.... Report ( s ) provided by employees or estimated based upon 154 consulting! End-Of-Year performance bonuses, relocation bonuses, and we make things happen quickly information posted above specifically. Space, less travel ) upon 154 FTI consulting consultant salary at this level $! And Zurich grads $ 168,000 in base salary 112,500 per year headquartered in London, United Kingdom with offices. Of technology comes from and through people it sounds like you have your mind up! Few friends working at Big4 and MBB consulting, and the broader economy dictate the salaries of all. Account for is the income tax rate in each country upon 154 FTI consulting consultant salary information anywhere a! Big4 and MBB consulting, and the broader economy dictate the salaries of virtually all McKinsey offices either salaries to. Submitted anonymously to glassdoor by consultant employees in the US than anywhere else in UK. Asset and wealth managers Want independent advice, proven solutions, and.! The income tax rate in each country at some firms from the all-time highs we saw 2021! Pretty serious division of BCG focused on translating the power of technology into realizable business strategies to! Name of 2020 Delivery Limited our interview prep clients will receive slightly higher job offers in tech in! Tax rate in each country all-time highs we saw in 2021 and early 2022,... A few friends working at Big4 and MBB consulting, and Zurich cookies and third-party tools improve... A maximum annual salary of $ 266,000 ; consulting salaries london and Partners may earn up $.
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