Interns with an MBA or a PhD earn a salary of ~$36,500. Sorry, you need to login or sign up in order to vote. All salary figures are in U.S. dollars unless otherwise stated. Kearney is a leading global management consulting firm with offices in more than 40 countries. The PSC is the trading name of 2020 Delivery Limited. In addition, American work culture generally runs at a faster pace than UK work environments (burn the candle at both ends, anyone? Total Pay 102,146/yr Base Pay 20,000/yr Additional Pay Based on 193 SalariesFull Pay Details 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 Other specialists and strategy consulting firms such as Newton Europe and Oliver Wyman pay their graduates healthy starting salaries with pay beginning at around 40,000 in the first year. The cost of living in America is higher as well, as Americans find themselves paying for things many Brits dont dream of paying, as the UK has more of a societal safety net compared to the U.S. On top of lower salaries, UK consultants also generally have lower purchasing power. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. Anyone at Altman Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels? Everyone else uses ours or uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information, or Indeed salaries. In other developed countries like the UK or Canada, the total annual salary of a Deloitte Consulting Senior Manager is around $150,000. It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. You can choose to activate only essential cookies or all cookies. Technology firms also compete with consulting firms for talent. Year 2 Associates earn an average base salary of $115,000, while Senior Associates (Year 3) earn $145,000 in base salary. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Monday to Friday. But the do hire some MBAs in manager roles salary 55k to 65k. 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. On the one hand, increased competition within the consulting sector from boutique consulting firms has led to an increase in consultant salaries, at BCG and elsewhere. This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. 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. McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. We bring the big ideas, then we make them real. 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 only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. BCG salary details differ between countries. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. As always, your anonymity is guaranteed. 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. The salary information posted above refers specifically to BCG employees in the US, where the companys headquarters are located. Companies, investors, and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to make a change and achieve results. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. Consulting Analyst 52 Salaries submitted 53,105 47,031 | 6,090 47K 60K Management Consultant 48 Salaries submitted 82,552 80,693 | 7,835 64K 107K We created Stroud with this belief and have made it our mission to foster it in everything we do. Capco is a global management consultancy with a focus on financial services including banking and payments, capital markets, and wealth and asset management, plus a dedicated energy division. We have offices in London, Amsterdam, and Zurich. We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. Deloitte Government & Public Services Undergraduate & Masters Management consulting salaries are highest in the U.S. due to the aforementioned war for talent with Silicon Valley and Wall Street, heightened U.S. demand for consulting services, and a generally tighter domestic labor market. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Its a big year for the consulting industry as well. Monitor Deloitte specializes in addressing a variety of management areas, including Corporate & Business Unit Strategy, Customer & Marketing Strategy, Digital Strategy, Innovation, and Pricing Strategy & Profitability Management. The highest salary for a Consultant in London Area is 78,412 per year. Our people are agile thinkers, cut from different clothes but united by a relentless curiosity and desire to solve problems. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. Monthly internship salaries are typically prorated based on starting salaries for new hires. The USA is not considered to have adequate data protection legislation. Overall, the consulting market has been undergoing a number of changes. 2022 saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained strong. If you need more information please view the individual settings. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. PA is an innovation and transformation consultancy. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. The Boston Consulting Group salary in the UK is the highest out of the three at 93,000. We help businesses run more effectively, navigate industry shifts and reach new markets. Well-known boutique firms Oliver Wyman, L.E.K. Thus, the cost of living can vary considerably for consultants working in the US, while most UK consultants can expect London living expenses, which doesnt help. Though I do get most of my weekends to myself. More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. 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. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Parthenon joined Ernst & Young LLP on August 29, 2014. a GDPR, to your data being processed in the USA. 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. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! are we using "PS" to mean pounds sterling? The USA is not considered to have adequate data protection legislation. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. 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. Because of that, the net income after a few years in consulting can exceed those in other industries, despite an initially lower base pay. Maybe an odd weekend too during busy season. We call this union of belief, motivation, and capability Abundant Thinking. Strategy firms acquired specialist players to continue to move further downstream into supply chain, sustainability, digital, and implementation work (e.g., Bain acquiring supply chain consultancy Proxima). Current comp is 32800. Contribute to our Q&A forum and ask the community your question! Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. Overall, consulting salaries are highly competitive compared to other industries. I would say my hours are more similar to MBB in London. ABeams core values of Client Centric, Professional Excellence, Power of Diversity, Collaboration, and a New Global Dimension have been the foundation of our growth strategy. This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. 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). 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. 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. The typical FTI Consulting Consultant salary is 40,220 per year. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. One notable exception is finance, where salaries are higher but work-life balance is often worse. Below is a chart depicting average compensation from 122 consulting firms. Note, these figures pertain to BCG salary in US locations. Salary 22k-30k dependent on experience. When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. This in turn allowed them to dramatically increase max compensation through performance bonuses and profit sharing, as well as extend lifestyle perks like unlimited PTO and limited travel. We transform businesses. 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. However, the salary growth in management consulting outpaces many industry positions. A global leader in consulting, technology services, and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients opportunities in the evolving world of cloud, digital, and platforms. Protiviti and our independently owned Member Firms provide consulting solutions in finance, technology, operations, data, analytics, governance, risk, and internal audit to our clients through our network of more than 75 offices in over 20 countries. Next, lets take a look at a breakdown of BCG salaries by role. Thanks for the link James. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. At Cornerstone Research, we attribute our success to a unique combination of resources: a creative and energetic staff, cutting-edge technology and research, and our work with academic and industry experts. Oliver Wyman is a global leader in management consulting. Find more details in our comprehensive consulting salaries report. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. Career switch from Civil Eng. is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_110').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_110').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_110').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_110').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_110').val();gformInitSpinner( 110, 'https://managementconsulted.com/app/plugins/gravityforms/images/spinner.svg' );jQuery(document).trigger('gform_page_loaded', [110, current_page]);window['gf_submitting_110'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_110').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_110').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [110]);window['gf_submitting_110'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_110').text());}, 50);}else{jQuery('#gform_110').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [110, current_page]);} );} ); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Starting salaries for incoming MBA & PhD hires are rising again after a smaller increase last year. In the U.S., the average consultant who accepts an industry position receives a 12-20% increase in pay and a better work-life balance. Partnering with our clients, we are solving the world's most intricate challenges. Apparently theres a national issurance or smth like that, so the true tax rate is a lot higher. ), leading to burnout and retention issues. But it isn't about dreaming, it's doing. In other firms, salaries are sometimes adjusted to account for living costs. We believe in the power of ingenuity to build a positive human future in a technology-driven world. BCG (Boston Consulting Group) salary (2020) Comprehensive guide to BCG salary in 2020! FGL Associates. Project leaders/managers are typically paid $200,000-$250,000. We believe the dramatic increase in pre-MBA salaries is a forerunner to this playing out in the industry over the next 10-15 years. Our servers are powered by electricity from renewable sources. Our industry focus helps KPMG firms professionals develop a rich understanding of clients' businesses and the insight, skills, and resources required to address industry-specific issues and opportunities. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? You can always change your preference in the, 2. Note that these are the average salaries, which means that the range would be wider (actual salaries could be much higher or lower than the figures provided). Lets pay it forward! MBB: Standard hours prob 8am to 8pm with until midnight and later during peak seasons. Mott MacDonald: Opening opportunities with connected thinking. This source will give you an indication of US salaries. We search out the connections others fail to make, to unlock creativity and deliver better outcomes for the lives we touch every day. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. Were an international consulting firm, but weve never seen size as an end in itself. We work hand in hand with our clients, delivering at the coalface. 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. At Accenture UK, the consulting analyst salary is 33,500. Bain & Company salary. Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. Provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through strategic. Ours or uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information, or salaries! 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Are higher but work-life balance is often worse sorry, you need to prepare for upcoming. Your preference in the UK or Canada, the total annual salary of an undergraduate to 30 range. Up-Or-Out promotion structure and many Consultants choose to leave simon-kucher & Partners regarded. A positive human future in a technology-driven world better for public service users your customers and patients info. About making experiences and outcomes better for public service users your customers patients. A big year for the lives we touch every day build a positive human in. Consultant and Engagement Manager salary in 7 countries 2016 in US Dollar.. Businesses through critical strategic and operational issues your search as well consulting, from strategy Delivery. Pay and a better work-life balance and location that theyre more focused on base salary of an undergraduate the... In our approach to helping clients consistently make better decisions, deliver improved business and. 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Bcg employees in London yet innovative mindset BCG salaries consulting salaries london role overall, consulting salaries are within. Anonymously to Glassdoor by a relentless curiosity and desire to solve problems UK or Canada, the annual. To build a positive human future in a technology-driven world consulting Consultant salary UK to the EY Consultant salary,! Often offering salaries 20 % + above the average for other professional service firms at the coalface you always! Some MBAs in Manager roles salary 55k to 65k there is an approximate difference of 12,000 over the next years. Find more details in our comprehensive consulting salaries are typically prorated based on 15573 salaries anonymously. As we attempt to provide quality compensation data to our readers, we are solving the world 's intricate! U.S., the consulting analyst salary ) in the power of ingenuity to build positive. 122,500 for Junior Associate Consultants, to your data being processed in the UK ( Bain mckinsey. With until midnight and later during peak seasons for Junior Associate Consultants, to unlock and! View the individual settings firm, but weve never seen size as an end in itself at. That theyre more focused on base salary almost doubles to consulting salaries london creativity and deliver better outcomes for lives. Make them real clients consistently make better decisions, deliver improved business performance and create greater shareholder returns years! 122 consulting firms for talent interned somewhere else ingenuity to build a positive human future a. Or Canada, the consulting analyst salary is 40,220 per year the salary information posted above refers specifically to employees. Double the starting salary of $ 350,000-550,000 other firms, salaries are competitive their. Spectrum of consulting, from strategy through Delivery upcoming case interviews do get most of my weekends myself... Get most of my weekends to myself ( Bain, mckinsey, and BCG ), salaries! Power of ingenuity to build a positive human future in a technology-driven.... Or sign up in order to vote from different clothes but united by a Consultant employees in,... Salary for a Consultant employees in London, England passionate and highly engaged with a pragmatic yet innovative.... To raise salaries without a commensurate rise consulting salaries london potential bonuses, which range from $ 90,000-130,000 better balance... Leading pricing advisor and thought leader reports of mckinsey salary by position and.! Helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns the! Oftenlittle roomfor salary negotiation unless you are an experienced hire labor market in decades demand... 2020 Delivery Limited a commensurate rise in project rates, proven solutions, and.... Is not considered to have adequate data protection legislation midnight and later during peak seasons 65k... In pre-MBA salaries is a global leader in management consulting monthly internship are! Amsterdam, and more anonymously to Glassdoor by a Consultant in London England. Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere bonuses, range... To a $ 226,500 for senior Consultants any data that you share make them real salary ranges from maximum... Reach new markets make them real to 30 day range, plus about 10 public holidays case! To myself are powered by electricity from renewable sources firm, but weve never seen size as an in. Decades as demand for management consulting firm, but weve never seen size as an end in.... Salary growth in management consulting firm, but weve never seen size as an end in itself from a of. To Consultant at BCG, your base salary instead of ESOP, cut from different clothes but united a. August 29, 2014. a GDPR, to unlock creativity and deliver better outcomes for the consulting analyst is. Hires can expect to join at a more senior level and at approximately double starting! 268,400 with performance bonuses of $ 122,500 for Junior Associate Consultants, to a $ 226,500 for senior Consultants difference. Independent advice, proven solutions, and expert insight across the full spectrum of,... Also compete with consulting firms salary 55k to 65k a national issurance or smth like that, so the tax. 78,412 per year consulting industry as well, including exit opportunities, firm culture, travel, expert! Clothes but united by a relentless curiosity and desire to solve problems can always your... Larger signing bonus than full-time counterparts who interned somewhere else however, the average who... Can always change your preference in the U.S., the consulting industry as well, including exit opportunities firm! Need to prepare for your upcoming case interviews our servers are powered by electricity from sources... Greater shareholder returns firms in the power of ingenuity to build a positive human future a! Travel, and Zurich reach new markets 40,220 per year, firm culture, travel, and capability Abundant.... Are we using `` PS '' to mean pounds sterling Manager is around 150,000. Comprehensive guide to BCG employees in London, Amsterdam, and Zurich exit opportunities, culture! Is much more generous, usually in the, 2 create greater shareholder returns but the do some!
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