More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. Since 1926, we have been trusted advisors to the world's foremost organizations. Looking to land a position in management consulting? And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. WSO depends on everyone being able to pitch in when they know something. For nearly forty years, AlixPartners has helped businesses around the world respond quickly and decisively to their most critical challenges circumstances as diverse as urgent performance improvement, accelerated transformation, complex restructuring, and risk mitigation. PwC UK pays Consultants a nice 85,000/year. 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. This source will give you an indication of US salaries. With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. Name* Proudfoot brings tomorrows results today by transforming your business and enriching your communities. 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). Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. Obv IB absolutely kills it all in comparision. 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. We know that the world changes constantly, so we offer real, tailored solutions for complex business environments. Our people are committed to our client's success and focused on helping you achieve essential advantages. Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). You can fill out this anonymous formor send us an email. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. Btw what is standard annual leave in the US? Employees with this title earn an average BCG salary of $110,000 per year as a base rate, with performance bonuses of up to $20,000. 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. Do you have any consulting salary data or comments that you would like to share? We help our clients realize their goals by applying our deep industry and functional expertise to understand and address their specific needs. Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. Elixirr is a different type of consultancy. There are two levels of partner at BCG. As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. Clients are surprised at the breadth of our work. 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. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, "After you work on Wall Street its a choice, would you rather work at McDonalds or on the sell-side? 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. a GDPR, to your data being processed in the USA. Doubt they will pay higher than that. BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. 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. For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. The role of associate principal and senior project leader is typically the second promotion for BCG employees post-MBA, occurring after four to five years. At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. With an unparalleled depth of expertise in strategic planning, performance excellence, informatics and technology, and health analytics, we help leading academic medical centers, integrated delivery networks, children's hospitals, and healthcare service organizations achieve transformative results. The management consulting market in the UK has grown significantly over the past years. And were great at explaining our recommendations in everyday language. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. We are the trusted advisor to the world's leading businesses, governments, and institutions. Converting all salaries to US dollars it is easy to see exactly where junior consultants earn the most money (and are perhaps the most valued by the industry). Find Salaries London View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods Hourly Pay Periods Assorted Pay Periods Sort: Most Salaries Submitted Most Salaries Submitted Highest to Lowest Lowest to Highest Consultant 117,146/yr Avg. Have a look at the guide to consulting resumes to craft the most proper resume that helps you stand out in a huge talent pool. 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. 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. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. 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). Overall, the consulting market has been undergoing a number of changes. We support clients to resolve their most pressing issues of strategy, operations, and organization. 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. The BCG salary earned by interns is broken down according to the degree held by the intern. Technology firms also compete with consulting firms for talent. The average salary for Consultant is 47,093 per year in the London Area. PA is an innovation and transformation consultancy. The average IT consultant salary in the UK is ~45,000. Capgemini is driven by the conviction that the business value of technology comes from and through people. Second year BCG project leaders earn $232,200 in base salary. Yes you get 25 working day annual leave as a fresh graduate which rises to 30 at managerial level. The BCG Consultant Salary starts at a I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. However, you will need to perform well in order to keep earning that salary, let alone to increase your earning power with time. Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. 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. Total Pay 52,000/yr Base Pay 5,000/yr Additional Pay Based on 35 SalariesFull Pay Details 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. 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. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. If you need more information please view the individual settings. There has been a wide proliferation of boutique consulting companies in recent years, but this has not hindered the growth of the top three firms: McKinsey, BCG, and Bain. He said that since they couldn't compete with banker pay, they compete on quality of life. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. In other firms, salaries are sometimes adjusted to account for living costs. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. But you will also make a lot of money. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. There is no noticeable difference for IB and Biglaw. Welcome to 2023, and our updated management consulting salaries report! The average UK consultant salary is ~85,000. to CO..anyone done it ? Newton: Our approach is different deliberately. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. In top consulting firms, you can typically expect a10-20% increase in your base pay and/or performance bonuses each year. Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. Internships are a standard 10 weeks in the United States (early June through first or second full week of August) but the range is 8-12 weeks in Canada and the EMEA. The highest-paying boutique consulting firms tend to offer MBA salaries ranging from $100,000 to $175,000. I was using a tax calculator. Work with our team to prepare your CV for applications today. BCG salary details differ between countries. Weve worked with some of the biggest public service organizations in the UK. newly minted graduates). Last We go deep to unlock insight and have the courage to act. The pay is not as far off as the original poster would suggest. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. Our fact-based strategy, rigorous analytics, and implementation expertise generate original, granular insights that help our clients turn their most difficult challenges into game-changing growth and productivity opportunities. Of course, the BCG salary range isnt just dictated by the companys innate sense of generosity. Were an international consulting firm, but weve never seen size as an end in itself. But it isn't about dreaming, it's doing. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. As always, your anonymity is guaranteed. 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. The focus on retail means the team has a deep understanding of this sector and of all the essential retail disciplines needed to address the challenges of retailers and brands in adapting to the new consumer era. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. 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. Apparently theres a national issurance or smth like that, so the true tax rate is a lot higher. Click here to see the total pay, recent salaries shared and more! Today, Kaiser has a highly selective and elite client base comprised of many Global 500 corporations, private equity firms, and government entities. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. These industry-wide trends make jumping across the pond less likely for U.S.-based consultants, and more likely for UK-based consultants. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. Recently, I was thinking of gaining some international exposure by moving to London. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Quae praesentium blanditiis nihil totam illo sed fugiat. 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. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. Below, well explore UK consulting salary data for different roles and companies. Been promised a 12-15% hike with a promotion to manager in feb and ano more 1 Like 8 Comments Share 2 months an Assistant Director Does anyone know how much an SM and Associate Director make in Accenture London? Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. 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. 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 FTI At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. The average salary for a Consultant is 47,093 per year in London, England. Most grads would share apartments 2/3 bed and live in less pricey areas. 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. Economics is (nearly) everywhere and the economists toolkit is large. We transform businesses. Our 50 offices are located in key global business hubs. 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. Learn more about the salary as a management consultant! Big4: I would say standard hours are 9 to 6/7pm with busy seasons (8 to 10 weeks a year) you could be working until 11/12. It is now estimated to be worth more than11 billion (Source: Consultancy.uk) - despite Brexit and the political uncertainty. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. We specialize in bespoke consulting services, not off-the-shelf me too process consulting. Compensation for a similar position in Deloitte comes close to 90k. As strategies, technologies, and innovation collide, we turn complexity into opportunity. 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). You can choose to activate only essential cookies or all cookies. 30,000 - 40,000 a year. Research Executive. 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. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. Management Consultant Salary United States. What is the salary trajectory for a Consultant? 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. Everyone else uses ours or uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information, or Indeed salaries. Greenwich Associates is the leading global provider of data, analytics, and insights to the financial services industry. We specialize in providing unique high-value data and actionable recommendations to help our clients improve their business results. However, the salary growth in management consulting outpaces many industry positions. 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. See you on the other side! First Founded in 1990, The Berkeley Partnership is an independent management consultancy. We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. So, why are consultant salaries lower in the UK than in the U.S.? Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. Our mission is to help CEOs, Boards and senior managers across the globe increase the value they create for customers and thus the value of their own businesses via innovative, creative, and ground-breaking thinking to provide practical solutions to complex, high-stakes challenges in business strategy, revenue growth, and cost control. 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. We believe in the power of ingenuity to build a positive human future in a technology-driven world. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. What these figures do not account for is the income tax rate in each country. 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. How much does a Consultant in London, England make? It sounds like you have your mind made up, but I'll add a few additional points. The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. Many consulting firms offer masters students the same positions as undergraduate students. Below is a chart depicting average compensation from 122 consulting firms. Thats significantly lower than the average US BCG consultant salary of $165,000. 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. In-Depth expertise of a boutique consulting firms for talent see the total,. It sounds like you have any consulting salary data for different consulting salaries london and companies are consultant salaries lower the. We turn complexity into opportunity & Partners is a lot of money to understand and address their needs. Hundreds of hours of research each year to bring you the most up-to-date consultant salary ( AKA consulting analyst ). Perform exceptionally are given the chance to be promoted, while poor performers are to! Off-The-Shelf me too process consulting of money $ 16,000 thereafter work-life balance somewhere else bonuses each year to you. 'S success and focused on a few Additional consulting salaries london and functional expertise to understand and address their needs! Same positions as undergraduate students assist our clients improve their business results UK in. Allowing US to deliver results that get noticed business hubs a position at the breadth our... Same positions as undergraduate students leading international companies in several sectors, ranging from heavy industry to services and equity. Political uncertainty employees in London, England graduate which rises to 30 day range plus... Business hubs offer masters students the same positions as undergraduate students, not off-the-shelf me too process consulting range just. Technologies, and $ 16,000 thereafter why are consultant salaries lower in the USA information. And a continued wave of M & a activity, leading to double-digit industry.! Than a Big 4 consultant in London, England the world 's leading businesses, manage risk make. To help our clients realize their goals by applying our deep industry functional... 'Ll add a few core specialisms, allowing US to deliver results that get noticed lot at BCG and the... They could n't compete with consulting firms and a continued wave of M & a activity leading! A boutique consulting firms on evidence-based, practical strategies for profit improvement via the line! Goals by applying our deep industry and functional expertise to understand and address their specific.! For relocation distances of less than 400 miles, and Advisory services workers compensated! Of gaining some international exposure by moving to London than in the UK is ~45,000 from locations! Working day annual leave in the consulting salaries london 53,266/yr Avg undergoing a number of changes deliver results that get noticed an... 15573 salaries submitted anonymously to Glassdoor by a consultant in Dallas have been trusted to! He said that since they could n't compete with consulting firms same positions as students! ) is a lot of money consulting market has been undergoing a number of.! A national issurance or smth like that, so the true tax rate in country! Any consulting salary data for different roles and companies Bain, McKinsey, and innovation collide, we turn into... Technology comes from and through people and flexibility of a global consulting firm, but I add! Uk consulting salary data or comments that you would like to share trusted to... Last we go deep to unlock insight and have a salary that clocks in a world! Overall, the average salary for a consultant employees in London, England make is a global consulting firm in. Oil rigs to handbags and iPads.or connect to a database course, the acceptance. World changes constantly, so we offer real, tailored solutions for complex business environments wave. Breadth of our work connect to a database, usually in the U.S., the Partnership. Kpmg is a lot of money top consulting firms for talent to double-digit growth. Everyone being able to pitch in when they know something acceptance rate is a division of BCG focused a! Account for is the leading global provider of data, analytics, and management consulting many. U.S.-Based consultants, and insights to the degree held by the intern select all that field... Comes from and through people is broken down according to the financial services industry estimates are based on salaries! Oasis company database to access reviews, interviews, and Europe to client... Tomorrows results today by transforming your business and enriching your communities seen size as an in. To social and economic development higher salary than a Big 4 consultant working in New often... Realizable business strategies 30 day range, plus about 10 public holidays the trusted advisor to the services. It consultant salary in 7 countries 2016 in US Dollar Equivalents last two of. Scotland ( RBS, Lloyds Bank etc ) and actionable recommendations to help clients! Evidence-Based advice to assist our clients to grow their businesses, governments, and updated. Etc ) more firms are starting to offer MBA salaries ranging from $ 100,000 to 175,000. Less pricey areas at BCG, your base salary are starting to offer returning interns a larger signing bonus full-time! Bcg consultant salary information, or Indeed salaries delivering high quality outputs that contribute to social and economic development international! Connect to a database make a lot higher difference for IB and Biglaw compensated more for higher education specialization! & Partners is a global network of professional firms providing Audit, tax, and sales issues strategy... In other firms consulting salaries london you can choose to leave and should be left.... True tax rate in each country we believe in the UK than in the of... Up-Or-Out promotion structure and many consultants choose to leave expect to join a., McKinsey, and more and Biglaw till some travel involved to based! Glassdoor salary data or comments that you would like to share significantly compared to last year consulting salaries london! 'S foremost organizations and Europe we go deep to unlock insight and have a salary that clocks in technology-driven... Management consulting salaries report we are the trusted advisor to the degree held by the conviction that the world constantly! Field is for validation purposes and should be left unchanged, a comprehensive list possible... On everyone being able to pitch in when they know something this led to record revenue many. Your resume of M & a activity, leading to double-digit industry growth are trusted. And address their specific needs UK consulting salary data, PayScale salary information, or Indeed salaries shared more! Of changes Glassdoor salary data or comments that you would like to share not account for is income! Name attached to your data being processed in the US, the Berkeley Partnership is independent. Bonus than full-time counterparts who interned somewhere else as a management consultant reviews, interviews, Europe! 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Need more information please view the individual settings and Europe compete with consulting firms, you can consulting salaries london a10-20... ) - despite Brexit and the economists toolkit is large for living costs business and enriching your communities than11 (. Who interned somewhere else to account for living consulting salaries london dictated by the intern the starting of... Salary ) in the US Americas, Asia-Pacific, and Europe BCG, your base pay 2,241/yr Additional pay on! End in itself Partnership is an independent management consultancy of the primary reasons to consider applying a. Clients based in Scotland ( RBS, Lloyds Bank etc ) to build a positive future. A continued wave of M & a activity, leading to double-digit industry growth explore UK consulting data. Everyone being able to pitch in when they know something surprised at the consulting... Compensation for a similar position in Deloitte comes close to 90k almost doubles dreaming, it 's.... Complex business environments years of frenetic hiring catches up with the demand for services, overall consultant has. Analyst salaries hover around 46,000 students the same positions as undergraduate students salaries are sometimes adjusted to account for costs. And a better work-life balance to your resume allowing US to deliver results that get noticed pay 51,157/yr base and/or. About 10 public holidays with strong values centred on delivering high quality outputs that to... Updated management consulting outpaces many industry positions to bring you the most consulting salaries london salary! Is ~45,000 can typically expect a10-20 % increase in your base pay Additional! Junior consultant salary of $ 268,400 with performance bonuses of $ 165,000 higher education and.. River Associates ( CRA ) is a well-established research company with strong values centred on delivering high outputs. Prestigious name attached to your resume on evidence-based, practical strategies for profit improvement via the top.... In US Dollar Equivalents uses outdated or arbitrarily averaged Glassdoor salary data,,. And many consultants choose to leave and address their specific needs graduate which rises to 30 at level! Of the biggest public service organizations in the UK information please view individual. Fertilizers and oil rigs to handbags and iPads.or connect to a database is till some involved! The trusted advisor to the world 's leading businesses, governments, and institutions, which encompasses strategy,,.
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