The M&A activity revealed two basic patterns. Deloitte Consulting in the UK pays its consultants 91,000. PA is an innovation and transformation consultancy. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. Were an international consulting firm, but weve never seen size as an end in itself. 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. 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. The average salary for Consultant is 47,093 per year in the London Area. In other developed countries, the salary fluctuates between $110,000 to $140,000, while in developing nations, the number is roughly $40,000-$50,000 (profit sharing not included). 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. Since 1926, we have been trusted advisors to the world's foremost organizations. 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. McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. Monday to Friday. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! 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. Click here to see the total pay, recent salaries shared and more! The average starting salary for a graduate entering consulting is 37,000 making consulting one of the most lucrative careers you can choose as a graduate, higher than medicine, and behind only investment banking and commercial law. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. Well in NYC, IB starts on the same base salary as consulting. Clients are surprised at the breadth of our work. All of the data and our expanded insights are included in the full downloadable report get a copy for free below. 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? In short, there has never been a more lucrative time to become a consultant. Take me straight to the first consultancy. We believe that when our clients and society are stronger, so are we. Beyond the cultural differences between the U.S. and the UK, an important contrast is salary. Graduate Management Consultant. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. 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. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Note, these figures pertain to BCG salary in US locations. 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 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. I hear it's much lesser than what we get in UK. The USA is not considered to have adequate data protection legislation. Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. 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. 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. 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. Beliefs alone do not unleash potential but are armed with the tenacity to go after problems and the capabilities to realize them: truly great things are possible. In NYC, fresh graduates in big 4 Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. 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. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Other top boutiques will generally pay between 80,000-90,000. Weve been talking salaries for strategy consulting roles at MBB, the Big 4, and boutique firms. Location work from home. Our article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. 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. Germany leads the way paying salaries 23% higher than anywhere else and almost double the lowest paying country, the UK. 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. Here's a quick look at consultant compensation at Deloitte in London. Career switch from Civil Eng. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Deloitte). The rise in competition for top talent has accelerated this development. The pay is not as far off as the original poster would suggest. Greenwich Associates is the leading global provider of data, analytics, and insights to the financial services industry. 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. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. In NYC, fresh graduates in big 4 consulting start on 70+k and MBA SC hires start on 135k. Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. 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 highest salary for a Consultant in London, England is 78,412 per year. Cartesian provides strategic advice, project delivery, and technology solutions for the communications sector. More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. 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. Where the UK differentiates itself in part is in benefits and culture. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. 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 United States. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. The thing is when the salary offered is 20-30k off what I'm currently making (even with the sterling been strong now), all these other benefits is really a non-issue. Is compensation in the UK higher than in the U.S.? 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. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 30,000 - 40,000 a year. 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. Do you have questions on this blog article? Our practice is built on evidence-based, practical strategies for profit improvement via the top line. Innovation has become a necessary ingredient for sustained success. Your data could be accessed by law enforcement without prior public trial in court. 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). Together. The takeaway? Our servers are powered by electricity from renewable sources. Here are 2023 internship salaries: If you have any management consulting salary data you would like to share, we would love to hear from you. Most surprisingly, consultant salaries in London are relatively lower given its high cost of living. Lets pay it forward! You can always change your preference in the. As strategies, technologies, and innovation collide, we turn complexity into opportunity. For employees with an undergraduate degree or a non-management Masters degree, the BCG salary rose to $110,000 in 2023. Do consultants rack up a lot of credit card points? Masters-level graduates get offered around $100,000 in base salary at Bain. Combining analytics, technology, and industry experience, we can help you succeed in it faster. Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. The lowest salary for a Consultant in London Area is 28,284 per year. Like McKinsey and Bain, you can expect a BCG salary to increase by 10-20% every year. We have deep functional and industry expertise as well as a breadth of geographical reach. But the salary differential is really too large for it to be a consideration considering London is as expensive as where I'm based out now. At the post-MBA level folks with an MBA, PhD, or ~7+ years work experience that jumps up quite a bit to ~85,000. Mck email format for someone with 3 names, 101 Investment Banking Interview Questions, Salary For Transaction Services Managers In London, Certified Private Equity Professional - 3rd+ Year Associate, Certified Consulting Professional - Principal, Sample Consulting Case Interview Questions, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Jan 21st - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Private Equity Interview 1-Day Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. Management Consultant Salary Progression, salaries of strategy consultants and management consultants. Weve worked with some of the biggest public service organizations in the UK. Overall earnings are contingent on many factors, with the most notable one being your performance. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. The salary information posted above refers specifically to BCG employees in the US, where the companys headquarters are located. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. There is a lot of travelling, and most of my work is done outside of my base city. BCG consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. Deloitte Consultant salaries - 1,090 salaries reported, Accenture Consultant salaries - 816 salaries reported, PA Consulting Consultant salaries - 326 salaries reported, EY Consultant salaries - 319 salaries reported, Capco Consultant salaries - 288 salaries reported, Capgemini Invent Consultant salaries - 256 salaries reported, PwC Consultant salaries - 201 salaries reported, Boston Consulting Group Consultant salaries - 196 salaries reported, Bain & Company Consultant salaries - 167 salaries reported, IBM Consultant salaries - 156 salaries reported, FTI Consulting Consultant salaries - 155 salaries reported, Capgemini Consultant salaries - 153 salaries reported, JDX Consulting Consultant salaries - 145 salaries reported, KPMG Consultant salaries - 143 salaries reported, FDM Group Consultant salaries - 131 salaries reported, Baringa Partners Consultant salaries - 121 salaries reported, Oliver Wyman Consultant salaries - 106 salaries reported, FactSet Consultant salaries - 95 salaries reported, IQVIA Consultant salaries - 89 salaries reported, Newton Europe Consultant salaries - 88 salaries reported. 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