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 Check out the world-class interview prep and resume prep services that have helped land thousands of readers (like you) positions attop management consulting firms. Full-time consulting offers are nice, but bonuses have the potential to take your comp from good to great. Consulting jobs provide opportunities to build both general and specialized skills and develop at all stages of a workers professional career. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. Gartner, Inc. (NYSE: IT), is the worlds leading research and advisory company and a member of the S&P 500. However, this growth is not without potential peril. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. Combining unmatched experience and specialized skills across more than 40 industries and all business functionsunderpinned by the worlds largest delivery networkAccenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. McKinsey and Bain both pay 90,000. Interns with an MBA or a PhD earn a salary of ~$36,500. 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. Strategy&'s professionals around the globe have helped many of the worlds leading institutions solve some of their toughest problems, and capture their greatest opportunities. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. 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. Research Executive. The BCG salary earned by interns is broken down according to the degree held by the intern. In NYC, fresh graduates in big 4 All Rights Reserved. This could be nuisance at times. The data comes from our interview prep clients who received written job offers and firm representatives. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. Monitor Deloitte Previously Monitor Group, Monitor Deloitte is a multinational strategy consulting practice, founded in 1983 by six entrepreneurs with ties to the Harvard Business School, including Michael Porter. Our engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. 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. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). 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. Most grads would share apartments 2/3 bed and live in less pricey areas. This increase was on par with the last major increase we saw in 2019. We are committed consultants with adaptive intelligence. 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. This website uses cookies to enable essential functions like the user login and sessions. 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. Bain Case Team Leader Salary The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Eden McCallum is redefining management consulting. Intern average compensation is based on the hourly rate x 2,000 to get the yearly approximation If you would like to learn more about varying consulting firms and their ranking, check out the consulting industry report below! Weve been talking salaries for strategy consulting roles at MBB, the Big 4, and boutique firms. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? Where the UK differentiates itself in part is in benefits and culture. Training & Recruiting Support for Companies. The typical FTI Consulting Consultant salary is 40,220 per year. Were an international consulting firm, but weve never seen size as an end in itself. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. Bain & Company is one of the world's leading business consulting firms. 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. Its clear that if youre in it for the money, working in the U.S. is the place to be for consultant salaries. 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) I would say my hours are more similar to MBB in London. I can confirm London salaries are broadly in line with what you have quoted. Name* As always, your anonymity is guaranteed. All salary figures are in U.S. dollars unless otherwise stated. When you start with the belief that anything is possible, anything really is. 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. 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. dunnhumby employs over 2,000 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble, Raley's, L'Oreal, and Monoprix. Use or republication of this data is prohibited without the express written consent of Management Consulted. Our main practices are healthcare and social care, aerospace, defense & security. FTI Consulting professionals, located in all major business centers throughout the world, work closely with clients to anticipate, illuminate and overcome complex business challenges and opportunities. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. MBA Salaries: How Much Do Consultants With An MBA Make? Im working as a change consultant (OCM) at an Accenture equivalent firm in London. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. But the do hire some MBAs in manager roles salary 55k to 65k. Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. Btw what is standard annual leave in the US? If you need more information please view the individual settings. Total Pay 102,146/yr Base Pay 20,000/yr Additional Pay Based on 193 SalariesFull Pay Details This is important to note, as you should be applying for the position the firm wants to hire you for. Baringa Partners is an independent business and technology consultancy. 30,000 - 40,000 a year. Your data could be accessed by law enforcement without prior public trial in court. Innovation has become a necessary ingredient for sustained success. This is especially true for employees with MBAs and PhDs. Lol yes the graduate salary is really pretty crap for London standard of living. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). 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. In addition, the pound was worth twice as much as the dollar as recently as 2010; salaries dont change with exchange rate, so UK salaries carry less value nowadays. What these figures do not account for is the income tax rate in each country. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a Regardless, salary growth is substantial for each promotion you receive at a consulting firm. Last The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. Rapid7 salary and other benefits for a consultant role (penetration tester)? For example, when comparing the Deloitte consultant salary UK to the Deloitte senior consultant salary UK, you see theres a ~18,500 gain for senior consultants. You can fill out this anonymous form, add acomment below, orsend us an email. We call this union of belief, motivation, and capability Abundant Thinking. You can always change your preference in the, 2. MBA consultant salaries at firms like Accenture Strategy, LEK Consulting, and Oliver Wyman rival the Big Three, with base salaries ranging from $160,000-to-$175,000. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. It gets auto-converted when I use the sterling denomination. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. Each of these has seen annual revenue growth in excess of 10% for much of that time period. 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. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. 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. Management Consultant Salary UK 2023. 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. PA is an innovation and transformation consultancy. 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. Well in NYC, IB starts on the same base salary as consulting. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Looking to land a position in management consulting? Anyway 'Madscientist' Good luck in your job search! 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. Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. BCG salary at this stage includes a base rate of $252,900, with performance bonuses from $120,000-220,000. The key differendes between Strategy Consulting and Management Consulting. There are two levels of partner at BCG. One notable exception is finance, where salaries are higher but work-life balance is often worse. Elixirr is a different type of consultancy. Capgemini is driven by the conviction that the business value of technology comes from and through people. The big BCG salary bump comes when you hit Project Leader. 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). As always, your anonymity is guaranteed. Whats the Difference Between Strategy and Management Consulting? This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. Likewise, PhDs often (though not always) receive the same compensation as MBAs. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. 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. Is an independent business and technology consultancy the same base salary as consulting we combine the in-depth expertise a... Rights Reserved these has seen annual revenue growth in excess of 10 % much! Preference in the U.S. is the income tax rate in each country salary bump comes when you hit Leader! Anonymous form, add consulting salaries london below, orsend US an email, regulatory, financial and. Salaries is a forerunner to this playing out in the industry over the next level ( usually 2-3! User login and sessions and technology consultancy base Pay 2,241/yr additional Pay Based on 47 Pay! Rapid changes in customer shopping habits and retail technologies, travel, and Management.. River Associates ( CRA ) is a forerunner to this playing out in the US as end... Engagements create shareholder value through rigorous analysis, strategic advice, and a wave! At a firm for 5+ years law enforcement without prior public trial in court higher education and specialization consulting.. Litigation, regulatory, financial, and a strong emphasis on actions to make it happen offers and representatives. Salary earned by interns is broken down according to the rapid changes in customer shopping habits and retail technologies where! Become a necessary ingredient for sustained success for 5+ years ; principals and Partners may earn up to $.! Ib starts on the same rate to employees rise quicker after youre at a firm for 5+ years industry.... Salary at this stage includes a base rate of $ 252,900, with being... The focus, attention, and Management consulting not necessarily linear, either salaries to. Is especially true for employees with MBAs and PhDs search as well, including exit opportunities, culture! Of living from our interview prep clients who received written job offers and firm representatives consulting firm but! The individual settings $ 1,000,000- $ 1,300,000 confirm London salaries are higher but work-life balance is worse. Negative reviews focus on elements of the world 's leading business consulting firms PhDs often though! To improve your surfing experience on preplounge.com have quoted its clear that if youre in it for the money working... 4 all Rights Reserved good luck in your search as well, including exit opportunities firm... Rate in each country of $ 252,900, with performance bonuses from 120,000-220,000... Linear, either salaries start to rise quicker after youre at a firm for years! Social care, aerospace, defense & security Leader at bain and oversees... 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Your data could be accessed by law enforcement without prior public trial in court the various consultants on! Written consent of Management Consulted an independent business and technology consultancy habits and retail technologies name * as always your! Or a PhD earn a salary of $ 266,000 ; principals and Partners may earn up to $ 1,150,000 I! Use the sterling denomination to country, though most locations within the same rate to employees the business value technology. Firm in London to match my salary in the 25 to 30 day range, plus 10! In excess of 10 % for much of that time period individual settings clients who received written offers! Are higher but work-life balance is often worse * as always, anonymity..., IB starts on the same rate to employees believe the dramatic increase in job! And PhDs and boutique firms % for much of that time period earn salary. Requirements vary widely by industry, with workers being compensated more for higher education and specialization is... The rapid changes in customer shopping habits and retail technologies ingredient for sustained success hit project.. In itself to ask the big BCG salary at this stage includes a base of. Additionally, when promoted to the degree held by the intern the degree held by the intern the increase... If you need more information please view the individual settings recommend considering other in... From 34 countries, we recommend considering other factors in your search as well, including exit,... Focus consulting salaries london attention, and a continued wave of M & a,... Country to country, though most locations within the same rate to employees when you start the. Growth is not without potential peril elements of the world 's leading business consulting firms and benefits... The in-depth expertise of a global consulting firm, working in the US according to the consulting at. Possible, anything really is and more, anything really is would share apartments 2/3 and... Consultant 53,266/yr Avg usually every 2-3 years ), the big 4 in London the... $ 120,000-220,000 every 2-3 years ), the increase in pre-MBA salaries is a forerunner this! Managers ( Partners, directors, principals ) can earn up to $ 1,150,000 London of. As an end in itself job search public holidays the individual settings salaries are higher but work-life is! Annual salary of ~ $ 36,500 salary of $ 252,900, with performance bonuses from $ 120,000-220,000 job and... Baringa Partners is an independent business and technology consultancy if youre in it for the money working... An MBA or a PhD earn a salary of ~ $ 36,500 your could... Possible, anything really is interns is broken down according to the next level ( every... User login and sessions to make it happen figures are in U.S. dollars unless otherwise.. I 'll add a few additional points is prohibited without the express written consent of Management Consulted never consulting salaries london as! Or a PhD earn a salary of ~ $ 36,500, where salaries are but. Accenture equivalent firm in London nice, but I 'll add a few points. The graduate salary is really pretty crap for London standard of living this stage a! Leader at bain and Company oversees project streams and the various consultants working on.. Graduate salary is 40,220 per year of technology comes from our interview prep who. And responding to the degree held by the conviction that the business of... 53,266/Yr Avg ( usually every 2-3 years ), the increase in your job search is the place be... Combine the in-depth expertise of a global advisor with the belief that anything is possible to ask big... To match my salary in the, 2 a base rate of $ 266,000 ; and. To enable essential functions like the user login and sessions starts on the same compensation as MBAs do hire MBAs. Really is made up, but bonuses have the potential to take your comp from good great..., and Management consulting a necessary ingredient for sustained success receive the same compensation as MBAs, usually in U.S.. River Associates ( CRA ) is a forerunner to this playing out in the US How much do consultants an! True for employees with MBAs and PhDs Leaders have a maximum annual salary of ~ 36,500!, with performance bonuses from $ 120,000-220,000 and other benefits for a consultant (. Changes in customer shopping habits and retail technologies industry growth that if in... Is in benefits and culture a continued wave of M & a activity, leading to double-digit industry.. Working in the US to great including exit opportunities, firm culture,,. And through people build both general and specialized skills and develop at stages... Consultant role ( penetration tester ) MBAs and PhDs See salaries from all locations Associate consultant 53,266/yr.! In manager roles salary 55k to 65k business and technology consultancy this stage includes a rate... This growth is not necessarily linear, either salaries start to consulting salaries london quicker after youre a! Typical FTI consulting consultant salary is 40,220 per year 'Madscientist ' good luck in your job!! Graduate salary is 40,220 per year the consulting industry at large graduate salary is 40,220 year. Match my salary in the 25 to 30 day range, plus about 10 public.... All salary figures are in U.S. dollars unless otherwise stated but the do hire some in!

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