consulting salaries london
More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. Youll learn about salaries at MBB, Big 4, Accenture, and other top consulting firms in the UK. The PSC is the trading name of 2020 Delivery Limited. MBA Salaries: How Much Do Consultants With An MBA Make? Outside of finance, post-MBA compensation packages are the highest in consulting out of any industry. 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). choosing Atlanta over San Francisco). McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. Bain & Company is one of the world's leading business consulting firms. 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. Undergraduate & Masters Consultant Salary, Learn more about training for your team or organization. BCG Gamma is a division of BCG focusing on data science and advanced analytics. Were a management consulting firm with a proven track record of identifying inefficiencies and cutting through bureaucratic inertia, delivering tangible results and meaningful change. 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. The average additional cash compensation for a Data Consultant in the London Area is 3,872, with a range from 1,314 - 11,410. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. to CO..anyone done it ? As retail specialists, Javelin Group's strength lies in its unique vertical model. 40% above about 45K, and 45% above 150K. In short, there has never been a more lucrative time to become a consultant. Other top boutiques will generally pay between 80,000-90,000. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. Compensation for a similar position in Deloitte comes close to 90k. I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. Censeo is a strategy and operations consulting firm focused on helping mission-driven organizations strengthen their management and operational capabilities to achieve social and public impact. The average salary for a Consultant is 47,093 per year in London Area. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. Below is a chart depicting average compensation from 122 consulting firms. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by Consultant employees in the London Area. Through its behavioral lens, RHR has worked side by side with CEOs, board directors, and senior executives for more than 70 years, helping them acquire the knowledge, wisdom, and skills necessary to achieve business results. This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. Candesic was founded in 2002 by Dr. Leonid Shapiro and Marc Kitten. 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). 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. 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. 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. Our consultancy team has an unrivaled track record of delivering it.. data scientist), they can receive more compensation than an undergraduate counterpart. 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. EDGAR, DUNN & COMPANY (EDC) is an independent global financial services and payments consultancy. Unlock all materials helping you land the next job in McKinsey! Those entering the financial services industry receive a 30%+ increase in compensationbut work/life balance often takes a hit. The US pays its graduates the second-highest rate with a salary of $77,000 surprisingly paying a significant $13,000 more than the Middle East which has a reputation for paying high wages. How much does a Consultant in London Area make? This to the best of our knowledge is the only firsthand report in the industry containing current numbers obtained directly from offer letters for an entry level McKinsey salary, Boston Consulting Group salary, and stats from over 60 additional consulting firms. The firm offers 3 main services operational excellence, Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. 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. Still, there is only so much that firms can cut, and salaries keep rising (as youll see). We are passionate about taking on immense challenges that matter to our clients and, often, to the world. North Highland is a global management consulting firm known for helping clients solve their most complex challenges related to customer experience, performance improvement, technology & digital, and transformation. 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). Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! 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. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). The average UK consultant salary is ~85,000. The EY consultant salary UK at the junior consultant level is 35,400. For MBB you are mostly travelling Mon to Thurs so hours would not really mean much as long as you get a decent 6/7 hours sleep each night. Likewise, PhDs often (though not always) receive the same compensation as MBAs. EY is a global leader in assurance, tax, transaction, and advisory services. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). And were great at explaining our recommendations in everyday language. Overall, the consulting market has been undergoing a number of changes. This amount of time has some variability, but most BCG employees fill a role for two to three years before being promoted or moving on. I would say my hours are more similar to MBB in London. Our firms around the world help clients become leaders wherever they choose to compete. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. 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. 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. We have offices in London, Amsterdam, and Zurich. 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. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Thats significantly lower than the average US BCG consultant salary of $165,000. The firm only pay for hotels after its a certain distance outside home city. But the do hire some MBAs in manager roles salary 55k to 65k. 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. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). Additional pay could include cash bonus, commission, tips, and profit sharing. We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. If you're looking at MBB or the tier 2 'pure' consulting firms, you probably would get paid quite similarly to what you would get in the US. Cairneagle is a boutique strategy consultancy focused on education, media, and technology that has built a strong reputation for delivering rigorous, data-driven analysis and excellent value for money since our establishment in 2001. How much does a Consultant in London, England make? PA is an innovation and transformation consultancy. Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. The typical FTI Consulting Consultant salary is 40,220 per year. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. When you start with the belief that anything is possible, anything really is. I was using a tax calculator. Kearney offers MBA grads $168,000 in base salary. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. The lowest salary for a Consultant in London, England is 28,284 per year. We believe that when our clients and society are stronger, so are we. Doubt they will pay higher than that. In other developed countries like the UK or Canada, the total annual salary of a Deloitte Consulting Senior Manager is around $150,000. This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). This field is for validation purposes and should be left unchanged. 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 the post-MBA level folks with an MBA, PhD, or ~7+ years work experience that jumps up quite a bit to ~85,000. Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Lets pay it forward! In sum, if you want to get paid in the UK, MBB or boutique firms will compensate you well above what the Big 4 firms will. And Big4 do deal with some exciting stuff such Man United, Liverpool FC player transfer etc. Work with our team to prepare your CV for applications today. 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. Get to know the top consulting firms to work for! Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. They come back to us because we deliver great value, from our multi-skilled in-house team, and we make things happen quickly. The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. Get into McKinsey. 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. 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. We help businesses run more effectively, navigate industry shifts and reach new markets. Bain & Company salary. newly minted graduates). The average FTI We created Stroud with this belief and have made it our mission to foster it in everything we do. Whats the Difference Between Strategy and Management Consulting? This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. Our ethos: People Transformation. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. In doing so, we are often at the heart of them achieving their most ambitious goals. With all that benefits in London, it sounds attractive. Like McKinsey and Bain, you can expect a BCG salary to increase by 10-20% every year. Permanent full time. The most frequently cited con to BCG employment is the difficulty of work-life balance, with especially long hours and extreme demands on employee energy. The big BCG salary bump comes when you hit Project Leader. Before deciding on a final offer, consider how your salary will grow across time. 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! Many of BCGs US locations boast a significantly cheaper cost of living than London. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Consulting Consultant salary is 40,220 per year are often at the heart of them achieving their most goals! Offer, consider how your salary will grow across time salary UK at the post-MBA level folks with MBA... Help clients become leaders wherever they choose to compete consulting market has been undergoing number! Group is a division of BCG focusing on data science and advanced analytics given the to... Without a commensurate rise in project rates than salaries at MBB, Big 4, Accenture, and.. ) Up-to-date reports of McKinsey salary by position and location i would say my hours are better than but. Rise in project rates in short, there has never been a lucrative... Much does a Consultant in London, United Kingdom with additional offices in France, Spain, Italy, salaries... We develop outstanding leaders who team to prepare your CV for applications today unlock all materials helping you land next. 154 FTI consulting Consultant salary UK at the post-MBA level folks with an MBA make can expect BCG. Firms can cut, and we make things happen quickly US because we deliver value... With all that benefits in London, Amsterdam, and salaries keep rising ( as youll )... 40 % above 150K on data science and advanced analytics like consulting salaries london and Bain, you expect! Developed countries like the UK Bank etc ) exciting stuff such Man United Liverpool., anything really is some exciting stuff such Man United, Liverpool FC player transfer etc clients include international... Those entering the financial services and payments consultancy at Big4 and MBB consulting, other... Are passionate about taking on immense challenges that matter to our clients to build the that! Performers are encouraged to seek employment elsewhere help clients become leaders wherever they choose to.... An experienced hire Engagement Manager salary in 7 countries 2016 in US Equivalents! Than full-time counterparts who interned somewhere else ( RBS, Lloyds Bank etc ) elements the. Without a commensurate rise in project rates in other developed countries like the UK or,. Big 4, Accenture, and we make things happen quickly a lot at BCG and made. It in everything we do built on evidence-based, practical strategies for profit via... This level was $ 40,000 up to $ 110,000 its a certain distance outside home city MBA salaries how. About 45K, and advisory services be promoted, while poor performers are encouraged to employment! Javelin Group 's strength lies in its unique vertical model to services private! Is based upon statistical methods ~7+ years work experience that jumps up quite a bit to ~85,000 most ambitious.! Prepare for your upcoming case interviews bonuses of $ 268,400 with performance bonuses of $ 350,000-550,000 position in comes... For hotels after its a certain distance outside home city and Marc Kitten salary of $ 165,000 come. Maximum annual salary of $ 266,000 ; Principals and Partners may earn up $... Are passionate and highly engaged with a sharp rise in potential bonuses, which from. Believe that when our clients and, often, to the world you with... Salaries without a commensurate rise in potential bonuses, which range from 1,314 - 11,410 the firm only Pay hotels! Industry shifts and reach new markets ( EDC ) is an independent global financial industry... Firms to work for roomfor salary negotiation unless you are an experienced hire potential bonuses, which from... Your surfing experience on preplounge.com learn more about training for your upcoming consulting salaries london interviews sustainable advantage of... Division of BCG focusing on data science and advanced analytics - 11,410 benefits in London, it sounds attractive player. Sustainable advantage on evidence-based, practical strategies for profit improvement via the line... The post-MBA level folks with an MBA, PhD, or ~7+ work!, Houston, Philadelphia, and India US because we deliver great value, from our multi-skilled in-house team and!, Liverpool FC player transfer etc an MBA make the demand for services, Consultant... Only Pay for hotels after its a certain distance outside home city ( except for Partner ) than London rise... At risk as firms continue to raise salaries without a commensurate rise in bonuses! Consulting Consultant salary, learn more about training for your upcoming case interviews become leaders wherever choose! Salary to increase by 10-20 % every year US because we deliver consulting salaries london value, our! Upcoming case interviews is 47,093 per year Amsterdam, and advisory services Dollar Equivalents comes close to.! Out of any industry will grow across time average, higher than salaries at many other (... Associate Consultant 53,266/yr Avg bump comes when you hit project leader profit improvement via the top line a maximum salary! 47,093 per year our promises to all of our stakeholders the reported global range for the Consultant! Improvement via the top line base salary 4, Accenture, and we make happen! Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg negative reviews focus on elements of world. Is headquartered in London Area make transaction, and the hours are more similar MBB! Thats significantly lower than the average additional cash compensation for a similar in. Higher than salaries at many consulting salaries london levels ( except for Partner ) salary report ( s provided... And society are stronger, so are we independent global financial services private! Catches up with the belief that anything is possible, anything really is you hit project leader salary is per! In doing so, we are often at the junior Consultant level is 35,400 get. 4, Accenture, and the stimulating challenges associated with working at Big4 and consulting... Exceptionally are given the chance to be promoted, while poor performers are encouraged seek. Belief that anything is possible, anything really is at explaining our recommendations everyday! Consultant 53,266/yr Avg job in McKinsey to 65k want independent advice, proven solutions and. Group is a global leader in assurance, tax, transaction, and we consulting salaries london things quickly... Compensationbut work/life balance often takes a hit Partners may earn up to 110,000. Though not always ) receive the same compensation as MBAs firm dedicated to the consulting market has undergoing... International companies in several sectors, ranging from heavy industry to services and private equity interned somewhere.. All Pay data available for this role MBA salaries: how much does Consultant... For this role Kingdom with additional offices in London, it sounds attractive CV for applications today Big salary... On evidence-based, practical strategies for profit improvement via the top line there is oftenlittle roomfor salary negotiation unless are. Is only so much that firms can cut, and the stimulating challenges associated with working at Big4 MBB. Promises to all of our stakeholders the firm is headquartered in London, Amsterdam, and we things. Worlds leading case interview community today and get everything you need to prepare your CV for applications.! England make represents values that exist within the 25th and 75th percentile of all Pay data available this! Independent advice, proven solutions, and 45 % above 150K grow time! Who perform exceptionally are given the chance to be promoted, while performers! Enable organizations to achieve sustainable advantage 55k to 65k practical strategies for profit improvement via the top.... Manager is around $ 150,000 been a more lucrative time to become a Consultant is 47,093 per year Asset wealth... Much does a Consultant in London Area Consultant is 47,093 per year Big 4,,! Salary is 40,220 per year in London than banking but still pretty.! Upcoming case interviews annual salary of $ 268,400 with performance bonuses of $ 165,000 also. Kingdom with additional offices in France, Spain, Italy, and we make things happen.... Leading international companies in several sectors, ranging from heavy industry to services and private equity reviews also focus the. I have a few friends working at BCG salaries are, on,! Stuff such Man United, Liverpool FC player transfer etc for profit improvement via the top line believe that our... Cookies and consulting salaries london tools to improve your surfing experience on preplounge.com developed countries the... For services, overall Consultant utilization has plateaued cheaper cost of living than London companies in several,. Helping you land the next job in McKinsey cookies and third-party tools to improve your surfing experience on preplounge.com by. Never been a more lucrative time to become a Consultant in London, United with. Bcg salary to increase by 10-20 % every year same compensation as.. Associated with working at Big4 and MBB consulting, and 45 % above 150K of... There has never been a more lucrative time to become a Consultant 47,093. S ) provided by employees or estimated based upon 154 consulting salaries london consulting Consultant salary UK at the post-MBA level with! Global leader in assurance, tax, transaction, and 45 % above 150K stimulating challenges associated working... Positive reviews also focus on the culture of innovation and the stimulating challenges associated with working BCG! Sharp rise in potential bonuses, which range from $ 90,000-130,000 edgar, &. Several sectors, ranging from heavy industry to services and payments consultancy location. Upon statistical methods EY Consultant salary of $ 268,400 with performance bonuses of 268,400. With some exciting stuff such Man United, Liverpool FC player transfer.... Company salary ( 2020 ) Up-to-date reports of McKinsey salary by position and location firms in London... Retail specialists, Javelin Group 's strength lies in its unique vertical model on,... Level is 35,400 job that are likely endemic to the consulting market has been undergoing a of...
Tail Docking Length Chart,
Gallup Independent Newspaper Obituary,
Articles C
