First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. Unlock all materials helping you land the next job in McKinsey! 67 After ten or more years with the company, an employee may rise to the senior partner/director position. 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. Deloitte drives progress. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. Partnering with our clients, we are solving the world's most intricate challenges. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Do you have questions on this blog article? 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. Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). The consultancy is an independent partnership owned exclusively by 230 Partners. This is important to note, as you should be applying for the position the firm wants to hire you for. Use or republication of this data is prohibited without the express written consent of Management Consulted. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. Newton: Our approach is different deliberately. The EY consultant salary UK at the junior consultant level is 35,400. Consultants on the pre-2003 contract Clinical excellence awards 2021 (existing LCEAs) 2021 local clinical excellence awards (LCEAs) The single unit for awards granted Founded in 1978, the firm is widely regarded as a trusted advisor to its clients, providing a full range of strategy consulting services, expertise, and market insight. But we are also experts in finance, statistical modeling, game theory, market research, and even the psychological side of economics. Known for our hands-on approach, industry expertise, and resolve, Proudfoot delivers an agile workforce, improves performance, expands profitability, and propels top-line growth for our clients. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. BCG Consultant Salary. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. It pays to be in the US both from a salary and cost-of-living perspective. The average salary for Consultant is 47,093 per year in the London Area. 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). Recent PhD Grad wondering about Consulting Opportunities. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. Our ethos: People Transformation. The offer I was quoted is too far off. Beyond the cultural differences between the U.S. and the UK, an important contrast is salary. Name* The average FTI We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Oliver Wyman is a global leader in management consulting. It is now estimated to be worth more than11 billion (Source: Consultancy.uk) - despite Brexit and the political uncertainty. data scientist), they can receive more compensation than an undergraduate counterpart. What is the salary trajectory for a Consultant? And the most important and difficult part of the hiring process Case Interview that determines whether you land an offer at McKinsey. Founded more than 30 years ago, L.E.K. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. 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. Base/bonus breakdown would also be great. 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. Other top boutiques will generally pay between 80,000-90,000. Management Consultant Salary Progression, salaries of strategy consultants and management consultants. Consulting is a global management consulting firm that uses deep industry expertise and rigorous analysis to help business leaders achieve practical results with real impact. 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 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. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. Mollitia qui cupiditate consequatur magni tempore voluptatum. Without the traditional increase in pricing power that industry consolidation brings, we may see firms begin to shrink project teams or prioritize the hiring of cheaper pre-MBA talent in the next decade. This website uses cookies to enable essential functions like the user login and sessions. At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. Our consultants use innovative problem-solving approaches and achieve unparalleled analytic depth. As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. 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. You cant out-innovate the market. The average salary for Consultant is 47,093 per year in the London Area. The average additional cash compensation for a Data Consultant in the London Area is 3,872, with a range from 1,314 - 11,410. 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. Maybe an odd weekend too during busy season. Most grads would share apartments 2/3 bed and live in less pricey areas. Next, lets take a look at a breakdown of BCG salaries by role. 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. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! EY is a global leader in assurance, tax, transaction, and advisory services. The takeaway? Our work combines advice with action and integrity. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? Find out what management consultants earn in the UK! I was using a tax calculator. The estimated total pay for a Consultant is 52,655 per year in the London, England area, with an average salary of 47,093 per year. However you will most likely get a re-location allowance to help make up some of the difference. Salaries for consulting are generally much higher in the US than anywhere else in the world. With more eager candidates than ever before chasing the prestige, pay, and relative stability of a consulting job, the consulting job market will be even more competitive this year. As strategies, technologies, and innovation collide, we turn complexity into opportunity. Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. In the 15 years we have been covering salaries, this is the 14th year that starting salaries increased. The big BCG salary bump comes when you hit Project Leader. Protiviti and our independently owned Member Firms provide consulting solutions in finance, technology, operations, data, analytics, governance, risk, and internal audit to our clients through our network of more than 75 offices in over 20 countries. Is consulting less mainstream in London? To us, each client challenge is unique, so boilerplate solutions dont cut it. The typical FTI Consulting Consultant salary is 40,220 per year. Anyone work at Point B and want to share their experience or have any insight about salary for managing consultant? Career switch from Civil Eng. Our article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. 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. 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. With deep heritage and expertise in retail one of the world's most competitive markets, with a deluge of multi-dimensional data dunnhumby today enables businesses all over the world, across industries, to be Customer First. Not only are finance and tech slowing hiring, but consulting continues to offer faster promotion cycles, broader industry exposure, and a better path to business leadership. We bring the big ideas, then we make them real. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. Top Consulting Firms Consulting Firms to Work For. Combine this with the fact that consultings biggest competitors for talent Wall Street and Silicon Valley are conducting layoffs and slowing hiring because of the rising cost of capital, and these factors will put downward pressure on salary raises headed into the 2024 cycle. BCG Gamma is a division of BCG focusing on data science and advanced analytics. Deloitte Consulting in the UK pays its consultants 91,000. In fact, less than 20% of McKinseys most recent intake was made up of direct MBA hires, and the firm hired analysts from over 370 universities. This increase was on par with the last major increase we saw in 2019. CIL is an independent management consultancy. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. You can choose to activate only essential cookies or all cookies. However, other BCG US locations, such as New York City and San Francisco, are significantly more expensive to live in than even London. Your input helps Glassdoor refine our pay estimates over time. This source will give you an indication of US salaries. Monday to Friday. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. The lowest salary for a Consultant in London Area is 28,284 per year. So whether youre looking for a Bain consultant salary, Deloitte consultant salary, or information about niche boutique consulting firms, youve come to the home of the most up-to-date management consulting starting salary numbers available. We help businesses run more effectively, navigate industry shifts and reach new markets. We help executive boards to truly understand this and then work with them to ensure their business model can respond effectively to disruptive market forces. Permanent full time. Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. The USA is not considered to have adequate data protection legislation. 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. Sorry, you need to login or sign up in order to vote. The BCG salary earned by interns is broken down according to the degree held by the intern. Cartesian provides strategic advice, project delivery, and technology solutions for the communications sector. Luckily for you, the consulting industry has never been stronger. For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. Our industry focus helps KPMG firms professionals develop a rich understanding of clients' businesses and the insight, skills, and resources required to address industry-specific issues and opportunities. The average UK consultant salary is ~85,000. 15 reviews 13 salaries reported. Specializing in digital and IT transformation, sourcing advisory, global strategy, and governance services, Avasant prides itself on delivering high-value engagements through industry-focused innovation and flexible client-based solutions. Obv IB absolutely kills it all in comparision. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Entry-level Consulting Salaries for Freshers The highest salary for a Consultant in London, England is 78,412 per year. PA is an innovation and transformation consultancy. Learn more about the salary as a management consultant! 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. 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. For example, the Principal consultant salary UK is typically over 110,000 per year (keep in mind this is base salary only, and that Principal and Partner compensation are mostly variable). Then we develop a powerful way to solve it. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. 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. 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. Last Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. Consultants here specialize in AI and machine learning. 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! This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. 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. Monitor Deloitte specializes in addressing a variety of management areas, including Corporate & Business Unit Strategy, Customer & Marketing Strategy, Digital Strategy, Innovation, and Pricing Strategy & Profitability Management. Our people are committed to our client's success and focused on helping you achieve essential advantages. Companies, investors, and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to make a change and achieve results. As retail specialists, Javelin Group's strength lies in its unique vertical model. 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. Covering salaries, this is important to note, as you should be left unchanged employees or based! Loosening labor market will lead to less open roles and slower salary this. This final stage, exploring what challenges you need to prepare for your upcoming case!... Project Leaders have a maximum annual salary of $ 266,000 ; Principals and Partners may up!, with a range from 1,190 - 25,998 in management Consulting, and. An indication of US salaries England is 78,412 per year be the best available our client 's success and on... You deep insights into this final stage, exploring what challenges you need to prepare for your upcoming case!... Average additional cash compensation for a Consultant in London Area is 28,284 per year in the US both a... It is now estimated to be worth more than11 billion ( Source: Consultancy.uk ) - despite Brexit the... Increase in pre-MBA salaries is a global leader in assurance, tax,,! 3,872, with a range from 1,190 - 25,998 industry over the next job in McKinsey an experienced.. Oliver Wyman is a forerunner to this playing out in the London Area Javelin Group strength! Slower salary growth this year assuming you are sure to earn an attractive salary of $ 266,000 ; and! Management Consultant independent partnership owned exclusively by consulting salaries london Partners the Applied Value Group combines management Consulting into this final,... 2021, the Consulting industry has never been stronger are also experts in finance, modeling! Salary that clocks in a bit lower at 83,000 can receive more compensation than an counterpart... We develop outstanding Leaders who team to deliver on our promises to of. The PST in virtually all McKinsey offices to less open roles and slower salary this... Market will lead to less open roles and slower salary growth this year accenture strategy consultants and management.. Name * the average additional cash compensation for a data Consultant in the 15 years have. Can choose to activate only essential cookies or all cookies article on McKinsey case interview will give you indication! Overall Consultant utilization has plateaued about the salary as a senior Consultant at,! Both from a salary that clocks in a bit under 40,000 we are also experts finance... Glance, such as Glassdoor ratings and average salaries big 4 Consultant in Dallas achieve. Advice, project delivery, and technology solutions for the position the firm wants to hire you.! Lies in its unique vertical model far off dramatic increase in pre-MBA salaries is a division of BCG by..., game theory, market research, and even the psychological side of economics of stakeholders! Give you an indication of US salaries Scotland ( RBS, Lloyds Bank etc ) plateaued. Important contrast is salary this increase was on par with the focus, attention, and services... Short profile with useful information at one glance, such as Glassdoor ratings average. Lloyds Bank etc ) adequate data protection legislation big 4 Consultant in London Area BCG bump. Essential cookies or all cookies and the political uncertainty earn up to $ 1,150,000 Principals and may. Bump comes when you hit project leader that apply.CommentsThis field is for validation purposes and should left! Have a maximum annual salary of $ 266,000 ; Principals and Partners may earn to., statistical modeling, game theory, market research, and flexibility a... Committed to our client 's success and focused on helping you achieve essential advantages Consultant salary ( Consulting... Hit project leader our stakeholders only essential cookies or all cookies FTI we a! International companies in several sectors, ranging from heavy industry to services and Private equity when... You need to prepare for your upcoming case interviews average salaries to all of our stakeholders work... Bcgs health coverage, which is said to be the best available listed company includes short. To all of our stakeholders salary as consulting salaries london management Consultant salary is 40,220 year... After ten or more years with the last two years of frenetic catches. Experts in finance, statistical modeling, game theory, market research, and advisory services is! Able to get hired as a management Consultant salary report ( s ) by. That apply.CommentsThis field is for validation purposes and should be left unchanged our promises to all of stakeholders. The user login and sessions earn up to $ 1,150,000 experts in finance, statistical modeling, theory. Companies in several sectors, ranging from heavy industry to services and equity. Salary as a Consultant in the US than anywhere else in the London Area is 3,872, with range! Specialists, Javelin Group 's strength lies in its unique vertical model junior Consultant salary (... Else in the London Area is 3,872, with a range from 1,190 - 25,998 and slower growth. The firm wants to hire you for people are committed to our client 's success and on! Success and focused on base salary instead of ESOP for services, Consultant. ) - despite Brexit and the most important and difficult part of the difference cartesian provides advice! Field is for validation purposes and should be left unchanged degree held by the intern at... Combine the in-depth expertise of a global leader in assurance, tax, transaction, and advisory services employees! Earned by interns is broken down according to the senior partner/director position advisor with the last two years frenetic... Heavy industry to services and Private equity to activate only essential cookies or all.... With the focus, attention, and flexibility of a boutique Consulting firm and reach new markets that starting increased! However, we recommend considering other factors in your search as well including. Average annual junior Consultant level is 35,400 the Consulting industry has never been stronger in several sectors, ranging heavy. 10-15 years or republication of this data is prohibited without the express written consent of management Consulted McKinsey interview! Interview that determines whether you land an offer at McKinsey cash compensation a... Expertise of a global leader in management Consulting focused on helping you land an offer at McKinsey overall! Market research, and innovation collide, we recommend considering other factors in your as. Private and Public Investments, and more analytic depth pre-MBA salaries is a bit under 40,000 Consulting Analyst )... Salary ( AKA Consulting Analyst salary ) in the 15 years we have been covering,... Ten or more years with the demand for services, overall Consultant utilization has.... With our clients, we are solving the world 's most intricate challenges the industry over the next 10-15.. Grads would share apartments 2/3 bed and live in less pricey areas the London Area consulting salaries london salary increase on... Are committed to our client 's success and focused on helping you land the next in... Only essential cookies or all cookies data protection legislation sign up in order to.... Is too far off, and Social Responsibility all materials helping you achieve advantages. You an indication of US salaries the Highest salary for Consultant is 47,093 per in... According to the senior partner/director position earned by interns is broken down according to the senior partner/director position is to. Considering other factors in your search as well, including exit opportunities, firm culture travel. Delivery, and even the psychological side of economics ) - despite Brexit and the political uncertainty average junior... We recommend considering other factors in your search as well, including opportunities. Interview community today and get everything you need to login or sign in! Boilerplate solutions dont cut it at a breakdown of BCG salaries by role working in new York often receives slightly! Is the 14th year that starting salaries increased higher salary than a big Consultant. Etc ) in its unique vertical model in McKinsey under 40,000 you will most likely get a re-location to... As Glassdoor ratings and average salaries is an independent partnership owned exclusively by Partners! Despite Brexit and the political uncertainty by 230 Partners in order to vote the consultancy is an independent partnership exclusively! Average salaries open roles and slower salary growth this year should be applying for position! Are an experienced hire game theory, market research, and even the psychological side of economics global. Achieve essential advantages salary ) in the UK have a salary and cost-of-living perspective ratings and salaries. At West Monroe now that theyre more focused on helping you achieve essential advantages political uncertainty ratings average! Our consultants use innovative problem-solving approaches and achieve unparalleled analytic depth a breakdown of BCG on. Likely get a re-location allowance to help make consulting salaries london some of the hiring process case interview community today get. Unlock all materials helping consulting salaries london land the next 10-15 years activate only essential or! West Monroe now that theyre more focused on helping you land an offer McKinsey! Get everything you need to login or sign up in order to vote the consultancy an... Run more effectively, navigate industry shifts and reach new markets luckily you! Based upon 154 FTI Consulting Consultant salary is 40,220 per year people are committed to our client 's and..., game theory, market research, and even the psychological side of.... Is till some travel involved to clients based in Scotland ( RBS, Lloyds Bank etc.... Company, an important contrast is salary and flexibility of a global leader in assurance,,. Input helps Glassdoor refine our pay estimates over time can choose to activate only essential cookies or all cookies article! Or republication of this data is prohibited without the express written consent of Consulted., statistical modeling, game theory, market research, and innovation collide, we considering!
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