Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. When comparing consulting roles to those in industry at the same level, there are few better options when it comes to total comp. The EY consultant salary UK at the junior consultant level is 35,400. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. 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. Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. I suffered a pretty serious injury outside of work last year that saw me in the hospital for 5 days and off work for 2 months. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. 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) We help asset and wealth management businesses use technology to turn goals into reality. 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. 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. Before deciding on a final offer, consider how your salary will grow across time. employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. Our servers are powered by electricity from renewable sources. We help our clients change the game in their industries, and we're changing the game on our own. As retail specialists, Javelin Group's strength lies in its unique vertical model. Clients are surprised at the breadth of our work. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. 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. Thanks for the link James. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and I can confirm London salaries are broadly in line with what you have quoted. Apparently theres a national issurance or smth like that, so the true tax rate is a lot higher. Do consultants rack up a lot of credit card points? 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. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). To us, each client challenge is unique, so boilerplate solutions dont cut it. Using a top-down communication style across emails, meetings, and decks Though I do get most of my weekends to myself. 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. Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. Base/bonus breakdown would also be great. Career switch from Civil Eng. Combining analytics, technology, and industry experience, we can help you succeed in it faster. Our firms around the world help clients become leaders wherever they choose to compete. Do you have any consulting salary data or comments that you would like to share? The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Location work from home. Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. However, the salary growth in management consulting outpaces many industry positions. Quae praesentium blanditiis nihil totam illo sed fugiat. Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. Consulting jobs provide opportunities to build both general and specialized skills and develop at all stages of a workers professional career. Well in NYC, IB starts on the same base salary as consulting. The big 4 bonuses aren't that great at junior levels at least (~10% to 15% max) and there is no sign on as AFAIK. This increase was on par with the last major increase we saw in 2019. So far, margins have been protected by a decrease in operational costs (i.e., smaller office space, less travel). McKinsey Engagement Managers in the US may earn up to $250,000 per year in salary, with $175,000 base and $77,000 performance bonus. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. Germany leads the way paying salaries 23% higher than anywhere else and almost double the lowest paying country, the UK. 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. 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. 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 biggest factor in deciding which career to choose or firm to join is salary. I would say my hours are more similar to MBB in London. 1 Like 4 Comments Share We are passionate about taking on immense challenges that matter to our clients and, often, to the world. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Click here to see the total pay, recent salaries shared and more! Americans, on average, work more hours with less time off than their UK counterparts. As always, your anonymity is guaranteed. Finally, some employees lamented an inability to align available promotions and career development opportunities with their personal interests. We equip business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. At the post-MBA level folks with an MBA, PhD, or ~7+ years work experience that jumps up quite a bit to ~85,000. Sorry, you need to login or sign up in order to vote. You can fill out this anonymous form, add acomment below, orsend us an email. Monthly internship salaries are typically prorated based on starting salaries for new hires. Work Email* Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. But if thats not possible for you, the UK is a fantastic market for you to launch or continue your consulting career, giving you the opportunity to work with world-class clients in one of the largest economies of the world. Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. Then we develop a powerful way to solve it. 2005-2022 Wall Street Oasis. The estimated total pay for a Consultant is 52,652 per year in the London, England area, with an average salary of 47,092 per year. And we help governments design innovative policies and regulatory systems. This is the only originally sourced data available in the industry. Pye Tait Consulting is a well-established research company with strong values centred on delivering high quality outputs that contribute to social and economic development. We are the trusted advisor to the world's leading businesses, governments, and institutions. 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. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. Thus, the cost of living can vary considerably for consultants working in the US, while most UK consultants can expect London living expenses, which doesnt help. The UK Consultant salary at MBB firms ranges from 90,000-93,000. Name* Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. 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. The dunnhumby Customer Science Platform is our unique mix of technology, software, and consulting enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers in-store, offline and online. The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. PwC UK pays Consultants a nice 85,000/year. First We have supported over 300 clients across 5 continents, including a third of the FTSE 100, 40% of the AEX, a third of the world's largest private equity firms, and 50 of the global Fortune 500. Research Executive. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. Partnering with our clients, we are solving the world's most intricate challenges. BTW I'm an American who's been living and working (not in consulting but looking to get into it) in London for nearly 5 years, and not looking to move back anytime soon. Second, you can increase your take-home income by choosing an office location where the cost of living is lower(e.g. 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 the 15 years we have been covering salaries, this is the 14th year that starting salaries increased. This has two important implications. Anyway, I've decided to stay in NYC for at least a bit more. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. 2022 saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained strong. Don't forget tax rates are higher in the UK too. 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). He said that since they couldn't compete with banker pay, they compete on quality of life. Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. Your data could be accessed by law enforcement without prior public trial in court. 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. PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. The average additional cash compensation for a Data Consultant in the London Area is 3,872, with a range from 1,314 - 11,410. Management Consultant Salary UK 2023. Welcome to 2023, and our updated management consulting salaries report! In addition, the US market is experiencing a war for talent between Silicon Valley, Wall Street, and consulting. Anyway 'Madscientist' Good luck in your job search! Masters-level graduates get offered around $100,000 in base salary at Bain. Each of these has seen annual revenue growth in excess of 10% for much of that time period. 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. Were founded on the belief that businesses are more than the bottom line, and that peopleour clients, our team, and our communitycome first. How much does a Consultant in London, England make? Looking to land a position in management consulting? We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. Making more effective live presentations For over 25 years, we have helped clients worldwide build and execute strategies that transform the products, services, and organizations that shape the industries in which they operate. Recently, I was thinking of gaining some international exposure by moving to London. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. Though in my predicament, this is pretty much a non-option, the big 4 clearly has a different wage structure - I was reading some of the UK forums and they were paying the same salaries in London more than a decade ago. Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. Value Partners is a Management Consulting and Digital firm, founded in Milan in 1993. And the most important and difficult part of the hiring process Case Interview that determines whether you land an offer at McKinsey. This goes for base pay and bonuses (signing and performance), even after currency conversion. In this article, well take a deeper look at that and compensation expectations in consulting by position. 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 led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). 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. This is important to note, as you should be applying for the position the firm wants to hire you for. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. London is calling! At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. Technology firms also compete with consulting firms for talent. 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. 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