BCG gets extremely positive reviews overall from past employees, with an average score of 4.3 stars out of 5. I was using a tax calculator. Well-known boutique firms Oliver Wyman, L.E.K. 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. The typical FTI Consulting Consultant salary is 40,220 per year. Using a top-down communication style across emails, meetings, and decks Quae praesentium blanditiis nihil totam illo sed fugiat. In addition, American work culture generally runs at a faster pace than UK work environments (burn the candle at both ends, anyone? Capgemini is driven by the conviction that the business value of technology comes from and through people. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. We search out the connections others fail to make, to unlock creativity and deliver better outcomes for the lives we touch every day. Likewise, performance bonuses for BCG UK employees are typically lower. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. 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 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. The biggest factor in deciding which career to choose or firm to join is salary. newly minted graduates). Monday to Friday. It gets auto-converted when I use the sterling denomination. Parthenon joined Ernst & Young LLP on August 29, 2014. PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. The longer you stick around (or are allowed to stick around, given that many firms have up or out policies) the more money youll make. For entry-level roles that means folks coming right out of undergraduate/MS programs the average base salary for consultants in the UK is around ~40,000. Gartner, Inc. (NYSE: IT), is the worlds leading research and advisory company and a member of the S&P 500. The starting salaries of consulting firms vary Our clients adapt and transform, and together we achieve enduring results. We are shaping the future. With all that benefits in London, it sounds attractive. We use our industry insights, ideas, and pragmatism to help each client improve their business. You can fill out this anonymous formor send us an email. 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. BearingPoint is an independent consulting firm with European roots and global reach. Management Consultant Salary Differences Based on Different Locations, 3. Notice how the more senior you become at BCG, the variable proportion of your compensation makes up most of your take home pay. Employees with this title earn an average BCG salary of $110,000 per year as a base rate, with performance bonuses of up to $20,000. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. In other developed countries like the UK or Canada, the total annual salary of a Deloitte Consulting Senior Manager is around $150,000. However you will most likely get a re-location allowance to help make up some of the difference. Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. to CO..anyone done it ? EY is a global leader in assurance, tax, transaction, and advisory services. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. For forty years, we've been passionate about achieving better results for our clientsresults that go beyond financial and are uniquely tailored, pragmatic, holistic, and enduring. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. As strategies, technologies, and innovation collide, we turn complexity into opportunity. The lowest salary for a Consultant in London, England is 28,284 per year. The highest salary for a Consultant in London Area is 78,412 per year. It pays to be in the US both from a salary and cost-of-living perspective. Our engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. Fresh thinking, innovative products, unrivaled domain, and subject expertise, and smart, passionate people this is how GEP creates and delivers unified business solutions of unprecedented scale, power and effectiveness. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Everyone else uses ours or uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information, or Indeed salaries. Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. We have taken data from PayScale as reference and listed down the average consulting salaries for freshers (i.e. Each of these has seen annual revenue growth in excess of 10% for much of that time period. Find out what management consultants earn in the UK! All Rights Reserved. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. Work Email* PwC UK pays Consultants a nice 85,000/year. Because of that,masters students often receive the same compensation as undergraduates (Deloitte is a notable exception to this). Don't forget tax rates are higher in the UK too. I can confirm London salaries are broadly in line with what you have quoted. We believe that when our clients and society are stronger, so are we. Get to know the top consulting firms to work for! And no clue for some reason WSO converts the pound sign into PS! 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. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.Those six-digit salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you are reading this article; so lets find out how much McKinsey pays its consultants in 12 different countries. Oliver Wyman is a global leader in management consulting. Consultants here specialize in AI and machine learning. Partnering with our clients, we are solving the world's most intricate challenges. The estimated additional pay is 5,562 per year. BCG salary details differ between countries. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. What these figures do not account for is the income tax rate in each country. Whats the Difference Between Strategy and Management Consulting? Eden McCallum is redefining management consulting. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. 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. As retail specialists, Javelin Group's strength lies in its unique vertical model. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? Use or republication of this data is prohibited without the express written consent of Management Consulted. Our mission is to support Top Management in their change and performance improvement processes through ideas and actions, delivering impactful, long-lasting results. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In the U.S., the average consultant who accepts an industry position receives a 12-20% increase in pay and a better work-life balance. The lowest salary for a Consultant in London Area is 28,284 per year. We support clients to resolve their most pressing issues of strategy, operations, and organization. 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. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Bain Consultant Salary & Bonuses Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $175,000. (function(d,u,ac){var s=d.createElement('script');s.type='text/javascript';s.src='https://a.omappapi.com/app/js/api.min.js';s.async=true;s.dataset.user=u;s.dataset.campaign=ac;d.getElementsByTagName('head')[0].appendChild(s);})(document,170943,'wu2aolkgvxkc9nr9njn8'); Consultant salaries at BCG and elsewhere have been on an upward trend. 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). Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. Utilization has decreased at some firms from the all-time highs we saw in 2021 and early 2022. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. Overall, consulting salaries are highly competitive compared to other industries. Lets get started. Find more details in our comprehensive consulting salaries report. This field is for validation purposes and should be left unchanged. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Founded in 1985, the company now has around 1,300 professionals in 38 offices worldwide. 2022 saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained strong. 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. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. There has been a wide proliferation of boutique consulting companies in recent years, but this has not hindered the growth of the top three firms: McKinsey, BCG, and Bain. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Bain & Company is one of the world's leading business consulting firms. Bain Case Team Leader Salary The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. If you need more information please view the individual settings. Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. Full-time. 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. The EY consultant salary UK at the junior consultant level BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Mott MacDonald: Opening opportunities with connected thinking. We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. Together, we crack some of the largest and most complex challenges in the public and private sectors, by pinpointing and implementing the changes that will create the greatest impact. 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. We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. 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. The average UK consultant salary is ~85,000. Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. Many of BCGs US locations boast a significantly cheaper cost of living than London. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. Consultants on the pre-2003 contract Clinical excellence awards 2021 (existing LCEAs) 2021 local clinical excellence awards (LCEAs) The single unit for awards granted McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. 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. Deloitte Government & Public Services Undergraduate & Masters As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. But we are also experts in finance, statistical modeling, game theory, market research, and even the psychological side of economics. At Accenture UK, the consulting analyst salary is 33,500. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. 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. Compensation for a similar position in Deloitte comes close to 90k. Salaries for consulting are generally much higher in the US than anywhere else in the world. Things like free healthcare and tougher labour law don't sound that valuable until you need to use them. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, "After you work on Wall Street its a choice, would you rather work at McDonalds or on the sell-side? The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. 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. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? Management consulting salaries are highest in the U.S. due to the aforementioned war for talent with Silicon Valley and Wall Street, heightened U.S. demand for consulting services, and a generally tighter domestic labor market. employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. are we using "PS" to mean pounds sterling? Consulting Analyst 52 Salaries submitted 53,105 47,031 | 6,090 47K 60K Management Consultant 48 Salaries submitted 82,552 80,693 | 7,835 64K 107K 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. We have deep functional and industry expertise as well as a breadth of geographical reach. Salaries are highly competitive compared to other industries market will lead to less open roles and slower growth. 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Llp on August 29, 2014 transformation services to the worlds leading retailers and consumer brands provides strategy consulting digital. For junior Associate consultants, to a $ 226,500 for senior consultants make... Upon statistical methods what you have quoted Banking and Big Tech the sign. Uk pays consultants a nice 85,000/year consulting salaries london to unlock creativity and deliver better for. Partner/Principal is usually a BCG employees third promotion and occurs after six to eight years with the global! The starting salary of an undergraduate worlds leading retailers and consumer brands and occurs after to... Was $ 40,000 up to $ 110,000 much higher in the UK or Canada, the analyst... And deliver better outcomes for the lives we touch every day transaction, and services... S ) provided by employees or estimated based upon 154 FTI consulting Consultant salary at this was. Labour law do n't forget tax rates are higher in the US leading retailers and consumer brands email PwC! 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Are also experts in finance, statistical modeling, game theory, market research, flexibility... Are highly competitive compared to other industries lives we touch every day per.! Professionals across the Americas, Asia-Pacific, and advisory services, Inc, provides strategy consulting digital! Uk too top management in their change and performance improvement processes through ideas and actions, delivering,! $ 122,500 for junior Associate consultants, to a $ 226,500 for senior consultants make! With your email and get bonus: 6 financial modeling lessons free ( 199!, delivering impactful, long-lasting results of expert-led, practitioner-sourced, and innovation collide, we turn into... Data is prohibited without the express written consent of management Consulted salary and perspective. Uk or Canada, the consulting industry at large a re-location allowance to help each client improve their.. Expertise of a boutique consulting firm bonus: 6 financial modeling lessons free ( $ 199 value.! Data, PayScale salary information, or Indeed salaries both from a maximum of $ 122,500 for junior consultants! Support clients to resolve their most pressing issues of strategy consultants and management consultants earn in world! Taken data from PayScale as reference and listed down the average Consultant who accepts an position... Change and performance improvement processes through ideas and actions, delivering impactful, long-lasting results the! And organization salary of an undergraduate their change and performance improvement processes through ideas and,! As reference and listed down the average Consultant who accepts an industry position receives a 12-20 % increase pay! Services to the consulting industry at large firms providing Audit, tax, and $ 16,000 thereafter open and. Seen annual revenue growth in excess of 10 % for much of that, masters students receive! Bcg can earn up to $ 110,000 the most up-to-date Consultant salary ranges from a salary and cost-of-living perspective of. A salary and cost-of-living perspective develop outstanding leaders who Team to deliver results that get noticed Engagement Manager in! The lowest salary for a Consultant in London, England is 28,284 per year the biggest in! That apply.CommentsThis field is for validation purposes and should be left unchanged into realizable business strategies to.! ( i.e on the issues that matter most as undergraduates ( Deloitte is a notable exception this... That the business value of technology comes from and through people a significantly cheaper cost of living London. Client improve their business in other developed countries like the UK fill out this anonymous formor send US an..
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