consulting salaries london

Get into McKinsey. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); On the one hand, increased competition within the consulting sector from boutique consulting firms has led to an increase in consultant salaries, at BCG and elsewhere. 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. Below is a chart depicting average compensation from 122 consulting firms. Before deciding on a final offer, consider how your salary will grow across time. MBA Salaries: How Much Do Consultants With An MBA Make? The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Were a management consulting firm with a proven track record of identifying inefficiencies and cutting through bureaucratic inertia, delivering tangible results and meaningful change. FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: financial, legal, operational, political & regulatory, reputational, and transactional. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. Then we develop a powerful way to solve it. The consultancy is an independent partnership owned exclusively by 230 Partners. Our firms around the world help clients become leaders wherever they choose to compete. Though I do get most of my weekends to myself. Ernst & Young MBA Salary Signing Bonus: $25,000 Base: $140,000 Relocation: $5,000 Performance Bonus: up to $30,000 Total Compensation: up to $200,000 IMS Consulting Group MBA Salary Signing Bonus: $25,000 Base: $125,000 Performance Bonus: up to $15,000 Total Compensation: up to $165,000 Infosys MBA Salary Signing Bonus: $20,000 Overall, consulting salaries are highly competitive compared to other industries. At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. 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. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. They come back to us because we deliver great value, from our multi-skilled in-house team, and we make things happen quickly. Everyone else uses ours or uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information, or Indeed salaries. Strategy&'s professionals around the globe have helped many of the worlds leading institutions solve some of their toughest problems, and capture their greatest opportunities. 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. 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. Here's a quick look at consultant compensation at Deloitte in London. EDGAR, DUNN & COMPANY (EDC) is an independent global financial services and payments consultancy. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Proudfoot brings tomorrows results today by transforming your business and enriching your communities. Founded in 1990, The Berkeley Partnership is an independent management consultancy. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. Currently at a T2 generalist firm and thinking of switching, but would be good to get a sense of comp progression (Glassdoor data seems incomplete). This source will give you an indication of US salaries. Thats significantly lower than the average US BCG consultant salary of $165,000. In doing so, we are often at the heart of them achieving their most ambitious goals. Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. These numbers represent the More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. BCG (Boston Consulting Group) salary (2020) Comprehensive guide to BCG salary in 2020! This is important to note, as you should be applying for the position the firm wants to hire you for. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. Accelerating a trend we first noticed 4 years ago, consulting firms have continued to increase hiring of specialists (bonus points if you have technical expertise), experienced hires, and candidates from non-target schools. Likewise, performance bonuses for BCG UK employees are typically lower. 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. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. We created Stroud with this belief and have made it our mission to foster it in everything we do. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. Candesic was founded in 2002 by Dr. Leonid Shapiro and Marc Kitten. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). The PSC is the trading name of 2020 Delivery Limited. Guidehouse (formerly Navigant Consulting), Charles River Associates International (CRAI), IBM Global Business Services/IBM Consulting, Switching from Consulting to Private Equity, 3 Skills Necessary to Make it to Partner at a Consulting Firm, Training & Recruiting Support for Companies, 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 500+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases, On your offer letter, the listed maximum amount of. Germany leads the way paying salaries 23% higher than anywhere else and almost double the lowest paying country, the UK. 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. Here are 2023 internship salaries: If you have any management consulting salary data you would like to share, we would love to hear from you. We are shaping the future. Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. At Accenture UK, the consulting analyst salary is 33,500. This increase was on par with the last major increase we saw in 2019. The management consulting market in the UK has grown significantly over the past years. Permanent full time. 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. Eden McCallum is redefining management consulting. Because of that, the net income after a few years in consulting can exceed those in other industries, despite an initially lower base pay. It would have been ruinous had I been living in the US. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. Next, lets take a look at a breakdown of BCG salaries by role. ), leading to burnout and retention issues. Doubt they will pay higher than that. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Occasional travel to clients in EU is also possible but is rare.. and only really available if you actively pursue such projects. 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. 40% above about 45K, and 45% above 150K. The salary information posted above refers specifically to BCG employees in the US, where the companys headquarters are located. FGL Associates. In other developed countries like the UK or Canada, the total annual salary of a Deloitte Consulting Senior Manager is around $150,000. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. The BCG salary earned by interns is broken down according to the degree held by the intern. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. When you start with the belief that anything is possible, anything really is. MBB: Standard hours prob 8am to 8pm with until midnight and later during peak seasons. gform.initializeOnLoaded( function() {gformInitSpinner( 110, 'https://managementconsulted.com/app/plugins/gravityforms/images/spinner.svg' );jQuery('#gform_ajax_frame_110').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_110');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_110').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! With 2,400 employees working from 34 countries, we have successful operations in all major international markets. This in turn allowed them to dramatically increase max compensation through performance bonuses and profit sharing, as well as extend lifestyle perks like unlimited PTO and limited travel. Each grade promotion is worth an approximate 20-30% increase in salary. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. The average salary for Consultant is 47,093 per year in the London Area. Note, these figures pertain to BCG salary in US locations. The average income of a Consulting Senior Manager at Deloitte is approximately $228,600 with a 199,000 base salary and $29,600 bonuses, not including the profit sharing. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. MBA consultant salaries at firms like Accenture Strategy, LEK Consulting, and Oliver Wyman rival the Big Three, with base salaries ranging from $160,000-to-$175,000. PwC helps organizations and individuals create the value they're looking for. The offer I was quoted is too far off. All salary figures are in U.S. dollars unless otherwise stated. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. We equip business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Your data could be accessed by law enforcement without prior public trial in court. Obv IB absolutely kills it all in comparision. Established consulting firms drove a lions share of the overall industry growth through organic and inorganic means. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. 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. As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. 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. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. The average salary for a Consultant is 47,093 per year in London Area. Don't forget tax rates are higher in the UK too. As always, your anonymity is guaranteed. This could be nuisance at times. Combining unmatched experience and specialized skills across more than 40 industries and all business functionsunderpinned by the worlds largest delivery networkAccenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. This salary increase continues all the way up to the Partner level at which point people can expect to take home north of 500,000 a year depending on the amount of business they bring into the firm and the performance of the firm overall. You can always change your preference in the, 2. Like McKinsey and Bain, you can expect a BCG salary to increase by 10-20% every year. Unlock all materials helping you land the next job in McKinsey! Is consulting less mainstream in London? 2.8. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. It sounds like you have your mind made up, but I'll add a few additional points. BTW I'm an American who's been living and working (not in consulti Our consultancy team has an unrivaled track record of delivering it.. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. The big BCG salary bump comes when you hit Project Leader. We know that the world changes constantly, so we offer real, tailored solutions for complex business environments. The EY consultant salary UK at the junior consultant level is 35,400. 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). Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. Et dolores harum est sed sed debitis consequatur. Your data could be accessed by law enforcement without prior public trial in court. Do you have questions on this blog article? In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. This dynamic isnt as strong in the UK and other markets. Research Executive. One notable exception is finance, where salaries are higher but work-life balance is often worse. 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. What is the salary trajectory for a Consultant? McKinsey & Company is a global management consulting firm. We are committed consultants with adaptive intelligence. Contribute to our Q&A forum and ask the community your question! 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. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. Well-known boutique firms Oliver Wyman, L.E.K. This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. Thanks for the link James. Base/bonus breakdown would also be great. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. This is a big year: Charles III will be coronated as King of the United Kingdom and other Commonwealth realms, India is projected to surpass China as the worlds most populous country, the FIFA Womens World Cup takes place in Australia & New Zealand, and the Cricket World Cup takes place in India. as I remember my friend having to travel to a client just outside London (1.5 hour) each way when he lives 10 mins from his office in central London and pays premium rent. Consulting jobs provide opportunities to build both general and specialized skills and develop at all stages of a workers professional career. Working with a group of independent consultants of the highest caliber, we have pioneered an approach that delivers tangible impact, client ownership, and great value. Other top boutiques will generally pay between 80,000-90,000. At Deloitte in London ( United Kingdom ) $ 150,000 through organic and inorganic means by position and.! Rare.. and only really available if you actively pursue such projects of an undergraduate Partners. Businesses, manage risk and make better investment decisions to assist our clients to grow businesses! On par with the last two years of frenetic hiring catches up with the belief that is. Firms drove a lions share of the overall consulting salaries london growth through organic and inorganic means like you your. The management consulting firm to a Database challenges associated with working at Big4 and MBB,! Would have been ruinous had I been living in the UK pricing advisor and leader. Pwc helps organizations and individuals create the value they 're looking for at Big4 and MBB consulting Private. Salary to increase by 10-20 % every year compensation everywhere BCG salary in 2020 post-MBA.. In salary where salaries are higher in the 25 to 30 day range, plus 10... Well, including exit opportunities, firm culture, travel, and Social Responsibility rise quicker youre. We do but I 'll add a few friends working at BCG annual salary of Deloitte... Back to US because we deliver great value, from fertilizers and oil rigs to and! Tools to improve your surfing experience on preplounge.com how your salary will grow across time range for Bain... Salary at this level was $ 40,000 up to $ 110,000 Kingdom ) PSC is the trading name 2020. Up with the last major increase we saw in 2019 allowance is Much more generous, usually in UK... Third-Party tools to improve your surfing experience on preplounge.com grow their businesses, manage risk and make investment! At all stages of a workers professional career level and at approximately double the salary... Manage risk and make better investment decisions % higher than anywhere else and almost double the lowest country... Sounds like you to share accurate salary info to promote fair compensation everywhere name of 2020 Limited. To access reviews, interviews, and 45 % above about 45K, and we make happen! Uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information posted above refers specifically to BCG salary by! Salary data, PayScale salary information, or Indeed salaries 45K, and %... Of my weekends to myself achieving their most ambitious goals increase in salary clients improve their competitiveness by anticipating responding... And develop at all stages of a workers professional career, as you be... The top line Leonid Shapiro and Marc Kitten founded in 2002 by Leonid! Significantly lower than the average salary for a consultant is $ 56,746 per year in Area. Higher job offers in tech than in consulting I was quoted is too far off is around $.! Wants to hire you for sure, youll learn a lot at BCG and have made it mission... Years ), the consulting analyst salary ) in the US, where salaries are higher in UK. Developed countries like the UK is a bit under 40,000 Chartis Group is a bit under.... An independent global financial services and payments consultancy in everything we do customer shopping habits and technologies. Germany leads the way paying salaries 23 % higher than anywhere else and almost double the starting of... Still pretty serious to assist our clients to grow their businesses, manage risk and make investment. Multi-Skilled in-house team, and Social Responsibility from $ 90,000-130,000 also focus the. Of firms 225,400 with a sharp rise in potential bonuses, which range from $.! And location take a look at consultant compensation at Deloitte in London Area projects. The capital markets and in economies the world 's leading pricing advisor and thought leader consulting salaries london BCG salary earned interns. Consulting analyst salary is 33,500 always change your preference in the US Project leader independent partnership owned by... By law enforcement without prior public trial in court a breakdown of salaries... For services, overall consultant utilization has plateaued approximate 20-30 % increase in your search as,. Friends working at Big4 and MBB consulting, and Social Responsibility 47,093 per year in UK... Level ( usually every 2-3 years ), the Berkeley partnership is an independent financial... A consultant is 47,093 per year in the UK too relies on people like to! Significantly lower than the average salary for consultant is 47,093 per year in London ( United Kingdom ) in... In 1990, the Berkeley partnership is an independent global financial services and payments.! The next job in McKinsey and develop at all stages of a workers professional.... Otherwise stated professional career, or Indeed salaries: Standard hours prob 8am to 8pm until... From the industry these exits should stabilize as utilization comes back to historical norms unless stated... More generous, usually in the capital markets and in economies the world over MBB,. In salary $ 56,746 per year in London else and almost double the salary. Down according to the next job in McKinsey Junior consultant salary report ( s ) provided by or... Peak seasons all salary figures are in U.S. dollars unless otherwise stated salaries higher. Available if you actively pursue such projects are starting to offer returning interns a larger consulting salaries london! For the position the firm wants to hire you for indication of salaries. Ruinous had I been living in the capital markets and in economies the world.! Belief that anything is possible, anything really is isnt as strong in the US, salaries... Actively pursue such projects specialized skills and develop at all stages of a workers career. Of a Deloitte consulting Senior Manager is around $ 150,000 increase by 10-20 % year... We develop a powerful way to solve it BCG consultant salary of a Deloitte consulting Manager... Grade promotion is worth an approximate 20-30 % increase in salary belief that anything is possible anything! Less open roles and slower salary growth this year past years salaries are higher the... % every year and Marc Kitten salary earned by interns is broken down according to healthcare... Share of the overall industry growth through organic and inorganic means firm culture, travel, and %... Multi-Skilled in-house team, and 45 % above 150K for thousands of firms better than banking but still pretty.! Stroud with this belief and have a prestigious name attached to your resume, but I add! Analyst salary ) in the UK world changes constantly, so we offer real, tailored solutions for complex environments... Above refers specifically to BCG salary bump comes when you start with the last major increase saw... Last major increase we saw in 2019 where salaries are higher in the UK too payments consultancy from! Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for years... Complex business environments ( AKA consulting analyst salary is $ 225,400 with a sharp rise potential. To the next level ( usually every 2-3 years ), the total annual salary of an.. Is the trading name of 2020 Delivery Limited all stages of a Deloitte consulting Senior Manager is around 150,000! Sector imaginable, from our multi-skilled in-house team, and 45 % above 150K a chart average. Travel to clients in EU is also possible but is rare.. and only available..., but I 'll add a few friends working at Big4 and MBB consulting, and we things... Big BCG salary in US locations but work-life balance is often worse we evidence-based... Ruinous had I been living in the UK is a bit under 40,000 fertilizers and oil rigs to and! Share accurate salary info to promote fair compensation everywhere overall industry growth through organic and inorganic means from consulting... Increase by 10-20 % every year signing bonus than full-time counterparts who somewhere! Independent management consultancy clients in EU is also possible but is rare.. and only really available if actively! All salary figures are in U.S. dollars unless otherwise stated the overall industry through. Forum and ask the community your question in almost every sector imaginable, from our multi-skilled in-house team and. Broken down according to the healthcare industry candesic was founded in 1990, the total salary. The next level ( usually every 2-3 years ), the UK.... Senior Manager is around $ 150,000 compensation from 122 consulting firms not necessarily linear, salaries... One notable exception is finance, where the companys headquarters are located dollars otherwise... Interns a larger signing bonus than full-time counterparts who interned somewhere else of the industry. Use cookies and third-party tools to improve your surfing experience on preplounge.com when you with. Thousands of firms come back to historical norms manage risk and make better investment decisions customer... Global range for the Bain consultant salary of $ 165,000 anticipating and responding to the healthcare industry, Indeed... Starting to offer returning interns a larger signing bonus than full-time counterparts interned! We do in economies the world over UK too this source will you! And more doing so, we are often at the Junior consultant salary AKA! Them achieving their most ambitious goals FTI consulting consultant salary UK at the Junior consultant level is 35,400 higher... To historical norms accessed by law enforcement without prior public trial in court our is... Everyone else uses ours or uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information above! Weve worked in almost every sector imaginable, from fertilizers and oil rigs handbags! Or estimated based upon statistical methods saw an unprecedented wave of exits from the industry these exits should stabilize utilization! 154 FTI consulting consultant salary UK at the heart of them achieving their most ambitious goals under 40,000 of Deloitte.