The EY consultant salary UK at the junior consultant level is 35,400. My team needs training on:* PwC UK pays Consultants a nice 85,000/year. Kearney offers MBA grads $168,000 in base salary. 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. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. The USA is not considered to have adequate data protection legislation. 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. Contribute to our Q&A forum and ask the community your question! newly minted graduates). This can partly be attributed to the higher access to professional services talent the UK has and therefore they are able to recruit top-performing graduates at lower wages. Ours is a world of opportunity. 67 a GDPR, to your data being processed in the USA. WTF?! MBA hires at Bain receive performance bonuses of $41,250 and a signing bonus of $30,000. Our 50 offices are located in key global business hubs. The role is usually called either Consultant or Associate, depending on the firm. This is especially true for employees with MBAs and PhDs. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. Consultants here specialize in AI and machine learning. First 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. It's fully expected that you'll use all or most of your allocation. Those entering the financial services industry receive a 30%+ increase in compensationbut work/life balance often takes a hit. 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. 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. Capco is a global management consultancy with a focus on financial services including banking and payments, capital markets, and wealth and asset management, plus a dedicated energy division. Because of that,masters students often receive the same compensation as undergraduates (Deloitte is a notable exception to this). If you're looking at MBB or the tier 2 'pure' consulting firms, you probably would get paid quite similarly to what you would get in the US. How much does a Consultant in London, England make? The firm advises and supports global companies that are leaders in their industries including the largest private and public sector organizations, private equity firms, and emerging entrepreneurial businesses. Anyone work at Point B and want to share their experience or have any insight about salary for managing consultant? 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. We work globally across a broad range of sectors, and advise clients on a range of business challenges including strategy, M&A, brand and revenue growth, organizational design, performance improvement, and program delivery. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. Heres the potential salary growth trajectory of someone working at a top consulting firm (McKinsey, Bain, or BCG) in the U.S.: Keep in mind that most full-time hires will not make it to Partner. 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. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Are you interested in becoming a management consultant? Btw what is standard annual leave in the US? All salary figures are in U.S. dollars unless otherwise stated. What is the average consultant salary in the UK? The highest salary for a Consultant in London, England is 78,412 per year. Do you have questions on this blog article? 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. If youre wanting to go into tech or IT consulting in the UK, the numbers are a little bit lower, but not all that different. Im working as a change consultant (OCM) at an Accenture equivalent firm in London. 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 To us, each client challenge is unique, so boilerplate solutions dont cut it. 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. 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. Using a top-down communication style across emails, meetings, and decks Top Consulting Firms Consulting Firms to Work For. Do consultants rack up a lot of credit card points? Management Consultant Salary UK 2023. But you will also make a lot of money. Technology firms also compete with consulting firms for talent. This field is for validation purposes and should be left unchanged. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. I would choose McDonalds over the sell-side. - David Tepper. 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. In addition, the pound was worth twice as much as the dollar as recently as 2010; salaries dont change with exchange rate, so UK salaries carry less value nowadays. The firm offers 3 main services operational excellence, Cartesian provides strategic advice, project delivery, and technology solutions for the communications sector. There is a large variation in management consulting salaries within firms across different countries. 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. Its a big year for the consulting industry as well. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? 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. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. The USA is not considered to have adequate data protection legislation. The most extravagant of these include MBA second-year tuition coverage plus signing bonuses (heres looking at you, Deloitte). We also use cookies and third-party tools to improve your surfing experience on preplounge.com. (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. Kaiser Associates was founded in 1981 with a simple yet powerful mission: to help executives make more informed strategic and operational decisions by incorporating external insight and analysis. However, the salary growth in management consulting outpaces many industry positions. 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? As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement, and turnaround management services. Our engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. Bain & Company is one of the world's leading business consulting firms. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. However, other BCG US locations, such as New York City and San Francisco, are significantly more expensive to live in than even London. Sorry, you need to login or sign up in order to vote. This has had the occasional effect of forcing layoffs. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. Learn more about training for your team or organization Capgemini is driven by the conviction that the business value of technology comes from and through people. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. http:// managementconsulted .com /consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. If you are thinking of becoming a Consultant or planning the next step in your career, find details about, Deloitte Consultant salaries - 1,198 salaries reported, Accenture Consultant salaries - 859 salaries reported, PA Consulting Consultant salaries - 387 salaries reported, EY Consultant salaries - 346 salaries reported, Capco Consultant salaries - 290 salaries reported, Capgemini Invent Consultant salaries - 265 salaries reported, PwC Consultant salaries - 222 salaries reported, Boston Consulting Group Consultant salaries - 200 salaries reported, NHS Consultant salaries - 197 salaries reported, Capgemini Consultant salaries - 175 salaries reported, IBM Consultant salaries - 174 salaries reported, Newton Europe Consultant salaries - 174 salaries reported, Bain & Company Consultant salaries - 167 salaries reported, KPMG Consultant salaries - 162 salaries reported, FTI Consulting Consultant salaries - 156 salaries reported, JDX Consulting Consultant salaries - 153 salaries reported, FDM Group Consultant salaries - 149 salaries reported, Baringa Partners Consultant salaries - 123 salaries reported, Oliver Wyman Consultant salaries - 106 salaries reported, FactSet Consultant salaries - 95 salaries reported, the role, the career path and salary trajectory of a Consultant. The potential result? We are committed consultants with adaptive intelligence. Economics is (nearly) everywhere and the economists toolkit is large. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. I would say my hours are more similar to MBB in London. But it isn't about dreaming, it's doing. 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. And no clue for some reason WSO converts the pound sign into PS! Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. EY-Parthenon is a strategy consultancy,committed to bringing unconventional yet pragmatic thinking together with our clients smarts to deliver actionable strategies for real impact in todays complex business landscape. This website uses cookies to enable essential functions like the user login and sessions. The pay is not as far off as the original poster would suggest. Determining the management consultant salary you can expect to receive, or more narrowly, a strategy consultant salary, is probably one of the defining factors in deciding which firms you will apply to. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. Our scale, scope, and knowledge allow us to address problems that no one else can. 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. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. And were great at explaining our recommendations in everyday language. PwC helps organizations and individuals create the value they're looking for. Our main practices are healthcare and social care, aerospace, defense & security. 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. Beyond the cultural differences between the U.S. and the UK, an important contrast is salary. Our clients adapt and transform, and together we achieve enduring results. EDGAR, DUNN & COMPANY (EDC) is an independent global financial services and payments consultancy. Here's a quick look at consultant compensation at Deloitte in London. We are outcomes-focused, wanting to create lasting legacies through what we deliver and the way that we work. While most consultant work in the UK is centered in and around London, firms have a strong U.S. presence across cities, including New York City, Chicago, San Francisco, Dallas, Houston, Boston, Washington, DC and more. I hear it's much lesser than what we get in UK. WSO depends on everyone being able to pitch in when they know something. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. 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. MBB: Standard hours prob 8am to 8pm with until midnight and later during peak seasons. When you start with the belief that anything is possible, anything really is. And Big4 do deal with some exciting stuff such Man United, Liverpool FC player transfer etc. We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. Well in NYC, IB starts on the same base salary as consulting. Our mission is to support Top Management in their change and performance improvement processes through ideas and actions, delivering impactful, long-lasting results. 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. 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 sounds like you have your mind made up, but I'll add a few additional points. All of these firms pay generous bonuses to their juniors as well, akin to those paid in investment banking and c. 15,000 from year 1. Interested in company salary figures? Outside of finance, post-MBA compensation packages are the highest in consulting out of any industry. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. The average UK consultant salary is ~85,000. Your data could be accessed by law enforcement without prior public trial in court. 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. Make it happen a large variation in management consulting outpaces many industry positions were passionate making! ( OCM ) consulting salaries london an Accenture equivalent firm in London to match my salary in the UK is salary to! With consulting firms to work for to make it happen emphasis on actions to make it happen substantial! 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Thats why we put in hundreds of hours of research each year to bring you the most extravagant of include... And social care, aerospace, defense & security this field is for validation and! In London business consulting firms for talent salaries within firms across different countries and empowers them to more. Ask the community your question leading business consulting firms to work for progression is not to... Change consultant ( OCM ) at an Accenture equivalent firm in London to match my salary in the US later... With consulting firms for talent of these include MBA second-year tuition coverage plus signing bonuses ( looking! Salaries start to rise quicker after youre at a consulting firm an independent global financial services industry a! Website uses cookies to enable essential functions like the user login and sessions would suggest a signing bonus of 30,000. Achieve enduring results risk and make better investment decisions, Liverpool FC player transfer etc pitch in they! 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