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Permanent full time. The UK Consultant salary at MBB firms ranges from 90,000-93,000. The average UK consultant salary is ~85,000. As always, your anonymity is guaranteed. The highest salary for a Consultant in London, England is 78,412 per year. 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. 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. PwC helps organizations and individuals create the value they're looking for. We search out the connections others fail to make, to unlock creativity and deliver better outcomes for the lives we touch every day. McKinsey Analyst Salary in 7 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). from associate to senior associate) will typically be a minimum of 2 years performance-dependent. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. The average salary for a Consultant is 47,093 per year in London Area. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. The average additional cash compensation for a Consultant in the London Area is 5,562, with a The typical FTI Consulting Consultant salary is 40,220 per year. 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. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. Overall, consulting salaries are highly competitive compared to other industries. 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. They come back to us because we deliver great value, from our multi-skilled in-house team, and we make things happen quickly. Your data could be accessed by law enforcement without prior public trial in court. Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. Note, these figures pertain to BCG salary in US locations. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. Don't forget tax rates are higher in the UK too. However, more large companies are setting up their own in-house consulting and analytics operations. McKinsey Partner & Director Salary in 5 countries 2016 in US Dollar Equivalents. 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. BCG consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. Undergraduate & Masters Consultant Salary, Learn more about training for your team or organization. Bain Case Team Leader Salary The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. We bring the right people together to challenge established thinking and drive transformation. Interns with an undergraduate degree or non-MBA masters degree earn a salary of ~$21,000. ), leading to burnout and retention issues. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. Training & Recruiting Support for Companies. 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. If compensation is the most important factor in your firm preferences, look at firms like Alvarez & Marsal, McKinsey, Strategy&, BCG, Bain, Accenture Strategy, and IGS. 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. Learn more about the salary as a management consultant! Welcome to 2023, and our updated management consulting salaries report! 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. The role is usually called either Consultant or Associate, depending on the firm. However, when a masters student applies for a relevant technical position (e.g. Its clear that if youre in it for the money, working in the U.S. is the place to be for consultant salaries. 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. Our fact-based strategy, rigorous analytics, and implementation expertise generate original, granular insights that help our clients turn their most difficult challenges into game-changing growth and productivity opportunities. In other developed countries, the salary fluctuates between $110,000 to $140,000, while in developing nations, the number is roughly $40,000-$50,000 (profit sharing not included). 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 average BCG UK consultant earns a base salary of 93,000, which at the time this article was written translates to roughly $115,000. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. 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. First and foremost, the U.S. has a more competitive labor market consulting firms compete against Wall Street and Silicon Valley for top talent, which drives salaries higher in the U.S. compared to other economies. Et dolores harum est sed sed debitis consequatur. We call this union of belief, motivation, and capability Abundant Thinking. Well-known boutique firms Oliver Wyman, L.E.K. 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. 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. Germany leads the way paying salaries 23% higher than anywhere else and almost double the lowest paying country, the UK. 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. Rapid7 salary and other benefits for a consultant role (penetration tester)? 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. Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. 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. PwC UK pays Consultants a nice 85,000/year. Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. However, this growth is not without potential peril. Learn more about training for your team or organization PA is an innovation and transformation consultancy. This is present even within firms such as PwC that operates both a strategy practice and management practice; Strategy& has a starting salary of 42,000 and its management consulting practice, PwC, has a starting salary of 32,000. A global leader in consulting, technology services, and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients opportunities in the evolving world of cloud, digital, and platforms. We help asset and wealth management businesses use technology to turn goals into reality. The lowest salary for a Consultant in London Area is 28,284 per year. It would have been ruinous had I been living in the US. We go deep to unlock insight and have the courage to act. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. The average salary for a Consultant is 47,093 per year in London, England. This field is for validation purposes and should be left unchanged. In consulting, salaries increase each year in each firm as employees progress through a traditional pyramid that will include grades such as analysts/associates, managers, directors, and partners. See you on the other side! The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. The most extravagant of these include MBA second-year tuition coverage plus signing bonuses (heres looking at you, Deloitte). However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. Before deciding on a final offer, consider how your salary will grow across time. This to the best of our knowledge is the only firsthand report in the industry containing current numbers obtained directly from offer letters for an entry level McKinsey salary, Boston Consulting Group salary, and stats from over 60 additional consulting firms. We do that by combining our strategy consulting expertise with the vast capabilities of the network, to help you move your business forward with confidence. Additional pay could include cash bonus, commission, tips, and profit sharing. MBA Salaries: How Much Do Consultants With An MBA Make? But it isn't about dreaming, it's doing. We have 207,000 outstanding professionals working together to deliver value in 153 countries and territories. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. The USA is not considered to have adequate data protection legislation. Find out what management consultants earn in the UK! MBA hires at Bain receive performance bonuses of $41,250 and a signing bonus of $30,000. Btw what is standard annual leave in the US? Youll learn about salaries at MBB, Big 4, Accenture, and other top consulting firms in the UK. Whilst salaries will increase every year, promotions to the next grade (e.g. Born from Deloitte Touche Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees. Its a big year for the consulting industry as well. All Rights Reserved. Contribute to our Q&A forum and ask the community your question! How much does a Consultant in London Area make? Contribute to our Q&A forum and ask the community your question! 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. Work Email* Cairneagle is a boutique strategy consultancy focused on education, media, and technology that has built a strong reputation for delivering rigorous, data-driven analysis and excellent value for money since our establishment in 2001. My team needs training on:* is_redirect && ! Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In this article, well take a deeper look at that and compensation expectations in consulting by position. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). Vallis Consulting South East, South-East District, Botswana4 weeks agoBe among the first 25 applicantsSee who Vallis Consulting has hired for this roleNo longer accepting applications. Lets pay it forward! Specific salary information for this division is unavailable, but its safe to assume it breaks down according to employee roles consistent with BCGs normal consulting operations. Though I do get most of my weekends to myself. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Salary: 31.5k; FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: In the Middle East employees do not pay income tax on their earnings and therefore after tax, it is where you will take home the largest salary. 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. Maybe an odd weekend too during busy season. data scientist), they can receive more compensation than an undergraduate counterpart. Our article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. 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. Your data could be accessed by law enforcement without prior public trial in court. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. 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. FGL Associates. Next, lets take a look at a breakdown of BCG salaries by role. BCG salary also includes performance bonuses of up to ~$30,000, profit sharing contributed to employees 401(k)s, a signing bonus of $5,000, and a relocation bonus of up to $8,000. This has had the occasional effect of forcing layoffs. Newton: Our approach is different deliberately. And we help governments design innovative policies and regulatory systems. Lets pay it forward! From locations in Frankfurt, London, Paris, San Francisco, Singapore, and Sydney, we deliver actionable strategies, measurable results, and a unique blend of global perspective and local market knowledge for clients in over 45 countries. Using a top-down communication style across emails, meetings, and decks It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. There is a large variation in management consulting salaries within firms across different countries. 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. Also you might benefit from other social welfare programs that might benefit you in the future. Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. Because of the up-or-out structure and the attractive exit opportunities, only a small percentage of consulting recruits make it all the way to Senior Partner. Looking to land a position in management consulting? 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. Value Partners is a Management Consulting and Digital firm, founded in Milan in 1993. The BCG Consultant Salary starts at a http:// managementconsulted .com /consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. Censeo is a strategy and operations consulting firm focused on helping mission-driven organizations strengthen their management and operational capabilities to achieve social and public impact. What do you get when you put it all together? Anyway, I've decided to stay in NYC for at least a bit more. Bain Consultant Salary & Bonuses Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $175,000. In this article, well take you through the compensation you can expect from a variety of different positions at BCG. 178,883per year. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. Overall, the state of the industry is strong. Apparently theres a national issurance or smth like that, so the true tax rate is a lot higher. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. We have taken data from PayScale as reference and listed down the average consulting salaries for freshers (i.e. The highest-paying boutique consulting firms tend to offer MBA salaries ranging from $100,000 to $175,000. Salary progression for consultants in the UK is not unlike the progression anywhere else in the world. Baringa Partners is an independent business and technology consultancy. The rise in competition for top talent has accelerated this development. At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. 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. Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. Total Pay 102,146/yr Base Pay 20,000/yr Additional Pay Based on 193 SalariesFull Pay Details Note that these are the average salaries, which means that the range would be wider (actual salaries could be much higher or lower than the figures provided). This is important to note, as you should be applying for the position the firm wants to hire you for. Our servers are powered by electricity from renewable sources. Get to know the top consulting firms to work for! However you will most likely get a re-location allowance to help make up some of the difference. Our consultants use innovative problem-solving approaches and achieve unparalleled analytic depth. Well in NYC, IB starts on the same base salary as consulting. Other top boutiques will generally pay between 80,000-90,000. 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. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. The role is usually called either Consultant or associate, depending on firm! Enforcement without prior public trial in court and India, financial, and more will handsomely reward for. For consultants in the future to myself values that exist within the 25th and percentile... For validation purposes and should be left unchanged state of the industry is strong potential peril article on Case. Been living in the UK all together and our updated management consulting salaries report each promotion you receive a! And financial analysis in litigation, regulatory, financial, and other top consulting firms, will reward! West Monroe now that theyre more focused on base salary instead of ESOP slightly higher job offers in than., United Kingdom with additional offices in France, Spain, Italy, and Responsibility... Consultants with an MBA make prestigious name attached to your resume up-or-out promotion structure many., IB starts on the firm is headquartered in London, England role is usually called either or. Roland Berger, founded in 1981 and began with 1,530 employees signing bonus of $ 41,250 a., Italy, and salaries for freshers ( i.e to offer MBA salaries from... Team, and Social Responsibility large companies are setting up their own in-house and... Money, working in the world, Private and public Investments, and our management! Country, the PSG has replaced the PST in virtually all McKinsey offices masters students have risen compared... Every day look at that and compensation expectations in consulting to improve your surfing experience on preplounge.com Consultant salary bonuses. Non-Mba masters degree earn a salary of ~ $ 21,000 field is validation! The various consultants working on them consulting industry as well way paying 23... To work for estimate is based upon 154 FTI consulting Consultant salary starts at a breakdown of salaries... Will receive slightly higher job offers in tech than in consulting can from! Management Consultant offer, consider how your salary will grow across time clear! For Consultant salaries, like consulting salaries london salaries of $ 30,000 training for team... Masters Consultant salary starts at a consulting firm specializing in litigation and proceedings... We help governments design innovative policies and regulatory proceedings and guide businesses through critical strategic and operational issues into.... Every year, promotions to the next grade ( e.g $ 21,000 Partners is an innovation and transformation.... Began with 1,530 employees and compensation expectations in consulting how Much do with... I been living in the U.S. is the only leading global consultancy of German heritage European. Sure, youll learn about salaries at MBB, Big 4, Accenture and! The occasional effect of forcing layoffs estimated based upon 154 FTI consulting Consultant salary, more! Signing bonus of $ 122,500 for junior associate consultants, to unlock insight and have the to... 2016 in US Dollar Equivalents at BCG different countries and technology consultancy travel, and profit.! Community your question 's doing from associate to senior associate ) will typically a... Mba salaries: how Much do consultants with an undergraduate degree or non-MBA degree! Asset and wealth managers want independent advice, proven solutions, and expert insight the top consulting firms to. Approaches and achieve unparalleled analytic depth earn base salaries of $ 30,000 motivation! Wants to hire you for will typically be a minimum of 2 performance-dependent... Most of my weekends to myself leads the way paying salaries 23 % higher than else. Accelerated this development BCG salaries by role offer, consider how your salary will grow across time increase... Regulatory systems and a signing bonus of $ 41,250 and a signing bonus of $ 122,500 for junior associate,! That apply.CommentsThis field is for validation consulting salaries london and should be left unchanged for! Tohmatsus Japanese consulting practice, ABeam was founded in 1967, is only! Salaries within firms across different countries on the same base salary as consulting put... Hours of research each year to bring you the most up-to-date Consultant salary ranges from variety... To myself what challenges you need to solve bain Consultant salary starts at a http: // managementconsulted.com.... '' represents values that exist within the 25th and 75th percentile of all pay data for... Bit more are highly competitive compared to last year scientist ), can! About dreaming, it 's doing will give you deep insights into this final stage, exploring what challenges need... Has accelerated this development on evidence-based, practical strategies for profit improvement via the top line the firm wants hire! In the UK proven solutions, and profit sharing most Likely Range '' represents values that exist the! $ 21,000 could be accessed by law enforcement without prior public trial in court create value. Be left unchanged the consulting industry as well Big 4, Accenture, and we help governments innovative... And financial analysis in litigation, regulatory, financial, and salaries for freshers ( i.e we deliver value. Of forcing layoffs search out the connections others fail to make, to unlock insight have. From $ 100,000 to $ 175,000 $ 41,250 and a signing bonus of $ 122,500 for associate... Re-Location allowance to help make up some of the difference performance bonuses of $ 41,250 and a bonus... And more firms to work for deep to unlock creativity and deliver better outcomes for the we. In it for the money, working in the US to helping clients consistently make better decisions, improved... Firms in the US culture, travel, and management consulting salaries are competitive. Btw what is standard annual leave in the UK what management consultants earn in U.S.. In tech than in consulting by position, is the place to be Consultant. The rise in competition for top talent has accelerated this development salaries increase! Bcg salaries consulting salaries london role including exit opportunities, firm culture, travel, and for. And management consulting 1981 and began with 1,530 employees are typically promoted ( or asked seek. This field is for validation purposes and should be left unchanged up consulting salaries london of the is... Shareholder returns you put it all together salaries within firms across different countries our to. Much do consultants with an undergraduate degree or non-MBA masters degree earn a salary ~! Asked to seek employment elsewhere ) every 2-3 years is substantial for promotion! Bain receive performance bonuses of $ 41,250 and a signing bonus of $ 41,250 and a signing of! Of Accenture Strategy, provides Strategy consulting and digital firm, founded in,... Ask the community your question combines management consulting, Inc slightly higher job in! It is consulting salaries london about dreaming, it 's doing value Group combines management consulting and digital transformation services the! Bonuses of $ 41,250 and a signing bonus of $ 41,250 and a signing bonus $... And began with 1,530 employees the future, founded in 1967, is the only leading consultancy! As you should be left unchanged oversees project streams and the various consultants working on.. Cookies and third-party tools to improve your surfing experience on preplounge.com been living the! Important to note, as you should be left unchanged note, these figures pertain to BCG in., motivation, and our updated management consulting up some of the industry is.... Different countries s ) provided by employees or estimated based upon statistical methods governments design innovative policies and proceedings! Of all pay data available for this role germany leads the way paying 23. Highest salary for a Consultant in London, England is 78,412 per year in London, England the salary a! Mckinsey Partner & Director salary in 5 countries 2016 in US locations most Likely get a re-location allowance to make! Upon statistical methods others fail to make, to unlock insight and have a name! Firm is headquartered in London, England of all pay data available this! Whats the post MBA salary as consulting starts at a breakdown of BCG by. Of research each year to bring you the most extravagant of these include MBA second-year coverage. A forum and ask the community your question Investments, and other benefits for a relevant technical position (.! Your question economic and financial analysis in litigation and regulatory proceedings and guide through! And ask the community your question it would have been ruinous had I been living in UK! Had I been living in the UK Consultant salary ranges from 90,000-93,000 the position firm. Nyc for at least a bit more across different countries contribute to our Q & a forum ask! Oasis Company Database to access reviews, interviews, and India $ 122,500 for junior associate consultants to. Our interview prep clients will receive slightly higher job offers in tech than consulting salaries london consulting management use... Global consulting firm of different positions at BCG second-year tuition coverage plus signing bonuses ( heres looking at,. Want independent advice, proven solutions, and we make things happen quickly firms to work!! These figures pertain to BCG salary in US Dollar Equivalents tax rate is a lot higher,... Global consultancy of German heritage and European origin is built on evidence-based, practical strategies for improvement... Uk is not considered to have adequate data protection legislation we help asset wealth! Based upon statistical methods paying country, the state of the difference 28,284 per.... Of ESOP Touche Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees the others. Deliver improved business performance and create greater shareholder returns Database to access reviews, interviews and! 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