At Accenture UK, the consulting analyst salary is 33,500. Below is a chart depicting average compensation from 122 consulting firms. Entry-level Consulting Salaries for Freshers Management Consultant Salary Differences Based on Different Locations, 3. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. 2005-2022 Wall Street Oasis. The average IT consultant salary in the UK is ~45,000. 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. Its a big year for the consulting industry as well. Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. We have offices in London, Amsterdam, and Zurich. 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. Though in my predicament, this is pretty much a non-option, the big 4 clearly has a different wage structure - I was reading some of the UK forums and they were paying the same salaries in London more than a decade ago. L.E.K. We created Stroud with this belief and have made it our mission to foster it in everything we do. Rapid7 salary and other benefits for a consultant role (penetration tester)? Our data focuses on the key metrics required for effective business management: productivity, technology, operations performance, service quality, sales effectiveness, the share of wallet, market share, brand, and behavioral trends. choosing Atlanta over San Francisco). However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. As strategies, technologies, and innovation collide, we turn complexity into opportunity. BCGs summer internship program runs for 10 weeks. Monday to Friday. One common refrain is the clich that you can have a baby for only $20 in copays. from associate to senior associate) will typically be a minimum of 2 years performance-dependent. Our article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. We support clients to resolve their most pressing issues of strategy, operations, and organization. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Deloitte). Internships are a standard 10 weeks in the United States (early June through first or second full week of August) but the range is 8-12 weeks in Canada and the EMEA. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. Baringa Partners is an independent business and technology consultancy. Big4 MC still spend large majority of time at client site but most client HQs are based in or around London (British Airways, BP, Network Rail etc) King's College Hospital NHS Foundation Trust. 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. 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. Have a look at the guide to consulting resumes to craft the most proper resume that helps you stand out in a huge talent pool. are we using "PS" to mean pounds sterling? Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. Big4 MC still spend large majority of time at client site but most client HQs are based in or around London (British Airways, BP, Network Rail etc) so basically you are still living at home but just commuting to different location every few weeks. 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. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. So whether youre looking for a Bain consultant salary, Deloitte consultant salary, or information about niche boutique consulting firms, youve come to the home of the most up-to-date management consulting starting salary numbers available. However you will most likely get a re-location allowance to help make up some of the difference. It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. The key differendes between Strategy Consulting and Management Consulting. Your data could be accessed by law enforcement without prior public trial in court. When you start with the belief that anything is possible, anything really is. It would have been ruinous had I been living in the US. We work with leading organizations across the private, public and social sectors. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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 && ! Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. 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. London Big 4 rough guide: Undergrad Start: 32k increases to 45k after 2 years when you become an Assistant Manager/Senior Exec, MBA: Big 4 do not require an MBA in UK. Et dolores harum est sed sed debitis consequatur. Together. Capgemini is driven by the conviction that the business value of technology comes from and through people. With an unparalleled depth of expertise in strategic planning, performance excellence, informatics and technology, and health analytics, we help leading academic medical centers, integrated delivery networks, children's hospitals, and healthcare service organizations achieve transformative results. 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. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Likewise, performance bonuses for BCG UK employees are typically lower. Recent PhD Grad wondering about Consulting Opportunities. The EY consultant salary UK at the junior consultant level is 35,400. Do you have any consulting salary data or comments that you would like to share? You can fill out this anonymous form, add acomment below, orsend us an email. Get into McKinsey. Mck email format for someone with 3 names, 101 Investment Banking Interview Questions, Salary For Transaction Services Managers In London, Certified Private Equity Professional - 3rd+ Year Associate, Certified Consulting Professional - Principal, Sample Consulting Case Interview Questions, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Jan 21st - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Private Equity Interview 1-Day Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. 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. Additionally, workers have the opportunity to expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements. Modus Enterprise Consulting London +1 location 1,500 - 2,000 a month Part-time + 1 Monday to Friday Management consulting administrator will be responsible for providing administrative In other firms, salaries are sometimes adjusted to account for living costs. In short, there has never been a more lucrative time to become a consultant. The lowest salary for a Consultant in London Area is 28,284 per year. In addition, American work culture generally runs at a faster pace than UK work environments (burn the candle at both ends, anyone? The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. The EY consultant salary UK at the junior consultant level Proudfoot brings tomorrows results today by transforming your business and enriching your communities. Work with our team to prepare your CV for applications today. salaries in Germany used to be similar to the US when I started around 4 years ago, but with the dollar getting so much stronger since then, there is a big difference nowadays. Doubt they will pay higher than that. It sounds like you have your mind made up, but I'll add a few additional points. Intern average compensation is based on the hourly rate x 2,000 to get the yearly approximation If you would like to learn more about varying consulting firms and their ranking, check out the consulting industry report below! The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Youll learn about salaries at MBB, Big 4, Accenture, and other top consulting firms in the UK. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. Medicspro. For the big 4 MC in London, whats the travel like? Established consulting firms drove a lions share of the overall industry growth through organic and inorganic means. Looking to land a position in management consulting? Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. Do you have questions on this blog article? London is calling! The BCG Consultant Salary starts at a $190,000 base, with max performance bonuses of ~$50,000. Clients are surprised at the breadth of our work. All salary figures are in U.S. dollars unless otherwise stated. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. or Want to Sign up with your social account? However, other BCG US locations, such as New York City and San Francisco, are significantly more expensive to live in than even London. EY is a global leader in assurance, tax, transaction, and advisory services. Not just the costs of supply, movements in demand, pricing, and competitive dynamics. ABeam Consulting strives to give organizations the results and value they are searching for. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. 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. The lowest salary for a Consultant in London, England is 28,284 per year. And were great at explaining our recommendations in everyday language. We specialize in providing unique high-value data and actionable recommendations to help our clients improve their business results. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. We bring the big ideas, then we make them real. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Our work combines advice with action and integrity. We are outcomes-focused, wanting to create lasting legacies through what we deliver and the way that we work. 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. 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. The highest-paying boutique consulting firms tend to offer MBA salaries ranging from $100,000 to $175,000. 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. The average salary for a Consultant is 47,093 per year in London Area. The highest salary for a Consultant in London Area is 78,412 per year. Sorry, you need to login or sign up in order to vote. We help asset and wealth management businesses use technology to turn goals into reality. Below are salary figures for those joining management consulting positions in 2023. Learn more about the salary as a management consultant! Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. 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. Occasional travel to clients in EU is also possible but is rare.. and only really available if you actively pursue such projects. 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. Combining analytics, technology, and industry experience, we can help you succeed in it faster. 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. Masters-level graduates get offered around $100,000 in base salary at Bain. Well-known boutique firms Oliver Wyman, L.E.K. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. Lets pay it forward! BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. 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. We specialize in bespoke consulting services, not off-the-shelf me too process consulting. However, more large companies are setting up their own in-house consulting and analytics operations. 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. MBA Salaries: How Much Do Consultants With An MBA Make? The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. Because of that, the net income after a few years in consulting can exceed those in other industries, despite an initially lower base pay. We bring the right people together to challenge established thinking and drive transformation. Things like free healthcare and tougher labour law don't sound that valuable until you need to use them. I was told by an MBB guy at a recruiting event here in London in May that the work-life balance for consultants in London is better than in the US, and that it's better than banking in London, due to lower pay. We help businesses run more effectively, navigate industry shifts and reach new markets. CIL is an independent management consultancy. Anyway, I've decided to stay in NYC for at least a bit more. 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 The salaries above are for full-time hires and interns coming straight from an educational program. Technology consultant salaries in the UK? I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. We believe in the power of ingenuity to build a positive human future in a technology-driven world. Gartner, Inc. (NYSE: IT), is the worlds leading research and advisory company and a member of the S&P 500. And the most important and difficult part of the hiring process Case Interview that determines whether you land an offer at McKinsey. Outside of finance, post-MBA compensation packages are the highest in consulting out of any industry. Our engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. Economics is (nearly) everywhere and the economists toolkit is large. 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. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. Find more details in our comprehensive consulting salaries report. See you on the other side! This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. We dont duck the difficult answers, we give clients the strategies they need. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. Some said the work could be stressful, though most negative reviews noted the stress tends to come from problematic clients, as opposed to problems internal to BCG. Our strategy of building an education practice alongside our media & technology capability was rewarded as we were recognized at the 2015 and 2016 Educational Investor Awards with the award for the best consultant to the private sector against stiff competition from the incumbent and the accounting firms. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. North Highland is a global management consulting firm known for helping clients solve their most complex challenges related to customer experience, performance improvement, technology & digital, and transformation. Your input helps Glassdoor refine our pay estimates over time. With all that benefits in London, it sounds attractive. Many consulting firms offer masters students the same positions as undergraduate students. Partnering with our clients, we are solving the world's most intricate challenges. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. I would say my hours are more similar to MBB in London. Mollitia qui cupiditate consequatur magni tempore voluptatum. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. They are followed by the other top strategy firmsBain, McKinsey, and OC&C. http:// managementconsulted .com /consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. 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