Together. We equip business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Top Consulting Firms Consulting Firms to Work For. I would say my hours are more similar to MBB in London. 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. We help executive boards to truly understand this and then work with them to ensure their business model can respond effectively to disruptive market forces. Strategy firms acquired specialist players to continue to move further downstream into supply chain, sustainability, digital, and implementation work (e.g., Bain acquiring supply chain consultancy Proxima). This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. Bain Consultant Salary & Bonuses Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $175,000. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. PwC helps organizations and individuals create the value they're looking for. I hear it's much lesser than what we get in UK. Research Executive. With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. The salary data is for those recruited straight from an undergraduate, masters, MBA, or PhD program or those that were hired at the same level. Last 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. One notable exception is finance, where salaries are higher but work-life balance is often worse. After ten or more years with the company, an employee may rise to the senior partner/director position. Below, well explore UK consulting salary data for different roles and companies. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. This means that, within a regular time frame, employees are typically either offered a promotion or asked to seek employment elsewhere. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. We believe that when our clients and society are stronger, so are we. Well in NYC, IB starts on the same base salary as consulting. Some related job titles areEntry Level Consultant Salaries with median pay of 56,215,Senior Consultant Salaries with median pay of 64,325,Associate Consultant Salaries with median pay of 43,194,Business Analyst Salaries with median pay of 54,722. 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 These industry-wide trends make jumping across the pond less likely for U.S.-based consultants, and more likely for UK-based consultants. What is the average consultant salary in the UK? The BCG Consultant Salary starts at a Our people are committed to our client's success and focused on helping you achieve essential advantages. But it isn't about dreaming, it's doing. Each grade promotion is worth an approximate 20-30% increase in salary. Our mission is clear. At an average base of ~155,000per year, the average partner salary UK is, understandably, the highest weve seen so far in our exploration of consultant salaries in the UK. The lowest salary for a Consultant in London, England is 28,284 per year. Innovation has become a necessary ingredient for sustained success. There are two levels of partner at BCG. Ours is a world of opportunity. The big 4 bonuses aren't that great at junior levels at least (~10% to 15% max) and there is no sign on as AFAIK. Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. It pays to be in the US both from a salary and cost-of-living perspective. Greenwich Associates is the leading global provider of data, analytics, and insights to the financial services industry. What do you get when you put it all together? 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. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. You can fill out this anonymous form, add acomment below, orsend us an email. What these figures do not account for is the income tax rate in each country. As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. We help businesses run more effectively, navigate industry shifts and reach new markets. Luckily for you, the consulting industry has never been stronger. 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. They often offer higher base salaries but the roles are more siloed and the promotion trajectory is slower. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! All salary figures are in U.S. dollars unless otherwise stated. In other developed countries, the salary fluctuates around $80,000, while in developing nations such as India, the number is roughly $25,000-$30,000 (profit sharing not included). We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. Use or republication of this data is prohibited without the express written consent of Management Consulted. Candesic was founded in 2002 by Dr. Leonid Shapiro and Marc Kitten. Kearney offers MBA grads $168,000 in base salary. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. 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. Working with faculty experts from leading business schools, economics departments, and law schools keeps us at the forefront of academic research, while industry experts share their practical experience and business acumen. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. MBA hires at Bain receive performance bonuses of $41,250 and a signing bonus of $30,000. You can fill out this anonymous formor send us an email. 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. When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. Established consulting firms drove a lions share of the overall industry growth through organic and inorganic means. Total Pay 102,146/yr Base Pay 20,000/yr Additional Pay Based on 193 SalariesFull Pay Details Looking to land a position in management consulting? 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. And we help governments design innovative policies and regulatory systems. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. We help asset and wealth management businesses use technology to turn goals into reality. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. The M&A activity revealed two basic patterns. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. Thanks for the link James. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. BCG consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. Thats significantly lower than the average US BCG consultant salary of $165,000. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. In sum, if you want to get paid in the UK, MBB or boutique firms will compensate you well above what the Big 4 firms will. Kearney is a leading global management consulting firm with offices in more than 40 countries. 2022 saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained strong. 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. When comparing consulting roles to those in industry at the same level, there are few better options when it comes to total comp. 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 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) Recently, I was thinking of gaining some international exposure by moving to London. ), leading to burnout and retention issues. 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. RHR International LLP is an independent global leadership consulting firm whose mission is to unlock potential in leaders. Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. Founded in 1985, the company now has around 1,300 professionals in 38 offices worldwide. The average UK consultant salary is ~85,000. It sounds like you have your mind made up, but I'll add a few additional points. Is compensation in the UK higher than in the U.S.? Is consulting less mainstream in London? Weve worked with some of the biggest public service organizations in the UK. When you start with the belief that anything is possible, anything really is. 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. It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. 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. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). 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. This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. Overall, the consulting market has been undergoing a number of changes. Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. 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. In NYC, fresh graduates in big 4 The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. At McKinsey,the salary for Entry-level Consulting Salaries for Freshers Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. Yes you get 25 working day annual leave as a fresh graduate which rises to 30 at managerial level. Click here to see the total pay, recent salaries shared and more! BCG (Boston Consulting Group) salary (2020) Comprehensive guide to BCG salary in 2020! I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. 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. 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. 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