This is the only originally sourced data available in the industry. Im working as a change consultant (OCM) at an Accenture equivalent firm in London. WTF?! Looking to land a position in management consulting? In addition to that salary, the BCG consultant salary for MBAs and PhDs includes performance bonuses of up to ~$50,000, retirement contributions of up to $20,312 into 401(k) accounts, a signing bonus of $35,000, and up to $8,000 in relocation help. It pays to be in the US both from a salary and cost-of-living perspective. Bain Case Team Leader Salary The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. The average salary for a Consultant is 47,093 per year in London Area. Last McKinsey Partner & Director Salary in 5 countries 2016 in US Dollar Equivalents. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? The starting salaries of consulting firms vary Work Email* The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. 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. So far, margins have been protected by a decrease in operational costs (i.e., smaller office space, less travel). Work with our team to prepare your CV for applications today. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? Combine this with the fact that consultings biggest competitors for talent Wall Street and Silicon Valley are conducting layoffs and slowing hiring because of the rising cost of capital, and these factors will put downward pressure on salary raises headed into the 2024 cycle. 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. In other developed countries like the UK or Canada, the total annual salary of a Deloitte Consulting Senior Manager is around $150,000. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. Your data could be accessed by law enforcement without prior public trial in court. We support clients to resolve their most pressing issues of strategy, operations, and organization. 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 85% of our work is for clients choosing to work with us again. Not only are finance and tech slowing hiring, but consulting continues to offer faster promotion cycles, broader industry exposure, and a better path to business leadership. Full-time consulting offers are nice, but bonuses have the potential to take your comp from good to great. Innovation has become a necessary ingredient for sustained success. Our servers are powered by electricity from renewable sources. Get into McKinsey. 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). 2.8. Together. 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? The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). We bring the right people together to challenge established thinking and drive transformation. Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. Salary progression for consultants in the UK is not unlike the progression anywhere else in the world. BCG salary details differ between countries. I was using a tax calculator. Since 1965, clients have engaged CRA for our unique combination of functional expertise and industry knowledge, and for our objective solutions to complex problems. Greenwich Associates is the leading global provider of data, analytics, and insights to the financial services industry. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 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 It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. Bain & Company salary. The offer I was quoted is too far off. Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. Name* 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. 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. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. One common refrain is the clich that you can have a baby for only $20 in copays. Top companies for Consultants in United Kingdom. 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. Employees with this title earn an average BCG salary of $110,000 per year as a base rate, with performance bonuses of up to $20,000. King's College Hospital NHS Foundation Trust. The PSC is the trading name of 2020 Delivery Limited. Second, you can increase your take-home income by choosing an office location where the cost of living is lower(e.g. We work hand in hand with our clients, delivering at the coalface. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. 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. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. BCG Gamma is a division of BCG focusing on data science and advanced analytics. I would choose McDonalds over the sell-side. - David Tepper. At McKinsey,the salary for Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. Check out the world-class interview prep and resume prep services that have helped land thousands of readers (like you) positions attop management consulting firms. Also you might benefit from other social welfare programs that might benefit you in the future. The firm only pay for hotels after its a certain distance outside home city. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. 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. 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. Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. Consulting interns are less likely to receive bonuses, although some firms do offer relocation or signing bonuses. You can fill out this anonymous form, add acomment below, orsend us an email. This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. EY is a global leader in assurance, tax, transaction, and advisory services. Bain & Company is one of the world's leading business consulting firms. Top Consulting Firms Consulting Firms to Work For. Partnering with our clients, we are solving the world's most intricate challenges. 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. Today, Kaiser has a highly selective and elite client base comprised of many Global 500 corporations, private equity firms, and government entities. Now in our sixth decade, we continue not only to grow but also to embody the same timeless sense of purpose and the constant call for renewal that our founder Bruce Henderson instilled at our inception. 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. 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. Founded in 1978, the firm is widely regarded as a trusted advisor to its clients, providing a full range of strategy consulting services, expertise, and market insight. Do you have any consulting salary data or comments that you would like to share? But you will also make a lot of money. Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. After ten or more years with the company, an employee may rise to the senior partner/director position. You can always change your preference in the. The thing is when the salary offered is 20-30k off what I'm currently making (even with the sterling been strong now), all these other benefits is really a non-issue. Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). 3.7. In fact, less than 20% of McKinseys most recent intake was made up of direct MBA hires, and the firm hired analysts from over 370 universities. Anyway 'Madscientist' Good luck in your job search! In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. 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. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. Contribute to our Q&A forum and ask the community your question! BCGs summer internship program runs for 10 weeks. Utilization has decreased at some firms from the all-time highs we saw in 2021 and early 2022. We help businesses run more effectively, navigate industry shifts and reach new markets. Thanks for the link James. 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. All of the data and our expanded insights are included in the full downloadable report get a copy for free below. Deloitte Consulting in the UK pays its consultants 91,000. 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 BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. The data comes from our interview prep clients who received written job offers and firm representatives. This is especially true for employees with MBAs and PhDs. Established consulting firms drove a lions share of the overall industry growth through organic and inorganic means. We created Stroud with this belief and have made it our mission to foster it in everything we do. Kearney is a leading global management consulting firm with offices in more than 40 countries. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. 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. Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. The number is essentially the same. Below are salary figures for those joining management consulting positions in 2023. from associate to senior associate) will typically be a minimum of 2 years performance-dependent. 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. Overall, the state of the industry is strong. Americans, on average, work more hours with less time off than their UK counterparts. As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. In other developed countries, the salary fluctuates between $170,000 to $200,000, while in developing nations, the number is roughly $80,000 to $100,000 (profit sharing not included). The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Eden McCallum is redefining management consulting. 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. 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 clients adapt and transform, and together we achieve enduring results. Monthly internship salaries are typically prorated based on starting salaries for new hires. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. Newton: Our approach is different deliberately. Combining analytics, technology, and industry experience, we can help you succeed in it faster. Undergraduate & Masters Consultant Salary, Learn more about training for your team or organization. We have deep functional and industry expertise as well as a breadth of geographical reach. 15 reviews 13 salaries reported. The key differendes between Strategy Consulting and Management Consulting. dunnhumby employs over 2,000 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble, Raley's, L'Oreal, and Monoprix. BCG gets extremely positive reviews overall from past employees, with an average score of 4.3 stars out of 5. In London, fresh graduates start on only 32k which is equivalent to 50k. Total Pay 52,000/yr Base Pay 5,000/yr Additional Pay Based on 35 SalariesFull Pay Details We are committed consultants with adaptive intelligence. Lets pay it forward! 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