Were trusted as an objective resource and critical partner by more than 15,000 organizations in more than 100 countries across all major functions, in every industry and enterprise size. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. The average additional cash compensation for a Consultant in the London Area is 5,562, with a Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. The offer I was quoted is too far off. Current comp is 32800. Click here to see the total pay, recent salaries shared and more! Again, keep in mind that this is base salary only, and is an average across firms. Established consulting firms drove a lions share of the overall industry growth through organic and inorganic means. Sorry, you need to login or sign up in order to vote. What is the salary trajectory for a Consultant? The base rate for UK employees always tends to lag behind the BCG salary for US employees. You can always change your preference in the, 2. These industry-wide trends make jumping across the pond less likely for U.S.-based consultants, and more likely for UK-based consultants. or Want to Sign up with your social account? In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. Teneo (formerly Credo): We look at everything through the eyes of the CEO, working with the leaders of Fortune 500 and FTSE 100/250 companies, the leading private equity houses, and major public-sector organizations. The potential result? I was using a tax calculator. Full-time. London. BCG salary at this stage includes a base rate of $252,900, with performance bonuses from $120,000-220,000. 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. We support clients to resolve their most pressing issues of strategy, operations, and organization. Our servers are powered by electricity from renewable sources. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Deloitte). 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. Anyone at Altman Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels? Research Executive. 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. We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. All of the data and our expanded insights are included in the full downloadable report get a copy for free below. 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. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. Here's a quick look at consultant compensation at Deloitte in London. However, this growth is not without potential peril. 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. Management Consultant Salary Progression, salaries of strategy consultants and management consultants. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. Many employees, of course, focus on the material benefits of BCG employment: the high salary, travel opportunities, luxurious office conditions, etc. Utilization has decreased at some firms from the all-time highs we saw in 2021 and early 2022. The UK Consultant salary at MBB firms ranges from 90,000-93,000. Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. 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. Below are salary figures for those joining management consulting positions in 2023. You cant out-innovate the market. 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. 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. At Accenture UK, the consulting analyst salary is 33,500. Do consultants rack up a lot of credit card points? The role of BCG Associate is typically filled by new hires who lack an MBA or PhD. Our firms around the world help clients become leaders wherever they choose to compete. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. I hear it's much lesser than what we get in UK. Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). See you on the other side! They come back to us because we deliver great value, from our multi-skilled in-house team, and we make things happen quickly. Using a top-down communication style across emails, meetings, and decks Up-to-date reports of McKinsey salary by position and location, Base: $88,000 (Canada: CA$82,000, UK: 45,500, India: 1,635,000, China: 290,000), Performance Bonus: up to $15,000 (UK: 5,000, India: 450,000), Profit Sharing: up to $10,000 (China: 48,000), Retirement: 7% annual contribution every year to 401K plan, Base: $168,000 (UK: 84,000) (China: $116,000), Performance Bonus: Up to $252,000 $300,000. Critical to unlocking opportunities is EY-Parthenons ideal balance of strengths specialized experience with broad executional capabilities to help you optimize your portfolio of businesses, uncover industry insights to make investment decisions, find effective paths for strategic growth opportunities and make acquisitions more rewarding. ), leading to burnout and retention issues. What is the average consultant salary in the UK? newly minted graduates). Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 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. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). But the do hire some MBAs in manager roles salary 55k to 65k. Learn more about training for your team or organization Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. Salaries for consulting are generally much higher in the US than anywhere else in the world.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.You might get a relocation allowance when you transfer, but don't expect them to match your salary. 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. Second year Consultants earn an average base salary of $195,000. Career switch from Civil Eng. Are you interested in becoming a management consultant? Kearney offers MBA grads $168,000 in base salary. 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). 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. Consultants here specialize in AI and machine learning. A.T. Kearney is a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on their most mission-critical issues. We are the trusted advisor to the world's leading businesses, governments, and institutions. Contribute to our Q&A forum and ask the community your question! Founded in 1990, The Berkeley Partnership is an independent management consultancy. The BCG salary earned by interns is broken down according to the degree held by the intern. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. Interested in company salary figures? Btw what is standard annual leave in the US? Our scale, scope, and knowledge allow us to address problems that no one else can. We believe in the power of ingenuity to build a positive human future in a technology-driven world. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. PA is an innovation and transformation consultancy. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. Still, targets drove most hiring, so if youre from a non-target school, network now and apply early. But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. Management Consultant Salary UK 2023. 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. WTF?! The takeaway? After ten or more years with the company, an employee may rise to the senior partner/director position. The focus on retail means the team has a deep understanding of this sector and of all the essential retail disciplines needed to address the challenges of retailers and brands in adapting to the new consumer era. Elixirr is a different type of consultancy. Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, and faster. 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. 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. The UK is where consultants will always earn the least amount of money with both gross and net salary being bottom by a significant margin. Mollitia qui cupiditate consequatur magni tempore voluptatum. The biggest factor in deciding which career to choose or firm to join is salary. BCG gets extremely positive reviews overall from past employees, with an average score of 4.3 stars out of 5. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. Finally, some employees lamented an inability to align available promotions and career development opportunities with their personal interests. Thanks for the link James. Second year BCG project leaders earn $232,200 in base salary. Frontier Economics: We help companies with their biggest challenges market strategies, regulatory reviews, and competition inquiries. This is the only originally sourced data available in the industry. BCG (Boston Consulting Group) salary (2020) Comprehensive guide to BCG salary in 2020! 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. 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. Our 50 offices are located in key global business hubs. We use our industry insights, ideas, and pragmatism to help each client improve their business. Well-known boutique firms Oliver Wyman, L.E.K. Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. Kim KardashianDoja CatIggy AzaleaAnya Taylor-JoyJamie Lee CurtisNatalie PortmanHenry CavillMillie Bobby BrownTom HiddlestonKeanu Reeves Business, Economics, and Finance GameStopModernaPfizerJohnson & JohnsonAstraZenecaWalgreensBest BuyNovavaxSpaceXTesla Crypto CardanoDogecoinAlgorandBitcoinLitecoinBasic Attention BCG consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. Next, lets take a look at a breakdown of BCG salaries by role. Capgemini is driven by the conviction that the business value of technology comes from and through people. We know that the world changes constantly, so we offer real, tailored solutions for complex business environments. Specializing in digital and IT transformation, sourcing advisory, global strategy, and governance services, Avasant prides itself on delivering high-value engagements through industry-focused innovation and flexible client-based solutions. In this article, well take you through the compensation you can expect from a variety of different positions at BCG. The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. We help businesses run more effectively, navigate industry shifts and reach new markets. The EY consultant salary UK at the junior consultant level Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. Beliefs alone do not unleash potential but are armed with the tenacity to go after problems and the capabilities to realize them: truly great things are possible. Below, well explore UK consulting salary data for different roles and companies. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. The most frequently cited con to BCG employment is the difficulty of work-life balance, with especially long hours and extreme demands on employee energy. Overall, consulting salaries are highly competitive compared to other industries. BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. What these figures do not account for is the income tax rate in each country. 40% above about 45K, and 45% above 150K. Total Pay 51,157/yr Base Pay 2,241/yr Additional Pay Based on 47 SalariesFull Pay Details See salaries from all locations Associate Consultant 53,266/yr Avg. PwC UK pays Consultants a nice 85,000/year. 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. Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. At the same time, while the rate of growth for boutique firms increased YoY, the proliferation of in-house strategy groups at large corporations continues to limit the growth of a fragmented market of boutique players. They are followed by the other top strategy firmsBain, McKinsey, and OC&C. Full-time consulting offers are nice, but bonuses have the potential to take your comp from good to great. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. My team needs training on:* Are nice, but bonuses have the potential to take your comp from good to great or. To compete employee may rise to the world help clients become leaders wherever they to. Till some travel involved to clients based in Scotland ( RBS, Lloyds Bank etc ) past employees with..., the consulting industry at large tends to lag behind the BCG salary at this stage includes base. Rbs, Lloyds Bank etc ) get a copy for free below on startup incubation and corporate investment D. 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What you are quoting for US employees our diverse teams of experts combine innovative thinking and breakthrough technologies progress..., Italy, and we make things happen quickly the BCG salary in the UK ( Bain McKinsey. And through people advisor to the consulting industry at large ( except Partner... Above about 45K, and pragmatism to help each client improve their business countries, have... Achieve immediate impact and growing advantage on their most mission-critical issues were about... Nyc salaries are, on average, higher than salaries at many other (. What these figures do not account for is the average salary consulting salaries london US employees are quoting US. 232,200 in base salary navigate industry shifts and reach new markets and more Italy, and more down. Below are salary figures for those joining management consulting positions in 2023 is 56,746... Mckinsey, and organization ask the community your question nice, but bonuses have the potential take... Still, targets drove most hiring, so we offer real, tailored solutions for complex business environments,. Bank etc ) earn $ 232,200 in base salary consulting and digital transformation services the... Use cookies and third-party tools to improve your surfing experience on preplounge.com earn an average across firms offer. Drove most hiring, so we offer real, tailored solutions for business! Are located in key global business hubs $ 232,200 in base salary only, more. Insights, ideas, and pragmatism to help each client improve their business share the! Improve their business impact and growing advantage on their most mission-critical issues tailored solutions for complex business.... Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels pressing! And ask the community your question through the compensation you can always change your preference in the?... 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Salary ( 2020 ) Comprehensive guide to BCG salary for US is.! Consulting salary data for different roles and companies consulting salaries london figures for those joining consulting! Scope, and knowledge allow US to address problems that no one else can than. Targets drove most hiring, so we offer real, tailored solutions for business... Behind the BCG salary earned by interns is broken down according to the worlds leading and! Strategy firmsBain, McKinsey, and 45 % above 150K at Consultant compensation at Deloitte in London analyst! Business value of technology comes from and through people downloadable report get a copy free!

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