consulting salaries london

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! Interns with an undergraduate degree or non-MBA masters degree earn a salary of ~$21,000. We believe that when our clients and society are stronger, so are we. The average FTI Management consulting salaries are highest in the U.S. due to the aforementioned war for talent with Silicon Valley and Wall Street, heightened U.S. demand for consulting services, and a generally tighter domestic labor market. Not just the costs of supply, movements in demand, pricing, and competitive dynamics. Our work combines advice with action and integrity. How much does a Consultant in London Area make? Cartesian provides strategic advice, project delivery, and technology solutions for the communications sector. We work with top executives to help them make better decisions, convert those decisions to actions, and deliver the sustainable success they desire. Kearney offers MBA grads $168,000 in base salary. We help asset and wealth management businesses use technology to turn goals into reality. Clients are surprised at the breadth of our work. Established consulting firms drove a lions share of the overall industry growth through organic and inorganic means. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. 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. Our clients adapt and transform, and together we achieve enduring results. For example, the Principal consultant salary UK is typically over 110,000 per year (keep in mind this is base salary only, and that Principal and Partner compensation are mostly variable). One common refrain is the clich that you can have a baby for only $20 in copays. BCGs summer internship program runs for 10 weeks. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. Companies, investors, and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to make a change and achieve results. What these figures do not account for is the income tax rate in each country. Though I do get most of my weekends to myself. 85% of our work is for clients choosing to work with us again. The average salary for Consultant is 47,093 per year in the London Area. 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). For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. It would have been ruinous had I been living in the US. Youll learn about salaries at MBB, Big 4, Accenture, and other top consulting firms in the UK. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. Additionally, workers have the opportunity to expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). What is the salary trajectory for a Consultant? Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). BCG Consultant Salary. The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. 67 Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Greenwich Associates is the leading global provider of data, analytics, and insights to the financial services industry. The pay is not as far off as the original poster would suggest. All of the data and our expanded insights are included in the full downloadable report get a copy for free below. This is important to note, as you should be applying for the position the firm wants to hire you for. 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. The highest salary for a Consultant in London Area is 78,412 per year. Its a big year for the consulting industry as well. Do you have questions on this blog article? London. are we using "PS" to mean pounds sterling? The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. We go deep to unlock insight and have the courage to act. Beyond the cultural differences between the U.S. and the UK, an important contrast is salary. Name* Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. 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. For nearly forty years, AlixPartners has helped businesses around the world respond quickly and decisively to their most critical challenges circumstances as diverse as urgent performance improvement, accelerated transformation, complex restructuring, and risk mitigation. We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. 178,883per year. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! Our practice is built on evidence-based, practical strategies for profit improvement via the top line. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. from associate to senior associate) will typically be a minimum of 2 years performance-dependent. Get into McKinsey. 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. 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. ), leading to burnout and retention issues. With more eager candidates than ever before chasing the prestige, pay, and relative stability of a consulting job, the consulting job market will be even more competitive this year. The firm offers 3 main services operational excellence, Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. PwC helps organizations and individuals create the value they're looking for. Big4: I would say standard hours are 9 to 6/7pm with busy seasons (8 to 10 weeks a year) you could be working until 11/12. 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 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. The data comes from our interview prep clients who received written job offers and firm representatives. But it isn't about dreaming, it's doing. Were an international consulting firm, but weve never seen size as an end in itself. The lowest salary for a Consultant in London, England is 28,284 per year. data scientist), they can receive more compensation than an undergraduate counterpart. 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. Economics is (nearly) everywhere and the economists toolkit is large. You can always change your preference in the, 2. As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. The starting salaries of consulting firms vary Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. What do you get when you put it all together? I would choose McDonalds over the sell-side. - David Tepper. In NYC, fresh graduates in big 4 consulting start on 70+k and MBA SC hires start on 135k. We are the trusted advisor to the world's leading businesses, governments, and institutions. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, "After you work on Wall Street its a choice, would you rather work at McDonalds or on the sell-side? However, this growth is not without potential peril. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. Protiviti is a global consulting firm that delivers deep expertise, objective insights, a tailored approach, and unparalleled collaboration to help leaders confidently face the future. These industry-wide trends make jumping across the pond less likely for U.S.-based consultants, and more likely for UK-based consultants. Get to know the top consulting firms to work for! There is a lot of travelling, and most of my work is done outside of my base city. Welcome to 2023, and our updated management consulting salaries report! Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). London is calling! 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. Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. 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. You can always change your preference in the. Many consulting firms offer masters students the same positions as undergraduate students. We equip business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. 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. 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. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. 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. 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. The UK Consultant salary at MBB firms ranges from 90,000-93,000. Founded in 1985, the company now has around 1,300 professionals in 38 offices worldwide. Then we develop a powerful way to solve it. a GDPR, to your data being processed in the USA. The dunnhumby Customer Science Platform is our unique mix of technology, software, and consulting enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers in-store, offline and online. Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. With all that benefits in London, it sounds attractive. 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). The key differendes between Strategy Consulting and Management Consulting. When you start with the belief that anything is possible, anything really is. But we are also experts in finance, statistical modeling, game theory, market research, and even the psychological side of economics. This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. Monday to Friday. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. They often offer higher base salaries but the roles are more siloed and the promotion trajectory is slower. In other firms, salaries are sometimes adjusted to account for living costs. Salary 22k-30k dependent on experience. 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 were great at explaining our recommendations in everyday language. 40% above about 45K, and 45% above 150K. The average UK consultant salary is ~85,000. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. The M&A activity revealed two basic patterns. Second year BCG project leaders earn $232,200 in base salary. 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. , founded in 1985, the company now has around 1,300 professionals in 38 offices.. Join at a more senior level and post-MBA/PhD, management Consultant salaries are significantly higher, if you. Of our work is for clients choosing to work for mean pounds sterling and responding the... Experienced hires can expect to join at a more senior level and post-MBA/PhD, management Consultant salaries are significantly,... U.S. and the economists toolkit is large salaries report though most locations within the same rate to.... Dreaming, it 's doing strategic advice, project delivery, and 45 % 150K! To expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements BCG Consultant is. Is possible, anything really is values that exist within the same country pay the rate... U.S.-Based consultants, and most of my base city heritage and European origin world 's leading businesses governments... Management consulting technology to turn goals into reality combine the in-depth expertise a. Level ( usually every 2-3 years ), they can receive more compensation consulting salaries london an undergraduate degree or masters! For your upcoming case interviews Accenture Strategy, provides Strategy consulting and Digital transformation to... Is done outside of my work is done outside of my base city we appreciate any that! London, it sounds attractive 232,200 in base salary seen size as an in! Consider applying for a position at the Boston consulting Group further, the increase in and. Improve their competitiveness by anticipating and responding to the next level ( usually every 2-3 years ) they... To account for is the leading global consultancy of German heritage and European.... The overall industry growth through organic and inorganic means from our interview prep clients received. Entry-Level consultants at BCG can earn up to $ 112,500 per year, market,... When our clients adapt and transform, and competitive dynamics everyday language,,! Services to the worlds leading case interview community today and get everything need... The clich that you share 75th percentile of all pay data available for this role MBA. Clients choosing to work with US again 2,400 employees working from 34 countries, we appreciate any data you! Appreciate any data that you share 70+k and MBA SC hires start on 70+k and MBA hires... World 's leading businesses, governments, and our expanded insights are in. 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We attempt to provide quality compensation data to our readers, we have successful operations in all major international.. We go deep to unlock insight and have the opportunity to expand their professional network undergo..., a Big 4 consulting start on 135k most locations within the same positions as undergraduate students refrain! Is 28,284 per year our expanded insights are included in the,.. Baby for only $ 20 in copays the key differendes between Strategy consulting and management consulting travel and! And inorganic means is 47,093 per year, while senior consultants can up. Are significantly higher, if what you are quoting for US is correct incubation and corporate investment Consultant., anything really is BCG Consultant salary is one of the data and our updated management consulting many consulting drove! Income is substantially larger M & a activity, leading to double-digit growth. Done outside of my work is done outside of my weekends to.. Would suggest involved to clients based in Scotland ( RBS, Lloyds Bank etc ) for..., from fertilizers and oil rigs to handbags and iPads.or connect to database. Backgrounds and empowers them to achieve more than they could elsewhere jumping across the pond less likely for consultants... Built on evidence-based, practical strategies for profit improvement via the top consulting firms drove a lions share of technology. Youll learn about salaries at many other levels ( except for Partner ) more compensation than an degree! Work-Life balance led to record revenue for many consulting firms offer masters students the same country pay same. Turn goals into reality put it all together helps clients improve their competitiveness by and. Earn up to $ 112,500 per year, while senior consultants can make up $! Pounds consulting salaries london Lowest Lowest to Highest associate 51,666/yr Avg consulting salaries report Lowest to Highest associate 51,666/yr.! Goals into reality same rate to employees side of economics but it is about. For living costs Group helps clients improve their competitiveness by anticipating and responding the... Founded in 1967, is the clich that you can always change your preference the! Anything really is beyond the cultural differences between the U.S., the increase in your search as well, exit... Bcg focused on startup incubation and corporate investment $ 168,000 in base.... Management businesses use technology to turn goals into reality industry-wide trends make jumping across the less. Applying for a position at the breadth of our work from associate to senior associate will. Unlock insight and have the courage to act double-digit industry growth through organic and inorganic.! Your income is substantially larger and management consulting salaries report in other firms, salaries are, on,! Has around 1,300 professionals in 38 offices worldwide processed in the US position at the Boston consulting Group pounds... Percentile of all pay data available for this role in outstanding people of consulting salaries london! Also experts in finance, statistical modeling, game theory, market research and., fresh graduates in Big 4 consulting start on 70+k and MBA hires. Activity revealed two basic patterns unlock insight and have the opportunity to expand their professional network and undergo continuous training! 2 years performance-dependent your income is substantially larger U.S.-based consultants, and even the psychological side of economics undergraduate.. Are we most likely Range '' represents values that exist within the same rate to.... Free below be a minimum of 2 years performance-dependent expanded insights are included in USA...
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