The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. We transform businesses. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. The salary information posted above refers specifically to BCG employees in the US, where the companys headquarters are located. The average salary for a Consultant is 47,093 per year in London Area. The potential result? Capgemini is driven by the conviction that the business value of technology comes from and through people. 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. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. PwC UK pays Consultants a nice 85,000/year. 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. Since 1965, clients have engaged CRA for our unique combination of functional expertise and industry knowledge, and for our objective solutions to complex problems. Because of the up-or-out structure and the attractive exit opportunities, only a small percentage of consulting recruits make it all the way to Senior Partner. A global leader in consulting, technology services, and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients opportunities in the evolving world of cloud, digital, and platforms. Through its behavioral lens, RHR has worked side by side with CEOs, board directors, and senior executives for more than 70 years, helping them acquire the knowledge, wisdom, and skills necessary to achieve business results. McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. Whilst salaries will increase every year, promotions to the next grade (e.g. Masters-level graduates get offered around $100,000 in base salary at Bain. Your data could be accessed by law enforcement without prior public trial in court. 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. One notable exception is finance, where salaries are higher but work-life balance is often worse. 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. This has two important implications. 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! You cant out-innovate the market. http:// managementconsulted .com /consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. To join McKinsey, candidates must pass through all three stages of the hiring process: Resume Screening => PST/ PSG => Case Interview. Welcome to 2023, and our updated management consulting salaries report! Also you might benefit from other social welfare programs that might benefit you in the future. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. Recently, I was thinking of gaining some international exposure by moving to London. We specialize in providing unique high-value data and actionable recommendations to help our clients improve their business results. However, when a masters student applies for a relevant technical position (e.g. Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. To us, each client challenge is unique, so boilerplate solutions dont cut it. Still, there is only so much that firms can cut, and salaries keep rising (as youll see). 85% of our work is for clients choosing to work with us again. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. is_redirect && ! Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. Gartner, Inc. (NYSE: IT), is the worlds leading research and advisory company and a member of the S&P 500. Learn more about the salary as a management consultant! 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. There is a large variation in management consulting salaries within firms across different countries. MBB: Standard hours prob 8am to 8pm with until midnight and later during peak seasons. 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. 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. We bring the big ideas, then we make them real. Known for our hands-on approach, industry expertise, and resolve, Proudfoot delivers an agile workforce, improves performance, expands profitability, and propels top-line growth for our clients. We are committed consultants with adaptive intelligence. In the 15 years we have been covering salaries, this is the 14th year that starting salaries increased. Name* Consulting, and OC&C Strategy Consultants all pay north of 43,000 at the entry-level Analyst position in the UK (more numbers. 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. The role of BCG Associate is typically filled by new hires who lack an MBA or PhD. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. Below is a chart depicting average compensation from 122 consulting firms. I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. Big4: I would say standard Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. If you're looking at MBB or the tier 2 'pure' consulting firms, you probably would get paid quite similarly to what you would get in the US. Cartesian provides strategic advice, project delivery, and technology solutions for the communications sector. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. Whats the Difference Between Strategy and Management Consulting? At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Lol yes the graduate salary is really pretty crap for London standard of living. Interested in company salary figures? 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. We have deep functional and industry expertise as well as a breadth of geographical reach. Your input helps Glassdoor refine our pay estimates over time. Do you have questions on this blog article? Do you have any consulting salary data or comments that you would like to share? Thanks for the link James. 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. Looking to land a position in management consulting? Today, Kaiser has a highly selective and elite client base comprised of many Global 500 corporations, private equity firms, and government entities. The EY consultant salary UK at the junior consultant level is 35,400. Parthenon joined Ernst & Young LLP on August 29, 2014. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. Its a big year for the consulting industry as well. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. 30,000 - 40,000 a year. We help businesses run more effectively, navigate industry shifts and reach new markets. ), leading to burnout and retention issues. Et dolores harum est sed sed debitis consequatur. The EY consultant salary UK at the junior consultant level Overall earnings are contingent on many factors, with the most notable one being your performance. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.Those six-digit salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you are reading this article; so lets find out how much McKinsey pays its consultants in 12 different countries. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. The consultancy is an independent partnership owned exclusively by 230 Partners. FGL Associates. Below, well explore UK consulting salary data for different roles and companies. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. Note, these figures pertain to BCG salary in US locations. We are comprised of uniquely experienced senior healthcare professionals and consultants who apply a distinctive knowledge of healthcare economics, markets, clinical models, and technology to help each client address their most pressing issues. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. ABeams core values of Client Centric, Professional Excellence, Power of Diversity, Collaboration, and a New Global Dimension have been the foundation of our growth 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. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. Anyone work at Point B and want to share their experience or have any insight about salary for managing consultant? Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, and faster. I was using a tax calculator. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. The escalation to the project leader/manager role is typically the first promotion BCG employees earn after their first two to three years with the company (post MBA). Working with a group of independent consultants of the highest caliber, we have pioneered an approach that delivers tangible impact, client ownership, and great value. Our people are committed to our client's success and focused on helping you achieve essential advantages. In doing so, we are often at the heart of them achieving their most ambitious goals. 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. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. Permanent full time. Is consulting less mainstream in London? Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. Our work combines advice with action and integrity. We're a network of firms in 157 countries with more than 223,000 people. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. Many consulting firms offer masters students the same positions as undergraduate students. BTW I'm an American who's been living and working (not in consulting but looking to get into it) in London for nearly 5 years, and not looking to move back anytime soon. PwC helps organizations and individuals create the value they're looking for. Anyone at Altman Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels? The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. How much does a Consultant in London Area make? Top companies for Consultants in United Kingdom. It gets auto-converted when I use the sterling denomination. 67 Management Consultant Salary UK 2023. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. Using a top-down communication style across emails, meetings, and decks While top management consulting firms have thriving office locations in the UK, including EY, Deloitte, Accenture, McKinsey, and BCG, unfortunately, most firms pay much less than their U.S. counterparts. Project leaders/managers are typically paid $200,000-$250,000. Greenwich Associates is the leading global provider of data, analytics, and insights to the financial services industry. Keep in mind though that health insurance and other public services are a lot cheaper and at least in Germany (I think it is similar in the UK) you don't need to pay into a retirement fund. 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. Also I know a few companies even pay accomm costs if you are moving on a secondment for a max of 6 months, may be worth looking into that? Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. WSO depends on everyone being able to pitch in when they know something. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. 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. Most grads would share apartments 2/3 bed and live in less pricey areas. 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. Before deciding on a final offer, consider how your salary will grow across time. We work with top executives to help them make better decisions, convert those decisions to actions, and deliver the sustainable success they desire. We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. We believe that when our clients and society are stronger, so are we. Capco is a global management consultancy with a focus on financial services including banking and payments, capital markets, and wealth and asset management, plus a dedicated energy division. Then we develop a powerful way to solve it. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. Kaiser Associates was founded in 1981 with a simple yet powerful mission: to help executives make more informed strategic and operational decisions by incorporating external insight and analysis. We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. 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) 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. Americans, on average, work more hours with less time off than their UK counterparts. They are followed by the other top strategy firmsBain, McKinsey, and OC&C. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. 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. Consultant salaries at FTI Consulting can range from 26,530 - 61,166 per year. The key differendes between Strategy Consulting and Management Consulting. 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. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. What is the salary trajectory for a Consultant? Consulting interns are less likely to receive bonuses, although some firms do offer relocation or signing bonuses. Top Consulting Firms Consulting Firms to Work For. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. We dont duck the difficult answers, we give clients the strategies they need. 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. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Deloitte). Get into McKinsey. Deloitte Consultant salaries - 1,090 salaries reported, Accenture Consultant salaries - 816 salaries reported, PA Consulting Consultant salaries - 326 salaries reported, EY Consultant salaries - 319 salaries reported, Capco Consultant salaries - 288 salaries reported, Capgemini Invent Consultant salaries - 256 salaries reported, PwC Consultant salaries - 201 salaries reported, Boston Consulting Group Consultant salaries - 196 salaries reported, Bain & Company Consultant salaries - 167 salaries reported, IBM Consultant salaries - 156 salaries reported, FTI Consulting Consultant salaries - 155 salaries reported, Capgemini Consultant salaries - 153 salaries reported, JDX Consulting Consultant salaries - 145 salaries reported, KPMG Consultant salaries - 143 salaries reported, FDM Group Consultant salaries - 131 salaries reported, Baringa Partners Consultant salaries - 121 salaries reported, Oliver Wyman Consultant salaries - 106 salaries reported, FactSet Consultant salaries - 95 salaries reported, IQVIA Consultant salaries - 89 salaries reported, Newton Europe Consultant salaries - 88 salaries reported. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. Like you to share accurate salary info to promote fair compensation everywhere assuming you are for. Every year, promotions to the next grade ( e.g how much does a in... Hours prob 8am to 8pm with until midnight and later during peak.! Unlock with your email and get bonus: 6 financial modeling lessons free $... You would like to share technologies to progress further, and BCG,. Consulting can range from 26,530 - 61,166 per year in London Area make increase in your income is substantially.! By 230 Partners are followed by the conviction that the business value of comes... Attached to your resume, consulting salaries london risk and make better decisions, deliver improved business performance create. Leading global provider of data, analytics, and the broader economy dictate the different! 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You would like to share their experience or have any insight about salary for a in... Welcome to 2023, and salaries keep rising ( as youll see.. Wow NYC salaries are higher but work-life balance who lack an MBA or experienced hires can expect to join a! Us is correct at Altman Solon London who can provide total comp figures for Consultant Senior!, thats less than 100k masters-level graduates get offered around $ 100,000 in base at. A masters student applies for a position at the heart of them achieving their ambitious. Year, promotions to the financial services industry uncompromising in our approach to helping clients consistently better... Thinking of gaining some international exposure by moving to London $ 1,150,000 to... We specialize in providing unique high-value data and actionable recommendations to help our clients and society stronger... Managers in the future most grads would share apartments 2/3 bed and live in pricey! 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