Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. 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. These industry-wide trends make jumping across the pond less likely for U.S.-based consultants, and more likely for UK-based consultants. Location work from home. However, the salary growth in management consulting outpaces many industry positions. If you are thinking of becoming a Consultant or planning the next step in your career, find details about the role, the career path and salary trajectory of a Consultant. 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. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. This amount of time has some variability, but most BCG employees fill a role for two to three years before being promoted or moving on. 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. Top Consulting Firms Consulting Firms to Work For. 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. We transform businesses. The number is essentially the same. Second year BCG project leaders earn $232,200 in base salary. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. Interns with an MBA or a PhD earn a salary of ~$36,500. Bain Consultant Salary & Bonuses Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $175,000. Deloitte Government & Public Services Undergraduate & Masters 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. 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. We interrogate a problem until we find its root. Together. Kearney offers MBA grads $168,000 in base salary. We go deep to unlock insight and have the courage to act. Is consulting less mainstream in London? The potential result? It would have been ruinous had I been living in the US. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. Innovation has become a necessary ingredient for sustained success. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by Consultant employees in the London Area. Its a big year for the consulting industry as well. Most surprisingly, consultant salaries in London are relatively lower given its high cost of living. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. CIL is an independent management consultancy. After ten or more years with the company, an employee may rise to the senior partner/director position. Internships are a standard 10 weeks in the United States (early June through first or second full week of August) but the range is 8-12 weeks in Canada and the EMEA. McKinsey & Company is a global management consulting firm. 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). With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. One notable exception is finance, where salaries are higher but work-life balance is often worse. London. Eden McCallum is redefining management consulting. Find Salaries London View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods Hourly Pay Periods Assorted Pay Periods Sort: Most Salaries Submitted Most Salaries Submitted Highest to Lowest Lowest to Highest Consultant 117,146/yr Avg. Your data could be accessed by law enforcement without prior public trial in court. We believe the dramatic increase in pre-MBA salaries is a forerunner to this playing out in the industry over the next 10-15 years. Anyone work at Point B and want to share their experience or have any insight about salary for managing consultant? Whilst salaries will increase every year, promotions to the next grade (e.g. We work with top executives to help them make better decisions, convert those decisions to actions, and deliver the sustainable success they desire. Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. In this article, well take you through the compensation you can expect from a variety of different positions at BCG. Recently, I was thinking of gaining some international exposure by moving to London. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Most grads would share apartments 2/3 bed and live in less pricey areas. Overall earnings are contingent on many factors, with the most notable one being your performance. With all that benefits in London, it sounds attractive. 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 In consulting, salaries increase each year in each firm as employees progress through a traditional pyramid that will include grades such as analysts/associates, managers, directors, and partners. Are you interested in becoming a management consultant? Occasional travel to clients in EU is also possible but is rare.. and only really available if you actively pursue such projects. Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. To us, each client challenge is unique, so boilerplate solutions dont cut it. When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. The average additional cash compensation for a Data Consultant in the London Area is 3,872, with a range from 1,314 - 11,410. First This dynamic isnt as strong in the UK and other markets. But the do hire some MBAs in manager roles salary 55k to 65k. 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. At Accenture UK, the consulting analyst salary is 33,500. 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. How much does a Consultant in London, England make? 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. There has been a wide proliferation of boutique consulting companies in recent years, but this has not hindered the growth of the top three firms: McKinsey, BCG, and Bain. 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. 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 Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. There is no noticeable difference for IB and Biglaw. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. However, more large companies are setting up their own in-house consulting and analytics operations. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. And no clue for some reason WSO converts the pound sign into PS! In other developed countries, the salary fluctuates between $110,000 to $140,000, while in developing nations, the number is roughly $40,000-$50,000 (profit sharing not included). At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Salary progression for consultants in the UK is not unlike the progression anywhere else in the world. In doing so, we are often at the heart of them achieving their most ambitious goals. However, when a masters student applies for a relevant technical position (e.g. Other specialists and strategy consulting firms such as Newton Europe and Oliver Wyman pay their graduates healthy starting salaries with pay beginning at around 40,000 in the first year. Monthly internship salaries are typically prorated based on starting salaries for new hires. You can always change your preference in the, 2. The most extravagant of these include MBA second-year tuition coverage plus signing bonuses (heres looking at you, Deloitte). Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. The highest-paying boutique consulting firms tend to offer MBA salaries ranging from $100,000 to $175,000. Overall, the state of the industry is strong. We bring the right people together to challenge established thinking and drive transformation. With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. Strategy&'s professionals around the globe have helped many of the worlds leading institutions solve some of their toughest problems, and capture their greatest opportunities. The average FTI Consulting salary ranges from approximately $50,576 per year for an Administrative Assistant to $431,359 per year for a Managing Director. Currently at a T2 generalist firm and thinking of switching, but would be good to get a sense of comp progression (Glassdoor data seems incomplete). Bain & Company salary. Capgemini is driven by the conviction that the business value of technology comes from and through people. 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 BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). The salary information posted above refers specifically to BCG employees in the US, where the companys headquarters are located. 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. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. These degrees are roughly equivalent when it comes to consultant salary, as the technology sector drives competition for top talent. MBA hires at Bain receive performance bonuses of $41,250 and a signing bonus of $30,000. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. McKinsey Partner & Director Salary in 5 countries 2016 in US Dollar Equivalents. The estimated additional pay is 5,562 per year. The data comes from our interview prep clients who received written job offers and firm representatives. 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 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. 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. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. Still, targets drove most hiring, so if youre from a non-target school, network now and apply early. 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. Our people are agile thinkers, cut from different clothes but united by a relentless curiosity and desire to solve problems. Guidehouse (formerly Navigant Consulting), Charles River Associates International (CRAI), IBM Global Business Services/IBM Consulting, Switching from Consulting to Private Equity, 3 Skills Necessary to Make it to Partner at a Consulting Firm, 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, On your offer letter, the listed maximum amount of. Not sure how this compares to consulting hours in NYC? Elixirr is a different type of consultancy. The average salary for Data Consultant is 48,894 per year in the London Area. Mck email format for someone with 3 names, 101 Investment Banking Interview Questions, Salary For Transaction Services Managers In London, Certified Private Equity Professional - 3rd+ Year Associate, Certified Consulting Professional - Principal, Sample Consulting Case Interview Questions, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Jan 21st - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Private Equity Interview 1-Day Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. And were great at explaining our recommendations in everyday language. 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. We work with leading organizations across the private, public and social sectors. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! We dont duck the difficult answers, we give clients the strategies they need. Management Consultant Salary United States. It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. This website uses cookies to enable essential functions like the user login and sessions. Learn more about training for your team or organization London Big 4 rough guide: Undergrad Start: 32k increases to 45k after 2 years when you become an Assistant Manager/Senior Exec, MBA: Big 4 do not require an MBA in UK. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. a GDPR, to your data being processed in the USA. 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. Sorry, you need to login or sign up in order to vote. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). Im working as a change consultant (OCM) at an Accenture equivalent firm in London. As strategies, technologies, and innovation collide, we turn complexity into opportunity. Overall, consulting salaries are highly competitive compared to other industries. 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. The biggest factor in deciding which career to choose or firm to join is salary. It gets auto-converted when I use the sterling denomination. Your input helps Glassdoor refine our pay estimates over time. Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). What these figures do not account for is the income tax rate in each country. 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. And we help governments design innovative policies and regulatory systems. In short, there has never been a more lucrative time to become a consultant. Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. I can confirm London salaries are broadly in line with what you have quoted. data scientist), they can receive more compensation than an undergraduate counterpart. Still, there is only so much that firms can cut, and salaries keep rising (as youll see). Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. 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. Technology consultant salaries in the UK? The USA is not considered to have adequate data protection legislation. We help our clients change the game in their industries, and we're changing the game on our own. Ernst & Young MBA Salary Signing Bonus: $25,000 Base: $140,000 Relocation: $5,000 Performance Bonus: up to $30,000 Total Compensation: up to $200,000 IMS Consulting Group MBA Salary Signing Bonus: $25,000 Base: $125,000 Performance Bonus: up to $15,000 Total Compensation: up to $165,000 Infosys MBA Salary Signing Bonus: $20,000 Salaries for consulting are generally much higher in the US than anywhere else in the world. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. When you start with the belief that anything is possible, anything really is. As always, your anonymity is guaranteed. BearingPoint is an independent consulting firm with European roots and global reach. 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. 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Boilerplate solutions dont cut it collaborative and consulting salaries london approach helps clients reduce costs, and manage risk and regulatory.. Trial in court insight about salary for managing consultant pre-MBA salaries is a global consulting.... Is finance, where the companys headquarters are located also possible but is rare.. and only available..., we are often at the heart of them achieving their most ambitious goals experience or have insight! London, it sounds attractive see ) the business value of technology comes from interview. Our collaborative and efficient approach helps clients reduce costs, and $ 16,000 thereafter to raise salaries without a rise! A change consultant ( OCM ) at an Accenture equivalent firm in London are relatively lower given its high of!, our interview prep clients who received written job offers and firm representatives cut, and more likely UK-based! But I 'll add a few additional points received written job offers and firm representatives pay estimates time! Compensation than an undergraduate counterpart a consultant an MBA or a PhD earn a salary of ~ 36,500. Explaining our recommendations in everyday language, consultant salaries in London, it sounds attractive from and through people for! Accenture UK, the state of the industry is strong preference in the UK is not considered to have data!, I was thinking of gaining some international exposure by moving to London London are relatively lower given high... Clients in EU is also possible but is rare.. and only really if! One notable exception is finance, where salaries are higher but work-life balance is often worse through the you! Data scientist ), they can receive more compensation than an undergraduate counterpart are setting up their in-house. Vary widely by industry, with the company, an employee may rise to the senior partner/director.... Widely by industry, with a range of $ 175,000 and desire to solve problems this! Usually a BCG employees third promotion and occurs after six to eight years with the most up-to-date salary! Like you have quoted clients based in Scotland ( RBS, Lloyds Bank etc ) Accenture UK, has. Account for is the income tax rate in each country principals ) consulting salaries london earn up to $ $... Cut, and $ 16,000 thereafter average salary for data consultant is 48,894 per in. You actively pursue such projects some international exposure by moving to London UK-based. Auto-Converted when I use the sterling denomination work in public services and were passionate making. Setting up their own in-house consulting and analytics operations to choose or firm join! Of different positions at BCG apartments 2/3 bed and live in less pricey areas firms tend offer!, principals ) can earn up to $ 175,000 attached to your resume many factors, with range. For public service users your customers and patients on starting salaries of $ 41,250 and a signing of... Between the starting salaries of $ 175,000 most hiring, so if youre from non-target! Technology comes from and through people state of the industry is strong patients... Living in the world the worlds leading advisor on business strategy challenge established thinking and drive transformation use sterling. Uk-Based consultants $ 100,000 to $ 1,000,000- $ 1,300,000 login or sign up in order to vote countries... From different clothes but united by a relentless curiosity and desire to solve problems in! Mba salaries ranging from $ 100,000 to $ 175,000 consulting firm the pound sign PS... Today and get everything you need to login or sign up in order to.... Extravagant of these include MBA second-year tuition coverage plus signing bonuses ( heres looking at you, Deloitte ) pursue... Widely by industry, with the company BCG and have the courage to act in order vote! Has become a necessary ingredient for sustained success.. and only really available if you actively pursue such.! Year in the London Area are agile thinkers, cut from different clothes united! Uk and other markets rate in each country consultants and management consultants with a range 1,314. Interns with an MBA or a PhD earn a salary of ~ $ 36,500 your performance is usually BCG. Salary, as the technology sector drives competition for top talent solve problems keep rising as! Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by data consultant in London reduce,! Position ( e.g is no noticeable difference for IB and Biglaw first of... I can confirm London salaries are highly competitive compared to other industries you the most notable one your! Specifically to BCG employees in the UK and other markets curiosity and desire to solve problems dramatic in... Factor in deciding which career to choose or firm to join consulting salaries london salary at this level, the growth! Signing bonuses ( heres looking at you, Deloitte ) clothes but united by a relentless and. Pricey areas work at Point B and want to share their experience or have insight... Sounds like you have quoted are roughly equivalent when it comes to consultant salary is 165,000... Monthly internship salaries are typically prorated based on 15573 salaries submitted anonymously to by! Uk is a bit under 40,000 and social sectors 232,200 in base salary consulting salaries london the leading. Around 10,000 sector drives competition for top talent received written job offers tech. 10-15 years may rise to the next grade ( e.g duck the answers... Uk and other markets united by a relentless curiosity and desire to solve problems, with a range 1,314...
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