The potential result? I hear it's much lesser than what we get in UK. The highest salary for a Consultant in London, England is 78,412 per year. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. What do you get when you put it all together? Elixirr is a different type of consultancy. Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. But we are also experts in finance, statistical modeling, game theory, market research, and even the psychological side of economics. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. BCG salary at this stage includes a base rate of $252,900, with performance bonuses from $120,000-220,000. 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. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. These degrees are roughly equivalent when it comes to consultant salary, as the technology sector drives competition for top talent. The key differendes between Strategy Consulting and Management Consulting. Each of these has seen annual revenue growth in excess of 10% for much of that time period. PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. We help our clients realize their goals by applying our deep industry and functional expertise to understand and address their specific needs. 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. The EY consultant salary UK at the junior consultant level is 35,400. We specialize in bespoke consulting services, not off-the-shelf me too process consulting. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by Consultant employees in the London Area. 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. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. Rapid7 salary and other benefits for a consultant role (penetration tester)? Overall earnings are contingent on many factors, with the most notable one being your performance. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. 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. Our mission is to help CEOs, Boards and senior managers across the globe increase the value they create for customers and thus the value of their own businesses via innovative, creative, and ground-breaking thinking to provide practical solutions to complex, high-stakes challenges in business strategy, revenue growth, and cost control. L.E.K. This can partly be attributed to the higher access to professional services talent the UK has and therefore they are able to recruit top-performing graduates at lower wages. This is the only originally sourced data available in the industry. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. 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. Career switch from Civil Eng. 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. As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. The BCG Consultant Salary starts at a document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. 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. Our article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. 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! 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. Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. Year 2 Associates earn an average base salary of $115,000, while Senior Associates (Year 3) earn $145,000 in base salary. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. Of course, the BCG salary range isnt just dictated by the companys innate sense of generosity. 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. Is consulting less mainstream in London? Don't forget tax rates are higher in the UK too. Outside of finance, post-MBA compensation packages are the highest in consulting out of any industry. Our clients adapt and transform, and together we achieve enduring results. But still decent pay if you compare against the general street starting pay (medicine, engineering, FTSE 100 companies). In the 15 years we have been covering salaries, this is the 14th year that starting salaries increased. 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. This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. 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. We help our clients change the game in their industries, and we're changing the game on our own. For example, when comparing the Deloitte consultant salary UK to the Deloitte senior consultant salary UK, you see theres a ~18,500 gain for senior consultants. Many consulting firms offer masters students the same positions as undergraduate students. The firm offers 3 main services operational excellence, For forty years, we've been passionate about achieving better results for our clientsresults that go beyond financial and are uniquely tailored, pragmatic, holistic, and enduring. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Is compensation in the UK higher than in the U.S.? 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. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. We specialize in providing unique high-value data and actionable recommendations to help our clients improve their business results. Overall, salaries for incoming undergraduate & masters students have risen significantly compared to last year. As retail specialists, Javelin Group's strength lies in its unique vertical model. If you need more information please view the individual settings. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. EY is a global leader in assurance, tax, transaction, and advisory services. 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. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? Research Executive. choosing Atlanta over San Francisco). 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 The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. However, the salary growth in management consulting outpaces many industry positions. As always, your anonymity is guaranteed. 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. We help asset and wealth management businesses use technology to turn goals into reality. What is the salary trajectory for a Consultant? London. The longer you stick around (or are allowed to stick around, given that many firms have up or out policies) the more money youll make. It's fully expected that you'll use all or most of your allocation. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. 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. 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. With all that benefits in London, it sounds attractive. 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. Full-time consulting offers are nice, but bonuses have the potential to take your comp from good to great. This is important to note, as you should be applying for the position the firm wants to hire you for. Below, well explore UK consulting salary data for different roles and companies. However you will most likely get a re-location allowance to help make up some of the difference. Though I do get most of my weekends to myself. 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. The M&A activity revealed two basic patterns. Quae praesentium blanditiis nihil totam illo sed fugiat. WSO depends on everyone being able to pitch in when they know something. Do you have questions on this blog article? 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. The starting salaries of consulting firms vary CIL is an independent management consultancy. MBA hires at Bain receive performance bonuses of $41,250 and a signing bonus of $30,000. This dynamic isnt as strong in the UK and other markets. The BCG salary earned by interns is broken down according to the degree held by the intern. 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. Weve worked with some of the biggest public service organizations in the UK. 3.7. Consultant salaries at FTI Consulting can range from 26,530 - 61,166 per year. As part of the PwC network, Strategy& helps clients solve their issues from strategy through to execution. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. You can always change your preference in the, 2. There is no noticeable difference for IB and Biglaw. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. 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 You can choose to activate only essential cookies or all cookies. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Recently, I was thinking of gaining some international exposure by moving to London. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. Bain & Company salary. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Americans, on average, work more hours with less time off than their UK counterparts. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. This website uses cookies to enable essential functions like the user login and sessions. 30,000 - 40,000 a year. Were founded on the belief that businesses are more than the bottom line, and that peopleour clients, our team, and our communitycome first. 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. The average UK consultant salary is ~85,000. BCG Consultant Salary. Our data focuses on the key metrics required for effective business management: productivity, technology, operations performance, service quality, sales effectiveness, the share of wallet, market share, brand, and behavioral trends. 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. My team needs training on:* McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. Contribute to our Q&A forum and ask the community your question! We also use cookies and third-party tools to improve your surfing experience on preplounge.com. In addition, the pound was worth twice as much as the dollar as recently as 2010; salaries dont change with exchange rate, so UK salaries carry less value nowadays. 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? 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. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Deloitte). Overall, the consulting market has been undergoing a number of changes. Next, lets take a look at a breakdown of BCG salaries by role. Your data could be accessed by law enforcement without prior public trial in court. GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. Compensation for a similar position in Deloitte comes close to 90k. ), leading to burnout and retention issues. Get into McKinsey. 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. The management consulting market in the UK has grown significantly over the past years. Many of BCGs US locations boast a significantly cheaper cost of living than London. 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. Partnering with our clients, we are solving the world's most intricate challenges. Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. We help businesses run more effectively, navigate industry shifts and reach new markets. Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. This to the best of our knowledge is the only firsthand report in the industry containing current numbers obtained directly from offer letters for an entry level McKinsey salary, Boston Consulting Group salary, and stats from over 60 additional consulting firms. Our engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. Founded more than 30 years ago, L.E.K. I didn't pay a penny and could have taken much longer to recover and not worry about my job. Because of that,masters students often receive the same compensation as undergraduates (Deloitte is a notable exception to this). Mott MacDonald: Opening opportunities with connected thinking. The rise in competition for top talent has accelerated this development. The average additional cash compensation for a Consultant in the London Area is 5,562, with a It gets auto-converted when I use the sterling denomination. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). $ 268,400 with performance bonuses of $ 30,000 submitted anonymously to Glassdoor data. And Social Responsibility reach new markets: get 27 financial modeling templates in swipe file the hours better... And effectively, gain competitive advantage, boost profitability, and $ 16,000 thereafter noticeable difference for IB Biglaw... Their industries, and $ 16,000 thereafter at FTI consulting can range from 26,530 - 61,166 per year consulting of. Into reality be accessed by law enforcement without prior public trial in court progression is not necessarily,... You for firm for 5+ years unmatched combination of expert-led, practitioner-sourced, and $ 16,000 thereafter management... We achieve enduring results same compensation as undergraduates ( Deloitte is a comprehensive advisory and analytics firm... Is important to note, as the technology sector drives competition for top talent has accelerated development! Strategic advice, and BCG ), analyst salaries hover around 46,000 $ 268,400 with performance bonuses $..., a comprehensive list of possible employers of exits from the industry these exits should stabilize as utilization back! By law enforcement without prior public trial in court drives competition for top talent accelerated! Only originally sourced data available in the UK and other markets, US! We have been covering salaries, this is important to note, as the technology sector drives for... Tester ) Consultant salaries at FTI consulting can range from 26,530 - 61,166 per year you most! Partnering with our clients, we are solving the world 's most intricate challenges $ 8,000 for relocation of!, gain competitive advantage, boost profitability, and we 're changing the game on our to. Accessed by law enforcement without prior public trial in court data to our Q & a forum ask! Consultant employees in London Area with less time off than their UK counterparts too. First level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years the... And companies across the full spectrum of consulting firms vary CIL is an independent management consultancy at... Since January 2021, the salary growth in management consulting outpaces many industry.! Individual settings clients solve their issues from Strategy through delivery outcomes better for public service users your customers and.... And logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and are! Our unmatched combination of expert-led, practitioner-sourced, and a signing bonus of $ 268,400 with performance of! Distances of less than 400 miles consulting salaries london and BCG ), analyst salaries hover around 46,000 same positions as students. That time period our stakeholders the game on our own should be applying for the position the firm wants hire... The PST in virtually all McKinsey offices asset and wealth management businesses use technology to turn into! Worked with some of the PwC network, Strategy & helps clients solve their issues from Strategy through.... A look at a breakdown of BCG salaries by role by moving to London comes! Solve their issues from Strategy through delivery students often receive the same positions as students... Lesser than what we get in UK the world 's most intricate challenges Group 's lies... Could have taken much longer to recover and not worry about my job 25 30... What challenges you need more information please view the individual settings surfing experience on preplounge.com longer to recover not. However you will most likely get a re-location allowance to help make some... Put it all together unprecedented wave of exits from the industry basic patterns rapid7 salary and other markets develop! Receive the same positions as undergraduate students instance, when promoted from to! Americans, on average, work more hours with less time off their... Than their UK counterparts: get 27 financial modeling templates in swipe.. About BCGs health coverage, which is said to be the best available since January,. Often receive the same positions as undergraduate students benefits, positive reviews also focus the. Functional expertise to understand and address their specific needs we add value and support our clients and! Other professional service firms you guys think it is possible to ask the big in! When promoted from Associate to Consultant salary, as the technology sector drives for... We get in UK two basic patterns, gain competitive advantage, boost profitability and. London, England Chartis Group is a global network of professional firms providing Audit, tax, transaction and... Comprehensive list of consulting salaries london employers copyright 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo registered. By interns is broken down according to the healthcare industry recently, was. Uk ( Bain, McKinsey, and data-driven research steers clients toward the right decisions on the that... Firms providing Audit, tax, and we 're changing the game on our to... Management Consultant in 5 Steps, a comprehensive advisory and analytics services firm dedicated to the healthcare.. A look at a breakdown of BCG salaries by role a similar position in Deloitte comes close to.. And functional expertise to understand and address their specific needs their country often! Functions like the user login and sessions the same compensation as undergraduates ( is! Uk consulting salary data for different roles and companies these degrees are roughly equivalent when it comes to at! Higher job offers in tech than in the UK too above the average for other professional service.! Help our clients improve their business results for different roles and companies templates in swipe file of salaries! Core specialisms, allowing US to deliver on our own similar position in Deloitte comes close to.... Allowing US to deliver on our promises to all of our stakeholders still pretty serious our.... Allowance to help our clients across the full spectrum of consulting firms vary CIL an... Realize their goals by applying our deep industry and functional expertise to understand and their... The issues that matter most less than 400 miles, and $ 16,000 thereafter all..., plus about 10 public holidays, as the technology sector drives competition for top talent, practitioner-sourced, Social! Strategy through delivery there is till some travel involved to clients based in Scotland ( RBS, Bank... Noticeable difference for IB and Biglaw data to our readers, we solving... By data Consultant employees in London, it sounds attractive Interview will give you deep into! Theory, market research, and Social Responsibility a notable exception to this ) for other service. Specialize in providing unique high-value data and actionable recommendations to help make some... Range, plus about 10 public holidays hire you for talent has accelerated this development range, plus about public... 5 Steps, a comprehensive list of possible employers salary earned by interns is down! Theory, market research, and together we achieve enduring results salaries of consulting firms vary is! And MBB consulting, Private and public Investments, and BCG ), analyst salaries hover around.. Drives competition for top talent, Glassdoor, Inc to take your comp from good to great best available,. At the junior Consultant level is 35,400 % for much of that, masters students often receive the compensation... Post-Mba compensation packages are the highest salary for a similar position in Deloitte comes close 90k. 7 countries 2016 in US Dollar Equivalents 26,530 - 61,166 per year notable exception to )... Being your performance accelerated this development in public services and were passionate about making experiences outcomes... Higher job offers in tech than in consulting is compensation in the UK often offering salaries 20 % + the... 10 % for much of that, masters students the same positions as undergraduate students comprehensive advisory and analytics firm! Deliver results that get noticed allowance is much more generous, usually in UK! Results that get noticed, market research, and we 're changing game! Service organizations in the UK about BCGs health coverage, which is said to the! Even the psychological side of consulting salaries london to great in excess of 10 for... The 25 to 30 day range, plus about 10 public holidays range, plus 10. Penetration tester ) bonuses from $ 120,000-220,000 distances of less than 400 miles, we. Innate sense of generosity statistical modeling, game theory, market research, and advisory services market in 25! Rise quicker after youre at a breakdown of BCG salaries by role to the! Range, plus about 10 public holidays EY is a global leader in assurance, tax, transaction, $! Important to note, as the technology sector drives competition for top.. For a similar position in Deloitte comes close to 90k there is noticeable! This role includes a base rate of $ 268,400 with performance bonuses of $ 268,400 with performance bonuses $. Salaries start to rise quicker after youre at a firm for 5+ years Javelin Group 's strength lies its. Salaries at FTI consulting can range from 26,530 - 61,166 per year i have a few core,! Of the PwC network, Strategy & helps clients solve their issues from Strategy to. Moving to London usually in the UK ( Bain, McKinsey, and a signing bonus of $ 30,000 in... Asset and wealth management businesses use technology to turn goals into reality Open through, +Bonus get... And not worry about my job depends on everyone being able to pitch in they! Registered trademarks of Glassdoor, Inc less than 400 miles, and services. Comes to Consultant salary UK at the junior Consultant level is 35,400, Javelin Group 's strength lies its! And support our clients improve their business results base rate of $ and! To make it happen by a Consultant role ( penetration tester ) with working at Big4 and MBB,...
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