consulting salaries london

The management consulting market in the UK has grown significantly over the past years. Kearney offers MBA grads $168,000 in base salary. You can always change your preference in the. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. The EY consultant salary UK at the junior consultant level Mollitia qui cupiditate consequatur magni tempore voluptatum. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. 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. It pays to be in the US both from a salary and cost-of-living perspective. The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. Learn more about the salary as a management consultant! Do you guys think it is possible to ask the big 4 in London to match my salary in the US? We combine the in-depth expertise of a global advisor with the focus, attention, and flexibility of a boutique consulting firm. This website uses cookies to enable essential functions like the user login and sessions. You might get a relocation allowance when you transfer, but don't expect them to match your salary. Whilst salaries will increase every year, promotions to the next grade (e.g. However, when a masters student applies for a relevant technical position (e.g. BCG salary details differ between countries. On the one hand, increased competition within the consulting sector from boutique consulting firms has led to an increase in consultant salaries, at BCG and elsewhere. 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. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. What do you get when you put it all together? Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. 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). As always, your anonymity is guaranteed. Consultants here specialize in AI and machine learning. However, this growth is not without potential peril. At Cornerstone Research, we attribute our success to a unique combination of resources: a creative and energetic staff, cutting-edge technology and research, and our work with academic and industry experts. Our strategy of building an education practice alongside our media & technology capability was rewarded as we were recognized at the 2015 and 2016 Educational Investor Awards with the award for the best consultant to the private sector against stiff competition from the incumbent and the accounting firms. 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. Looking to land a position in management consulting? I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. And Big4 do deal with some exciting stuff such Man United, Liverpool FC player transfer etc. Working with faculty experts from leading business schools, economics departments, and law schools keeps us at the forefront of academic research, while industry experts share their practical experience and business acumen. Recent PhD Grad wondering about Consulting Opportunities. 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 Without the traditional increase in pricing power that industry consolidation brings, we may see firms begin to shrink project teams or prioritize the hiring of cheaper pre-MBA talent in the next decade. 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 Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. 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. Contribute to our Q&A forum and ask the community your question! This dynamic isnt as strong in the UK and other markets. Our 50 offices are located in key global business hubs. Born from Deloitte Touche Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees. See you on the other side! We transform businesses. Many consulting firms offer masters students the same positions as undergraduate students. The firm only pay for hotels after its a certain distance outside home city. Salaries for consulting are generally much higher in the US than anywhere else in the world. Our mission is clear. Likewise, performance bonuses for BCG UK employees are typically lower. 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) 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. 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. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. Anyway, I've decided to stay in NYC for at least a bit more. 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. I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. BearingPoint is an independent consulting firm with European roots and global reach. The average salary for a Consultant is 47,093 per year in London, England. Protiviti and our independently owned Member Firms provide consulting solutions in finance, technology, operations, data, analytics, governance, risk, and internal audit to our clients through our network of more than 75 offices in over 20 countries. 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. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. Cairneagle is a boutique strategy consultancy focused on education, media, and technology that has built a strong reputation for delivering rigorous, data-driven analysis and excellent value for money since our establishment in 2001. Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. This is important to note, as you should be applying for the position the firm wants to hire you for. What these figures do not account for is the income tax rate in each country. However, more large companies are setting up their own in-house consulting and analytics operations. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. We have deep functional and industry expertise as well as a breadth of geographical reach. 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. In addition, the US market is experiencing a war for talent between Silicon Valley, Wall Street, and consulting. Before deciding on a final offer, consider how your salary will grow across time. BCG (Boston Consulting Group) salary (2020) Comprehensive guide to BCG salary in 2020! The most frequently cited con to BCG employment is the difficulty of work-life balance, with especially long hours and extreme demands on employee energy. The pay is not as far off as the original poster would suggest. 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. Value Partners is a Management Consulting and Digital firm, founded in Milan in 1993. Lets pay it forward! This field is for validation purposes and should be left unchanged. All of the data and our expanded insights are included in the full downloadable report get a copy for free below. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Do you have questions on this blog article? Second year Consultants earn an average base salary of $195,000. Founded in 1990, The Berkeley Partnership is an independent management consultancy. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. Innovation has become a necessary ingredient for sustained success. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. Since 1965, clients have engaged CRA for our unique combination of functional expertise and industry knowledge, and for our objective solutions to complex problems. We specialize in bespoke consulting services, not off-the-shelf me too process consulting. Second, you can increase your take-home income by choosing an office location where the cost of living is lower(e.g. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. If you need more information please view the individual settings. Full-time consulting offers are nice, but bonuses have the potential to take your comp from good to great. London is calling! For entry-level roles that means folks coming right out of undergraduate/MS programs the average base salary for consultants in the UK is around ~40,000. 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). My team needs training on:* The starting salaries of consulting firms vary We have offices in London, Amsterdam, and Zurich. Sorry, you need to login or sign up in order to vote. There is a large variation in management consulting salaries within firms across different countries. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. While most historical consulting salary increases were in the 2-4% growth range, this years increase was around 10%, signaling the effects of a tightening labor market and increased demand. 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. 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. 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. We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. Its clear that if youre in it for the money, working in the U.S. is the place to be for consultant salaries. 3.7. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. Consultant salaries at FTI Consulting can range from 26,530 - 61,166 per year. Why? The takeaway? KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. For MBB you are mostly travelling Mon to Thurs so hours would not really mean much as long as you get a decent 6/7 hours sleep each night. And were great at explaining our recommendations in everyday language. All salary figures are in U.S. dollars unless otherwise stated. The BCG Consultant Salary starts at a 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. 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. In this article, well take a deeper look at that and compensation expectations in consulting by position. It sounds like you have your mind made up, but I'll add a few additional points. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. We work globally across a broad range of sectors, and advise clients on a range of business challenges including strategy, M&A, brand and revenue growth, organizational design, performance improvement, and program delivery. We are committed consultants with adaptive intelligence. Our servers are powered by electricity from renewable sources. We help businesses run more effectively, navigate industry shifts and reach new markets. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. Combining unmatched experience and specialized skills across more than 40 industries and all business functionsunderpinned by the worlds largest delivery networkAccenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. Mott MacDonald: Opening opportunities with connected thinking. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. Baringa Partners is an independent business and technology consultancy. dunnhumby employs over 2,000 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, Procter & Gamble, Raley's, L'Oreal, and Monoprix. Below are salary figures for those joining management consulting positions in 2023. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. Deloitte Consulting in the UK pays its consultants 91,000. Specific salary information for this division is unavailable, but its safe to assume it breaks down according to employee roles consistent with BCGs normal consulting operations. Unlock all materials helping you land the next job in McKinsey! Research Executive. Is consulting less mainstream in London? Most grads would share apartments 2/3 bed and live in less pricey areas. At McKinsey,the salary for We help our clients realize their goals by applying our deep industry and functional expertise to understand and address their specific needs. Interns with an undergraduate degree or non-MBA masters degree earn a salary of ~$21,000. The EY consultant salary UK at the junior consultant level is 35,400. Interested in company salary figures? Contribute to our Q&A forum and ask the community your question! Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). 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. Monthly internship salaries are typically prorated based on starting salaries for new hires. 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! 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. However, the salary growth in management consulting outpaces many industry positions. To us, each client challenge is unique, so boilerplate solutions dont cut it. This is present even within firms such as PwC that operates both a strategy practice and management practice; Strategy& has a starting salary of 42,000 and its management consulting practice, PwC, has a starting salary of 32,000. PA is an innovation and transformation consultancy. Our consultants use innovative problem-solving approaches and achieve unparalleled analytic depth. 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. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. 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. Consulting, and OC&C Strategy Consultants all pay north of 43,000 at the entry-level Analyst position in the UK (more numbers. In short, there has never been a more lucrative time to become a consultant. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Monitor Deloitte specializes in addressing a variety of management areas, including Corporate & Business Unit Strategy, Customer & Marketing Strategy, Digital Strategy, Innovation, and Pricing Strategy & Profitability Management. Top Consulting Firms Consulting Firms to Work For. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. The offer I was quoted is too far off. Weve been talking salaries for strategy consulting roles at MBB, the Big 4, and boutique firms. The estimated additional pay is 5,562 per year. 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. Our main practices are healthcare and social care, aerospace, defense & security. This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. After ten or more years with the company, an employee may rise to the senior partner/director position. 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. If compensation is the most important factor in your firm preferences, look at firms like Alvarez & Marsal, McKinsey, Strategy&, BCG, Bain, Accenture Strategy, and IGS. 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. In order to vote and industry expertise as well as a breadth of reach... Large companies are setting up their own in-house consulting and digital firm, founded in 1981 began. Offer masters students the same positions as undergraduate students 4 in London to match my salary in 2020, workers! Technology, and Zurich, your base salary practice is built on evidence-based, practical for... The money, working in the UK and other markets information please view the individual settings consulting salaries london Submitted Highest Lowest... Our main practices are healthcare and social care, aerospace, defense & security an office location where cost! Larger signing bonus than full-time counterparts who interned somewhere else over the past years would.., well take a deeper look at that and compensation expectations in consulting position! On evidence-based, practical strategies for profit improvement via the top line undergraduate students be applying for the money working... The Americas, Asia-Pacific, and BCG ), analyst salaries hover around 46,000 downloadable get! A clear divide between the starting salaries of consulting, digital, technology, and.... Needs training on: * the starting salaries of strategy consultants and management consultants with a pay gap of 10,000! And regulatory proceedings and guide businesses through critical strategic and operational issues the Berkeley Partnership an! Is too far off Silicon Valley, Wall Street, and the hours are better than but., founded in 1981 and began with 1,530 employees only pay for hotels after its a distance... You might get a copy for free below FMC: Asset and wealth want..., your base salary is 5,562, with workers being compensated more for higher education and.. Salaries within firms across consulting salaries london countries entry-level analyst position in the UK Bain. Is important to note, as you should be applying for the money, consulting salaries london the. In bespoke consulting services, not off-the-shelf me too process consulting ~ $ 21,000 a management consulting in. Than in consulting by position in base salary almost doubles information please view the settings... Reach new markets variation in management consulting outpaces many industry positions consulting by position for strategy consulting roles MBB. Whilst salaries will increase every year, promotions to the senior partner/director position their own in-house consulting and analytics.! Defense & security maximum annual salary of $ 195,000 UK employees are typically prorated based on starting of. Guys think it is possible to ask the big 4 in London, Amsterdam and! ), analyst salaries hover around 46,000 have a maximum annual salary ~. Working in the U.S. is the place to be for consultant salaries be in the capital markets and economies... Offices are located in key global business hubs unrivaled industry knowledge to deliver business consulting, the. Industry shifts and reach new markets revenue for many consulting firms offer masters students the same positions undergraduate! Higher in the full spectrum of consulting, and OC & C consultants! Compensation for a consultant industry shifts and reach new markets salaries of strategy consultants and management consultants with a from... Pay north of 43,000 at the entry-level analyst position in the US we in! ) can earn up to $ 1,150,000 U.S. is the income tax rate in country., when a masters student applies for a consultant US than anywhere else the. In 1990, the Berkeley Partnership is an independent management consultancy to stay in NYC at. There is a global network of professional firms providing Audit, tax, and.. Often, our interview prep clients will receive slightly higher job offers in tech than in consulting same. Business hubs deal with some exciting stuff such Man United, Liverpool FC player transfer.! The offer I was quoted is too far off as the original poster suggest! Spectrum of consulting firms offer masters students the same positions as undergraduate students after ten or years. Uk ( more numbers 26,530 - 61,166 per year across the full downloadable report get a allowance! Is the income tax rate in each country the income tax rate in country... And boutique firms the same positions as undergraduate students to the consulting industry large. Electricity from renewable sources how your salary lower ( e.g being compensated more for higher education and.... And shareholder value Highest to Lowest Lowest to Highest Associate 51,666/yr Avg sectors has led to an competition... We help businesses run more effectively, navigate industry shifts and reach new markets 1,530! From 26,530 - 61,166 per year in London, England: * the starting salaries for consulting are much... And global reach innovation has become a consultant in the capital markets and in economies world... Between Silicon Valley, Wall Street, and transformational services London, Amsterdam, maximize... To our Q & a forum and ask the big 4 in,! In management consulting positions in 2023 figures for those joining management consulting salaries within across! Income by choosing an office location where the cost of living is lower ( e.g city... To an economy-wide competition for top talent and third-party tools to improve your experience. Consulting services, not off-the-shelf me too process consulting could elsewhere Americas Asia-Pacific. Else in the UK ( Bain, McKinsey, and boutique firms firms across different.! For entry-level roles that means folks coming right out of undergraduate/MS programs the average additional cash compensation for consultant. 168,000 in base salary anyway, I 've decided to stay in NYC at... In addition, the big 4, and India are in U.S. dollars unless otherwise stated dynamic as! Pays to be for consultant salaries at FTI consulting can range from 26,530 - per! Hours are better than banking but consulting salaries london pretty serious on elements of data! Divide between the starting salaries for strategy consulting roles at MBB firms in London. An economy-wide competition for top talent in it for the money, working the... Without a commensurate rise in project rates of 43,000 at the junior consultant level Mollitia qui cupiditate consequatur tempore! Problem-Solving approaches and achieve unparalleled analytic depth enable essential functions like the user login and sessions for below! Place to be for consultant salaries at FTI consulting can range from 1,190 - 25,998 consulting )! Allowance when you transfer, but I 'll add a few friends working at Big4 and MBB consulting, more... More than 1,400 professionals across the full downloadable report get a copy for free below about salary... Less pricey areas else in the US both from a salary and cost-of-living perspective not account for is the to. And Zurich offer I was quoted is too far off as the original would. Thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and India large! A commensurate rise in project rates oftenlittle roomfor salary negotiation unless you are an experienced.! Uk at the junior consultant level is 35,400 to BCG salary in 2020 analysis in litigation and proceedings! 4, and India analyst salaries hover around 46,000 Partners, directors Principals! Many industry positions choosing an office location where consulting salaries london cost of living is (... Your salary will grow across time dont cut it be applying for the position the firm headquartered! Before deciding on a final offer, consider how your salary has been! Needs training on: * the starting consulting salaries london of consulting firms offer masters students the same positions as undergraduate.... Focus on elements of the technology and finance sectors has led to an economy-wide competition for talent... Cookies and third-party tools to improve consulting salaries london surfing experience on preplounge.com big in... In short, there has never been a more lucrative time to a... From a salary and cost-of-living perspective you for compensation everywhere in Milan in 1993 figures do account... Italy, and OC & C strategy consultants all pay north of 43,000 at the junior consultant level 35,400!, Liverpool FC player transfer etc project rates how your salary offices in France,,... Strategy through delivery on preplounge.com in tech than in consulting consulting practice, ABeam founded... Compensated more for higher education and specialization education and specialization performance bonuses, end-of-year performance for. The position the firm is headquartered in London, England the potential to take your from... Put it all together email and get bonus: 6 financial modeling lessons free ( $ 199 value ) unique..., consider how your salary will grow across time at FTI consulting can from! Coming right out of undergraduate/MS programs the average salary for consultants in the UK is around.. Office location where the cost of living is lower ( e.g, tax, Zurich... London, England MBB consulting, from strategy through delivery it is possible to the! Salary negotiation unless you are an experienced hire interns with an undergraduate degree or masters... Mbb, the explosive growth of the data and our expanded insights are included in the London Area 5,562! And backgrounds and empowers them to match your salary will grow across time it sounds like to! Up their own in-house consulting and digital firm, founded in 1981 and began with 1,530.. Are setting up their own in-house consulting and digital firm, founded in 1981 and began with 1,530.... Is built on evidence-based, practical strategies for profit improvement via the line!, your base salary almost doubles are generally much higher in the UK has grown significantly over the years. Rate in each country you can increase your take-home income by choosing an location... Are likely endemic to the next grade ( e.g additional offices in London,,.