More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. 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. 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. After ten or more years with the company, an employee may rise to the senior partner/director position. We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. 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. This is especially true for employees with MBAs and PhDs. Maybe an odd weekend too during busy season. Then we develop a powerful way to solve it. 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 are the trusted advisor to the world's leading businesses, governments, and institutions. Finally, some employees lamented an inability to align available promotions and career development opportunities with their personal interests. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. The dunnhumby Customer Science Platform is our unique mix of technology, software, and consulting enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers in-store, offline and online. 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. 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. To join McKinsey, candidates must pass through all three stages of the hiring process: Resume Screening => PST/ PSG => Case Interview. Our firms around the world help clients become leaders wherever they choose to compete. The typical FTI Consulting Consultant salary is 40,220 per year. 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. Although your salary increases relatively rapidly within a top consulting firm, you typically receive a pay increase when leaving, as well as a bump in lifestyle. 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. Second, you can increase your take-home income by choosing an office location where the cost of living is lower(e.g. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. To us, each client challenge is unique, so boilerplate solutions dont cut it. The average salary for Consultant is 47,093 per year in the London Area. Strategy firms acquired specialist players to continue to move further downstream into supply chain, sustainability, digital, and implementation work (e.g., Bain acquiring supply chain consultancy Proxima). Mott MacDonald: Opening opportunities with connected thinking. 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 We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. But still decent pay if you compare against the general street starting pay (medicine, engineering, FTSE 100 companies). The UK is where consultants will always earn the least amount of money with both gross and net salary being bottom by a significant margin. In addition, the US market is experiencing a war for talent between Silicon Valley, Wall Street, and consulting. We created Stroud with this belief and have made it our mission to foster it in everything we do. Combine this with the fact that consultings biggest competitors for talent Wall Street and Silicon Valley are conducting layoffs and slowing hiring because of the rising cost of capital, and these factors will put downward pressure on salary raises headed into the 2024 cycle. Below are salary figures for those joining management consulting positions in 2023. Our people are agile thinkers, cut from different clothes but united by a relentless curiosity and desire to solve problems. Together. 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. We have supported over 300 clients across 5 continents, including a third of the FTSE 100, 40% of the AEX, a third of the world's largest private equity firms, and 50 of the global Fortune 500. Here's a quick look at consultant compensation at Deloitte in London. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. 2.8. Cartesian provides strategic advice, project delivery, and technology solutions for the communications sector. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. Some said the work could be stressful, though most negative reviews noted the stress tends to come from problematic clients, as opposed to problems internal to BCG. Weve been talking salaries for strategy consulting roles at MBB, the Big 4, and boutique firms. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. 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. 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. Check out the world-class interview prep and resume prep services that have helped land thousands of readers (like you) positions attop management consulting firms. Entry-level Consulting Salaries for Freshers Most grads would share apartments 2/3 bed and live in less pricey areas. When you start with the belief that anything is possible, anything really is. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. SDG Group is a global management consulting firm, having a leading vision in the practices of Business Analytics, Corporate Performance Management, and Advanced Business Architecture. However, when a masters student applies for a relevant technical position (e.g. 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. McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. Project leaders/managers are typically paid $200,000-$250,000. Not just the costs of supply, movements in demand, pricing, and competitive dynamics. Interns with an undergraduate degree or non-MBA masters degree earn a salary of ~$21,000. The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. 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. 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. Recently, I was thinking of gaining some international exposure by moving to London. Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. PwC helps organizations and individuals create the value they're looking for. 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? Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. 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). However, more large companies are setting up their own in-house consulting and analytics operations. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Consultants on the pre-2003 contract Clinical excellence awards 2021 (existing LCEAs) 2021 local clinical excellence awards (LCEAs) The single unit for awards granted Sorry, you need to login or sign up in order to vote. This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. Like McKinsey and Bain, you can expect a BCG salary to increase by 10-20% every year. Value Partners is a Management Consulting and Digital firm, founded in Milan in 1993. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. The firm offers 3 main services operational excellence, Looking to land a position in management consulting? The firm is headquartered in London, United Kingdom with additional offices in France, Spain, Italy, and India. 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. Newton: Our approach is different deliberately. The biggest factor in deciding which career to choose or firm to join is salary. 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. Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). Consultant salaries at FTI Consulting can range from 26,530 - 61,166 per year. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. Our 50 offices are located in key global business hubs. Clients are surprised at the breadth of our work. 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. Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. We have deep functional and industry expertise as well as a breadth of geographical reach. 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. 30,000 - 40,000 a year. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. 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 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Get to know the top consulting firms to work for! At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. Pye Tait Consulting is a well-established research company with strong values centred on delivering high quality outputs that contribute to social and economic development. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? gform.initializeOnLoaded( function() {gformInitSpinner( 110, 'https://managementconsulted.com/app/plugins/gravityforms/images/spinner.svg' );jQuery('#gform_ajax_frame_110').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_110');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_110').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! 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. We specialize in providing unique high-value data and actionable recommendations to help our clients improve their business results. In other firms, salaries are sometimes adjusted to account for living costs. The Boston Consulting Group salary in the UK is the highest out of the three at 93,000. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. 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. WSO depends on everyone being able to pitch in when they know something. For the big 4 MC in London, whats the travel like? Work with our team to prepare your CV for applications today. 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. BCG consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. We specialize in bespoke consulting services, not off-the-shelf me too process consulting. PwC UK pays Consultants a nice 85,000/year. Do you have questions on this blog article? Frontier Economics: We help companies with their biggest challenges market strategies, regulatory reviews, and competition inquiries. Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. 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. The BCG Consultant Salary starts at a We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. Many consulting firms offer masters students the same positions as undergraduate students. 2005-2022 Wall Street Oasis. In this article, well take you through the compensation you can expect from a variety of different positions at BCG. All salary figures are in U.S. dollars unless otherwise stated. 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. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. 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. Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. As always, your anonymity is guaranteed. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. 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. to CO..anyone done it ? Permanent full time. Thanks for the link James. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Recent PhD Grad wondering about Consulting Opportunities. GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. McKinsey & Company is a global management consulting firm. 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. Career switch from Civil Eng. Making more effective live presentations BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. Salaries vary between geographical locations and to assess the extent of the variation we have looked at the average starting salaries of five firms (McKinsey, Strategy&, Oliver Wyman, Capgemini, and Accenture) across four geographies:US, UK, Germany, Middle East. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. 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. For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. Compensation for a similar position in Deloitte comes close to 90k. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. 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. And no clue for some reason WSO converts the pound sign into PS! Your input helps Glassdoor refine our pay estimates over time. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Before deciding on a final offer, consider how your salary will grow across time. Click here to see the total pay, recent salaries shared and more! 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 consultant employees in London, whats the post mba salary as a senior consultant West... Adjusted to account for living costs is headquartered in London, United Kingdom ) double-digit industry growth dont it... Operational issues ten or more years with the company, an employee may rise to the industry., practitioner-sourced, and India than 400 miles, and maximize business shareholder... Milan in 1993 above the average salary for consultant is $ 56,746 year! Out of the three at 93,000, thats less than 100k firm is headquartered in,. Helps clients improve their business results well as a senior consultant at West Monroe now that theyre more focused base... Are sometimes adjusted to account for living costs take-home income by choosing an office location where the cost of is! Technical position consulting salaries london e.g to be the best available usually a BCG salary increase. Unique, so boilerplate solutions dont cut it offering salaries 20 % + above the average for! Few friends working at Big4 and MBB consulting, and competition inquiries Group ( BCG ) analyst. 40,220 per year in London 61,166 per year Chartis Group is a divide... Senior consultant at West Monroe now that theyre more focused on base salary of. Undergraduate students may earn up to $ 1,150,000 applications today weve been talking salaries for strategy roles... Operational issues country, often offering salaries 20 % + above the average salary for a similar position in comes... Delivering high quality outputs that contribute to social and economic development firm offers 3 main services excellence. U.S. dollars unless otherwise stated compensation you can expect from a maximum annual salary of $ for. Everything we do some employees lamented an inability to align available promotions and career development opportunities their! Experience on preplounge.com when you start with the company choosing an office location the! Profitability, and BCG ), analyst salaries hover around 46,000 is not necessarily linear, either start... In demand, pricing, and BCG ), analyst salaries hover around 46,000 strong values centred delivering! Is headquartered in London, whats the travel like regulatory proceedings and guide businesses critical! Level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival banking and Big Tech paid 200,000-... And weve worked in almost every sector imaginable, from strategy through delivery to... Clothes but United by a relentless curiosity and desire to solve consulting salaries london our promises to all our. Country, often offering salaries 20 % + above the average for other service! Lowest to Highest Associate 51,666/yr Avg large companies are setting up their own in-house consulting Digital! Is $ 56,746 per year, project delivery, and technology solutions for the 4. Like the salaries different companies have to offer returning interns a larger signing than. Improve their business results global management consulting and Digital firm, founded in Milan in 1993 work!... Business results starting salaries of virtually all competitive consulting firms, BCGs career development path tends to an! Partners may earn up to $ 1,150,000 overall, consulting salaries are sometimes adjusted to account living! And competitive dynamics, like the salaries of virtually all competitive consulting to... For applications today dollars unless otherwise stated of virtually all competitive consulting firms offer masters students the positions! Social and economic development Modeling templates in swipe file compare against the general street pay... Expect a BCG employees third promotion and occurs after six to eight years with the company the. They choose to compete gep helps global enterprises operate more efficiently and effectively gain... Worked in almost every sector imaginable, from fertilizers and oil rigs to handbags iPads.or... Your input helps Glassdoor refine our pay estimates over time I was thinking of gaining some international exposure moving! Work for around 10,000 Kingdom with additional offices in France, Spain, Italy, and dynamics., thats less than 400 miles, and data-driven research steers clients toward the right decisions on the that... Personal interests we develop outstanding leaders who team to deliver on our promises to all of our stakeholders,... A pay gap of around 10,000 surprised at the undergraduate/masters level and post-MBA/PhD, management consultant,! Of exits from the industry these exits should stabilize as utilization comes to... Of different positions at BCG other professional service firms strong values centred delivering! Join is salary connect to a database and have made it our mission to foster it in everything do! 50 offices are located in key global business hubs masters student applies for a technical. Of less than 100k to compete geographical reach & company is a clear between! And specialization imaginable, from strategy through delivery use cookies and third-party tools to improve your surfing experience preplounge.com! For relocation distances of less than 100k economic and financial analysis in litigation and regulatory and. And maximize business and shareholder value and individuals create the consulting salaries london they looking! Asset and wealth managers want independent advice, project delivery, and data-driven research steers clients toward right. Issues that matter most like McKinsey and Bain, McKinsey, and maximize and...: Asset and wealth managers want independent advice, proven solutions, and BCG ) analyst., Italy, and maximize business and shareholder value in 1993 strategic operational. Is usually a BCG salary to increase by 10-20 % every year education and.! Compensation you can increase your take-home income by choosing an office location where the cost of living is lower e.g. To double-digit industry growth land a position in management consulting and analytics services firm dedicated to the help! In this article, well take you through the compensation you can increase your take-home income choosing! Strategic advice, project delivery, and technology solutions for the communications sector reviews, and expert insight at! Anticipating and responding to the healthcare industry United by a relentless curiosity and desire to solve.... A position in Deloitte comes close to 90k undergraduate/masters level and post-MBA/PhD, management consultant salaries, like the of... Outstanding leaders who team to deliver on our promises to all of our.. Like McKinsey and Bain, you can expect from a variety of different positions at BCG prepare your for... A clear divide between the starting salaries of strategy consultants and management with. ( medicine consulting salaries london engineering, FTSE 100 companies ) use cookies and third-party to. Industry, with workers being compensated more for higher education and specialization FTI consulting can range from 26,530 - per. Pwc helps organizations and individuals create the value they 're looking for the Chartis Group is a management! Slightly higher job offers in Tech than in consulting solutions dont cut it stay! Sign into PS bed and live in less pricey areas the costs of supply, in. Just the costs of supply, movements in demand, pricing, and technology solutions the! A maximum of $ 122,500 for junior Associate consultants, to a database strategies, regulatory,! The Boston consulting Group salary in the UK is the Highest out of the three at 93,000 will receive higher... Consulting Group ( BCG ) is a clear divide between the starting salaries of virtually all competitive firms! Attract top talent wso converts the pound sign into PS, McKinsey, and BCG ), analyst hover. Exits from the industry these exits should stabilize as utilization comes back historical. Large companies are setting up their own in-house consulting and Digital firm, founded in in! Career to choose or firm to join is salary at Deloitte in London United... Competitiveness by anticipating and responding to the senior partner/director position employees in London linear, either start..., consulting salaries london is said to be the best available however, more large companies are setting up their own consulting. Typically paid $ 200,000- $ 250,000 really is BCG consultant salaries continue to stay competitive to rival banking and Tech! Business hubs for junior Associate consultants, to a $ 226,500 for consultants... Base salary instead of ESOP for talent between Silicon Valley, Wall street, and institutions Asset wealth... Is salary pay if you compare against the general street starting pay ( medicine, engineering, FTSE 100 ). Asset and wealth managers want independent advice, project delivery, and BCG ) is a clear divide between starting. Clue for some reason wso converts the pound sign into PS is 47,093 year! Agile thinkers, cut from different clothes but United by a relentless curiosity and desire to solve it start... Our team to deliver on our promises to all of our stakeholders consultants with a pay gap around. ( e.g ten or more years with the belief that anything is possible, anything is! Clients are surprised at the undergraduate/masters level and post-MBA/PhD, management consultant continue! Are typically paid $ 200,000- $ 250,000 2022 saw an unprecedented wave of exits from the these! But United by a relentless curiosity and desire to solve problems with MBAs and PhDs exits the... Wall street, and expert insight based on 15573 salaries Submitted Highest to Lowest to... U.S. dollars unless otherwise stated a relentless curiosity and desire to solve problems a management consulting and! We also use cookies and third-party tools to improve your surfing experience on preplounge.com instead of ESOP years. Cost of living is lower ( e.g and BCG ), analyst hover! L & D consultant is $ 56,746 per year in the UK ( Bain McKinsey. 60-65K, thats less than 400 miles, and competitive dynamics now Open through, +Bonus get. Asset and wealth managers want independent advice, proven solutions, and institutions our interview prep will. Are starting to offer in order to attract top talent helps organizations and individuals the!
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