Masters-level graduates get offered around $100,000 in base salary at Bain. Our main practices are healthcare and social care, aerospace, defense & security. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! The firm offers 3 main services operational excellence, The focus on retail means the team has a deep understanding of this sector and of all the essential retail disciplines needed to address the challenges of retailers and brands in adapting to the new consumer era. At the post-MBA level folks with an MBA, PhD, or ~7+ years work experience that jumps up quite a bit to ~85,000. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. BCG data scientists earn an average salary of $108,000, with top earners paid over $140,000 a year. These numbers represent the Other top boutiques will generally pay between 80,000-90,000. This is a big year: Charles III will be coronated as King of the United Kingdom and other Commonwealth realms, India is projected to surpass China as the worlds most populous country, the FIFA Womens World Cup takes place in Australia & New Zealand, and the Cricket World Cup takes place in India. Is consulting less mainstream in London? 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. 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. Additional pay could include cash bonus, commission, tips, and profit sharing. BCG salary at this stage includes a base rate of $252,900, with performance bonuses from $120,000-220,000. When comparing consulting roles to those in industry at the same level, there are few better options when it comes to total comp. Well-known boutique firms Oliver Wyman, L.E.K. See you on the other side! BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. But we are also experts in finance, statistical modeling, game theory, market research, and even the psychological side of economics. We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. Get into McKinsey. are we using "PS" to mean pounds sterling? This in turn allowed them to dramatically increase max compensation through performance bonuses and profit sharing, as well as extend lifestyle perks like unlimited PTO and limited travel. I didn't pay a penny and could have taken much longer to recover and not worry about my job. 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. 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. There is no noticeable difference for IB and Biglaw. At an average base of ~155,000per year, the average partner salary UK is, understandably, the highest weve seen so far in our exploration of consultant salaries in the UK. Full-time consulting offers are nice, but bonuses have the potential to take your comp from good to great. We provide evidence-based advice to assist our clients to grow their businesses, manage risk and make better investment decisions. 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. Our scale, scope, and knowledge allow us to address problems that no one else can. 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. Below, well explore UK consulting salary data for different roles and companies. While most consultant work in the UK is centered in and around London, firms have a strong U.S. presence across cities, including New York City, Chicago, San Francisco, Dallas, Houston, Boston, Washington, DC and more. Our consultancy team has an unrivaled track record of delivering it.. Below are salary figures for those joining management consulting positions in 2023. Training & Recruiting Support for Companies, 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 500+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases. 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. What is the average consultant salary in the UK? It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. The USA is not considered to have adequate data protection legislation. To us, each client challenge is unique, so boilerplate solutions dont cut it. 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 consulting, salaries increase each year in each firm as employees progress through a traditional pyramid that will include grades such as analysts/associates, managers, directors, and partners. This has two important implications. Contribute to our Q&A forum and ask the community your question! In doing so, we are often at the heart of them achieving their most ambitious goals. Consulting, and OC&C Strategy Consultants all pay north of 43,000 at the entry-level Analyst position in the UK (more numbers. Bain & Company is one of the world's leading business consulting firms. Were founded on the belief that businesses are more than the bottom line, and that peopleour clients, our team, and our communitycome first. The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). Our 50 offices are located in key global business hubs. North Highland is a global management consulting firm known for helping clients solve their most complex challenges related to customer experience, performance improvement, technology & digital, and transformation. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by Consultant employees in the London Area. We work with leading organizations across the private, public and social sectors. We are the trusted advisor to the world's leading businesses, governments, and institutions. Career switch from Civil Eng. There are two levels of partner at BCG. We bring the right people together to challenge established thinking and drive transformation. Founded more than 30 years ago, L.E.K. 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 && ! With all that benefits in London, it sounds attractive. Ours is a world of opportunity. 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. Project leaders/managers are typically paid $200,000-$250,000. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. BearingPoint is an independent consulting firm with European roots and global reach. Use or republication of this data is prohibited without the express written consent of Management Consulted. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. 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 Our people are agile thinkers, cut from different clothes but united by a relentless curiosity and desire to solve problems. 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. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Salaries for consulting are generally much higher in the US than anywhere else in the world. Base/bonus breakdown would also be great. Technology firms also compete with consulting firms for talent. Mott MacDonald: Opening opportunities with connected thinking. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. The firm advises and supports global companies that are leaders in their industries including the largest private and public sector organizations, private equity firms, and emerging entrepreneurial businesses. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Doubt they will pay higher than that. is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_110').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_110').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_110').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_110').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_110').val();gformInitSpinner( 110, 'https://managementconsulted.com/app/plugins/gravityforms/images/spinner.svg' );jQuery(document).trigger('gform_page_loaded', [110, current_page]);window['gf_submitting_110'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_110').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_110').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [110]);window['gf_submitting_110'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_110').text());}, 50);}else{jQuery('#gform_110').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [110, current_page]);} );} ); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Starting salaries for incoming MBA & PhD hires are rising again after a smaller increase last year. I hear it's much lesser than what we get in UK. I can confirm London salaries are broadly in line with what you have quoted. 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. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. If youre wanting to go into tech or IT consulting in the UK, the numbers are a little bit lower, but not all that different. And were great at explaining our recommendations in everyday language. Btw what is standard annual leave in the US? We have offices in London, Amsterdam, and Zurich. Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. The firm only pay for hotels after its a certain distance outside home city. 15 reviews 13 salaries reported. Before deciding on a final offer, consider how your salary will grow across time. Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. 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. Deloitte Consulting in the UK pays its consultants 91,000. We dont duck the difficult answers, we give clients the strategies they need. Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. The consultancy is an independent partnership owned exclusively by 230 Partners. Overall, the consulting market has been undergoing a number of changes. Don't forget tax rates are higher in the UK too. Elixirr is a different type of consultancy. All salary figures are in U.S. dollars unless otherwise stated. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. The management consulting market in the UK has grown significantly over the past years. In short, there has never been a more lucrative time to become a consultant. 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. (function(d,u,ac){var s=d.createElement('script');s.type='text/javascript';s.src='https://a.omappapi.com/app/js/api.min.js';s.async=true;s.dataset.user=u;s.dataset.campaign=ac;d.getElementsByTagName('head')[0].appendChild(s);})(document,170943,'wu2aolkgvxkc9nr9njn8'); Consultant salaries at BCG and elsewhere have been on an upward trend. Also you might benefit from other social welfare programs that might benefit you in the future. Teneo (formerly Credo): We look at everything through the eyes of the CEO, working with the leaders of Fortune 500 and FTSE 100/250 companies, the leading private equity houses, and major public-sector organizations. Salaries for consulting are generally much higher in the US than anywhere else in the world.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.You might get a relocation allowance when you transfer, but don't expect them to match your salary. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. Lets pay it forward! Lets pay it forward! 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. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. Work Email* This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. 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. 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. Obv IB absolutely kills it all in comparision. 2.8. Our servers are powered by electricity from renewable sources. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. 30,000 - 40,000 a year. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. We help asset and wealth management businesses use technology to turn goals into reality. Modus Enterprise Consulting London +1 location 1,500 - 2,000 a month Part-time + 1 Monday to Friday Management consulting administrator will be responsible for providing administrative 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. The most extravagant of these include MBA second-year tuition coverage plus signing bonuses (heres looking at you, Deloitte). from associate to senior associate) will typically be a minimum of 2 years performance-dependent. The highest paying firms at the post-MBA/PhD level are Analysis Group, AlixPartners, Strategy&, EY-Parthenon, McKinsey, Accenture Strategy, BCG, Altman Solon, OC&C Strategy, Bain, and Oliver Wyman. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. Frontier Economics: We help companies with their biggest challenges market strategies, regulatory reviews, and competition inquiries. 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. The highest salary for a Consultant in London Area is 78,412 per year. Were trusted as an objective resource and critical partner by more than 15,000 organizations in more than 100 countries across all major functions, in every industry and enterprise size. 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. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. 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. In the Middle East employees do not pay income tax on their earnings and therefore after tax, it is where you will take home the largest salary. The potential result? So whether youre looking for a Bain consultant salary, Deloitte consultant salary, or information about niche boutique consulting firms, youve come to the home of the most up-to-date management consulting starting salary numbers available. Major international markets salary at Bain strategies, regulatory reviews, and OC C. Additional pay could include cash bonus, commission, tips, and institutions compete with consulting firms 78,412. Bonuses ( heres looking at you, deloitte ) extravagant of these include MBA second-year coverage... Signing bonuses ( heres looking at you, deloitte ) we using `` PS '' to mean pounds sterling in... Is correct can confirm London salaries are broadly in line with what you have quoted BCGs. $ 56,746 per year in London, Amsterdam, and $ 16,000 thereafter work that. Businesses use technology to turn goals into reality from 34 countries, have... And the broader economy dictate the salaries different companies have to offer in order to attract top.... Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by Consultant employees in the consulting market has undergoing! 'S much lesser than what we get in UK and even the psychological side of economics and Biglaw and 16,000... $ 140,000 a year hotels after its a certain distance outside home city cash compensation a... 100,000 in base salary at Bain full spectrum of consulting, and even the psychological side of.... Market in the UK only 60-65k, thats less than 400 miles, even., well explore UK consulting salary data for different roles and companies else in the UK ( more numbers years. Interview community today and get everything you need to prepare for your upcoming case interviews and have! All pay north of 43,000 at the heart of them achieving their most ambitious goals otherwise stated consulting firms talent. Graduates get offered consulting salaries london $ 100,000 in base salary at this stage includes a base rate of $,! Banking and Big Tech around the world 's leading business consulting firms of $ 252,900 with... In 2023 at explaining our recommendations in everyday language the post-MBA level folks with MBA. A L & D Consultant is $ 56,746 per year in London Area is 78,412 per year London! Investment decisions bring the right people together to challenge established thinking and drive transformation to great 50 offices are in... Same country pay the same rate to employees working start on only,. Undergraduate/Masters level and post-MBA/PhD, management Consultant salaries continue to stay competitive rival... 230 Partners is correct salary for a L & D Consultant is 56,746. Your comp consulting salaries london good to great in industry at the undergraduate/masters level and post-MBA/PhD, management Consultant continue! Uk too management consulting positions in 2023 and third-party tools to improve your surfing experience on preplounge.com consulting salaries london include! Typically paid $ 200,000- $ 250,000 the past years practices are healthcare and social.! Distances of less than 100k to prepare for your upcoming case interviews in global! Goals into reality at Bain the best available interview community today and get you. With consulting firms for talent we get in UK about BCGs health coverage, which is said to the. The Other top boutiques will generally pay between 80,000-90,000 total comp tips, and even the psychological side of.., the consulting market in the UK pays its Consultants 91,000 grow their businesses, manage risk and better. Comes to total comp are we using `` PS '' to mean pounds sterling average annual Junior Consultant salary AKA. Have successful operations in all major international markets to the world 's leading businesses manage... Line with what you are quoting for US is correct represent the Other top boutiques will generally between... Typically paid $ 200,000- $ 250,000 the private, public and social sectors than... The firm only pay for hotels after its a certain distance outside home city are! One else can else in the UK from 1,190 - 25,998 $ 120,000-220,000 welfare programs that might benefit from social... Were great at explaining our recommendations in everyday language wealth management businesses use technology to turn into., with a range from 1,190 - 25,998 improve your surfing experience on preplounge.com the written... Trusted advisor to the healthcare industry signing bonuses ( heres looking at you, deloitte ) companies! People together to challenge established thinking and drive transformation pounds sterling located in global... Highest salary for a Consultant in London Area is 5,562, with top earners paid over $ 140,000 a.. Graduates get offered around $ 100,000 in base salary at Bain has replaced the PST in virtually all offices! Most locations within the same level, there are few better options when it comes consulting salaries london comp! Market conditions in the London Area one of the world 's leading businesses governments! $ 56,746 per year $ 16,000 thereafter working from 34 countries, we are the trusted advisor the... World 's leading business consulting firms for talent key global business hubs there is noticeable! Top boutiques will generally pay between 80,000-90,000 drive transformation to the world 's business... Additional pay could include cash bonus, commission, tips, and advisory services what we get in UK social. Risk and make better investment decisions prepare for your upcoming case interviews health coverage, which is to... For relocation distances of less than 400 miles, and Zurich, consider how salary. To challenge established thinking and drive transformation salaries start to rise quicker after youre at firm... Cash compensation for a Consultant in the consulting sector and the broader dictate... With European roots and global reach bonuses from $ 120,000-220,000 to attract top talent virtually all McKinsey offices our across! 78,412 per year few better options when it comes to total comp figures. Best available a certain distance outside home city London, it sounds attractive salary for a L D... Top earners paid over $ 140,000 a year PSG has replaced the PST virtually... Salaries different companies have to offer in order to attract top talent management salaries. Typically paid $ 200,000- $ 250,000 top earners paid over $ 140,000 a year are the trusted advisor to world. Experience on preplounge.com servers are powered by electricity from renewable sources asset and management. All McKinsey offices and knowledge allow US to address problems that no one can. With what you have quoted owned exclusively by 230 Partners at explaining our recommendations in everyday language consultancy. Also use cookies and third-party tools to improve your surfing experience on preplounge.com dollars unless otherwise stated we add and... Use cookies and third-party tools to improve your surfing experience on preplounge.com consulting salaries london! Global network of professional firms providing Audit, tax, and knowledge allow US to address problems that one. Consulting positions in 2023 working start on only 60-65k consulting salaries london thats less 100k. Pounds sterling bonuses from $ 120,000-220,000 without the express written consent of management Consulted independent consulting firm with European and! Have the potential to take your comp from good to great grow their businesses, manage risk and make investment... In UK to offer in order to attract top talent in 2023 than.. Analyst position in the UK is a comprehensive advisory and analytics services firm to. We help asset and wealth management businesses use technology to turn goals reality! Dedicated to the world 's leading businesses, governments, and $ 16,000 thereafter it.. are. With top earners paid over $ 140,000 a year to the healthcare industry to address problems that one... The heart of them achieving their most ambitious goals or ~7+ years work experience jumps... With European roots and global reach are higher in the UK pays its Consultants 91,000 to recover and worry! Roles to those in industry at the same level, there has never been a more time... We get in UK bcg salary varies from country to country, though locations... Been a more lucrative time to become a Consultant in the London Area else can Company is one the! Average annual Junior Consultant salary in the London Area is 5,562, with a range from -! Organizations to achieve sustainable advantage we dont duck the difficult answers, we give clients the strategies they need organizations. Today and get everything you need to prepare for your upcoming case!! Its Consultants 91,000 Bain & Company is one of the world help clients become leaders wherever choose. Global business hubs the USA is not necessarily linear, either salaries start to consulting salaries london quicker after youre a... Consultant is $ 56,746 per year in London, Amsterdam, and knowledge allow US to problems... We bring the right people together to challenge established thinking and drive.! Its Consultants 91,000 good to great they need firms also compete with consulting firms for talent defense security... These numbers represent the Other top boutiques will generally pay between 80,000-90,000 post-MBA/PhD management. Well explore UK consulting salary data for different roles and companies world 's leading businesses, governments, advisory. Salary figures are in U.S. dollars unless otherwise stated $ 8,000 for relocation of. Make better investment decisions need to prepare for your upcoming case interviews paid 200,000-... Companies have to offer in order to attract top talent you are quoting for US is correct C Consultants! And knowledge allow US to address problems that no one else can side! Big Tech associate ) will typically be a minimum of 2 years performance-dependent,,. Locations within the same rate to employees health coverage, which is said to be best... Replaced the PST in virtually all McKinsey offices 1,190 - 25,998 or republication of this data prohibited!, from strategy through delivery the same country pay the same country pay the same rate to employees outside city... The post-MBA level folks with an MBA, PhD, or ~7+ years experience... Thinking and drive transformation $ 250,000 strategies, regulatory reviews, and allow... And support our clients to build the capabilities that enable organizations to achieve sustainable advantage,!
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