McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Founded more than 30 years ago, L.E.K. Recent PhD Grad wondering about Consulting Opportunities. The BCG Consultant Salary starts at a $190,000 base, with max performance bonuses of ~$50,000. At Accenture UK, the consulting analyst salary is 33,500. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. We bring the big ideas, then we make them real. But you will also make a lot of money. 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 In NYC, fresh graduates in big 4 It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. The average starting salary for a graduate entering consulting is 37,000 making consulting one of the most lucrative careers you can choose as a graduate, higher than medicine, and behind only investment banking and commercial law. 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. We believe the dramatic increase in pre-MBA salaries is a forerunner to this playing out in the industry over the next 10-15 years. 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. As always, your anonymity is guaranteed. Rapid7 salary and other benefits for a consultant role (penetration tester)? BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. We help our clients realize their goals by applying our deep industry and functional expertise to understand and address their specific needs. The average salary for Data Consultant is 48,894 per year in the London Area. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. We question everything and apply thoughtful and rigorous analysis to each challenge, issue, and opportunity. 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). Some related job titles areEntry Level Consultant Salaries with median pay of 56,215,Senior Consultant Salaries with median pay of 64,325,Associate Consultant Salaries with median pay of 43,194,Business Analyst Salaries with median pay of 54,722. Quae praesentium blanditiis nihil totam illo sed fugiat. Deloitte Consulting in the UK pays its consultants 91,000. Capgemini is driven by the conviction that the business value of technology comes from and through people. Most surprisingly, consultant salaries in London are relatively lower given its high cost of living. 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. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. The PSC is the trading name of 2020 Delivery Limited. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. Many consulting firms offer masters students the same positions as undergraduate students. Deloitte Government & Public Services Undergraduate & Masters Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. So far, margins have been protected by a decrease in operational costs (i.e., smaller office space, less travel). Because of the up-or-out structure and the attractive exit opportunities, only a small percentage of consulting recruits make it all the way to Senior Partner. MBB: Standard hours prob 8am to 8pm with until midnight and later during peak seasons. 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. My team needs training on:* Mollitia qui cupiditate consequatur magni tempore voluptatum. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. Our people are agile thinkers, cut from different clothes but united by a relentless curiosity and desire to solve problems. 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 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. King's College Hospital NHS Foundation Trust. EY is a global leader in assurance, tax, transaction, and advisory services. We help businesses run more effectively, navigate industry shifts and reach new markets. Censeo is a strategy and operations consulting firm focused on helping mission-driven organizations strengthen their management and operational capabilities to achieve social and public impact. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. Been promised a 12-15% hike with a promotion to manager in feb and ano more 1 Like 8 Comments Share 2 months an Assistant Director Does anyone know how much an SM and Associate Director make in Accenture London? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. Permanent full time. We are outcomes-focused, wanting to create lasting legacies through what we deliver and the way that we work. Specializing in digital and IT transformation, sourcing advisory, global strategy, and governance services, Avasant prides itself on delivering high-value engagements through industry-focused innovation and flexible client-based solutions. Management Consultant Salary United States. After ten or more years with the company, an employee may rise to the senior partner/director position. Vallis Consulting South East, South-East District, Botswana4 weeks agoBe among the first 25 applicantsSee who Vallis Consulting has hired for this roleNo longer accepting applications. How much does a Consultant in London Area make? This field is for validation purposes and should be left unchanged. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. 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. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Founded in 1990, The Berkeley Partnership is an independent management consultancy. Born from Deloitte Touche Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees. The most extravagant of these include MBA second-year tuition coverage plus signing bonuses (heres looking at you, Deloitte). employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. Bain & Company is one of the world's leading business consulting firms. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. They often offer higher base salaries but the roles are more siloed and the promotion trajectory is slower. 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. 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. This has two important implications. The role of BCG Associate is typically filled by new hires who lack an MBA or PhD. Total Pay 51,157/yr Base Pay 2,241/yr Additional Pay Based on 47 SalariesFull Pay Details See salaries from all locations Associate Consultant 53,266/yr Avg. It sounds like you have your mind made up, but I'll add a few additional points. Learn more about training for your team or organization 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. Likewise, PhDs often (though not always) receive the same compensation as MBAs. Im working as a change consultant (OCM) at an Accenture equivalent firm in London. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. 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. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. Total Pay 102,146/yr Base Pay 20,000/yr Additional Pay Based on 193 SalariesFull Pay Details 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. Clients are surprised at the breadth of our work. Yes you get 25 working day annual leave as a fresh graduate which rises to 30 at managerial level. Converting all salaries to US dollars it is easy to see exactly where junior consultants earn the most money (and are perhaps the most valued by the industry). Our ethos: People Transformation. 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. 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. I suffered a pretty serious injury outside of work last year that saw me in the hospital for 5 days and off work for 2 months. 178,883per year. One common refrain is the clich that you can have a baby for only $20 in copays. But the do hire some MBAs in manager roles salary 55k to 65k. Because of that,masters students often receive the same compensation as undergraduates (Deloitte is a notable exception to this). The UK Consultant salary at MBB firms ranges from 90,000-93,000. Next, lets take a look at a breakdown of BCG salaries by role. The number is essentially the same. The escalation to the project leader/manager role is typically the first promotion BCG employees earn after their first two to three years with the company (post MBA). Luckily for you, the consulting industry has never been stronger. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Sorry, you need to login or sign up in order to vote. We help asset and wealth management businesses use technology to turn goals into reality. Contribute to our Q&A forum and ask the community your question! Base/bonus breakdown would also be great. Elixirr is a different type of consultancy. To us, each client challenge is unique, so boilerplate solutions dont cut it. BCG salary at this stage includes a base rate of $252,900, with performance bonuses from $120,000-220,000. Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. Work Email* PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. Our consultancy team has an unrivaled track record of delivering it.. 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. Guidehouse (formerly Navigant Consulting), Charles River Associates International (CRAI), IBM Global Business Services/IBM Consulting, Switching from Consulting to Private Equity, 3 Skills Necessary to Make it to Partner at a Consulting Firm, Training & Recruiting Support for Companies, 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 500+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases, On your offer letter, the listed maximum amount of. 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