Clients are surprised at the breadth of our work. We go deep to unlock insight and have the courage to act. Our 50 offices are located in key global business hubs. Where the UK differentiates itself in part is in benefits and culture. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. Permanent full time. Kim KardashianDoja CatIggy AzaleaAnya Taylor-JoyJamie Lee CurtisNatalie PortmanHenry CavillMillie Bobby BrownTom HiddlestonKeanu Reeves Business, Economics, and Finance GameStopModernaPfizerJohnson & JohnsonAstraZenecaWalgreensBest BuyNovavaxSpaceXTesla Crypto CardanoDogecoinAlgorandBitcoinLitecoinBasic Attention Unlock all materials helping you land the next job in McKinsey! Deloitte Government & Public Services Undergraduate & Masters BCGs summer internship program runs for 10 weeks. This website uses cookies to enable essential functions like the user login and sessions. We help our clients realize their goals by applying our deep industry and functional expertise to understand and address their specific needs. 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. WSO depends on everyone being able to pitch in when they know something. PwC UK pays Consultants a nice 85,000/year. Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. Consulting jobs provide opportunities to build both general and specialized skills and develop at all stages of a workers professional career. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. The average salary for Consultant is 47,093 per year in the London Area. As strategies, technologies, and innovation collide, we turn complexity into opportunity. At McKinsey, Bain, and BCG, management consulting salaries are relatively flat across all offices within a country. Kearney offers MBA grads $168,000 in base salary. 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. 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. Our scale, scope, and knowledge allow us to address problems that no one else can. McKinsey & Company is a global management consulting firm. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. 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. Training & Recruiting Support for Companies. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. London. In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. Bain & Company is one of the world's leading business consulting firms. We dont duck the difficult answers, we give clients the strategies they need. 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. Find out what management consultants earn in the UK! They often offer higher base salaries but the roles are more siloed and the promotion trajectory is slower. Whilst Germany pays the highest gross salary they also have a top rate tax band of 45% of earnings making the take-home considerably less. As part of the PwC network, Strategy& helps clients solve their issues from strategy through to execution. What these figures do not account for is the income tax rate in each country. The USA is not considered to have adequate data protection legislation. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. 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. Well in NYC, IB starts on the same base salary as consulting. Salary 22k-30k dependent on experience. Consultants here specialize in AI and machine learning. Were an international consulting firm, but weve never seen size as an end in itself. 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. 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. London is calling! Additionally, workers have the opportunity to expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements. Welcome to 2023, and our updated management consulting salaries report! There are two levels of partner at BCG. Not only are finance and tech slowing hiring, but consulting continues to offer faster promotion cycles, broader industry exposure, and a better path to business leadership. We are passionate about taking on immense challenges that matter to our clients and, often, to the world. Do you have any consulting salary data or comments that you would like to share? data scientist), they can receive more compensation than an undergraduate counterpart. 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. The average additional cash compensation for a Data Consultant in the London Area is 3,872, with a range from 1,314 - 11,410. Our work combines advice with action and integrity. Et dolores harum est sed sed debitis consequatur. You can fill out this anonymous form, add acomment below, orsend us an email. More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. is_redirect && ! Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. 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 The rise in competition for top talent has accelerated this development. WTF?! 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. 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). Total Pay 102,146/yr Base Pay 20,000/yr Additional Pay Based on 193 SalariesFull Pay Details This to the best of our knowledge is the only firsthand report in the industry containing current numbers obtained directly from offer letters for an entry level McKinsey salary, Boston Consulting Group salary, and stats from over 60 additional consulting firms. Recently, I was thinking of gaining some international exposure by moving to London. 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 are the trusted advisor to the world's leading businesses, governments, and institutions. Your input helps Glassdoor refine our pay estimates over time. 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. Here's a quick look at consultant compensation at Deloitte in London. One notable exception is finance, where salaries are higher but work-life balance is often worse. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. But still decent pay if you compare against the general street starting pay (medicine, engineering, FTSE 100 companies). Because of that,masters students often receive the same compensation as undergraduates (Deloitte is a notable exception to this). It sounds like you have your mind made up, but I'll add a few additional points. The average IT consultant salary in the UK is ~45,000. Is compensation in the UK higher than in the U.S.? At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. Contribute to our Q&A forum and ask the community your question! 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. Technology consultant salaries in the UK? We also use cookies and third-party tools to improve your surfing experience on preplounge.com. Again, keep in mind that this is base salary only, and is an average across firms. Thats significantly lower than the average US BCG consultant salary of $165,000. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Deloitte). However, this growth is not without potential peril. Quae praesentium blanditiis nihil totam illo sed fugiat. 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. BCG data scientists earn an average salary of $108,000, with top earners paid over $140,000 a year. Many of BCGs US locations boast a significantly cheaper cost of living than London. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. are we using "PS" to mean pounds sterling? If you are thinking of becoming a Consultant or planning the next step in your career, find details about the role, the career path and salary trajectory of a Consultant. You might get a relocation allowance when you transfer, but don't expect them to match your salary. Your data could be accessed by law enforcement without prior public trial in court. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. This increase was on par with the last major increase we saw in 2019. Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. ABeam Consulting strives to give organizations the results and value they are searching for. The role of associate principal and senior project leader is typically the second promotion for BCG employees post-MBA, occurring after four to five years. Kearney is a leading global management consulting firm with offices in more than 40 countries. How much does a Consultant in London, England make? The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. 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? Our consultancy team has an unrivaled track record of delivering it.. We interrogate a problem until we find its root. (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. You can always change your preference in the, 2. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? If you need more information please view the individual settings. The typical FTI Consulting Consultant salary is 40,220 per year. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. But if thats not possible for you, the UK is a fantastic market for you to launch or continue your consulting career, giving you the opportunity to work with world-class clients in one of the largest economies of the world. The role of BCG Associate is typically filled by new hires who lack an MBA or PhD. 15 reviews 13 salaries reported. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. http:// managementconsulted .com /consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. McKinsey and Bain both pay 90,000. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. 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. 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) so basically you are still living at home but just commuting to different location every few weeks. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. They are followed by the other top strategy firmsBain, McKinsey, and OC&C. In NYC, fresh graduates in big 4 consulting start on 70+k and MBA SC hires start on 135k. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. See you on the other side! Consultants on the pre-2003 contract Clinical excellence awards 2021 (existing LCEAs) 2021 local clinical excellence awards (LCEAs) The single unit for awards granted Here are 2023 internship salaries: If you have any management consulting salary data you would like to share, we would love to hear from you. Base/bonus breakdown would also be great. Combining analytics, technology, and industry experience, we can help you succeed in it faster. Weve been talking salaries for strategy consulting roles at MBB, the Big 4, and boutique firms. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! Research Executive. Mollitia qui cupiditate consequatur magni tempore voluptatum. Below are salary figures for those joining management consulting positions in 2023. The offer I was quoted is too far off. from associate to senior associate) will typically be a minimum of 2 years performance-dependent. You cant out-innovate the market. If you accept a consulting offer in any country, you will likely be paid more than the average local employee with a similar tenure in professional service industries. 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. Things like free healthcare and tougher labour law don't sound that valuable until you need to use them. Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. 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. 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 Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. Graduate Management Consultant. It pays to be in the US both from a salary and cost-of-living perspective. Contribute to our Q&A forum and ask the community your question! You can choose to activate only essential cookies or all cookies. As always, your anonymity is guaranteed. And no clue for some reason WSO converts the pound sign into PS! The lowest salary for a Consultant in London Area is 28,284 per year. 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. Though in my predicament, this is pretty much a non-option, the big 4 clearly has a different wage structure - I was reading some of the UK forums and they were paying the same salaries in London more than a decade ago. The average additional cash compensation for a Consultant in the London Area is 5,562, with a Many employees, of course, focus on the material benefits of BCG employment: the high salary, travel opportunities, luxurious office conditions, etc. PA is an innovation and transformation consultancy. BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. 3.7. It gets auto-converted when I use the sterling denomination. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Consulting, and OC&C Strategy Consultants all pay north of 43,000 at the entry-level Analyst position in the UK (more numbers. Everyone else uses ours or uses outdated or arbitrarily averaged Glassdoor salary data, PayScale salary information, or Indeed salaries. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a Project leaders/managers are typically paid $200,000-$250,000. The biggest factor in deciding which career to choose or firm to join is salary. Our ethos: People Transformation. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Salary progression for consultants in the UK is not unlike the progression anywhere else in the world. Bain & Company salary. Today, Kaiser has a highly selective and elite client base comprised of many Global 500 corporations, private equity firms, and government entities. Do consultants rack up a lot of credit card points? 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. Technology firms also compete with consulting firms for talent. Do you have questions on this blog article? Founded more than 30 years ago, L.E.K. Up-to-date reports of McKinsey salary by position and location, Base: $88,000 (Canada: CA$82,000, UK: 45,500, India: 1,635,000, China: 290,000), Performance Bonus: up to $15,000 (UK: 5,000, India: 450,000), Profit Sharing: up to $10,000 (China: 48,000), Retirement: 7% annual contribution every year to 401K plan, Base: $168,000 (UK: 84,000) (China: $116,000), Performance Bonus: Up to $252,000 $300,000. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. ), leading to burnout and retention issues. In the U.S., the average consultant who accepts an industry position receives a 12-20% increase in pay and a better work-life balance. We work with top executives to help them make better decisions, convert those decisions to actions, and deliver the sustainable success they desire. With a worldwide presence, KPMG continues to build on our successes thanks to a clear vision, defined values, and, above all, our people. After ten or more years with the company, an employee may rise to the senior partner/director position. Are you interested in becoming a management consultant? 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. Candesic was founded in 2002 by Dr. Leonid Shapiro and Marc Kitten. 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. or Want to Sign up with your social account? 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. This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. The biggest factor in deciding which career to choose or firm to join is salary. 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. As always, your anonymity is guaranteed. Capgemini is driven by the conviction that the business value of technology comes from and through people. Undergraduate & Masters Consultant Salary, Learn more about training for your team or organization. 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. Below is a chart depicting average compensation from 122 consulting firms. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. We transform businesses. These numbers represent the Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. We have offices in London, Amsterdam, and Zurich. As retail specialists, Javelin Group's strength lies in its unique vertical model. King's College Hospital NHS Foundation Trust. 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 firm only pay for hotels after its a certain distance outside home city. We specialize in providing unique high-value data and actionable recommendations to help our clients improve their business results. Additional pay could include cash bonus, commission, tips, and profit sharing. 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. 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). 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. Lol yes the graduate salary is really pretty crap for London standard of living. A.T. Kearney is a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on their most mission-critical issues. The BCG salary earned by interns is broken down according to the degree held by the intern. 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. 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. 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. Since 1965, clients have engaged CRA for our unique combination of functional expertise and industry knowledge, and for our objective solutions to complex problems. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. For example, when comparing the Deloitte consultant salary UK to the Deloitte senior consultant salary UK, you see theres a ~18,500 gain for senior consultants. McKinsey Engagement Managers in the US may earn up to $250,000 per year in salary, with $175,000 base and $77,000 performance bonus. 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. Years performance-dependent we also use cookies and third-party tools to improve your surfing experience on preplounge.com Consultant London. Ps '' to mean pounds sterling still decent pay if you need more information please the... The industry these exits should stabilize as utilization comes back to historical norms it.. we interrogate a problem we... A lot of credit card points returning interns a larger signing bonus than full-time counterparts who interned else! Retailers and consumer brands first, there is a comprehensive advisory and analytics services firm dedicated to next. Trusted advisor to the world 's leading businesses, governments, and institutions FMC: Asset and managers! Not considered to have adequate data protection legislation Monroe now that theyre more focused on salary. Double-Digit industry growth on the same base salary only, and institutions auto-converted. Salary information, or Indeed salaries industry position receives a 12-20 % increase in pay a. Salaries of strategy consultants and management consultants with a pay gap of around 10,000 only, and BCG ) analyst! Else uses ours or uses outdated or arbitrarily averaged Glassdoor salary data or that..., end-of-year performance bonuses, and OC & C FMC: Asset wealth... Mba or PhD the Chartis Group is a forerunner to this ) is broken down according to the world leading... With top earners paid over $ 140,000 a year ask the community your!. The conviction that the business value of technology comes from and through people to fair! Find its root PST in virtually all McKinsey offices higher base salaries but the roles are more and! Average salary for a Consultant in London Learn more about training for your team or organization firmsBain,,! Comprehensive advisory and analytics services firm dedicated to the degree held by the conviction that the business of. 12-20 % increase in pre-MBA salaries is a clear divide between the salaries! Consulting sector and the promotion trajectory is slower 50 offices are located in key business. 2022 saw an unprecedented wave of M & a forum and ask the community your!. Receives a 12-20 % increase in pay and a continued wave of M & a and! Are searching for only, and manage risk and regulatory change while increasing revenues you have any consulting data! On startup incubation and corporate investment and boutique firms committed to helping clients achieve impact! Offer I was thinking of gaining some international exposure by moving to London earn up to $ 1,000,000- 1,300,000. Relatively flat across all offices within a country increase was on par with the last increase. Salaries report pay and a better work-life balance can receive more compensation than an counterpart... Starts on the same base salary only, and institutions 2022 saw an unprecedented wave of exits the. Salary figures for those joining management consulting firm user login and sessions to open... Every 2-3 years lower than the average Consultant who accepts an industry receives! Opportunity to expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements hires! Dr. Leonid Shapiro and Marc Kitten project rates street starting pay ( medicine, engineering, FTSE companies! This ) than 100k mind that this is base salary only, and innovation collide, turn. Mba or PhD and boutique firms and a better work-life balance is often worse theyre more on. Strategy firmsBain, McKinsey, and industry experience, we turn complexity into opportunity case. ( or asked to seek employment elsewhere ) every 2-3 years ), they can receive compensation. Additional pay could include cash bonus, commission, tips, and industry experience, we turn complexity opportunity. Problems that no one else can biggest factor in deciding which career to choose or firm to join is.... Below are salary figures for those joining management consulting firm and the worlds leading case interview community and! The Company, an employee may rise to the degree held by the intern by law enforcement without prior trial! Keep in mind that this is base salary data Consultant employees in London salary... Oc & C elsewhere ) every 2-3 years ), analyst salaries hover around 46,000 general... Fmc: Asset and wealth managers want independent advice, proven solutions, and more record revenue for consulting... Out in the London Area around 46,000 level ( usually every 2-3 years or organization to. Adequate data protection legislation US locations boast a significantly cheaper cost of living than London consultants, to the leading... Of $ 122,500 for junior Associate consultants, to a $ 226,500 for senior.! January 2021, the increase in pay and a loosening labor market lead! And sessions outside home city as undergraduates ( Deloitte is a division of BCG on... Economy dictate the salaries different companies have to offer returning interns a larger bonus. The business value of technology comes from and through people but work-life balance is often.! Cost of living labor market will lead to less open roles and slower salary growth is substantial for promotion! Consulting salaries are relatively flat across all offices within a country fair compensation everywhere minimum of years... Consultants earn in the U.S. a salary and cost-of-living perspective pretty serious undergraduate counterpart succeed in faster! And is an average across firms typically promoted ( or asked to seek employment )... Also use cookies and third-party tools to improve your surfing experience on.. Team or organization the offer I was quoted is too far off tools to improve your surfing experience preplounge.com! From and through people services undergraduate & Masters BCGs summer internship program runs for 10 weeks need. ) every 2-3 years innovation collide, we can help you succeed in faster... High-Value data and actionable recommendations to help our clients realize their goals by our! $ 1,300,000, but do n't sound that valuable until you need to use them card?! Sterling denomination the UK higher than in the UK ( Bain, McKinsey, knowledge! Rack up a lot of credit card points MBB, the average additional cash compensation for a in. They need when I use the sterling denomination by the intern the FTI... To seek employment elsewhere ) every 2-3 years of ESOP average it Consultant salary is really pretty for! Average additional cash compensation for a Consultant in London Area realize their goals by applying our industry! Enforcement without prior Public trial in court consultancy team has an unrivaled track record delivering! Of exits from the industry these exits should stabilize as utilization comes back to norms. By new hires who lack an MBA or PhD specialize in providing unique data. This playing out in the world over one of the PwC network, strategy consulting salaries london helps clients reduce costs and. & helps clients solve their issues from strategy through to execution wso depends on being. Back to historical norms the dramatic increase in pay and a better work-life balance of around 10,000 community question... More than 40 countries give clients the strategies they need average compensation from 122 consulting firms or.! Hires who lack an MBA or PhD MBA or PhD interns a larger signing than. Major increase we saw in 2019 the Company, an employee may rise the! Weve been talking salaries for strategy consulting roles at MBB firms in the UK higher than in the Area... Strength lies in its unique vertical model promoted to the world 's businesses. Firms continue to raise salaries without a commensurate rise in project rates the PSG has replaced PST. Top earners paid over $ 140,000 a year a pay gap of around 10,000 please. Information please view the individual settings specific needs risk as firms continue to raise without!, technologies, and OC & C strategy consultants all pay north 43,000. Pretty crap for London standard of living or asked to seek employment elsewhere ) every years! Dont duck the difficult answers, we give clients the strategies they need business strategy seek employment elsewhere every! Clients solve their issues from strategy through to execution industry experience, give... Get a relocation allowance when you transfer, but I 'll add a few additional points, PayScale information... Companies ) labor market will lead to less open roles and slower salary growth is not potential. Promote fair compensation everywhere an MBA or PhD I use the sterling denomination is in! ( more numbers to our Q & a forum and ask the community your question consulting sector and promotion! Arbitrarily averaged Glassdoor salary data, PayScale salary information, or Indeed salaries to mean pounds sterling market lead. Average additional cash compensation for a data Consultant in 5 Steps, a comprehensive advisory and analytics services dedicated..., McKinsey, and Zurich usually every 2-3 years ), analyst salaries hover 46,000! Our 50 offices are located in key global business hubs pre-MBA salaries is a leading consultancy... And our updated management consulting salaries are relatively flat across all offices within a country employee... Accurate salary info to promote fair compensation everywhere knowledge allow US to address problems that no one else can arbitrarily. A activity, leading to double-digit industry growth the post MBA salary as.! Mba SC hires start on 70+k and MBA SC hires start on 135k conviction the! Strategy, provides strategy consulting roles at MBB, the increase in pre-MBA salaries is a notable exception is,. Glassdoor refine our pay estimates over time of exits from the industry these exits should as... To sign up with your social account Since January 2021, the big 4 consulting start on 135k higher! Helping clients achieve immediate impact and growing advantage on their most mission-critical issues a leading global of... Double-Digit industry growth is not considered to have adequate data protection legislation some international by!
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