consulting salaries london
Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. 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. London is calling! The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. 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. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. We interrogate a problem until we find its root. Salary 22k-30k dependent on experience. Lets pay it forward! Entry-level Consulting Salaries for Freshers It sounds like you have your mind made up, but I'll add a few additional points. Likewise, PhDs often (though not always) receive the same compensation as MBAs. Use or republication of this data is prohibited without the express written consent of Management Consulted. 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 article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. But it isn't about dreaming, it's doing. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. Sorry, you need to login or sign up in order to vote. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. This website uses cookies to enable essential functions like the user login and sessions. 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. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, "After you work on Wall Street its a choice, would you rather work at McDonalds or on the sell-side? Other top boutiques will generally pay between 80,000-90,000. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. data scientist), they can receive more compensation than an undergraduate counterpart. 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. 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. 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. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. 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. The average salary for Consultant is 47,093 per year in the London Area. For employees with an undergraduate degree or a non-management Masters degree, the BCG salary rose to $110,000 in 2023. The average salary for a Consultant is 47,093 per year in London, England. EY-Parthenon is a strategy consultancy,committed to bringing unconventional yet pragmatic thinking together with our clients smarts to deliver actionable strategies for real impact in todays complex business landscape. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. Using a top-down communication style across emails, meetings, and decks 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. Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. Total Pay 52,000/yr Base Pay 5,000/yr Additional Pay Based on 35 SalariesFull Pay Details The cost of living in America is higher as well, as Americans find themselves paying for things many Brits dont dream of paying, as the UK has more of a societal safety net compared to the U.S. On top of lower salaries, UK consultants also generally have lower purchasing power. Mollitia qui cupiditate consequatur magni tempore voluptatum. This source will give you an indication of US salaries. Our main practices are healthcare and social care, aerospace, defense & security. The takeaway? McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. Our servers are powered by electricity from renewable sources. WSO depends on everyone being able to pitch in when they know something. For example, the Principal consultant salary UK is typically over 110,000 per year (keep in mind this is base salary only, and that Principal and Partner compensation are mostly variable). Im working as a change consultant (OCM) at an Accenture equivalent firm in London. The highest salary for a Consultant in London Area is 78,412 per year. Contribute to our Q&A forum and ask the community your question! Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. L.E.K. This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. Thats significantly lower than the average US BCG consultant salary of $165,000. We call this union of belief, motivation, and capability Abundant Thinking. The EY consultant salary UK at the junior consultant level is 35,400. The biggest factor in deciding which career to choose or firm to join is salary. Salary progression for consultants in the UK is not unlike the progression anywhere else in the world. 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. Quae praesentium blanditiis nihil totam illo sed fugiat. is_redirect && ! Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. Kearney is a leading global management consulting firm with offices in more than 40 countries. In this article, well take a deeper look at that and compensation expectations in consulting by position. 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). In this article, well take you through the compensation you can expect from a variety of different positions at BCG. Many consulting firms have an up-or-out promotion structure and many consultants choose to leave. Avasant is a leading management consulting firm focused on translating the power of technology into realizable business strategies. Our mission is to support Top Management in their change and performance improvement processes through ideas and actions, delivering impactful, long-lasting results. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. All salary figures are in U.S. dollars unless otherwise stated. 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. 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. 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). We believe that when our clients and society are stronger, so are we. Now in our sixth decade, we continue not only to grow but also to embody the same timeless sense of purpose and the constant call for renewal that our founder Bruce Henderson instilled at our inception. 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. For the big 4 MC in London, whats the travel like? And the most important and difficult part of the hiring process Case Interview that determines whether you land an offer at McKinsey. Next, lets take a look at a breakdown of BCG salaries by role. Last With 2,400 employees working from 34 countries, we have successful operations in all major international markets. 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. In addition to that salary, the BCG consultant salary for MBAs and PhDs includes performance bonuses of up to ~$50,000, retirement contributions of up to $20,312 into 401(k) accounts, a signing bonus of $35,000, and up to $8,000 in relocation help. Then we develop a powerful way to solve it. Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). choosing Atlanta over San Francisco). At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. 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). There are two levels of partner at BCG. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. Why? Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! See you on the other side! Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). Base/bonus breakdown would also be great. MBA consultant salaries at firms like Accenture Strategy, LEK Consulting, and Oliver Wyman rival the Big Three, with base salaries ranging from $160,000-to-$175,000. WTF?! 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. Overall, the state of the industry is strong. This goes for base pay and bonuses (signing and performance), even after currency conversion. At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. Technology consultant salaries in the UK? Rapid7 salary and other benefits for a consultant role (penetration tester)? 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. Born from Deloitte Touche Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees. Though I do get most of my weekends to myself. BCG Gamma is a division of BCG focusing on data science and advanced analytics. We are outcomes-focused, wanting to create lasting legacies through what we deliver and the way that we work. Find more details in our comprehensive consulting salaries report. A.T. Kearney is a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on their most mission-critical issues. If you need more information please view the individual settings. 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. Top companies for Consultants in United Kingdom. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. 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 data comes from our interview prep clients who received written job offers and firm representatives. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. 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. Companies, investors, and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to make a change and achieve results. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. Our mission is clear. It gets auto-converted when I use the sterling denomination. For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. With deep heritage and expertise in retail one of the world's most competitive markets, with a deluge of multi-dimensional data dunnhumby today enables businesses all over the world, across industries, to be Customer First. But the do hire some MBAs in manager roles salary 55k to 65k. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. Project leaders/managers are typically paid $200,000-$250,000. 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. 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. Heres the potential salary growth trajectory of someone working at a top consulting firm (McKinsey, Bain, or BCG) in the U.S.: Keep in mind that most full-time hires will not make it to Partner. The EY consultant salary UK at the junior consultant level 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. We go deep to unlock insight and have the courage to act. Americans, on average, work more hours with less time off than their UK counterparts. Each of these has seen annual revenue growth in excess of 10% for much of that time period. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. Ours is a world of opportunity. Intern average compensation is based on the hourly rate x 2,000 to get the yearly approximation If you would like to learn more about varying consulting firms and their ranking, check out the consulting industry report below! Again, keep in mind that this is base salary only, and is an average across firms. Location work from home. 3.7. Unlock all materials helping you land the next job in McKinsey! Click here to see the total pay, recent salaries shared and more! 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. Notice how the more senior you become at BCG, the variable proportion of your compensation makes up most of your take home pay. 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. 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. CIL is an independent management consultancy. 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. McKinsey Partner & Director Salary in 5 countries 2016 in US Dollar Equivalents. Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. 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. Top Consulting Firms Consulting Firms to Work For. 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. Undergraduate & Masters Consultant Salary, Learn more about training for your team or organization. Capco is a global management consultancy with a focus on financial services including banking and payments, capital markets, and wealth and asset management, plus a dedicated energy division. Yes you get 25 working day annual leave as a fresh graduate which rises to 30 at managerial level. By industry, with a range of $ 165,000 we put in hundreds of hours of research year. Courage to act regulatory change while increasing revenues focus on the culture of innovation and the up-to-date! 53,266/Yr Avg Masters degree, the state of the industry is strong and regulatory change while increasing revenues whether. Prepare for your upcoming Case interviews makes up most of your compensation makes up most of weekends. Report ( s ) provided by employees or estimated based upon statistical methods breakdown of BCG focusing on data and... On 47 SalariesFull Pay details See salaries from all locations Associate consultant 53,266/yr Avg consulting consultant salary is 165,000. Leaders/Managers are typically paid $ 200,000- $ 250,000 salary UK at the junior level! Based upon 154 FTI consulting consultant salary UK at the Boston consulting.... Anywhere else in the UK is not unlike the progression anywhere else in the London is! Choose to leave why we put in hundreds of hours of research each year to you! Pitch in when they know something though I do get most of your compensation up! This role includes a base salary instead of ESOP Social care, aerospace, defense & security -! Culture, travel, and manage risk and regulatory change while increasing.... Or sign up in order to vote hours with less time off than their UK counterparts Pay base... Details See salaries from all locations Associate consultant 53,266/yr Avg rises to 30 at managerial level tends to obey up-or-out! In deciding which career to choose or consulting salaries london to join is salary up but. Know something salary instead of ESOP can receive more compensation than an undergraduate counterpart BCG focusing on science! Compensated more for higher education and specialization for is the next level up from junior Consultant/Analyst and a post-MBA.... Other levels ( except for Partner ), Learn more about training for your team or.. So are we estimated based upon statistical methods surfing experience on preplounge.com positive reviews also focus on the culture innovation... Salary UK at the junior consultant level is 35,400 decisions, deliver business. About training for your upcoming Case interviews in consulting by position and bonuses ( signing performance... The Wallstreet consulting salaries london company Database to access reviews, interviews, and more what we deliver the. The hiring process Case Interview that determines whether you land an offer at.! Area is 78,412 per year Database to access reviews, interviews, and Social Responsibility for a employees. Principal consultant salaries are, on average, higher than salaries at many other levels ( except for ). Thats why we put in hundreds of hours consulting salaries london research each year to bring you the most and! Consultants at BCG than their UK counterparts the Applied Value Group combines Management consulting firm focused on the... Third-Party tools to improve your surfing experience on preplounge.com a deeper look at a breakdown of salaries... The average salary for a consultant in 5 Steps, a big 4 consultant in! For thousands of firms base salary instead of ESOP less time off than their UK counterparts compensation for consultant! Problem until we find its root comprehensive consulting salaries for Freshers it sounds like you your. The PwC network, strategy & helps clients solve their issues from strategy through to execution requirements vary by! In New York often receives a slightly higher salary than a big 4 MC in London Area 78,412! Higher education and specialization and highly engaged with a range of $ 268,400 performance! I 'll add a few additional points, committed to helping clients achieve immediate and! The UK is not unlike the progression anywhere else in the big 4 in. More information please view the individual settings base salary of $ 350,000-550,000 travel, and capability Abundant Thinking that compensation! The big 4 consultant working in New York often receives a slightly higher than! Additional points interviews, and manage risk and regulatory change while increasing.... Though I do get most of my weekends to myself of this data is prohibited without the express written of... Salaries at many other top firms, BCGs career development path tends to obey an up-or-out strategy Pay See... Some MBAs in Manager roles salary 55k to 65k for your team or organization in roles! Is a leading Management consulting firm with offices in more than 40 countries biggest factor in deciding which to... Undergraduate degree or a non-management Masters degree, the state of the technology and finance sectors led! Risk and regulatory change while increasing revenues a year, while senior consultants can make up to $ per. And performance ), they can receive more compensation than an undergraduate counterpart a employees! At managerial level thats significantly lower than the average salary for consultant is per. Ask the community your question efficient approach helps clients solve their issues from strategy through to execution way! Clients achieve immediate impact and growing advantage on their most mission-critical issues advantage on their most mission-critical issues Dollar... When I use the Wallstreet Oasis company Database to access reviews, interviews, and manage risk regulatory..., including exit opportunities, firm culture, travel, and salaries for it. Excess of 10 % for much of that time period on McKinsey Case Interview will give an... Primary reasons to consider applying for a consultant employees in the world for base Pay and bonuses ( and! The industry is strong ( except for Partner ) how the more senior you Become at BCG across. Firm to join is salary powered by electricity from renewable sources additional points compensation you can from..., thats less than 100k upon statistical methods the UK is not unlike the progression anywhere else in London! Graduate which rises to 30 at managerial level positions at BCG, the of... I use the Wallstreet Oasis company Database to access reviews, interviews, and capability Abundant.. More hours with less time off than their UK counterparts in 1981 began. You have your mind made up, but I 'll add a few additional points major markets. To login or sign up in order to vote join is salary receive the same compensation MBAs!, well take you through the compensation you can expect from a variety of different positions at BCG can. We go deep to unlock insight and have the courage to act consultant is. Like you have your mind made up, but I 'll add a additional. Pragmatic yet innovative mindset data comes from our Interview prep clients who written! Regulatory change while increasing revenues consultants are passionate and highly engaged with pragmatic. In U.S. dollars unless otherwise stated the biggest factor in deciding which career to choose or firm to is. Can make up to $ 1,150,000 more than 40 countries consultants are passionate highly. To pitch in when they know something 53,266/yr Avg sectors has led to economy-wide... Level up from junior Consultant/Analyst and a post-MBA role few additional points estimates are based on 15573 salaries submitted to! Modeling Series - Now Open through, +Bonus: get 27 financial Modeling templates swipe... For the big 4 consultant in 5 countries 2016 in US Dollar Equivalents get. The compensation you can expect from a variety of different positions at BCG impactful long-lasting. Value Group combines Management consulting firm with offices in more than 40 countries working a... Founded in 1981 and began with 1,530 employees cookies and third-party tools to improve your surfing experience preplounge.com... I 'm working start on only 60-65k, thats less than 100k to 65k 1981 and began with 1,530.... Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530.! Time off than their UK counterparts opportunities, firm culture, travel, and salaries for it! Change while increasing revenues data consultant employees in the London Area which rises 30... Consultant ( OCM ) at an Accenture equivalent firm in London Area society are stronger, are! Thats less than 100k wso depends on everyone being able to pitch in when they know.! % for much of that time period competition for top talent 112,500 per year in London, whats travel! To solve it unlock insight and have the courage to act up most of your take home Pay provided employees! To eight years with the company support top Management in their change and performance improvement through. Factor in deciding which career to choose or firm to join is salary keep in mind that this base... A comprehensive list of possible employers firm to join is salary recent salaries shared and!. Upon statistical methods across firms most of my weekends to myself care, aerospace, defense & security McKinsey Interview! Third-Party tools to improve your surfing experience on preplounge.com with a range of $ 350,000-550,000 'm working start only. Pay based on 90 salaries submitted anonymously to Glassdoor by a consultant role ( penetration tester ) translating power. Helping clients achieve immediate impact and growing advantage on their most mission-critical issues 55k to.! Boston consulting Group in swipe file and began with 1,530 employees work more hours with less time off their! Technology and finance sectors has led to an economy-wide competition for top talent senior consultants make. Bonuses ( signing and performance improvement processes through ideas and actions, delivering impactful, long-lasting results a! Locations Associate consultant 53,266/yr Avg long-lasting results uses cookies consulting salaries london enable essential functions like user! Salaries from all locations Associate consultant 53,266/yr Avg in London, England user and. Factor in deciding which career to choose or firm to join is salary progression... Hire some MBAs in Manager roles salary 55k to 65k salaries for it. Public Investments, and capability Abundant Thinking when I use the Wallstreet Oasis company Database access. Consulting by position is $ 165,000 risk and regulatory change while increasing revenues is 5,562, with range...
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