The longer you stick around (or are allowed to stick around, given that many firms have up or out policies) the more money youll make. 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. Founded in 1978, the firm is widely regarded as a trusted advisor to its clients, providing a full range of strategy consulting services, expertise, and market insight. The highest salary for a Consultant in London, England is 78,412 per year. Its clear that if youre in it for the money, working in the U.S. is the place to be for consultant salaries. Current comp is 32800. The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. Whats the Difference Between Strategy and Management Consulting? I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. Name* The average FTI 1 Like 4 Comments Share Lets pay it forward! Bain Consultant Salary & Bonuses Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $175,000. We bring the big ideas, then we make them real. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. 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. 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. But still decent pay if you compare against the general street starting pay (medicine, engineering, FTSE 100 companies). Combining analytics, technology, and industry experience, we can help you succeed in it faster. We transform businesses. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. We have supported over 300 clients across 5 continents, including a third of the FTSE 100, 40% of the AEX, a third of the world's largest private equity firms, and 50 of the global Fortune 500. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. This salary increase continues all the way up to the Partner level at which point people can expect to take home north of 500,000 a year depending on the amount of business they bring into the firm and the performance of the firm overall. employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. At the same time, while the rate of growth for boutique firms increased YoY, the proliferation of in-house strategy groups at large corporations continues to limit the growth of a fragmented market of boutique players. Before deciding on a final offer, consider how your salary will grow across time. Management consulting salaries are highest in the U.S. due to the aforementioned war for talent with Silicon Valley and Wall Street, heightened U.S. demand for consulting services, and a generally tighter domestic labor market. Get into McKinsey. Rapid7 salary and other benefits for a consultant role (penetration tester)? 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? Welcome to 2023, and our updated management consulting salaries report! The average salary for Consultant is 47,093 per year in the London Area. King's College Hospital NHS Foundation Trust. Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. Determining the management consultant salary you can expect to receive, or more narrowly, a strategy consultant salary, is probably one of the defining factors in deciding which firms you will apply to. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). Click here to see the total pay, recent salaries shared and more! The data comes from our interview prep clients who received written job offers and firm representatives. Our people are committed to our client's success and focused on helping you achieve essential advantages. Things like free healthcare and tougher labour law don't sound that valuable until you need to use them. Don't forget tax rates are higher in the UK too. Next, lets take a look at a breakdown of BCG salaries by role. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. Contribute to our Q&A forum and ask the community your question! Weve been talking salaries for strategy consulting roles at MBB, the Big 4, and boutique firms. The M&A activity revealed two basic patterns. EDGAR, DUNN & COMPANY (EDC) is an independent global financial services and payments consultancy. The most frequently cited con to BCG employment is the difficulty of work-life balance, with especially long hours and extreme demands on employee energy. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Where the UK differentiates itself in part is in benefits and culture. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. 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. 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. Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. Take me straight to the first consultancy. Those entering the financial services industry receive a 30%+ increase in compensationbut work/life balance often takes a hit. Your input helps Glassdoor refine our pay estimates over time. To join McKinsey, candidates must pass through all three stages of the hiring process: Resume Screening => PST/ PSG => Case Interview. 178,883per year. So far, margins have been protected by a decrease in operational costs (i.e., smaller office space, less travel). However, other BCG US locations, such as New York City and San Francisco, are significantly more expensive to live in than even London. Germany leads the way paying salaries 23% higher than anywhere else and almost double the lowest paying country, the UK. I have a few friends working at Big4 and MBB consulting, and the hours are better than banking but still pretty serious. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. 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. 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. As always, your anonymity is guaranteed. The salaries above are for full-time hires and interns coming straight from an educational program. In fact, less than 20% of McKinseys most recent intake was made up of direct MBA hires, and the firm hired analysts from over 370 universities. 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. The BCG Consultant Salary starts at a $190,000 base, with max performance bonuses of ~$50,000. The salary data is for those recruited straight from an undergraduate, masters, MBA, or PhD program or those that were hired at the same level. 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) Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. Our engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. Strategy&'s professionals around the globe have helped many of the worlds leading institutions solve some of their toughest problems, and capture their greatest opportunities. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. Consulting interns are less likely to receive bonuses, although some firms do offer relocation or signing bonuses. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. 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. a GDPR, to your data being processed in the USA. Compensation for a similar position in Deloitte comes close to 90k. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. We dont duck the difficult answers, we give clients the strategies they need. There is no noticeable difference for IB and Biglaw. This is especially true for employees with MBAs and PhDs. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 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. Then we develop a powerful way to solve it. But the salary differential is really too large for it to be a consideration considering London is as expensive as where I'm based out now. This has had the occasional effect of forcing layoffs. 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. They are followed by the other top strategy firmsBain, McKinsey, and OC&C. 85% of our work is for clients choosing to work with us again. The Chartis Group is a comprehensive advisory and analytics services firm dedicated to the healthcare industry. Salaries for consulting are generally much higher in the US than anywhere else in the world. 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. Our clients adapt and transform, and together we achieve enduring results. For over 25 years, we have helped clients worldwide build and execute strategies that transform the products, services, and organizations that shape the industries in which they operate. 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 As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. But the salary differential is really too large for it to be a consideration considering London is as expensive as where I'm based out now. What is the average consultant salary in the UK? The average UK consultant salary is ~85,000. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. There are two levels of partner at BCG. As always, your anonymity is guaranteed. 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. 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