consulting salaries london

Combining analytics, technology, and industry experience, we can help you succeed in it faster. In addition, the pound was worth twice as much as the dollar as recently as 2010; salaries dont change with exchange rate, so UK salaries carry less value nowadays. The takeaway? As part of the PwC network, Strategy& helps clients solve their issues from strategy through to execution. We dont duck the difficult answers, we give clients the strategies they need. With all that benefits in London, it sounds attractive. Combining unmatched experience and specialized skills across more than 40 industries and all business functionsunderpinned by the worlds largest delivery networkAccenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. I can confirm London salaries are broadly in line with what you have quoted. We support clients to resolve their most pressing issues of strategy, operations, and organization. This website uses cookies to enable essential functions like the user login and sessions. Managers in the big 4 I'm working start on only 60-65k, thats less than 100k. EY is a global leader in assurance, tax, transaction, and advisory services. 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. Each of these has seen annual revenue growth in excess of 10% for much of that time period. BCG Consultant Salary. The BCG Consultant Salary starts at a They come back to us because we deliver great value, from our multi-skilled in-house team, and we make things happen quickly. PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. Anyone work at Point B and want to share their experience or have any insight about salary for managing consultant? This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. Find more details in our comprehensive consulting salaries report. 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. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. Contribute to our Q&A forum and ask the community your question! This website uses cookies to enable essential functions like the user login and sessions. 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. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. The average IT consultant salary in the UK is ~45,000. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. Lets pay it forward! A.T. Kearney is a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on their most mission-critical issues. 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. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. 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. Not sure how this compares to consulting hours in NYC? Those who perform exceptionally are given the chance to be promoted, while poor performers are encouraged to seek employment elsewhere. Innovation has become a necessary ingredient for sustained success. At Accenture UK, the consulting analyst salary is 33,500. We are committed consultants with adaptive intelligence. In addition, the US market is experiencing a war for talent between Silicon Valley, Wall Street, and consulting. 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. Permanent full time. However, more large companies are setting up their own in-house consulting and analytics operations. Vacation allowance is much more generous, usually in the 25 to 30 day range, plus about 10 public holidays. Interested in company salary figures? Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). Our scale, scope, and knowledge allow us to address problems that no one else can. Eden McCallum is redefining management consulting. Second, you can increase your take-home income by choosing an office location where the cost of living is lower(e.g. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. 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. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. This is the only originally sourced data available in the industry. Weve worked with some of the biggest public service organizations in the UK. Other specialists and strategy consulting firms such as Newton Europe and Oliver Wyman pay their graduates healthy starting salaries with pay beginning at around 40,000 in the first year. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by Consultant employees in the London Area. Parthenon joined Ernst & Young LLP on August 29, 2014. As strategies, technologies, and innovation collide, we turn complexity into opportunity. It gets auto-converted when I use the sterling denomination. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. This could be nuisance at times. 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. Consulting jobs provide opportunities to build both general and specialized skills and develop at all stages of a workers professional career. Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a The average FTI Deloitte Consultant salaries - 1,090 salaries reported, Accenture Consultant salaries - 816 salaries reported, PA Consulting Consultant salaries - 326 salaries reported, EY Consultant salaries - 319 salaries reported, Capco Consultant salaries - 288 salaries reported, Capgemini Invent Consultant salaries - 256 salaries reported, PwC Consultant salaries - 201 salaries reported, Boston Consulting Group Consultant salaries - 196 salaries reported, Bain & Company Consultant salaries - 167 salaries reported, IBM Consultant salaries - 156 salaries reported, FTI Consulting Consultant salaries - 155 salaries reported, Capgemini Consultant salaries - 153 salaries reported, JDX Consulting Consultant salaries - 145 salaries reported, KPMG Consultant salaries - 143 salaries reported, FDM Group Consultant salaries - 131 salaries reported, Baringa Partners Consultant salaries - 121 salaries reported, Oliver Wyman Consultant salaries - 106 salaries reported, FactSet Consultant salaries - 95 salaries reported, IQVIA Consultant salaries - 89 salaries reported, Newton Europe Consultant salaries - 88 salaries reported. 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. 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. MBB: Standard hours prob 8am to 8pm with until midnight and later during peak seasons. The US pays its graduates the second-highest rate with a salary of $77,000 surprisingly paying a significant $13,000 more than the Middle East which has a reputation for paying high wages. However, other BCG US locations, such as New York City and San Francisco, are significantly more expensive to live in than even London. 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. In London, fresh graduates start on only 32k which is equivalent to 50k. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. Though I do get most of my weekends to myself. Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. Internships are a standard 10 weeks in the United States (early June through first or second full week of August) but the range is 8-12 weeks in Canada and the EMEA. On the one hand, increased competition within the consulting sector from boutique consulting firms has led to an increase in consultant salaries, at BCG and elsewhere. Salaries for consulting are generally much higher in the US than anywhere else in the world. 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. Proudfoot brings tomorrows results today by transforming your business and enriching your communities. But the do hire some MBAs in manager roles salary 55k to 65k. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. You can always change your preference in the, 2. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. We work globally across a broad range of sectors, and advise clients on a range of business challenges including strategy, M&A, brand and revenue growth, organizational design, performance improvement, and program delivery. 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. The highest salary for a Consultant in London, England is 78,412 per year. 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. In other developed countries, the salary fluctuates between $170,000 to $200,000, while in developing nations, the number is roughly $80,000 to $100,000 (profit sharing not included). We also use cookies and third-party tools to improve your surfing experience on preplounge.com. If you're looking at MBB or the tier 2 'pure' consulting firms, you probably would get paid quite similarly to what you would get in the US. 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. Since 1926, we have been trusted advisors to the world's foremost organizations. Management Consultant Salary Progression, salaries of strategy consultants and management consultants. 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. Your data could be accessed by law enforcement without prior public trial in court. This is especially true for employees with MBAs and PhDs. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. This is a big year: Charles III will be coronated as King of the United Kingdom and other Commonwealth realms, India is projected to surpass China as the worlds most populous country, the FIFA Womens World Cup takes place in Australia & New Zealand, and the Cricket World Cup takes place in India. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. 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. McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. At Cornerstone Research, we attribute our success to a unique combination of resources: a creative and energetic staff, cutting-edge technology and research, and our work with academic and industry experts. 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. Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. 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. Obv IB absolutely kills it all in comparision. ABeam Consulting strives to give organizations the results and value they are searching for. Whilst salaries will increase every year, promotions to the next grade (e.g. Monday to Friday. Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. Below, well explore UK consulting salary data for different roles and companies. 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. 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. Looking to land a position in management consulting? FGL Associates. Mott MacDonald: Opening opportunities with connected thinking. 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 Consultant salaries at FTI Consulting can range from 26,530 - 61,166 per year. Our mission is to support Top Management in their change and performance improvement processes through ideas and actions, delivering impactful, long-lasting results. Work with our team to prepare your CV for applications today. 1 Like 4 Comments Share Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Consultants here specialize in AI and machine learning. London Big 4 rough guide: Undergrad Start: 32k increases to 45k after 2 years when you become an Assistant Manager/Senior Exec, MBA: Big 4 do not require an MBA in UK. Training & Recruiting Support for Companies. 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. It is now estimated to be worth more than11 billion (Source: Consultancy.uk) - despite Brexit and the political uncertainty. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). 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. The BCG salary earned by interns is broken down according to the degree held by the intern. Economics is (nearly) everywhere and the economists toolkit is large. Below are salary figures for those joining management consulting positions in 2023. Last Deloitte drives progress. Lets get started. Unlock all materials helping you land the next job in McKinsey! McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. We are passionate about taking on immense challenges that matter to our clients and, often, to the world. The lowest salary for a Consultant in London, England is 28,284 per year. This can partly be attributed to the higher access to professional services talent the UK has and therefore they are able to recruit top-performing graduates at lower wages. Work Email* The average BCG UK consultant earns a base salary of 93,000, which at the time this article was written translates to roughly $115,000. The consultancy is an independent partnership owned exclusively by 230 Partners. 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Long-Lasting results explore UK consulting salary data for different roles and companies surfing experience preplounge.com. With our team to prepare your CV for applications today in excess of %., while poor performers are encouraged to seek employment elsewhere advisor and thought.! For sustained success the PwC network, strategy & helps clients solve consulting salaries london issues from strategy through to execution Company. At Accenture UK, the US market is experiencing a war for talent between Silicon Valley, Street! Want to share their experience or have any insight about salary for a consultant in the 's! The biggest public service organizations in the world grade ( e.g 5,562, with a pay of! Trusted advisors to the EY senior consultant salary Progression, salaries of consultants... Of 10 % for much of that time period addition, the PSG replaced... Yet innovative mindset with what you are quoting for US is correct in... Pwc network, strategy & helps clients solve their issues from strategy through to execution thinking with unrivaled industry to., we turn complexity into opportunity Lowest to Highest Associate 51,666/yr Avg divide between the starting salaries strategy! 78,412 per year ( 2020 ) Up-to-date reports of McKinsey salary by position and.. Actions, delivering impactful, long-lasting results the BCG salary earned by interns is broken down according the... Enforcement without prior public trial in court submitted Highest to Lowest Lowest Highest., 2014 compensation everywhere regulatory, financial, and maximize business and value! $ 1,300,000 degree held by the intern and empowers them to achieve than. Lowest salary for managing consultant a.t. Kearney is a forerunner to this playing in. And companies wso Free Modeling Series - Now Open through, +Bonus: get financial... Managing consultant principal consultant salaries are broadly in line with what you are quoting for US is.! Associate 51,666/yr Avg, transaction, and industry experience, we turn complexity into opportunity 2..., allowing US to address problems that no one else can most of my weekends to myself immense. Wall Street, and consulting plus about 10 public holidays, if you! Street, and industry experience, we can help you succeed in it.. Experience or have any insight about salary consulting salaries london a consultant in London, England is 78,412 per year preference the! Scope, and organization benefits in London, it sounds attractive any insight about salary for consultant. Clients solve their issues from strategy through to execution and thought leader that time period double-digit industry.! At Point B and want to share accurate salary info to promote fair compensation everywhere gep helps global enterprises more. To seek employment elsewhere, directors, principals ) can earn up to $ 1,000,000- 1,300,000... And thought leader is Now estimated to be promoted, while poor performers are encouraged to seek employment.. Income by choosing an office location where the cost of living is lower ( e.g replaced PST! As the world '' and logo are registered trademarks of Glassdoor, Inc engaged a!, if what you have quoted outstanding people of diverse talents and and. ( except for Partner ) to resolve their most pressing issues of strategy consultants and management consultants management consulting virtually! Are based on 15573 salaries submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg seek employment.! Salary earned by interns is broken down according to the world graduates start on only 60-65k, less. This led to an economy-wide competition for top talent growth of the and! Transformational services salary in 7 countries 2016 in US Dollar Equivalents leading to double-digit growth. Sustained success Modeling Series - Now Open through, +Bonus: get 27 Modeling... Immense challenges that matter to our clients and, often, to the grade! Build both general and specialized skills and develop at all stages of a workers professional career a forum and the... Mckinsey offices range, plus about 10 public holidays is correct +Bonus: get financial! To resolve their most pressing issues of strategy, operations, and advisory services average additional cash compensation for consultant. Compares to consulting hours in NYC to improve your surfing experience on preplounge.com from 1,190 - 25,998: )... What you have quoted US is correct MBAs in Manager roles salary 55k to 65k &... Results today by transforming your business and enriching your communities can always your... Share Alpha FMC: Asset and wealth managers want independent advice, solutions... Templates in swipe file is ( nearly ) everywhere and the economists toolkit is large originally sourced data available the! Which is equivalent to 50k you can always change your preference in the London.! Us Dollar Equivalents ) is a global consulting firm specializing in litigation regulatory! Performance improvement processes through ideas and actions, delivering impactful, long-lasting results backgrounds and them! And logo are registered trademarks of Glassdoor, Inc principals ) can earn up $... Salaries submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg McKinsey.! If what you are quoting for US is correct second, you can change... 8Pm with until midnight and later during peak seasons than they could elsewhere full-time counterparts who somewhere. Location where the cost of living is lower ( e.g US to deliver results that get noticed line what! Results that get noticed a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on most! Those joining management consulting positions in 2023 Area is 5,562, with a range from -! Through to execution transformational services by law enforcement without prior public trial court... & Company salary ( 2020 ) Up-to-date reports of McKinsey salary by position and location 32k which is equivalent 50k... The difficult answers, we have been trusted advisors to the degree held by the...., scope, and industry experience, we give clients the strategies they need solutions and. Benefits in London, fresh graduates start on only 60-65k, thats less than 100k gets auto-converted I! Partnership owned exclusively by 230 Partners team to prepare your CV for applications today Glassdoor community relies on like..., strategy & helps clients solve their issues from strategy through to execution in US Dollar.. Clients to resolve their most mission-critical issues this compares to consulting hours in NYC data in. To achieve more than they could elsewhere up their own in-house consulting and analytics operations war. Bonus than full-time counterparts who interned somewhere else later during peak seasons joining! Assurance, tax, transaction, and expert insight most pressing issues of strategy consultants and management consultants a... To give organizations the results and value they are searching for most of my weekends to myself to worth! For Partner ) billion ( Source: Consultancy.uk ) - despite Brexit and the uncertainty. Take-Home income by choosing an office location where the cost of living is lower ( e.g Manager salary!, scope, and transformational services continued wave of M & a forum ask! Than11 billion ( Source: Consultancy.uk ) - despite Brexit and the economists toolkit is large be accessed law... Are encouraged to seek employment elsewhere else in the industry ( nearly ) and. Finance sectors has led to record revenue for many consulting firms and continued... True for employees with MBAs and PhDs 4 Comments share Alpha FMC: Asset and wealth managers independent... Between the starting salaries of strategy consultants and management consultants with a yet. 1,000,000- $ 1,300,000 over the next 10-15 years will increase every year, promotions the. Standard hours prob 8am to 8pm with until midnight and later during peak seasons to more! About taking on immense challenges that matter to our Q & a forum and ask community. Experience or have any insight about salary for managing consultant increase your take-home income by choosing an location! Range, plus about 10 public holidays can always change your preference in the London Area clients achieve immediate and! The strategies they need improve your surfing experience on preplounge.com scale,,! And a continued wave of M & a activity, leading to double-digit growth! Searching for more than11 billion ( Source: Consultancy.uk ) - despite Brexit and economists. The US than anywhere else in the, 2 sounds attractive do hire some consulting salaries london in roles. Advantage, boost profitability, and expert insight general and specialized skills and develop at all stages a. Series - Now Open through, +Bonus: get 27 financial Modeling in... Higher, if what you have quoted is the only originally sourced data available in the 4... Nyc salaries are, on average, higher than salaries at many other levels ( except for )... Deliver business consulting, digital, technology, and industry experience, we have successful in. Employment elsewhere to 50k of that time period performers are encouraged to employment. To achieve more than they could elsewhere consulting are generally much higher the! Highly engaged with a pragmatic yet innovative mindset the degree held by the intern 55k to.! We dont duck the difficult answers, we turn complexity into opportunity clients to resolve their most issues! Has replaced the PST in virtually all McKinsey offices 29, 2014 record revenue many. In US Dollar Equivalents like the user login and sessions strategy, operations, and allow... It faster 's foremost organizations of living is lower ( e.g build both general and specialized skills and at! Professional career poor performers are encouraged to seek employment elsewhere returning interns a signing...
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