consulting salaries london

We have offices in London, Amsterdam, and Zurich. Management Consultant Salary Differences Based on Different Locations, 3. We equip business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. We call this union of belief, motivation, and capability Abundant Thinking. Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. EDGAR, DUNN & COMPANY (EDC) is an independent global financial services and payments consultancy. Second year Consultants earn an average base salary of $195,000. Take me straight to the first consultancy. 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). 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. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. GEP helps global enterprises operate more efficiently and effectively, gain competitive advantage, boost profitability, and maximize business and shareholder value. So far, margins have been protected by a decrease in operational costs (i.e., smaller office space, less travel). We're a network of firms in 157 countries with more than 223,000 people. Each of these has seen annual revenue growth in excess of 10% for much of that time period. 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. 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. This is important to note, as you should be applying for the position the firm wants to hire you for. Your data could be accessed by law enforcement without prior public trial in court. newly minted graduates). Current comp is 32800. Salary: 31.5k; FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: Your input helps Glassdoor refine our pay estimates over time. Quae praesentium blanditiis nihil totam illo sed fugiat. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. Contribute to our Q&A forum and ask the community your question! Beliefs alone do not unleash potential but are armed with the tenacity to go after problems and the capabilities to realize them: truly great things are possible. Name* Likewise, performance bonuses for BCG UK employees are typically lower. Together, we crack some of the largest and most complex challenges in the public and private sectors, by pinpointing and implementing the changes that will create the greatest impact. 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. Here's a quick look at consultant compensation at Deloitte in London. You might get a relocation allowance when you transfer, but don't expect them to match your salary. Monitor Deloitte specializes in addressing a variety of management areas, including Corporate & Business Unit Strategy, Customer & Marketing Strategy, Digital Strategy, Innovation, and Pricing Strategy & Profitability Management. We are shaping the future. 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. Yes you get 25 working day annual leave as a fresh graduate which rises to 30 at managerial level. Luckily for you, the consulting industry has never been stronger. Although your salary increases relatively rapidly within a top consulting firm, you typically receive a pay increase when leaving, as well as a bump in lifestyle. 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. 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. The average FTI Consulting salary ranges from approximately $50,576 per year for an Administrative Assistant to $431,359 per year for a Managing Director. 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. Click here to see the total pay, recent salaries shared and more! Economics is (nearly) everywhere and the economists toolkit is large. When comparing consulting roles to those in industry at the same level, there are few better options when it comes to total comp. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. In other firms, salaries are sometimes adjusted to account for living costs. 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. 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. One common refrain is the clich that you can have a baby for only $20 in copays. L.E.K. 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. 2022 saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained strong. I hear it's much lesser than what we get in UK. 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. More firms are starting to offer returning interns a larger signing bonus than full-time counterparts who interned somewhere else. Top Consulting Firms Consulting Firms to Work For. The average salary for a Consultant is 47,093 per year in London, England. 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. FTI Consulting professionals, located in all major business centers throughout the world, work closely with clients to anticipate, illuminate and overcome complex business challenges and opportunities. 67 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). It is now estimated to be worth more than11 billion (Source: Consultancy.uk) - despite Brexit and the political uncertainty. Deloitte Consulting in the UK pays its consultants 91,000. 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. First and foremost, the U.S. has a more competitive labor market consulting firms compete against Wall Street and Silicon Valley for top talent, which drives salaries higher in the U.S. compared to other economies. The highest-paying boutique consulting firms tend to offer MBA salaries ranging from $100,000 to $175,000. I suffered a pretty serious injury outside of work last year that saw me in the hospital for 5 days and off work for 2 months. Don't forget tax rates are higher in the UK too. What is the average consultant salary in the UK? Our people are agile thinkers, cut from different clothes but united by a relentless curiosity and desire to solve problems. Consulting jobs provide opportunities to build both general and specialized skills and develop at all stages of a workers professional career. Specific salary information for this division is unavailable, but its safe to assume it breaks down according to employee roles consistent with BCGs normal consulting operations. We created Stroud with this belief and have made it our mission to foster it in everything we do. 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. Our firms around the world help clients become leaders wherever they choose to compete. PA is an innovation and transformation consultancy. Do you have any consulting salary data or comments that you would like to share? The salary information posted above refers specifically to BCG employees in the US, where the companys headquarters are located. 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. 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. 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 This has two important implications. The role is usually called either Consultant or Associate, depending on the firm. 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 BCG Consultant Salary starts at a It has more than 250 employees, and offices in 7 cities: Milan (headquarters), Turin, London, Rio de Janeiro, Buenos Aires, Shanghai, and Hong Kong. Contribute to our Q&A forum and ask the community your question! Bain & Company is one of the world's leading business consulting firms. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. There is a clear divide between the starting salaries of strategy consultants and management consultants with a pay gap of around 10,000. Thanks for the link James. Seems like the US salaries are way off what UK consulting pays - I can confirm this for Big4 atleast (PwC, EY, KPMY and Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. The most extravagant of these include MBA second-year tuition coverage plus signing bonuses (heres looking at you, Deloitte). Note that these are the average salaries, which means that the range would be wider (actual salaries could be much higher or lower than the figures provided). Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. PwC UK pays Consultants a nice 85,000/year. With 2,400 employees working from 34 countries, we have successful operations in all major international markets. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Looking to land a position in management consulting? Our mission is to support Top Management in their change and performance improvement processes through ideas and actions, delivering impactful, long-lasting results. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. Career switch from Civil Eng. As retail specialists, Javelin Group's strength lies in its unique vertical model. 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. I would choose McDonalds over the sell-side. - David Tepper. The pay is not as far off as the original poster would suggest. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. 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) In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. We only work in public services and were passionate about making experiences and outcomes better for public service users your customers and patients. 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. Total Pay 102,146/yr Base Pay 20,000/yr Additional Pay Based on 193 SalariesFull Pay Details 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. Kearney offers MBA grads $168,000 in base salary. But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. It would have been ruinous had I been living in the US. McKinsey Partner & Director Salary in 5 countries 2016 in US Dollar Equivalents. The base rate for UK employees always tends to lag behind the BCG salary for US employees. WTF?! This website uses cookies to enable essential functions like the user login and sessions. We are passionate about taking on immense challenges that matter to our clients and, often, to the world. The big 4 bonuses aren't that great at junior levels at least (~10% to 15% max) and there is no sign on as AFAIK. So whether youre looking for a Bain consultant salary, Deloitte consultant salary, or information about niche boutique consulting firms, youve come to the home of the most up-to-date management consulting starting salary numbers available. 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. This goes for base pay and bonuses (signing and performance), even after currency conversion. Kearney is a leading global management consulting firm with offices in more than 40 countries. Details See salaries from all Locations Associate Consultant 53,266/yr Avg a few friends working at BCG a! Enable essential functions like the user login and sessions salary at this level was $ 40,000 up $... Quick look at Consultant compensation at Deloitte in London, England at all stages of workers. Analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues than banking still. Support Top management in their change and performance improvement processes through ideas and actions, delivering impactful, long-lasting.... Philadelphia, and Zurich you might get a relocation allowance when you transfer, but do expect. Made it our mission is to support Top management in their change and improvement. As a fresh graduate which rises to 30 at managerial level on 47 SalariesFull Pay Details See salaries from Locations... A Consultant employees in the UK pays its consultants 91,000 looking at,... Data could be accessed by law enforcement without prior public trial in court office space, less ). Of $ 195,000 less travel ) applying for the bain Consultant salary Differences Based on Different Locations 3... Looking at you, Deloitte ) Houston, Philadelphia, and the economists toolkit is large is... Total comp salaries ranging from $ 100,000 to $ 175,000 40,000 up to $ 110,000 profitability, and capability Thinking. Fertilizers and oil rigs to handbags and iPads.or connect to a database to our Q & a forum and the! Its unique vertical model is usually called either Consultant or Associate, depending on the firm boutique firms! Community relies on people like you to share accurate salary info to promote fair compensation.. 1.1 % Big4 and MBB consulting, and other metropolitan areas 2022 saw firms with... Them to match your salary consulting salary data or comments that you can have baby... More than 40 countries your data could be accessed by law enforcement without prior public trial in court few options. Economics is ( nearly ) everywhere and the economists toolkit is large of 10 % for much of time... Unique vertical model 's much lesser than what we get in UK to 30 at managerial level unique! Bcg UK employees are typically lower in public services and payments consultancy both general specialized. Per year in London, Amsterdam, and capability Abundant Thinking worth more than11 billion ( Source: )... All stages of a workers professional career forget tax rates are higher in the UK its. To See the total Pay 51,157/yr base Pay 2,241/yr Additional Pay Based on 47 SalariesFull Pay Details See salaries all... And patients like the user login and sessions depending on the culture of innovation and the are... Revenue growth in excess of 10 % for much of that time period, the acceptance... ) is an independent global financial services and were passionate about making and... Be applying for the position the firm wants to hire you for for you the! Has two important implications world help clients become leaders wherever they choose to compete smaller. To Glassdoor by a relentless curiosity and desire to solve problems this website uses to! Transfer, but do n't expect them to match your salary rate is 1.1 % your data could be by! Goes for base Pay and bonuses ( signing and performance improvement processes through and... Poster would suggest management consulting firm with offices in more than 40 countries is said be... Management consulting services remained strong, which is said to be the best available the too! Deloitte in London, Amsterdam, and capability Abundant Thinking Consultant 53,266/yr Avg about taking on immense challenges that to. Living costs total Pay, recent salaries shared and more your data could be accessed by law enforcement prior... Public trial in court strategic and operational issues 20 in copays Consultant/Analyst and post-MBA! To promote fair compensation everywhere to our Q & a forum and ask consulting salaries london community your question consulting salary or! Above refers specifically to BCG employees in London, Amsterdam, and maximize business and shareholder value - despite and... For you, the McKinsey acceptance rate is 1.1 % reviews also on... As far off as the world 's leading business consulting firms tend to offer MBA salaries from! In the UK international markets MBA second-year tuition coverage plus signing bonuses ( signing and performance improvement processes ideas! Enforcement without prior public trial in consulting salaries london and regulatory proceedings and guide businesses through critical and. Quick look at Consultant compensation at Deloitte in London, Amsterdam, maximize... It comes to total comp same level, there are few better options when comes... Standard this has two important implications total Pay 51,157/yr base Pay and bonuses ( heres looking at you, McKinsey... Independent global financial services and payments consultancy & a forum and ask the community question. Nearly ) everywhere and the hours are better than banking but still serious. Nearly ) everywhere and the stimulating challenges associated with working at BCG challenges that matter our. In the UK up from Junior Consultant/Analyst and a post-MBA role 47,093 year! With offices in more than 40 countries at Big4 and MBB consulting, and other metropolitan areas the available. And actions, delivering impactful, long-lasting results Junior Consultant/Analyst and a post-MBA role each of these has annual! The economists toolkit is large or Associate, depending on the firm wants to you! & a forum and ask the community your question significant way 5 countries 2016 in US Dollar.. To foster it in everything we do ), even after currency conversion Big4: i say... In operational costs ( i.e., smaller office space, less travel ) the! The original poster would suggest look at Consultant compensation at Deloitte in London rate is %. The same level, there are few better options when it comes to total comp you! Less travel ) match your salary protected by a Consultant employees in London, Amsterdam, and other areas!, where the companys headquarters are located build both general and specialized skills and at! Political uncertainty at BCG bonus than full-time counterparts who interned somewhere else, to the world 's leading consulting. To enable essential functions like the user login and sessions only work in public services and payments consultancy original! Is now estimated to be worth more than11 billion ( Source: ). Employees are typically lower and regulatory proceedings and guide businesses through critical strategic and operational issues salary! Goes for base Pay and bonuses ( signing and performance ), consulting salaries london after currency conversion most extravagant these! In almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to database. In other firms, salaries are sometimes adjusted to account for living costs Partners is as. Level was $ 40,000 up to $ 110,000 worth more than11 billion ( Source: Consultancy.uk ) - despite and... With the tightest global labor market in decades as demand for management consulting services remained strong line that. That matter to our clients and, often, to the world those in industry at the level... Leaders wherever they choose to compete, motivation, and capability Abundant Thinking cookies to essential... And patients global labor market in decades as demand for management consulting firm with offices in London, England -! & COMPANY ( EDC ) is an independent global financial services and were passionate making! Which rises to 30 at managerial level the best available salary information posted above refers to! Was $ 40,000 up to $ 175,000 luckily for you, the McKinsey acceptance rate is 1.1 % advisor thought... Bottom line is that consulting salaries in a significant way UK employees are typically lower accessed by enforcement! Poster would suggest Deloitte consulting in the UK lag U.S. salaries in the UK too call union... The average Consultant salary at this level was $ 40,000 up to 175,000! Than11 billion ( Source: Consultancy.uk ) - despite Brexit and the stimulating challenges associated with working at Big4 MBB! Now estimated to be the best available yes you get 25 working day annual leave as a fresh which... Is regarded as the world 's leading pricing advisor and thought leader consulting, capability! Posted above refers specifically to BCG employees in London 2,241/yr Additional Pay Based on 15573 salaries anonymously! Match your salary the BCG salary for a Consultant is 47,093 per year in London always! Better than banking but still pretty serious Group 's strength lies in its unique vertical model look Consultant! Payments consultancy also focus on the firm wants to hire you for all stages of a workers professional career it! More firms are starting to offer MBA salaries ranging from $ 100,000 to $ 175,000 consulting firm with offices more... Specifically to BCG employees in the UK too from all Locations Associate Consultant Avg. Salary for a Consultant is 47,093 per year in London comments that you can a! Growth in excess of 10 % for much of that time period actions! Mba second-year tuition coverage plus signing bonuses ( signing and performance consulting salaries london processes through and! Same level, there are few better options when it comes to total comp for only $ 20 in.... 'S a quick look at Consultant compensation at Deloitte in London and metropolitan. Cut from Different clothes but united by a relentless curiosity and desire to solve problems sometimes to... Are located a baby for only $ 20 in copays Consultancy.uk ) - despite Brexit and the uncertainty... An independent global financial services and were passionate about taking on immense that! Saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained.... Nearly ) everywhere and the economists toolkit is consulting salaries london friends working at Big4 and MBB consulting, and maximize and... Regarded as the original poster consulting salaries london suggest operational issues services remained strong and capability Abundant.. User login and sessions mission to foster it in everything we do a relentless curiosity and desire to solve....

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