What these figures do not account for is the income tax rate in each country. Before deciding on a final offer, consider how your salary will grow across time. The average salary for Data Consultant is 48,894 per year in the London Area. But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. And were great at explaining our recommendations in everyday language. Because of that, the net income after a few years in consulting can exceed those in other industries, despite an initially lower base pay. The data comes from our interview prep clients who received written job offers and firm representatives. Get to know the top consulting firms to work for! We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. If youre wanting to go into tech or IT consulting in the UK, the numbers are a little bit lower, but not all that different. Partnering with our clients, we are solving the world's most intricate challenges. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. The average UK consultant salary is ~85,000. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Last BCG (Boston Consulting Group) salary (2020) Comprehensive guide to BCG salary in 2020! PwC Strategy& UK (the firms strategy consulting arm) pays much better than the average Junior Consultant salary in the UK at 52,000. MBB: Standard hours prob 8am to 8pm with until midnight and later during peak seasons. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. 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. 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. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. PwC helps organizations and individuals create the value they're looking for. 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. Born from Deloitte Touche Tohmatsus Japanese consulting practice, ABeam was founded in 1981 and began with 1,530 employees. 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. Notice how the more senior you become at BCG, the variable proportion of your compensation makes up most of your take home pay. Our people are committed to our client's success and focused on helping you achieve essential advantages. Our consultants are passionate and highly engaged with a pragmatic yet innovative mindset. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. 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 Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. 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. We work hand in hand with our clients, delivering at the coalface. However, more large companies are setting up their own in-house consulting and analytics operations. From locations in Frankfurt, London, Paris, San Francisco, Singapore, and Sydney, we deliver actionable strategies, measurable results, and a unique blend of global perspective and local market knowledge for clients in over 45 countries. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. You can always change your preference in the. 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. Many consulting firms offer masters students the same positions as undergraduate students. Currently at a T2 generalist firm and thinking of switching, but would be good to get a sense of comp progression (Glassdoor data seems incomplete). These degrees are roughly equivalent when it comes to consultant salary, as the technology sector drives competition for top talent. 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). We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. The firm offers 3 main services operational excellence, How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_110').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_110').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_110').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_110').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_110').val();gformInitSpinner( 110, 'https://managementconsulted.com/app/plugins/gravityforms/images/spinner.svg' );jQuery(document).trigger('gform_page_loaded', [110, current_page]);window['gf_submitting_110'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_110').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_110').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [110]);window['gf_submitting_110'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_110').text());}, 50);}else{jQuery('#gform_110').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [110, current_page]);} );} ); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Starting salaries for incoming MBA & PhD hires are rising again after a smaller increase last year. We do that by combining our strategy consulting expertise with the vast capabilities of the network, to help you move your business forward with confidence. is_redirect && ! 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. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. Sure, youll learn a lot at BCG and have a prestigious name attached to your resume. We are committed consultants with adaptive intelligence. This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. At BCG, Consultant is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). With more eager candidates than ever before chasing the prestige, pay, and relative stability of a consulting job, the consulting job market will be even more competitive this year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Working with a group of independent consultants of the highest caliber, we have pioneered an approach that delivers tangible impact, client ownership, and great value. See you on the other side! Bain Case Team Leader Salary The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. The EY consultant salary UK at the junior consultant level is 35,400. Those entering the financial services industry receive a 30%+ increase in compensationbut work/life balance often takes a hit. Our consultancy team has an unrivaled track record of delivering it.. Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, and faster. Looking to land a position in management consulting? It pays to be in the US both from a salary and cost-of-living perspective. 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. 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). Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. Since 1926, we have been trusted advisors to the world's foremost organizations. 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. 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. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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. 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. While top management consulting firms have thriving office locations in the UK, including EY, Deloitte, Accenture, McKinsey, and BCG, unfortunately, most firms pay much less than their U.S. counterparts. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. Finally, some employees lamented an inability to align available promotions and career development opportunities with their personal interests. The pay is not as far off as the original poster would suggest. Overall earnings are contingent on many factors, with the most notable one being your performance. Using a top-down communication style across emails, meetings, and decks Location work from home. 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. 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. However you will most likely get a re-location allowance to help make up some of the difference. Find out what management consultants earn in the UK! Innovation has become a necessary ingredient for sustained success. The average salary for a Consultant is 47,093 per year in London, England. Lets get started. , delivering at the Junior consultant level is 35,400 report ( s ) provided by employees or based... Consulting practice, ABeam was founded in 1981 and began with 1,530 employees we have trusted... Report ( s ) provided by employees or estimated based upon 154 FTI consulting consultant salary UK, is! 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