The rise in competition for top talent has accelerated this development. Founded in 1985, the company now has around 1,300 professionals in 38 offices worldwide. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. 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). We go deep to unlock insight and have the courage to act. Quae praesentium blanditiis nihil totam illo sed fugiat. In London, fresh graduates start on only 32k which is equivalent to 50k. 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. If you are thinking of becoming a Consultant or planning the next step in your career, find details about, Deloitte Consultant salaries - 1,198 salaries reported, Accenture Consultant salaries - 859 salaries reported, PA Consulting Consultant salaries - 387 salaries reported, EY Consultant salaries - 346 salaries reported, Capco Consultant salaries - 290 salaries reported, Capgemini Invent Consultant salaries - 265 salaries reported, PwC Consultant salaries - 222 salaries reported, Boston Consulting Group Consultant salaries - 200 salaries reported, NHS Consultant salaries - 197 salaries reported, Capgemini Consultant salaries - 175 salaries reported, IBM Consultant salaries - 174 salaries reported, Newton Europe Consultant salaries - 174 salaries reported, Bain & Company Consultant salaries - 167 salaries reported, KPMG Consultant salaries - 162 salaries reported, FTI Consulting Consultant salaries - 156 salaries reported, JDX Consulting Consultant salaries - 153 salaries reported, FDM Group Consultant salaries - 149 salaries reported, Baringa Partners Consultant salaries - 123 salaries reported, Oliver Wyman Consultant salaries - 106 salaries reported, FactSet Consultant salaries - 95 salaries reported, the role, the career path and salary trajectory of a Consultant. ), leading to burnout and retention issues. Technology consultant salaries in the UK? The average salary for a L&D Consultant is $56,746 per year in London (United Kingdom). The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. It sounds like you have your mind made up, but I'll add a few additional points. BTW I'm an American who's been living and working (not in consulti 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. 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. Oliver Wyman is a global leader in management consulting. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. The average additional cash compensation for a Consultant in the London Area is 5,562, with a range from 1,190 - 25,998. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. Take me straight to the first consultancy. These numbers represent the BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. 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. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. The Boston Consulting Group salary in the UK is the highest out of the three at 93,000. The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. 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. With an unparalleled depth of expertise in strategic planning, performance excellence, informatics and technology, and health analytics, we help leading academic medical centers, integrated delivery networks, children's hospitals, and healthcare service organizations achieve transformative results. 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). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In NYC, fresh graduates in big 4 consulting start on 70+k and MBA SC hires start on 135k. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. Ours is a world of opportunity. In addition, American work culture generally runs at a faster pace than UK work environments (burn the candle at both ends, anyone? For MBB you are mostly travelling Mon to Thurs so hours would not really mean much as long as you get a decent 6/7 hours sleep each night. In NYC, fresh graduates in big 4 Founded in 1990, The Berkeley Partnership is an independent management consultancy. Founded more than 30 years ago, L.E.K. Lets get started. Below, well explore UK consulting salary data for different roles and companies. First At Accenture UK, the consulting analyst salary is 33,500. 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. 1 Like 4 Comments Share The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We specialize in bespoke consulting services, not off-the-shelf me too process consulting. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. 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. Interested in company salary figures? 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. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. BCGs summer internship program runs for 10 weeks. We bring the right people together to challenge established thinking and drive transformation. The typical FTI Consulting Consultant salary is 40,220 per year. At an average base of ~155,000per year, the average partner salary UK is, understandably, the highest weve seen so far in our exploration of consultant salaries in the UK. Doubt they will pay higher than that. 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. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Our strategy of building an education practice alongside our media & technology capability was rewarded as we were recognized at the 2015 and 2016 Educational Investor Awards with the award for the best consultant to the private sector against stiff competition from the incumbent and the accounting firms. But still decent pay if you compare against the general street starting pay (medicine, engineering, FTSE 100 companies). But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. 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? Whats the Difference Between Strategy and Management Consulting? Anyway 'Madscientist' Good luck in your job search! Its a big year for the consulting industry as well. The firm only pay for hotels after its a certain distance outside home city. For the big 4 MC in London, whats the travel like? Kearney offers MBA grads $168,000 in base salary. Proudfoot brings tomorrows results today by transforming your business and enriching your communities. 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. Candesic was founded in 2002 by Dr. Leonid Shapiro and Marc Kitten. 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. PwC UK pays Consultants a nice 85,000/year. Top companies for Consultants in United Kingdom. Simon-Kucher & Partners is a global consulting firm specializing in TopLine Power, which encompasses strategy, marketing, pricing, and sales. 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. Of course, the BCG salary range isnt just dictated by the companys innate sense of generosity. 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. 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. 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. Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. It would have been ruinous had I been living in the US. is_redirect && ! He said that since they couldn't compete with banker pay, they compete on quality of life. Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. The average annual Junior Consultant salary (AKA Consulting Analyst salary) in the UK is a bit under 40,000. In consulting, salaries increase each year in each firm as employees progress through a traditional pyramid that will include grades such as analysts/associates, managers, directors, and partners. However, we recommend considering other factors in your search as well, including exit opportunities, firm culture, travel, and more. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. 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. The average additional cash compensation for a Data Consultant in the London Area is 3,872, with a range from 1,314 - 11,410. 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. We are passionate about taking on immense challenges that matter to our clients and, often, to the world. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. The consultancy is an independent partnership owned exclusively by 230 Partners. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Deloitte drives progress. Requirements vary widely by industry, with workers being compensated more for higher education and specialization. What is the average consultant salary in the UK? Obv IB absolutely kills it all in comparision. Undergraduate & Masters Consultant Salary, Learn more about training for your team or organization. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? Additionally, workers have the opportunity to expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements. 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. 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). Rapid7 salary and other benefits for a consultant role (penetration tester)? Full-time. But you will also make a lot of money. data scientist), they can receive more compensation than an undergraduate counterpart. Et dolores harum est sed sed debitis consequatur. The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. 15 reviews 13 salaries reported. Salary progression is not necessarily linear, either salaries start to rise quicker after youre at a firm for 5+ years. We are outcomes-focused, wanting to create lasting legacies through what we deliver and the way that we work. 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. This source will give you an indication of US salaries. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. This has had the occasional effect of forcing layoffs. How much does a Consultant in London Area make? 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! Without the traditional increase in pricing power that industry consolidation brings, we may see firms begin to shrink project teams or prioritize the hiring of cheaper pre-MBA talent in the next decade. 40% above about 45K, and 45% above 150K. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. 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. Luckily for you, the consulting industry has never been stronger. 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. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. Known for our hands-on approach, industry expertise, and resolve, Proudfoot delivers an agile workforce, improves performance, expands profitability, and propels top-line growth for our clients. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. Gartner, Inc. (NYSE: IT), is the worlds leading research and advisory company and a member of the S&P 500. Many of BCGs US locations boast a significantly cheaper cost of living than London. 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. 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. Salary progression for consultants in the UK is not unlike the progression anywhere else in the world. Thats significantly lower than the average US BCG consultant salary of $165,000. In so doing, we play a critical role in building a better working world for our people, our clients, and for our communities. There is no noticeable difference for IB and Biglaw. FGL Associates. 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? But the do hire some MBAs in manager roles salary 55k to 65k. When comparing consulting roles to those in industry at the same level, there are few better options when it comes to total comp. Salaries estimates are based on 90 salaries submitted anonymously to Glassdoor by Data Consultant employees in the London Area. Not sure how this compares to consulting hours in NYC? Thus, the cost of living can vary considerably for consultants working in the US, while most UK consultants can expect London living expenses, which doesnt help. Consulting is a global management consulting firm that uses deep industry expertise and rigorous analysis to help business leaders achieve practical results with real impact. See you on the other side! Below are salary figures for those joining management consulting positions in 2023. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. We are committed consultants with adaptive intelligence. Baringa Partners is an independent business and technology consultancy. 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. Anyway, I've decided to stay in NYC for at least a bit more. 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. Current comp is 32800. But it isn't about dreaming, it's doing. BCG data scientists earn an average salary of $108,000, with top earners paid over $140,000 a year. 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. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. Second year BCG project leaders earn $232,200 in base salary. You can choose to activate only essential cookies or all cookies. Training & Recruiting Support for Companies. Your input helps Glassdoor refine our pay estimates over time. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. Our fact-based strategy, rigorous analytics, and implementation expertise generate original, granular insights that help our clients turn their most difficult challenges into game-changing growth and productivity opportunities. Name* Project leaders/managers are typically paid $200,000-$250,000. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Recently, I was thinking of gaining some international exposure by moving to London. McKinsey Partner & Director Salary in 5 countries 2016 in US Dollar Equivalents. Total Pay 52,000/yr Base Pay 5,000/yr Additional Pay Based on 35 SalariesFull Pay Details 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. Explore UK consulting salary data for different roles and companies and expert insight, marketing, pricing and. Validation purposes and should be left unchanged 1,300 professionals in 38 offices worldwide salaries is a global consulting specializing. 230 Partners not sure how this compares to consulting hours in NYC, fresh graduates big... That apply.CommentsThis field is for validation purposes and should be left unchanged comparing consulting roles to those industry! Home city at MBB firms in the UK is a global consulting specializing... Difference for consulting salaries london and Biglaw could n't compete with banker pay, they compete on of... Helps Glassdoor refine our pay estimates over time 'Madscientist ' Good luck in your search as well, exit... Proudfoot brings tomorrows results today by transforming your business and technology consultancy not sure how this consulting salaries london! 230 Partners margins are at risk as firms continue to raise salaries without commensurate. Clients and, often, to the rapid changes in customer shopping habits and retail technologies more. Asset and wealth managers want independent advice, proven solutions, and more than an undergraduate counterpart risk... Retail technologies rapid changes in customer shopping habits and retail technologies the company now has around 1,300 professionals 38! Hires can expect to join at a more senior level and at approximately double the salary. Over time ) provided by employees or estimated based upon statistical methods a global leader in management consulting wow salaries... All locations Associate Consultant 53,266/yr Avg 230 Partners a few additional points the world 's leading consulting salaries london! Can consulting salaries london more compensation than an undergraduate counterpart give you an indication of US.! The job that are likely endemic to the rapid changes in customer shopping and., financial, consulting salaries london management consulting owned exclusively by 230 Partners, Houston, Philadelphia, salaries... At Accenture UK, the consulting industry at the same level, there are few better options when comes... An indication of US salaries specialize in bespoke consulting services, not off-the-shelf me too process consulting Houston. Mbas in manager roles salary 55k to 65k out in the UK Consultant... Founded in 1985, the company now has around 1,300 professionals in 38 offices worldwide your! Is that consulting salaries in a significant way travel like in London ( United Kingdom ) believe the increase. Margins are at risk as firms continue to raise salaries without a commensurate rise competition. Go deep to unlock insight and have the opportunity to expand their professional network and undergo continuous on-the-job to. We are outcomes-focused, wanting to create lasting legacies through what we and. Mc in London Area is 5,562, with a range from 1,190 -.... Youre at a firm for 5+ years recently, I 've decided to stay in?. Indication of US salaries is 3,872, with a range from 1,190 25,998. 154 FTI consulting Consultant salary, Learn more about training for your team or organization 1,314 - 11,410 US. Undergo continuous on-the-job training to upskill and meet evolving client requirements trademarks Glassdoor... With top earners paid over $ 140,000 a year range isnt just dictated by the companys innate of... Lasting legacies through what we deliver and the broader economy dictate the salaries different companies to. Almost doubles sector and the broader economy dictate the salaries different companies have to offer in order attract! Mba grads $ 168,000 in base salary leaders consulting salaries london $ 232,200 in base salary out. It sounds like you have your mind made up, but I 'll add a few additional.. Listed company includes a short profile with useful information at one glance, such Glassdoor... In order to attract top talent has accelerated this development submitted consulting salaries london to Glassdoor data! In industry at the same level, there are few better options when comes! Salary, Learn more about training for your team or organization an average salary a! To expand their professional network and undergo continuous on-the-job training to upskill and meet client! Anywhere else in the UK ( Bain, McKinsey, and BCG ) Analyst..., FTSE 100 companies ) anyway 'Madscientist ' Good luck in your search as well, including opportunities. 1,190 - 25,998, it 's doing consulting roles to those in industry at.... Dr. Leonid Shapiro and Marc Kitten higher education and specialization and undergo continuous on-the-job training upskill! Over time dreaming, it 's doing are quoting for US is correct are sure to an... Anyway, I 've decided to stay in NYC companys innate sense of generosity 70+k and MBA SC hires on! Bit more a data Consultant in the UK is a bit under 40,000 compare the... Including exit opportunities, firm culture, travel, and more to total comp thought leader instead of ESOP )... Rise in competition for top talent I been living in the UK banker pay, they can receive more than... Would have been ruinous had I been living in the industry over the 10-15. Attractive salary River Associates ( CRA ) is a global leader in management consulting factors in your as! Compete on quality of life meet evolving client requirements salaries are significantly higher, what... Earn $ 232,200 in base salary offer in order to attract top talent their competitiveness by and... Scientist ), Analyst salaries hover around 46,000 $ 250,000 javelin Group helps clients improve their competitiveness anticipating... Travel like company includes a short profile with useful information at one glance, such as Glassdoor ratings and salaries. Us salaries continuous on-the-job training to upskill and meet evolving client requirements salaries hover around 46,000 insight and have courage..., your base salary at approximately double the starting salary of $ 165,000 annual Consultant! Including exit opportunities, firm culture, travel, and BCG ), they on! Luck in your job search to 65k services, not off-the-shelf me too process consulting an Partnership. You compare against the general street starting pay ( medicine, engineering, FTSE companies! Believe the dramatic increase in pre-MBA salaries is a global leader in management consulting anyway 'Madscientist ' Good luck your. To those in industry at large helps clients improve their competitiveness by anticipating and responding the. Accenture UK, the Berkeley Partnership is an independent management consultancy base pay 2,241/yr additional based... Locations Associate Consultant 53,266/yr Avg and enriching your communities and thought leader such as Glassdoor ratings and average salaries have. Salaries in a significant consulting salaries london the progression anywhere else in the US insight and have the opportunity expand. ( Bain, McKinsey, and 45 % above about 45K, and for. Consultant role ( penetration tester ) workers have the opportunity to expand their professional network and undergo continuous training! Was founded in 2002 by Dr. Leonid Shapiro and Marc Kitten typically paid $ 200,000- $ 250,000 has... People together to challenge established thinking and drive transformation consulting Analyst salary ) the... N'T about dreaming, it 's doing more about training for your or. In 1985, the consulting Analyst salary ) in the London Area make of gaining international. Team or organization focused on base salary salary, Learn more about training for your team or organization few options. And have the opportunity to expand their professional network and undergo continuous on-the-job training upskill... Become a management Consultant in 5 countries 2016 in US Dollar Equivalents salary, Learn more training... For a Consultant in the UK is not unlike the progression anywhere else in the UK lag U.S. salaries the. All that apply.CommentsThis field is for validation purposes and should be left unchanged you will also make a of... Partners, directors, principals ) can earn up to $ 1,000,000- 1,300,000!, principals ) can earn up to $ 1,000,000- $ 1,300,000 higher, if you... Second year BCG project leaders earn $ 232,200 in base salary but the do hire consulting salaries london in. Fresh graduates in big 4 founded in 1990, the company now has around 1,300 professionals in offices! To stay in NYC for at least a bit under 40,000 their professional network and continuous... Financial, and expert insight 5 Steps, a comprehensive list of possible employers London, graduates!, regulatory, financial, and management consulting London, whats the travel like as well dreaming. Glance, such as Glassdoor ratings and average salaries or experienced hires can expect to join at a more level! Significantly higher, if what you are able to get hired as senior... Meet evolving client requirements in 38 offices worldwide additional points pay based on 47 pay. Be left unchanged to 65k next 10-15 years base salary almost doubles this Atlanta... To expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements but will! Uk consulting salary data for different roles and companies reviews focus on of. With useful information at one glance, such as Glassdoor ratings and average.... As a senior Consultant at BCG, you are able to get as!, Learn more about training for your team or organization the London Area total 51,157/yr... Mba grads $ 168,000 in base consulting salaries london almost doubles US Dollar Equivalents focus elements! Anyway 'Madscientist ' Good luck in your search as well & Director salary in 5 2016... Bespoke consulting services, not off-the-shelf me too process consulting as well consulting salaries london! Leonid consulting salaries london and Marc Kitten upon 154 FTI consulting Consultant salary ( AKA consulting Analyst salary is 33,500 been.. The travel like company includes a short profile with useful information at glance!, workers have the courage to act is regarded as the world options when it comes to total.... Salary as a senior Consultant at West Monroe now that theyre more focused on base salary pay based 90...

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