SDG Group has developed a multidisciplinary center of excellence in the end-to-end assignments of modeling and implementing advanced business analytics and data-driven solutions by business domain. 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. Manager (S Consultant) bracket is between 55k -70k max. RHR International LLP is an independent global leadership consulting firm whose mission is to unlock potential in leaders. Kim KardashianDoja CatIggy AzaleaAnya Taylor-JoyJamie Lee CurtisNatalie PortmanHenry CavillMillie Bobby BrownTom HiddlestonKeanu Reeves Business, Economics, and Finance GameStopModernaPfizerJohnson & JohnsonAstraZenecaWalgreensBest BuyNovavaxSpaceXTesla Crypto CardanoDogecoinAlgorandBitcoinLitecoinBasic Attention We support clients to resolve their most pressing issues of strategy, operations, and organization. BearingPoint is an independent consulting firm with European roots and global reach. Check out at the ultimate introduction to PST (Problem Solving Test) and PSG (Problem Solving Game), especially the latter one. L.E.K. 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. Overall, consulting salaries are highly competitive compared to other industries. Salary progression for consultants in the UK is not unlike the progression anywhere else in the world. Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, and faster. If compensation is the most important factor in your firm preferences, look at firms like Alvarez & Marsal, McKinsey, Strategy&, BCG, Bain, Accenture Strategy, and IGS. Below is a chart depicting average compensation from 122 consulting firms. At McKinsey,the salary for 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. Proudfoot brings tomorrows results today by transforming your business and enriching your communities. Join the worlds leading case interview community today and get everything you need to prepare for your upcoming case interviews! Consulting interns are less likely to receive bonuses, although some firms do offer relocation or signing bonuses. 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. Salary: 31.5k; FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: 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. Its a big year for the consulting industry as well. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Often, our interview prep clients will receive slightly higher job offers in tech than in consulting. Anyway 'Madscientist' Good luck in your job search! Bain & Company salary. 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. Additionally, when promoted to the next level (usually every 2-3 years), the increase in your income is substantially larger. However, the salary growth in management consulting outpaces many industry positions. This increase was on par with the last major increase we saw in 2019. We have 207,000 outstanding professionals working together to deliver value in 153 countries and territories. Then we develop a powerful way to solve it. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. This is important to note, as you should be applying for the position the firm wants to hire you for. Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. First Thats why we put in hundreds of hours of research each year to bring you the most up-to-date consultant salary information anywhere. The average salary for Consultant is 47,093 per year in the London Area. You can choose to activate only essential cookies or all cookies. In the 15 years we have been covering salaries, this is the 14th year that starting salaries increased. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. Our expertise is focused on a few core specialisms, allowing us to deliver results that get noticed. The potential result? 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). Some related job titles areEntry Level Consultant Salaries with median pay of 56,215,Senior Consultant Salaries with median pay of 64,325,Associate Consultant Salaries with median pay of 43,194,Business Analyst Salaries with median pay of 54,722. 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). So, why are consultant salaries lower in the UK than in the U.S.? We are passionate about taking on immense challenges that matter to our clients and, often, to the world. If you need more information please view the individual settings. A global leader in consulting, technology services, and digital transformation, Capgemini is at the forefront of innovation to address the entire breadth of clients opportunities in the evolving world of cloud, digital, and platforms. In NYC, fresh graduates in big 4 consulting start on 70+k and MBA SC hires start on 135k. The big BCG salary bump comes when you hit Project Leader. If you need more information please view the individual settings. 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. 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. One notable exception is finance, where salaries are higher but work-life balance is often worse. Where the UK differentiates itself in part is in benefits and culture. We add value and support our clients across the full spectrum of consulting, from strategy through delivery. In NYC, fresh graduates in big 4 Your input helps Glassdoor refine our pay estimates over time. Many consulting firms offer masters students the same positions as undergraduate students. We transform businesses. Gartner, Inc. (NYSE: IT), is the worlds leading research and advisory company and a member of the S&P 500. However, this growth is not without potential peril. Also you might benefit from other social welfare programs that might benefit you in the future. Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. Why? 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. Specializing in digital and IT transformation, sourcing advisory, global strategy, and governance services, Avasant prides itself on delivering high-value engagements through industry-focused innovation and flexible client-based solutions. Employees with this title earn an average BCG salary of $110,000 per year as a base rate, with performance bonuses of up to $20,000. Get into McKinsey. EDGAR, DUNN & COMPANY (EDC) is an independent global financial services and payments consultancy. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. Though in my predicament, this is pretty much a non-option, the big 4 clearly has a different wage structure - I was reading some of the UK forums and they were paying the same salaries in London more than a decade ago. Simon-Kucher & Partners is regarded as the world's leading pricing advisor and thought leader. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. from associate to senior associate) will typically be a minimum of 2 years performance-dependent. They often offer higher base salaries but the roles are more siloed and the promotion trajectory is slower. The average additional cash compensation for a Data Consultant in the London Area is 3,872, with a range from 1,314 - 11,410. Mott MacDonald: Opening opportunities with connected thinking. 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. Likewise, performance bonuses for BCG UK employees are typically lower. It is now estimated to be worth more than11 billion (Source: Consultancy.uk) - despite Brexit and the political uncertainty. Work Email* My team needs training on:* 30,000 - 40,000 a year. Most surprisingly, consultant salaries in London are relatively lower given its high cost of living. In short, there has never been a more lucrative time to become a consultant. How much does a Consultant in London Area make? 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. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. So far, margins have been protected by a decrease in operational costs (i.e., smaller office space, less travel). 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. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. 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). 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. The USA is not considered to have adequate data protection legislation. Is consulting less mainstream in London? As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. Pye Tait Consulting is a well-established research company with strong values centred on delivering high quality outputs that contribute to social and economic development. Our mission is clear. 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 field is for validation purposes and should be left unchanged. Things like free healthcare and tougher labour law don't sound that valuable until you need to use them. For entry-level roles that means folks coming right out of undergraduate/MS programs the average base salary for consultants in the UK is around ~40,000. We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. Additional pay could include cash bonus, commission, tips, and profit sharing. 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. We created Stroud with this belief and have made it our mission to foster it in everything we do. Do consultants rack up a lot of credit card points? They are followed by the other top strategy firmsBain, McKinsey, and OC&C. Our consultants use innovative problem-solving approaches and achieve unparalleled analytic depth. I would say my hours are more similar to MBB in London. 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. Do you guys think it is possible to ask the big 4 in London to match my salary in the US? Clients are surprised at the breadth of our work. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). BCGs summer internship program runs for 10 weeks. BCG Consultant Salary. We go deep to unlock insight and have the courage to act. 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