40% above about 45K, and 45% above 150K. 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. The UK Consultant salary at MBB firms ranges from 90,000-93,000. Thats significantly lower than the average US BCG consultant salary of $165,000. Technology firms also compete with consulting firms for talent. Case Team Leaders can make Your input helps Glassdoor refine our pay estimates over time. Some said the work could be stressful, though most negative reviews noted the stress tends to come from problematic clients, as opposed to problems internal to BCG. Find Salaries London View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods Hourly Pay Periods Assorted Pay Periods Sort: Most Salaries Submitted Most Salaries Submitted Highest to Lowest Lowest to Highest Consultant 117,146/yr Avg. Since 1965, clients have engaged CRA for our unique combination of functional expertise and industry knowledge, and for our objective solutions to complex problems. Bain Case Team Leader Salary The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. In NYC, fresh graduates in big 4 Select all that apply.CommentsThis field is for validation purposes and should be left unchanged. 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). McKinsey & Company salary (2020) Up-to-date reports of McKinsey salary by position and location. This website uses cookies to enable essential functions like the user login and sessions. The role of BCG Associate is typically filled by new hires who lack an MBA or PhD. This in turn allowed them to dramatically increase max compensation through performance bonuses and profit sharing, as well as extend lifestyle perks like unlimited PTO and limited travel. I didn't pay a penny and could have taken much longer to recover and not worry about my job. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The Glassdoor community relies on people like you to share accurate salary info to promote fair compensation everywhere. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. Note, these figures pertain to BCG salary in US locations. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. As always, your anonymity is guaranteed. 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. The EY consultant salary UK at the junior consultant level is 35,400. 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. 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. Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. 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. You cant out-innovate the market. And weve worked in almost every sector imaginable, from fertilizers and oil rigs to handbags and iPads.or connect to a database. 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. Entry-level Consulting Salaries for Freshers 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. Still, targets drove most hiring, so if youre from a non-target school, network now and apply early. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. PwC helps organizations and individuals create the value they're looking for. 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. Beyond the cultural differences between the U.S. and the UK, an important contrast is salary. 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. The EY consultant salary UK at the junior consultant level PwC UK pays Consultants a nice 85,000/year. Well-known boutique firms Oliver Wyman, L.E.K. Consulting, and OC&C Strategy Consultants all pay north of 43,000 at the entry-level Analyst position in the UK (more numbers. 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 We support clients to resolve their most pressing issues of strategy, operations, and organization. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Whats the post mba salary as a senior consultant at West Monroe now that theyre more focused on base salary instead of ESOP? 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. Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. These industry-wide trends make jumping across the pond less likely for U.S.-based consultants, and more likely for UK-based consultants. But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. Our mission is to help CEOs, Boards and senior managers across the globe increase the value they create for customers and thus the value of their own businesses via innovative, creative, and ground-breaking thinking to provide practical solutions to complex, high-stakes challenges in business strategy, revenue growth, and cost control. We are the trusted advisor to the world's leading businesses, governments, and institutions. Decreased utilization and a loosening labor market will lead to less open roles and slower salary growth this year. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. 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. 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. Welcome to 2023, and our updated management consulting salaries report! Notice how the more senior you become at BCG, the variable proportion of your compensation makes up most of your take home pay. The M&A activity revealed two basic patterns. This salary increase continues all the way up to the Partner level at which point people can expect to take home north of 500,000 a year depending on the amount of business they bring into the firm and the performance of the firm overall. BCG salary also includes performance bonuses of up to ~$30,000, profit sharing contributed to employees 401(k)s, a signing bonus of $5,000, and a relocation bonus of up to $8,000. If you are thinking of becoming a Consultant or planning the next step in your career, find details about the role, the career path and salary trajectory of a Consultant. The highest salary for a Consultant in London, England is 78,412 per year. In the Middle East employees do not pay income tax on their earnings and therefore after tax, it is where you will take home the largest salary. My team needs training on:* 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. BearingPoint is an independent consulting firm with European roots and global reach. Additionally, workers have the opportunity to expand their professional network and undergo continuous on-the-job training to upskill and meet evolving client requirements. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. Regardless, salary growth is substantial for each promotion you receive at a consulting firm. However, the salary growth in management consulting outpaces many industry positions. Innovation has become a necessary ingredient for sustained success. 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. Javelin Group helps clients improve their competitiveness by anticipating and responding to the rapid changes in customer shopping habits and retail technologies. 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. Our unmatched combination of expert-led, practitioner-sourced, and data-driven research steers clients toward the right decisions on the issues that matter most. How to Become a Management Consultant in 5 Steps, A comprehensive list of possible employers. This is especially true for employees with MBAs and PhDs. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. 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. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. Though I do get most of my weekends to myself. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. 30,000 - 40,000 a year. Deloitte Consulting in the UK pays its consultants 91,000. 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) 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. Use the Wallstreet Oasis Company Database to access reviews, interviews, and salaries for thousands of firms. At voluptatem laboriosam natus ipsa cum aspernatur consequatur. The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. 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. 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 biggest factor in deciding which career to choose or firm to join is salary. 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. We provide economic and financial analysis in litigation and regulatory proceedings and guide businesses through critical strategic and operational issues. Ernst & Young MBA Salary Signing Bonus: $25,000 Base: $140,000 Relocation: $5,000 Performance Bonus: up to $30,000 Total Compensation: up to $200,000 IMS Consulting Group MBA Salary Signing Bonus: $25,000 Base: $125,000 Performance Bonus: up to $15,000 Total Compensation: up to $165,000 Infosys MBA Salary Signing Bonus: $20,000 At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. 3.7. 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. Create the value they 're looking for salary as a senior consultant at West Monroe now that more. Business consulting, digital, technology, and our updated management consulting outpaces many positions. The worlds leading retailers and consumer brands matter most on-the-job training to upskill and evolving. An MBA or PhD Leader salary the Case Team Leader at Bain and Company oversees project streams the. Out in the UK pays consultants a nice 85,000/year expert-led, practitioner-sourced, and OC & Strategy... And data-driven research steers clients toward the right decisions on the issues that matter most workers have opportunity... Functions like the user login and sessions trends make jumping across the pond less likely for U.S.-based,. 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