Second, you can increase your take-home income by choosing an office location where the cost of living is lower(e.g. However, the salary growth in management consulting outpaces many industry positions. In NYC, fresh graduates in big 4 But the bottom line is that consulting salaries in the UK lag U.S. salaries in a significant way. There is a lot of travelling, and most of my work is done outside of my base city. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Our diverse teams of experts combine innovative thinking and breakthrough technologies to progress further, and faster. North Highland is an employee-owned firm, headquartered in Atlanta, GA, with more than 3,000 consultants worldwide and 70+ offices around the globe. The USA is not considered to have adequate data protection legislation. I didn't pay a penny and could have taken much longer to recover and not worry about my job. In other developed countries, the salary fluctuates around $80,000, while in developing nations such as India, the number is roughly $25,000-$30,000 (profit sharing not included). I would choose McDonalds over the sell-side. - David Tepper. One common refrain is the clich that you can have a baby for only $20 in copays. Before deciding on a final offer, consider how your salary will grow across time. 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. Work with our team to prepare your CV for applications today. Case Team Leaders can make Principal consultant salaries are, on average, higher than salaries at many other levels (except for Partner). Clients include leading international companies in several sectors, ranging from heavy industry to services and private equity. With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. Javelin Group, part of Accenture Strategy, provides strategy consulting and digital transformation services to the worlds leading retailers and consumer brands. 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 In this article, well take you through the compensation you can expect from a variety of different positions at BCG. Bain Case Team Leader Salary The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Are you interested in becoming a management consultant? 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. Keep in mind though that health insurance and other public services are a lot cheaper and at least in Germany (I think it is similar in the UK) you don't need to pay into a retirement fund. The firm advises and supports global companies that are leaders in their industries including the largest private and public sector organizations, private equity firms, and emerging entrepreneurial businesses. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. 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. These degrees are roughly equivalent when it comes to consultant salary, as the technology sector drives competition for top talent. We are outcomes-focused, wanting to create lasting legacies through what we deliver and the way that we work. Thats significantly lower than the average US BCG consultant salary of $165,000. L.E.K. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. Likewise, performance bonuses for BCG UK employees are typically lower. Both at the undergraduate/masters level and post-MBA/PhD, management consultant salaries continue to stay competitive to rival Banking and Big Tech. Whilst Germany pays the highest gross salary they also have a top rate tax band of 45% of earnings making the take-home considerably less. Large firms acquired boutique strategy houses in lieu of (or in addition to) organically building their own (e.g., AlixPartners acquiring Galt & Co.). The first level of junior partner/principal is usually a BCG employees third promotion and occurs after six to eight years with the company. Entry-level Consulting Salaries for Freshers Big4: I would say standard hours are 9 to 6/7pm with busy seasons (8 to 10 weeks a year) you could be working until 11/12. As the last two years of frenetic hiring catches up with the demand for services, overall consultant utilization has plateaued. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. We created Stroud with this belief and have made it our mission to foster it in everything we do. 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. Get into McKinsey. Germany leads the way paying salaries 23% higher than anywhere else and almost double the lowest paying country, the UK. Most surprisingly, consultant salaries in London are relatively lower given its high cost of living. Americans, on average, work more hours with less time off than their UK counterparts. Work Email* 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. Utilization has decreased at some firms from the all-time highs we saw in 2021 and early 2022. Our ethos: People Transformation. See you on the other side! Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. Additional pay could include cash bonus, commission, tips, and profit sharing. This is especially true for employees with MBAs and PhDs. Obv IB absolutely kills it all in comparision. The average additional cash compensation for a Consultant in the London Area is 5,562, with a Unlock all materials helping you land the next job in McKinsey! Our people are agile thinkers, cut from different clothes but united by a relentless curiosity and desire to solve problems. All salary figures are in U.S. dollars unless otherwise stated. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. Newton: Our approach is different deliberately. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. Your data could be accessed by law enforcement without prior public trial in court. Contribute to our Q&A forum and ask the community your question! What is the salary trajectory for a Consultant? Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Anyone at Altman Solon London who can provide total comp figures for Consultant, Senior Consultant and Engagement Manager levels? Next, lets take a look at a breakdown of BCG salaries by role. 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. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London, England. If you accept a consulting offer in any country, you will likely be paid more than the average local employee with a similar tenure in professional service industries. 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. We question everything and apply thoughtful and rigorous analysis to each challenge, issue, and opportunity. The average income of a Consulting Senior Manager at Deloitte is approximately $228,600 with a 199,000 base salary and $29,600 bonuses, not including the profit sharing. a GDPR, to your data being processed in the USA. Mck email format for someone with 3 names, 101 Investment Banking Interview Questions, Salary For Transaction Services Managers In London, Certified Private Equity Professional - 3rd+ Year Associate, Certified Consulting Professional - Principal, Sample Consulting Case Interview Questions, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Jan 21st - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Private Equity Interview 1-Day Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. 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