Apparently theres a national issurance or smth like that, so the true tax rate is a lot higher. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. 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. Charles River Associates (CRA) is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. In the following article, you will find a comprehensive list of London consulting firms to pick your personal target firms from A to Z. Lets pay it forward! The starting salaries of consulting firms vary There is no noticeable difference for IB and Biglaw. At MBB firms in the UK (Bain, McKinsey, and BCG), analyst salaries hover around 46,000. For forty years, we've been passionate about achieving better results for our clientsresults that go beyond financial and are uniquely tailored, pragmatic, holistic, and enduring. North Highland is a global management consulting firm known for helping clients solve their most complex challenges related to customer experience, performance improvement, technology & digital, and transformation. 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. The BCG Consultant Salary starts at a 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. BearingPoint is an independent consulting firm with European roots and global reach. Check out the world-class interview prep and resume prep services that have helped land thousands of readers (like you) positions attop management consulting firms. Our practice is built on evidence-based, practical strategies for profit improvement via the top line. You can fill out this anonymous form, add acomment below, orsend us an email. Overall, consulting salaries are competitive within their country, often offering salaries 20%+ above the average for other professional service firms. 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). There are two levels of partner at BCG. At the post-MBA level folks with an MBA, PhD, or ~7+ years work experience that jumps up quite a bit to ~85,000. BCG Gamma is a division of BCG focusing on data science and advanced analytics. Our consultancy team has an unrivaled track record of delivering it.. 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. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. And no clue for some reason WSO converts the pound sign into PS! They often offer higher base salaries but the roles are more siloed and the promotion trajectory is slower. BCG salary details differ between countries. BCG salary varies from country to country, though most locations within the same country pay the same rate to employees. We're a network of firms in 157 countries with more than 223,000 people. 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. Consulting interns are less likely to receive bonuses, although some firms do offer relocation or signing bonuses. Our 50 offices are located in key global business hubs. 1 Like 4 Comments Share Thats significantly lower than the average US BCG consultant salary of $165,000. 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. We equip business leaders with indispensable insights, advice, and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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. They are followed by the other top strategy firmsBain, McKinsey, and OC&C. Medicspro. First, there is oftenlittle roomfor salary negotiation unless you are an experienced hire. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. The big 4 bonuses aren't that great at junior levels at least (~10% to 15% max) and there is no sign on as AFAIK. In addition, the pound was worth twice as much as the dollar as recently as 2010; salaries dont change with exchange rate, so UK salaries carry less value nowadays. It's fully expected that you'll use all or most of your allocation. Since 1926, we have been trusted advisors to the world's foremost organizations. 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. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. The role of associate principal and senior project leader is typically the second promotion for BCG employees post-MBA, occurring after four to five years. This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Consultant is the next level up from Junior Consultant/Analyst and a post-MBA role. Manager (S Consultant) bracket is between 55k -70k max. 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 consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. What do you get when you put it all together? The average salary for Consultant is 47,093 per year in the London Area. As always, your anonymity is guaranteed. Likewise, PhDs often (though not always) receive the same compensation as MBAs. Through its behavioral lens, RHR has worked side by side with CEOs, board directors, and senior executives for more than 70 years, helping them acquire the knowledge, wisdom, and skills necessary to achieve business results. Founded more than 30 years ago, L.E.K. Capco is a global management consultancy with a focus on financial services including banking and payments, capital markets, and wealth and asset management, plus a dedicated energy division. Because of the up-or-out structure and the attractive exit opportunities, only a small percentage of consulting recruits make it all the way to Senior Partner. Base/bonus breakdown would also be great. Anyway, I've decided to stay in NYC for at least a bit more. Btw what is standard annual leave in the US? Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG. a GDPR, to your data being processed in the USA. To us, each client challenge is unique, so boilerplate solutions dont cut it. At Accenture UK, the consulting analyst salary is 33,500. 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. When you start with the belief that anything is possible, anything really is. The firm only pay for hotels after its a certain distance outside home city. However, this growth is not without potential peril. Because of that, the net income after a few years in consulting can exceed those in other industries, despite an initially lower base pay. Training & Recruiting Support for Companies. Were an international consulting firm, but weve never seen size as an end in itself. This led to record revenue for many consulting firms and a continued wave of M&A activity, leading to double-digit industry growth. Our ethos: People Transformation. 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. At McKinsey,the salary for The BCG Consultant Salary starts at a $190,000 base, with max performance bonuses of ~$50,000. Likewise, performance bonuses for BCG UK employees are typically lower. 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. 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. 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 Protiviti and our independently owned Member Firms provide consulting solutions in finance, technology, operations, data, analytics, governance, risk, and internal audit to our clients through our network of more than 75 offices in over 20 countries. Location work from home. As we attempt to provide quality compensation data to our readers, we appreciate any data that you share. In addition to that salary, the BCG consultant salary for MBAs and PhDs includes performance bonuses of up to ~$50,000, retirement contributions of up to $20,312 into 401(k) accounts, a signing bonus of $35,000, and up to $8,000 in relocation help. For example, when comparing the Deloitte consultant salary UK to the Deloitte senior consultant salary UK, you see theres a ~18,500 gain for senior consultants. 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 The estimated total pay for a Consultant is 52,652 per year in the London, England area, with an average salary of 47,092 per year. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Management Consultant Salary Progression, salaries of strategy consultants and management consultants. McKinsey Analyst Salary in 7 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). 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 Yes you get 25 working day annual leave as a fresh graduate which rises to 30 at managerial level. Salaries estimates are based on 15573 salaries submitted anonymously to Glassdoor by a Consultant employees in London Area. Lol yes the graduate salary is really pretty crap for London standard of living. In sum, if you want to get paid in the UK, MBB or boutique firms will compensate you well above what the Big 4 firms will. Technology consultant salaries in the UK? We are committed consultants with adaptive intelligence. 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. 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. In NYC, fresh graduates in big 4 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. Find more details in our comprehensive consulting salaries report. Your data could be accessed by law enforcement without prior public trial in court. The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. 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