This estimate is based upon 154 FTI Consulting Consultant salary report (s) provided by employees or estimated based upon statistical methods. We know that the world changes constantly, so we offer real, tailored solutions for complex business environments. 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. Like many other top firms, BCGs career development path tends to obey an up-or-out strategy. BearingPoint is an independent consulting firm with European roots and global reach. Quae praesentium blanditiis nihil totam illo sed fugiat. Many employees are particularly enthusiastic about BCGs health coverage, which is said to be the best available. employs more than 1,400 professionals across the Americas, Asia-Pacific, and Europe. Second year BCG project leaders earn $232,200 in base salary. 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. The Applied Value Group combines Management Consulting, Private and Public Investments, and Social Responsibility. Newton: Our approach is different deliberately. 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. 67 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. Our engagements create shareholder value through rigorous analysis, strategic advice, and a strong emphasis on actions to make it happen. This is especially true for employees with MBAs and PhDs. Our collaborative and efficient approach helps clients reduce costs, and manage risk and regulatory change while increasing revenues. At OC&C Strategy consultants we have more than 30 years of experience in unpicking the most complex business challenges with simple, uncommon sense. Generally, consulting full-time hires receive signing bonuses, relocation bonuses, end-of-year performance bonuses, and more. The base rate for UK employees always tends to lag behind the BCG salary for US employees. Compared to the rest of the world, the United Arab Emirates, Singapore, Switzerland, and Canada also boast relatively high consultant salaries. Click here to see the total pay, recent salaries shared and more! 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. 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. 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. Base/bonus breakdown would also be great. In this article, well take a deeper look at that and compensation expectations in consulting by position. Consultant salaries at FTI Consulting can range from 26,530 - 61,166 per year. Lets pay it forward! When you pit the EY consultant salary UK to the EY senior consultant salary UK, there is an approximate difference of 12,000. 2021 and 2022 saw an unprecedented wave of exits from the industry these exits should stabilize as utilization comes back to historical norms. MBA Salaries: How Much Do Consultants With An MBA Make? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Construction, Repair & Maintenance Services. Yes you get 25 working day annual leave as a fresh graduate which rises to 30 at managerial level. With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. Anyway 'Madscientist' Good luck in your job search! 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. What do you get when you put it all together? 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. For example, a Big 4 consultant working in New York often receives a slightly higher salary than a Big 4 consultant in Dallas. I'm probably (definitely) not going to stay in the UK long enough to collect a pension, so the insurance is essentially additional tax. This website uses cookies to enable essential functions like the user login and sessions. 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. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. 85% of our work is for clients choosing to work with us again. Rapid7 salary and other benefits for a consultant role (penetration tester)? 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. 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. 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. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. Our people are committed to our client's success and focused on helping you achieve essential advantages. Management Consultant Salary UK 2023. BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. Monday to Friday. Combining analytics, technology, and industry experience, we can help you succeed in it faster. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Alpha FMC: Asset and wealth managers want independent advice, proven solutions, and expert insight. Capgemini is driven by the conviction that the business value of technology comes from and through people. Sorry, you need to login or sign up in order to vote. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.Those six-digit salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you are reading this article; so lets find out how much McKinsey pays its consultants in 12 different countries. Is compensation in the UK higher than in the U.S.? The typical FTI Consulting Consultant salary is 40,220 per year. 30,000 - 40,000 a year. London Big 4 rough guide: Undergrad Start: 32k increases to 45k after 2 years when you become an Assistant Manager/Senior Exec, MBA: Big 4 do not require an MBA in UK. Manager (S Consultant) bracket is between 55k -70k max. 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. 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. 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. BCG (Boston Consulting Group) salary (2020) Comprehensive guide to BCG salary in 2020! We also use cookies and third-party tools to improve your surfing experience on preplounge.com. Since 1926, we have been trusted advisors to the world's foremost organizations. Kaiser Associates was founded in 1981 with a simple yet powerful mission: to help executives make more informed strategic and operational decisions by incorporating external insight and analysis. Below, well explore UK consulting salary data for different roles and companies. Boston Consulting Group (BCG) is a global management consulting firm and the worlds leading advisor on business strategy. One notable exception is finance, where salaries are higher but work-life balance is often worse. We bring the right people together to challenge established thinking and drive transformation. 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. I hear it's much lesser than what we get in UK. We interrogate a problem until we find its root. Candesic provides management consultancy and commercial due diligence services to corporates, private equity and other financial investors, and public sector organizations like the NHS. Although there is till some travel involved to clients based in Scotland (RBS, Lloyds Bank etc). McKinsey and Bain both pay 90,000. FTI Consulting, Inc. is an independent global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: financial, legal, operational, political & regulatory, reputational, and transactional. 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. 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. WTF?! Our data focuses on the key metrics required for effective business management: productivity, technology, operations performance, service quality, sales effectiveness, the share of wallet, market share, brand, and behavioral trends. Founded more than 30 years ago, L.E.K. The EY consultant salary UK at the junior consultant level Heres the potential salary growth trajectory of someone working at a top consulting firm (McKinsey, Bain, or BCG) in the U.S.: Keep in mind that most full-time hires will not make it to Partner. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. All salary figures are in U.S. dollars unless otherwise stated. But still decent pay if you compare against the general street starting pay (medicine, engineering, FTSE 100 companies). Our consultants use innovative problem-solving approaches and achieve unparalleled analytic depth. 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). We dont duck the difficult answers, we give clients the strategies they need. The focus on retail means the team has a deep understanding of this sector and of all the essential retail disciplines needed to address the challenges of retailers and brands in adapting to the new consumer era. 15 reviews 13 salaries reported. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We combine innovative thinking with unrivaled industry knowledge to deliver business consulting, digital, technology, and transformational services. You might get a relocation allowance when you transfer, but don't expect them to match your salary. The potential result? 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. The UK Consultant salary at MBB firms ranges from 90,000-93,000. 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. Your data could be accessed by law enforcement without prior public trial in court. This could be nuisance at times. We work with top executives to help them make better decisions, convert those decisions to actions, and deliver the sustainable success they desire. 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. Technology firms also compete with consulting firms for talent. Each listed company includes a short profile with useful information at one glance, such as glassdoor ratings and average salaries. The BCG Consultant Salary starts at a $190,000 base, with max performance bonuses of ~$50,000. McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. Doubt they will pay higher than that. To us, each client challenge is unique, so boilerplate solutions dont cut it. Because of that, the net income after a few years in consulting can exceed those in other industries, despite an initially lower base pay. The USA is not considered to have adequate data protection legislation. The PSC is the trading name of 2020 Delivery Limited. Were an international consulting firm, but weve never seen size as an end in itself. 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. Wow NYC salaries are significantly higher, if what you are quoting for US is correct. We transform businesses. Based in London and New York, we work with many household names and global organizations helping them to develop strategies and transform their business. We work with our clients to build the capabilities that enable organizations to achieve sustainable advantage. 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. Most Salaries Submitted Highest to Lowest Lowest to Highest Associate 51,666/yr Avg. 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.
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