How much money do consultants get paid in UK? (salaries in management consulting revealed!)
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- เผยแพร่เมื่อ 8 พ.ค. 2024
- How much money do consultants make and what is their salary in the UK? We're going to reveal how much they get paid included bonuses in England and confirming by consulting firm (MBB vs management vs strategy houses), by seniority (analyst vs manager vs director), type of consulting (strategy vs operations vs technology) and even talk about if you make more money in industry vs consulting.
Are you interested to learn how much consultants earn in the first years in consulting? What salaries can you expect in top consulting firms like McKinsey, BCG or Bain? This video provides a key consulting 101 talking about consulting salaries. You will learn how much you can earn in management consulting. I discuss salaries in top consulting firms, such as MBB consulting, in this video.
It's going to be a juicy one and if you want more videos like this, please like this video to help me merk the TH-cam algorithm! FYI, I'm currently working as a management consultant in a Big 4 company in the UK where I do strategy, proposition design and product management work.
🎬 WANT TO SKIP AHEAD?
00:00 Intro
00:31 Salary by grade
02:31 Type of firm
03:45 Type of consulting
04:56 Bonuses
06:08 Industry vs consulting firm
06:51 Freelance consulting vs working for a firm
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🙋WHO AM I?
I'm Kajol, a Big 4 management consultant working in London, UK. In my spare time, I post content to do with consulting, career success and work productivity. My aim is to help you have more happier and successful work lives.
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If you’d like to talk, I’d love to hear from you. If you want a quick response, Instagram is probably the best medium but feel free to email me too.
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👩💻 MY APPROACH TO CONTENT CREATION
All videos are based on my four years of experience working in consulting. Topics where I've had no real life experience is based on research and 1-1 interviews with consultants who have the relevant knowledge.
🤓 DISCLAIMERS
*AFFILIATE LINK: This is an affiliate link that allows you to search the items I've mentioned in this video at ABSOLUTELY no cost to you. It helps and sustains my channel - thank you for the support!
My views do not represent the views of any company that I've mentioned in my video. Please do note that if I talk about a UK consulting firm, counterparts in other countries are not always the same.
Hey Kajol, I just came across your channel and love it. This was a great video and you’re a fantastic presenter 🙌 Thanks for sharing !!
Great topic Kajol. An emotive topic especially right now with the demand for talent. The press statements of the Big 4 for poaching partners is interesting.
Great video as usual Kajol - I’ve been binging and making notes. Thank you for such useful content 🙏
Thank youuuu for watching!!
Thanks Kajol for getting into this level of detail. Really appreciate the content and I know I'll find it useful in a bit.
Thank you so much for this video❤
Brilliant as always Kajol!
Very informative and coherent, oh and beautiful. SUBBED
Google recommended this video to me! I am starting Deloitte soon as a Human Capital Consultant and am so excited. This video helped! Thank you 🙌🏾🎉
Wooo exciting!! Good luck - lemme know if you have any questions
@@KajolPhadnis I do! I will reach out to you on Linkedin x
Dear Kajol, Great video, Cheers! Need to know if Deloitte UK provide Designation based on the years of experience or based on the position you have applied for, If I have experience around 10-11 years, what should be the expected designation?
Very interesting salaries in UK compared to other locations.
Data/ BI Analysts make about same as Management consultants. After years of experience.
SO, with 3 years of experience you make around 45k but then after 5 years it could go up to 75k and if you become a consultant then 120-140k contract would is very much possible.
Insightful video, looking forward to starting my career with Deloitte within Risk and Data Analytics in September!
Wooo congrats and hope you enjoy it
Really interesting to see UK salaries!!
Hey, loving your videos. I was wondering how often do you travel for your work? xxx
Well Deloitte just told us we can work from home indefinitely if we want to but it's going to be based now by project by project :)
also thanks sooo much for watching my videos x
Thanks so much, your videos are very informative 💜
@@KajolPhadnis how much should EY business design manager ask ??
90000 GBP
If you start in deloitte as auditing... you get much much much much .... one more ...much less than 47k .
Like intern here in Israel aftar they pass the CPA exams, they get 22,390 $ a year.
But like 6 months ago Deloitte change it to : 27,055 $
Im intristing how is it in the UK or US ? ...
Like with no experience, you also get this or more?
Oh and if someone pass the cpa and go to consulting and not auditing they get like approximate 30,000 $.
🤔🤔🤔
Where I live, the differences between B4 and MBB is 4-5x, at least at the entry level
Can I get into consulting, after doing bachelor's from Calcutta University, masters in business analyst from online edtech and with 2 years experience in business?
It will be very helpful for your reply
You deserve a lot more subscribers😅
Hi,
I was wondering - do all elements of Deloitte have internal exams or is it just the accounting/finance based roles?
I think there are roles that you would not need to do exams
Hello Kajol,
What do you mean by Industry in this this context versus consulting when you are making the comparison?
Oops sorry should have explained. Industry is working for a firm outside consulting
Is this brutto or neto salary?
It is possible to move from management consulting to strategy or other forms of consulting with experience
Yep 100%
What about health care consultant in uk??
For the UK taxes, what did you mean by strategically choosing which band you want to be in?
Nice bars
Have you ever thought on working on a contract? Does the £500 per day sometimes pull you in?
It does but there's no career progression unfortunately
@@KajolPhadnis yh that's right but being on £500 outside the IR35 is a salary that's on about 100k + so it depends on if you want money or money & position 🤔
Mam how much is your salary as a consultant?
What does it mean by working in industry
it means working for a firm other than in consulting e.g. industry could be working for FAANG, Retail, Consumer Goods, Oil & Gas companies :)
Funny that when UK electricians earn £100,000 self employed 😂
you also earn the same or even more as a junior when you are just employed at a normal company, but with the difference that you get paid by a workers union tariff, have 35-40h per week, paid sabbatical, etc..
Never understood why people sacrifice their lifes to those companies
Can you explain it for the Indian office . I am going to join Deloitte as an Analyst from September 2021
Without the bonuses, it seems quite low £ per hour?
You can still probably say that for banking etc too where you're typically working till 1am
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Chinese consultants earn 4x more than Swiss consultants.
Wow what!? I thought China paid less but Hong Kong paid more
how an i become a consultant what degree should i take
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I will recommend my current trader and investment manager Mrs Lisa , she is from USA and her strategies are earning a lot of profit for me
How can someone know a professional trader and investment manager that is trustworthy when legit ones are hard to find this days
Hahaha, you don't have to be surprised, Mrs Lisa is simply the best trader and bitcoin investment manager I have ever met
same here, it's been four months I started investing with her and my profits has been consistent and impressive
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Right research, properly evaluation and success is what you want to make earnings on this steady market.
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I earned more last year because I have been investing while working at the same time. I invested through Lynne Ellen Rule, same woman that the anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed.
I also trade with Mrs Lynne Ellen, her trade strategies helped me earn $18,500 after a successful investment of $2,500
Please do you mind sharing any means of reaching out to her easily. I am really interested, i believe this is genuine.
Put on accent with desi mistakes😂😂😂 sounds weird 😢😢😢
Hey, i am from india. I have just passed 12th so u can suggest me a bachelor degree which help through the journey to become a management consultant.
Take care and have a great future....!!🤍
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That won't bother you if you trade with a professional like Mr Williams Brown
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