London consulting comp benchmarking

After 1 year in a London boutique I got promoted from Junior Consultant to Consultant, and my total comp increased from £45k to £50k per year - how does that measure up to your experience?

Context: the boutique in specialised in a specific niche, and I joined as a new graduate with little prior experience

 

One of my mates started out at Strategy& at c.50k with 5k signing bonus. He was a generalist but on the deals consulting side.

 

Here are some that i’ve collected throughout the years:

Bain: 55k
EYP: 50kAccenture Strat: 33.5k
LEK: 50k
OC&C: 54k

Source: Previous and current offer holder (intake from 2021 -2023 so it may not be the most updated salary information), friends with offer

*please correct me if you have updated details and add them to the list

 

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Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (552) $67
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