UK Consulting Salary Progression
What is the expected salary progression in MBB in UK?
What about work hours?
Feb 26, 2023
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Career Resources
Career Advancement Opportunities
July 2026 Consulting
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Boston Consulting Group 99.5%
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Bain & Company 98.9%
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McKinsey and Co 98.4%
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Oliver Wyman 97.9%
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LEK Consulting 97.4%
Overall Employee Satisfaction
July 2026 Consulting
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Cornerstone Research 99.5%
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Bain & Company 98.9%
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Boston Consulting Group 98.4%
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McKinsey and Co 97.9%
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Oliver Wyman 97.4%
Professional Growth Opportunities
July 2026 Consulting
-
Bain & Company 99.5%
-
Boston Consulting Group 98.9%
-
McKinsey and Co 98.4%
-
Oliver Wyman 97.9%
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LEK Consulting 97.4%
Total Avg Compensation
July 2026 Consulting
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Partner (4) $361
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Principal (30) $294
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Director/MD (58) $274
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Vice President (53) $247
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Engagement Manager (113) $232
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Manager (170) $173
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2nd Year Associate (185) $142
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3rd+ Year Associate (116) $135
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Senior Consultant (355) $132
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Consultant (642) $122
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1st Year Associate (577) $121
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3rd+ Year Analyst (164) $121
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NA (16) $114
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Engineer (6) $114
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2nd Year Analyst (391) $104
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Associate Consultant (176) $101
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1st Year Analyst (1164) $90
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Intern/Summer Associate (208) $83
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Intern/Summer Analyst (633) $68
16 IB Interviews Notes
“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”
Leaderboard
| 1 | |
99.2 |
| 2 | |
99.0 |
| 3 | |
99.0 |
| 4 | |
99.0 |
| 5 | |
98.9 |
| 6 |  |
98.9 |
| 7 | |
98.9 |
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98.9 |
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98.9 |
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From 10 rejections to 1 dream investment banking internship
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For McKinsey (TC):
Business Analyst (2yrs) - £55,000
Associate/Sr. Associate (1.5yrs) - £110,000
Engagement Manager (2-3yrs) - £150,000
Junior/Associate Partner - £210,000
This is the absolute fastest progression. In practise, it's likely to be longer if you include an MBA or secondment.
Certainly good money, but not on par with law and banking; you'll make IBD associate money in your 6th year on the job. You'll also be paid about 60% of your peers across the pond. Hours might be very slightly lower on average, but this certainly isn't a "WLB" job.
Bump, FYI see my thread https://www.wallstreetoasis.com/forum/consulting/bain-company-salary-in…
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