M&A Consulting market - London v.s. U.S

tehoriginal's picture
Rank: Gorilla | 563

All,

I'm studying for the GMAT at the moment and once I finish I'm looking to go to London or U.S (Irvine, CA/ New York/ Dallas/ Chicago are my options). I would take a couple of months off between roles to further prepare for the GMAT.

My line of work:
M&A consulting in a Big 4, with a specialised focus (think 'specialised subject matter' Due Diligence, integrations, separations, synergy, operating model type work)

In terms of legal status:
My home country is Australia.
I have an Irish passport, so travel options across UK (for now) and Europe are easier than my options for the U.S, as my firm isn't sponsoring for vacancies they're trying to fill. I am, however, trying to get my family green card through my sibling - a U.S citizen.

In terms of the market appetite, Big 4 work culture and consulting salary I know the following:
US
- Salary: minimum $150k USD for my level
- Travel expectations: frequent/ all the time
- living expenses: lower than London, but higher than current arrangements
- culture: fairly tough / little work-life balance from anecdotal information

London - I know nothing about

Anyone care to provide some insight into the markets within this field?

Comments (9)

May 17, 2018

For London:

Salary - Depends on your level (which you haven't disclosed) but Big 4 salaries are found on the WSO database (e.g. PwC Senior Associate M&A is PS52K).
Travel Expectations - Not sure but I would suspect less frequent then MBBs (although someone is more than welcome to correct me) because London is the central hub and other satellite offices might travel more
Living Expenses - higher than the US cities mentioned except NYC.
Culture - Nice with a decent work/life balance. Better than the US

    • 1
May 17, 2018

Thanks for the respsonse @G-I the pharma guy.

Role is Manager or AD

May 17, 2018

Salary would probably be between PS100K-150K. Still good for London.

May 17, 2018

Disagree with the above, this is way overstated. In London big 4 consulting manager would make PS55-80K (depending on the experience and which Big 4) with AD/Senior Manager around PS80-110K.

May 17, 2018

I took a better look at the WSO database and I agree with Johnny. Revised estimate is PS80-110K

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Most Helpful
May 17, 2018

I've spoken with 3 of the Big 4 re: M&A consulting and this is what we have generally discussed and they are generally standard across each other:

  • Manager salary is ~$130-140k but total comp could be $150k+ (note that this doesn't get you shit in NYC and doesn't go far anywhere else but Dallas)
  • I can tell you for a fact that Irvine would not be an option and all would require you to be based out of their LA offices; I am currently based in SD so this is something which was specifically discussed; NYC or CHI would be an option and I did not inquire about Dallas
  • Your travel expectations are correct
  • Culture, I didn't ask about their M&A groups specifically but was previously at a B4 and it was whatever as long as you are a highly motivated individual
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May 18, 2018

Thanks mate.

If it helps, I do Integration/ Separation type consulting (tech focus)
$130k USD yeah? So approximately 95k+ Quid

I'm more interested in international travel if this is more likely with the UK

What's your view on doing a secondment versus transfer (resigning then starting up full employment)?

May 18, 2018

From my Big 4 experience, you are more likely to travel internationally (Europe wise) from the UK office rather than the US where you travel will be mostly within the country (but sometimes to very remote places). At the same time, consulting salaries in the UK are significantly lower than in the US.

May 18, 2018
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