UK Consulting Base + Bonus Salaries?
Was wondering how comp stacks up between MBB, B4 Strategy Arms (EY/P, S&) and Tier 2 firms such as OW / LEK in the UK?
Jul 30, 2020
Trending Content - Management Consulting Forum
Career Resources
Career Advancement Opportunities
October 2026 Consulting
-
Boston Consulting Group 99.5%
-
Bain & Company 98.9%
-
McKinsey & Company 98.4%
-
Oliver Wyman 97.9%
-
LEK Consulting 97.4%
Overall Employee Satisfaction
October 2026 Consulting
-
Cornerstone Research 99.5%
-
Bain & Company 98.9%
-
Boston Consulting Group 98.4%
-
McKinsey & Company 97.9%
-
Oliver Wyman 97.4%
Professional Growth Opportunities
October 2026 Consulting
-
Bain & Company 99.5%
-
Boston Consulting Group 98.9%
-
McKinsey & Company 98.4%
-
Oliver Wyman 97.9%
-
LEK Consulting 97.4%
Total Avg Compensation
October 2026 Consulting
-
Partner (4) $361
-
Principal (30) $294
-
Director/MD (59) $274
-
Vice President (53) $245
-
Engagement Manager (114) $233
-
Manager (171) $173
-
2nd Year Associate (185) $142
-
3rd+ Year Associate (116) $137
-
Senior Consultant (355) $132
-
Consultant (642) $122
-
3rd+ Year Analyst (164) $121
-
1st Year Associate (577) $121
-
NA (16) $114
-
Engineer (6) $114
-
2nd Year Analyst (393) $104
-
Associate Consultant (176) $101
-
1st Year Analyst (1168) $90
-
Intern/Summer Associate (208) $83
-
Intern/Summer Analyst (641) $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 |
| 8 |  |
98.9 |
| 9 | |
98.9 |
| 10 | |
98.8 |
From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
I know of 2 salary points for tier 2s, which are on the upper end:
45k base+10k ish bonus+ 5-8k sign on
50k base + 10k ish bonus
Simple terms upper end is c.60k ish, think some of the Big 4 strat arms may only may 40/42 base but need to confirm.
Have you heard about S& in particular? I assume the values you are citing are for EY-P / OC&C
USD or Pound?
Friend got an offer from LEK as an Analyst and got offered 42K base, 5K as signing or "relocation" bonus and no word on annual bonus. Probably 15-20% of base.
Post-UG / MSc: £40-50k + £5-10k bonus + £5-10k signing
Post-MBA: £80-90k + £15-25k bonus + £20-25k signing
Thanks! would you happen to know if consulting firms also go down the banking route in having different grades e.g. Associate 1 / 2, with differing pay for each?
Out of curiosity can someone clarify how MBB does pay raises for Associates who joined at UG and got promoted? I've heard that they are aligned to post-MBA salaries but have also heard others say that it's a yearly incremental (so essentially Associate pay is your base pay as a BA multiplied by each year's performance rating for the 2-3 years prior)
Aligned to post-MBA
Out of UG: 50 + 5-10 Out of MBA (or promoted): 85-90 + 20-40
Sign-on and relocation bonuses variable
Does that mean that there’s pretty much a massive bump up only after the first 1-2 years in an undergrad role? Or do you see promoted salaries being less than MBA ones or something along those lines
What stage is post-MBA equivalent for internal promotions?
Is it associate consultant (aka 2/3yrs in)?
Dolorem a non quia. Quia animi soluta fuga nemo rerum. Aut voluptate iure eligendi quis. Molestiae voluptas vitae quisquam qui.
Vitae harum optio quo tempore nostrum recusandae. Minima quos voluptatem ut enim alias sed. Quam autem recusandae tempora est cupiditate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...