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Tony Restell - More details on Salary survey

 
#1 Tony Restell - More details on Salary survey
17/02/2006 11:54

John P

Hi Tony,

Thanks for the 2006 Salary survey. It was a good job.

My build would be if it is possible to add to the report the following:

- An explanation of the graphs on the "Key data and stats" pages. The graphs are all titled " 'X' Consultants - Basic Salary (£s)". I think it is pretty much difficult to understand the % axis of the graph.

- An explanation of the Average Bonus (all respondents) and Average Bonus (for those that received bonus). The latter is self-explanatory but does the former mean the average bonus the consultants were entitled to?

- Could you also please least the companies and the number of employees from each company for each grade based on your survey respodents?

E.g.

Junior Consultant:

Company No of respondents.

Accenture 38

PA Consulting 25

Mckinsey 19

IBM 41

Serco 2

.......

Senior Consultants

Company No of respondents.

BCG 8

Atos Consulting 27

Mckinsey 14

AT Kearney 15

Deloitte 50

.......

I think this would improve the transparency.

Thanks.

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#2 Re: Tony Restell - More details on Salary survey
17/02/2006 11:59

Shurely shome mishtake....

"My build would be........." Your "build"?? What are you on about??

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#3 Your questions answered...
17/02/2006 14:08

Tony Restell (Top-Consultant.com)

John - thanks for the observations and let me answer your points so you can get as much from the report as possible.

i) the graphs are distribution graphs, so they allow you to see what the salary distributions were for those that were say in the top 10% of earners in each grade. We provided figures for the top 20% in each rank, the bottom 20% and the middle 60% - but for some ranks (especially Partners!) the range of earnings in the top 20% is extreme indeed, so this graphical representation allows you to see exactly how the salary responses were distributed. It also means you can plot your own salary and say "OK I'm paid in the top 24% of all salaries paid to consultants at my level"

ii) on the bonuses question, the issue was that for some grades there were sizeable proportions of that grade that received no bonus this year. So if you look at the Junior Consultants rank, 45% of respondents received no bonus. We wanted to distinguish between what was the average bonus that all consultants got at this level (with the average dragged down considerably by the 45% who got a zero bonus) and the average bonus of just those consultants that received a bonus - in the case of the Junior Consultants, the average of the bonuses paid to just the 55% of respondents who did get a bonus.

iii) we didn't include employer details for each level because we didn't feel it would add a great deal to the findings. Either you have to show figures company by company; or you show an average for the industry. There are not enough data points to show reliable figures per firm (and certainly we would incur the wrath of the firms if we published this highly sensitive info!!). I think it would be fair to say that our readership - and the responses to this survey - are a good subset of the consulting industry itself. We've got many times more readers & respondents from the full service global firms like Accenture, Deloitte, IBM, etc. than we have readers & respondents from Bain or BCG. So the results are more representative of what these global brands would pay than what the top strategy firms might stretch to. But then of course different parts of Accenture will pay much more than other parts of Accenture - again making the value of a company segmentation of limited value unless you break down by practice area as well (not enough data).

Hope that helps anyway - and that the first two points help you to understand the findings as we intended them to be understood.

Tony

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#4 Re: Your questions answered...
17/02/2006 16:20

John P

Thanks, Tony, for the response. It was fantastic.

Could you just please give a rough guide (preferably by each of the grades in the survey) the ratio of the respondents across firm types.

- Rank

Full service respondents: Strategy and niche respondents: other respondents

E.g.

- Junior Consultant

240: 10: 18

- Senior Consultant

180: 8: 43

.....

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#5 Re: Your questions answered...
17/02/2006 16:34

Tony Restell (Top-Consultant.com)

John - we don't have this info compiled by rank I'm afraid, so not something I can provide an instant answer to. Tony

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#6 Re: Your questions answered...
17/02/2006 17:07

John P

Thanks, Tony.

Do you have it for all respondents? That ratio would be just fine.

Much apreciated

Cheers.

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#7 Re: Your questions answered...
17/02/2006 17:38

exp cg

Thanks Tony for the great survey!

Reg. higher ranks-PM and above- what does basic salary mean? Incl. car allowance?

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#8 Re: exp cg
20/02/2006 08:09

Tony Restell (Top-Consultant.com)

Basic salary is just base £ salary, not including perks. We did at the time also collect data on perks that consultants enjoy as part of their salary, but the variations weren't that great - so we just focused this report on base salaries and bonuses, which is where the great discrepancies lay. Hope that helps, Tony

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#9 RE: exp cg
28/07/2006 14:42

John P to Tony Restell (Top-Consultant.com) (#8)

Tony Restell, sorry to revisit this.

I can understand you are doing all to prevent identifications of firms in your survey but could you just please give a rough guide (preferably by each of the grades in the survey) the ratio of the respondents across firm types.

- Firm Type

Full service respondents: Strategy and niche respondents: other respondents

E.g.

- Junior Consultant

240: 10: 18

- Senior Consultant

180: 8: 43

This will aid better understanding of the average salary in the type of firm one is in.

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#10 RE: exp cg
31/07/2006 08:39

Anon to John P (#9)

Dear Tony,

This might be a stupid question: i just cant find the salary survey you are talking about. Where is it, please?

Thanks.

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#11 RE: exp cg
31/07/2006 09:00

Tony Restell (Top-Consultant.com) to Anon (#10)

Re. where you can find the 2006 salary report, it's a downloadable PDF which you can get from:

<a href=http://www.top-consultant.com/salary_report_2006.pdf target=_blank>http://www.top-consultant.com/salary_report_2006.pdf</a>

As to providing a further breakdown of respondents (requested elsewhere in this thread), I'm afraid the survey data is now archived and so this is not something I'm able to easily provide.

Tony

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