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Salary trends in UK consulting market?

 
#1 Salary trends in UK consulting market?
29/04/2002 00:00

Andrew

With redundancies and bad financials predominating in the consulting press these last months, would any fellow consultants care to shed some light on what salary rises/ bonuses you have seen within your organisation this last year? Would be great to get enough responses to have a representative sample... or does anyone know of any surveys where I can learn how I'm faring in the current market?

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#2 Re: Salary trends in UK consulting market?
30/04/2002 00:00

Consulting geek

well it varies a lot.... depending on a few imp things

1. which consulting firm (the B&M's, IT, Big 5 etc)

2. Work experience (# yrs) - and level

3. If a recent grad - school..etc

4. Location, Location, Location

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#3 Re: Salary trends in UK consulting market?
01/05/2002 00:00

ARK

Try the following website:

http://www.insidecareers.co.uk/__802569A40056CC0D.nsf/frames?openframeset

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#4 Re: Salary trends in UK consulting market?
01/05/2002 00:00

none

KPMG LLP - they still have a consulting arm although they cal then the Information Risk Management Group (recently changed named to RAS - Risk Advisory Services) is hurting real bad. They are letting go of a lot of people. They focus work on information security and one would think they would be doing very well - not the case - specially the US-southwest region - no projects period. this comes from top management which has not been able to generate any business and a current ratio of 1:1 in managers to to staff. Needless to say they will be giving out no bonus and no salary increases and are rather comtemplating a salary reduction.

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#5 Re: Salary trends in UK consulting market?
02/05/2002 00:00

anon

PA Consulting hasn't seen any consultant redundancies. Pay rises for high performers were limited to about 8% (normally up to 15%) and bonuses in profitable practices for non-partners were as high as 100% of basic (average about 40%)

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#6 Re: Salary trends in UK consulting market?
02/05/2002 00:00

Best not recorded

Did I misunderstand or is someone alleging that salaries can go up as well as down? And what ARE the 'bonus' things?

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#7 Re: Salary trends in UK consulting market?
02/05/2002 00:00

cgey

general pay freeze, although limited pay rises (4%) for high performers.

as much as a reflection of the state of our business as the market

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#8 Re: Salary trends in UK consulting market?
02/05/2002 00:00

Consultant to sell soul for raise

Didn't do too badly last year (think circa + 25%). In fact have rather enjoyed (in a morbid/sadistic sort of way) watching Accenture grads (and the rest of the big 5/ IT industry) suffer. For those of us in medium sized consultancies with specialist focus the past year has been great.

No longer do I have to put up with recently graduated MBA students who understand very little about the business of consultancy when I am at a client site. Life is certainly becoming smoother (in terms of demand across the year), but is requiring a lot more effort/innovation.

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