Hi all
Without giving away anything too specific about yourself, how much are all the senior consultants out there being paid? Is £50k plus benefits about right?
Thinking over a job offer from a big-5 and would appreciate a frame of reference...
Thanks
J
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Jeremy,
Just checked our salary benchmarking report and the going rate is £50,300 basic salary plus an annual bonus of 14% of salary. This is based on data collected from over 1,000 consultants a couple of months' ago. For the full report, which shows the spread of earnings in each level, download the PDF file:
<a href=http://www.top-consultant.com/salary_report_2006.pdf target=_blank>http://www.top-consultant.com/salary_report_2006.pdf</a>
Hope that helps, Tony
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Thanks Tony - very helpful as usual.
J.
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The term Senior Consultant is too vague to be meaningful. In IBM the term Senior Consultant roughly equates to AD in KPMG or PwC, or Manager in E&Y, or PC in PA. Expected salary for this level would be £60 - 70, plus 15% bonus, from what I've seen
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You're absolutely right about making sure you compare like with like. In our report we had 5 levels: Junior Consultant, Senior Consultant, Project Manager, Principal / Associate Partner and Partner. So the £50,300 relates to the second lowest tier of staff - senior consultants being defined as those with 3-5 years' consulting experience.
If you move to the next level, Project Manager, then base salary is £65,500. If you download the report you'll see all the definitions and data. Rgds, Tony
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The Biggies are currently overpaying for new recruits relative to existing staff. Even though there is a perception that quality is declining, supply has become tight and the way to get people is to pay. This has led to the increased level of churn that they have within their businesses. Vicious circle?
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