Management consulting accenture salary: Accenture Management Consultant Salary | $89K-$259K+

Accenture Management Consultant Salary | $89K-$259K+

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FAQ

What is the highest Management Consultant salary at Accenture?

The highest paying salary package reported for a Management Consultant at Accenture sits at a yearly total compensation of $236,675. This includes base salary as well as any potential stock compensation and bonuses.

How much do Accenture Management Consultant employees get paid?

The median yearly total compensation reported at Accenture for the Management Consultant role is $152,000.

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Management Consulting Salary At 12 Top Firms (2020 Update)

Let’s face it – no matter what you say in a consulting interview, those six-digit salary figures are quite tempting; so in this article, let’s explore and compare the salary of management consultants at 12 top consulting firms, including McKinsey, BCG, Bain (Big 3), the Big 4 firms and Accenture.

How much do management consultants make?

At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. Project leaders/managers are typically paid $200,000-$250,000. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000.

In this article, we’ll explore the salary and bonuses for the following 12 consulting firms:

•MBB (Big Three firms): McKinsey, BCG, Bain

•Big Four firms: Deloitte, KPMG, EY, PwC

•Other firms: Accenture, AT Kearney, LEK, Oliver Wyman, Booz Allen Hamilton

McKinsey & Company consulting salary

McKinsey salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.

McKinsey Analyst salary (Undergraduate/Entry-level)

•Base: $88,000 (Canada: CA$82,000, UK: £45,500, India: ₹1,635,000, China: ¥290,000)

•Performance Bonus: up to $15,000 (UK: £5,000, India: ₹450,000)

•Profit Sharing: up to $10,000 (China: ¥48,000)

•Retirement: 7% annual contribution every year to 401K plan

•Signing Bonus: $5,000 (UK: £3,000)

•Relocation: $2,000-10,000

•Total Annual Salary: up to $113,000

McKinsey Associate salary (MBA/Experienced-level)

•Base: $168,000 (UK: £84,000) (China: $116,000)

•Performance Bonus: up to $35,000

•Profit Sharing: up to $30,000

•Retirement: 7.5% into 401k

•Signing Bonus: $30,000

•Relocation: $2,000-9,000

•Total Annual Salary: up to $233,000

McKinsey Engagement Manager salary (Manager-level)

•Base: $175,000

•Performance Bonus: Up to $77,000

•Profit Sharing: $30,000

•Total Annual Salary: up to $282,000

McKinsey Associate Partner/Partner/Director salary (Partner-level)

•Base: $572,000 – $1,000,000

•Performance Bonus: Up to $252,000 – $300,000

•Total Annual Salary: up to $1,300,000

Boston Consulting Group (BCG) salary

At BCG, junior Associates earn around $90,000 to $110,000 per year, while the more senior Consultants can earn up to $215,000. Project Leaders has an even higher income – around $200,000-$260,000, while Principals and Partners top the scale at $1,150,000.

BCG Associate salary (Undergraduate/Entry-level)

•Base: $90,000 (UK: £71,000, India: ₹1,600,000)

•Performance Bonus: up to $18,000 (UK: £6,000, ₹300,000)

•Profit Sharing: up to $4,500

•Retirement: Profit-sharing deposited into 401k account

•Signing Bonus: $5,000 (UK: £3,000)

•Relocation: $5,000-8,000

•Total Annual Salary: up to $112,500

BCG Consultant salary (MBA/Experienced-level)

•Base: $165,000 (UK: £90,000) (Australia: A$160,000) (China: ¥700,000)

•Performance Bonus: up to $41,500 (UK: up to £25,000) (Australia: up to A$61,500)(China: ¥260,000)

•Profit Sharing: up to $9,000 (China: up to ¥200,000)

•Retirement:$10,000 into 401k (UK: up to 9% match) (Australia: A$16,000)

•Signing Bonus: $30,000 (UK: £15,000) (Australia: up to A$40,000)

•Relocation: $2,000-8,000 (Australia: up to A$7,500)

BCG Project Leader salary (Manager-level)

•Base: $178,000

•Performance Bonus: Up to $60,000

•Profit Sharing: $28,000

•Total Annual Salary: up to $266,000

BCG Principal/Partner salary (Partner-level)

•Base: $600,000-850,000

•Performance Bonus: up to $300,000

•Total Annual Salary: up to $1,150,000

Bain & Company salary

Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. Case Team Leaders can make up to $242,000 per year, while Managers, Partners and Principals may earn as much as $1,000,000.

Bain Associate Consultant salary (Undergraduate/Entry-level)

•Base: $90,000 (UK: £65,000, Canada: CA$80,000, China: ¥310,000, India: ₹1,800,000)

•Performance Bonus: up to $22,500 (UK: £6,000, Canada: CA$10,000, China: ¥50,000, India: ₹200,000)

•Profit Sharing: up to $10,000 (Canada: CA$5,000)

•Retirement: 4.5% of base + bonus into 401k, no contribution required

•Signing Bonus: $5,000 (UK: £3,000)

•Relocation: $5,000

•Total Annual Salary: up to $122,500

Bain Consultant salary (MBA/Experienced-level)

•Base: $165,000 (UK: £86,000, Canada: CA$160,000, India: ₹3,500,000, Germany: €103,000)

•Performance Bonus: up to $41,250 (UK: up to £20,000, India: ₹770,000, Germany: €25,000)

•Profit Sharing: up to $20,000 (UK: £6,000, Canada: CA$20,000)

•Retirement: 401k contribution up to $8,000 (UK: £10,000)

•Signing Bonus: $30,000 (UK: £15,000)

•Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles

•Total Annual Salary: up to $226,500

Bain Case Team Leader salary (Manager-level)

•Base: $175,000

•Performance Bonus: up to $37,000

•Profit Sharing: $30,000

•Total Annual Salary: up to $242,000

Bain Manager salary (Manager-level)

•Base: $185,000

•Base: $185,000

•Profit Sharing: $40,000

•Total Annual Salary: up to $285,000

Bain Principal/Partner salary (Partner-level)

•Base: $400,000

•Performance Bonus: $400,000-600,000

•Total Annual Salary: up to $1,000,000

Deloitte Consulting salary

Deloitte junior consultants have a maximum annual salary of $98,000, with $85,000 as base. Senior consultants can make up to $201,000 per year.

Deloitte Analyst salary (Undergraduate/Entry-level)

•Base: $85,000

•Performance Bonus: $13,000

•Retirement: 25% match for the first 6% of individual contributions in 401k

•Signing Bonus: $12,500

•Total Annual Salary: up to $98,000

Deloitte Consultant salary (MBA/Experienced-level)

•Base: $160,000 (Toronto: C$105,000) (Calgary: C$100,000) (Mexico City: MXN700,000)

•Performance Bonus: up to $41,000 (Mexico City: up to MXN35,000)

•Retirement: 25% match of first 6% into 401k (a total of 1.5%)

•Signing Bonus: $30,000 ($20,000 contingent on signing early) (Canada: C$15,000)

•Relocation: up to $10,000

•Total Annual Salary: up to $201,000

KPMG Consulting salary

KPMG junior consultants have a maximum annual salary of $83,000, with $75,000 as base. Senior consultants can make up to $185,000 per year.

KPMG Analyst salary (Undergraduate/Entry-level)

•Base: $75,000

•Performance Bonus: up to $8,000

•Retirement: up to $7,500

•Signing Bonus: up to $2,000

•Total Annual Salary: up to $83,000

KPMG Consultant salary (MBA/Experienced-level)

•Base: $160,000

•Performance Bonus: up to $25,000

•Retirement: Match 50% (2.5%) if deposit 5% + pension contribution

•Signing Bonus: up to $45,000

•Relocation: up to $5,000

•Total Annual Salary: up to $185,000

PwC Consulting salary (Strategy&)

PwC junior consultants have a maximum annual salary of $108,000, with $90,000 as base. Senior consultants can make up to $185,000 per year.

PwC Associate salary (Undergraduate/Entry-level)

•Base: $90,000

•Performance Bonus: up to $18,000 (20% of base)

•Signing Bonus: $5,000

•Signing Bonus: $5,000

•Total Annual Salary: up to $108,000

PwC Senior Associate salary (MBA/Experienced-level)

•Base: $150,000

•Performance Bonus: up to $35,000

•Retirement: 25% match up to 6%; 1% immediate separate contribution

•Signing Bonus: $30,000 (paid at start of work)

•Relocation: up to $2,000

•Total Annual Salary: up to $185,000

EY consulting salary (EY-Parthenon)

EY junior consultants have a maximum annual salary of $101,000, with $92,000 as base. Senior consultants can make up to $180,000 per year.

EY Associate salary (Undergraduate/Entry-level)

•Base: $92,000

•Performance Bonus: up to $9,000 (10% of base)

•Signing Bonus: $10,000

•Relocation: up to $2,000 (local)

•Total Annual Salary: up to $101,000

EY Senior Associate salary (MBA/Experienced-level)

•Base: $170,000

•Performance Bonus: up to $10,000

•Signing Bonus: $35,000

•Relocation: up to $2,000

•Total Annual Salary: up to $180,000

Accenture consulting salary

Accenture junior consultants have a maximum annual salary of $113,000, with $87,000 as base. Senior consultants can make up to $200,000 per year.

Accenture Analyst salary (Undergraduate/Entry-level)

•Base: $87,000

•Performance Bonus: up to $26,000 (30% of base)

•Retirement: 6% match for 401k after 1st year

•Signing Bonus: $12,500

•Relocation: up to $5,000

•Total Annual Salary: up to $113,000

Accenture Consultant salary (MBA/Experienced-level)

•Base: $155,000 (Canada: C$135,000) (UK: £83,000)

•Performance Bonus: $30,000 + $15,000 for top performers (UK: £10,000)

•Retirement: 6% match for 401k after

•Signing Bonus: $35,000 + $17,500 early sign on for returning interns (Canada: C$25,000) (UK: £31,500)

•Relocation: up to $10,000

•Total Annual Salary: up to $200,000

Other consulting firms salary

AT Kearney consulting salary

Booz Allen Hamilton consulting salary

Oliver Wyman consulting salary

LEK consulting salary

Comparing management consulting salary

There are a gap in consultants’ salaries among management consulting firms. Overall, the Big Three (MBB) companies pay their consultants more generously due to the larger scale of their consulting projects.

Salaries when exiting management consulting

Short answer: You get a raise when you quit the job.

And here’s the long answer:

Even though management consulting is among the best-paid jobs, with a few years of experience, you will receive even higher-paying offers from outside the industry – typically ranging from +20% to + 50%, but sometimes as high as +100-200%!

This is the exact reason so many people willingly exit the industry within the first few years, but at the same time, it explains why management consulting is so attractive – those learning opportunities will catapult your career and your salary sky-high!

5 top-tier consulting services in high demand (updated)

Management consulting services are the most sorted among consulting categories.

According to Statista, the number of people employed in management consulting in the US has been growing every year for the past five years. In 2018, there were approximately 684,470 management consultants in the US.

But many people get stuck trying to choose a career in management consulting. So, I have selected 5 top management services that are in high demand.

Trust me, narrowing down to five options will help you make the best career choice.

Management consultants, however, are considered among the highest paid people in the world, which also makes them overly competitive.

So below are the top management consulting services you can choose from. However, let’s start with the basics.

What is management consulting services?

Simply put, management consulting is the process of helping firms improve their performance. So what is the role of a management consultant? Management consulting services include the following;

Strategic planning is the process of creating a roadmap to guide an organization’s strategic initiatives. It often focuses on business requirements and the ability of IT solutions to meet those requirements. Ultimately, strategic planning leads to practices that improve operational efficiency, market response, and customer value.

Successful planning:

This is a continuous and forward-looking process used in organizational development to define a concrete approach to achieving the organization’s mission, initiatives and goals through its people. To maintain leadership continuity in critical roles, the process includes assessing future staffing needs, identifying core competencies, and assessing, developing and retaining a skilled team.

Organizational Development:

The development of internal resources (people, staff) and internal procedures (strategies, business processes) to support the organization’s mission and goals is known as organizational development.

In business, organizational development, and consensus decision making, facilitation refers to the process of planning and leading a successful meeting. Any group that meets to achieve a common goal, such as making a decision, solving a problem, or simply sharing ideas and information, can benefit from facilitation.

Organizational change management:

Organizations must embrace change in order to compete. Organizational Change Management (OCM) focuses on the “human side” of change. Poor management of this process often results in poor implementation, inefficiency, and ultimately project failure.

These services help your company identify and implement areas for improvement and provide the best solutions for your resources and capabilities. Our solutions enable your resources to deliver value in line with your organization’s goals and objectives.

5 senior management advisory services

#1. Risk and Compliance Advisory

With Risk and Compliance Advisors, organizations and companies can comply with federal regulations, laws, ethics and standards without stress.

This is achieved by building company policy around these federal laws to prevent and detect any violations such as abuse, discrimination, or fraud. So, in turn, these policies end up protecting companies and organizations from lawsuits and fines.

In addition, they are also working to develop training courses and programs to ensure maximum compliance with these policies.

But to be effective in this capacity, risk and compliance consultants must have extensive knowledge of company/organization management.

However, among other things, an R&C consultant must have a bachelor’s degree and some other qualifications such as a Master of Business Administration (MBA) or a Certified Public Accountant (CPA).

See also: 5 TYPES OF BUSINESS CONSULTANTS USED IN HIGH DEMAND

No. 2 Operations Management Consulting

Like other consultants in management consulting services, operations consultants are problem solvers. In addition, operational processes are the backbone of companies and enterprises as they cover topics such as:0059 Outsourcing

Which are very important for the stability of any business.

But businesses are constantly looking for ways to optimize their operational processes. This is where operations consultants come into play.

The job description of an operations consultant starts with developing ways to improve quality, improve efficiency, reduce costs, and so on. However, in certain scenarios, such as economic downturns and technology adoption, operations consultants step in to provide professional advice on significant changes to a company’s operating processes. This exceptional factor is the reason why they are close companions of senior business leaders.

Conversely, in addition to advising, operations consultants are also involved in the implementation of these proposals.

No. 3. Financial consulting

Financial decisions are very important for running any business. Businesses must always make informed decisions about their investments, taxes, insurance, and day-to-day expenses.

Managing your finances and having to make all these decisions can be daunting. So instead of going through all the stress, business owners turn to this management consulting service to get the job done.

In addition, Financial Advisors are developing tools to guarantee their employers:

• Achieve financial independence in retirement
• Improve cash flow in your business to accelerate growth
• Take advantage of investment opportunities such as bonds, stocks and real estate.

But this can only be achieved by working closely with a network of other financial advisors such as accountants, insurance brokers and lawyers.

See also: 10 TOP SKILLS IN MANAGEMENT CONSULTING USED IN HIGH DEMAND

# 4.

Strategic Management Consulting

Strategic Management is the foundation for growth in any business. This is the highest level of decision making, which is responsible for moving the company to the next level. This makes it one of the top 5 management consulting services.

Strategic management includes the development of strategies for:

• Realize long-term visions and trajectories,
• Dedicate resources to this goal and
• Make professional decisions about leaving or keeping certain portfolios.

However, these consultants are the brains behind the success of any of them. But to excel in this area, you need to be perfect at data analysis.

# 5.

HR Consulting

Human Resources consulting is number five on my list of top executive consulting services. Businesses will always need to manage their employees to ensure long-term success. So, personnel consulting covers:

• Training and Development
• Employee Engagement and Satisfaction
• Conflict Resolution
• Employee Benefits and Pensions
• Talent Mobility

Essentially, HR consultants strive to make the most of their people. They also demonstrate versatility in areas such as accounting, information technology, finance, labor law, and marketing, which allows them to understand how best to address various HR issues.

Conversely, the qualification includes a bachelor’s degree in Human Resources/Business Administration. Plus a specialist certificate from institutions such as HRCI (Human Resource Certification Institute)

Conclusion

That’s it; a list of the most requested consulting services for top managers. But note that this list is not in any particular order.

Frequently asked questions about management consulting services

What services do management consultants provide?

Management consultants offer industry leadership, advice and functional experience in areas such as strategy, mergers, management, reorganization, organizational structure, strategic leadership, operations, finance, risk management, digital transformation, information technology and organizational change management, among other things.

How much do management consultants earn?

Management consultant salaries in the US vary by experience and role. Starting at the bottom, top consulting firms pay new graduates (undergraduates) an average base salary of $83,500 to $12,000. Their performance bonuses range from $18,000 to $5,000, plus a $5,000 signing bonus.

What do HR consultants do?

The job of an HR consultant is to help manage human resources and provide the necessary support by developing systems and policies that improve productivity, efficiency, communication and morale among employees.

What does management consulting include?

Management consultants help businesses solve problems, improve corporate performance, create value, and maximize growth. Management consultants work on a variety of projects including e-business, marketing, supply chain management and business strategy.

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