Salary for consultant: Management Consultant Salary Report | 2023 Consultant Salary

Pay scales for consultants in England

The tables below list the basic pay scales for consultants in England, and the number of years of service needed to be completed by a consultant to be eligible for each point of the pay scale.

View the full pay circular

Consultants on the 2003 contract

Consultants on the pre-2003 contract

Clinical excellence awards 2021 (existing LCEAs)

2021 local clinical excellence awards (LCEAs)

The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at £3,092.

This figure is used to determine an NHS employer’s funding commitment for their LCEA round in a given year. It does not mean that awards granted in that round will necessarily be of this value – this may vary depending on your employer’s agreed LCEA policy.

Further information

Bronze – platinum awards are awarded nationally by the advisory committee of CEAs (ACCEA).

Existing LCEAs (those awarded prior to 1 April 2018) for levels 2 – 9 are multiples of the Level 1 award (x2, x3, x4, x5, x6, x8, x10 and x12).

Details of discretionary points, distinction awards and intensity supplements are available in the pay circular above.

Doctors appointed before 2003 who are on new contracts
will be able to find their pay scales in the pay circular above, annex A, section 8.

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Here’s how much you’ll make at McKinsey, Bain and BCG in the U.S.

The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. 

The 2021 salary report from industry coaching firm Management Consulted shows that salaries at the top three firms – McKinsey, Bain and Boston Consulting Group (BCG) – known collectively as MBB, remained flat compared with 2020. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. 

Until this year, however, pay at the big consulting firms had been climbing. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms.  Tech firms haven’t gone away, so consulting firms have taken measures to soften the blow of stagnant pay. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K.), and one-time work-from-home bonuses have become more common.

Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. The figures are drawn from Management Consulted. 

Undergraduate hires

Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020.  The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000.

While MBB firms froze salaries, they offered other perks, and there are some differences here.  Bain offers relocation of $5,000, a housing allowance of up to $5,000 along with 20 days paid time off (PTO) vacation per year.

BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO.

McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year.

MBA/PhD hires

For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running.

Again, there are some nuances when it comes to perks for MBA and PhD hires. 

McKinsey was a bit more generous with retirement assistance, setting aside 7.5% of salary for an employee’s 401k.  BCG held its  retirement contribution a $10,312, after a big hike in 2019 – while Bain has kept its contribution steady at $8k.

There is also some variance over the size of relocation packages, with Bain being the most generous.  It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. McKinsey also offers to pay 50% of MBA tuition for returning interns.

Overall, if you want to work for the top three consulting firms then there’s not much in it. 

Download our full salary and bonus survey here. 

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Average salary of a HR consultant

Posted on 2023-02-16 13:21 by by HR-Portal Magazine

The average salary for an HR consultant is $64,008 in the US, according to Glassdoor. According to Payscale, the average HR consultant salary is slightly higher at $67,591. Their combined median salary is $65,799. The top 10 percent of HR consultants make over $100,000, while the bottom 10 percent earn less than $44,000. In consulting firms, HR consultants can receive additional remuneration in the form of bonuses.

How much do HR consultants get paid?

Career Opportunities

HR consultants with less than five years of experience earn an average of $60,000 according to Payscale. Mid-career, their salary rises to $71,000. In their first decade as experienced HR consultants, they earn $81,000, and after 20 years, their average salary can reach $94,000.

If HR consultants work for consulting firms, they, usually report to lead HR consultants. After several years of work, they can become leading consultants. In other situations, they may move to the position of Human Resources Manager or Director of Human Resources. Benefits Manager is another, though less common, career path.

Highest paying cities in the US

• Los Angeles: $96,553 90,024
• San Francisco: $93,273
• Houston: $75,543
• New York: $73,697
• Minneapolis: $73,697

Job Description & Interview Questions

The job description of an HR Consultant is to advise on HR matters and implement HR initiatives. These initiatives may relate to various HR functions such as organizational development, compensation and benefits, or talent management. HR Consultant Interview Questions should be designed to reflect all aspects of the HR Consultant’s responsibilities.

Skills & Qualifications

An HR consultant’s qualification usually consists of a university degree and work experience. In addition to a deep knowledge of HR functions, the key skills of an HR consultant are project management, organizational change and analysis.

Heading:

• Recruitment

Keywords:

• Labor market

Author:

• Nikoletta Bika

Source:

• workable. com

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Category: Media, journalism, advertising and PR

Profession of the future

A media consultant is a specialist who creates a positive image of a person, company or brand using the media. When working with clients, the media consultant makes every effort to create an attractive sustainable image, thus ensuring the long-term success of the company in the market. The specialist bears a huge responsibility. A media consultant should be able to defend his point of view, citing strong arguments as an example. Such work is suitable for active and purposeful people.

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About the profession

Universities 180

Colleges 103

Which exams to take 9 0005

Salaries: how much does a media consultant get

Experienced: 50000 ₽ per month

Professional: 70000 ₽ per month

Salary in a particular region or company may differ from those given. Your income is greatly influenced by how you can apply yourself in the chosen field of activity. Income is not always limited only by the fact that you are offered vacancies in the labor market.

Demand for the profession

The profession of a media consultant became in demand with the advent of the publicity of large companies. The media sphere itself is quite a profitable, interesting and providing an opportunity for development and growth in the workplace. Such specialists may be required by a wide range of organizations and individuals. Among the list of clients may be, for example, politicians, businessmen, show business stars. Consultants are simply indispensable for developers and sellers of real estate, the production of cars, equipment, medical products, where reputation is of paramount importance, and negative media coverage can result in multimillion-dollar losses.

For whom the profession is suitable

The profession is suitable for people with the following qualities:

• Organized;
• Ability to improve oneself;
• Developed creative abilities, the ability to think outside the box;
• Analytical mindset;
• Attention to detail.

Career

This is a completely new profession. A person planning to become a media consultant must be prepared for overtime work, as well as a low salary at the start of a career. However, there is always room for development and growth.