Salary Benchmarking Report 2015

[Pages:24]Salary Benchmarking Report 2015

A comprehensive study of remuneration levels within the Management Consulting sector

Sponsored by

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CONTENTS

INTRODUCTORY REMARKS

OUR SPONSOR

SURVEY DEMOGRAPHICS

? Introductory remarks ? The Demographics of the Survey's Respondents and Top-'s Consulting Readership ? Commentary provided by Mindbench ? Overview of Consulting Salaries and Trends ? Salary Benchmarking Data: 2015 vs 2013 vs 2011 vs 2009 vs 2007 ? Salary levels by Seniority and Type of Consulting

Junior Consultants Senior Consultants Managers Senior Managers/ Principals Partners ? About our sponsors ? Contact us

Longdene House, Haslemere, Surrey GU27 2PH ?2015 Top-. All rights reserved.

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CONTENTS

INTRODUCTORY REMARKS

OUR SPONSOR

SURVEY DEMOGRAPHICS

This is the fifth edition of this biannual report and is built on data gathered from thousands of respondents. Thanks to all those who contributed.

The report includes basic salary, bonus levels and benefits individually reported by level of seniority across the management consultancy profession, with break-out data for different areas of consulting. Continuing the format of previous reports, this year's findings are compared closely with results from previous surveys to better illustrate the changes to reward that practicing consultants have faced through the recession and in the growth years since then.

and we ourselves have seen this reflected in the number of consultancies who've been returning to Top-Consultant over the last year. Within this context, the findings of this salary report are particularly interesting in that they show how remuneration strategies have been adapted to counter a market in which making hires ? and retaining staff ? have become increasingly weighty problems to manage.

I hope you find this an interesting and useful resource.

This is the most buoyant hiring market that we have seen for nearly a decade (as evidenced in this year's `Management Consultancy Recruitment Channel Report')

Bryan Hickson ? Managing Director Top-

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CONTENTS

INTRODUCTORY REMARKS

OUR SPONSOR

Mindbench

the leading specialist recruitment firm for management consultancy



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SURVEY DEMOGRAPHICS

Longdene House, Haslemere, Surrey GU27 2PH ?2015 Top-. All rights reserved.

CONTENTS

INTRODUCTORY REMARKS

OUR SPONSOR

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SURVEY DEMOGRAPHICS

The Demographics of the Survey's Respondents and Top-'s Consulting Readership

592 responses for this survey were collected during August and September of 2015, adding to the thousands of data points we've previously collected that allow us to show compelling trend data for the sector.

Respondents' Profile

Conducting this survey has allowed us to collect demographic data about our readership that may be of great interest to recruiters seeking to attract consulting staff through Top-. Of note is the fact that 89% of the respondents are currently employed as Management Consultants and the results presented in this report are based on the data submitted only by those who are currently employed within the profession and excludes data from those looking to move into consulting.

Whilst most responding consultants were from the fullservice global brands such as Accenture, Deloitte, EY and PwC, niche and top-tier firms such as McKinsey & Company, Strategy&, PA Consulting and Towers Watson were also represented.

As job titles through the consulting profession vary depending on the employer, for clarity we use the following definitions throughout the report:

Junior Consultant ? 1-3 years' consulting experience

Senior Consultant ? 3-5 years' consulting experience

Manager

? 5-9 years' consulting experience

Principal

? 9-12 years' consulting experience

Partner

? no definition required!

Longdene House, Haslemere, Surrey GU27 2PH ?2015 Top-. All rights reserved.

CONTENTS

INTRODUCTORY REMARKS

OUR SPONSOR

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SURVEY DEMOGRAPHICS

The Demographics of the Survey's Respondents and Top-'s Consulting Readership

Seniority

It is interesting to record that Top-'s reach is significant into all levels of seniority.

Partner, 28%

Junior Consultant / Consultant, 9%

Senior Consultant,

12%

Senior Manager / Principal,

34%

Manager, 17%

Consulting Type

We asked respondents to identify the primary type of consulting work that they undertook, giving interesting insights into the types of consultants recruiters can reach through Top-.

HR Consulting, Outsourcing, 2% 4%

Technology, 14%

Business Process Improvement, 13%

Project / Programme Management,

16%

Business Transformation /

Change Management,

30%

Strategy, 21%

Longdene House, Haslemere, Surrey GU27 2PH ?2015 Top-. All rights reserved.

CONTENTS

INTRODUCTORY REMARKS

OUR SPONSOR

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SURVEY DEMOGRAPHICS

The Demographics of the Survey's Respondents and Top-'s Consulting Readership

Sector

Similarly respondents were asked to record the industry sectors that they specialise in. Multiple choices were allowed hence the total exceeds 100.

Public Sector Energy & Utilities Retail / Consumer Goods Financial Services (Retail FS focus) Telecoms, Media& Entertainment Healthcare & Pharma

Transportation Automotive / Aerospace Financial Services (Investment...

Distribution / Logistics

0%

5% 10% 15% 20% 25% 30% 35%

Why not advertise for consulting candidates on Top-?

Our low-priced advertising packages allow you to see for yourself the types of results that recruiters are experiencing by placing their job listings on Top-

Click here to find out more

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COMMENTARY

OVERVIEW

DATA.1

Commentary by Mindbench

advanced analytical, programming and digital skills are in

particular demand. Consultancies are creating or expanding

Over the last two years we have witnessed a significant

their digital and analytics divisions and are competing fiercely

turnaround in the prospects for management consultants in

with banks, industry and internet businesses for the best

terms of both increased hiring levels and moderate increases in

candidates with these profiles, boosting salaries overall.

consulting salaries.

Graduates and candidates in the early to mid-stages of their

Growth has occurred in all sectors including public sector, and

career now have many more options available to them than

at all levels of the organisation from Graduate to Partner.

during the recession, and candidates overall are in a better

Whereas during the recessionary period, operational

position in terms of career advancement and salary

improvement, cost reduction and supply chain were the main

negotiations. Internationally there is also a sustained growth in

areas still hiring, now all functional areas - including the areas

demand ? and a willingness to hire candidates coming from

normally associated with growth such as strategy, innovation,

other countries, particularly into Germany, Switzerland, the US,

marketing and HR consulting are also showing significant

Middle East and Asia.

volumes of recruitment.

We expect this busy period to continue whilst the economy

The "Big 4" and larger firms have been scaling through

expands and consultants serve the changing needs of clients in

acquisition as well organic growth, and recent and newly

the digital era.

established consultancies serving specific niches are showing

bullish optimism and hiring for long term growth.

Richard Stewart,

Managing Director

As the impact of digitisation in the wider economy gathers

Mindbench

speed, candidates with

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