| Global salary survey to offer benchmark for consultants |
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| | Management consultants
will soon be able to
review how their salary
ranks alongside those of
their peers – and to see
how any recent pay rise
awards and bonuses stack
up against comparable
consultants.
The results of the
new salary benchmarking
report from
Top-Consultant are
eagerly anticipated,
with consulting
professionals anxious to
know whether their
career progression and
remuneration have fallen
behind the curve during
the recent severe
consulting downturn.
Consultants
participating in the
bi-annual salary survey
will have preferential
access to the final
report, due for
publication this autumn
(Editor’s note:
Consultants may
take part in the survey
here).
In the midst of the
consulting downturn in
2009, this report
highlighted that pay
rises averaged just 3.6%
of basic salary for
those who received a pay
rise, with 46% of
respondents receiving no
rise at all. This was | |
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| | down markedly from the
6% average raise seen in
2007, when 74% had been
awarded a pay rise.
Breakdowns of the data
by seniority level and
by type of consulting
also highlighted some
notable variations in
how consultants were
faring.
Since the hiring
rebound began some 18
months ago, it has
become an increasingly
critical issue for
consultants to decide
where they are best off
pursuing their careers.
Many have reported to
Top-Consultant that
professionals changing
employer have been able
to secure pay rises and
fast-track their
promotion prospects in a
manner that simply
hasn’t been open to
those staying loyal to
their employer.
“For the first time
in the wake of the
consulting downturn,
this survey will allow
us to paint a picture of
recent remuneration
trends and to track how
a career in consulting
has fared in the
2009-2011 period,”
commented Tony Restell,
director at
Top-Consultant. “We’re | |
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| | very excited about
sharing these findings
with our readers and
encourage as many
consultants as possible
to contribute to the
confidential survey.”
At the time of the
last benchmarking report
in autumn 2009, the UK
data showed total
remuneration in the
consulting sector to
be:
Junior consultant -
£47,026
Senior consultant -
£68,161
Project manager -
£90,344
Principal - £120,615
Partner - £177,190
In addition senior
partners could expect to
earn £300,000+ with the
highest earners in the
sector approaching £1m
in annual remuneration.
The 2011 survey will
collect global data on
the consulting industry
with the findings being
published this autumn.
Consultants may take
part in the survey by
visiting the
2011 Salary Survey page
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