This guide provides an overview of management consulting salaries in London and broader Europe for 2025, based on recent data from industry sources. Salaries vary by firm tier (e.g., MBB: McKinsey, BCG, Bain; Big Four: Deloitte, EY, KPMG, PwC; boutiques and others), experience level, and location. London often commands a premium within the UK due to cost of living, but data is generally UK-wide unless specified. European figures are in EUR and reflect regional differences, with DACH (Germany, Austria, Switzerland) being a key hub. Bonuses are performance-based and can significantly boost total compensation. Treat these as averages or ranges—actual pay depends on negotiations, performance, and firm-specific factors.
UK/London Salaries
In the UK, average consultant salaries range from £40,000–£50,000 at entry-level to over £150,000 for partners, with MBB firms paying at the higher end. London-based roles may include additional allowances, but figures are similar across major UK cities.
By Level (General Management Consulting)
| Level |
Experience |
Base Salary Range (£) |
Bonus Range |
Total Compensation Range (£) |
| Analyst/Junior Consultant |
0–2 years |
30,000–45,000 |
0–10% |
30,000–50,000 |
| Consultant |
2–4 years |
45,000–60,000 |
0–15% |
45,000–69,000 |
| Senior Consultant |
4–6 years |
55,000–80,000 |
5–15% |
58,000–92,000 |
| Manager |
6–8 years |
70,000–100,000 |
10–25% |
77,000–125,000 |
| Senior Manager/Associate Director |
8–10 years |
90,000–120,000 |
10–30% |
99,000–156,000 |
| Director |
10–12 years |
125,000–190,000 |
15–30% |
144,000–247,000 |
| Partner |
12+ years |
155,000+ (base; variable heavy) |
Bespoke |
Up to 170,000+ |
MBB: Analyst ~49,500 base; Consultant 90,000–97,000 base.
Bain Consultant: 97,000 base.
McKinsey Consultant: 90,000 base.
BCG Consultant: 93,000 base.
Big Four and Accenture:
Deloitte Consultant: 91,000 base.
PwC Consultant: 85,000 base.
Accenture Strategy Consultant: 83,000 base.
EY Analyst: 55,000 base.
KPMG Analyst: 29,150 base.
Boutiques (e.g., Oliver Wyman, L.E.K.): Analyst north of 45,000; Consultant 80,000–90,000.
Bonuses at MBB can add 10–20% or more, with total comp for consultants averaging 85,000–110,000.
Germany/DACH Salaries
In Germany, average management consultant salaries are around €83,000–€88,000 gross, with ranges from €65,000 (entry) to €109,000+ (senior). DACH region sees higher pay in Switzerland (CHF equivalents). Bonuses average €3,500–€10,000.
By Level (Germany Average)
| Level |
Experience |
Base Salary Range (€) |
Bonus Range (€) |
Total Compensation Range (€) |
| Entry-Level/Junior |
0–3 years |
50,000–80,000 |
3,000–10,000 |
55,000–90,000 |
| Mid-Level (Consultant/Senior) |
3–8 years |
65,000–95,000 |
5,000–15,000 |
70,000–110,000 |
| Senior/Manager |
8+ years |
90,000–110,000 |
7,500–20,000 |
100,000–130,000+ |
MBB:
McKinsey: 80,000 base + 10,000 bonus = 90,000+ total.
BCG: 75,000 base + 5,000 bonus = 80,000+ total.
Bain: 75,000 base + 10,000 bonus = 85,000+ total.
Big Four:
Deloitte: 55,000 base + 5,000 bonus = 60,000+ total.
EY: 50,000 base + 3,000 bonus = 55,000+ total.
KPMG: 50,000 base + 5,000 bonus = 55,000+ total.
PwC: 50,000 base + 3,000 bonus = 55,000+ total.
Boutiques/Selected (e.g., Roland Berger: 51,000 base; Oliver Wyman: 60,500 base; L.E.K.: 80,000 base + 8,000 bonus).
In Austria, entry-level totals are €55,000–€83,000 (median €69,000). In Switzerland, CHF 105,000–182,000 (€110,000–€190,000, median €150,000).
France Salaries
French consulting salaries are slightly lower than Germany's for similar roles, with strong benefits.
McKinsey Examples (By Level)
Business Analyst: €56,000–€66,000 base.
Associate: €85,000–€100,000 base.
- Engagement Manager: >€150,000 total comp.
Bonuses vary by performance; total comp for associates can reach €100,000+.
Spain Salaries
Spain has lower salaries compared to Northern Europe, reflecting cost of living.
McKinsey Examples (By Level)
Business Analyst: €37,000–€46,000 total comp.
Associate: €87,000–€103,000 total comp.
MBB and Big Four dominate, with boutiques paying similarly or slightly less.
Key Trends and Notes for 2025
MBB Premium: MBB firms pay 9–40% more than Big Four across regions.
Bonuses and Benefits: Expect 5–30% bonuses, plus perks like healthcare, retirement, and relocation. Partners earn heavily from profit shares.
Inflation and Demand: Salaries are rising modestly due to demand in strategy and digital consulting, but economic factors may cap growth.
Variations: Women and underrepresented groups may negotiate for equity; remote/hybrid roles influence location premiums.
