Consulting Salary Guide 2025 (London/Europe)

[Canary Wharfian]

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+

By Firm (Entry-Level to Consultant Examples)

• 
  []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+

By Firm (Entry-Level Examples, Germany)

• 
  []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.