Salary Guide 2019
In the past few years we have seen strict salary bandings in most major ASX listed businesses, however this year we are finding that many hiring managers have put cases through to raise these bands when hiring the best consulting talent into their business units. The war for talent is real, and whilst there are many reasons a candidate will take a role, salary is a very important factor. We have seen some top tier candidates obtain offers above market rates at the more senior level when moving into industry, however we always urge candidates to take a holistic view of the company and the role.
We are often asked for traditional salary information by our clients who are looking to benchmark their own teams against the market. We feel this is a good idea as salaries can change and you want to ensure you retain your top performers who have been loyal. They are undoubtedly being approached by your competitors and you want to reduce their options to leave. Having this information to hand at performance review time is also very useful for both the manager and the consultant.
These salaries are base only – not including superannuation or bonus
Top Tier Consulting Salaries
The top tier management consulting firms pay pretty well and up to a certain level consultants can expect a commensurate level of base salary compensation if moving to industry. This changes at the Executive Manager level. Above this level companies will rarely offer parity. Decent bonuses can we achieved and vary at each level
Partner $380k +
Associate Partner $280k-$380k
Executive Manager $190k-$260k
Project Leader/Manager $150k-$200k
Senior Associate /Consultant $130k-$170k
Business Analyst /Associate $100k-$140k
Big 4 Consulting Salaries
Salaries in the Tier 2 or Big 4 consulting firms usually can be matched when candidates take a role into industry. We find some consulting firms, we deems as underpaying their consultants in the market for the title they hold. Bonuses are generally minimal.
Partner $280k plus
Director $190k -$250k
Associate Director/Senior Manager $140k- $180k
Manager $110- $150k
Associate/Consultant $75k- $120k
In-house consulting roles in Financial Services
With most of the Financial Institutions fighting for the same talent, this has pushed up salaries a little in recent years. They pay better bonuses that the non-Financial Services players in general. A Executive Manager/ Junior Director can expect circa a 30-45% bonus.
Executive General Manager/Senior Director $300k +
General Manager/Director $250k-$340k
Executive Manager/ Junior Director $180k -$250k
Senior Manager $140k-$170k
Senior Consultant/Manager $110k-$150k
Associate/Consultant $90k- $120k
In-house Consulting Roles in non-Financial Services
The major players in this space are the telco’s, retailers, airlines and to some extent the energy/infrastructure organisations. We find bonuses generally slightly lower in these organisations.
Executive General Manager/ CSO- $330k plus
General Manager/ Principal/ Head Of $250k-$340K
Senior Manager $160k-$220k
Senior Consultant $100k- $140k
Associate. Consultant $80k-$110k
For further specific information please contact us directly.