EnglishFurther details on the salary of EY and EY-Parthenon (EY-P) consultants will be explored below, with a comparison to the MBB firms (McKinsey, BCG, and Bain) to give you an overview of the industry. Accenture and PwC paid the highest minimum pay for new starters and analysts, at $68,000, while KPMG had a minimum pay of $60,000 for analysts. Accenture’s high pay rates are partially due to the firm’s global approach to remuneration and training.
Catherine Walsh, PwC’s head of people and culture, said the firm’s competitive pay rates were designed to attract the best consultants. “Our people tell us they’re attracted to the diversity of meaningful work, connection to our communities, competitive pay and benefits, and fast performance-based progression,” she said. In previous years, these firms faced lay-offs and hiring freezes due to the pandemic, but now these high-paying businesses are ramping up their hiring plans once more, the companies told Insider.
Both Deloitte and KPMG are plan on continuing hiring this year. Looking at MBB firms, BCG pays their manager roles the lowest ($173,000 – $278,000), and even lower than EY Parthenon. McKinsey and Bain, on the other hand, pay their managers almost twice as much. At the more junior levels, Accenture continues to lead the way, with KPMG consistently having the lowest minimum pay. “We also know prospective employees are looking for more than a pay packet. They want great clients, leaders they can learn from and an opportunity to make a difference through their work.
- Further details on the salary of EY and EY-Parthenon (EY-P) consultants will be explored below, with a comparison to the MBB firms (McKinsey, BCG, and Bain) to give you an overview of the industry.
- At the more junior levels, Accenture continues to lead the way, with KPMG consistently having the lowest minimum pay.
- Both Deloitte and KPMG are plan on continuing hiring this year.
- Over half of their income comes in the form of additional pay.
- At EY Consulting, about 25% of a manager’s income is from additional pays.
- Compared to MBB firms, EY and EY-P offer a competitive Intern salary, with higher base pay.
An EY-P Consultant can earn between $134,000 to $198,000 a year. In 2020, PwC applied for 1,999 visas for workers who were not US citizens and in 2021 it employed 295,371 people, according to Statista. PricewaterhouseCoopers (PwC), a global professional services firm with more than $43 billion in revenue, is planning to continue hiring this year despite changing economic conditions. This year, despite fears of an upcoming recession, Deloitte is hiring across all of its teams, Sheila Williams, the national managing director of talent acquisition for Deloitte US, told Insider in a written statement.
The firm did not immediately respond to a request for comment on its salary data or 2022 hiring plans. Here are the salary ranges for consultants, accountants, and leadership at KPMG. In 2014, EY acquired The Parthenon Group, a Boston consulting firm, to bolster its consulting business arm. An EY spokeswoman said the firm would not “comment on salaries” but pointed out that promotions and pay rises would be brought forward by three months to July 1.
The data represents the minimum pay for typical experience for each firm and relates only to pay for consultants at the five firms. Over half of ey manager salary their income comes in the form of additional pay. EY-Parthernon offers a higher salary level for their partners, $372,000 – $661,000 a year.
‘Big Four’ salaries: How much accountants and consultants at Deloitte, PwC, KPMG, and EY make.
They also want flexibility, digital upskilling and other development opportunities and they want to work for firms that put health and wellbeing at the centre of everything they do. At EY Consulting, about 25% of a manager’s income is from additional pays. Accenture also pays the most for those with at least five years of experience, although the difference is a far smaller $5,000 from the next highest paying firm, Deloitte. Here are the salary ranges for both consulting and accounting roles. The so called “Big Four” accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. In the US, a PwC Consultant’s annual salary is $96, ,000, while a Strategy& Consultant’s annual salary is $97, ,000.
EY and EY-Parthenon consulting Partner salary 2023 (Partner-level)
An EY Intern consultant earns a minimum of $58,000 a year, and a maximum of $83,000. As for EY-Parthenon, an Intern’s minimum salary is $56,000 and the maximum is $89,000. While Accenture, Deloitte and PwC helped validate the minimum pay rates and experience required at their respective firms, EY and KPMG declined to comment on the pay data provided.
Similar to EY Partners, half of their income is from additional pay. “We offer competitive remuneration packages to help us attract the best talent. We undertook mid-year pay reviews and we’re working through our annual https://1investing.in/ review cycle at the moment with corresponding promotions, pay rises and bonuses to occur effective 1 July,” Ms Walsh said. An Accenture manager (known as a senior manager within the firm) earns at least $170,000 a year.
Advisory giant Accenture consistently pays consultants the highest starting salary compared to the big four consulting firms, with PwC and Deloitte vying for second place at different experience levels. Higher positions like these see a large difference between the min-max amounts reported, both in the base pay and bonuses. As one ascends through the ranks, compensations and benefits vary greatly due to a consultant’s experience and contribution to the firm. Compared to MBB firms, EY and EY-P offer a competitive Intern salary, with higher base pay. An Accenture senior consultant (known as a manager internally) with at least five years of experience will earn $130,000, with a Deloitte manager only slightly behind at $125,000. An entry-level consultant who just graduated from business school can make more than $200,000 a year at the four firms when you include base salary, bonuses, and relocation expenses.
Department of Labor approving 57,259 H-1B visa workers to work at Deloitte, according to Bloomberg law. In KPMG US, a Consultant can make around $91, ,000 a year, while a Senior Consultant can earn $104, ,000 annually. A KPMG spokeswoman said that staff join the firm for a variety of reasons beyond pay. Deloitte declined to provide a formal comment but noted that salaries for in-demand consulting skills will rise as of July 1. “As shifts in the marketplace continue to evolve, we’ll need the best and brightest talent to adapt and anticipate future disruption in order to help businesses prepare, grow, and innovate,” she said. A senior EY-P Consultant’s salary can be much higher than their EY counterpart.
EY and EY-Parthenon Senior Consultant/Associate salary 2023 (MBA/Experienced, Senior-level)
A PwC manager will typically pull in $130,500, while EY pays a minimum of $125,000 and KPMG pays at least $120,000. At the manager level, which typically requires the professional to have at least seven years of experience, Accenture pays a minimum of $40,000 more than the next highest paying firm, PwC. We see a similar pay composition for both EY and MBB partners, with over half of their total salary consisting of additional pay. However, all three MBB firms provide a higher salary level than EY Consulting and EY-Parthenon.
And in the UK, PwC is raising employees’ pay and bonuses, Insider’s Stephen Jones reported. Deloitte had the greatest number of employees of any of the ‘Big Four’ firms, topping 345,370 workers in 2021, according to research platform Statista. It also applied for the greatest number of visas, with the U.S.
By contrast, EY-Parthenon’s senior-level consultants have a competitive salary compared to McKinsey, but both lag far behind compared to BCG and Bain. (1) Unless stated otherwise, salaries in this article are based on US figures. (2) One-time sums, such as Relocation or Signing Bonus, are not counted. Actual figures may vary, depending on location, position, experience, performance, and report time.(3) Our primary source of information is Glassdoor. However, Glassdoor is a platform where users can anonymously share their salary and compensation information.
