Molodnews.info – Salary of a technology strategy consultant at Accenture You’re definitely curious about consultant pay if you’re thinking about applying for a consulting career with Accenture. Accenture is one of the world’s largest organizations, with annual revenues of over $40 billion and half a million employees worldwide.
However, as the consulting sector has grown in recent years, Accenture has had to raise wage levels to remain competitive for top people. Accenture understands that every given candidate will be comparing a Deloitte vs. Accenture remuneration, for example.
We’ll go through the ins and outs of the Accenture consultant compensation and how it varies by level, region, job type, and more in this post.
Salary Structure of Accenture Consultants
You may have read statistics indicating that the typical Accenture management consultant compensation is around $100,000 per year. This statistic is a little deceiving. On the consultant career path, there are many different occupations to choose from.
Employees are paid differently depending on a range of characteristics, including education, experience, and competence, as well as geography and sector.
Accenture’s entry level wage for the consultant career, for example, is $78,000 per year on average. Accenture business consultant salaries average $111,000 per year and can reach $170,000 per year with a few promotions.
Accenture consultants with an undergrad degree earn an average base income of $78,000, with a signing bonus of up to $500 and a relocation incentive of up to $2,500. The Accenture MBA compensation is significantly higher, averaging $105,000 per year with a $5,000 signing bonus.
Keep in mind that these figures are averages across all practice areas. Your income and incentives will be significantly greater than average if you work in a practice area like Accenture Strategy.
Salary of Accenture Consultants by Role
While personal and geographical variances will affect your remuneration at Accenture, breaking down the Accenture management consultant salaries by role is still the most useful.
Consultant at Accenture
Accenture Consultant salaries average $101,000 per year across all jobs and locations.
Analyst at Accenture Consulting:
The average annual salary for an Accenture Consulting Analyst is $75,000, but it can range from $60 to $87,000. This reflects the fact that the title relates to a consultant who is still in the early stages of their Accenture career, hence this is the Accenture entry level consulting analyst compensation.
Technology Consultant at Accenture
The average annual income for an Accenture Technology Consultant is $98,000.
Senior Consultant at Accenture
The income of an Accenture Senior Consultant climbs to an average of $110,000 per year with promotion to Senior Consultant, with some people earning as much as $167,000.
Analyst at Accenture Management Consulting
Despite the long title, the remuneration for a Management Consulting Analyst is just slightly more than that of an Accenture entry-level employee. The average compensation for an Accenture Management Consulting Analyst is $79,000 per year, with a range of $59-95,000.
Junior Consultant at Accenture
The average annual compensation for an Accenture Junior Consultant is $75,000, with a range of $60-88,000.
Accenture Strategy Consultant Compensation: The typical Accenture Strategy Consultant salary is from $80 to $160,000.
Accenture’s Path to Success
Employees at Accenture are valued for their ambition and self-motivation. A highly hierarchical organization is also used by the corporation. As a result, Accenture expects its workers to strive for advancement at all times. This is one of the ways they demand excellent performance, but it also creates a very competitive climate within the company.
Employees on the consulting track are normally employed as Analysts and can advance through the ranks for two years before reaching the level of Consultant. Consultants may be promoted to Manager within two to three years, then to Senior Manager between two to four years, and finally to Managing Director within three to five years.
Employees at each level have a deadline by which they must either be promoted or look for work elsewhere. This is known as a “up or out” policy, and it is popular in consulting organizations.
Employees at Accenture are promoted to different levels across all departments. Employees are often employed at level 12 or 11, and as the levels system progresses, the number of employees hired decreases. The compensation effect of Accenture career levels is substantial, with seniority being a major determining element in the Accenture consultant salary provided.
Glassdoor Reviews for Accenture
Accenture has a Glassdoor rating of 3.9 stars out of 5 stars. This demonstrates a polarized variety of reactions to similar circumstances. Some employees, for example, have a negative reaction to the intense competition. Other employees thrive in a competitive environment.
Some employees are ecstatic about how challenging their jobs are. Others claim that the tremendous workload is stressful and has a negative impact on work-life balance and general health. Many evaluations mention that the Accenture business consultant compensation is satisfactory, despite the fact that rival top-tier consulting firms pay greater rates.
Accenture Technology Strategy Consultant Salary in the United Kingdom vs. Salary of an Accenture Consultant in the United States
The location of an Accenture strategy consultant is one of the most important variables in determining wage variations. Accenture, which has operations in 120 countries, deals with a wide range of economic situations. For example, there is a significant wage disparity between the United States and the United Kingdom.
Accenture UK Consultant salaries average £50,605 per year. This was the equivalent of $64,700 at the time of writing. The average Accenture Consultant compensation in the United States was $101,000 per year, which was higher than the global average.
This is consistent with larger industry trends, in which UK pay are often lower than those in the United States. However, it does not reveal the full extent of the difference. Employees in the United Kingdom have far greater social protections than their counterparts in the United States, as well as a countrywide cost of living that is almost 7% cheaper and average rents that are over 30% lower.
Conclusion at Accenture Technology Strategy Consultant Salary
Accenture is undoubtedly on your mind if you want to work for a multinational consulting business and earn a big income. Accenture’s entry-level compensation is rather good! Other top corporations may have more impressive numbers, but Accenture holds its own. For example, the wage fight between Deloitte and Accenture favors Accenture, with an average Accenture consultant income of $101,000 per year compared to $87,000 for Deloitte consultants.
However, you should keep in mind that the income of an Accenture management consultant is determined by a variety of circumstances. If you are hired, your typical Accenture consultant compensation will be determined by your individual employee profile, your level of advancement, and the location where you are employed.
This will also affect how far your money will stretch. See our entire compensation report for additional information on salaries at a variety of different consulting businesses.