What to pay a new hire - Strategy (2023)
In this guide, you'll find out what to pay a strategy talent you hire for your business or team when calculating how much to pay them.
Hiring a strategy consultant into your business is a surefire way to boost your organisation’s decision-making ability. However, our clients are often unsure how much they should pay these new hires.
Using data from our Work and Pay report, which analyses over 35,000 data points from Movemeon and Payspective, we’ve outlined the salaries that employers can expect to pay new strategy hires.
Analyst
The average annual salary among Analysts working for strategy houses was £53,000. This rose to £74,000 among analysts from McKinsey, Bain and BCG (MBB).
Associate
Associate level strategy consultants earned, on average, £87,000. Associates working at MBB firms earned an average of £100,000.
Manager
Managers working at strategy houses earned, on average, £121,000. Their counterparts working for MBB firms earned £146,000.
Director
At Director level, consultants at strategy houses earned an average salary of £182,000. The premium earned by employees of the MBB firms was greatest at the most senior level, with MBB level directors earning £255,000 on average.
With a network of over 80,000 ex-consultants worldwide, 45% of them from MBB, Movemeon is positioned to help organisations from start-ups to corporates hire talented strategists.
Speak to us today at info@movemeon.com.
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