Consultants and Alumni Salary Report 2020 – Corporates

Consultants and Alumni Salary Report 2020 – Corporates

Movemeon’s 2020 salary report, based on 35,000 data points, is now complete. It provides comprehensive answers to questions we are repeatedly asked by employers and candidates. What happens to pay as a consultant moves to industry? How does pay vary by consulting background? How much do candidates expect to earn at different levels? You can find answers to these questions and more in our full report here.

Here, we’ve summarised some of the most striking findings of our report, with a special focus on consulting alumni compensation in corporates.

Gender pay gap

Overall, women receive 45% smaller bonuses than men. Manager level pay rises are also 26% lower for women across all industries and 42% of women do not receive a pay rise at all.

gender pay gap consulting movemeon

Freelance consultants

Freelancers, used by employers 62% more versus 5 years ago, are often willing to reduce their day rate by a significant amount – up to 30% – for the right reasons. The most common reasons are project length (on a 6-month project you could expect a 21% reduction) and the freelancer’s interest in the project.

freelance report day rates movemeon

Compensation v. happiness

There is no clear correlation between increasing overall compensation and employee happiness. Instead, the key to employee happiness appears to be pay per hour. 

In light of this finding, it is no surprise that freelance consultants are the happiest overall, driven by a better balance of compensation and number of working hours per week.

drivers of happiness consultants

If you would like more information, please click here to request our full report, or contact our team here.

At Movemeon, we connect (ex) consultants and freelancers with job opportunities, advice & events. Register now to view and apply to jobs, for insider advice & networking/industry events.

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Movemeon
Movemeon
Movemeon.com - The world’s leading community of consultants, alumni and commercial professionals. Also, growing hubs in France, Germany and APAC.

Founded by two ex-McKinsey Consultants, Nick Patterson & Rich Rosser.

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