The 'brainy one' or the 'wealthy one'? Tough choice for Bankers and Consultants

We have examined 2014/2013 salary and bonus data from 1,573 Corporate Finance Advisory & Strategy consulting professionals working in London.


  • Similar hours but much more profitable: Early on in their career, base salaries are comparable for Bankers and Strategy Consultants. However from Associate/Senior Consultant level bankers are rewarded with 3.5x higher bonuses.
  • Consultants' pay lags at all levels: Strategic consultants earn 1/3 less than banking VPs; total compensation gaps wider as seniority increases: Sr Managers salaries are half those of banking Directors, and Managing partners only 58% of an MD base salary in advisory.
  • Bonuses as an indication of risk-taking? MDs earn bonuses 5x those of consultancy partners, which is partly a reflection of the bankers' risk taking, as the bank will offer clients its balance-sheet and take risk on its own books beyond the advisory function



Emolument provides bonus and salary statistics based on data submitted directly by professionals like you. It is free, anonymous, and already a trusted tool for thousands of professionals worldwide. Are you paid enough? Click here to find out now.

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