Related Posts
Hello ,
I am currently working as an consultant for kyndryl as cloud sme with 7b band on lower level 13.5 lakhs. My contract is coming to an end so I contacted my manager was offered an job at same 7b level at 17 lakhs . Should I take the offer , will I have growth in the Company? I have an another offer from hcl 18 lakhs . Kyndryl Inc.
Mentor
Top 10 books to read about consulting life ?
More Posts
Enthusiast
Additional Posts in European Consultants
Bain & Company Can we start a salary thread to get an idea about the salaries in Europe for different job functions, I can find solid data of tech salaries (SWE, PM, etc) but hard to find consulting salaries.
My TC - 48k +2-3k bonus, Consultant, Data & Analytics, Netherlands.
EY Deloitte PwC Accenture McKinsey & Company BCG Platinion Bain & Company KPMG
Typical tech consulting salary in uk for 3 yoe?
Friends what's the recruitment process for BCG?
Pro
New to Fishbowl?
unlock all discussions on Fishbowl.
After college in the US, I applied directly as a local hire in Germany. If you're doing an office transfer, that's usually pretty easy. If you're not, then you'll have more to do. You need to redesign your resume and cover letters towards the European format (includes a photo, more bullet points, less dense, is two pages, for young professionals include your high school GPA). Languages are much more important- if you apply to a position in Italy but can't speak Italian, you're both unqualified on the Italian market and at a disadvantage compared to other applicants. UK is a nightmare to get a visa, other English-friendly cities include Dublin, Amsterdam, Berlin, Stockholm, Tallinn, etc. The competition at these cities is much higher because there are lots of people who want to apply to these offices. Might as well start learning a language now- it'll help you in the long run. In Germany, if you can't speak C1 German starting out, your resume goes in the trash. At the manager level, it's a bit more flexible but you're at a constant disadvantage to someone who speaks German.
You're salary is going to be lower- Analysts are -20%, managers -50%, and partners -60% (in Germany, which pays comparatively high, but remember taxes are 47%). Switzerland has the lowest tax rates (but good luck getting approved for a visa), Eastern Europe is also low (but salaries are too).
My suggestion, don't do this move analytically or for the money: you will always come out worse than in the US. Do this based on the culture and/or work you want to experience, as well as the quality of life. Concerning visas, the process is much simpler than in the US (other than UK, Ireland, and Switzerland), so has long as you have a job offer, you'll be eligible for a work visa.
The strongest M&A market is in Germany, and there's huge potential for Digital Strategy here too. Sweden and France has a lot of interesting things in digital going on too. Firms are hiring like crazy here, so in their desperation, they might be more flexible on language abilities. All major firms in DACH (Ger/Swi/Aus) are pretty much all Germans due to language, and at most companies there's definitely a glass ceiling if you can't speak German (except startups).
Anyways, hope it works out! And pick a language to start on ;-)
Spot on analysis!
Don't compare at all your American lifestyle to your European. You'll live well, you won't live like you did in America. Cut salary by half and the euro is more expensive. It's worth doing, I did it, but be realistic.
Partner got a job opportunity. We were young so we just went. Partner had a passport from an EU country so visa was easier. I enjoyed the difference in culture and there were some good opportunities around so I stayed. But in a rented flat. Everyone back in the states had the big house, etc. Eventually bought a flat, had a kid, sold a flat, and moved to a house the countryside in a different country.
Now considering a move to US to pocket some cash and let the kid experience the extracurricular aspects of American schools. Pushing 50 now, solid job, and weighing the variables. It's 2 different lifestyles for sure.
Specifically how: adjust resume and cover letter to European standards, apply to 100 places and see what sticks. Networking is not nearly as powerful as it is in the US, it's much more application-based meritocracy.
I plan to start researching a potential US to EU move in the near future. Anyone have good info sources to accelerate the research process?
I suspect I will have to do some country/city specific modeling to forecast potential take home pay and respective lifestyle. Realize it’s highly personal for some items (e.g., potential salary in that market) , but tax fundamentals should be an area I could leverage someone’s past learnings.
OP let me know if you want to collaborate
Appreciate all the comments! I was hoping I could factor things like not saving for kids college and having humane working hours into my equation - which would hopefully close the gap a little.
Hear you loud and clear though - maybe I should avoid going so deep on the analysis side!