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Yeah they look at 100-120. The pay in UK is really bad. Expect a 30-40% reduction in the pay from the US
Rising Star
That looks high even for the US. Assuming we're talking base salary, it's hard to imagine an SM at EY pulling in $260k / year.
If you're actually interested in working in London, you'll likely have to come to terms with a significant pay cut (even after FX).
I think you need to research the market a bit - you won't get this salary in London as an SM.
Maybe 100k base + some bonus but no more than that.
Rising Star
It's a completely different market. If you quantify all your benefits, then calculate FX, you still come out a bit shy of US comp. The reality is that people want to live in work London and are willing to do so at a wage below what people are willing to accept in NYC/SF.
What's interesting is that strategy consulting salaries are roughly the same multiple of average salary in the US, but non-strategy salaries don't do as well with this metric.
There is pretty much no chance you’ll get a salary anything like that - maybe £85-90k if you’re lucky. On the plus side you’ll get a great pension and a lot of vacation days and you can live in London, which is amazing. Downside London is damn expensive. You need to readjust your expectations.
If I were you I’d look at Glassdoor for salaries and open roles in your wife’s area of work. London is exceptionally expensive - housing is smaller than the US, transport expensive, food is pretty good and cheap - all of this is worth keeping in mind. It is a lovely city and UK a lovely country, it just depends if you want to take the salary hit.
Chief
I'm an advisory M on £65k TC. SM probably £90k. It's a joke fam.
Thank you all for the info. Is SM at EY equivalent to Principal/Associate Partner in MBB?
Considering the salaries you've seen quoted above, no.
Junior partners would likely pull £150-200k base (depending on the firm) + a good bonus (20-50%) depending on the firm