How Much Does a Business Consulting Manager at Ernst & Young Earn? A Comprehensive Salary Guide
If one is interested in pursuing a career in business consulting management, they might wonder about the salary potential and what it takes to earn the big bucks. Ernst & Young (EY) is a well-known global professional services firm that offers a range of business consulting services, and many people aspire to work there. Here is a comprehensive salary guide on how much a Business Consulting Manager at Ernst & Young earns.
What is a Business Consulting Manager?
A Business Consulting Manager at EY is responsible for leading a team of consultants to provide a range of advisory services to clients. They help clients identify business opportunities and drive transformational change. They work on global and local projects and design and implement strategies to improve business performance. They are also involved in retaining talent and growing their team members.
Salary of a Business Consulting Manager at Ernst & Young
Business Consulting Managers at EY are well compensated for their work. Their base salaries range from $116,000 to $216,000 per year, depending on their level of experience and the location of their office. In addition to their base salary, they may be eligible for performance-based bonuses that can add up to 25% to their total compensation.
Factors That Affect Salary
Several factors can affect how much a Business Consulting Manager at EY earns. These include their level of experience, their academic credentials, the location of their office, and the sector they work in. For example, a Business Consulting Manager with a Master’s degree in Business Administration (MBA) typically earns more than one without an MBA. Also, a Business Consulting Manager who works in a high-cost-of-living city like New York or San Francisco will generally earn more than one working in a lower cost-of-living city.
Skills Required
To succeed as a Business Consulting Manager at EY, one needs to possess several essential skills. These skills include excellent project management abilities, client relationship management skills, and strategic thinking. Business Consulting Managers must also be excellent at team building and leadership to retain talent and grow their team members.
Conclusion
In conclusion, Ernst & Young is a global professional services firm that offers a range of business consulting services. A Business Consulting Manager at EY is responsible for leading a team of consultants to provide a range of advisory services to clients. They help clients identify business opportunities and drive transformational change. The base salary for this position ranges from $116,000 to $216,000 per year, and several factors can affect how much a Business Consulting Manager earns. If you have the skills, academic credentials, and experience required, working as a Business Consulting Manager at Ernst & Young can be highly rewarding financially and professionally.
