NOTE: if using the data below, it is essential to us that you please refer to Emolument.com as â€˜salary benchmarking siteâ€™ and use hyperlinks to www.emolument.com
Emolument.com has examined bonus data from from 219 male and 69 female Consultants*, Senior Consultants* and Senior Managers* working for Management/Strategic Consulting firms in London.
*Approximate years of experience: Consultants 1-2 years Senior Consultants 3-5 years Senior Managers 9-11 years
Do female graduates lack ambition? Fresh out of university, the 20% salary gap between the sexes can in large part be explained by the fact that a higher proportion of men tend to work for top tier institutions such as Bain and McKinsey, thereby earning more from the start of their career
Are women better managers? While the proportion of women in top tier institutions remains low across all levels of seniority, thereby sustaining the base salary gap, performance related pay is 35% higher for women at Senior Manager level, showing how valued they are in management roles
Median bonus and salary figures 2013-2015
Thomas Drewry, CEO at Emolument.com said: "It is significant that from the outset of their career, women do not aim for the top firms, unlike their male counterparts. If they did so more consistently, it would be very interesting to see just how much more they can earn when they reach Senior Manager levels."
Emolument.com â€“ an overview
Emolument.com was launched in 2012 as the only real-time bonus & salary-benchmarking site dedicated to finance and other professional services industries. With over 37,000 contributions from individuals at over 7,500 institutions, the service has become the leading provider of validated real-time remuneration data.
Emolument.com sources salary and bonus data directly from individual professionals who contribute anonymously. In return, contributors receive free access to aggregated market results broken down by title, location and sector. Emolumentâ€™s mission is to provide greater transparency about what professionals really earn to help them make more informed career decisions.
Emolument.com has recently launched its Alumni service which allows users to benchmark themselves against their university peers by viewing their â€˜Educationâ€™ report alongside their original Emolument â€˜Jobâ€™ report. Reports are searchable by university and degree type and allow users to see where a given class is based, in which industry they work and how much they earn. Alumni is a free service.