Unpacking the Average Business Consultant Salary at Ernst & Young
If you’re considering a career in business consulting, you’ll want to know the average salary range for those in the industry. One of the most reputable firms in the business consulting space is Ernst & Young (EY). In this article, we’ll be taking a close look at the average business consultant salary at EY, including factors that contribute to salary differences, and what you can expect when you pursue a career with this firm.
The Average Business Consultant Salary at EY
According to PayScale, the average salary for a business consultant at EY is $80,200 per year. This salary range can vary based on factors such as education, experience, technical skills, and specific job titles.
For example, a consultant with a bachelor’s degree in business administration earns an average of $72,000 per year while a consultant with a master’s degree in a related field can earn up to $117,000 per year. Consultants with specialized skills in data analytics, cloud computing, and cybersecurity can also command higher salaries.
Experience and Salary at EY
As with any industry, experience plays a significant role in determining salary. At EY, business consultants with less than one year of experience earn an average salary of $68,000 per year. However, as consultants gain more experience, their salary increases considerably. A business consultant with five to nine years of experience can earn an average salary of $102,000 per year, while a consultant with ten or more years of experience can earn up to $150,000 per year.
Job Titles and Salary at EY
Job titles also play a significant role in determining salary at EY. The most common job titles for business consultants at EY are Senior Consultant, Manager, and Senior Manager. A Senior Consultant at EY earns an average of $89,000 per year, while a Manager earns an average salary of $118,000 per year. A Senior Manager at EY can earn up to $201,000 per year.
It’s worth noting that EY also offers bonuses and profit-sharing opportunities that can further increase an employee’s salary. For example, a business consultant at EY can earn up to $25,000 per year in bonuses and profit-sharing.
Conclusion
In conclusion, the average business consultant salary at EY is $80,200 per year. However, salary ranges can vary based on factors such as education, experience, technical skills, job titles, and bonuses. As with any career, it’s important to consider these factors when pursuing a role in business consulting. If you’re looking to work at EY, this article provides you with an overview of what you can expect in terms of salary.
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