Business Strategy Senior Manager Accenture Salary
Business Strategy Senior Manager Accenture Salary – In this article, you will learn how hierarchy or level system is followed in Accenture and your promotion and hiking possibilities. Before starting, let’s note that this article only covers technical positions, others like business and management hierarchy are not covered in this article.
A short introduction about Accenture as an organization may help. Accenture is an Ireland-based consulting and information services company. It is headquartered in Dublin, Ireland. It is listed among the Fortune 500 in the world. It provides strategy, consulting, digital technology, marketing, branding and other operations services.
Business Strategy Senior Manager Accenture Salary
Its clients include 91 companies in the Global Fortune 100 and more than a quarter of the Fortune Global 500. It has branch offices all over the world and operates globally. As of 2020 statistics, it has more than 5,14,000 employees.
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Like other IT firms, Accenture follows a grading or tier system called levels. The company has 13 levels in the technical area. Some levels are further divided into two or more sub-levels (not covered in the article).
This is an entry-level position. When you are a freshman who has just graduated you will be hired as an assistant. This is mostly a temporary position where you will be like a trainee who will learn and adapt to the work environment.
This is where you get involved in the real work. You will be given tasks or assignments by the analyst. Or you will help the analyst finish the project in hand. Here you will face various situations so that you can analyze yourself.
Once you become an analyst, your responsibilities begin. You should be able to get involved in various projects and train associates or assistants. Resources will be involved in organization projects as directed by the Senior Analyst or Team Lead.
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It is not much different from the previous one; After 3 years of experience as an analyst you will be promoted as a senior analyst. This means that you are aware of all the challenges in the respective field and are more experienced in handling them. There are salary increments between Analyst and Senior Analyst posts.
After your Senior Analyst period, you will be promoted to any of the three based on your skills and performance. If you are on good terms with the team, you will be a team lead, and if you are an expert, you will be promoted to expert or consultant.
As an Associate Engineer, it’s all a learning phase. A technical expert will gradually learn about business and administration at this stage. Based on your performance you will be promoted to a manager or next position.
The role leads multiple teams and leads hundreds of engineers and analysts. He is the one who talks to the client and plans the project or product and assigns the tasks to the respective team.
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As explained earlier this is only a senior post given to those who are more experienced and potential. Salary and responsibilities increase as you become a senior manager. And this is Accenture’s latest or highest managerial position.
A director is more involved in administration and decision-making than in technical work. An Associate Director is one who replaces the presence of the Director.
This responsibility makes the final decision in the technical field. He has high responsibilities and communicates both inside and outside the company to ensure efficient work of the technical team.
This level is the person who checks whether the advice or software solutions are provided as per company norms.
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3rd level and above positions are higher positions such as Chief Technical Officer (CTO), Vice President and Chief Executive Officer, etc…
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I am a biotechnologist by qualification and a network enthusiast by interest. I developed an interest in networking because of being with my husband, an avid network professional Let’s face it – no matter what you say in a consulting interview, those six-figure salary figures are pretty enticing; So in this article, let’s explore and compare the salaries of management consultants at 12 top consulting firms including McKinsey, BCG, Bain (Big 3), Big 4 firms and Accenture.
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At top consulting firms, entry-level management consultants can earn $100,000 per year (including bonuses and profit sharing), while senior consultants can earn up to $200,000. Partner-level managers (partners, directors, principals) can earn between $1,000,000-$1,300,000.
Salaries at McKinsey range from $90,000 to $110,000 per year for entry-level consultants (analysts), while the figure for MBA-level/experienced associates can go up to $233,000. Engagement managers typically earn around $250,000, while partners and managers can earn up to $1,300,000.
At BCG, junior associates earn about $90,000 to $110,000 a year, while more senior consultants can earn up to $215,000. Project leaders earn even higher – around $200,000-$260,000, while principals and partners top the scale at $1,150,000.
Bain Consultants salaries range from a high of $122,500 for junior associate consultants to $226,500 for senior consultants. Case team leaders can earn up to $242,000 per year, while managers, partners and principals can earn up to $1,000,000.
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Deloitte junior consultants have a maximum annual salary of $98,000, with a base of $85,000. Senior consultants can earn up to $201,000 per year.
The maximum annual salary for KPMG Junior Consultants is $83,000, with a base of $75,000. Senior consultants can earn up to $185,000 per year.
The maximum annual salary for PwC junior consultants is $108,000, with a base of $90,000. Senior consultants can earn up to $185,000 per year.
EY junior consultants have a maximum annual salary of $101,000, with a base of $92,000. Senior consultants can earn up to $180,000 per year.
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Accenture junior consultants have a maximum annual salary of $113,000, with a base of $87,000. Senior consultants can earn up to $200,000 per year.
Although management consulting is among the highest paying jobs, with a few years of experience, you will receive higher salary offers from outside the industry – usually +20% to +50%, but sometimes up to +100 -200%!
This is why many people voluntarily leave the industry within the first few years, but at the same time, it explains why management consulting is so attractive – these learning opportunities will skyrocket your career and your salary! In publicly disclosed details of Accenture Australia employee pay and equity options, employees can earn a higher minimum base salary at earlier stages than in PwC’s consulting division.
The move is designed to help Accenture position itself as an employer of choice in the current competitive job market, following the release of more details about PwC’s staff salaries.
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Accenture, as a New York Stock Exchange-listed company, touts its ability to reward employees with standard salaries as well as equity and discount shares, and potential bonuses offered by the Big Four consulting firms.
Accenture’s minimum pay ranges from $54,700 for an entry-level associate role, from $100,000 for a team lead/consultant, and from $175,200 for a senior manager.
A fortnight ago, PwC Australia released its salary bands by rank and category for staff for the 2023 financial year. Consulting firms are battling each other and clients to recruit staff to try to manage unprecedented client demand amid a global skills shortage.
Experts have urged private sector companies along with other consulting firms to disclose their pay rates as this will help close the gender pay gap. These experts say transparency helps workers, especially women, know where their pay stands in relation to the larger organization.
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They intend to reveal their pay rates in the coming months, while EY remains the only “Big Five” consultancy to refuse to make any commitment to public disclosure of its staff’s pay rates.
Accenture Australia chief executive Peter Burns said the disclosure showed how much the company was willing to pay to secure sought-after workers.
“We conduct regular research and are proud to offer competitive, market-relevant compensation for all of our people,” Mr. Barnes said.
“In terms of the services we offer our clients, we’re constantly looking for people with different backgrounds and skill sets with multiple entry points into the organization” such as the firm’s apprenticeship and reskilling programs.
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Accenture employees at Analyst level and above are also eligible for the bonus, while those at Senior Manager level and above are eligible.
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