Salaries per market segment As mentioned above, salaries of consultants differ widely. The bonus of a junior consultant on average represents 4% of the basic salary, for partners the percentage rises to 12%. On average additional benefits represent nearly 10% of the basic salary, while bonuses equate to 7% of salaries, although the bonus % rises gradually as consultants grow through the ranks. The data reveals that average total salaries in the UK consulting industry range from roughly £44,000 for junior consultant to just under £170,000 for partners. An overview of estimates on salaries and benefits*: In addition, there is a large variety in remuneration across the advisory industry, depending on a range of factors such as the type of firm (business model, performance management system), the type of industry/service area a consultant is working in and individual performance.Īlthough remuneration data such as salary, benefits and bonus does not lie out in the open, there are a number of sources that regularly conduct research in the field (typically recruitment firms specialised in the industry and/or analyst research firms). Basic salaries are hardly communicated in job ads, and in addition consulting firms tend to tightly hold back details over their benefits & rewards packages during recruitment events and job application procedures (until the last round). Sectors of interest include business services, software and IT services, consumer, healthcare technology and outsourcing, growth industrial, and consumer.The management consulting industry overall tends to have a relatively low transparency in the area of remuneration policy. McKeever.īoston-based WestView makes majority and minority investments of $15 million to $60 million in lower middle-market growth companies. “Invisors has a demonstrated track record of success, growing at rates significantly ahead of its peers,” said Mr. Members of the Abacus transaction team included Managing Director and COO Sean McKeever and Vice President Joseph Lee. The firm is headquartered in New York and is an affiliate of New York Private Bank & Trust which was founded in 1850. Since its founding in June 2011, Abacus has closed over $2 billion in financings. Debt facilities can be as large as $50 million. As in other transactions, our success was a function of our speed, cash-flow flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™.” (The Total Partnership Approach is the firm’s operating strategy that merges its cash-flow financing expertise, deep industry knowledge and client service capabilities to give its private equity and family office sponsors the certainty of close and transactional peace of mind).Ībacus provides cash flow-based senior financing to private equity and family office-sponsored, lower-middle market companies that have EBITDA between $3 million and $15 million. “We were extremely impressed with the senior management team and are excited to be their financing partner as they embark on the next stage of growth. “Invisors and its founding partners have an impressive track record as a service partner within the Workday ecosystem,” said Tim Clifford, the president and CEO of Abacus. It’s great to have seen both of our firms grow together.” Abacus is an important and valued relationship for us at WestView. Once again, the entire process was handled smoothly and efficiently. “One, they are easy to work with, and two, they are extremely reliable. “We selected the Abacus team, whom we have known for many years, for two reasons,” said Rick Williams, a managing partner of WestView. Invisors services include initial implementation, add-on modules, post-launch support and optimization.Ībacus was the administrative agent and the lead arranger on the transaction and the firm also made an equity co-investment in Invisors. ![]() Workday is a California-based provider of cloud-based financial management and human capital management software. Abacus Finance Group has provided senior secured credit facilities to back the minority recapitalization of Invisors by WestView Capital Partners.Ītlanta-headquartered Invisors is a provider of IT consulting services with a specialization in the Workday product suite.
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