Salary for Consultant at Deloitte: All You Need to Know
By Workloudly, 14-05-2023
Deloitte is a well-known multinational professional services network that provides audit, consulting, financial advisory, risk management, and tax services to its clients. It is one of the Big Four accounting firms that offer lucrative career opportunities to professionals worldwide. If you are considering a career in consulting, you may be curious about the salary range at Deloitte. In this article, we will discuss the salary for a consultant at Deloitte, including the salary of senior consultants, consultants, and freshers in India.
Table of Contents
- Who is a Consultant at Deloitte?
- Salary for Consultant at Deloitte
- Salary for Senior Consultant at Deloitte
- Deloitte Consultant Salary for Freshers
- Factors that Affect Salary at Deloitte
- Comparison of Deloitte Consultant Salary with Other Companies
- Benefits of Working at Deloitte
- Tips for Negotiating Salary at Deloitte
- Future Career Growth for Deloitte Consultants
- Frequently Asked Questions (FAQs)
Who is a Consultant at Deloitte?
A consultant at Deloitte is an entry-level position for fresh graduates or experienced professionals with a bachelor’s or master’s degree in business administration, finance, accounting, economics, or related fields. A consultant’s job responsibilities at Deloitte may include assisting in client projects, performing research, conducting data analysis, developing presentations, creating reports, and delivering recommendations to clients. Consultants work closely with senior consultants, managers, and partners in various industries such as healthcare, finance, technology, energy, consumer goods, and public sector.
Salary for Consultant at Deloitte
The salary for a consultant at Deloitte in India varies based on several factors such as location, experience, educational qualifications, and skills. According to Glassdoor, the average base salary for a consultant at Deloitte in India is ₹9,70,000 per annum. Based on the aforementioned parameters, the compensation range for a senior consultant at Deloitte in India ranges from ₹9,00,000 to ₹16,00,000 per year.
Salary for Senior Consultant at Deloitte
The salary for a senior consultant at Deloitte in India is higher than that of a consultant due to the increased responsibilities and experience. According to Glassdoor, the average base salary for a senior consultant at Deloitte in India is ₹14,50,000 per annum. The salary range for a senior consultant at Deloitte in India varies from ₹9,00,000 to ₹25,00,000 per annum based on location, experience, educational qualifications, and skills. The salary may also vary based on the industry or department the senior consultant works in. For example, a senior consultant in the healthcare industry may earn more than a senior consultant in the public sector.
Deloitte Consultant Salary for Freshers
Freshers or entry-level consultants at Deloitte in India can expect a starting salary of ₹6,50,000 per annum, according to Glassdoor. However, the actual salary may vary based on location, educational qualifications, skills, and experience. Freshers at Deloitte may have the opportunity to work on a variety of projects and gain valuable experience that can lead to career growth and higher salaries.
Factors that Affect Salary at Deloitte
Several factors can affect the salary of consultants and senior consultants at Deloitte. These include location, experience, educational qualifications, skills, and performance. Consultants and senior consultants working in metropolitan cities such as Mumbai, Delhi, and Bangalore may earn higher salaries due to the higher cost of living. Similarly, consultants with advanced degrees such as MBA or CPA may earn more than those with only a bachelor’s degree.
Comparison of Deloitte Consultant Salary with Other Companies
Deloitte is known for offering competitive salaries to its consultants and senior consultants. However, the pay may differ depending on the field, the location, and the level of expertise. According to Glassdoor, Deloitte consultants in India make more money on average than their counterparts at PwC, EY, and KPMG. But a consultant at Deloitte can make less money than a consultant at firms like McKinsey, Bain, or BCG.
Benefits of Working at Deloitte
Working at Deloitte provides several advantages, including flexible work schedules, health insurance, retirement programmes, paid time off, and professional development opportunities, in addition to competitive compensation. In order to assist its workers develop and improve their careers, Deloitte also offers training and mentorship programmes.
Tips for Negotiating Salary at Deloitte
There are a few suggestions to bear in mind if you want to negotiate your wage if you are thinking about accepting a job offer from Deloitte or are already employed there. First, research the salary range for your position and industry to determine your market value. Second, highlight your skills, experience, and achievements to demonstrate your value to the company. Third, be confident and professional during the negotiation process. Finally, be prepared to compromise and consider other benefits such as flexible work arrangements or additional vacation days.
Future Career Growth for Deloitte Consultants
Consultants and senior consultants at Deloitte have the opportunity to advance their careers and take on more challenging roles. They can progress to become managers, directors, and partners in various industries and departments. Deloitte also offers its employees opportunities to work in other countries and gain international experience.
Frequently Asked Questions (FAQs)
- What is the salary for a consultant at Deloitte in India?
The salary for a consultant at Deloitte in India varies depending on several factors such as experience, location, and job role. However, the typical wage range for a consultant at Deloitte in India is between ₹4,00,000 and ₹15,00,000 per annum.
- How much does a senior consultant at Deloitte in India make?
The salary of a senior consultant at Deloitte in India varies based on various factors such as experience, location, and job role. Senior consultants at Deloitte may typically expect to make between ₹9,00,000 and ₹28,00,000 per year.
- What is the starting salary for a fresher at Deloitte in India?
The starting salary for a fresher at Deloitte in India varies based on the job role and the location. However, a fresher’s annual beginning pay at Deloitte India might range from ₹3,50,000 to ₹6,00,000.
- How does Deloitte’s consultant salary compare to other companies?
Deloitte’s consultant salary is considered competitive when compared to other companies in the industry. However, the salary structure may vary depending on the location and the job role.
- What are the benefits of working at Deloitte?
Deloitte offers several benefits to its employees such as health and wellness programs, retirement benefits, employee assistance programs, paid time off, flexible working arrangements, and various other professional development opportunities. Additionally, Deloitte provides its employees with a comprehensive benefits package that includes health, dental, and vision coverage, life and disability insurance, and other perks and discounts.