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Accenture Salary – Lowest Compensation in the Consulting Industry?

This is a comparison of salaries for entry level positions in the US for University graduates interested in Business and IT jobs.

Statistics show that Accenture is paying much less than its competition, both in IT and Management Consulting. The exhibits below show both salary ranges (minimum to maximum) and average salaries per position. While the information should not be considered to be exact, it is useful for evaluating career options and negotiating your income.

Graduate Salaries in the US – IT Positions

The following salary information is for entry level positions that university graduates with an IT focus can apply to. All numbers are total remuneration (incl. wage, cash and stock bonuses, profit sharing, etc.)

Salaries in USDAverage
Amazon
Software Dev. Eng. II
$121,516$81k…$264k
Amazon
Software Dev. Eng. I
$99,388$74k$120k
Google
Software Developer
$116,299$65k…$190k
Microsoft
Program Manager
$99,650$65k…$169k
Microsoft
Software Dev. Eng. Test
$89,446$60k…$169k
Deloitte
Systems Analyst
$63,507$54k$110k
Microsoft
Software Dev. Eng.
$94,657$52k…$227k
IBM
Programmer Analyst
$63,897$45k$101k
Accenture
Programmer Analyst II
$59,003$40k$82k
Accenture
Programmer Analyst I
$46,568$35k$63k
Salaries in USDAverage

Source: glassdoor.com where employees report their salary information. This information was downloaded on July 29th, 2011 and averages updated October 15, 2011. Due to constant new reporting, numbers will change slightly. See the latest statistics for: Amazon (552 reports on salaries from Software Development Engineers II and 505 from Software Development Engineers I at the time of compiling this list), Google (1496), Microsoft (3743, 1260, and 4809, for the respective positions), IBM (205), Deloitte (185), and Accenture (505 reports for Programmer Analyst II and 184 for Programmer Analyst I). Note: company overview pages on Glassdoor.com only show (fixed) salaries, click on a specific position to view total pay.

As the exhibit shows, a Software Engineer at Google would earn 150% more than what a Programmer Analyst I earns at Accenture (on average). Not a nice thing to know that you earn only 40% of what your old class mates at Google (Software Engineer) are raking in, or 47% of what a Microsoft Program Manager earns (comparing average salaries). Makes you feel little appreciated.

An entry level salary at Accenture (average salary for a Programmer Analyst I at $47k) is only:

  • 73% of a Systems Analyst salary at Deloitte (average $64k)
  • 73% of a Programmer Analyst salary at IBM
  • 52% of a Software Development Engineer in Test (SDET) salary at Microsoft
  • 49% of a Software Development Engineer salary at Microsoft
  • 47% of a Program Manager salary at Microsoft
  • 47% of a Software Development Engineer I salary at Amazon
  • 40% of a Software Engineer salary at Google
  • 39% of a Software Development Engineer (II) salary at Amazon (!)

Graduate Salaries in the US – Business Positions

This salary information is for entry level positions for university graduates with a business focus. All numbers are total earnings (incl. salary, bonuses, etc.)

Salaries in USDAverage
McKinsey
Business Analyst (MC)
$88,767$72k$96k
Procter & Gamble
Assistant Brand Manager
$94,952$63k$108k
The Boston Consulting Group
Associate Consultant
$77,875$58k$112k
Booz & Co
Consultant
$74,892$56k$110k
PricewaterhouseCoopers
Advisory Associate
$65,146$50k$90k
Accenture
Mgmt. Consultant Analyst
$60,280$44k$78k
Salaries in USDAverage

Source: glassdoor.com where employees report their salary information. This information was downloaded on July 29th, 2011 and averages updated October 15, 2011. Due to constant new reporting, numbers will change slightly. See the latest statistics for: Procter & Gamble (32 reports for Assistant Brand Manager), McKinsey & Co (90), The Boston Consulting Group (61), Booz & Co (15), PricewaterhouseCoopers (286), and Accenture (51). Note: company overview pages on Glassdoor.com only show (fixed) salaries, click on a specific position to view total pay.

Of course it might not be fair to compare Accenture to prestigious companies like McKinsey, The Boston Consulting Group, Google, Amazon.com or the branding power-house Procter & Gamble. But, even compared to “normal” companies (though very good employers) like IBM or PricewaterhouseCoopers (PwC), Accenture pays badly.

If you would go to Procter & Gamble, you could expect to earn a hefty 60% more than the average Accenture salary as a Management Consulting Analyst. Seen from the other perspective, the Accenture analyst earns 63% (average $60k) of the Assistant Brand Manager at P&G (average $95k). But then again Accenture has little marketing expertise and mainly does CRM installations when it comes to marketing so if you’re interested in that field Accenture would be a very bad option anyway. Compared to PwC and Booz, the numbers improve slightly as the Accenture analyst earns 93% or 80% (respectively) of average entry level positions at those firms.

According to Wetfeet.com the range for undergrads in IT consulting is $35k-55k per year and in Management consulting $56k-84k per year (2010) in the US. Accenture is at the very bottom for IT (minimum at $35k and paying average $47k) and with an average barely above the very bottom for management consulting (minimum at $44k, average $60k).

Surely this article will get critiqued, it’s a sensitive topic. And true, the numbers are not exact due to being self-reported, statistically insignificant (e.g. the cases of Booz and P&G), etc. but the conclusion stays the same, Accenture pays well below what other companies pay.

Salary is not all, but it is a clear signal of how much your employer values you, and in Accenture’s case, how you will be treated.

Hopefully this information will increasing transparency and help Accenture employees negotiate salaries and put upwards pressure on the average compensation levels.




Written by
Published on July 29th, 2011





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