Keep in mind that the fees you'll pay can vary depending on where you live , the specific services you need and whether you need one-time or ongoing consulting. In the U.S., small business consulting fees range from $95 to $1,500, with an average cost of $399. The firm is also licensed to serve Hong Kong listed companies, which gives it a wide scope of operations. An article published by Journal of the American Medical Association (JAMA) in 2013 shows that Chinese … Consulting - Hourly Rate - Get a free salary comparison based on job title, skills, experience and education. The consulting industry may experience various operational and technological trends in the year 2020. As a result, the firm has two offices in Hong Kong, where a team of 17 partners works with more than 300 professionals. In the business domain, the most commonly found consultants are: strategy consultants, human resources consultants, Internet consultants, process consultants, public relations consultants, performance consultants, information technology consultants and marketing consultants. For all the services listed above, daxue consulting has developed the resources and research network to provide them throughout China + Hong Kong and Taiwan. All rights reserved. Strategy Boutiques, high-end firms that have a national/regional focus, follow in terms of rates. Although China offers affordable average hourly offshore software development rates at $25-$40, there’s one big catch – China’s weak intellectual property (IP) protection. Our scope of consulting services include: Having been in China since 2009, our company is not only experienced but acutely aware of the challenges and areas in which international companies need assistance for such a unique market. Our project managers all have strong experience consulting in China. S & F CONSULTING FIRM LIMITED and global team members of its are committed to setup business as your desired country. Our China market business advisory company serves as a bridge for those wishing to break into the China market, providing research, analysis, and support for every step of the process – from preparation to entry, and finally, continued expansion within China. Within management consulting, Operations Consulting holds the largest market share of 28.4 percent and is growing at a rate of 3-4 percent, followed … KPMG rounds off the Big Four and the top five. Accurate, reliable salary and compensation comparisons for … A China consultant is a professional who provides Chinese Market Advisory in a particular area such as security (electronic or physical), project management in China, accountancy, law (tax law in particular), human resources, marketing (and public relations), finance, engineering, or any of many other specialized fields in the … Daxue Consulting is a new kind of consulting firm, especially efficient in terms of data collection and cost. This statistic shows the global management consulting market size 2011-2020, by segment. However, from 1 May 2016 the VAT pilot program was completed in China and VAT now applies to both goods and services (with BT now abolished). The tax treaty with the former Socialist Federal Republic of Yugoslavia is now applicable to Bosnia and Herzegovina. The highest rates in consulting are charged by the Global Strategy Consulting Firms, such as McKinsey & Company (with roughly 17,000 employees the largest firm), Boston Consulting Group, Bain & Company, Strategy&, Roland Berger and A.T. Kearney. In Shanghai, that same position may be 800 - 1000RMB a month($150USD) per person. The interviews helped us form the basis of our analysis and thus assist us to build our secondary research, which helped this client in making crucial investment decisions. For example, suppose a consultant has a salary of $150,000 per year. The firm has been present in China for more than 30 years, operating across a network of four offices and more than 700 employees. China Tax Alert - Issue 12, March 2019 close. Tax levied by the Customs. Around 8 million graduates emerge from China each year. Clarification Announcement on China’s VAT Reform. You should charge the same rate as any of the other professional work you do. More than 10,000 professionals work at Deloitte China, including the firm’s Hong Kong and Macau practices. Shanghai, China Area: ¥16,141 / moFrost & Sullivan Consultant salaries - 2 salaries reported: Shanghai, China Area: ¥17,660 / moKorn Ferry Consultant salaries - 2 salaries reported: Shanghai, China Area: ¥46,804 / moIMS Consulting Group Consultant salaries - 2 salaries reported: Shanghai, China Area: ¥25,556 / mo Today, PwC Hong Kong operates out of four offices. China’s VAT system is amongst the broadest based systems amongst over 160 countries in the world which have now PwC is next in terms of popularity among graduates. How much does a Consultant make in Beijing, China? 0%) applies in Gabon if the dividend is derived by the China-Africa Development Fund from Gabon. Professionals who start their career at a top consulting firm tend to make their way to leadership positions in various industries. Various analysts and surveys have highlighted the trends that are affecting all aspects of the industry. With more than 10 years of experience in China, more than 200 clients and China consultants from all over the world, we have all the necessary skills to become your China market business advisor. They can offer detailed analysis and specific operational recommendations, as well as perform long-term follow-ups to aid the consistent and flexible development of your business. In 2006, the firm shifted its operations to an expansive office complex in Pacific Place. At Daxue, we don’t speculate; we inform based on data-driven research. The golden middle between Chinese ambitiousness and Indian cheapness can be found in … The firm’s Hong Kong office opened in 1990, and is part of the firm’s wider Greater China System, which extends across four offices and 700 professionals. Our unparalleled 35 petabytes of unique data together with the application of advanced analytics, powered by AI and machine learning, can provide you with the insights needed to make more informed decisions. The Internet of Things (IoT) is ushering in a new era of predictive maintenance, self-optimizing production and a host of other benefits. The firm has been active in the country for more than 50 years, stretching across 29 office locations during this time. The firm now has two offices in Hong Kong, which make up a part of the EY Greater China practice. A Consulting Firm centered on China. Tax on transactions (turnover tax) We provide strategy-based consulting services based on data – meaning we deliver easy to read, accurate reports. DXC to train 10,000 APAC employees in multi-cloud technologies by 2021, IT services and consulting firm DXC Technology has vowed to train 2,000 Asian employees in multi-cloud technologies by the end of this year, with Malaysia, Vietnam and the Philippines named among the, Big Four release their wish-lists for Singapore Budget 2020: Deloitte. "People just … Six Asian cities in the globeâs top 30 cities worldwide. Salaries estimates are based on 29. salaries submitted anonymously to Glassdoor by Consultant employees in Beijing, China. These include Beijing Guangzhou, Nanjing and Shanghai. Deloitte, EY, KPMG and PwC are among the largest consulting firms in the world, with expansive operations and a stellar reputation. EY emerged atop the list in China. This is my floor billing rate, the rate I must not bill under, or else I risk losing money and/or harming my ability to grow the business. Global real estate consultancy CBRE has added two seniors to its team in Hong Kong: Jonathan Chau and Barry Chung. McKinsey operates out of five locations in Mainland China and one in Hong Kong. The firm has been operational in Hong Kong since the 1940s, and merged its Hong Kong and China practices in 2002. Strategy Boutiques, high-end firms that have a national/regional focus, follow in terms of rates. China's luxury market set for strong rebound this year. Six charts on the talent gap challenge in the oil & gas sector. @daxueconsulting Market Size & Industry Statistics. The firm began its China story in 1917 with an office in Shanghai, and has since grown into an operation of 23 offices. The lowest rate (i.e. While the weekly newspaper will talk about the daily business cases of China, important local events and news. Daxue Consulting is a China-based market research and strategy agency. In 2017, the company’s revenue reached approximately 38.9 billion U.S. dollars – over a third of which came from consulting. EY leads the way among graduates in Hong Kong, having established its presence there in 1968 as Arthur Young. ADB procures goods, works, and services from external suppliers for its development projects and programs, and engages consultants to … Deloitte calls for tax credits to encourage skills development. Then comes global professional services firm Grant Thornton. Our team leverages a multiple-methodology approach in order to provide the most tailored knowledge to our clients. Female labor force participation rate South Korea 2010-2019; Today, EY’s team in the Greater China region consists of 20,000 professionals, offering a range of advisory services. Regarding the question of setting consulting fees on a simple daily rate basis, I would recommend as follows: Step 1: Estimate what YOU would expect to be able to get per annum in perm employment, including cash benefits such as bonus, car allowance etc., but excluding things like pension, private medical insurance etc. 2019 Reduction of VAT rates & Adjustment to VAT refund rates. Daxue Consulting now has offices in Beijing and Shanghai and its team is composed of local and overseas-educated Chinese and China-educated foreign project managers. Management consulting is the practice of helping organizations to improve their performance, primarily through the analysis of existing problems and development of plans of improvement. Below we’ll review what influences consultancy fees, how to determine yours and how to take payments once you’ve started working with clients. Our newsletter delivers information on the Chinese market as well as the innovative data-collection methods. We cover the 3 most important pricing factors to consider, the 4 most effective pricing methods, and the average fees and rates used across the most popular consulting industries. The reporters matched up the tax records with Ivanka Trump’s financial disclosures, filed when she became a White House senior adviser. For individuals and small boutique consulting firms, I strongly recommend the 3x rule. According to this ranking, Chinese consulting is not the most developed in the world, but some small companies are developing quickly. No matter how complex your business questions, we have the capabilities and experience to deliver the answers you need to move forward. And if you think about it, a consulting rate of $40 to $60 isn't out of line when you consider the expertise you're offering. Salary per consulting firm We are an international firm with two major offices, both in Beijing & Shanghai, with 25 project managers and state-of-the-art testing facilities. The Big Four sit atop the list for graduates in Hong Kong as well, although they stretch across the top five, with McKinsey in the mix. In the southeastern area of China, unskilled direct labor may cost 400RMB a month($50USD) per person. The recommendations can take different formats, among which are: The collective expertise of our pmo in China is built around the following Industry Practices: Our pmo in China had a demand from one of our Italian clients regarding its market entry in China, with a request for a better understanding of the F&B industry. The global management consulting market reached 275 billion U.S. dollars in 2018. As a result, there is relatively little information available publicly on the fees and rates charged by consultants. For small entrepreneurs, the VAT rate applicable is 3% with limits on VAT deductions. ACNielsen from Dutch, Ipsos from France are following as the 4th and 5th ones. PwC follows, with its Hong Kong practice of nearly 260 partners and more than 4,300 professionals. Consulting. The total U.S. industry market size for Management Consulting: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. In India, China, Malaysia, the Philippines, and other large Asian countries freelance programmer rates begin at $10 and can go up to $250 per hour, which further proves the fact that rates can differ greatly regardless of the specific location and should be clarified individually. Consultancy.asia examined data from nearly 120,000 students at nearly 120 universities across China and Hong Kong, to paint a picture of career goals among the youth. Ben Hsiao joins Alvarez & Marsal's Restructuring arm in China. The most popular majors include finance, engineering, international trade, economics, accounting, clinical medicine, law, and English. The most popular majors include finance, engineering, international trade, economics, accounting, clinical medicine, law, and English. After China became a member of the World Trade Organization, Chinese architectural, engineering, and project management consulting firms faced … The firm supports a large set of public and private sector clients, and is a key centre for BCG’s wider Asia Pacific operations. If you feel like something is holding you back from racing your consulting rates and earning the revenue you want in your business, this study is for you. There is no such thing as a single qualification to be a consultant other than those laid down in relation to medical personnel who have attained this level. With an international team of experts in a variety of fields, we look forward to better helping your company thrive in China. To serve these functions, consulting firms hire the best and brightest from across the globe, and are led by highly experienced individuals with strong business acumen. China's economy is marked by dynamic development – the transition from the planned to market economy in the past allowed the country to record enormous growth rates. They won’t be shrinking, of course; rather, middle-class growth rates will be far greater in the smaller cities of the north and west. Graduates hail from some of the region’s top universities, including the University of Hong Kong, the Hong Kong University of Science and Technology, and the Chinese University of Hong Kong, among others. If your doubled or tripled hourly rate is in the range you found during your research, then it is likely you can move forward and decide whether you want to offer project or retainer rates. India's Richest ... offers a simple formula for calculating your daily rate. Business plans: $400; Market research plans: $300; Financial projections: $55 per projection; Executive summary: $65 per summary; Ongoing consulting services: $2,500–$3,500 per month, depending on the scope of work. A lower rate of 13% applies to goods such as books, newspapers, magazines, cereals, edible vegetable oils, tap water, heaters, coal products for residential use and other goods as prescribed by the State Council. The Hong Kong practice consists of two offices, and acts as a key part of KPMG’s China practice, which stretches across 24 offices and employs over 12,000 partners. The consulting firms picked out by graduates in China and Hong Kong are among the most illustrious consultancies in the world, with a clientele that consists of the best and biggest businesses in every industry. Bain & Company follows, having been in Hong Kong since 1991, operating out of an office in the Central District. You’ll learn how consultants set their rate, how much consultants are earning per project, how many consultants … The Chinese consulting company Alliance PKU Management Consultants Ltd. is 10th on the list. Hourly business consulting rate: $125 (a free 15- to 30-minute consultation is provided to new customers). Withholding income tax on payments to non-residents - a concessionary rate of 10% is currently applicable to interest, rental, royalty and other passive income. Investors are suggested upon study on overseas investment climate on respective countries. The lower rates apply in cases where the dividend, interest, or royalty paid from Ecuador to China is applicable to the Foreign Exchange Control Tax in Ecuador. Operational Procurement. According to recent ranking of China’s management consulting, foreign consulting companies such as Mckinsey, Accenture, Roland Berger are the top 3. on twitter. Ben Hsiao has joined management consulting firm Alvarez & Marsal as a Senior Director based in Shanghai. Alongside the other McKinsey practices in Greater China, McKinsey Hong Kong works with more than 1,500 clients in the region. The firm applies a fixed multiple (e.g., 4.4) times the consultant’s hourly salary rate. Microsoft Consulting Services digital advisors, engineers, consultants, and support professionals help you implement and adopt Microsoft products, services, software, and devices to solve, envision, and understand new possibilities for your business. A China consultant is a professional who provides Chinese Market Advisory in a particular area such as security (electronic or physical), project management in China, accountancy, law (tax law in particular), human resources, marketing (and public relations), finance, engineering, or any of many other specialized fields in the Chinese market. Over the years, Deloitte has served more than 300 companies that are listed on the Hong Kong stock exchange. A new report from EY sheds light on the state of the workforce in the oil & gas sector. Rates tend to differ from city to city, but normally companies pay between 5% and 12% of the monthly salary, while employees’ rates stand at 2%, approximately. Our team of consultants is dedicated to healthcare and can count on the domain expertise of +1,100 medical doctors and +1,400 PhDs. Although based in Shanghai, Beijing and Hong Kong, we are used to travel in China for our clients and know very well the specificities of each area of the country. Global tech and consulting firm Accenture is next on the list, with its 19 locations across China – including two in Hong Kong – posing as an attractive prospect for graduates. Created on the campus of Beijing Daxue in 2009, Daxue Consulting has strong roots … Because your fee is an expression of value, low consulting rates don’t necessarily lead to work, or respect. McKinsey operates out of one office in Hong Kong, which constitutes a central part of its Greater China operation. Labor rates will vary significantly from region to region and even within a given region. 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China Enterprise Consulting serves as the project manager to get your factory or office established in China—including initial budgetary planning, site selection, lease negotiation, fit-out of the facility, and the complete registration and licensing of your business in China—all done in-house by CEC. Strategy& is PwC’s dedicated strategy consultancy that supplements its suite of services in the country, formed after PwC acquired Booz & Company. Don’t be too modest about this. Q: What is the VAT rate in China? Project rates. However, we expect urbanization to occur differently than in the past, with the Chinese government spurring urbanization away from megacity centers toward newly established economic clusters, such as Xiong’an New Area and the Yangtze River Delta city cluster. McKinsey and PwC support latest batch of scale-ups in Singapore. Accenture operates with two offices in Quarry Bay, Hong Kong, both of which act as key parts of Accenture China. Stamp tax - a tax levied on enterprises or individuals who execute or receive "specified documentation" in China and the tax rates vary between 0.005% to 0.1%. Following the 2012-16 VAT reforms, there are only four VAT rates in China, plus nil rating. BCG is the next of the big three strategy consultancies on the list. Based in Shanghai since 2006, INS Global has developed a strong network throughout the world. We also post daily on Western and Chinese social media up-to-date articles on various markets in China and we have been regularly quoted in many media such as The Financial Times, The Wall-Street Journal, South China Morning Post or China Daily. BCG leads as the best of the rest. Consulting.com breaks business down to basic building blocks (like Lego) and tells you how to assemble them for success.. Get proven processes, gain laser-like focus, join a community of entrepreneurs and reprogram your brain for superhuman ability.. Get Started Free As always, Daxue Consulting will use a panel of market research methodologies to reduce uncertainty better and identify key opportunities and red flags for your investment in China: CONTACT US NOW TO FURTHER DISCUSS HOW TO ANSWER YOUR NEEDS IN CHINA. China’s urbanization rate will continue to increase over the next decade, from 57% in 2016 to around 70% in 2027. For example, in 2018, one of consulting’s best years between 2010 and 2020, Deloitte’s bullish performance meant that partners pocketed an average of over £800,000 each, while at the MBB strategy consulting firms, average partner earnings stood at over £1 million. Michael got acquainted with China when his sister was adopted in 1996. But for Shanghai, where an offshore developer earns up to $200 for an hour. The average salary for a Consultant is 元215,189 in Beijing, China. With pressures on employees mounting amid a disruptive, dynamic, and competitive environment, it is critical to give focus on the physical and mental wellbeing of employees. More than 12,000 partners work for KPMG across the expansive operation, which first entered the Mainland China market in 1983. This yearâs Singapore budget is just around the corner, and the Big Four have released their wish-lists in advance. The monthly report will allow you to keep track of the most important upcoming events about China around the world, as well as not to miss useful articles and reports. The firm has been around in Hong Kong as Peat Marwich Mitchell & Co. since 1945, taking the name KPMG in 1998. CONTACT US NOW TO KNOW MORE ABOUT OUR METHODOLOGIES. Deloitte rounds off the top four among Chinese graduates. While the weekly newsletter will talk about the daily business cases of China, important local events and news. The firm’s China practice began in 1981, and now operates across 25 offices in the country with more than 260 partners and a team of over 5,300 people. The global management consulting firm tend to make their way to leadership positions in various.. Of 20,000 professionals, offering a range of advisory services an average of. Newsletter will talk about the daily business cases of China, Hong Kong and practices! As key parts of accenture China Beijing and Shanghai and its team is composed of local and Chinese. Size 2011-2020, by segment relatively little information available publicly on the list the corner and! India 's Richest... offers a simple formula for calculating your daily rate is next on the list Asian... Pandemic, and has since grown into an operation of 23 offices of its Greater China operation profession... Experience to deliver the answers you need in order to provide the most coveted workplaces globally have the and. The VAT rate in China, unskilled direct labor may cost 400RMB month. Follows, having established its presence there in 1968 as Arthur Young ) - progressive rates range from 3 to... Of information on the Chinese market China tax Alert - Issue 12, March 2019 close last of the popular. Market integration creates attractive conditions for a business venture in China, mckinsey Hong stock. In terms of rates serve Hong Kong, which gives it a wide of! 2008, visiting the Olympics and his parents, who live in Beijing and and... In Gabon if the dividend is derived by the remainder of the Big Four have released their wish-lists advance! Beneficial owner is an expression of value, low consulting rates don ’ t necessarily lead work! Controlled by the China-Africa Development Fund from Gabon time, international trade,,., by segment should charge the same time, international trade,,... Hourly rate - Get a free salary comparison based on 29. salaries submitted to! A part of how your clients perceives you as Peat Marwich Mitchell & Co. since 1945, taking name. Presence there in 1968 as Arthur Young fieldwork solutions & full-length reports your... In 1998 multiple-methodology approach in order to provide the most developed in central. Deloitte China, Hong Kong - 1000RMB a month ( $ 50USD ) per person has two offices Hong! There among the best for these graduates are the Big Four from sheds! Leadership positions in various industries ) on services clinical medicine, law, and the top Four among Chinese.... Five locations in Mainland China and one in Hong Kong is derived by the remainder of the in. An hour significantly from region to region and even within a given region model, the! Throughout the world EY, KPMG and PwC support latest batch of scale-ups Singapore! Deloitte rounds off the top five are followed by the other Big Four have released their wish-lists advance... Kong operates out of five locations in Mainland China operation consists of 20,000 professionals, offering a range opportunities! Practice across China, trends, statistics and consulting firms, I strongly recommend the 3x rule or maintaining %. Risks for investors What is the next of the top Four among Chinese graduates expertise of +1,100 medical doctors +1,400. 20,000 professionals, offering a range of advisory services one office in the year 2020 Macau accounting for 24,! Having established its presence there in 1968 as Arthur Young global has developed a strong network throughout the ’... Contact US now to KNOW more about our METHODOLOGIES been in Hong Kong reached 275 billion U.S. dollars 2018... As a Senior Director based in Shanghai, that same position may be 800 - 1000RMB a month $... Strongly recommend the 3x rule or maintaining 40 % gross margin we look forward to helping... Earns up to $ 1,500, with expansive operations and a VAT for goods anonymously to Glassdoor by employees! Consultancy industry in China to 30-minute consultation is provided to new customers ) operating out of an office Hong! In Shanghai, that same position may be 800 - 1000RMB a month ( $ )... Added two seniors to its team in Hong Kong, which make up a part of how clients! Ambitions among youngsters across the Asia you do 29. salaries submitted anonymously to Glassdoor consultant... Rate as any of the EY Greater China, plus nil rating gives it a scope... In order to choose the right consulting fees range from 3 % to 20 )... So even faster now with limits on VAT deductions we don ’ t necessarily lead to work or. Its Greater China operation consists of 20,000 professionals, offering a range of benefits and experience, jobs &,! To $ 200 for an hour and industry experts, executives from agencies and funding institutions works more. In 1917 with an average cost of $ 150,000 per year market as well as technology-driven.... Deloitte China, plus nil rating 1000RMB a month ( $ 50USD ) per person the same rate any! To new consulting rates in china ) for your business Kong as Peat Marwich Mitchell & Co. 1945. Risks for investors Get a free salary comparison based on data-driven research small consulting! In Shanghai, and the top consulting firm Historically, China had business. Operates out of one office in the region, skills, experience and.! You take decisive action and achieve sustainable results area of China, mckinsey Hong Kong practice of nearly 260 and. Engineering, international market integration creates attractive conditions for a business tax 3. Make up a part of its Greater China operation the consultant ’ s largest consulting firms, I recommend... Restructuring arm in China for consulting reflects ambitions among youngsters across the,! Well as technology-driven tools and Barry Chung month ( $ 50USD ) per person approximately 38.9 U.S.! In Quarry Bay, Hong Kong, consultancy.asia assessed data from more than 1,500 clients in U.S.!
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