Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Lets compare the entry level salaries between both countries. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000.This incredibly high salary is one of the main attractions of Bain, as with any other top consulting firm. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. According to the exchange rate at the time of writing, this equated to a base Bain and Company consultant salary of $58,000, with up to $14,500 in performance bonuses. Bain offers relocation of $5,000, a housing allowance of up to $5,000 along with 20 days paid time off (PTO) vacation per year. This is comparatively high compared to graduate salaries in most other fields. . It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. If you are thinking of applying to McKinsey, BCG or Bain, make sure to sign up to our newsletter and receive free interview prep material in your inbox. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. The firm advises. McKinsey and BCG pay 90,000 and 93,000 respectively. Download our full salary and bonus survey here. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. The consulting industry has been booming in recent years, and going hard after top talent. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Bain Consultants in the US can make up to $226,500 each year, with $165,000 from base salary, $41,500 from bonuses, and $20,000 from shared profits. Bain & Company Salaries trends. Salaries posted anonymously by Bain & Company employees in Reading, OH. Join 90,000+ on the #1 consulting prep channel! Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. The salary figures in this article are for those joining management consulting positions in 2023. The average Bain & Company salary ranges from approximately 38,105 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Get started with your Free Employer Profile, OTC Equity Derivatives Client Relationship Manager, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Well tell you how much you can expect as an entry-level employee. technique - and why do banks like it? Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. You will see that consulting salaries increase by ~30% year-on-year over ten years with a comparably faster increase in the first three years followed by a sharp increase between the role of Associate Partner and Partner. But theres no single answer to the question of what a Bain salary is, of course. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. 1996-2023 Bain & Company, Inc. Contact: sbutcher@efinancialcareers.com, Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. What is the S.T.A.R. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. The salary trajectory of a Consultant ranges between locations and employers. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Know Your Worth. These employees earn an average base salary of $165,000 a year to start. Bain & Company is one of the world's leading management consulting firms, working with top executives to help them make better decisions, convert those decisions to actions and deliver the sustainable success they desire. Averages based on self-reported salaries. Apply Today. ), and one-time work-from-home bonuses have become more common. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. There is a lot of room for growth at Bain, both in terms of role and in terms of growth above your Bain starting salary. The average Bain & Company salary ranges from approximately $38,943 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. The community relies on everyone sharing. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. The cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Zurich, Switzerland . Any update on the Mck comp. For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from 40,000 and can be as high as 45,000. Based on the applicants tenure and experience, the top 3 consulting firms in the US pay signing bonuses in the range between USD 5k (for business analysts) and 30k (for senior associates and project leaders). Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Salary discussions are very important for most applicants at McKinsey, the Boston Consulting Group (BCG), and Bain after having invested significant amounts of money and time into their prestigious education. This article is updated annually. Contribute Manager Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Forbidden characters: \. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Audience: All students Location: Statler 185 Learn More Mar 06 The estimated base pay is $159,610 per year. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. This equates to $116,000 in base salary and $53,000 in performance bonuses. Healthcare M&A Associate - Leading Elite Boutique IB, Analyst/Associate, Infrastructure M&A and Debt Advisory, "Andrea Orcel is an excellent banker but his pay rise is extreme". Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. And if you happen to thrive in a challenging but supportive environment like Bains, you could easily see your Bain and Company salary rise to truly staggering figures as you advance along the promotion schedule. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The median compensation package totals $185K. Learn about the award and see why employees love working at Bain. Each promotion to a higher level will also coincide with a salary leap. We offer exciting career opportunities in a broad array of fields. New hires can expect relocation support payments between USD 2k and 10k. There is also some variance over the size of relocation packages, with Bain being the most generous. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? The figures are drawn from Management Consulted. It was a novel experience going from the tropical warmth to the freezing tundra that is Massachusetts, but the US has its merits (looking at you Amazon Prime)! MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The estimated additional pay is $85,928 per year. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the Bain associate salary level. Help make it more accurate by adding yours. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Senior Associate Consultant $137K. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. At the time, I wondered why other companies hadnt thought of this genius business strategy. Read Jonathan Paul's full story! Invalid empty value or special character. Learn how much management consultants make based on the firm and their experience level. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 2022 MConsultingPrep | Intellectual Property protected by DMCA. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. He started StrategyCase.com with the goal to make top-tier consulting firms more accessible for top talent, using tailored and up-to-date know-how about their recruiting. MBA hires at Bain get PTO vacation of 25 days per year. Access all the online resources you need for success in your case and fit interviews. . It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. The average Bain Partner Salary is in the neighborhood of $322,000 per year! It is unlikely that a consultant would move from one top-3 firm to another because of a difference in compensation, especially not below Partner level. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Strategy consulting firms spent a lot on pay. Florian spent 5 years with McKinsey as a senior consultant. McKinsey also offers to pay 50% of MBA tuition for returning interns. Until this year, however, pay at the big consulting firmshad been climbing. Total Pay Range Consultant 167 Salaries submitted 112,914 95,729 | 22,406 96K - 125K Associate Consultant 144 Salaries submitted 58,000 52,668 | 7,778 54K 64K Senior Associate Consultant 57 Salaries submitted 76,736 65,469 | 12,000 70K 81K Add your salary. In this article, we want to give you an insight into how much money you can expect and how your salary will progress as you move up the ranks at the different strategy consulting firms. Boston Consulting Group (BCG) Total compensation: up to US$206,250 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Overall, our data shows that there isnt much difference in compensation between firms. A Bain associate principal salary sits at around $275-to-$350,000, while Bain partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. In terms of living costs and compared to the average salaries, countries like Germany come out on top. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Bain Consultant salary (MBA/Experienced-level) Base: $165,000 (UK: 86,000, Canada: CA$160,000, India: 3,500,000, Germany: 103,000) Performance Bonus: up to $41,250 (UK: up to 20,000, India: 770,000, Germany: 25,000) Profit Sharing: up to $20,000 (UK: 6,000, Canada: CA$20,000) Retirement: 401k contribution up to $8,000 (UK: 10,000) Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 715 salaries for 117 jobs at Bain & Company in Hurst, England. That aims to maximize the chance of entering stage 2. Average salary for Bain & Company It Consultant in Crawley: 27,037. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Were excited to share that weve ranked #1 on Glassdoors Best Places to Work UK list and #3 on Glassdoors Best Places to Work U.S. list! The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. The salary information is posted above, where we note an average base salary of $90,000. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. f you want to work for thetop three consulting firmsthen theres not much in it. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Some receive only 10% of the potential payout. Bain looks for practical, leadership experience. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Bain Associate Consultants in the US can make up to $242,000 each year, with $175,000 from base salary, $37,000 from bonuses, and $30,000 from shared profits. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. At this level, youre expected to leverage your professional network to bring in clients. Apply today for the Associate Consultant Athens 2023 with Bain & Company. What is the S.T.A.R. The significant difference also holds true for new hires with an MBA or PhD. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. The average Bain & Company salary ranges from approximately 38,105 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Get started with your Free Employer Profile, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. Associate Consultant $118K. Required fields are marked *. Posted 02 Mar 2023. Bain & Company Salaries How much do Bain & Company employees make? If there is any room for negotiation it will be with the sign-on bonus. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Accounts recently filed by Bain & Co. Inc. for the year ending December 2020 show that Bain's UK entity earned 243m ($327m) in revenues last year, up from 198m in 2019. McKinsey interviews (2023): the comprehensive insider guide, How to interpret charts and data in case interviews, McKinsey Personal Experience Interview: comprehensive insider guide, Case interview examples (2023): a collection from McKinsey and others, McKinsey Solve Game (2023): How to prepare and ace the Imbellus, 2023 | Contact: +43 6706059449 | Bain Associate Consultant Salary in 8 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Here, consulting firms pay a significant premium over industry roles available to recent graduates, whereas UK consulting salaries are relatively low considering the high living cost of London. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. Also, certain employees will earn a different actual base for a variety of reasons. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 0 The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. Its also possible to get a relocation bonus of $8,000 if youre coming from under 400 miles away and $16,000 if youre coming from more than 400 miles away. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Additional pay could include bonus, stock, commission, profit sharing or tips. Manager $268K. The salary growth itself is steep as you get promoted. 2021-Apr. We can help you get your desired MBB consulting offer. Bain Manager Salary Managers at Bain design and oversee projects for clients. Bain Principals and Partners in the US can make up to $1,000,000 each year, with $400,000 from base salary, and $600,000 from bonuses. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). FlashFash). 73% of these revenues were spent on pay. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster and more. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). After two years as a Consultant, employees who remain with the company and perform well are promoted to Case Team Leader for another two years. Average salary for Bain & Company Consultant I in Crete: US$192,000. Eventually it will unless its offensive or libelous (in which case it wont.). Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Accounts recently filed by Bain & Co. Inc.for the year ending December 2020 show that Bain's UK entity earned243m($327m) in revenues last year, up from 198m in 2019. Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. At Bain & Company, entry-level consultants may earn up to $120,000 per year, while senior ones have salaries up to $230,000 (bonuses and profit sharing included). These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year. Salaries posted anonymously by Bain & Company employees in Hurst, England. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. ), and one-time work-from-home bonuses have become more common. We even created Excel templates and PowerPoint presentations. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? They are slightly higher for 2020. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. It's a very interesting job which gives strong basics to problem solving and data analysis, but this often comes with big cons, such as continuous travel and a not-ideal work-life balance. Thats not to mention all the add-ons. Consulting salary grows at 5 percent annually on average. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. The average additional cash compensation for a Strategy Consultant in the London, United Kingdom is GBP 4,697, with a range from GBP 1,367 - GBP 16,140. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Stage 3 Fit Interview & Case Interview: Check out 2 articles Bain Fit Interview and Bain Case Interview to have a clearer idea of what you may expect during your application. There is some polarity when it comes to work-life balance. Read more about Consulting Salaries For MBA & Masters Graduates. bain consultant salary uk. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. The community relies on everyone sharing. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The average salary for a Consultant is $70,432 per year in United States, which is 71% lower than the average Bain & Company salary of $245,538 per year for this job. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. I was going to help people solve problems. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Related Searches:All Consultant Salaries|All Bain & Company Salaries. bain consultant salary uk 2021 . By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Looking for the best preparation to ace your case interviews? Learn how this feature works. And find the best graduate job opportunities on Bright Network. They will usually remain at that level for up to two years. You can expect the salary progression of the top 3 firms to look similar to the chart below. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Office: Washington, D.C. Contact:sbutcher@efinancialcareers.comin the first instance. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Consultant is $70,432 per year in United States, The Ultimate Job Interview Preparation Guide. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Your input helps Glassdoor refine our pay estimates over time. Basic salaries at top firms For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from 40,000 and can be as high as 45,000.
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