shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. There is also some variance over the size of relocation packages, with Bain being the most generous. Bain Associate Consultants in the US can make up to $122,500 each year, with $90,000 from base salary, $22,500 from bonuses, and $10,000 from shared profits. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Average salary for Bain & Company Consultant I in Crete: US$192,000. Salary 28.00ph - 38.00ph +holiday pay . Posted 02 Mar 2023. If this is accepted, do not expect more than a few percents of your base salary, but you should also be ready for your request to be declined. How to Decide Between Bain and McKinsey When you have the good fortune of deciding between two offers at top consulting firms, there's really no wrong choice. Find Jobs ETR: Careers. f you want to work for thetop three consulting firmsthen theres not much in it. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. A comprehensive guide to Bain & Company Salary in 2020! From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. 73% of these revenues were spent on pay. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. The figures are drawn from Management Consulted. Are you an impact player? Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Some receive only 10% of the potential payout. Employees maintain this role for 6-24 months before rising to the level of Consultant. This article is updated annually. For new MBA graduates basic salaries are between 80,000 and 90,000. 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 recruits MBA and masters level consultants from top US business schools including Harvard, Wharton, and Stanford as well as schools outside the US like INSEAD, HEC Paris, and London Business School. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Adjustment?McKinsey & Company Bain & Company Boston Consulting Group, Rare to see folks who worked at both firms, but would appreciate comparison around opportunities (across practice areas), top end compensation and exits in McKinsey and Bain, India. 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. The pension funds can also be managed by McKinseys internal hedge fund, which has a great performance track record and includes investment vehicles not typically accessible to the general public. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 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. Bain & Company Salaries trends. But theres no single answer to the question of what a Bain salary is, of course. Your email address will not be published. In 2021, all three BBM firms were only paying $90k salaries. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. However, if you have a good rationale for requesting a sign-on bonus you should ask. 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. PwC UK pays Consultants a nice 85,000/year. Get a free, personalized salary estimate based on today's job market. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Learn more Apply Now Find thousands of job opportunities by signing up to eFinancialCareers today. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Yoeun Yoon Senior Manager Seoul Vicky Sun Manager Beijing Annie Medaglia Associate Partner Washington, DC Jake Mitchell Consultant San Francisco SEE MORE PROFILES Bold Thinking. 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. . 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. Learn how much management consultants make based on the firm and their experience level. The community relies on everyone sharing. Bain & Company Bain & Company/Facebook Potential total compensation: up to $216,250 Signing bonus: $30,000 (UK, 15,000, Switzerland: CHF 35,000) Relocation: $8,000 for under 400 miles;. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Bain looks for practical, leadership experience. And the Brain brand is very strong. This is a breakdown of management consulting salaries in 2022. MBA hires at Bain get PTO vacation of 25 days per year. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. 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. Consulting also has a fast career progression and meritocratic pay, which means that top performers stand to gain a high sum in a comparatively short period of time. They are slightly higher for 2020. 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! Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 1996-2023 Bain & Company, Inc. 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. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. At McKinsey, the figure remains at $45,000. Let us know if you spot any inconsistencies in our data. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Signing bonuses across all three firms remain at $30,000. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 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 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. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). There is some polarity when it comes to work-life balance. 2022 MConsultingPrep | Intellectual Property protected by DMCA. The firm advises. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. "Andrea Orcel is an excellent banker but his pay rise is extreme". Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Contribute Manager 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. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . If youre considering a career in management consulting, especially at a top firm like Bain and Company, youve probably been attracted to the competitive salaries offered in this field. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. That aims to maximize the chance of entering stage 2. At the time, I wondered why other companies hadnt thought of this genius business strategy. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Bain Manager Salary Managers at Bain design and oversee projects for clients. 20227 Monate. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. If there is any room for negotiation it will be with the sign-on bonus. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Bain Associate Consultant 52,271/yr Avg. The article did not discuss the specific tiles that each of the three firms uses. The significant difference also holds true for new hires with an MBA or PhD. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Master's-level graduates get offered around $112,000 in base salary at Bain. McKinsey and BCG pay 90,000 and 93,000 respectively. There is some flexibility to this schedule in comparison with some other top consulting firms. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Any update on the Mck comp. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. 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. Consultant $202K. Learn how much management consultants make based on the firm and their experience level. The 2021 salary report from industry coaching firmManagement Consulted shows that salaries at the top three firms McKinsey,Bainand Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Also, certain employees will earn a different actual base for a variety of reasons. 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. Jonathan Paul, Associate Consultant #atBain I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. While MBB firms froze salaries, they offered other perks, and there are some differences here. The difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. Office: Washington, D.C. 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. But an increasing number of boutique firms are appearing on the stage with traditional players. As for support stuff (e.g., junior analyst McKinsey salary, junior research analyst McKinsey salary, research analyst McKinsey salary) the salary is usually adjusted downward from the consultant role, which is in line with the lower work and travel demands for non-consulting roles. 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. If you are overcoming hardships, we wanna help! Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Bain's consultant salary in the UK is the highest out of the three at 97,000. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. The exact size of this payment is driven by the role and distance of the relocation. Invalid empty value or special character. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Forbidden characters: \. While the data has been validated with our applicants that received offers and triangulated with various sources, please be aware that consulting salaries are not an exact science and specific components can change relatively quickly for firms to stay competitive and usually increase every recruiting season. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, 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), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Bain only hires motivated, intelligent, creative, and highly competent people. Audience: All students Location: Statler 185 Learn More Mar 06 ), 2023 eFinancialCareers - All rights reserved. . Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Masters-level graduates get offered around $112,000 in base salary at Bain. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Junior partners or non-equity partners would make USD ~350k and young partners start at around USD 700k per year, both with more than 50% of their salary being variable based on a combination of their performance and their firms performance. 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 | Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Strategy consulting firms spent a lot on pay. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Find thousands of job opportunities by signing up to eFinancialCareers today. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Looking for the best preparation to ace your case interviews? Have a confidential story, tip, or comment youd like to share? bain consultant salary ukrestoration companies near paris. Our offices in London are conveniently located a stone's throw from the vibrant Soho area and within the East London business district of Canary Wharf. Can you make it happen? Associate Consultant Bain & Company Dec 2022 - Present4 months Article Trainee KNAV Sep 2019 - Sep 20223 years 1 month Mumbai Education The Institute of Chartered Accountants of India - 2018 -. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! He ranks as the most successful consulting case and fit interview coach, generating more than 420 offers with MBB, tier-2 firms, Big 4 consulting divisions, in-house consultancies, and boutique firms through direct coaching of his clients over the last 3 years. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. 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. The average Bain Partner Salary is in the neighborhood of $322,000 per year! The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. Specialist, Consulting Programs. Read Jonathan Paul's full story! Required fields are marked *. The consulting industry has been booming in recent years, and going hard after top talent. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Most of them cite a similar array of pros, which include a supportive, collaborative, and friendly environment among colleagues, an endless stream of opportunities for career development, the excellent Bain consultant salary, and a constantly stimulating & educational environment. The salary trajectory of a Consultant ranges between locations and employers. Well tell you how much you can expect as an entry-level employee. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Baindidn't break out its U.K. headcount in its report, but the company employs 12,000 people globally, around 1,200of whom are listed on LinkedIn as working in the UK. Your input helps Glassdoor refine our pay estimates over time. These numbers are just starting salaries. Top management consulting salaries for a specific firm are usually the same or only vary slightly within a given country, however, they differ greatly across countries and geographies. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, 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. Florian spent 5 years with McKinsey as a senior consultant. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Bain salary progression is quite steep relative to the corporate world. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Know Your Worth. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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. 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. 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. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? These employees earn an average base salary of $165,000 a year to start. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager.
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