Bain looks for practical, leadership experience. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Contribute Manager At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. ), and one-time work-from-home bonuses have become more common. Eventually it will unless its offensive or libelous (in which case it wont.). The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. The figures are drawn from Management Consulted. Overall, our data shows that there isnt much difference in compensation between firms. 73% of these revenues were spent on pay. 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. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Masters-level graduates get offered around $112,000 in base salary at Bain. Lets compare the entry level salaries between both countries. A Bain consultant salary is one of the most competitive in the management consulting industry. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. Are you an impact player? Your email address will not be published. Bain's consultant salary in the UK is the highest out of the three at 97,000. 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. Have a confidential story, tip, or comment youd like to share? The exact size of this payment is driven by the role and distance of the relocation. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. technique - and why do banks like it? Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 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. Contact:sbutcher@efinancialcareers.comin the first instance. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. How much do Bain & Company employees make? 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 28 emails packed with tips. Apply Today. 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. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. 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. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Their salaries typically start at 55,000 and can be as high as 65,000. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain & Company Salaries trends. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Two-to-three years out of an MBA program, Bain manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. 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. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. ramona car accident sunday; mountain meadows subdivision Read more about Consulting Salaries For MBA & Masters Graduates. Its worth noting that your financial compensation- though excellent is perhaps the least important way, in the long run, that you are compensated for the work you do at Bain. The estimated additional pay is $85,928 per year. Learn how much management consultants make based on the firm and their experience level. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. The significant difference also holds true for new hires with an MBA or PhD. This article is updated annually. McKinsey also offers to pay 50% of MBA tuition for returning interns. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. But compensation is competitive from the beginning. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. For new MBA graduates basic salaries are between 80,000 and 90,000. MBA hires at Bain get PTO vacation of 25 days per year. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. McKinsey and BCG pay 90,000 and 93,000 respectively. Each firm has a set base salary at a given entry point and decides the entry point based on the candidates experience and interview performance. 2022 MConsultingPrep | Intellectual Property protected by DMCA. Our model gets smarter over time as more people share salaries on Glassdoor. What does it take to be a Bain management consultant? Some receive only 10% of the potential payout. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. The community relies on everyone sharing. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Have a confidential story, tip, or comment youd like to share? The salary growth itself is steep as you get promoted. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. . Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Thats not to mention all the add-ons. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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. . Across 64 cities in 39 countries, we work alongside our clients as one team with a. These employees in the US earned an average base salary of $165,000 a year. You can expect the salary progression of the top 3 firms to look similar to the chart below. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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). Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). 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. Salaries posted anonymously by Bain & Company employees in Hurst, England. 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). BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. If there is any room for negotiation it will be with the sign-on bonus. While MBB firms froze salaries, they offered other perks, and there are some differences 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. Apply today for the Associate Consultant Athens 2023 with Bain & Company. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Generally, the bonus is normally distributed. 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. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? 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. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. PwC UK pays Consultants a nice 85,000/year. 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. 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. 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) Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Jonathan Paul, Associate Consultant #atBain In terms of living costs and compared to the average salaries, countries like Germany come out on top. Access all the online resources you need for success in your case and fit interviews. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. They are very generous with top performers towards the top percentage of the cohort, so the average total compensation over a typical three year period may be higher for top performers at Bain versus other firms. 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. 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. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Find thousands of job opportunities by signing up to eFinancialCareers today. 32 Bain And Company Jobs in India Associate- Data Scientist Bain & Company Gurugram, Haryana, India Actively Hiring 1 month ago Associate - IIM Indore (Batch of 2023) Bain & Company Gurugram,. Bain promotes top performers faster and rewards them better than at other firms. 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. But theres no single answer to the question of what a Bain salary is, of course. Some firms offer this as part of their standard package, while others dont. ), 2023 eFinancialCareers - All rights reserved. Hence, the maximum bonusis given only tothe few % of consultants with a perfect rating, whereas the majority receives around 40 to 60% of the maximum amount. 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. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Consultant $202K. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Can you make it happen? When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Entdecken Personen E-Learning . Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. The consulting industry has been booming in recent years, and going hard after top talent. Average salaries for Bain and Company Consultant: [salary]. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 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. Plus sample case and fit interview videos. Well tell you how much you can expect as an entry-level employee. 2021 local clinical excellence awards (LCEAs) The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at 3,092. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Lets take a look at how the Bain consultant salary varies by role. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Salary 28.00ph - 38.00ph +holiday pay . Read what they think about their salaries on our Compensation FAQ page for Bain & Company. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Find Jobs ETR: Careers. The community relies on everyone sharing. 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. Extraordinary Outcomes. I was going to help people solve problems. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Your input helps Glassdoor refine our pay estimates over time. The salary trajectory of a Consultant ranges between locations and employers. Required fields are marked *. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The estimated base pay is $159,610 per year. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. This is a breakdown of management consulting salaries in 2022. These numbers are just starting salaries. 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". Know Your Worth. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. At Bain, we champion the bold to achieve the extraordinary. We even created Excel templates and PowerPoint presentations. My path to Bain has been interesting. The median compensation package totals $185K. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. 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. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Read Jonathan Paul's full story! Holy crap. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Learn more Apply Now Consulting salary grows at 5 percent annually on average. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. And find the best graduate job opportunities on Bright Network. 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). 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. Its on the level of McKinsey or an Ivy League education. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. In 2021, all three BBM firms were only paying $90k salaries. 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Join 90,000+ on the #1 consulting prep channel! As well as Bain consultant salary benefits, careers at Bain come with many perks. Get a free, personalized salary estimate based on today's job market. 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. 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.