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Bain only hires motivated, intelligent, creative, and highly competent people. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Each promotion to a higher level will also coincide with a salary leap. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. MBA hires at Bain get PTO vacation of 25 days per year. Our model gets smarter over time as more people share salaries on Glassdoor. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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. 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. 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! Download resume templates and watch in-depth, step-by-step resume advice videos. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Their salaries typically start at 55,000 and can be as high as 65,000. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Florian spent 5 years with McKinsey as a senior consultant. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. ), and one-time work-from-home bonuses have become more common. The community relies on everyone sharing. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Bain looks for practical, leadership experience. The estimated additional pay is $85,928 per year. Average salaries for Bain and Company Consultant: [salary]. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Related Searches:All Consultant Salaries|All Bain & Company Salaries. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. . For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Yet, top performers can rise to $220,000 at the high end. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. 20227 Monate. McKinsey also offers to pay 50% of MBA tuition for returning interns. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. 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. If there is any room for negotiation it will be with the sign-on bonus. Are you an impact player? Across 64 cities in 39 countries, we work alongside our clients as one team with a. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. But an increasing number of boutique firms are appearing on the stage with traditional players. 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. f you want to work for thetop three consulting firmsthen theres not much in it. The community relies on everyone sharing. OneDay @BCG Learn more Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Average salary for Bain & Company It Consultant in Crawley: 27,037. Some receive only 10% of the potential payout. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. To improve your skills in all areas of the interview, check out our targeted offers below. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. There is some flexibility to this schedule in comparison with some other top consulting firms. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Invalid empty value or special character. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Why consulting? 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 52,271/yr Avg. Office: Washington, D.C. The salary figures in this article are for those joining management consulting positions in 2023. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Master's-level graduates get offered around $112,000 in base salary at Bain. 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. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. What is the S.T.A.R. Bain promotes top performers faster and rewards them better than at other firms. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. These numbers are just starting salaries. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? A Bain consultant salary is one of the most competitive in the management consulting industry. In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. 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. Competition for talent is high, and it has driven salaries up. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. Entdecken Personen E-Learning . Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. . 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. I was going to help people solve problems. How much do Bain & Company employees make? Contact:[email protected] the first instance. 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. 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). 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. The estimated additional pay is $85,928 per 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, 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. 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. 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 lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Overall, our data shows that there isnt much difference in compensation between firms. Access all the online resources you need for success in your case and fit interviews. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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)! Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Private Equity / VC Jobs verfgbar bei eFinancialCareers. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Well also take a look at the nature of the career path at Bain, as well as employee reviews. And find the best graduate job opportunities on Bright Network. Managers at Bain design and oversee projects for clients. New hires can expect relocation support payments between USD 2k and 10k. Can you make it happen? My path to Bain has been interesting. 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. This is a breakdown of management consulting salaries in 2022. 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. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Lets take a look at how the Bain consultant salary varies by role. 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. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. At McKinsey, the figure remains at $45,000. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Manager $268K. 8 full cases with solutions (incl. They will usually remain at that level for up to two years. Join 90,000+ on the #1 consulting prep channel! Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Total Pay 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. ramona car accident sunday; mountain meadows subdivision While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. We offer exciting career opportunities in a broad array of fields. At the time, I wondered why other companies hadnt thought of this genius business strategy. Download our full salary and bonus survey here. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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. Learn how much management consultants make based on the firm and their experience level. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. Bain salary progression is quite steep relative to the corporate world. 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. Well tell you how much you can expect as an entry-level employee. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. 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. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Until this year, however, pay at the big consulting firmshad been climbing. Your input helps Glassdoor refine our pay estimates over time. 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). Learn about the award and see why employees love working at Bain. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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 the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. In exchange for putting in some long hours at Bain, you will learn an incredible amount from highly intelligent and knowledgeable people clients and colleagues across a wide range of business functions. The significant difference also holds true for new hires with an MBA or PhD. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Jonathan Paul, Associate Consultant #atBain 0 Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Eventually it will unless its offensive or libelous (in which case it wont.). They are slightly higher for 2020. 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.