Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . 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. Read more about Consulting Salaries For MBA & Masters Graduates. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Learn about the award and see why employees love working at Bain. Learn how much management consultants make based on the firm and their experience level. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. These employees earn an average base salary of $165,000 a year to start. Learn how this feature works. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Until this year, however, pay at the big consulting firmshad been climbing. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. bain consultant salary uk. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Forbidden characters: \. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. 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. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 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. 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 550+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. These numbers are just starting salaries. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Are you an impact player? Management Consultant. 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 estimated additional pay is $85,928 per year. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . The median compensation package totals $185K. 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. Read Jonathan Paul's full story! If you are overcoming hardships, we wanna help! These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 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. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Some firms offer this as part of their standard package, while others dont. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 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. Zurich, Switzerland . Salary negotiation is highly unlikely at these levels. Masters-level graduates get offered around $112,000 in base salary at Bain. Bain & Company Salaries trends. 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). The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. The estimated base pay is $159,610 per year. Average salary for Bain & Company Management Consultant in Maldon: 96,081. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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. 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. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Senior Associate Consultant $137K. Yet, top performers can rise to $220,000 at the high end. Eventually it will unless its offensive or libelous (in which case it wont.). Your email address will not be published. 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. How much do consultants at McKinsey, BCG, and Bain make (in USD)? However, top partners can make $1M+ or more comp at this level is variable, with the biggest factor being the amount of work you sell. Was this answer helpful? New hires can expect relocation support payments between USD 2k and 10k. The management consulting industry: the free CaseCoach guide for candidates, What consultants at McKinsey, BCG and Bain actually do, Salary Expectations at Top Consulting Firm from Graduate to Partner, Why People Leave Management Consulting After Only 2-4 Years, Invalid special character. Bain & Company Total compensation: up to US$206,250 (150,814) Bain & Company is one of the Big Three consulting firms, working with public, private and non-profit businesses, and one of the most popular organizations among MBA graduates. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain promotes top performers faster and rewards them better than at other firms. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. The salary information is posted above, where we note an average base salary of $90,000. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. ), and one-time work-from-home bonuses have become more common. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Salary 28.00ph - 38.00ph +holiday pay . Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. 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. While MBB firms froze salaries, they offered other perks, and there are some differences here. The community relies on everyone sharing. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. 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. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. MBA hires at Bain get PTO vacation of 25 days per year. These aren't remotely accurate and aren't even the correct job titles. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Have a confidential story, tip, or comment youd like to share? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Plus sample case and fit interview videos. 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. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. There is some polarity when it comes to work-life balance. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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 and Company salary trends based on salaries posted anonymously by Bain and Company employees. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Florian spent 5 years with McKinsey as a senior consultant. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Bain just increased paternal leaves (all genders) to 21 weeks. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. They will usually remain at that level for up to two years. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Find thousands of job opportunities by signing up to eFinancialCareers today. Jonathan Paul, Associate Consultant #atBain 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)! The exact size of this payment is driven by the role and distance of the relocation. 28 emails packed with tips. Consulting salary grows at 5 percent annually on average. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. FlashFash). For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. ), 2023 eFinancialCareers - All rights reserved. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 20227 Monate. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. The average Bain Partner Salary is in the neighborhood of $322,000 per year! I was going to help people solve problems. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. 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. Averages based on self-reported salaries. Manager $268K. 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. Have a confidential story, tip, or comment youd like to share? Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst 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. 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. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. All of those can add up to a nice sum, making competition for these roles extremely competitive. Its on the level of McKinsey or an Ivy League education. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Thats not to mention all the add-ons. This is a breakdown of management consulting salaries in 2022. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. ramona car accident sunday; mountain meadows subdivision After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. We offer exciting career opportunities in a broad array of fields. PwC UK pays Consultants a nice 85,000/year. 73% of these revenues were spent on pay. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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 -. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Overall, our data shows that there isnt much difference in compensation between firms. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Bain only hires motivated, intelligent, creative, and highly competent people. technique - and why do banks like it? Find thousands of job opportunities by signing up to eFinancialCareers today. 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. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. That aims to maximize the chance of entering stage 2. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Related Searches:All Consultant Salaries|All Bain & Company Salaries. 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. technique - and why do banks like it? 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. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. At McKinsey, the figure remains at $45,000. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Know Your Worth. Download our full salary and bonus survey here. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. The community relies on everyone sharing. Boston Consulting Group (BCG) Total compensation: up to US$206,250 Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Lets compare the entry level salaries between both countries. On top of that, employees are eligible for up to $41,250 in performance bonuses. 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. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. This article is updated annually. My path to Bain has been interesting. ), and one-time work-from-home bonuses have become more common. Average salary for Bain & Company Consultant I in Crete: US$192,000. The salary growth itself is steep as you get promoted. 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. Generally, the bonus is normally distributed. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Office: Washington, D.C. Key factors include education/certification, work experience & seniority, and each employees personal profile. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. OneDay @BCG Learn more agree, these aren't close to the actual salaries you earn (particularly at the senior levels). The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 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. Being a shareholder in the partnership obviously comes with benefits on their own. Learn about the award and see why employees love working at Bain. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. But an increasing number of boutique firms are appearing on the stage with traditional players. Let us know if you spot any inconsistencies in our data. Any update on the Mck comp. 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. 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. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Consulting Based on 462 salaries Consultant 170 salaries Associate Consultant 147 salaries View More Business Based on 82 salaries Manager 41 salaries Senior Manager 20 salaries 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,.