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. Only 1% of candidates receive consulting offers from Bain & Company. The median compensation package totals $185K. This equates to $116,000 in base salary and $53,000 in performance bonuses. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. The consulting industry has been booming in recent years, and going hard after top talent. On top of that, employees are eligible for up to $41,250 in performance bonuses. All of those can add up to a nice sum, making competition for these roles extremely competitive. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Learn how much management consultants make based on the firm and their experience level. 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. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 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. Anonymously share your salary to help the community, Averages based on self-reported salaries. Looking for the best preparation to ace your case interviews? They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Plus sample case and fit interview videos. Have a confidential story, tip, or comment youd like to share? That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Bain & Company Salaries How much do Bain & Company employees make? 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. The exact size of this payment is driven by the role and distance of the relocation. 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. Though the full bonus isnt guaranteed. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Deloitte Consulting in the UK pays its consultants 91,000. PwC UK pays Consultants a nice 85,000/year. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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. Salary negotiation is highly unlikely at these levels. These numbers are just starting salaries. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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. And the Brain brand is very strong. 715 salaries for 117 jobs at Bain & Company in Hurst, England. We even created Excel templates and PowerPoint presentations. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. FlashFash). f you want to work for thetop three consulting firmsthen theres not much in it. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Learn about the award and see why employees love working at Bain. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Eventually it will unless its offensive or libelous (in which case it wont.). Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Salary 28.00ph - 38.00ph +holiday pay . In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Get a free, personalized salary estimate based on today's job market. Competition for talent is high, and it has driven salaries up. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Bain only hires motivated, intelligent, creative, and highly competent people. But compensation is competitive from the beginning. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Associate Consultant $118K. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Posted 02 Mar 2023. Lets compare the entry level salaries between both countries. 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. 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. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Help make it more accurate by adding yours. Yet, top performers can rise to $220,000 at the high end. Have a confidential story, tip, or comment youd like to share? In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Thats not to mention all the add-ons. Bain looks for practical, leadership experience. A comprehensive guide to Bain & Company Salary in 2020! Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. 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. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. The estimated base pay is $159,610 per year. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. The Bain salary in other countries varies for obvious reasons. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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. The article did not discuss the specific tiles that each of the three firms uses. Each promotion to a higher level will also coincide with a salary leap. 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. 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. But theres no single answer to the question of what a Bain salary is, of course. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. How much do Bain & Company employees make? Contact:sbutcher@efinancialcareers.comin the first instance. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Well tell you how much you can expect as an entry-level employee. 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. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Find Jobs ETR: Careers. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Greenwich Partners, London, Vereinigtes Knigreich Job: Bewerben Sie sich fr Investment associates x 2 , European Private Equity Fund - MBA level Strategy Consultants sought from firms like McKinsey, Bain and BCG in Greenwich Partners, London, Vereinigtes Knigreich. The estimated base pay is $159,610 per year. Employees maintain this role for 6-24 months before rising to the level of Consultant. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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. How much do Bain & Company employees make? 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 there is any room for negotiation it will be with the sign-on bonus. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. The most effective case book has arrived! My path to Bain has been interesting. Strategy consulting firms spent a lot on pay. 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. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Overall, our data shows that there isnt much difference in compensation between firms. 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. 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 -. 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. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. 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,. Extraordinary Outcomes. ramona car accident sunday; mountain meadows subdivision There is some flexibility to this schedule in comparison with some other top consulting firms. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 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. bain consultant salary uk. 3 salaries for 3 jobs at Bain & Company in Reading, OH. How much do consultants at McKinsey, BCG, and Bain make (in USD)? By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. 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. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. However, if you have a good rationale for requesting a sign-on bonus you should ask. technique - and why do banks like it? Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. 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. 28 emails packed with tips. 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. technique - and why do banks like it? The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. At the time, I wondered why other companies hadnt thought of this genius business strategy. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. We offer exciting career opportunities in a broad array of fields. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. 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. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Bain Associate Consultant 52,271/yr Avg. 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). Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. As well as Bain consultant salary benefits, careers at Bain come with many perks. At the time, I wondered why other companies hadnt thought of this genius business strategy. According to the exchange rate at the time of writing, this equated to a base Bain and Company consultant salary of $58,000, with up to $14,500 in performance bonuses. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. At McKinsey, the figure remains at $45,000. Average salary for Bain & Company Consultant I in Crete: US$192,000. Access all the online resources you need for success in your case and fit interviews. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. MBA hires at Bain get PTO vacation of 25 days per year. The community relies on everyone sharing. Find thousands of job opportunities by signing up to eFinancialCareers today. Holy crap. 0 Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Read Jonathan Paul's full story! ), and one-time work-from-home bonuses have become more common. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Industry Sector . Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Master's-level graduates get offered around $112,000 in base salary at Bain. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. ), 2023 eFinancialCareers - All rights reserved. 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. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. The significant difference also holds true for new hires with an MBA or PhD. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Lets take a look at how the Bain consultant salary varies by role. 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 | Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Across 64 cities in 39 countries, we work alongside our clients as one team with a. 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. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Read Jonathan Paul's full story! Are you an impact player? Also, certain employees will earn a different actual base for a variety of reasons. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Stage 3 Fit Interview & Case Interview: Check out 2 articles Bain Fit Interview and Bain Case Interview to have a clearer idea of what you may expect during your application. 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.