Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. 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. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Learn how this feature works. bain consultant salary ukrestoration companies near paris. 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. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Salary negotiation is highly unlikely at these levels. Entdecken Personen E-Learning . The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. This is comparatively high compared to graduate salaries in most other fields. Average Bain & Company Inc. Salary in United Kingdom | PayScale 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. What is the S.T.A.R. 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. A comprehensive guide to Bain & Company Salary in 2020! BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. f you want to work for thetop three consulting firmsthen theres not much in it. Apply today for the Associate Consultant Athens 2023 with Bain & Company. 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). Bain & Company Consultant I Salaries in Crete | Glassdoor But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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 Bain salary in other countries varies for obvious reasons. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. 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. technique - and why do banks like it? Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. bain consultant salary uk 2021 . 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. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The firm advises. We even created Excel templates and PowerPoint presentations. Can you make it happen? Their salaries typically start at 55,000 and can be as high as 65,000. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Overall, our data shows that there isnt much difference in compensation between firms. At Bain, we champion the bold to achieve the extraordinary. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. McKinsey also offers to pay 50% of MBA tuition for returning interns. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain salary progression is quite steep relative to the corporate world. 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. Eventually it will unless its offensive or libelous (in which case it wont.). Bain Associate Consultant 52,271/yr Avg. 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 salary figures in this article are for those joining management consulting positions in 2023. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. Careers at Bain & Company | Bain & Company The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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. Being a shareholder in the partnership obviously comes with benefits on their own. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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. 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. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Deloitte Consulting in the UK pays its consultants 91,000. 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. out of network benefits, fertility benefits, best - culture is that people take their vacation. Was this answer helpful? Office: Washington, D.C. What is the S.T.A.R. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Forbidden characters: \. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. How Much Does Bain & Company Pay in 2023? (6,389 Salaries) There is also some variance over the size of relocation packages, with Bain being the most generous. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The guide to pay at Bain, McKinsey, BCG and the Big Four Bain looks for practical, leadership experience. 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". How much do Bain & Company employees make? Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Job Search | Bain & Company, Inc. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. Bonuses are typically based on individual performance at McKinsey, BCG, and Bain unless the consultant has only been at the firm for less than a year, in which case a standard amount if given to everyone at this level. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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. The median compensation package totals $185K. 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. Learn about the award and see why employees love working at Bain. In most other developed countries, the salary ranges from $120,000 to $150,000 (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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Read Jonathan Paul's full story! The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. 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. Generally, the bonus is normally distributed. The community relies on everyone sharing. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Explore Roles | Bain & Company The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Consultant is $70,432 per year in United States, The Ultimate Job Interview Preparation Guide. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. 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. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Management Consulting Salary At 12 Top Firms (2020 Update) 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. These numbers are just starting salaries. My path to Bain has been interesting. 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. We even created Excel templates and PowerPoint presentations. 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. Bain and Company Consultant Salaries | Glassdoor BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 8 full cases with solutions (incl. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Are you an impact player? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. The significant difference also holds true for new hires with an MBA or PhD. The figures are drawn from Management Consulted. This article is updated annually. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Required fields are marked *. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Boston Consulting Group (BCG) Total compensation: up to US$206,250 I was going to help people solve problems. 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. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. The estimated base pay is $159,610 per year. ), 2023 eFinancialCareers - All rights reserved. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. However, still more employees claim that this is at best a dream for most employees, who often struggle to maintain this balance in actual practice. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. 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. 1996-2023 Bain & Company, Inc. Salary Expectations at Top Consulting Firm from Graduate to Partner Audience: All students Location: Statler 185 Learn More Mar 06 bain consultant salary uk Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Apply Today. If there is any room for negotiation it will be with the sign-on bonus. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. I was going to help people solve problems. Also, certain employees will earn a different actual base for a variety of reasons. Average salaries for Bain and Company Consultant: [salary]. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 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. Key factors include education/certification, work experience & seniority, and each employees personal profile. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 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. Employees maintain this role for 6-24 months before rising to the level of Consultant. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. 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! 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. Bain & Company Bain & Company/Facebook Potential total compensation: up to $216,250 Signing bonus: $30,000 (UK, 15,000, Switzerland: CHF 35,000) Relocation: $8,000 for under 400 miles;. Bain & Company Management Consultant Salaries in Maldon The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball 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. EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk 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)! Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. 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. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 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. 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. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Our model gets smarter over time as more people share salaries on Glassdoor. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. On top of that, employees are eligible for up to $41,250 in performance bonuses. Bain Associate Consultant Salary in 8 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). 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. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. New hires can expect relocation support payments between USD 2k and 10k. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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. 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)! Meet Shah - Associate Consultant - Bain & Company | LinkedIn Thats not to mention all the add-ons. To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. Download resume templates and watch in-depth, step-by-step resume advice videos. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000.