At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Bain Consultant salary (MBA/Experienced-level) Base: $165,000 (UK: 86,000, Canada: CA$160,000, India: 3,500,000, Germany: 103,000) Performance Bonus: up to $41,250 (UK: up to 20,000, India: 770,000, Germany: 25,000) Profit Sharing: up to $20,000 (UK: 6,000, Canada: CA$20,000) Retirement: 401k contribution up to $8,000 (UK: 10,000) 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 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. Bain & Company Consulting Practice Manager Salaries in Maldon, England Averages based on self-reported salaries. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Well tell you how much you can expect as an entry-level employee. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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). Industry Sector . CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Competition for talent is high, and it has driven salaries up. The salaries and compensation structure at McKinsey, BCG, and Bain (MBB) or at Tier 2 consultancies, or Big 4 such as PWC careers are relatively rigid with very little room for negotiation. While MBB firms froze salaries, they offered other perks, and there are some differences here. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Bain & Company Consultant Salaries | Glassdoor MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Learn how much management consultants make based on the firm and their experience level. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. McKinsey also offers to pay 50% of MBA tuition for returning interns. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. For new MBA graduates basic salaries are between 80,000 and 90,000. This is comparatively high compared to graduate salaries in most other fields. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. Bain Consultant Salary | What Could You Earn At Bain & Company? The article did not discuss the specific tiles that each of the three firms uses. 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. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Average Bain & Company Inc. Salary in United Kingdom | PayScale Again, there are some nuances when it comes to perks for MBA and PhD hires. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Bain and Company Consultant Salaries | Glassdoor Help make it more accurate by adding yours. Zurich, Switzerland . Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Thats not to mention all the add-ons. 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. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Some receive only 10% of the potential payout. These employees earn an average base salary of $165,000 a year to start. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. McKinsey does pay less than other firms at the lowest entry-level, but beyond that, the differences with other firms are not large enough to be meaningful. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Entdecken Personen E-Learning . What does it take to be a Bain management consultant? 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. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Ben Caine - Consultant - Bain & Company | LinkedIn 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. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Are you an impact player? View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Read more about Consulting Salaries For MBA & Masters Graduates. Consultant Salary UK - Management Consulted Overall, our data shows that there isnt much difference in compensation between firms. The salary information is posted above, where we note an average base salary of $90,000. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Salary: Bain Strategy Consultant in London, UK 2023 Careers at Bain & Company | Bain & Company Have a confidential story, tip, or comment youd like to share? Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. These numbers are just starting salaries. 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. 28 emails packed with tips. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Managers at Bain design and oversee projects for clients. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Each promotion to a higher level will also coincide with a salary leap. bain consultant salary uk Posted 02 Mar 2023. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Your email address will not be published. Manager $268K. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Find Events - Recruits Portal - Bain & Company How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. However, if you have a good rationale for requesting a sign-on bonus you should ask. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Contract Data visualisation Jobs in Sabines Green | Contract Data Specialist, Consulting Programs. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. The salary figures in this article are for those joining management consulting positions in 2023. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. The Average Salary of a Consultant at McKinsey, Bain or BCG in London 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. ramona car accident sunday; mountain meadows subdivision 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. 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. Our model gets smarter over time as more people share salaries on Glassdoor. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Jobs in United Kingdom | Careers | Boston Consulting Group - BCG Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus They are slightly higher for 2020. McKinsey and BCG pay 90,000 and 93,000 respectively. That aims to maximize the chance of entering stage 2. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. We can help you get your desired MBB consulting offer. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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. Boston Consulting Group (BCG) Total compensation: up to US$206,250 If there is any room for negotiation it will be with the sign-on bonus. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . 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. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Only 1% of candidates receive consulting offers from Bain & Company. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Required fields are marked *. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Bain & Company Management Consultant Salaries in Maldon The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Youll build a powerful network in the process. Sabine Neuhaus - Consultant - Bain & Company | LinkedIn 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. Have a confidential story, tip, or comment youd like to share? What is the S.T.A.R. For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running. 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). Their salaries typically start at 55,000 and can be as high as 65,000. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain & Company Salaries in Reading, OH | Glassdoor Bain & Company Salaries in Hurst, England | Glassdoor Read Jonathan Paul's full story! ), 2023 eFinancialCareers - All rights reserved. Explore Roles | Bain & Company Signing bonuses across all three firms remain at $30,000. Management Consultant Salary UK 2023| PrepLounge.com . Bain salary progression is quite steep relative to the corporate world. Average salary for Bain & Company It Consultant in Crawley: 27,037. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. 73% of these revenues were spent on pay. Bain & Co. consultants earn a lot less than bankers - eFinancialCareers The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The firm advises. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Let us know if you spot any inconsistencies in our data. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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 -. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Bain & Company Salaries in London | Glassdoor What is average salary increase yearly in top consulting firms? 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. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Bain & Company - LinkedIn The median compensation package totals $185K. Senior Associate Consultant $137K. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Being a shareholder in the partnership obviously comes with benefits on their own. Yet, top performers can rise to $220,000 at the high end. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. The community relies on everyone sharing. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). 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. Jonathan Paul, Associate Consultant #atBain The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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. 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. 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". 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. Sarina Schefer - Associate Consultant - Bain & Company | LinkedIn Audience: All students Location: Statler 185 Learn More Mar 06 These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Lets take a look at how the Bain consultant salary varies by role. Access all the online resources you need for success in your case and fit interviews. Data Modeller and Strategy Consultant - cwjobs.co.uk They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. technique - and why do banks like it? PwC UK pays Consultants a nice 85,000/year. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Bain looks for practical, leadership experience. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Bain Salaries | Levels.fyi 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. 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. 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. 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. The estimated additional pay is $85,928 per year. These are the 13 Consulting Firms Paying MBAs More than US$200,000 a 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. Holy crap. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. The Bain salary in other countries varies for obvious reasons. EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk The salary growth itself is steep as you get promoted. There is also some variance over the size of relocation packages, with Bain being the most generous. But an increasing number of boutique firms are appearing on the stage with traditional players. . Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Strategy consulting firms spent a lot on pay. Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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! Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren.
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