Master's-level graduates get offered around $112,000 in base salary at Bain. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000.This incredibly high salary is one of the main attractions of Bain, as with any other top consulting firm. There is some polarity when it comes to work-life balance. Florian spent 5 years with McKinsey as a senior consultant. 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)! 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 average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. 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. Learn how this feature works. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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. Consulting salary grows at 5 percent annually on average. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. Your email address will not be published. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. At Bain, we champion the bold to achieve the extraordinary. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. . EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk These employees earn an average base salary of $165,000 a year to start. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Well tell you how much you can expect as an entry-level employee. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. 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. Eventually it will unless its offensive or libelous (in which case it wont.). And the Brain brand is very strong. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. The most effective case book has arrived! 715 salaries for 117 jobs at Bain & Company in Hurst, England. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. McKinsey and BCG pay 90,000 and 93,000 respectively. 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. Bain & Company Consultant I Salaries in Crete | Glassdoor 73% of these revenues were spent on pay. 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) The figures are drawn from Management Consulted. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Holy crap. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Bain looks for practical, leadership experience. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Salary 28.00ph - 38.00ph +holiday pay . 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. 8 full cases with solutions (incl. Was this answer helpful? 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". 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. Bain & Company Salaries trends. 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. What is the S.T.A.R. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Employees maintain this role for 6-24 months before rising to the level of Consultant. bain consultant salary uk 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. Consultant Salary UK - Management Consulted Lets take a look at how the Bain consultant salary varies by role. Bain & Company Salaries How much do Bain & Company employees make? 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. The community relies on everyone sharing. A comprehensive guide to Bain & Company Salary in 2020! Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! bain consultant salary uk. Zurich, Switzerland . 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. Generally, the bonus is normally distributed. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. Bain & Company Salaries trends. 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. 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. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). The community relies on everyone sharing. Audience: All students Location: Statler 185 Learn More Mar 06 Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. 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. A Bain consultant salary is one of the most competitive in the management consulting industry. 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. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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. Bain & Company - Associate Consultant Athens 2023 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)! Jonathan Paul, Associate Consultant #atBain 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). Help make it more accurate by adding yours. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Average Bain & Company Inc. Salary in United Kingdom | PayScale Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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 salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. McKinsey also offers to pay 50% of MBA tuition for returning interns. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Management Consulting Salary At 12 Top Firms (2020 Update) 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. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Overall, our data shows that there isnt much difference in compensation between firms. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. The article did not discuss the specific tiles that each of the three firms uses. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. out of network benefits, fertility benefits, best - culture is that people take their vacation. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Bain Associate Consultant 52,271/yr Avg. 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. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Deloitte Consulting in the UK pays its consultants 91,000. Consultant $202K. Read Jonathan Paul's full story! How much do Bain & Company employees make? Being a shareholder in the partnership obviously comes with benefits on their own. Bain & Company Salary (2020) | MConsultingPrep Associate Consultant $118K. Find Jobs ETR: Careers. Yet, top performers can rise to $220,000 at the high end. Have a confidential story, tip, or comment youd like to share? Bain & Company Salaries in London | Glassdoor 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. 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. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. They will usually remain at that level for up to two years. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Here's how much you'll make at McKinsey, Bain and - eFinancialCareers 3 salaries for 3 jobs at Bain & Company in Reading, OH. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Entdecken Personen E-Learning . This is a breakdown of management consulting salaries in 2022. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Apply today for the Associate Consultant Athens 2023 with Bain & Company. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. We even created Excel templates and PowerPoint presentations. How to Break into Consulting with a PhD or Advanced Degree What does it take to be a Bain management consultant? Their salaries typically start at 55,000 and can be as high as 65,000. 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. But compensation is competitive from the beginning. That aims to maximize the chance of entering stage 2. 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). Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! At this level, youre expected to leverage your professional network to bring in clients. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Your input helps Glassdoor refine our pay estimates over time. Related Searches:All Consultant Salaries|All Bain & Company Salaries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. What is average salary increase yearly in top consulting firms? The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Its on the level of McKinsey or an Ivy League education. "Andrea Orcel is an excellent banker but his pay rise is extreme". Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Forbidden characters: \. 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. 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. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Know Your Worth. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. technique - and why do banks like it? Bain Salaries | Levels.fyi 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. Bain only hires motivated, intelligent, creative, and highly competent people. 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. Ben Caine - Consultant - Bain & Company | LinkedIn Read Jonathan Paul's full story! The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Learn how much management consultants make based on the firm and their experience level. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. To improve your skills in all areas of the interview, check out our targeted offers below. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The Average Salary of a Consultant at McKinsey, Bain or BCG in London 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 compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. After two years as a Consultant, employees who remain with the company and perform well are promoted to Case Team Leader for another two years. Bain & Company Qa Consultant Salaries in Maldon | Glassdoor The salary growth itself is steep as you get promoted. We offer exciting career opportunities in a broad array of fields. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Find thousands of job opportunities by signing up to eFinancialCareers today. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 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. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Though the full bonus isnt guaranteed. 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. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Read more about Consulting Salaries For MBA & Masters Graduates. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. The difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. Bain salary progression is quite steep relative to the corporate world. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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! Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. In this article, lets find out and compare Bain salaries across different positions in 12 countries. McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball 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. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. The consulting industry has been booming in recent years, and going hard after top talent. Learn how much management consultants make based on the firm and their experience level. Until this year, however, pay at the big consulting firmshad been climbing. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. Looking for the best preparation to ace your case interviews? However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. ), and one-time work-from-home bonuses have become more common. Marleen F. - Associate Consultant - Bain & Company | LinkedIn 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. Some firms offer this as part of their standard package, while others dont. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Bain & Company Management Consultant Salaries in Maldon, England Jonathan Paul, Associate Consultant #atBain How Much Does Bain & Company Pay in 2023? (6,389 Salaries) This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Eventually it will unless its offensive or libelous (in which case it wont. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Bain & Company Consulting Practice Manager Salaries in Maldon, England