1996-2023 Bain & Company, Inc. Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. Sarina Schefer - Associate Consultant - Bain & Company | LinkedIn Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. bain consultant salary uk But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Well tell you how much you can expect as an entry-level employee. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Apply today for the Associate Consultant Athens 2023 with Bain & Company. A comprehensive guide to Bain & Company Salary in 2020! Can you make it happen? The firm advises. Audience: All students Location: Statler 185 Learn More Mar 06 This article is updated annually. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Management Consultant Salary UK 2023| PrepLounge.com 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 estimated base pay is $159,610 per year. Associate Consultant $118K. How much do Bain & Company employees make? A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Bain & Company It Consultant Salaries in Crawley | Glassdoor McKinsey and BCG pay 90,000 and 93,000 respectively. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Find thousands of job opportunities by signing up to eFinancialCareers today. Join 90,000+ on the #1 consulting prep channel! This is comparatively high compared to graduate salaries in most other fields. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The estimated additional pay is $85,928 per year. 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. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Youll build a powerful network in the process. Learn more Apply Now Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Read more about Consulting Salaries For MBA & Masters Graduates. Management Consulting Salary At 12 Top Firms (2020 Update) The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. 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. How much do Bain & Company employees make? Required fields are marked *. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 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. Salaries posted anonymously by Bain & Company employees in Reading, OH. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Their salaries typically start at 55,000 and can be as high as 65,000. 73% of these revenues were spent on pay. OneDay @BCG Learn more 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. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Apply Today. 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). Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. There is also some variance over the size of relocation packages, with Bain being the most generous. Salary also varies by location, and there can be stark differences from one country to the next. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Again, there are some nuances when it comes to perks for MBA and PhD hires. 73% of these revenues were spent on pay. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. 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. Download resume templates and watch in-depth, step-by-step resume advice videos. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Its on the level of McKinsey or an Ivy League education. 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. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. Bain & Company - Associate Consultant Athens 2023 The Average Salary of a Consultant at McKinsey, Bain or BCG in London Download our full salary and bonus survey here. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. The community relies on everyone sharing. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Average salary for Bain & Company It Consultant in Crawley: 27,037. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Average salaries for Bain and Company Consultant: [salary]. Invalid empty value or special character. These employees earn an average base salary of $165,000 a year to start. Posted 02 Mar 2023. A Bain consultant salary is one of the most competitive in the management consulting industry. The most effective case book has arrived! 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. out of network benefits, fertility benefits, best - culture is that people take their vacation. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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 salary progression is quite steep relative to the corporate world. The figures are drawn from Management Consulted. 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! 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. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. FlashFash). Help make it more accurate by adding yours. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. You can expect the salary progression of the top 3 firms to look similar to the chart below. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 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. 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. 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. 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. 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! 2021-Apr. 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. . The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain only hires motivated, intelligent, creative, and highly competent people. 2022 consulting salaries: how much top management consultants earn Though the full bonus isnt guaranteed. Looking for the best preparation to ace your case interviews? 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. At this level, youre expected to leverage your professional network to bring in clients. Lets take a look at how the Bain consultant salary varies by role. What does it take to be a Bain management consultant? Read Jonathan Paul's full story! Specialist, Consulting Programs. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Bain and Company Consultant Salaries | Glassdoor The article did not discuss the specific tiles that each of the three firms uses. Your email address will not be published. Bain & Company Salaries in London | Glassdoor Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Bain Management Consultant Salary | $126K-$288K+ | Levels.fyi A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Salary discussions are very important for most applicants at McKinsey, the Boston Consulting Group (BCG), and Bain after having invested significant amounts of money and time into their prestigious education. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. Contribute Manager McKinsey also offers to pay 50% of MBA tuition for returning interns. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Careers at Bain & Company | Bain & Company Only 1% of candidates receive consulting offers from Bain & Company. They are slightly higher for 2020. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Bain Associate Consultant 52,271/yr Avg. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Bain & Company Salaries in Hurst, England | Glassdoor Senior Associate Consultant $137K. Florian spent 5 years with McKinsey as a senior consultant. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. 38 Bain And Company Jobs in India - LinkedIn Consulting Based on 462 salaries Consultant 170 salaries Associate Consultant 147 salaries View More Business Based on 82 salaries Manager 41 salaries Senior Manager 20 salaries BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. bain consultant salary uk. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Bain vs McKinsey ?? which is the better place to start? What is the S.T.A.R. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. The salary growth itself is steep as you get promoted. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Thats not to mention all the add-ons. I was going to help people solve problems. 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;. My path to Bain has been interesting. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. Masters-level graduates get offered around $112,000 in base salary at Bain. 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. Consulting salary grows at 5 percent annually on average. Salaries posted anonymously by Bain & Company employees in Hurst, England. 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. Some related job titles areEntry Level Consultant salaries with median pay of $50,394,Senior Consultant salaries with median pay of $123,519,Associate Consultant salaries with median pay of $89,060,Business Analyst salaries with median pay of $82,032. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Bain wants to know what impact youve made in your role, rather than what youre responsible for. 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 -. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Yet, top performers can rise to $220,000 at the high end. 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. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK 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. Bain just increased paternal leaves (all genders) to 21 weeks. Being a shareholder in the partnership obviously comes with benefits on their own. Bain & Company Consultant Salaries | Glassdoor Signing bonuses across all three firms remain at $30,000. Bain & Company 3 years 8 months Consultant Mar 2023 - Present1 month Denver, Colorado, United States Senior Associate Consultant Jun 2022 - Mar 202310 months Denver, Colorado, United States -. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. Job Search | Bain & Company, Inc. Jonathan Paul, Associate Consultant #atBain The salary trajectory of a Consultant ranges between locations and employers. Bain & Company Salary (2020) | MConsultingPrep Bain & Company Qa Consultant Salaries in Maldon | Glassdoor 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! 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. 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. Find Events - Recruits Portal - Bain & Company The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. At the time, I wondered why other companies hadnt thought of this genius business strategy.