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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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 & 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;. Baindidn't break out its U.K. headcount in its report, but the company employs 12,000 people globally, around 1,200of whom are listed on LinkedIn as working in the UK. 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. Office: Washington, D.C. Salary also varies by location, and there can be stark differences from one country to the next. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. Deloitte Consulting in the UK pays its consultants 91,000. McKinsey also offers to pay 50% of MBA tuition for returning interns. Required fields are marked *. What is the S.T.A.R. 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. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus 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. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. The Bain salary in other countries varies for obvious reasons. Help make it more accurate by adding yours. Bain wants to know what impact youve made in your role, rather than what youre responsible for. And find the best graduate job opportunities on Bright Network. Florian spent 5 years with McKinsey as a senior consultant. Posted 02 Mar 2023. 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. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. Yet, top performers can rise to $220,000 at the high end. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Management Consultant. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Again, there are some nuances when it comes to perks for MBA and PhD hires. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. The estimated base pay is $159,610 per year. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. 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. 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. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). There is some flexibility to this schedule in comparison with some other top consulting firms. McKinsey and BCG pay 90,000 and 93,000 respectively. out of network benefits, fertility benefits, best - culture is that people take their vacation. The estimated additional pay is $85,928 per year. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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. Consultant $202K. 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. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. How much do consultants at McKinsey, BCG, and Bain make (in USD)? But theres no single answer to the question of what a Bain salary is, of course. Bain & Company Salaries trends. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Entdecken Personen E-Learning . 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. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. MBA hires at Bain get PTO vacation of 25 days per year. If you are overcoming hardships, we wanna help! Access all the online resources you need for success in your case and fit interviews. Eventually it will unless its offensive or libelous (in which case it wont.). ), and one-time work-from-home bonuses have become more common. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Masters-level graduates get offered around $112,000 in base salary at Bain. 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. Bain only hires motivated, intelligent, creative, and highly competent people. In this article, lets find out and compare Bain salaries across different positions in 12 countries. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. I was going to help people solve problems. 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. 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. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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)! Across 64 cities in 39 countries, we work alongside our clients as one team with a. Average salary for Bain & Company It Consultant in Crawley: 27,037. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. Was this answer helpful? 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. 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". In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. Consulting salary grows at 5 percent annually on average. Holy crap. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. At McKinsey, the figure remains at $45,000. Read Jonathan Paul's full story! Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Industry Sector . Manager $268K. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Your input helps Glassdoor refine our pay estimates over time. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. The salary trajectory of a Consultant ranges between locations and employers. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Lets compare the entry level salaries between both countries. 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. At Bain, we champion the bold to achieve the extraordinary. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. 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. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. I was going to help people solve problems. Boston Consulting Group (BCG) Total compensation: up to US$206,250 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) Specialist, Consulting Programs. Its on the level of McKinsey or an Ivy League education. Bain salary progression is quite steep relative to the corporate world. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. 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. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. How much do Bain & Company employees make? 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 community relies on everyone sharing. Associate Consultant $118K. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. We even created Excel templates and PowerPoint presentations. 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. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Salaries posted anonymously by Bain & Company employees in Reading, OH. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Have a confidential story, tip, or comment youd like to share? These employees earn an average base salary of $165,000 a year to start. Read more about Consulting Salaries For MBA & Masters Graduates. 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 If there is any room for negotiation it will be with the sign-on bonus. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 73% of these revenues were spent on pay. 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. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Additional pay could include bonus, stock, commission, profit sharing or tips. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Extraordinary Outcomes. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Our model gets smarter over time as more people share salaries on Glassdoor. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. How much do Bain & Company employees make? Contribute Manager 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. 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. The salary growth itself is steep as you get promoted. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Signing bonuses across all three firms remain at $30,000. 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. 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 -. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. They will usually remain at that level for up to two years. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Download our full salary and bonus survey here. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Your email address will not be published. 8 full cases with solutions (incl. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 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. Can you make it happen? Bain promotes top performers faster and rewards them better than at other 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Join 90,000+ on the #1 consulting prep channel! The estimated base pay is $159,610 per year. Forbidden characters: \. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. This is a breakdown of management consulting salaries in 2022. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Key factors include education/certification, work experience & seniority, and each employees personal profile. Contact:sbutcher@efinancialcareers.comin the first instance. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. Their salaries typically start at 55,000 and can be as high as 65,000. 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). Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. . Being a shareholder in the partnership obviously comes with benefits on their own. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. The salary figures in this article are for those joining management consulting positions in 2023. In this article, we want to give you an insight into how much money you can expect and how your salary will progress as you move up the ranks at the different strategy consulting firms. This equates to $116,000 in base salary and $53,000 in performance bonuses. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Accounts recently filed by Bain & Co. Inc.for the year ending December 2020 show that Bain's UK entity earned243m($327m) in revenues last year, up from 198m in 2019. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Bain's consultant salary in the UK is the highest out of the three at 97,000. 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. 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. Anonymously share your salary to help the community, Averages based on self-reported salaries. Read Jonathan Paul's full story! Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? 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. At this level, youre expected to leverage your professional network to bring in clients. FlashFash). 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. 3 salaries for 3 jobs at Bain & Company in Reading, OH. 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. 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. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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. 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)! Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. 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.
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