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. 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. The exact size of this payment is driven by the role and distance of the relocation. Thats not to mention all the add-ons. How much do Bain & Company employees make? 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. Yet, top performers can rise to $220,000 at the high end. The figures are drawn from Management Consulted. 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". Their salaries typically start at 55,000 and can be as high as 65,000. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? The salary figures in this article are for those joining management consulting positions in 2023. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. 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. Industry Sector . 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. Though the full bonus isnt guaranteed. The consulting industry has been booming in recent years, and going hard after top talent. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. 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. Well also take a look at the nature of the career path at Bain, as well as employee reviews. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. ), and one-time work-from-home bonuses have become more common. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Additional pay could include bonus, stock, commission, profit sharing or tips. In 2021, all three BBM firms were only paying $90k salaries. Youll build a powerful network in the process. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. The community relies on everyone sharing. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. 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. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Consultant is $70,432 per year in United States, The Ultimate Job Interview Preparation Guide. Find Jobs ETR: Careers. Some receive only 10% of the potential payout. Contribute Manager 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Learn how much management consultants make based on the firm and their experience level. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Masters-level graduates get offered around $112,000 in base salary at Bain. Your input helps Glassdoor refine our pay estimates over time. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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 experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. As well as Bain consultant salary benefits, careers at Bain come with many perks. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. But theres no single answer to the question of what a Bain salary is, of course. 73% of these revenues were spent on pay. 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. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 2021-Apr. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. How much do Bain & Company employees make? Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Lets take a look at how the Bain consultant salary varies by role. 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;. They will usually remain at that level for up to two years. Your email address will not be published. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. Bain & Company Salaries How much do Bain & Company employees make? Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. The significant difference also holds true for new hires with an MBA or PhD. There is some flexibility to this schedule in comparison with some other top consulting firms. We even created Excel templates and PowerPoint presentations. 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. 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. Salary 28.00ph - 38.00ph +holiday pay . f you want to work for thetop three consulting firmsthen theres not much in it. On top of that, employees are eligible for up to $41,250 in performance bonuses. 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. Bain & Company Salaries trends. Total Pay Range Consultant 167 Salaries submitted 112,914 95,729 | 22,406 96K - 125K Associate Consultant 144 Salaries submitted 58,000 52,668 | 7,778 54K 64K Senior Associate Consultant 57 Salaries submitted 76,736 65,469 | 12,000 70K 81K Add your salary. 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. And the Brain brand is very strong. 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. And if you happen to thrive in a challenging but supportive environment like Bains, you could easily see your Bain and Company salary rise to truly staggering figures as you advance along the promotion schedule. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. The estimated additional pay is $85,928 per year. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. McKinsey also offers to pay 50% of MBA tuition for returning interns. Bain looks for practical, leadership experience. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! There is also some variance over the size of relocation packages, with Bain being the most generous. 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. Learn how much management consultants make based on the firm and their experience level. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. . To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Bain wants to know what impact youve made in your role, rather than what youre responsible for. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. technique - and why do banks like it? Consulting salary grows at 5 percent annually on average. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Bain & Company Salaries trends. Bain's consultant salary in the UK is the highest out of the three at 97,000. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. The firm advises. My path to Bain has been interesting. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Managers at Bain design and oversee projects for clients. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Access all the online resources you need for success in your case and fit interviews. My path to Bain has been interesting. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. This is comparatively high compared to graduate salaries in most other fields. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. The community relies on everyone sharing. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. I was going to help people solve problems. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Have a confidential story, tip, or comment youd like to share? Holy crap. This equates to $116,000 in base salary and $53,000 in performance bonuses. How much do consultants at McKinsey, BCG, and Bain make (in USD)? The estimated base pay is $159,610 per year. 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). But compensation is competitive from the beginning. Salaries posted anonymously by Bain & Company employees in Reading, OH. Bain just increased paternal leaves (all genders) to 21 weeks. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. 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. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. 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. Also, certain employees will earn a different actual base for a variety of reasons. We even created Excel templates and PowerPoint presentations. 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. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Eventually it will unless its offensive or libelous (in which case it wont.). Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Generally, the bonus is normally distributed. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. 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)! Required fields are marked *. Yet, top performers can rise to $220,000 at the high end. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Each promotion to a higher level will also coincide with a salary leap. Learn about the award and see why employees love working at Bain. If there is any room for negotiation it will be with the sign-on bonus. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. 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. Apply today for the Associate Consultant Athens 2023 with Bain & Company. 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Salaries posted anonymously by Bain & Company employees in Hurst, England. bain consultant salary ukrestoration companies near paris. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. The average Bain & Company salary ranges from approximately $38,943 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. bain consultant salary uk 2021 . The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. In terms of living costs and compared to the average salaries, countries like Germany come out on top.
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