Generally, the bonus is normally distributed. My path to Bain has been interesting. 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. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. How much do Bain & Company employees make? MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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). This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. These aren't remotely accurate and aren't even the correct job titles. Anonymously share your salary to help the community, Averages based on self-reported salaries. Bain looks for practical, leadership experience. 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. 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. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. For new MBA graduates basic salaries are between 80,000 and 90,000. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst 2021 local clinical excellence awards (LCEAs) The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at 3,092. ), 2023 eFinancialCareers - All rights reserved. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Basic salaries at top firms 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. 20227 Monate. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Holy crap. Private Equity / VC Jobs verfgbar bei eFinancialCareers. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. Eventually it will unless its offensive or libelous (in which case it wont. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Management Consultant. The salary growth itself is steep as you get promoted. 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. The salary trajectory of a Consultant ranges between locations and employers. 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. We can help you get your desired MBB consulting offer. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Required fields are marked *. Have a confidential story, tip, or comment youd like to share? Entdecken Personen E-Learning . Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 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. The average additional cash compensation for a Strategy Consultant in the London, United Kingdom is GBP 4,697, with a range from GBP 1,367 - GBP 16,140. Florian spent 5 years with McKinsey as a senior consultant. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. 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. 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. Plus sample case and fit interview videos. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. 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. Learn more Apply Now 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 salary information is posted above, where we note an average base salary of $90,000. Get a free, personalized salary estimate based on today's job market. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). While MBB firms froze salaries, they offered other perks, and there are some differences here. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. 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. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. 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. 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. Forbidden characters: \. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. Our model gets smarter over time as more people share salaries on Glassdoor. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. The median compensation package totals $185K. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Let us know if you spot any inconsistencies in our data. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. bain consultant salary ukrestoration companies near paris. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Associate Consultant $118K. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Zurich, Switzerland . To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. 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. The estimated additional pay is $85,928 per year. 73% of these revenues were spent on pay. 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. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Also, certain employees will earn a different actual base for a variety of reasons. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Office: Washington, D.C. Employees maintain this role for 6-24 months before rising to the level of Consultant. All of those can add up to a nice sum, making competition for these roles extremely competitive. 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. 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. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 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. Lets take a look at how the Bain consultant salary varies by role. But compensation is competitive from the beginning. We offer exciting career opportunities in a broad array of fields. . Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. 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 highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. This equates to $116,000 in base salary and $53,000 in performance bonuses. 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. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. A comprehensive guide to Bain & Company Salary in 2020! Apply Today. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. Eventually it will unless its offensive or libelous (in which case it wont.). These employees earn an average base salary of $165,000 a year to start. Adjustment?McKinsey & Company Bain & Company Boston Consulting Group, Rare to see folks who worked at both firms, but would appreciate comparison around opportunities (across practice areas), top end compensation and exits in McKinsey and Bain, India. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. That aims to maximize the chance of entering stage 2. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. This article is updated annually. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. The Bain salary in other countries varies for obvious reasons. The estimated base pay is $159,610 per year. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. The community relies on everyone sharing. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. The community relies on everyone sharing. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Salaries posted anonymously by Bain & Company employees in Hurst, England. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. OneDay @BCG Learn more Find thousands of job opportunities by signing up to eFinancialCareers today. Bain salary progression is quite steep relative to the corporate world. Download our full salary and bonus survey here. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. The community relies on everyone sharing. Their salaries typically start at 55,000 and can be as high as 65,000. It is unlikely that a consultant would move from one top-3 firm to another because of a difference in compensation, especially not below Partner level. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Average salaries for Bain and Company Consultant: [salary]. Lets compare the entry level salaries between both countries. 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. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? How much do Bain & Company employees make? 1996-2023 Bain & Company, Inc. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Only 1% of candidates receive consulting offers from Bain & Company. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. technique - and why do banks like it? 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. McKinsey does pay less than other firms at the lowest entry-level, but beyond that, the differences with other firms are not large enough to be meaningful.

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