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. Average salaries for Bain and Company Consultant: [salary]. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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 -. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. 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. Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. ), 2023 eFinancialCareers - All rights reserved. . Bain & Company is one of the world's leading management consulting firms, working with top executives to help them make better decisions, convert those decisions to actions and deliver the sustainable success they desire. 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Read more about Consulting Salaries For MBA & Masters Graduates. Invalid empty value or special character. The article did not discuss the specific tiles that each of the three firms uses. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. This is a breakdown of management consulting salaries in 2022. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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! Apply today for the Associate Consultant Athens 2023 with Bain & Company. We even created Excel templates and PowerPoint presentations. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. 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. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Salary also varies by location, and there can be stark differences from one country to the next. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Know Your Worth. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Learn about the award and see why employees love working at Bain. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. But an increasing number of boutique firms are appearing on the stage with traditional players. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. 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. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. These employees earn an average base salary of $165,000 a year to start. After two years as a Consultant, employees who remain with the company and perform well are promoted to Case Team Leader for another two years. Employees maintain this role for 6-24 months before rising to the level of Consultant. Some receive only 10% of the potential payout. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Average salary for Bain & Company Qa Consultant in Maldon: 55,861. But theres no single answer to the question of what a Bain salary is, of course. 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 Been Named a Best Place to Work in 2023 by Glassdoor! ramona car accident sunday; mountain meadows subdivision Bain looks for practical, leadership experience. Required fields are marked *. 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 UK offers its residents significantly more social protections than the US does, offsetting some of the difference. At McKinsey, the figure remains at $45,000. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. . BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. If there is any room for negotiation it will be with the sign-on bonus. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Audience: All students Location: Statler 185 Learn More Mar 06 In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. There is some flexibility to this schedule in comparison with some other top consulting firms. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. My path to Bain has been interesting. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. 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. The salary information is posted above, where we note an average base salary of $90,000. 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. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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. Help make it more accurate by adding yours. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. Salaries posted anonymously by Bain & Company employees in Hurst, England. Consulting salary grows at 5 percent annually on average. And the Brain brand is very strong. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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. Their salaries typically start at 55,000 and can be as high as 65,000. We even created Excel templates and PowerPoint presentations. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. How much do Bain & Company employees make? At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. At Bain, we champion the bold to achieve the extraordinary. Bain Manager Salary Managers at Bain design and oversee projects for clients. 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). The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. I was going to help people solve problems. The estimated base pay is $159,610 per year. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 2021-Apr. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. The community relies on everyone sharing. Forbidden characters: \. The firm advises. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Have a confidential story, tip, or comment youd like to share? Contact:sbutcher@efinancialcareers.comin the first instance. 1996-2023 Bain & Company, Inc. Bain only hires motivated, intelligent, creative, and highly competent people. Our model gets smarter over time as more people share salaries on Glassdoor. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Bain's consultant salary in the UK is the highest out of the three at 97,000. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 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. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Zurich, Switzerland . These aren't remotely accurate and aren't even the correct job titles. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. 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. Eventually it will unless its offensive or libelous (in which case it wont.). The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Bain promotes top performers faster and rewards them better than at other firms. 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. Join 90,000+ on the #1 consulting prep channel! bain consultant salary ukrestoration companies near paris. And find the best graduate job opportunities on Bright Network. 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. 0 Yet, top performers can rise to $220,000 at the high end. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Apply Today. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Senior Associate Consultant $137K. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Are you an impact player? Averages based on self-reported salaries. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Plus sample case and fit interview videos. 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. Top management consulting salaries for a specific firm are usually the same or only vary slightly within a given country, however, they differ greatly across countries and geographies. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. But compensation is competitive from the beginning. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Master's-level graduates get offered around $112,000 in base salary at Bain. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Boston Consulting Group (BCG) Total compensation: up to US$206,250 These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. 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)! Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. 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. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" The community relies on everyone sharing. Competition for talent is high, and it has driven salaries up. How much do Bain & Company employees make? These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Extraordinary Outcomes. Additional pay could include bonus, stock, commission, profit sharing or tips. technique - and why do banks like it? Why consulting? Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Learn how much management consultants make based on the firm and their experience level. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Entdecken Personen E-Learning . Bain & Company Salaries trends. Florian spent 5 years with McKinsey as a senior consultant. A Bain consultant salary is one of the most competitive in the management consulting industry. Any update on the Mck comp. 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). Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Find Jobs ETR: Careers. 73% of these revenues were spent on pay. Average salary for Bain & Company Management Consultant in Maldon: 96,081. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Have a confidential story, tip, or comment youd like to share? 3 salaries for 3 jobs at Bain & Company in Reading, OH. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. FlashFash). Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. 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. My path to Bain has been interesting. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. 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. 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. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Strategy consulting firms spent a lot on pay. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. How to Decide Between Bain and McKinsey When you have the good fortune of deciding between two offers at top consulting firms, there's really no wrong choice. 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. Well tell you how much you can expect as an entry-level employee. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. Generally, the bonus is normally distributed. The exact size of this payment is driven by the role and distance of the relocation. We offer exciting career opportunities in a broad array of fields. New hires can expect relocation support payments between USD 2k and 10k.
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