Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. At the time, I wondered why other companies hadnt thought of this genius business strategy. Learn how much management consultants make based on the firm and their experience level. 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. We can help you get your desired MBB consulting offer. How much do Bain & Company employees make? Strategy consulting firms spent a lot on pay. In this article, lets find out and compare Bain salaries across different positions in 12 countries. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Consulting salary grows at 5 percent annually on average. The community relies on everyone sharing. At this level, youre expected to leverage your professional network to bring in clients. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Your email address will not be published. Bain vs McKinsey ?? which is the better place to start? BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. There is also some variance over the size of relocation packages, with Bain being the most generous. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 2022 MConsultingPrep | Intellectual Property protected by DMCA. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. 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. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Bain & Co. consultants earn a lot less than bankers - eFinancialCareers For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. ramona car accident sunday; mountain meadows subdivision 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! 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. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Accounts recently filed by Bain & Co. Inc. for the year ending December 2020 show that Bain's UK entity earned 243m ($327m) in revenues last year, up from 198m in 2019. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Contact:sbutcher@efinancialcareers.comin the first instance. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Office: Washington, D.C. On top of that, employees are eligible for up to $41,250 in performance bonuses. The significant difference also holds true for new hires with an MBA or PhD. They will usually remain at that level for up to two years. 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. Was this answer helpful? The figures are drawn from Management Consulted. McKinsey also offers to pay 50% of MBA tuition for returning interns. Investment associates x 2 , European Private Equity Fund - MBA level Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Learn more Apply Now MBA, PhD Grads Can Make $200,000 at These 15 Consulting Firms Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. 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. 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). Some firms offer this as part of their standard package, while others dont. Are you an impact player? Salary also varies by location, and there can be stark differences from one country to the next. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 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)! The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. 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. Lets compare the entry level salaries between both countries. Thats not to mention all the add-ons. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 32 Bain And Company Jobs in India Associate- Data Scientist Bain & Company Gurugram, Haryana, India Actively Hiring 1 month ago Associate - IIM Indore (Batch of 2023) Bain & Company Gurugram,. This equates to $116,000 in base salary and $53,000 in performance bonuses. A Bain consultant salary is one of the most competitive in the management consulting industry. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. 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. 2021-Apr. 73% of these revenues were spent on pay. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Specialist, Consulting Programs. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain Consultant Salary | What Could You Earn At Bain & Company? 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. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Learn how much management consultants make based on the firm and their experience level. What is the S.T.A.R. 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! 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Have a confidential story, tip, or comment youd like to share? Bain wants to know what impact youve made in your role, rather than what youre responsible for. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Average Bain & Company Inc. Salary in United Kingdom | PayScale If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Bain & Company Salaries How much do Bain & Company employees make? Being a shareholder in the partnership obviously comes with benefits on their own. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Some receive only 10% of the potential payout. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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. Bain salary progression is quite steep relative to the corporate world. Key factors include education/certification, work experience & seniority, and each employees personal profile. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Bain & Company Salaries in Hurst, England | Glassdoor It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Only 1% of candidates receive consulting offers from Bain & Company. 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. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Learn about the award and see why employees love working at Bain. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. We even created Excel templates and PowerPoint presentations. 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). Data Modeller and Strategy Consultant - cwjobs.co.uk A staggering 94% of Bain employees and alumni would recommend the experience to a friend. 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. 38 Bain And Company Jobs in India - LinkedIn Help make it more accurate by adding yours. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Access all the online resources you need for success in your case and fit interviews. The community relies on everyone sharing. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Bain and Company Consultant Salaries | Glassdoor Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. This is a breakdown of management consulting salaries in 2022. We offer exciting career opportunities in a broad array of fields. 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. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! technique - and why do banks like it? Bain & Company Bain Associate Consultant Salaries in West Drayton 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. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. The most effective case book has arrived! Read Jonathan Paul's full story! Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The firm advises. McKinsey and BCG pay 90,000 and 93,000 respectively. Holy crap. 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) During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. To improve your skills in all areas of the interview, check out our targeted offers below. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. Forbidden characters: \. Contract Data visualisation Jobs in Sabines Green | Contract Data Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The community relies on everyone sharing. Bain & Company Consultant I Salaries in Valpo, IN | Glassdoor Let us know if you spot any inconsistencies in our data. Audience: All students Location: Statler 185 Learn More Mar 06 CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. 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. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. The article did not discuss the specific tiles that each of the three firms uses. New hires can expect relocation support payments between USD 2k and 10k. 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. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. 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. 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 Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK Averages based on self-reported salaries. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. MBA hires at Bain get PTO vacation of 25 days per year. Average salary for Bain & Company Consultant I in Crete: US$192,000. Jonathan Paul, Associate Consultant #atBain 1996-2023 Bain & Company, Inc. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. There is some polarity when it comes to work-life balance. Get a free, personalized salary estimate based on today's job market. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Competition for talent is high, and it has driven salaries up. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 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. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Each promotion to a higher level will also coincide with a salary leap. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus But compensation is competitive from the beginning. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Find Events - Recruits Portal - Bain & Company Bain & Company Management Consultant Salaries in Maldon This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. "Andrea Orcel is an excellent banker but his pay rise is extreme". Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. 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. technique - and why do banks like it? 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). 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Salary: Bain Strategy Consultant in London, UK 2023 Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst These numbers are just starting salaries. Bain looks for practical, leadership experience. These aren't remotely accurate and aren't even the correct job titles. Well tell you how much you can expect as an entry-level employee. 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. 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. 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. 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. bain consultant salary uk. 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. 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. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. At Bain, we champion the bold to achieve the extraordinary. 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. 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). Pay scales for consultants in England - British Medical Association When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? Download our full salary and bonus survey here. Bain & Company Consultant Salaries | Glassdoor 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 -. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Masters-level graduates get offered around $112,000 in base salary at Bain. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. However, if you have a good rationale for requesting a sign-on bonus you should ask. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. Their salaries typically start at 55,000 and can be as high as 65,000. Apply today for the Associate Consultant Athens 2023 with Bain & Company. If youre considering a career in management consulting, especially at a top firm like Bain and Company, youve probably been attracted to the competitive salaries offered in this field. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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. 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. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. f you want to work for thetop three consulting firmsthen theres not much in it. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Yet, top performers can rise to $220,000 at the high end.
Are There Sharks In Lake Hartwell, When A Girl Avoids Answering Your Question, Idaho High School Baseball Records, Best Flathead Fishing Spots Sydney, Riven Cheese Beyond Light, Articles B