Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Salary also varies by location, and there can be stark differences from one country to the next. These employees in the US earned an average base salary of $165,000 a year. "Andrea Orcel is an excellent banker but his pay rise is extreme". U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Read Jonathan Paul's full story! 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. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Eventually it will unless its offensive or libelous (in which case it wont. 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. 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. These numbers are just starting salaries. bain consultant salary uk. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 0 This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. McKinsey interviews (2023): the comprehensive insider guide, How to interpret charts and data in case interviews, McKinsey Personal Experience Interview: comprehensive insider guide, Case interview examples (2023): a collection from McKinsey and others, McKinsey Solve Game (2023): How to prepare and ace the Imbellus, 2023 | Contact: +43 6706059449 | Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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. MBA hires at Bain get PTO vacation of 25 days per year. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. 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. What does it take to be a Bain management consultant? bain consultant salary ukrestoration companies near paris. Industry Sector . 73% of these revenues were spent on pay. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. According to the exchange rate at the time of writing, this equated to a base Bain and Company consultant salary of $58,000, with up to $14,500 in performance bonuses. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Some firms offer this as part of their standard package, while others dont. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Signing bonuses across all three firms remain at $30,000. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. Jonathan Paul, Associate Consultant #atBain The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Bain & Company Salaries trends. At McKinsey, the figure remains at $45,000. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. A comprehensive guide to Bain & Company Salary in 2020! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Posted 02 Mar 2023. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! How much do Bain & Company employees make? By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! PwC UK pays Consultants a nice 85,000/year. 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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. 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. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. 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. Have a confidential story, tip, or comment youd like to share? What is the S.T.A.R. Are you an impact player? Why consulting? On top of that, employees are eligible for up to $41,250 in performance bonuses. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. They will usually remain at that level for up to two years. You can expect the salary progression of the top 3 firms to look similar to the chart below. Bain only hires motivated, intelligent, creative, and highly competent people. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Thats not to mention all the add-ons. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Find thousands of job opportunities by signing up to eFinancialCareers today. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. At Bain, we champion the bold to achieve the extraordinary. In 2021, all three BBM firms were only paying $90k salaries. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. 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. 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 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Can you make it happen? 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. . This is comparatively high compared to graduate salaries in most other fields. bain consultant salary uk 2021 . Each promotion to a higher level will also coincide with a salary leap. 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. All of those can add up to a nice sum, making competition for these roles extremely competitive. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 8 full cases with solutions (incl. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. There is some flexibility to this schedule in comparison with some other top consulting firms. Learn how much management consultants make based on the firm and their experience level. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Salary 28.00ph - 38.00ph +holiday pay . The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. Manager $268K. Yet, top performers can rise to $220,000 at the high end. 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. Overall, our data shows that there isnt much difference in compensation between firms. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Invalid empty value or special character. Lets compare the entry level salaries between both countries. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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) Bain just increased paternal leaves (all genders) to 21 weeks. 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 highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Key factors include education/certification, work experience & seniority, and each employees personal profile. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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. 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. Also, certain employees will earn a different actual base for a variety of reasons. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. . Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Some receive only 10% of the potential payout. Join 90,000+ on the #1 consulting prep channel! The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Strategy consulting firms spent a lot on pay. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Learn more Apply Now Contact:sbutcher@efinancialcareers.comin the first instance. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. ramona car accident sunday; mountain meadows subdivision Bain Associate Consultant 52,271/yr Avg. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Competition for talent is high, and it has driven salaries up. 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. Average salary for Bain & Company Management Consultant in Maldon: 96,081. My path to Bain has been interesting. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. This equates to $116,000 in base salary and $53,000 in performance bonuses. Read Jonathan Paul's full story! Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Bain promotes top performers faster and rewards them better than at other firms. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. The most effective case book has arrived! Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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,.
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