Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Industry Sector . Apply Today. 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. Key factors include education/certification, work experience & seniority, and each employees personal profile. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. Learn about the award and see why employees love working at Bain. Bain Principals and Partners in the US can make up to $1,000,000 each year, with $400,000 from base salary, and $600,000 from bonuses. 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. Consulting salary grows at 5 percent annually on average. Specialist, Consulting Programs. Manager $268K. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Employees maintain this role for 6-24 months before rising to the level of Consultant. Yet, top performers can rise to $220,000 at the high end. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Forbidden characters: \. Average salaries for Bain and Company Consultant: [salary]. The estimated additional pay is $85,928 per year. 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. 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). Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Bain & Company Salaries trends. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Are you an impact player? 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,. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 2022 MConsultingPrep | Intellectual Property protected by DMCA. How much do consultants at McKinsey, BCG, and Bain make (in USD)? 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 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. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. 20227 Monate. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. At McKinsey, the figure remains at $45,000. The salary growth itself is steep as you get promoted. In 2021, all three BBM firms were only paying $90k 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. 8 full cases with solutions (incl. Learn how this feature works. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. 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. 73% of these revenues were spent on pay. 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 looks for practical, leadership experience. The exact size of this payment is driven by the role and distance of the relocation. Can you make it happen? 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 community relies on everyone sharing. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. 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). ), and one-time work-from-home bonuses have become more common. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Jonathan Paul, Associate Consultant #atBain 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. 0 Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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, OTC Equity Derivatives Client Relationship Manager, 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. Plus sample case and fit interview videos. 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 Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. 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. 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. 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. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Salaries posted anonymously by Bain & Company employees in Reading, OH. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. For new MBA graduates basic salaries are between 80,000 and 90,000. 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! Bain recruits MBA and masters level consultants from top US business schools including Harvard, Wharton, and Stanford as well as schools outside the US like INSEAD, HEC Paris, and London Business School. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Learn more Apply Now 73% of these revenues were spent on pay. 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. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. This is a breakdown of management consulting salaries in 2022. I was going to help people solve problems. Bain just increased paternal leaves (all genders) to 21 weeks. These aren't remotely accurate and aren't even the correct job titles. The salary information is posted above, where we note an average base salary of $90,000. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. McKinsey and BCG pay 90,000 and 93,000 respectively. But theres no single answer to the question of what a Bain salary is, of course. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. These employees earn an average base salary of $165,000 a year to start. 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". Let us know if you spot any inconsistencies in our data. 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. 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. Contact:sbutcher@efinancialcareers.comin the first instance. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. The estimated base pay is $159,610 per year. 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. 3 salaries for 3 jobs at Bain & Company in Reading, OH. 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 salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Read Jonathan Paul's full story! Find Jobs ETR: Careers. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 715 salaries for 117 jobs at Bain & Company in Hurst, England. 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. Two-to-three years out of an MBA program, Bain manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. The median compensation package totals $185K. The firm advises. FlashFash). Managers at Bain design and oversee projects for clients. And the Brain brand is very strong. Until this year, however, pay at the big consulting firmshad been climbing. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. In terms of living costs and compared to the average salaries, countries like Germany come out on top. 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. Salary negotiation is highly unlikely at these levels. Eventually it will unless its offensive or libelous (in which case it wont.). As well as Bain consultant salary benefits, careers at Bain come with many perks. bain consultant salary uk 2021 . 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. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Your input helps Glassdoor refine our pay estimates over time. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Bain Associate Consultant 52,271/yr Avg. Generally, the bonus is normally distributed. 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. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Average salary for Bain & Company Consultant I in Crete: US$192,000. The estimated additional pay is $85,928 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. 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. 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. 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. "Andrea Orcel is an excellent banker but his pay rise is extreme". Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. McKinsey also offers to pay 50% of MBA tuition for returning interns. 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. Help make it more accurate by adding yours. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. There is a lot of room for growth at Bain, both in terms of role and in terms of growth above your Bain starting salary. This is comparatively high compared to graduate salaries in most other fields. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). This employer has claimed their Employer Profile and is engaged in the Glassdoor community. bain consultant salary ukrestoration companies near paris. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. The most effective case book has arrived! Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. You can expect the salary progression of the top 3 firms to look similar to the chart below. There is some polarity when it comes to work-life balance. 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's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. ramona car accident sunday; mountain meadows subdivision 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 consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. 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)! Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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 Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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. Why consulting? Learn how much management consultants make based on the firm and their experience level. 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 |

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