There is some polarity when it comes to work-life balance. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Bain & Company 3 years 8 months Consultant Mar 2023 - Present1 month Denver, Colorado, United States Senior Associate Consultant Jun 2022 - Mar 202310 months Denver, Colorado, United States -. 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. Help make it more accurate by adding yours. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). 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. 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. Bain & Company Salaries in London, United Kingdom | Glassdoor CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. The salary trajectory of a Consultant ranges between locations and employers. 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. The community relies on everyone sharing. Management Consultant. 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. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Bain & Company Salaries in Reading, OH | Glassdoor I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Bain & Company Salaries in Hurst, England | Glassdoor 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 salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 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. Overall, our data shows that there isnt much difference in compensation between firms. 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. 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. These aren't remotely accurate and aren't even the correct job titles. 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. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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. What is average salary increase yearly in top consulting firms? Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? The guide to pay at Bain, McKinsey, BCG and the Big Four There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. He started StrategyCase.com with the goal to make top-tier consulting firms more accessible for top talent, using tailored and up-to-date know-how about their recruiting. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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 -. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. But theres no single answer to the question of what a Bain salary is, of course. bain consultant salary uk. Signing bonuses across all three firms remain at $30,000. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. Bain and Company Consultant Salaries | Glassdoor Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Bain Management Consultant Salary | $126K-$288K+ | Levels.fyi 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. I was going to help people solve problems. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Average salaries for Bain and Company Consultant: [salary]. Jonathan Paul, Associate Consultant #atBain In terms of living costs and compared to the average salaries, countries like Germany come out on top. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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 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. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Have a confidential story, tip, or comment youd like to share? A Bain consultant salary is one of the most competitive in the management consulting industry. 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! MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The most effective case book has arrived! Most of them cite a similar array of pros, which include a supportive, collaborative, and friendly environment among colleagues, an endless stream of opportunities for career development, the excellent Bain consultant salary, and a constantly stimulating & educational environment. 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). Closes 30 Mar 2023 Ref HW/15450 Job Title EA. 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. 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. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Strategy consulting firms spent a lot on pay. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Salary: Bain Strategy Consultant in London, UK 2023 While MBB firms froze salaries, they offered other perks, and there are some differences here. f you want to work for thetop three consulting firmsthen theres not much in it. Learn about the award and see why employees love working at Bain. In this article, we want to give you an insight into how much money you can expect and how your salary will progress as you move up the ranks at the different strategy consulting firms. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. The article did not discuss the specific tiles that each of the three firms uses. Bain & Company Consultant I Salaries in Crete | Glassdoor 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. Explore Roles | Bain & Company Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Across 64 cities in 39 countries, we work alongside our clients as one team with a. 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. 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. Also, certain employees will earn a different actual base for a variety of reasons. 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. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. If there is any room for negotiation it will be with the sign-on bonus. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The median compensation package totals $185K. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Investment associates x 2 , European Private Equity Fund - MBA level 2022 MConsultingPrep | Intellectual Property protected by DMCA. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. FlashFash). Careers at Bain & Company | Bain & Company Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. McKinsey and BCG pay 90,000 and 93,000 respectively. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. MBA hires at Bain get PTO vacation of 25 days per year. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Jonathan Paul, Associate Consultant #atBain 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). 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. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Bain promotes top performers faster and rewards them better than at other firms. Consultant $202K. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. ), and one-time work-from-home bonuses have become more common. My path to Bain has been interesting. Additional pay could include bonus, stock, commission, profit sharing or tips. Are you an impact player? 1996-2023 Bain & Company, Inc. Extraordinary Outcomes. Bain Salaries | Levels.fyi Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. That aims to maximize the chance of entering stage 2. Accounts recently filed by Bain & Co. Inc.for the year ending December 2020 show that Bain's UK entity earned243m($327m) in revenues last year, up from 198m in 2019. Eventually it will unless its offensive or libelous (in which case it wont. Some firms offer this as part of their standard package, while others dont. Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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. Bain & Company Bain & Company/Facebook Potential total compensation: up to $216,250 Signing bonus: $30,000 (UK, 15,000, Switzerland: CHF 35,000) Relocation: $8,000 for under 400 miles;. The community relies on everyone sharing. Stage 3 Fit Interview & Case Interview: Check out 2 articles Bain Fit Interview and Bain Case Interview to have a clearer idea of what you may expect during your application. In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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 & Company Consulting Practice Manager Salaries in Maldon, England Zurich, Switzerland . ), 2023 eFinancialCareers - All rights reserved. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Being a shareholder in the partnership obviously comes with benefits on their own. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Holy crap. New hires can expect relocation support payments between USD 2k and 10k. 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 figures are drawn from Management Consulted. Well tell you how much you can expect as an entry-level employee. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. technique - and why do banks like it? Managers at Bain design and oversee projects for clients. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. 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. 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. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Bain only hires motivated, intelligent, creative, and highly competent people. 2022 consulting salaries: how much top management consultants earn He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Manager $268K. Jobs in United Kingdom | Careers | Boston Consulting Group - BCG Management Consulting Salaries (2023) - Case Interview BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. This article is updated annually. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. These employees in the US earned an average base salary of $165,000 a year. 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 & 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. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Bain & Company Salaries trends. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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. McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball How much do consultants at McKinsey, BCG, and Bain make (in USD)? Can you make it happen? Thats not to mention all the add-ons. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 28 emails packed with tips. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Key factors include education/certification, work experience & seniority, and each employees personal profile. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, 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), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. The estimated total pay for a Consultant at Bain & Company is $245,538 per 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. 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)! 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. All of those can add up to a nice sum, making competition for these roles extremely competitive. 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. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. At this level, youre expected to leverage your professional network to bring in clients. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. This equates to $116,000 in base salary and $53,000 in performance bonuses. 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. Bain Manager Salary Managers at Bain design and oversee projects for clients. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. A staggering 94% of Bain employees and alumni would recommend the experience to a friend.
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