After two years as a Consultant, employees who remain with the company and perform well are promoted to Case Team Leader for another two years. A comprehensive guide to Bain & Company Salary in 2020! Some receive only 10% of the potential payout. We offer exciting career opportunities in a broad array of fields. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Additional pay could include bonus, stock, commission, profit sharing or tips. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Extraordinary Outcomes. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Find thousands of job opportunities by signing up to eFinancialCareers today. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The salary trajectory of a Consultant ranges between locations and employers. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Bain & Company Salaries How much do Bain & Company employees make? Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Access all the online resources you need for success in your case and fit interviews. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. 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. The salaries and compensation structure at McKinsey, BCG, and Bain (MBB) or at Tier 2 consultancies, or Big 4 such as PWC careers are relatively rigid with very little room for negotiation. The salary growth itself is steep as you get promoted. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. 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. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. However, if you have a good rationale for requesting a sign-on bonus you should ask. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain Associate Consultants in the US can make up to $242,000 each year, with $175,000 from base salary, $37,000 from bonuses, and $30,000 from shared profits. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Being a shareholder in the partnership obviously comes with benefits on their own. Florian spent 5 years with McKinsey as a senior consultant. ), and one-time work-from-home bonuses have become more common. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. Again, there are some nuances when it comes to perks for MBA and PhD hires. Required fields are marked *. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 20227 Monate. Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster and more. OneDay @BCG Learn more Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. There is some flexibility to this schedule in comparison with some other top consulting firms. Looking for the best preparation to ace your case interviews? At Bain & Company, entry-level consultants may earn up to $120,000 per year, while senior ones have salaries up to $230,000 (bonuses and profit sharing included). The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Anonymously share your salary to help the community, Averages based on self-reported salaries. Masters-level graduates get offered around $112,000 in base salary at Bain. This article is updated annually. The estimated base pay is $159,610 per year. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Lets take a look at how the Bain consultant salary varies by role. Until this year, however, pay at the big consulting firmshad been climbing. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 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. The figures are drawn from Management Consulted. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Related Searches:All Consultant Salaries|All Bain & Company Salaries. Bain promotes top performers faster and rewards them better than at other firms. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. At the time, I wondered why other companies hadnt thought of this genius business strategy. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. All of those can add up to a nice sum, making competition for these roles extremely competitive. Learn about the award and see why employees love working at Bain. Learn how much management consultants make based on the firm and their experience level. The community relies on everyone sharing. For new MBA graduates basic salaries are between 80,000 and 90,000. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. ramona car accident sunday; mountain meadows subdivision 73% of these revenues were spent on pay. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. 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 compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. My path to Bain has been interesting. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. This is comparatively high compared to graduate salaries in most other fields. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Forbidden characters: \. Read Jonathan Paul's full story! 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. At this level, youre expected to leverage your professional network to bring in clients. 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. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Strategy consulting firms spent a lot on pay. Apply Today. What does it take to be a Bain management consultant? bain consultant salary ukrestoration companies near paris. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. A Bain consultant salary is one of the most competitive in the management consulting industry. 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. 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. 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 Has Been Named a Best Place to Work in 2023 by Glassdoor! For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Salary negotiation is highly unlikely at these levels. 2022 MConsultingPrep | Intellectual Property protected by DMCA. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . New hires can expect relocation support payments between USD 2k and 10k. While MBB firms froze salaries, they offered other perks, and there are some differences here. Let us know if you spot any inconsistencies in our data. The article did not discuss the specific tiles that each of the three firms uses. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. . technique - and why do banks like it? Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Eventually it will unless its offensive or libelous (in which case it wont. It's a very interesting job which gives strong basics to problem solving and data analysis, but this often comes with big cons, such as continuous travel and a not-ideal work-life balance. Have a confidential story, tip, or comment youd like to share? In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Deloitte Consulting in the UK pays its consultants 91,000. Key factors include education/certification, work experience & seniority, and each employees personal profile. Any update on the Mck comp. On top of that, employees are eligible for up to $41,250 in performance bonuses. McKinsey also offers to pay 50% of MBA tuition for returning interns. 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;. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 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 implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. 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. 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. The salary information is posted above, where we note an average base salary of $90,000. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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)! 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. We even created Excel templates and PowerPoint presentations. 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,. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. The community relies on everyone sharing. There is also some variance over the size of relocation packages, with Bain being the most generous. Bain's consultant salary in the UK is the highest out of the three at 97,000. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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). Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Though the full bonus isnt guaranteed. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. The estimated additional pay is $85,928 per year. Your email address will not be published. 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. I was going to help people solve problems. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. 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. Yet, top performers can rise to $220,000 at the high end. How much do Bain & Company employees make? During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Thats not to mention all the add-ons. . 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! 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 -. 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. 1996-2023 Bain & Company, Inc. Bain just increased paternal leaves (all genders) to 21 weeks. Download resume templates and watch in-depth, step-by-step resume advice videos. Generally, the bonus is normally distributed. Contribute Manager In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. There is some polarity when it comes to work-life balance. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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. And the Brain brand is very strong. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Managers at Bain design and oversee projects for clients. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Posted 02 Mar 2023. We even created Excel templates and PowerPoint presentations. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. They will usually remain at that level for up to two years. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Average salaries for Bain and Company Consultant: [salary]. 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. They are slightly higher for 2020. Learn about the award and see why employees love working at Bain. I was going to help people solve problems. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. The firm advises. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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. Bain & Company Salaries trends. 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. Management Consultant. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Our model gets smarter over time as more people share salaries on Glassdoor. The average Bain Partner Salary is in the neighborhood of $322,000 per year! Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Overall, our data shows that there isnt much difference in compensation between firms. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 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. Your input helps Glassdoor refine our pay estimates over time. 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. Bain & Company Salaries trends. FlashFash). Bain looks for practical, leadership experience. Entdecken Personen E-Learning . Yet, top performers can rise to $220,000 at the high end. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. 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. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Get a free, personalized salary estimate based on today's job market. What is the S.T.A.R.