Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Bain looks for practical, leadership experience. 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. EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. There is some flexibility to this schedule in comparison with some other top consulting firms. Being a shareholder in the partnership obviously comes with benefits on their own. Thats not to mention all the add-ons. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. If there is any room for negotiation it will be with the sign-on bonus. technique - and why do banks like it? All of those can add up to a nice sum, making competition for these roles extremely competitive. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Bain Associate Consultant 52,271/yr Avg. Bain just increased paternal leaves (all genders) to 21 weeks. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK Can you make it happen? The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. "Andrea Orcel is an excellent banker but his pay rise is extreme". Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 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. Extraordinary Outcomes. Bain Consultant Salary | What Could You Earn At Bain & Company? 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. 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 significant difference also holds true for new hires with an MBA or PhD. MBA hires at Bain get PTO vacation of 25 days per year. Bain & Company It Consultant Salaries in Crawley | Glassdoor Invalid empty value or special character. 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 Been Named a Best Place to Work in 2023 by Glassdoor! Bain vs McKinsey ?? which is the better place to start? New hires can expect relocation support payments between USD 2k and 10k. Consulting Based on 462 salaries Consultant 170 salaries Associate Consultant 147 salaries View More Business Based on 82 salaries Manager 41 salaries Senior Manager 20 salaries Bain & Company Salaries in Hurst, England | Glassdoor My path to Bain has been interesting. 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. The salary figures in this article are for those joining management consulting positions in 2023. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. I was going to help people solve problems. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Generally, the bonus is normally distributed. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. ), 2023 eFinancialCareers - All rights reserved. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. 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. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. What is average salary increase yearly in top consulting firms? 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. We even created Excel templates and PowerPoint presentations. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. In 2021, all three BBM firms were only paying $90k salaries. Read more about Consulting Salaries For MBA & Masters Graduates. Bain & Company Consulting Practice Manager Salaries in Maldon, England Its also possible to get a relocation bonus of $8,000 if youre coming from under 400 miles away and $16,000 if youre coming from more than 400 miles away. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Learn how much management consultants make based on the firm and their experience level. technique - and why do banks like it? You can expect the salary progression of the top 3 firms to look similar to the chart below. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. 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 Management Consultant Salary | $126K-$288K+ | Levels.fyi While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. 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. 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 average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. They are slightly higher for 2020. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Manager $268K. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. On top of that, employees are eligible for up to $41,250 in performance bonuses. 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. 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). Participating in these programs will help you build connections and increase the likelihood of receiving an interview. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). What does it take to be a Bain management consultant? Find Jobs ETR: Careers. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. That aims to maximize the chance of entering stage 2. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. They will usually remain at that level for up to two years. Jonathan Paul, Associate Consultant #atBain 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 receive only 10% of the potential payout. At this level, youre expected to leverage your professional network to bring in clients. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? The salary information is posted above, where we note an average base salary of $90,000. A comprehensive guide to Bain & Company Salary in 2020! .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Find thousands of job opportunities by signing up to eFinancialCareers today. Though the full bonus isnt guaranteed. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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. We offer exciting career opportunities in a broad array of fields. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Youll build a powerful network in the process. Zurich, Switzerland . He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. 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. You will see that consulting salaries increase by ~30% year-on-year over ten years with a comparably faster increase in the first three years followed by a sharp increase between the role of Associate Partner and Partner. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . 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! 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. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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. Also, certain employees will earn a different actual base for a variety of reasons. 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)! Looking for the best preparation to ace your case interviews? Average salary for Bain & Company Management Consultant in Maldon: 96,081. 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. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Here's how much you'll make at McKinsey, Bain and - eFinancialCareers Eventually it will unless its offensive or libelous (in which case it wont.). Any update on the Mck comp. 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. Job Search | Bain & Company, Inc. Read Jonathan Paul's full story! OneDay @BCG Learn more 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Bain Manager Salary Managers at Bain design and oversee projects for clients. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. The consulting industry has been booming in recent years, and going hard after top talent. Why consulting? Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. The community relies on everyone sharing. FlashFash). 20227 Monate. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Average salaries for Bain and Company Consultant: [salary]. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. These numbers are just starting salaries. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Competition for talent is high, and it has driven salaries up. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 28 emails packed with tips. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Managers at Bain design and oversee projects for clients. There is some polarity when it comes to work-life balance. Forbidden characters: \. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. Management Consulting Salaries (2023) - Case Interview We even created Excel templates and PowerPoint presentations. 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. 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. This equates to $116,000 in base salary and $53,000 in performance bonuses. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. These aren't remotely accurate and aren't even the correct job titles. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Employees maintain this role for 6-24 months before rising to the level of Consultant. 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 -. 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. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Bain & Company - Associate Consultant Athens 2023 This is a breakdown of management consulting salaries in 2022. 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. Required fields are marked *. Management Consultant. The average Bain Partner Salary is in the neighborhood of $322,000 per year! PwC UK pays Consultants a nice 85,000/year. McKinsey also offers to pay 50% of MBA tuition for returning interns. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Bain only hires motivated, intelligent, creative, and highly competent people. 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. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 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 | Bain and Company Consultant Salaries | Glassdoor 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. The article did not discuss the specific tiles that each of the three firms uses. Related Searches:All Consultant Salaries|All Bain & Company Salaries. 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. The figures are drawn from Management Consulted. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Learn how much management consultants make based on the firm and their experience level. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Download resume templates and watch in-depth, step-by-step resume advice videos. 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)! A Bain consultant salary is one of the most competitive in the management consulting industry. But theres no single answer to the question of what a Bain salary is, of course. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Some firms offer this as part of their standard package, while others dont. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Learn how this feature works. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Sarina Schefer - Associate Consultant - Bain & Company | LinkedIn 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat.
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