PwC UK pays Consultants a nice 85,000/year. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Can you make it happen? Learn about the award and see why employees love working at Bain. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 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. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. f you want to work for thetop three consulting firmsthen theres not much in it. The firm advises. technique - and why do banks like it? Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Holy crap. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. This equates to $116,000 in base salary and $53,000 in performance bonuses. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your 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). Join 90,000+ on the #1 consulting prep channel! Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Yet, top performers can rise to $220,000 at the high end. Manager $268K. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Bain salary progression is quite steep relative to the corporate world. Our model gets smarter over time as more people share salaries on Glassdoor. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. Basic salaries at top firms 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. 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. Eventually it will unless its offensive or libelous (in which case it wont.). 20227 Monate. The article did not discuss the specific tiles that each of the three firms uses. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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. In 2021, all three BBM firms were only paying $90k salaries. Across 64 cities in 39 countries, we work alongside our clients as one team with a. 0 How much do Bain & Company employees make? Why consulting? Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 73% of these revenues were spent on pay. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! You can expect the salary progression of the top 3 firms to look similar to the chart below. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. At McKinsey, the figure remains at $45,000. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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. Managers at Bain design and oversee projects for clients. Associate Consultant $118K. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Bain Associate Consultant 52,271/yr Avg. Invalid empty value or special character. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. 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. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Learn how this feature works. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! ), and one-time work-from-home bonuses have become more common. But theres no single answer to the question of what a Bain salary is, of course. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. "Andrea Orcel is an excellent banker but his pay rise is extreme". 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". 3 salaries for 3 jobs at Bain & Company in Reading, OH. And find the best graduate job opportunities on Bright Network. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. 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 Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Bain only hires motivated, intelligent, creative, and highly competent people. 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 terms of living costs and compared to the average salaries, countries like Germany come out on top. My path to Bain has been interesting. Read Jonathan Paul's full story! These employees in the US earned an average base salary of $165,000 a year. 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. The community relies on everyone sharing. The salary growth itself is steep as you get promoted. Any update on the Mck comp. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. The 2021 salary report from industry coaching firmManagement Consulted shows that salaries at the top three firms McKinsey,Bainand Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. 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. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. The salary information is posted above, where we note an average base salary of $90,000. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Consulting salary grows at 5 percent annually on average. For new MBA graduates basic salaries are between 80,000 and 90,000. Entdecken Personen E-Learning . Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Salary also varies by location, and there can be stark differences from one country to the next. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 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. 1996-2023 Bain & Company, Inc. Forbidden characters: \. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Employees maintain this role for 6-24 months before rising to the level of Consultant. MBA hires at Bain get PTO vacation of 25 days per year. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Youll build a powerful network in the process. I was going to help people solve problems. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Their salaries typically start at 55,000 and can be as high as 65,000. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. 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. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Looking for the best preparation to ace your case interviews? bain consultant salary uk. 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. Salaries posted anonymously by Bain & Company employees in Reading, OH. Get a free, personalized salary estimate based on today's job market. 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 550+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases. 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. OneDay @BCG Learn more Bain Consultant salary (MBA/Experienced-level) Base: $165,000 (UK: 86,000, Canada: CA$160,000, India: 3,500,000, Germany: 103,000) Performance Bonus: up to $41,250 (UK: up to 20,000, India: 770,000, Germany: 25,000) Profit Sharing: up to $20,000 (UK: 6,000, Canada: CA$20,000) Retirement: 401k contribution up to $8,000 (UK: 10,000) 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. 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. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Industry Sector . Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. Learn how much management consultants make based on the firm and their experience level. 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)! 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. 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. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. This is comparatively high compared to graduate salaries in most other fields. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Generally, the bonus is normally distributed. Only 1% of candidates receive consulting offers from Bain & Company. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Again, there are some nuances when it comes to perks for MBA and PhD hires. 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. Also, certain employees will earn a different actual base for a variety of reasons. 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! Have a confidential story, tip, or comment youd like to share? An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The estimated additional pay is $85,928 per year. And if you happen to thrive in a challenging but supportive environment like Bains, you could easily see your Bain and Company salary rise to truly staggering figures as you advance along the promotion schedule. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus My path to Bain has been interesting. The median compensation package totals $185K. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. bain consultant salary uk 2021 . ), 2023 eFinancialCareers - All rights reserved. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Strategy consulting firms spent a lot on pay. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Access all the online resources you need for success in your case and fit interviews. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? 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;. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Read Jonathan Paul's full story! 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. 2021-Apr. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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. At Bain, we champion the bold to achieve the extraordinary. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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 -. These numbers are just starting salaries. 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. 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. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. What does it take to be a Bain management consultant? Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Additional pay could include bonus, stock, commission, profit sharing or tips. Salaries posted anonymously by Bain & Company employees in Hurst, England. 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,. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. 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. Learn about the award and see why employees love working at Bain. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Overall, our data shows that there isnt much difference in compensation between firms. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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. Its on the level of McKinsey or an Ivy League education. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. All of those can add up to a nice sum, making competition for these roles extremely competitive. They are slightly higher for 2020. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. I was going to help people solve problems. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. But an increasing number of boutique firms are appearing on the stage with traditional players. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO.
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