Lets compare the entry level salaries between both countries. Lets take a look at how the Bain consultant salary varies by role. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Salary negotiation is highly unlikely at these levels. Bain looks for practical, leadership experience. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 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. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? Contact:sbutcher@efinancialcareers.comin the first instance. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. 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;. Your input helps Glassdoor refine our pay estimates over time. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. 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. 0 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. Learn how this feature works. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Have a confidential story, tip, or comment youd like to share? But theres no single answer to the question of what a Bain salary is, of course. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. ), 2023 eFinancialCareers - All rights reserved. Apply Today. 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. 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. Industry Sector . BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. The salary trajectory of a Consultant ranges between locations and employers. Can you make it happen? What is the S.T.A.R. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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. Greenwich Partners, London, Vereinigtes Knigreich Job: Bewerben Sie sich fr Investment associates x 2 , European Private Equity Fund - MBA level Strategy Consultants sought from firms like McKinsey, Bain and BCG in Greenwich Partners, London, Vereinigtes Knigreich. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. 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. 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. 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. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the Bain associate salary level. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. We offer exciting career opportunities in a broad array of fields. Only 1% of candidates receive consulting offers from Bain & Company. Its on the level of McKinsey or an Ivy League education. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. 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. . This equates to $116,000 in base salary and $53,000 in performance bonuses. They are slightly higher for 2020. OneDay @BCG Learn more A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Zurich, Switzerland . The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Learn how much management consultants make based on the firm and their experience level. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Extraordinary Outcomes. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. 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. 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. Eventually it will unless its offensive or libelous (in which case it wont.). 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)! Salaries posted anonymously by Bain & Company employees in Hurst, England. Based on the applicants tenure and experience, the top 3 consulting firms in the US pay signing bonuses in the range between USD 5k (for business analysts) and 30k (for senior associates and project leaders). Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Looking for the best preparation to ace your case interviews? Bain & Company Salaries trends. 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. 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! 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. There is some polarity when it comes to work-life balance. Well tell you how much you can expect as an entry-level employee. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 20227 Monate. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Salary 28.00ph - 38.00ph +holiday pay . 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. 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. You can expect the salary progression of the top 3 firms to look similar to the chart below. 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! Strategy consulting firms spent a lot on pay. If there is any room for negotiation it will be with the sign-on bonus. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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) This is a breakdown of management consulting salaries in 2022. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Contribute Manager BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. 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. 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. 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. Well also take a look at the nature of the career path at Bain, as well as employee reviews. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. The estimated additional pay is $85,928 per year. Though the full bonus isnt guaranteed. ), and one-time work-from-home bonuses have become more common. 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. How much do Bain & Company employees make? Again, there are some nuances when it comes to perks for MBA and PhD hires. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. Find out what salary you could earn at Bain & Company after an MBA or masters degree. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 2021 local clinical excellence awards (LCEAs) The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at 3,092. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 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 -. The estimated additional pay is $85,928 per year. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. 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. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Overall, our data shows that there isnt much difference in compensation between firms. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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 highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). 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. 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). Overall, if you want to work for thetop three consulting firmsthen theres not much in it. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Until this year, however, pay at the big consulting firmshad been climbing. Bain only hires motivated, intelligent, creative, and highly competent people. Key factors include education/certification, work experience & seniority, and each employees personal profile. Find Jobs ETR: Careers. 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. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. I was going to help people solve problems. Find thousands of job opportunities by signing up to eFinancialCareers today. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. On top of that, employees are eligible for up to $41,250 in performance bonuses. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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. Each promotion to a higher level will also coincide with a salary leap. At McKinsey, the figure remains at $45,000. The estimated base pay is $159,610 per year. 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. Learn about the award and see why employees love working at Bain. Also, certain employees will earn a different actual base for a variety of reasons. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. But an increasing number of boutique firms are appearing on the stage with traditional players. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. There is some flexibility to this schedule in comparison with some other top consulting firms. 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. What is the S.T.A.R. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. The salary figures in this article are for those joining management consulting positions in 2023. Join 90,000+ on the #1 consulting prep channel! Here, consulting firms pay a significant premium over industry roles available to recent graduates, whereas UK consulting salaries are relatively low considering the high living cost of London. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Masters-level graduates get offered around $112,000 in base salary at Bain. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Get a free, personalized salary estimate based on today's job market. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Plus sample case and fit interview videos.
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