Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Apply today for the Associate Consultant Athens 2023 with Bain & Company. A comprehensive guide to Bain & Company Salary in 2020! 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Required fields are marked *. The Bain salary in other countries varies for obvious reasons. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Consultant is $70,432 per year in United States, The Ultimate Job Interview Preparation Guide. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? 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. I was going to help people solve problems. Being a shareholder in the partnership obviously comes with benefits on their own. The article did not discuss the specific tiles that each of the three firms uses. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. At Bain, we champion the bold to achieve the extraordinary. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Let us know if you spot any inconsistencies in our data. Bain & Company Salaries trends. Lets compare the entry level salaries between both countries. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. The community relies on everyone sharing. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Get a free, personalized salary estimate based on today's job market. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Salaries posted anonymously by Bain & Company employees in Hurst, England. To improve your skills in all areas of the interview, check out our targeted offers below. To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. They are slightly higher for 2020. Additional pay could include bonus, stock, commission, profit sharing or tips. The average Bain & Company salary ranges from approximately 38,105 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Get started with your Free Employer Profile, OTC Equity Derivatives Client Relationship Manager, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. Average salaries for Bain and Company Consultant: [salary]. 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. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Apply Today. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. 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. We can help you get your desired MBB consulting offer. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. You can expect the salary progression of the top 3 firms to look similar to the chart below. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. This equates to $116,000 in base salary and $53,000 in performance bonuses. ), and one-time work-from-home bonuses have become more common. 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. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. 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). 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. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. PwC UK pays Consultants a nice 85,000/year. Entdecken Personen E-Learning . Have a confidential story, tip, or comment youd like to share? . 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. Download resume templates and watch in-depth, step-by-step resume advice videos. There is some flexibility to this schedule in comparison with some other top consulting firms. 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. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Salary negotiation is highly unlikely at these levels. Read Jonathan Paul's full story! 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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. 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. 73% of these revenues were spent on pay. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. 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. 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 community relies on everyone sharing. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. 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. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. f you want to work for thetop three consulting firmsthen theres not much in it. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Well also take a look at the nature of the career path at Bain, as well as employee reviews. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Looking for the best preparation to ace your case interviews? Bain's consultant salary in the UK is the highest out of the three at 97,000. Extraordinary Outcomes. 2022 MConsultingPrep | Intellectual Property protected by DMCA. Your email address will not be published. The firm advises. 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. Salary also varies by location, and there can be stark differences from one country to the next. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. There is also some variance over the size of relocation packages, with Bain being the most generous. Some firms offer this as part of their standard package, while others dont. 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. On top of that, employees are eligible for up to $41,250 in performance bonuses. Lets take a look at how the Bain consultant salary varies by role. Learn how much management consultants make based on the firm and their experience level. 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. The exact size of this payment is driven by the role and distance of the relocation. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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. Consultant $202K. Learn more Apply Now The difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. Employees maintain this role for 6-24 months before rising to the level of Consultant. bain consultant salary uk. The salary information is posted above, where we note an average base salary of $90,000. What is the S.T.A.R. FlashFash). 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. 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. 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. The consulting industry has been booming in recent years, and going hard after top talent. 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 -. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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. Learn about the award and see why employees love working at Bain. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. 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. This is comparatively high compared to graduate salaries in most other fields. Any update on the Mck comp. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. "Andrea Orcel is an excellent banker but his pay rise is extreme". The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Bain Associate Consultant 52,271/yr Avg. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. All of those can add up to a nice sum, making competition for these roles extremely competitive. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Consulting also has a fast career progression and meritocratic pay, which means that top performers stand to gain a high sum in a comparatively short period of time. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Join 90,000+ on the #1 consulting prep channel! Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 715 salaries for 117 jobs at Bain & Company in Hurst, England. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. 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. OneDay @BCG Learn more Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Holy crap. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. 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. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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) The median compensation package totals $185K. We even created Excel templates and PowerPoint presentations. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 8 full cases with solutions (incl. Consulting salary grows at 5 percent annually on average. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. This is comparatively high compared to graduate salaries in most other fields. 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 lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. bain consultant salary uk 2021 . Well tell you how much you can expect as an entry-level employee. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Bain promotes top performers faster and rewards them better than at other firms. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. 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. 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. Learn how much management consultants make based on the firm and their experience level. At McKinsey, the figure remains at $45,000. Office: Washington, D.C. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. The estimated base pay is $159,610 per year. 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. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. 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. These aren't remotely accurate and aren't even the correct job titles. McKinsey does pay less than other firms at the lowest entry-level, but beyond that, the differences with other firms are not large enough to be meaningful. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. The salary growth itself is steep as you get promoted. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. And find the best graduate job opportunities on Bright Network. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Competition for talent is high, and it has driven salaries up. Contact: [email protected], Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings.

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