In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. However, if you have a good rationale for requesting a sign-on bonus you should ask. What does it take to be a Bain management consultant? Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. Required fields are marked *. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. . Florian spent 5 years with McKinsey as a senior consultant. Extraordinary Outcomes. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. This is comparatively high compared to graduate salaries in most other fields. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 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. 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. 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. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. 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. Bain & Company is one of the world's leading management consulting firms, working with top executives to help them make better decisions, convert those decisions to actions and deliver the sustainable success they desire. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Thats not to mention all the add-ons. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Junior partners or non-equity partners would make USD ~350k and young partners start at around USD 700k per year, both with more than 50% of their salary being variable based on a combination of their performance and their firms performance. 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. We even created Excel templates and PowerPoint presentations. 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. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. The median compensation package totals $185K. 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. Bain Associate Consultant 52,271/yr Avg. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. On top of that, employees are eligible for up to $41,250 in performance bonuses. 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. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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. We offer exciting career opportunities in a broad array of fields. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Learn more Apply Now We can help you get your desired MBB consulting offer. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. bain consultant salary uk. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Your email address will not be published. ), and one-time work-from-home bonuses have become more common. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. Eventually it will unless its offensive or libelous (in which case it wont.). 0 . 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. McKinsey also offers to pay 50% of MBA tuition for returning interns. Learn how much management consultants make based on the firm and their experience level. Office: Washington, D.C. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. 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. bain consultant salary uk 2021 . 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. 73% of these revenues were spent on pay. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. Strategy consulting firms spent a lot on pay. 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. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Salary 28.00ph - 38.00ph +holiday pay . At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain & Company Salaries trends. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Salary discussions are very important for most applicants at McKinsey, the Boston Consulting Group (BCG), and Bain after having invested significant amounts of money and time into their prestigious education. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Across 64 cities in 39 countries, we work alongside our clients as one team with a. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Average salary for Bain & Company Consultant I in Crete: US$192,000. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. The Bain salary in other countries varies for obvious reasons. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Consultant $202K. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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 | The salary growth itself is steep as you get promoted. 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 Forbidden characters: \. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Also, certain employees will earn a different actual base for a variety of reasons. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Learn how this feature works. Our model gets smarter over time as more people share salaries on Glassdoor. These employees earn an average base salary of $165,000 a year to start. Specialist, Consulting Programs. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Your input helps Glassdoor refine our pay estimates over time. If there is any room for negotiation it will be with the sign-on bonus. Download resume templates and watch in-depth, step-by-step resume advice videos. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. But theres no single answer to the question of what a Bain salary is, of course. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Have a confidential story, tip, or comment youd like to share? The salary trajectory of a Consultant ranges between locations and employers. 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 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Help make it more accurate by adding yours. At Bain, we champion the bold to achieve the extraordinary. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 1996-2023 Bain & Company, Inc. Its on the level of McKinsey or an Ivy League education. While MBB firms froze salaries, they offered other perks, and there are some differences here. Read Jonathan Paul's full story! Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. But an increasing number of boutique firms are appearing on the stage with traditional players. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 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. Bain promotes top performers faster and rewards them better than at other firms. To improve your skills in all areas of the interview, check out our targeted offers below. Industry Sector . He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. 2021-Apr. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster and more. They will usually remain at that level for up to two years. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Contact:sbutcher@efinancialcareers.comin the first instance. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. The figures are drawn from Management Consulted. Jonathan Paul, Associate Consultant #atBain 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. ramona car accident sunday; mountain meadows subdivision These aren't remotely accurate and aren't even the correct job titles. Youll build a powerful network in the process. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. 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). Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain looks for practical, leadership experience. 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. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. 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 McKinsey, the figure remains at $45,000. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Posted 02 Mar 2023. 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. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Some firms offer this as part of their standard package, while others dont. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. As for support stuff (e.g., junior analyst McKinsey salary, junior research analyst McKinsey salary, research analyst McKinsey salary) the salary is usually adjusted downward from the consultant role, which is in line with the lower work and travel demands for non-consulting roles. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. 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. 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. The estimated base pay is $159,610 per year. Holy crap. 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. technique - and why do banks like it? Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. New hires can expect relocation support payments between USD 2k and 10k. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. My path to Bain has been interesting. These numbers are just starting salaries. 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. In exchange for putting in some long hours at Bain, you will learn an incredible amount from highly intelligent and knowledgeable people clients and colleagues across a wide range of business functions. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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". 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. ), 2023 eFinancialCareers - All rights reserved. "Andrea Orcel is an excellent banker but his pay rise is extreme". I was going to help people solve problems. Have a confidential story, tip, or comment youd like to share? But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Salaries posted anonymously by Bain & Company employees in Reading, OH. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Average salaries for Bain and Company Consultant: [salary]. Looking for the best preparation to ace your case interviews? The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Bain & Company Salaries How much do Bain & Company employees make? Can you make it happen? For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume.