How much do Bain & Company employees make? Key factors include education/certification, work experience & seniority, and each employees personal profile. Lets take a look at how the Bain consultant salary varies by role. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. ), and one-time work-from-home bonuses have become more common. 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. 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. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. How much do Bain & Company employees make? Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Read Jonathan Paul's full story! In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 715 salaries for 117 jobs at Bain & Company in Hurst, England. We even created Excel templates and PowerPoint presentations. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. f you want to work for thetop three consulting firmsthen theres not much in it. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. Any update on the Mck comp. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 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. 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. And find the best graduate job opportunities on Bright Network. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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, 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. These numbers are just starting salaries. Entdecken Personen E-Learning . Your email address will not be published. Eventually it will unless its offensive or libelous (in which case it wont.). Office: Washington, D.C. 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). Learn how much management consultants make based on the firm and their experience level. We offer exciting career opportunities in a broad array of fields. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Learn more Apply Now The salary trajectory of a Consultant ranges between locations and employers. Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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. 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. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. 2021-Apr. 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. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. But compensation is competitive from the beginning. 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. If you are overcoming hardships, we wanna help! Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Download resume templates and watch in-depth, step-by-step resume advice videos. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. This equates to $116,000 in base salary and $53,000 in performance bonuses. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. The salary growth itself is steep as you get promoted. 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. Bain & Company Salaries trends. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Bain only hires motivated, intelligent, creative, and highly competent people. These employees in the US earned an average base salary of $165,000 a year. While MBB firms froze salaries, they offered other perks, and there are some differences here. We can help you get your desired MBB consulting offer. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Average salaries for Bain and Company Consultant: [salary]. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. In 2021, all three BBM firms were only paying $90k salaries. OneDay @BCG Learn more This article is updated annually. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. . These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 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. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. technique - and why do banks like it? Only 1% of candidates receive consulting offers from Bain & Company. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). They will usually remain at that level for up to two years. Have a confidential story, tip, or comment youd like to share? Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Manager $268K. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Zurich, Switzerland . Can you make it happen? The community relies on everyone sharing. 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. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Strategy consulting firms spent a lot on pay. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" As well as Bain consultant salary benefits, careers at Bain come with many perks. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Bain Associate Consultant 52,271/yr Avg. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Learn how much management consultants make based on the firm and their experience level. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. Bonuses are typically based on individual performance at McKinsey, BCG, and Bain unless the consultant has only been at the firm for less than a year, in which case a standard amount if given to everyone at this level. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Forbidden characters: \. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Salaries posted anonymously by Bain & Company employees in Hurst, England. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Join 90,000+ on the #1 consulting prep channel! That aims to maximize the chance of entering stage 2. Learn about the award and see why employees love working at Bain. Salary also varies by location, and there can be stark differences from one country to the next. In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. 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! Employees maintain this role for 6-24 months before rising to the level of Consultant. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. 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. Specialist, Consulting Programs. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Yet, top performers can rise to $220,000 at the high end. These employees earn an average base salary of $165,000 a year to start. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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 & 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. 28 emails packed with tips. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Was this answer helpful? PwC UK pays Consultants a nice 85,000/year. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Jonathan Paul, Associate Consultant #atBain Competition for talent is high, and it has driven salaries up. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. At Bain, we champion the bold to achieve the extraordinary. 20227 Monate. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. After two years as a Consultant, employees who remain with the company and perform well are promoted to Case Team Leader for another two years. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Contact:sbutcher@efinancialcareers.comin the first instance. Find thousands of job opportunities by signing up to eFinancialCareers today. And the Brain brand is very strong. 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. But theres no single answer to the question of what a Bain salary is, of course. McKinsey also offers to pay 50% of MBA tuition for returning interns. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Salaries posted anonymously by Bain & Company employees in Reading, OH. 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. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. 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. The firm advises. Youll build a powerful network in the process. Also, certain employees will earn a different actual base for a variety of reasons. I was going to help people solve problems. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. ramona car accident sunday; mountain meadows subdivision Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . For new MBA graduates basic salaries are between 80,000 and 90,000. At this level, youre expected to leverage your professional network to bring in clients. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Masters-level graduates get offered around $112,000 in base salary at Bain. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. Some firms offer this as part of their standard package, while others dont. There is some polarity when it comes to work-life balance. 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. 3 salaries for 3 jobs at Bain & Company in Reading, OH. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Plus sample case and fit interview videos. Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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 estimated additional pay is $85,928 per year. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. 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". Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Have a confidential story, tip, or comment youd like to share? Average salary for Bain & Company It Consultant in Crawley: 27,037. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. bain consultant salary ukrestoration companies near paris. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. 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. There is some flexibility to this schedule in comparison with some other top consulting firms. 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. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Bain salary progression is quite steep relative to the corporate world. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 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. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. What is the S.T.A.R. The exact size of this payment is driven by the role and distance of the relocation. Senior Associate Consultant $137K. Salary negotiation is highly unlikely at these levels. 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. 0 But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Contribute Manager If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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! U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Let us know if you spot any inconsistencies in our data. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Related Searches:All Consultant Salaries|All Bain & Company Salaries. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. 2022 MConsultingPrep | Intellectual Property protected by DMCA. ), 2023 eFinancialCareers - All rights reserved. Signing bonuses across all three firms remain at $30,000. 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) Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. 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. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Averages based on self-reported salaries. 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. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000.
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