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. Boston Consulting Group (BCG) Total compensation: up to US$206,250 We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The community relies on everyone sharing. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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! . The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. They will usually remain at that level for up to two years. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 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)! Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. At the time, I wondered why other companies hadnt thought of this genius business strategy. Looking for the best preparation to ace your case interviews? Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Your input helps Glassdoor refine our pay estimates over time. 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. Learn about the award and see why employees love working at Bain. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. The salaries and compensation structure at McKinsey, BCG, and Bain (MBB) or at Tier 2 consultancies, or Big 4 such as PWC careers are relatively rigid with very little room for negotiation. 73% of these revenues were spent on pay. 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. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. A comprehensive guide to Bain & Company Salary in 2020! Well tell you how much you can expect as an entry-level employee. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. These employees in the US earned an average base salary of $165,000 a year. 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. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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. FlashFash). Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Posted 02 Mar 2023. 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. 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. Each promotion to a higher level will also coincide with a salary leap. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! The community relies on everyone sharing. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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. 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. 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. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. 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. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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. 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. The community relies on everyone sharing. 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. Have a confidential story, tip, or comment youd like to share? These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). In this article, lets find out and compare Bain salaries across different positions in 12 countries. ramona car accident sunday; mountain meadows subdivision "Andrea Orcel is an excellent banker but his pay rise is extreme". BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. Across 64 cities in 39 countries, we work alongside our clients as one team with a. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Learn more Apply Now Youll build a powerful network in the process. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. 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. Some firms offer this as part of their standard package, while others dont. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. The cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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. Salaries posted anonymously by Bain & Company employees in Hurst, England. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. 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. 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. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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)! 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. Forbidden characters: \. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Master's-level graduates get offered around $112,000 in base salary at Bain. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Contact:sbutcher@efinancialcareers.comin the first instance. 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. Find Jobs ETR: Careers. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? The salary information is posted above, where we note an average base salary of $90,000. Why consulting? 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Learn how much management consultants make based on the firm and their experience level. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 28 emails packed with tips. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. 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. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. 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 most effective case book has arrived! Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Eventually it will unless its offensive or libelous (in which case it wont. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Baindidn't break out its U.K. headcount in its report, but the company employs 12,000 people globally, around 1,200of whom are listed on LinkedIn as working in the UK. Extraordinary Outcomes. 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. The article did not discuss the specific tiles that each of the three firms uses. 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. The 2021 salary report from industry coaching firmManagement Consulted shows that salaries at the top three firms McKinsey,Bainand Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Bain just increased paternal leaves (all genders) to 21 weeks. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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. Required fields are marked *. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. 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. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 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. 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. Eventually it will unless its offensive or libelous (in which case it wont.). After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Bain's consultant salary in the UK is the highest out of the three at 97,000. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Entdecken Personen E-Learning . The estimated additional pay is $85,928 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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). Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Let us know if you spot any inconsistencies in our data. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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. Was this answer helpful? Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. The median compensation package totals $185K. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Join 90,000+ on the #1 consulting prep channel! Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. 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. Deloitte Consulting in the UK pays its consultants 91,000. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. 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. 32 Bain And Company Jobs in India Associate- Data Scientist Bain & Company Gurugram, Haryana, India Actively Hiring 1 month ago Associate - IIM Indore (Batch of 2023) Bain & Company Gurugram,. Florian spent 5 years with McKinsey as a senior consultant. If there is any room for negotiation it will be with the sign-on bonus. bain consultant salary uk 2021 . MBA hires at Bain get PTO vacation of 25 days per year. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Salary also varies by location, and there can be stark differences from one country to the next. You can expect the salary progression of the top 3 firms to look similar to the chart below. Anonymously share your salary to help the community, Averages based on self-reported salaries. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Yet, top performers can rise to $220,000 at the high end. Apply Today. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Any update on the Mck comp. 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 has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. This is comparatively high compared to graduate salaries in most other fields. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. 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. Your email address will not be published. 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. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain & Company Salaries trends. 1996-2023 Bain & Company, Inc. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Lets take a look at how the Bain consultant salary varies by role. As well as Bain consultant salary benefits, careers at Bain come with many perks. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Are you an impact player? . Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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 -. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. The significant difference also holds true for new hires with an MBA or PhD. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. Download our full salary and bonus survey here. 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. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. We even created Excel templates and PowerPoint presentations. At the time, I wondered why other companies hadnt thought of this genius business strategy. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Being a shareholder in the partnership obviously comes with benefits on their own. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Consulting salary grows at 5 percent annually on average. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Senior Associate Consultant $137K. Until this year, however, pay at the big consulting firmshad been climbing. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. In 2021, all three BBM firms were only paying $90k salaries. PwC UK pays Consultants a nice 85,000/year. 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. Can you make it happen? The salary trajectory of a Consultant ranges between locations and employers. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. The consulting industry has been booming in recent years, and going hard after top talent. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics .