Their salaries typically start at 55,000 and can be as high as 65,000. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Its on the level of McKinsey or an Ivy League education. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. out of network benefits, fertility benefits, best - culture is that people take their vacation. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 715 salaries for 117 jobs at Bain & Company in Hurst, England. The consulting industry has been booming in recent years, and going hard after top talent. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. We even created Excel templates and PowerPoint presentations. 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 data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. There is some flexibility to this schedule in comparison with some other top consulting firms. 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. 1996-2023 Bain & Company, Inc. Eventually it will unless its offensive or libelous (in which case it wont.). Your email address will not be published. We even created Excel templates and PowerPoint presentations. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Forbidden characters: \. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. 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. 73% of these revenues were spent on pay. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . The estimated additional pay is $85,928 per year. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. They are slightly higher for 2020. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. 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. 73% of these revenues were spent on pay. The figures are drawn from Management Consulted. Well tell you how much you can expect as an entry-level employee. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Apply today for the Associate Consultant Athens 2023 with Bain & Company. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The average Bain & Company salary ranges from approximately 38,105 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Get started with your Free Employer Profile, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Consultant $202K. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Yet, top performers can rise to $220,000 at the high end. Bain promotes top performers faster and rewards them better than at other firms. Bain & Company Bain & Company/Facebook Potential total compensation: up to $216,250 Signing bonus: $30,000 (UK, 15,000, Switzerland: CHF 35,000) Relocation: $8,000 for under 400 miles;. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. But an increasing number of boutique firms are appearing on the stage with traditional players. Audience: All students Location: Statler 185 Learn More Mar 06 "Andrea Orcel is an excellent banker but his pay rise is extreme". 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,. McKinsey and BCG pay 90,000 and 93,000 respectively. 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. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. 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. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Learn how much management consultants make based on the firm and their experience level. 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. Bain wants to know what impact youve made in your role, rather than what youre responsible for. . McKinsey also offers to pay 50% of MBA tuition for returning interns. They will usually remain at that level for up to two years. For new MBA graduates basic salaries are between 80,000 and 90,000. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Average salaries for Bain and Company Consultant: [salary]. 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. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the Bain associate salary level. 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. 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 Bain, we champion the bold to achieve the extraordinary. Bain salary progression is quite steep relative to the corporate world. The salary figures in this article are for those joining management consulting positions in 2023. On top of that, employees are eligible for up to $41,250 in performance bonuses. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. This article is updated annually. The firm advises. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. The community relies on everyone sharing. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . 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. 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! Generally, the bonus is normally distributed. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Bain & Company Salaries How much do Bain & Company employees make? bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Can you make it happen? 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. My path to Bain has been interesting. The median compensation package totals $185K. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. 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. 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. OneDay @BCG Learn more 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)! A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Was this answer helpful? Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Learn how much management consultants make based on the firm and their experience level. A comprehensive guide to Bain & Company Salary in 2020! Bain only hires motivated, intelligent, creative, and highly competent people. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). 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)! Each promotion to a higher level will also coincide with a salary leap. Read more about Consulting Salaries For MBA & Masters Graduates. Averages based on self-reported salaries. 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. 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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 0 These employees earn an average base salary of $165,000 a year to start. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? At the time, I wondered why other companies hadnt thought of this genius business strategy. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Bain looks for practical, leadership experience. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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. technique - and why do banks like it? Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. The community relies on everyone sharing. Only 1% of candidates receive consulting offers from Bain & Company. Invalid empty value or special character. 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. 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. What is the S.T.A.R. Required fields are marked *. 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. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, Base: $165,000 (UK: 86,000, Canada: CA$160,000, India: 3,500,000, Germany: 103,000), Performance Bonus: up to $41,250 (UK: up to 20,000, India: 770,000, Germany: 25,000), Profit Sharing: up to $20,000 (UK: 6,000, Canada: CA$20,000), Retirement: 401k contribution up to $8,000 (UK: 10,000), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. But compensation is competitive from the beginning. 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. 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 | Learn about the award and see why employees love working at Bain. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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. 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. Overall, our data shows that there isnt much difference in compensation between firms. Lets compare the entry level salaries between both countries. But theres no single answer to the question of what a Bain salary is, of course. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Employees maintain this role for 6-24 months before rising to the level of Consultant. Get a free, personalized salary estimate based on today's job market. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. My path to Bain has been interesting. 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. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. bain consultant salary ukrestoration companies near paris. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. 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. Let us know if you spot any inconsistencies in our data. 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. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. ), and one-time work-from-home bonuses have become more common. Jonathan Paul, Associate Consultant #atBain Salary also varies by location, and there can be stark differences from one country to the next. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Jonathan Paul, Associate Consultant #atBain And find the best graduate job opportunities on Bright Network. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. The estimated additional pay is $85,928 per year. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. The Bain salary in other countries varies for obvious reasons. Bain & Company Salaries trends. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain Manager Salary Managers at Bain design and oversee projects for clients. Average salary for Bain & Company Consultant I in Crete: US$192,000. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). The article did not discuss the specific tiles that each of the three firms uses. 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. Being a shareholder in the partnership obviously comes with benefits on their own. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Also, certain employees will earn a different actual base for a variety of reasons. I was going to help people solve problems. Bain & Company 3 years 8 months Consultant Mar 2023 - Present1 month Denver, Colorado, United States Senior Associate Consultant Jun 2022 - Mar 202310 months Denver, Colorado, United States -. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. Learn how this feature works. We can help you get your desired MBB consulting offer. Related Searches:All Consultant Salaries|All Bain & Company Salaries. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Office: Washington, D.C. Access all the online resources you need for success in your case and fit interviews. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 3 salaries for 3 jobs at Bain & Company in Reading, OH. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. bain consultant salary uk. MBA hires at Bain get PTO vacation of 25 days per year. Have a confidential story, tip, or comment youd like to share? 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 The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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. What is the S.T.A.R. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Thats not to mention all the add-ons. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. While MBB firms froze salaries, they offered other perks, and there are some differences here. Some firms offer this as part of their standard package, while others dont. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Plus sample case and fit interview videos. Additional pay could include bonus, stock, commission, profit sharing or tips. 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.
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