Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Masters-level graduates get offered around $112,000 in base salary at Bain. 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. FlashFash). Bain & Company Salaries How much do Bain & Company employees make? The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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. McKinsey and BCG pay 90,000 and 93,000 respectively. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. 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 community relies on everyone sharing. 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. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. 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! Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. They will usually remain at that level for up to two years. Learn about the award and see why employees love working at Bain. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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. OneDay @BCG Learn more 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. What is the S.T.A.R. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Get a free, personalized salary estimate based on today's job market. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 8 full cases with solutions (incl. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. At this level, youre expected to leverage your professional network to bring in clients. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. However, if you have a good rationale for requesting a sign-on bonus you should ask. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Specialist, Consulting Programs. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. New hires can expect relocation support payments between USD 2k and 10k. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The community relies on everyone sharing. The estimated additional pay is $85,928 per year. 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. The most effective case book has arrived! We even created Excel templates and PowerPoint presentations. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. The significant difference also holds true for new hires with an MBA or PhD. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. The article did not discuss the specific tiles that each of the three firms uses. Know Your Worth. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. We even created Excel templates and PowerPoint presentations. bain consultant salary uk. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Apply today for the Associate Consultant Athens 2023 with Bain & Company. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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,. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Have a confidential story, tip, or comment youd like to share? Bain only hires motivated, intelligent, creative, and highly competent people. PwC UK pays Consultants a nice 85,000/year. 20227 Monate. Being a shareholder in the partnership obviously comes with benefits on their own. 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. 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. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Learn how much management consultants make based on the firm and their experience level. ), 2023 eFinancialCareers - All rights reserved. Adjustment?McKinsey & Company Bain & Company Boston Consulting Group, Rare to see folks who worked at both firms, but would appreciate comparison around opportunities (across practice areas), top end compensation and exits in McKinsey and Bain, India. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain's consultant salary in the UK is the highest out of the three at 97,000. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Invalid empty value or special character. McKinsey also offers to pay 50% of MBA tuition for returning interns. 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. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Zurich, Switzerland . Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Read Jonathan Paul's full story! 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. 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. 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. . This article is updated annually. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. 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. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. Salary also varies by location, and there can be stark differences from one country to the next. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. What does it take to be a Bain management consultant? Jonathan Paul, Associate Consultant #atBain Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. My path to Bain has been interesting. At McKinsey, the figure remains at $45,000. Each firm has a set base salary at a given entry point and decides the entry point based on the candidates experience and interview performance. Bain Associate Consultant 52,271/yr Avg. Bain salary progression is quite steep relative to the corporate world. Learn how much management consultants make based on the firm and their experience level. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Contribute Manager 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Access all the online resources you need for success in your case and fit interviews. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 28 emails packed with tips. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Forbidden characters: \. Posted 02 Mar 2023. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Private Equity / VC Jobs verfgbar bei eFinancialCareers. This is comparatively high compared to graduate salaries in most other fields. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. The consulting industry has been booming in recent years, and going hard after top talent. 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). For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Eventually it will unless its offensive or libelous (in which case it wont.). To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Competition for talent is high, and it has driven salaries up. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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. 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. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. There is also some variance over the size of relocation packages, with Bain being the most generous. Yet, top performers can rise to $220,000 at the high end. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. All of those can add up to a nice sum, making competition for these roles extremely competitive. How much do consultants at McKinsey, BCG, and Bain make (in USD)? A Bain consultant salary is one of the most competitive in the management consulting industry. Contact:sbutcher@efinancialcareers.comin the first instance. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Average salaries for Bain and Company Consultant: [salary]. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. 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. Hence, the maximum bonusis given only tothe few % of consultants with a perfect rating, whereas the majority receives around 40 to 60% of the maximum amount. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. In terms of living costs and compared to the average salaries, countries like Germany come out on top. 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)! Only 1% of candidates receive consulting offers from Bain & Company. Anonymously share your salary to help the community, Averages based on self-reported salaries. If you are overcoming hardships, we wanna help!
bain consultant salary uk