It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. The community relies on everyone sharing. There is some polarity when it comes to work-life balance. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Holy crap. I was going to help people solve problems. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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! Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. Bain looks for practical, leadership experience. FlashFash). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. As well as Bain consultant salary benefits, careers at Bain come with many perks. 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. Download our full salary and bonus survey here. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. We offer exciting career opportunities in a broad array of fields. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. The Bain salary in other countries varies for obvious reasons. Contact:sbutcher@efinancialcareers.comin the first instance. 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. Florian spent 5 years with McKinsey as a senior consultant. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. Overall, our data shows that there isnt much difference in compensation between firms. 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. 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. bain consultant salary ukrestoration companies near paris. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. 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. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. The community relies on everyone sharing. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 8 full cases with solutions (incl. Management Consultant. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. Looking for the best preparation to ace your case interviews? 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Boston Consulting Group (BCG) Total compensation: up to US$206,250 The firm advises. Have a confidential story, tip, or comment youd like to share? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 73% of these revenues were spent on pay. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. They will usually remain at that level for up to two years. Yet, top performers can rise to $220,000 at the high end. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus 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. 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. What is the S.T.A.R. 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. 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). The estimated additional pay is $85,928 per year. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Our model gets smarter over time as more people share salaries on Glassdoor. I was going to help people solve problems. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. 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). Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Have a confidential story, tip, or comment youd like to share? Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Lets compare the entry level salaries between both countries. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Related Searches:All Consultant Salaries|All Bain & Company Salaries. In this article, lets find out and compare Bain salaries across different positions in 12 countries. How much do Bain & Company employees make? 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. 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. OneDay @BCG Learn more Master's-level graduates get offered around $112,000 in base salary at Bain. Read Jonathan Paul's full story! 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. 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. Forbidden characters: \. Their salaries typically start at 55,000 and can be as high as 65,000. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. These employees in the US earned an average base salary of $165,000 a year. This article is updated annually. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. They are slightly higher for 2020. Deloitte Consulting in the UK pays its consultants 91,000. 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. Entdecken Personen E-Learning . But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Employees maintain this role for 6-24 months before rising to the level of Consultant. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? New hires can expect relocation support payments between USD 2k and 10k. Find thousands of job opportunities by signing up to eFinancialCareers today. McKinsey and BCG pay 90,000 and 93,000 respectively. 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. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. f you want to work for thetop three consulting firmsthen theres not much in it. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Help make it more accurate by adding yours. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. The exact size of this payment is driven by the role and distance of the relocation. Yet, top performers can rise to $220,000 at the high end. bain consultant salary uk 2021 . The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 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. 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 your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Key factors include education/certification, work experience & seniority, and each employees personal profile. Salary also varies by location, and there can be stark differences from one country to the next. The salary growth itself is steep as you get promoted. Bain's consultant salary in the UK is the highest out of the three at 97,000. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 2021-Apr. . In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Bain 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. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Your input helps Glassdoor refine our pay estimates over time. A comprehensive guide to Bain & Company Salary in 2020! MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Manager $268K. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. We even created Excel templates and PowerPoint presentations. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Jonathan Paul, Associate Consultant #atBain The community relies on everyone sharing. The salary trajectory of a Consultant ranges between locations and employers. The salary information is posted above, where we note an average base salary of $90,000. 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. But compensation is competitive from the beginning. 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)! Bain promotes top performers faster and rewards them better than at other firms. 3 salaries for 3 jobs at Bain & Company in Reading, OH. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. 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. 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,. Managers at Bain design and oversee projects for clients. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. 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;. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Average salary for Bain & Company It Consultant in Crawley: 27,037. Bain only hires motivated, intelligent, creative, and highly competent people. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Get a free, personalized salary estimate based on today's job market. 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. Bain Principals and Partners in the US can make up to $1,000,000 each year, with $400,000 from base salary, and $600,000 from bonuses. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Thats not to mention all the add-ons. Required fields are marked *. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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.
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