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Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). In terms of living costs and compared to the average salaries, countries like Germany come out on top. Average salary for Bain & Company It Consultant in Crawley: 27,037. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 1996-2023 Bain & Company, Inc. 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. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Read more about Consulting Salaries For MBA & Masters Graduates. 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. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Youll build a powerful network in the process. These employees in the US earned an average base salary of $165,000 a year. 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. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 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. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. A comprehensive guide to Bain & Company Salary in 2020! Additional pay could include bonus, stock, commission, profit sharing or tips. Eventually it will unless its offensive or libelous (in which case it wont. There is some flexibility to this schedule in comparison with some other top consulting firms. Learn about the award and see why employees love working at Bain. Know Your Worth. 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. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. McKinsey also offers to pay 50% of MBA tuition for returning interns. If you are overcoming hardships, we wanna help! It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. While MBB firms froze salaries, they offered other perks, and there are some differences here. Competition for talent is high, and it has driven salaries up. 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. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Read Jonathan Paul's full story! 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. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Are you an impact player? 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. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 8 full cases with solutions (incl. Florian spent 5 years with McKinsey as a senior consultant. 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. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The salary trajectory of a Consultant ranges between locations and employers. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Bain Associate Consultant Salary in 8 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). Access all the online resources you need for success in your case and fit interviews. This is comparatively high compared to graduate salaries in most other fields. Private Equity / VC Jobs verfgbar bei eFinancialCareers. New hires can expect relocation support payments between USD 2k and 10k. Have a confidential story, tip, or comment youd like to share? 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Have a confidential story, tip, or comment youd like to share? Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. 2021-Apr. Overall, our data shows that there isnt much difference in compensation between firms. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. 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. 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. Healthcare M&A Associate - Leading Elite Boutique IB, Analyst/Associate, Infrastructure M&A and Debt Advisory, "Andrea Orcel is an excellent banker but his pay rise is extreme". Entdecken Personen E-Learning . MBA hires at Bain get PTO vacation of 25 days per year. Learn how this feature works. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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 | 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 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. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The estimated additional pay is $85,928 per year. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. Averages based on self-reported salaries. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 73% of these revenues were spent on pay. Plus sample case and fit interview videos. 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 -. Help make it more accurate by adding yours. There is also some variance over the size of relocation packages, with Bain being the most generous. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. These aren't remotely accurate and aren't even the correct job titles. Download resume templates and watch in-depth, step-by-step resume advice videos. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. 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)! The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Though the full bonus isnt guaranteed. For new MBA graduates basic salaries are between 80,000 and 90,000. Bain Manager Salary Managers at Bain design and oversee projects for clients. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Masters-level graduates get offered around $112,000 in base salary at Bain. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Learn how much management consultants make based on the firm and their experience level. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. . We can help you get your desired MBB consulting offer. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Bain recruits MBA and masters level consultants from top US business schools including Harvard, Wharton, and Stanford as well as schools outside the US like INSEAD, HEC Paris, and London Business School. The salary figures in this article are for those joining management consulting positions in 2023. 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. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. 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 According to the exchange rate at the time of writing, this equated to a base Bain and Company consultant salary of $58,000, with up to $14,500 in performance bonuses. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. Contribute Manager Yet, top performers can rise to $220,000 at the high end. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Bain & Company Salaries trends. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Looking for the best preparation to ace your case interviews? 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. Key factors include education/certification, work experience & seniority, and each employees personal profile. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Being a shareholder in the partnership obviously comes with benefits on their own. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Your input helps Glassdoor refine our pay estimates over time. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Invalid empty value or special character. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Audience: All students Location: Statler 185 Learn More Mar 06 The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Find Jobs ETR: Careers. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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. . 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. 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. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. bain consultant salary uk. ramona car accident sunday; mountain meadows subdivision 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Download our full salary and bonus survey here. My path to Bain has been interesting. Contact: [email protected], Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. 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;. 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. Total Pay Range Consultant 167 Salaries submitted 112,914 95,729 | 22,406 96K - 125K Associate Consultant 144 Salaries submitted 58,000 52,668 | 7,778 54K 64K Senior Associate Consultant 57 Salaries submitted 76,736 65,469 | 12,000 70K 81K Add your salary. bain consultant salary ukrestoration companies near paris. These employees earn an average base salary of $165,000 a year to start. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Specialist, Consulting Programs. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. technique - and why do banks like it? 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. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Bain salary progression is quite steep relative to the corporate world. We offer exciting career opportunities in a broad array of fields. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. 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. 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. The firm advises. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Master's-level graduates get offered around $112,000 in base salary at Bain. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Managers at Bain design and oversee projects for clients. Jonathan Paul, Associate Consultant #atBain Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. ), and one-time work-from-home bonuses have become more common. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. Your email address will not be published. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community.