For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Have a confidential story, tip, or comment youd like to share? bain consultant salary uk 2021 . Lets compare the entry level salaries between both countries. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . These numbers are just starting salaries. 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. A Bain consultant salary is one of the most competitive in the management consulting industry. 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. Read Jonathan Paul's full story! At this level, youre expected to leverage your professional network to bring in clients. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Plus sample case and fit interview videos. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. 2021-Apr. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Were excited to share that weve ranked #1 on Glassdoors Best Places to Work UK list and #3 on Glassdoors Best Places to Work U.S. list! The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The most effective case book has arrived! Bain wants to know what impact youve made in your role, rather than what youre responsible for. At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Lets take a look at how the Bain consultant salary varies by role. ramona car accident sunday; mountain meadows subdivision Average salaries for Bain and Company Consultant: [salary]. 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. 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 & Company employees rate the overall compensation and benefits package 4.4/5 stars. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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. The salary growth itself is steep as you get promoted. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. This article is updated annually. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. 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. The salary figures in this article are for those joining management consulting positions in 2023. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. The community relies on everyone sharing. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. 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. The estimated additional pay is $85,928 per year. Signing bonuses across all three firms remain at $30,000. ), and one-time work-from-home bonuses have become more common. 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. . Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Contact:[email protected] the first instance. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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. 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. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. These aren't remotely accurate and aren't even the correct job titles. Extraordinary Outcomes. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Jonathan Paul, Associate Consultant #atBain Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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. My path to Bain has been interesting. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Consulting salary grows at 5 percent annually on average. Manager $268K. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Posted 02 Mar 2023. Bain looks for practical, leadership experience. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. These employees in the US earned an average base salary of $165,000 a year. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 28 emails packed with tips. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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". The Bain salary in other countries varies for obvious reasons. Well tell you how much you can expect as an entry-level employee. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. The salary information is posted above, where we note an average base salary of $90,000. Bain only hires motivated, intelligent, creative, and highly competent people. Any update on the Mck comp. These employees earn an average base salary of $165,000 a year to start. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. New hires can expect relocation support payments between USD 2k and 10k. 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. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Eventually it will unless its offensive or libelous (in which case it wont. 715 salaries for 117 jobs at Bain & Company in Hurst, England. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Boston Consulting Group (BCG) Total compensation: up to US$206,250 That aims to maximize the chance of entering stage 2. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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. Learn more Apply Now 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. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. 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)! Accounts recently filed by Bain & Co. Inc.for the year ending December 2020 show that Bain's UK entity earned243m($327m) in revenues last year, up from 198m in 2019. Associate Consultant $118K. Join 90,000+ on the #1 consulting prep channel! The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus We can help you get your desired MBB consulting offer. Get a free, personalized salary estimate based on today's job market. What does it take to be a Bain management consultant? 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 Find Jobs ETR: Careers. 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. Bain Consultant salary (MBA/Experienced-level) 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) Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. There is some flexibility to this schedule in comparison with some other top consulting firms. 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. 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. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. 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. Deloitte Consulting in the UK pays its consultants 91,000. Learn how much management consultants make based on the firm and their experience level. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. McKinsey and BCG pay 90,000 and 93,000 respectively. Additional pay could include bonus, stock, commission, profit sharing or tips. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Holy crap. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. 73% of these revenues were spent on pay. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. To improve your skills in all areas of the interview, check out our targeted offers below. 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. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Yet, top performers can rise to $220,000 at the high end. 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. 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. 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,. This is comparatively high compared to graduate salaries in most other fields. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. While MBB firms froze salaries, they offered other perks, and there are some differences here. 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. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. We even created Excel templates and PowerPoint presentations. If there is any room for negotiation it will be with the sign-on bonus. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Contribute Manager 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. 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. I was going to help people solve problems. How much do Bain & Company employees make? Eventually it will unless its offensive or libelous (in which case it wont.). The community relies on everyone sharing. 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. Bain's consultant salary in the UK is the highest out of the three at 97,000. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. 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. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. For new MBA graduates basic salaries are between 80,000 and 90,000. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. What is the S.T.A.R. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Some firms offer this as part of their standard package, while others dont. 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. 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)! 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. This is a breakdown of management consulting salaries in 2022. 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. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? On top of that, employees are eligible for up to $41,250 in performance bonuses. 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. Also, certain employees will earn a different actual base for a variety of reasons. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Invalid empty value or special character. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. And the Brain brand is very strong. Jonathan Paul, Associate Consultant #atBain out of network benefits, fertility benefits, best - culture is that people take their vacation. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 8 full cases with solutions (incl. 73% of these revenues were spent on pay. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Learn how this feature works. 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. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Download our full salary and bonus survey here. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. And find the best graduate job opportunities on Bright Network. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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 | 2021 local clinical excellence awards (LCEAs) The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at 3,092. My path to Bain has been interesting. Help make it more accurate by adding yours. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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. In this article, lets find out and compare Bain salaries across different positions in 12 countries. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Read more about Consulting Salaries For MBA & Masters Graduates. 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. Yet, top performers can rise to $220,000 at the high end. The article did not discuss the specific tiles that each of the three firms uses. McKinsey also offers to pay 50% of MBA tuition for returning interns.

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