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. Management Consultant. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. 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. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. A Bain consultant salary is one of the most competitive in the management consulting industry. The community relies on everyone sharing. ), 2023 eFinancialCareers - All rights reserved. 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. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Can you make it happen? 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. 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. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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 Consulting salary grows at 5 percent annually on average. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Anonymously share your salary to help the community, Averages based on self-reported salaries. If this is accepted, do not expect more than a few percents of your base salary, but you should also be ready for your request to be declined. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. These employees earn an average base salary of $165,000 a year to start. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Eventually it will unless its offensive or libelous (in which case it wont. Top management consulting salaries for a specific firm are usually the same or only vary slightly within a given country, however, they differ greatly across countries and geographies. 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 salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. The 2021 salary report from industry coaching firmManagement Consulted shows that salaries at the top three firms McKinsey,Bainand Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Contact: sbutcher@efinancialcareers.com, Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. For new MBA graduates basic salaries are between 80,000 and 90,000. bain consultant salary uk 2021 . By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Learn more Apply Now Florian spent 5 years with McKinsey as a senior consultant. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. Lets take a look at how the Bain consultant salary varies by role. 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. Averages based on self-reported salaries. 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). This is comparatively high compared to graduate salaries in most other fields. 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. 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. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Deloitte Consulting in the UK pays its consultants 91,000. Only 1% of candidates receive consulting offers from Bain & Company. Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. 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. All of those can add up to a nice sum, making competition for these roles extremely competitive. Your email address will not be published. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. At McKinsey, the figure remains at $45,000. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. How much do Bain & Company employees make? We even created Excel templates and PowerPoint presentations. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 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. Senior Associate Consultant $137K. Bain only hires motivated, intelligent, creative, and highly competent people. The salary growth itself is steep as you get promoted. Entdecken Personen E-Learning . A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. This equates to $116,000 in base salary and $53,000 in performance bonuses. The median compensation package totals $185K. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Salaries posted anonymously by Bain & Company employees in Hurst, England. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. 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. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). 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. Salary also varies by location, and there can be stark differences from one country to the next. f you want to work for thetop three consulting firmsthen theres not much in it. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Consultant $202K. OneDay @BCG Learn more 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. Help make it more accurate by adding yours. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. Read more about Consulting Salaries For MBA & Masters Graduates. Some receive only 10% of the potential payout. Learn how much management consultants make based on the firm and their experience level. The salary information is posted above, where we note an average base salary of $90,000. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. I was going to help people solve problems. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? They are slightly higher for 2020. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. This article is updated annually. Download resume templates and watch in-depth, step-by-step resume advice videos. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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). 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. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Average salaries for Bain and Company Consultant: [salary]. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Any update on the Mck comp. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Jonathan Paul, Associate Consultant #atBain Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. 28 emails packed with tips. 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. Bain & Company Salaries trends. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 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. If there is any room for negotiation it will be with the sign-on bonus. Average salary for Bain & Company It Consultant in Crawley: 27,037. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! New hires can expect relocation support payments between USD 2k and 10k. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. McKinsey also offers to pay 50% of MBA tuition for returning interns. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Find thousands of job opportunities by signing up to eFinancialCareers today. 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)