Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Averages based on self-reported salaries. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. 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. McKinsey also offers to pay 50% of MBA tuition for returning interns. And the Brain brand is very strong. As well as Bain consultant salary benefits, careers at Bain come with many perks. Associate Consultant $118K. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Zurich, Switzerland . 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 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. Until this year, however, pay at the big consulting firmshad been climbing. 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Learn how much management consultants make based on the firm and their experience level. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 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. In this article, lets find out and compare Bain salaries across different positions in 12 countries. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst The community relies on everyone sharing. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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. What is the S.T.A.R. 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. The figures are drawn from Management Consulted. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. It's a very interesting job which gives strong basics to problem solving and data analysis, but this often comes with big cons, such as continuous travel and a not-ideal work-life balance. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. But compensation is competitive from the beginning. The firm advises. 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. The consulting industry has been booming in recent years, and going hard after top talent. Based on the applicants tenure and experience, the top 3 consulting firms in the US pay signing bonuses in the range between USD 5k (for business analysts) and 30k (for senior associates and project leaders). Read Jonathan Paul's full story! Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Here, consulting firms pay a significant premium over industry roles available to recent graduates, whereas UK consulting salaries are relatively low considering the high living cost of London. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Forbidden characters: \. 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. Get a free, personalized salary estimate based on today's job market. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. We even created Excel templates and PowerPoint presentations. Some receive only 10% of the potential payout. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? These employees earn an average base salary of $165,000 a year to start. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. 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. Manager $268K. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. The exact size of this payment is driven by the role and distance of the relocation. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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)! Looking for the best preparation to ace your case interviews? 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 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 7 Contract Data visualisation jobs in Sabines Green on CWJobs. And find the best graduate job opportunities on Bright Network. The Bain salary in other countries varies for obvious reasons. bain consultant salary ukrestoration companies near paris. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. 8 full cases with solutions (incl. ramona car accident sunday; mountain meadows subdivision This employer has claimed their Employer Profile and is engaged in the Glassdoor community. PwC UK pays Consultants a nice 85,000/year. Entdecken Personen E-Learning . McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Your email address will not be published. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. 3 salaries for 3 jobs at Bain & Company in Reading, OH. The average Bain Partner Salary is in the neighborhood of $322,000 per year! An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Master's-level graduates get offered around $112,000 in base salary at Bain. In 2021, all three BBM firms were only paying $90k salaries. The community relies on everyone sharing. 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. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. What is the S.T.A.R. That aims to maximize the chance of entering stage 2. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. He ranks as the most successful consulting case and fit interview coach, generating more than 420 offers with MBB, tier-2 firms, Big 4 consulting divisions, in-house consultancies, and boutique firms through direct coaching of his clients over the last 3 years. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 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. These aren't remotely accurate and aren't even the correct job titles. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. Yet, top performers can rise to $220,000 at the high end. 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. 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. 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 "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. 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. 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. 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. What does it take to be a Bain management consultant? This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. However, if you have a good rationale for requesting a sign-on bonus you should ask. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Read more about Consulting Salaries For MBA & Masters Graduates. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 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. Find Jobs ETR: Careers. Strategy consulting firms spent a lot on pay. The estimated additional pay is $85,928 per year. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Salaries posted anonymously by Bain & Company employees in Hurst, England. This is comparatively high compared to graduate salaries in most other fields. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. Deloitte Consulting in the UK pays its consultants 91,000. 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. 0 Jonathan Paul, Associate Consultant #atBain Your input helps Glassdoor refine our pay estimates over time. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. This article is updated annually. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Average salary for Bain & Company Consultant I in Crete: US$192,000. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. It is unlikely that a consultant would move from one top-3 firm to another because of a difference in compensation, especially not below Partner level. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Thats not to mention all the add-ons. Some firms offer this as part of their standard package, while others dont. This is a breakdown of management consulting salaries in 2022. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Youll build a powerful network in the process. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000.This incredibly high salary is one of the main attractions of Bain, as with any other top consulting firm. bain consultant salary uk 2021 . Only 1% of candidates receive consulting offers from Bain & Company. 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. OneDay @BCG Learn more Read Jonathan Paul's full story! 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. 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. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. Are you an impact player? Anonymously share your salary to help the community, Averages based on self-reported salaries. Required fields are marked *. Bain just increased paternal leaves (all genders) to 21 weeks. Jonathan Paul, Associate Consultant #atBain The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. technique - and why do banks like it? Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Well tell you how much you can expect as an entry-level employee. Apply today for the Associate Consultant Athens 2023 with Bain & Company. My path to Bain has been interesting. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Key factors include education/certification, work experience & seniority, and each employees personal profile. 1996-2023 Bain & Company, Inc. Let us know if you spot any inconsistencies in our data. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Competition for talent is high, and it has driven salaries up. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. There is some flexibility to this schedule in comparison with some other top consulting firms. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Salary 28.00ph - 38.00ph +holiday pay . Salary negotiation is highly unlikely at these levels. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. Its on the level of McKinsey or an Ivy League education. Salary also varies by location, and there can be stark differences from one country to the next. Masters-level graduates get offered around $112,000 in base salary at Bain. I was going to help people solve problems. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Can you make it happen? Eventually it will unless its offensive or libelous (in which case it wont. 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. McKinsey and BCG pay 90,000 and 93,000 respectively. The salary growth itself is steep as you get promoted. 2022 MConsultingPrep | Intellectual Property protected by DMCA. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Generally, the bonus is normally distributed. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Average salaries for Bain and Company Consultant: [salary]. 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. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. You will see that consulting salaries increase by ~30% year-on-year over ten years with a comparably faster increase in the first three years followed by a sharp increase between the role of Associate Partner and Partner. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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.
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