If you are overcoming hardships, we wanna help! Salary 28.00ph - 38.00ph +holiday pay . 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. 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)! Lets take a look at how the Bain consultant salary varies by role. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk The consulting industry has been booming in recent years, and going hard after top talent. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Managers at Bain design and oversee projects for clients. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. How Much Does Bain & Company Pay in 2023? (6,389 Salaries) Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Masters-level graduates get offered around $112,000 in base salary at Bain. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 20227 Monate. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. The Bain salary in other countries varies for obvious reasons. Read Jonathan Paul's full story! Related Searches:All Consultant Salaries|All Bain & Company Salaries. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. The community relies on everyone sharing. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Salary Expectations at Top Consulting Firm from Graduate to Partner 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. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. I was going to help people solve problems. Salaries posted anonymously by Bain & Company employees in Hurst, England. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Consultant $202K. 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). The exact size of this payment is driven by the role and distance of the relocation. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 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. Download our full salary and bonus survey here. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Apply today for the Associate Consultant Athens 2023 with Bain & Company. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. If youre considering a career in management consulting, especially at a top firm like Bain and Company, youve probably been attracted to the competitive salaries offered in this field. Their salaries typically start at 55,000 and can be as high as 65,000. At McKinsey, the figure remains at $45,000. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Find thousands of job opportunities by signing up to eFinancialCareers today. Find Events - Recruits Portal - Bain & Company Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. We even created Excel templates and PowerPoint presentations. 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. In 2021, all three BBM firms were only paying $90k salaries. The figures are drawn from Management Consulted. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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. Was this answer helpful? 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. 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. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Though the full bonus isnt guaranteed. 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. But an increasing number of boutique firms are appearing on the stage with traditional players. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 38 Bain And Company Jobs in India - LinkedIn Eventually it will unless its offensive or libelous (in which case it wont.). For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Associate Consultant Bain & Company Dec 2022 - Present4 months Article Trainee KNAV Sep 2019 - Sep 20223 years 1 month Mumbai Education The Institute of Chartered Accountants of India - 2018 -. 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. Salaries posted anonymously by Bain & Company employees in Reading, OH. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. 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. Thats not to mention all the add-ons. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Across 64 cities in 39 countries, we work alongside our clients as one team with a. OneDay @BCG Learn more 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. 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. Learn how much management consultants make based on the firm and their experience level. 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)! Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Bain Consultant Salary | The Consulting Industry & Prep Experts Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. 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. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Bain & Company Salaries in London, United Kingdom | Glassdoor There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Average salaries for Bain and Company Consultant: [salary]. At Bain, we champion the bold to achieve the extraordinary. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. 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. Deloitte Consulting in the UK pays its consultants 91,000. Bain & Company It Consultant Salaries in Crawley | Glassdoor 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. The median compensation package totals $185K. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. bain consultant salary uk. 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. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Sabine Neuhaus - Consultant - Bain & Company | LinkedIn The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. 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. All of those can add up to a nice sum, making competition for these roles extremely competitive. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Any update on the Mck comp. 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 & Company on LinkedIn: Jonathan Paul, Associate Consultant. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. 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. Anonymously share your salary to help the community, Averages based on self-reported salaries. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. These numbers are just starting salaries. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Bain & Company Salaries How much do Bain & Company employees make? 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Senior Associate Consultant $137K. 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 & 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. On top of that, employees are eligible for up to $41,250 in performance bonuses. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Yet, top performers can rise to $220,000 at the high end. Strategy consulting firms spent a lot on pay. Average Bain & Company Inc. Salary in United Kingdom | PayScale The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. 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). Here's how much you'll make at McKinsey, Bain and - eFinancialCareers The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Until this year, however, pay at the big consulting firmshad been climbing. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Read more about Consulting Salaries For MBA & Masters Graduates. There is also some variance over the size of relocation packages, with Bain being the most generous. Required fields are marked *. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. Apply Today. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. 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. McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball 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. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Average salary for Bain & Company Consultant I in Crete: US$192,000. You can expect the salary progression of the top 3 firms to look similar to the chart below. 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. The estimated base pay is $159,610 per year. We offer exciting career opportunities in a broad array of fields. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Generally, the bonus is normally distributed. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Manager $268K. 0 After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. ), and one-time work-from-home bonuses have become more common. Bain & Company Bain Associate Consultant Salaries in West Drayton Bain & Company Consulting Practice Manager Salaries in Maldon, England 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. But theres no single answer to the question of what a Bain salary is, of course. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. At this level, youre expected to leverage your professional network to bring in clients. 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;. The salary information is posted above, where we note an average base salary of $90,000. Bain and Company Consultant Salaries | Glassdoor .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Bain & Company - Associate Consultant Athens 2023 We even created Excel templates and PowerPoint presentations. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. Ben Caine - Consultant - Bain & Company | LinkedIn Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Meet Shah - Associate Consultant - Bain & Company | LinkedIn 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Entdecken Personen E-Learning . 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Invalid empty value or special character. Some receive only 10% of the potential payout. Read Jonathan Paul's full story! Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. bain consultant salary uk 2021 . That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Help make it more accurate by adding yours. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA.
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