Salary also varies by location, and there can be stark differences from one country to the next. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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 -. 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. Are you an impact player? As well as Bain consultant salary benefits, careers at Bain come with many perks. Lets compare the entry level salaries between both countries. How much do Bain & Company employees make? Overall, our data shows that there isnt much difference in compensation between firms. Its also possible to get a relocation bonus of $8,000 if youre coming from under 400 miles away and $16,000 if youre coming from more than 400 miles away. McKinsey does pay less than other firms at the lowest entry-level, but beyond that, the differences with other firms are not large enough to be meaningful. Strategy consulting firms spent a lot on pay. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Bain & Company Salaries How much do Bain & Company employees make? Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Bain looks for practical, leadership experience. Industry Sector . 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. Most of them cite a similar array of pros, which include a supportive, collaborative, and friendly environment among colleagues, an endless stream of opportunities for career development, the excellent Bain consultant salary, and a constantly stimulating & educational environment. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Contact:sbutcher@efinancialcareers.comin the first instance. 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 compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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 just increased paternal leaves (all genders) to 21 weeks. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Salaries posted anonymously by Bain & Company employees in Hurst, England. Audience: All students Location: Statler 185 Learn More Mar 06 Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Management Consultant. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. But compensation is competitive from the beginning. These aren't remotely accurate and aren't even the correct job titles. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain Manager Salary Managers at Bain design and oversee projects for clients. However, top partners can make $1M+ or more comp at this level is variable, with the biggest factor being the amount of work you sell. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. 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. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. 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! Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 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. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. If there is any room for negotiation it will be with the sign-on bonus. f you want to work for thetop three consulting firmsthen theres not much in it. 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. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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 offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Invalid empty value or special character. Salary discussions are very important for most applicants at McKinsey, the Boston Consulting Group (BCG), and Bain after having invested significant amounts of money and time into their prestigious education. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. 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,. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Looking for the best preparation to ace your case interviews? McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. But an increasing number of boutique firms are appearing on the stage with traditional players. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. The community relies on everyone sharing. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. What is the S.T.A.R. 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. Competition for talent is high, and it has driven salaries up. 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 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. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. 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. What is the S.T.A.R. The consulting industry has been booming in recent years, and going hard after top talent. Yet, top performers can rise to $220,000 at the high end. What does it take to be a Bain management consultant? In this article, we want to give you an insight into how much money you can expect and how your salary will progress as you move up the ranks at the different strategy consulting firms. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. At the time, I wondered why other companies hadnt thought of this genius business strategy. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. New hires can expect relocation support payments between USD 2k and 10k. Learn about the award and see why employees love working at Bain. 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. 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. 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. Join 90,000+ on the #1 consulting prep channel! Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. 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 consultant salary uk 2021 . Access all the online resources you need for success in your case and fit interviews. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. "Andrea Orcel is an excellent banker but his pay rise is extreme". The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. Senior Associate Consultant $137K. Learn more Apply Now Bain Associate Consultant 52,271/yr Avg. 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. Read Jonathan Paul's full story! However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. PwC UK pays Consultants a nice 85,000/year. Learn how this feature works. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Eventually it will unless its offensive or libelous (in which case it wont.). Thats not to mention all the add-ons. While MBB firms froze salaries, they offered other perks, and there are some differences here. Can you make it happen? 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 Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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. Download resume templates and watch in-depth, step-by-step resume advice videos. bain consultant salary uk. My path to Bain has been interesting. Contribute Manager The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Generally, the bonus is normally distributed. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. That aims to maximize the chance of entering stage 2. Being a shareholder in the partnership obviously comes with benefits on their own. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Forbidden characters: \. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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. The community relies on everyone sharing. Our model gets smarter over time as more people share salaries on Glassdoor. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. 1996-2023 Bain & Company, Inc. This is comparatively high compared to graduate salaries in most other fields. 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Find thousands of job opportunities by signing up to eFinancialCareers today. Managers at Bain design and oversee projects for clients. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" OneDay @BCG Learn more Only 1% of candidates receive consulting offers from Bain & Company. 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 Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Your input helps Glassdoor refine our pay estimates over time. 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. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. 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. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Posted 02 Mar 2023. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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 this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. 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;. Anonymously share your salary to help the community, Averages based on self-reported salaries. Apply today for the Associate Consultant Athens 2023 with Bain & Company. On top of that, employees are eligible for up to $41,250 in performance bonuses. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. The salary growth itself is steep as you get promoted. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Holy crap. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Master's-level graduates get offered around $112,000 in base salary at Bain. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Entdecken Personen E-Learning . Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running. The article did not discuss the specific tiles that each of the three firms uses. Deloitte Consulting in the UK pays its consultants 91,000. The estimated additional pay is $85,928 per year. Find Jobs ETR: Careers. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. And the Brain brand is very strong. The salary figures in this article are for those joining management consulting positions in 2023. As for support stuff (e.g., junior analyst McKinsey salary, junior research analyst McKinsey salary, research analyst McKinsey salary) the salary is usually adjusted downward from the consultant role, which is in line with the lower work and travel demands for non-consulting roles. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Jonathan Paul, Associate Consultant #atBain In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. out of network benefits, fertility benefits, best - culture is that people take their vacation. Bain wants to know what impact youve made in your role, rather than what youre responsible for. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart?
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