Its one of the benefits of consulting but it is in line with other top-tier consulting firms. 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. Average salary for Bain & Company Consultant I in Crete: US$192,000. 73% of these revenues were spent on pay. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Bain and Company Consultant Salaries | Glassdoor Data Modeller and Strategy Consultant - cwjobs.co.uk 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 Consultant I Salaries in Crete | Glassdoor ramona car accident sunday; mountain meadows subdivision While MBB firms froze salaries, they offered other perks, and there are some differences here. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Thats not to mention all the add-ons. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. How much do consultants at McKinsey, BCG, and Bain make (in USD)? What does it take to be a Bain management consultant? Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. 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. Explore Roles | Bain & Company Learn how much management consultants make based on the firm and their experience level. Get a free, personalized salary estimate based on today's job market. According to the exchange rate at the time of writing, this equated to a base Bain and Company consultant salary of $58,000, with up to $14,500 in performance bonuses. Are you an impact player? Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? My path to Bain has been interesting. ), and one-time work-from-home bonuses have become more common. Join 90,000+ on the #1 consulting prep channel! Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. The average Bain Partner Salary is in the neighborhood of $322,000 per year! EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Bain & Company Consultant I Salaries in Valpo, IN | Glassdoor 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. Managers at Bain design and oversee projects for clients. The community relies on everyone sharing. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Bain & Company Bain Associate Consultant Salaries in West Drayton How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. 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. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. We even created Excel templates and PowerPoint presentations. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 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. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. That aims to maximize the chance of entering stage 2. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. We even created Excel templates and PowerPoint presentations. 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. 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. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Salary 28.00ph - 38.00ph +holiday pay . But theres no single answer to the question of what a Bain salary is, of course. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Read Jonathan Paul's full story! McKinsey and BCG pay 90,000 and 93,000 respectively. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Learn how much management consultants make based on the firm and their experience level. Help make it more accurate by adding yours. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Bain & Company Salaries trends. 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 only hires motivated, intelligent, creative, and highly competent people. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Invalid empty value or special character. But an increasing number of boutique firms are appearing on the stage with traditional players. I was going to help people solve problems. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. 8 full cases with solutions (incl. Specialist, Consulting Programs. Eventually it will unless its offensive or libelous (in which case it wont.). 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 Management Consultant Salary | $126K-$288K+ | Levels.fyi Average salary for Bain & Company Management Consultant in Maldon: 96,081. Well tell you how much you can expect as an entry-level employee. Management Consultant Salary UK 2023| PrepLounge.com Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster and more. As well as Bain consultant salary benefits, careers at Bain come with many perks. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. How to Break into Consulting with a PhD or Advanced Degree Bain & Company 3 years 8 months Consultant Mar 2023 - Present1 month Denver, Colorado, United States Senior Associate Consultant Jun 2022 - Mar 202310 months Denver, Colorado, United States -. 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. Bain looks for practical, leadership experience. Office: Washington, D.C. Though the full bonus isnt guaranteed. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Bain & Company Salaries in Hurst, England | Glassdoor A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Bain & Co. consultants earn a lot less than bankers - eFinancialCareers Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 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). Some related job titles areEntry Level Consultant salaries with median pay of $50,394,Senior Consultant salaries with median pay of $123,519,Associate Consultant salaries with median pay of $89,060,Business Analyst salaries with median pay of $82,032. 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. Find Jobs ETR: Careers. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. 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 most effective case book has arrived! In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. 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. The salary trajectory of a Consultant ranges between locations and employers. Adjustment?McKinsey & Company Bain & Company Boston Consulting Group, Rare to see folks who worked at both firms, but would appreciate comparison around opportunities (across practice areas), top end compensation and exits in McKinsey and Bain, India. 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. What is the S.T.A.R. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Marleen F. - Associate Consultant - Bain & Company | LinkedIn The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. This is a breakdown of management consulting salaries in 2022. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Yet, top performers can rise to $220,000 at the high end. 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. Can you make it happen? Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 At McKinsey, the figure remains at $45,000. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Bain & Company Management Consultant Salaries in Maldon, England 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. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Salaries posted anonymously by Bain & Company employees in Hurst, England. Competition for talent is high, and it has driven salaries up. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. However, if you have a good rationale for requesting a sign-on bonus you should ask. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The average additional cash compensation for a Strategy Consultant in the London, United Kingdom is GBP 4,697, with a range from GBP 1,367 - GBP 16,140. Looking for the best preparation to ace your case interviews? Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. How much do Bain & Company employees make? 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. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK 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). Lets compare the entry level salaries between both countries. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! If you are thinking of applying to McKinsey, BCG or Bain, make sure to sign up to our newsletter and receive free interview prep material in your inbox. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from 40,000 and can be as high as 45,000. Masters-level graduates get offered around $112,000 in base salary at Bain. Bain Consultant Salary | What Could You Earn At Bain & Company? Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Any update on the Mck comp. 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. Bain & Company Salaries in Reading, OH | Glassdoor At Bain, we champion the bold to achieve the extraordinary. 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 Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. If you are overcoming hardships, we wanna help! 3 salaries for 3 jobs at Bain & Company in Reading, OH. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. 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. Sabine Neuhaus - Consultant - Bain & Company | LinkedIn Learn more Apply Now Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Bain Salaries | Levels.fyi The Bain salary in other countries varies for obvious reasons. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. bain consultant salary ukrestoration companies near paris. ), 2023 eFinancialCareers - All rights reserved. Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. Pay scales for consultants in England - British Medical Association Bain & Company Consulting Practice Manager Salaries in Maldon, England 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. 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. 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'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 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Learn about the award and see why employees love working at Bain. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. A Bain consultant salary is one of the most competitive in the management consulting industry.
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