In 2021, all three BBM firms were only paying $90k salaries. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 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. What is the S.T.A.R. 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. 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)! 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. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. My path to Bain has been interesting. "Andrea Orcel is an excellent banker but his pay rise is extreme". 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. The estimated additional pay is $85,928 per year. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 7 Contract Data visualisation jobs in Sabines Green on CWJobs. 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. Contribute Manager 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. To improve your skills in all areas of the interview, check out our targeted offers below. technique - and why do banks like it? Additional pay could include bonus, stock, commission, profit sharing or tips. Have a confidential story, tip, or comment youd like to share? Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. 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. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Your email address will not be published. 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. 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. And the Brain brand is very strong. 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. Management Consultant. 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 discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. 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 -. 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. 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. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Read more about Consulting Salaries For MBA & Masters Graduates. 8 full cases with solutions (incl. We offer exciting career opportunities in a broad array of fields. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Anonymously share your salary to help the community, Averages based on self-reported salaries. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Looking for the best preparation to ace your case interviews? 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. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. What does it take to be a Bain management consultant? 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. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. How much do consultants at McKinsey, BCG, and Bain make (in USD)? 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. However, if you have a good rationale for requesting a sign-on bonus you should ask. Generally, the bonus is normally distributed. Help make it more accurate by adding yours. Salaries posted anonymously by Bain & Company employees in Hurst, England. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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,. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Manager $268K. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Was this answer helpful? Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. 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. Download our full salary and bonus survey here. Also, certain employees will earn a different actual base for a variety of reasons. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The community relies on everyone sharing. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The firm advises. 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. 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. Specialist, Consulting Programs. There is some polarity when it comes to work-life balance. The figures are drawn from Management Consulted. MBA hires at Bain get PTO vacation of 25 days per year. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). You can expect the salary progression of the top 3 firms to look similar to the chart below. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Office: Washington, D.C. 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). Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 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. Bain wants to know what impact youve made in your role, rather than what youre responsible for. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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;. Employees maintain this role for 6-24 months before rising to the level of Consultant. The estimated base pay is $159,610 per year. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Download resume templates and watch in-depth, step-by-step resume advice videos. We even created Excel templates and PowerPoint presentations. Averages based on self-reported salaries. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. bain consultant salary ukrestoration companies near paris. Holy crap. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. New hires can expect relocation support payments between USD 2k and 10k. 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. The article did not discuss the specific tiles that each of the three firms uses. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. Average salary for Bain & Company It Consultant in Crawley: 27,037. They are very generous with top performers towards the top percentage of the cohort, so the average total compensation over a typical three year period may be higher for top performers at Bain versus other firms. Key factors include education/certification, work experience & seniority, and each employees personal profile. Basic salaries at top firms 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. Bain Consultant salary (MBA/Experienced-level) Base: $165,000 (UK: 86,000, Canada: CA$160,000, India: 3,500,000, Germany: 103,000) Performance Bonus: up to $41,250 (UK: up to 20,000, India: 770,000, Germany: 25,000) Profit Sharing: up to $20,000 (UK: 6,000, Canada: CA$20,000) Retirement: 401k contribution up to $8,000 (UK: 10,000) The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. 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. 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. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain & Company Salaries How much do Bain & Company employees make? Bain looks for practical, leadership experience. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Florian spent 5 years with McKinsey as a senior consultant. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Managers at Bain design and oversee projects for clients. Learn how this feature works. If there is any room for negotiation it will be with the sign-on bonus. A Bain consultant salary is one of the most competitive in the management consulting industry. Lets take a look at how the Bain consultant salary varies by role. 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. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. Eventually it will unless its offensive or libelous (in which case it wont. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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. 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. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. technique - and why do banks like it? Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. 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. The salaries and compensation structure at McKinsey, BCG, and Bain (MBB) or at Tier 2 consultancies, or Big 4 such as PWC careers are relatively rigid with very little room for negotiation. Well also take a look at the nature of the career path at Bain, as well as employee reviews. ), and one-time work-from-home bonuses have become more common. 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. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Access all the online resources you need for success in your case and fit interviews. 715 salaries for 117 jobs at Bain & Company in Hurst, England. How much do Bain & Company employees make? 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. Bain only hires motivated, intelligent, creative, and highly competent people. The average salary for a Consultant is $70,432 per year in United States, which is 71% lower than the average Bain & Company salary of $245,538 per year for this job. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Read Jonathan Paul's full story! Can you make it happen? Bain & Company Salaries trends. Overall, our data shows that there isnt much difference in compensation between firms. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. 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 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). 73% of these revenues were spent on pay. McKinsey and BCG pay 90,000 and 93,000 respectively. 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. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. 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. Required fields are marked *. 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Some firms offer this as part of their standard package, while others dont. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 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 median compensation package totals $185K. 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. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. The salary information is posted above, where we note an average base salary of $90,000. Know Your Worth. The community relies on everyone sharing. These aren't remotely accurate and aren't even the correct job titles. OneDay @BCG Learn more Learn how much management consultants make based on the firm and their experience level. As well as Bain consultant salary benefits, careers at Bain come with many perks.
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