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The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Learn how much management consultants make based on the firm and their experience level. 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. Read Jonathan Paul's full story! Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. In exchange for putting in some long hours at Bain, you will learn an incredible amount from highly intelligent and knowledgeable people clients and colleagues across a wide range of business functions. At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain & Company Salaries in London | Glassdoor 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). Your input helps Glassdoor refine our pay estimates over time. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. 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. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. 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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. 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. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The exact size of this payment is driven by the role and distance of the relocation. Here's how much you'll make at McKinsey, Bain and - eFinancialCareers We offer exciting career opportunities in a broad array of fields. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Though the full bonus isnt guaranteed. bain consultant salary uk 2021 . 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Being a shareholder in the partnership obviously comes with benefits on their own. 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 and Company salary trends based on salaries posted anonymously by Bain and Company employees. Bain Consultant Salary | What Could You Earn At Bain & Company? To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Its on the level of McKinsey or an Ivy League education. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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)! The salary information is posted above, where we note an average base salary of $90,000. Learn more Apply Now I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. 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). Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Meet Shah - Associate Consultant - Bain & Company | LinkedIn The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. 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. 73% of these revenues were spent on pay. 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. 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. How much do Bain & Company employees make? For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Bain and Company Consultant Salaries | Glassdoor 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. Contact:sbutcher@efinancialcareers.comin the first instance. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Until this year, however, pay at the big consulting firmshad been climbing. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. ramona car accident sunday; mountain meadows subdivision ), and one-time work-from-home bonuses have become more common. Key factors include education/certification, work experience & seniority, and each employees personal profile. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Bain & Company Salaries in Hurst, England | Glassdoor Are you an impact player? Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. The estimated base pay is $159,610 per year. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. 1996-2023 Bain & Company, Inc. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. 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. 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. Bain & Company Management Consultant Salaries in Maldon Office: Washington, D.C. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. . At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. We even created Excel templates and PowerPoint presentations. Salary 28.00ph - 38.00ph +holiday pay . The guide to pay at Bain, McKinsey, BCG and the Big Four The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. How Much Does Bain & Company Pay in 2023? (6,389 Salaries) Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 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 Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. To improve your skills in all areas of the interview, check out our targeted offers below. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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. Yet, top performers can rise to $220,000 at the high end. Lets take a look at how the Bain consultant salary varies by role. Have a confidential story, tip, or comment youd like to share? bain consultant salary uk But theres no single answer to the question of what a Bain salary is, of course. 0 Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 38 Bain And Company Jobs in India - LinkedIn Our offices in London are conveniently located a stone's throw from the vibrant Soho area and within the East London business district of Canary Wharf. Boston Consulting Group (BCG) Total compensation: up to US$206,250 Florian spent 5 years with McKinsey as a senior consultant. bain consultant salary uk. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. ), 2023 eFinancialCareers - All rights reserved. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. 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! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Consultant Salary UK - Management Consulted Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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 -. These numbers are just starting salaries. Yet, top performers can rise to $220,000 at the high end. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. 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 Consultant Salary in 8 countries 2016 in US Dollar Equivalents. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. Industry Sector . Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology.