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. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. 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. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Zurich, Switzerland . Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. 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. Eventually it will unless its offensive or libelous (in which case it wont. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. The community relies on everyone sharing. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. . Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Find Jobs ETR: Careers. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 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. Bain & Company Salaries trends. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. The community relies on everyone sharing. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. 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. 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 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 & Company employees rate the overall compensation and benefits package 4.4/5 stars. Though the full bonus isnt guaranteed. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Manager $268K. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Are you an impact player? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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)! In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. ), and one-time work-from-home bonuses have become more common. Average salary for Bain & Company It Consultant in Crawley: 27,037. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. The exact size of this payment is driven by the role and distance of the relocation. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Master's-level graduates get offered around $112,000 in base salary at Bain. Key factors include education/certification, work experience & seniority, and each employees personal profile. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. technique - and why do banks like it? Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. These employees earn an average base salary of $165,000 a year to start. Additional pay could include bonus, stock, commission, profit sharing or tips. As well as Bain consultant salary benefits, careers at Bain come with many perks. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. What is the S.T.A.R. The article did not discuss the specific tiles that each of the three firms uses. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Was this answer helpful? 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 2021-Apr. This equates to $116,000 in base salary and $53,000 in performance bonuses. We even created Excel templates and PowerPoint presentations. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Office: Washington, D.C. The community relies on everyone sharing. 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. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Apply Today. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). 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. Deloitte Consulting in the UK pays its consultants 91,000. Bain wants to know what impact youve made in your role, rather than what youre responsible for. 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. 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. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. The salary growth itself is steep as you get promoted. At this level, youre expected to leverage your professional network to bring in clients. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 8 full cases with solutions (incl. Averages based on self-reported salaries. 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Eventually it will unless its offensive or libelous (in which case it wont.). Employees maintain this role for 6-24 months before rising to the level of Consultant. Salary also varies by location, and there can be stark differences from one country to the next. Management Consultant. Generally, the bonus is normally distributed. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. 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. Bain & Company Salaries How much do Bain & Company employees make? 715 salaries for 117 jobs at Bain & Company in Hurst, England. 1996-2023 Bain & Company, Inc. For new MBA graduates basic salaries are between 80,000 and 90,000. They are slightly higher for 2020. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Bain Manager Salary Managers at Bain design and oversee projects for clients. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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,. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. But compensation is competitive from the beginning. Contact:sbutcher@efinancialcareers.comin the first instance. 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. Senior Associate Consultant $137K. 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 -. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Why consulting? 73% of these revenues were spent on pay. 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. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). McKinsey also offers to pay 50% of MBA tuition for returning interns. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Download resume templates and watch in-depth, step-by-step resume advice videos. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The pension funds can also be managed by McKinseys internal hedge fund, which has a great performance track record and includes investment vehicles not typically accessible to the general public. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Learn how much management consultants make based on the firm and their experience level. The significant difference also holds true for new hires with an MBA or PhD. 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. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Looking for the best preparation to ace your case interviews? Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Lets compare the entry level salaries between both countries. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. 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. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. But an increasing number of boutique firms are appearing on the stage with traditional players. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. We can help you get your desired MBB consulting offer. Average salaries for Bain and Company Consultant: [salary]. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. While MBB firms froze salaries, they offered other perks, and there are some differences here. Entdecken Personen E-Learning . Consultant $202K. Learn about the award and see why employees love working at Bain. A comprehensive guide to Bain & Company Salary in 2020! Bain Consultants in the US can make up to $226,500 each year, with $165,000 from base salary, $41,500 from bonuses, and $20,000 from shared profits. Find thousands of job opportunities by signing up to eFinancialCareers today. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The salary trajectory of a Consultant ranges between locations and employers. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Bain salary progression is quite steep relative to the corporate world. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 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. 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. Strategy consulting firms spent a lot on pay. f you want to work for thetop three consulting firmsthen theres not much in it. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. 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. Until this year, however, pay at the big consulting firmshad been climbing. We even created Excel templates and PowerPoint presentations. 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. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Average salary for Bain & Company Consultant I in Crete: US$192,000. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. At the time, I wondered why other companies hadnt thought of this genius business strategy. These aren't remotely accurate and aren't even the correct job titles. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter.
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