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. Get a free, personalized salary estimate based on today's job market. "Andrea Orcel is an excellent banker but his pay rise is extreme". 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). 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. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Read Jonathan Paul's full story! Specialist, Consulting Programs. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Was this answer helpful? Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. 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. Yet, top performers can rise to $220,000 at the high end. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Jonathan Paul, Associate Consultant #atBain 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. 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. Bain wants to know what impact youve made in your role, rather than what youre responsible for. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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 cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. 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. In 2021, all three BBM firms were only paying $90k salaries. Master's-level graduates get offered around $112,000 in base salary at Bain. Overall, our data shows that there isnt much difference in compensation between firms. Our model gets smarter over time as more people share salaries on Glassdoor. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 0 From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Looking for the best preparation to ace your case interviews? EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. These employees earn an average base salary of $165,000 a year to start. 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. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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. And the Brain brand is very strong. 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. The community relies on everyone sharing. Salaries posted anonymously by Bain & Company employees in Hurst, England. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Let us know if you spot any inconsistencies in our data. This is comparatively high compared to graduate salaries in most other fields. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. At this level, youre expected to leverage your professional network to bring in clients. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 2021-Apr. Entdecken Personen E-Learning . These aren't remotely accurate and aren't even the correct job titles. 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. Bain salary progression is quite steep relative to the corporate world. 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. 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. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Senior Associate Consultant $137K. Lets compare the entry level salaries between both countries. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Average salaries for Bain and Company Consultant: [salary]. 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 and Company salary trends based on salaries posted anonymously by Bain and Company employees. technique - and why do banks like it? 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. If there is any room for negotiation it will be with the sign-on bonus. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Average salary for Bain & Company Consultant I in Crete: US$192,000. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Download resume templates and watch in-depth, step-by-step resume advice videos. 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. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. Apply today for the Associate Consultant Athens 2023 with Bain & Company. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. 2022 MConsultingPrep | Intellectual Property protected by DMCA. . These employees in the US earned an average base salary of $165,000 a year. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Your input helps Glassdoor refine our pay estimates over time. 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. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. All of those can add up to a nice sum, making competition for these roles extremely competitive. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Related Searches:All Consultant Salaries|All Bain & Company Salaries. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. ), and one-time work-from-home bonuses have become more common. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). How to Decide Between Bain and McKinsey When you have the good fortune of deciding between two offers at top consulting firms, there's really no wrong choice. Consultant $202K. And find the best graduate job opportunities on Bright Network. Only 1% of candidates receive consulting offers from Bain & Company. Posted 02 Mar 2023. Salary also varies by location, and there can be stark differences from one country to the next. 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, OTC Equity Derivatives Client Relationship Manager, 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. 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. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Deloitte Consulting in the UK pays its consultants 91,000. 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. Total Pay 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. Eventually it will unless its offensive or libelous (in which case it wont.). Download our full salary and bonus survey here. Have a confidential story, tip, or comment youd like to share? Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Read more about Consulting Salaries For MBA & Masters Graduates. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. 28 emails packed with tips. 73% of these revenues were spent on pay. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. They are slightly higher for 2020. 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 Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The salary figures in this article are for those joining management consulting positions in 2023. ramona car accident sunday; mountain meadows subdivision 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) BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Plus sample case and fit interview videos. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. f you want to work for thetop three consulting firmsthen theres not much in it. The most effective case book has arrived! 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. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Learn how this feature works. 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. While MBB firms froze salaries, they offered other perks, and there are some differences here. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" out of network benefits, fertility benefits, best - culture is that people take their vacation. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. Bain & Company Salaries How much do Bain & Company employees make? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Learn how much management consultants make based on the firm and their experience level. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Contribute Manager Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. You can expect the salary progression of the top 3 firms to look similar to the chart below. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). 3 salaries for 3 jobs at Bain & Company in Reading, OH. Bain only hires motivated, intelligent, creative, and highly competent people. We can help you get your desired MBB consulting offer. 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. 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. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. 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.