Salary negotiation is highly unlikely at these levels. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Know Your Worth. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Some firms offer this as part of their standard package, while others dont. Eventually it will unless its offensive or libelous (in which case it wont.). 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. 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. ), and one-time work-from-home bonuses have become more common. Thats not to mention all the add-ons. All of those can add up to a nice sum, making competition for these roles extremely competitive. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Also, certain employees will earn a different actual base for a variety of reasons. 2022 MConsultingPrep | Intellectual Property protected by DMCA. He ranks as the most successful consulting case and fit interview coach, generating more than 420 offers with MBB, tier-2 firms, Big 4 consulting divisions, in-house consultancies, and boutique firms through direct coaching of his clients over the last 3 years. Average salaries for Bain and Company Consultant: [salary]. Bain & Company Salaries How much do Bain & Company employees make? New hires can expect relocation support payments between USD 2k and 10k. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. Bain wants to know what impact youve made in your role, rather than what youre responsible for. The estimated base pay is $159,610 per year. Industry Sector . 0 These numbers are just starting salaries. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). 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. Are you an impact player? Signing bonuses across all three firms remain at $30,000. I was going to help people solve problems. Specialist, Consulting Programs. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. 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 highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Bain looks for practical, leadership experience. Read more about Consulting Salaries For MBA & Masters Graduates. This equates to $116,000 in base salary and $53,000 in performance bonuses. What is the S.T.A.R. A Bain consultant salary is one of the most competitive in the management consulting industry. Looking for the best preparation to ace your case interviews? Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. How much do Bain & Company employees make? Find out what salary you could earn at Bain & Company after an MBA or masters degree. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. 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. In 2021, all three BBM firms were only paying $90k salaries. The community relies on everyone sharing. Eventually it will unless its offensive or libelous (in which case it wont. . The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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. 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. The salary information is posted above, where we note an average base salary of $90,000. Bain & Company Salaries trends. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. "Andrea Orcel is an excellent banker but his pay rise is extreme". Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. The community relies on everyone sharing. Get a free, personalized salary estimate based on today's job market. 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. Bain Manager Salary Managers at Bain design and oversee projects for clients. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. At Bain, we champion the bold to achieve the extraordinary. Forbidden characters: \. 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! . 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. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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 -. 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. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Being a shareholder in the partnership obviously comes with benefits on their own. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. 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. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. 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. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Audience: All students Location: Statler 185 Learn More Mar 06 Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Any update on the Mck comp. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Consulting salary grows at 5 percent annually on average. 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. But theres no single answer to the question of what a Bain salary is, of course. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 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. Learn how much management consultants make based on the firm and their experience level. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Have a confidential story, tip, or comment youd like to share? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Apply today for the Associate Consultant Athens 2023 with Bain & Company. This is comparatively high compared to graduate salaries in most other fields. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Bain & Company Salaries trends. 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. 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. 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. Lets compare the entry level salaries between both countries. Have a confidential story, tip, or comment youd like to share? 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. Only 1% of candidates receive consulting offers from Bain & Company. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. bain consultant salary uk 2021 . Office: Washington, D.C. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. For new MBA graduates basic salaries are between 80,000 and 90,000. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. 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. They will usually remain at that level for up to two years. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst The consulting industry has been booming in recent years, and going hard after top talent. Can you make it happen? If there is any room for negotiation it will be with the sign-on bonus. 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. 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)! shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. These employees in the US earned an average base salary of $165,000 a year. Let us know if you spot any inconsistencies in our data. 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. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 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. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Florian spent 5 years with McKinsey as a senior consultant. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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. Learn about the award and see why employees love working at Bain. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Bain Associate Consultant 52,271/yr Avg. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? That aims to maximize the chance of entering stage 2. Posted 02 Mar 2023. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. Extraordinary Outcomes. It's a very interesting job which gives strong basics to problem solving and data analysis, but this often comes with big cons, such as continuous travel and a not-ideal work-life balance. 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. Each promotion to a higher level will also coincide with a salary leap. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" bain consultant salary uk. Learn how this feature works. 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 interviews (2023): the comprehensive insider guide, How to interpret charts and data in case interviews, McKinsey Personal Experience Interview: comprehensive insider guide, Case interview examples (2023): a collection from McKinsey and others, McKinsey Solve Game (2023): How to prepare and ace the Imbellus, 2023 | Contact: +43 6706059449 | On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Why consulting? Manager $268K. The salary growth itself is steep as you get promoted. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. 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 -. McKinsey also offers to pay 50% of MBA tuition for returning interns. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Download our full salary and bonus survey here. 3 salaries for 3 jobs at Bain & Company in Reading, OH. 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. Masters-level graduates get offered around $112,000 in base salary at Bain. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 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.
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