After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Are you an impact player? Learn how much management consultants make based on the firm and their experience level. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. A Bain consultant salary is one of the most competitive in the management consulting industry. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Averages based on self-reported salaries. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 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;. 73% of these revenues were spent on pay. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. f you want to work for thetop three consulting firmsthen theres not much in it. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Average salaries for Bain and Company Consultant: [salary]. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Senior Associate Consultant $137K. OneDay @BCG Learn more 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 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. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. I was going to help people solve problems. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 73% of these revenues were spent on pay. If there is any room for negotiation it will be with the sign-on bonus. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the Bain associate salary level. Overall, our data shows that there isnt much difference in compensation between 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. 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. If you are overcoming hardships, we wanna help! Some receive only 10% of the potential payout. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Bain just increased paternal leaves (all genders) to 21 weeks. Salary also varies by location, and there can be stark differences from one country to the next. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Additional pay could include bonus, stock, commission, profit sharing or tips. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. 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. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Strategy consulting firms spent a lot on pay. technique - and why do banks like it? Key factors include education/certification, work experience & seniority, and each employees personal profile. Consultant $202K. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The salary information is posted above, where we note an average base salary of $90,000. The exact size of this payment is driven by the role and distance of the relocation. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Salary negotiation is highly unlikely at these levels. These aren't remotely accurate and aren't even the correct job titles. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. My path to Bain has been interesting. Your email address will not be published. Forbidden characters: \. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. My path to Bain has been interesting. Apply Today. 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. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Its on the level of McKinsey or an Ivy League education. The Bain salary in other countries varies for obvious reasons. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Industry Sector . 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. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Can you make it happen? All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. 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. 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. Bain & Company Salaries trends. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. 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 & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. Bain Associate Consultant 52,271/yr Avg. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Yet, top performers can rise to $220,000 at the high end. How much do Bain & Company employees make? The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. The community relies on everyone sharing. 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. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. 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. 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. 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. This is comparatively high compared to graduate salaries in most other fields. Being a shareholder in the partnership obviously comes with benefits on their own. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? The estimated additional pay is $85,928 per year. Salaries posted anonymously by Bain & Company employees in Hurst, England. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). 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. The estimated base pay is $159,610 per year. The estimated additional pay is $85,928 per year. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Lets compare the entry level salaries between both countries. 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 only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. The salary trajectory of a Consultant ranges between locations and employers. On top of that, employees are eligible for up to $41,250 in performance bonuses. 715 salaries for 117 jobs at Bain & Company in Hurst, England. 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 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 is some polarity when it comes to work-life balance. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. ), and one-time work-from-home bonuses have become more common. 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. Bain & Company Salaries How much do Bain & Company employees make? Consulting salary grows at 5 percent annually on average. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. How much do Bain & Company employees make? 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. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. There is some flexibility to this schedule in comparison with some other top consulting firms. Two-to-three years out of an MBA program, Bain manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. Download our full salary and bonus survey here. 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. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. And find the best graduate job opportunities on Bright Network. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. Eventually it will unless its offensive or libelous (in which case it wont.). Bain Associate Consultants in the US can make up to $122,500 each year, with $90,000 from base salary, $22,500 from bonuses, and $10,000 from shared profits. 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. Your input helps Glassdoor refine our pay estimates over time. McKinsey also offers to pay 50% of MBA tuition for returning interns. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. 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. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Thats not to mention all the add-ons. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. 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. Lets take a look at how the Bain consultant salary varies by role. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. 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. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. This is comparatively high compared to graduate salaries in most other fields. Read more about Consulting Salaries For MBA & Masters Graduates. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. The estimated base pay is $159,610 per year. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Masters-level graduates get offered around $112,000 in base salary at Bain. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Specialist, Consulting Programs. Jonathan Paul, Associate Consultant #atBain 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. 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 data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. ), 2023 eFinancialCareers - All rights reserved. Download resume templates and watch in-depth, step-by-step resume advice videos. Help make it more accurate by adding yours. To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. The consulting industry has been booming in recent years, and going hard after top talent. Consulting Based on 462 salaries Consultant 170 salaries Associate Consultant 147 salaries View More Business Based on 82 salaries Manager 41 salaries Senior Manager 20 salaries 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 | A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Bain salary progression is quite steep relative to the corporate world. These numbers are just starting salaries. Our model gets smarter over time as more people share salaries on Glassdoor. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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, top partners can make $1M+ or more comp at this level is variable, with the biggest factor being the amount of work you sell. Average salary for Bain & Company It Consultant in Crawley: 27,037. Was this answer helpful? To improve your skills in all areas of the interview, check out our targeted offers below. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). A comprehensive guide to Bain & Company Salary in 2020! Associate Consultant $118K. Bain wants to know what impact youve made in your role, rather than what youre responsible for. 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! Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 2021-Apr. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. 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)!