They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Was this answer helpful? 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. 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. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Generally, the bonus is normally distributed. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. FlashFash). Read Jonathan Paul's full story! What is the S.T.A.R. 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. Audience: All students Location: Statler 185 Learn More Mar 06 In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Deloitte Consulting in the UK pays its consultants 91,000. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 73% of these revenues were spent on pay. At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain just increased paternal leaves (all genders) to 21 weeks. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Bain salary progression is quite steep relative to the corporate world. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. We can help you get your desired MBB consulting offer. 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Learn more Apply Now Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. What is the S.T.A.R. Your email address will not be published. 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 firm advises. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. The article did not discuss the specific tiles that each of the three firms uses. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Have a confidential story, tip, or comment youd like to share? Zurich, Switzerland . 2021 local clinical excellence awards (LCEAs) The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at 3,092. 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. Consultant $202K. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. OneDay @BCG Learn more Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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). To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Yet, top performers can rise to $220,000 at the high end. The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. Bain & Company Salaries trends. bain consultant salary uk 2021 . Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Bain & Company is one of the world's leading management consulting firms, working with top executives to help them make better decisions, convert those decisions to actions and deliver the sustainable success they desire. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. For new MBA graduates basic salaries are between 80,000 and 90,000. Bain's consultant salary in the UK is the highest out of the three at 97,000. 0 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. Also, certain employees will earn a different actual base for a variety of reasons. Average salary for Bain & Company It Consultant in Crawley: 27,037. Salary also varies by location, and there can be stark differences from one country to the next. 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. 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. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. . Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. That aims to maximize the chance of entering stage 2. Strategy consulting firms spent a lot on pay. Apply today for the Associate Consultant Athens 2023 with Bain & Company. All of those can add up to a nice sum, making competition for these roles extremely competitive. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. 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. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Salaries posted anonymously by Bain & Company employees in Reading, OH. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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 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. And find the best graduate job opportunities on Bright Network. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Being a shareholder in the partnership obviously comes with benefits on their own. 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. Specialist, Consulting Programs. 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. 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. 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. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. The estimated additional pay is $85,928 per year. 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. Average salary for Bain & Company Management Consultant in Maldon: 96,081. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Averages based on self-reported salaries. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Signing bonuses across all three firms remain at $30,000. bain consultant salary uk. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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)! I was going to help people solve problems. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. This is comparatively high compared to graduate salaries in most other fields. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. How much do Bain & Company employees make? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Lets compare the entry level salaries between both countries. Are you an impact player? Only 1% of candidates receive consulting offers from Bain & Company. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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. 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. 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. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. 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. Bain promotes top performers faster and rewards them better than at other firms. Learn about the award and see why employees love working at Bain. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. A comprehensive guide to Bain & Company Salary in 2020! 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. Find thousands of job opportunities by signing up to eFinancialCareers today. The salary growth itself is steep as you get promoted. The average Bain & Company salary ranges from approximately $38,943 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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. 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. bain consultant salary ukrestoration companies near paris. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 3 salaries for 3 jobs at Bain & Company in Reading, OH. out of network benefits, fertility benefits, best - culture is that people take their vacation. Florian spent 5 years with McKinsey as a senior consultant. At this level, youre expected to leverage your professional network to bring in clients. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. The consulting industry has been booming in recent years, and going hard after top talent. Find out what salary you could earn at Bain & Company after an MBA or masters degree. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. 2021-Apr. 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. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Competition for talent is high, and it has driven salaries up. In 2021, all three BBM firms were only paying $90k salaries. Salary 28.00ph - 38.00ph +holiday pay . Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. 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. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Youll build a powerful network in the process. The average Bain Partner Salary is in the neighborhood of $322,000 per year! Its on the level of McKinsey or an Ivy League education. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Well tell you how much you can expect as an entry-level employee. This article is updated annually. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Master's-level graduates get offered around $112,000 in base salary at Bain. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. This is comparatively high compared to graduate salaries in most other fields. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. 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. Any update on the Mck comp. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. The most effective case book has arrived! 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. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Forbidden characters: \. 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. 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. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. ), and one-time work-from-home bonuses have become more common. 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. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 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. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. These employees earn an average base salary of $165,000 a year to start. 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. 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;. McKinsey also offers to pay 50% of MBA tuition for returning interns. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. At the time, I wondered why other companies hadnt thought of this genius business strategy. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Eventually it will unless its offensive or libelous (in which case it wont. 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! But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Boston Consulting Group (BCG) Total compensation: up to US$206,250 These aren't remotely accurate and aren't even the correct job titles. 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. McKinsey and BCG pay 90,000 and 93,000 respectively. Your input helps Glassdoor refine our pay estimates over time. 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. However, if you have a good rationale for requesting a sign-on bonus you should ask. If there is any room for negotiation it will be with the sign-on bonus. 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. 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. Each promotion to a higher level will also coincide with a salary leap. 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 estimated total pay for a Consultant at Bain & Company is $245,538 per year. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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 estimated additional pay is $85,928 per year.