We even created Excel templates and PowerPoint presentations. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. 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 -. Office: Washington, D.C. Bain wants to know what impact youve made in your role, rather than what youre responsible for. 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. Learn more Apply Now Any update on the Mck comp. Access all the online resources you need for success in your case and fit interviews. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 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 & Company Salaries How much do Bain & Company employees make? 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. 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. Eventually it will unless its offensive or libelous (in which case it wont. 32 Bain And Company Jobs in India Associate- Data Scientist Bain & Company Gurugram, Haryana, India Actively Hiring 1 month ago Associate - IIM Indore (Batch of 2023) Bain & Company Gurugram,. 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) There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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 highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. ), and one-time work-from-home bonuses have become more common. 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. Bain's consultant salary in the UK is the highest out of the three at 97,000. FlashFash). Average salary for Bain & Company Consultant I in Crete: US$192,000. bain consultant salary uk 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. Consultant $202K. Bain & Company Salaries in London, United Kingdom | Glassdoor Only 1% of candidates receive consulting offers from Bain & Company. It is unlikely that a consultant would move from one top-3 firm to another because of a difference in compensation, especially not below Partner level. Bain & Company 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. The median compensation package totals $185K. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 2021-Apr. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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. Thats not to mention all the add-ons. Bain & Company Management Consultant Salaries in Maldon McKinsey and BCG pay 90,000 and 93,000 respectively. In 2021, all three BBM firms were only paying $90k salaries. The community relies on everyone sharing. What is the S.T.A.R. Data Modeller and Strategy Consultant - cwjobs.co.uk Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. On top of that, employees are eligible for up to $41,250 in performance bonuses. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. And the Brain brand is very strong. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Salary Expectations at Top Consulting Firm from Graduate to Partner Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Management Consultant. Their salaries typically start at 55,000 and can be as high as 65,000. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Learn about the award and see why employees love working at Bain. If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. Bain vs McKinsey ?? which is the better place to start? The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Find thousands of job opportunities by signing up to eFinancialCareers today. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. Bain & Company Management Consultant Salaries in Maldon, England Looking for the best preparation to ace your case interviews? Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Download resume templates and watch in-depth, step-by-step resume advice videos. Well also take a look at the nature of the career path at Bain, as well as employee reviews. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. There is some flexibility to this schedule in comparison with some other top consulting firms. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. These employees earn an average base salary of $165,000 a year to start. The estimated base pay is $159,610 per year. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 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. 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. 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 Explore Roles | Bain & Company bain consultant salary uk Healthcare M&A Associate - Leading Elite Boutique IB, Analyst/Associate, Infrastructure M&A and Debt Advisory, "Andrea Orcel is an excellent banker but his pay rise is extreme". 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. Consultant Salary UK - Management Consulted Extraordinary Outcomes. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Pay scales for consultants in England - British Medical Association The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 20227 Monate. Strategy consulting firms spent a lot on pay. Bain salary progression is quite steep relative to the corporate world. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Bain Associate Consultant Salary in 8 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Yet, top performers can rise to $220,000 at the high end. 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. Competition for talent is high, and it has driven salaries up. Know Your Worth. Greenwich Partners, London, Vereinigtes Knigreich Job: Bewerben Sie sich fr Investment associates x 2 , European Private Equity Fund - MBA level Strategy Consultants sought from firms like McKinsey, Bain and BCG in Greenwich Partners, London, Vereinigtes Knigreich. The community relies on everyone sharing. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. Read Jonathan Paul's full story! Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Florian spent 5 years with McKinsey as a senior consultant. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. 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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Bain & Company Bain Associate Consultant Salaries in West Drayton For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Have a confidential story, tip, or comment youd like to share? The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . New hires can expect relocation support payments between USD 2k and 10k. Bain & Company Consultant Salaries | Glassdoor After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. A comprehensive guide to Bain & Company Salary in 2020! .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. Its on the level of McKinsey or an Ivy League education. How much do consultants at McKinsey, BCG, and Bain make (in USD)? 73% of these revenues were spent on pay. 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. Generally, the bonus is normally distributed. Bain & Company Salaries in Reading, OH | Glassdoor We can help you get your desired MBB consulting offer. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Required fields are marked *. ), 2023 eFinancialCareers - All rights reserved. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Are you an impact player? What is average salary increase yearly in top consulting 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. Averages based on self-reported salaries. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Lets compare the entry level salaries between both countries. The salary figures in this article are for those joining management consulting positions in 2023. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. They will usually remain at that level for up to two years. At Bain, we champion the bold to achieve the extraordinary. Bain & Company Salaries trends. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Find out what salary you could earn at Bain & Company after an MBA or masters degree. 73% of these revenues were spent on pay. Bain & Company - LinkedIn PwC UK pays Consultants a nice 85,000/year. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. OneDay @BCG Learn more Zurich, Switzerland . The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. technique - and why do banks like it? Bain & Company Consultant I Salaries in Crete | Glassdoor They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 38 Bain And Company Jobs in India - LinkedIn If there is any room for negotiation it will be with the sign-on bonus. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. 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. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Sabine Neuhaus - Consultant - Bain & Company | LinkedIn Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Associate Consultant $118K. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. 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. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Why consulting? Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? How much do Bain & Company employees make? 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.