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. How to Break into Consulting with a PhD or Advanced Degree The salary growth itself is steep as you get promoted. 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 figures are drawn from Management Consulted. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Managers at Bain design and oversee projects for clients. These aren't remotely accurate and aren't even the correct job titles. Audience: All students Location: Statler 185 Learn More Mar 06 And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. The median compensation package totals $185K. 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. Apply Today. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. 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. 8 full cases with solutions (incl. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. 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. Bain & Company Management Consultant Salaries in Maldon Pay scales for consultants in England - British Medical Association Additional pay could include bonus, stock, commission, profit sharing or tips. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. What does it take to be a Bain management consultant? Bain and Company Consultant Salaries | Glassdoor .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. bain consultant salary uk 2021 . Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Pavel Mkhitarian - Consultant - Bain & Company | LinkedIn Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Average salary for Bain & Company It Consultant in Crawley: 27,037. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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. 0 Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Posted 02 Mar 2023. 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. 2022 consulting salaries: how much top management consultants earn 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Industry Sector . Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. What is the S.T.A.R. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 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. 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 highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Management Consulting Salaries (2023) - Case Interview 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. Are you an impact player? If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Bain Associate Consultant 52,271/yr Avg. Have a confidential story, tip, or comment youd like to share? The community relies on everyone sharing. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Deloitte Consulting in the UK pays its consultants 91,000. How Much Does Bain & Company Pay in 2023? (6,389 Salaries) This employer has claimed their Employer Profile and is engaged in the Glassdoor community. EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk Plus sample case and fit interview videos. Learn about the award and see why employees love working at Bain. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Holy crap. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. 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. There is some polarity when it comes to work-life balance. If there is any room for negotiation it will be with the sign-on bonus. 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. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. Read Jonathan Paul's full story! Let us know if you spot any inconsistencies in our data. out of network benefits, fertility benefits, best - culture is that people take their vacation. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Specialist, Consulting Programs. Master's-level graduates get offered around $112,000 in base salary at Bain. 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. Bain & Company Salaries How much do Bain & Company employees make? 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. 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. Read more about Consulting Salaries For MBA & Masters Graduates. Consulting salary grows at 5 percent annually on average. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Download resume templates and watch in-depth, step-by-step resume advice videos. FlashFash). OneDay @BCG Learn more 7 Contract Data visualisation jobs in Sabines Green on CWJobs. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Some firms offer this as part of their standard package, while others dont. 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. Find Events - Recruits Portal - Bain & Company In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Jobs in United Kingdom | Careers | Boston Consulting Group - BCG Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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 -. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Our model gets smarter over time as more people share salaries on Glassdoor. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. This article is updated annually. 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. 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. Bain & Co. consultants earn a lot less than bankers - eFinancialCareers It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Join 90,000+ on the #1 consulting prep channel! Lets compare the entry level salaries between both countries. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. All of those can add up to a nice sum, making competition for these roles extremely competitive. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. 38 Bain And Company Jobs in India - LinkedIn The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 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. Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. 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. Extraordinary Outcomes. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Being a shareholder in the partnership obviously comes with benefits on their own. Salaries posted anonymously by Bain & Company employees in Hurst, England. Read Jonathan Paul's full story! This is comparatively high compared to graduate salaries in most other fields. 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. My path to Bain has been interesting. Anonymously share your salary to help the community, Averages based on self-reported salaries. Management Consultant. What is average salary increase yearly in top consulting firms? The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. 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. My path to Bain has been interesting. These employees earn an average base salary of $165,000 a year to start. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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. This is a breakdown of management consulting salaries in 2022. For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running. "Andrea Orcel is an excellent banker but his pay rise is extreme". Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Competition for talent is high, and it has driven salaries up. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Though the full bonus isnt guaranteed. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). 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. 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. But compensation is competitive from the beginning. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. ), and one-time work-from-home bonuses have become more common. Some receive only 10% of the potential payout. Bain Management Consultant Salary | $126K-$288K+ | Levels.fyi Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms.
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