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)! Though the full bonus isnt guaranteed. 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). 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. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Forbidden characters: \. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Lets compare the entry level salaries between both countries. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. 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. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Bain Associate Consultant 52,271/yr Avg. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Any update on the Mck comp. The salary trajectory of a Consultant ranges between locations and employers. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Plus sample case and fit interview videos. Masters-level graduates get offered around $112,000 in base salary at Bain. And the Brain brand is very strong. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Let us know if you spot any inconsistencies in our data. Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. And find the best graduate job opportunities on Bright Network. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. They will usually remain at that level for up to two years. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. McKinsey and BCG pay 90,000 and 93,000 respectively. The salary growth itself is steep as you get promoted. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. The figures are drawn from Management Consulted. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. 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 prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Again, there are some nuances when it comes to perks for MBA and PhD hires. Master's-level graduates get offered around $112,000 in base salary at Bain. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Bain salary progression is quite steep relative to the corporate world. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Download our full salary and bonus survey here. Bain wants to know what impact youve made in your role, rather than what youre responsible for. 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. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus All of those can add up to a nice sum, making competition for these roles extremely competitive. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. 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! Average salaries for Bain and Company Consultant: [salary]. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Holy crap. Yet, top performers can rise to $220,000 at the high end. Across 64 cities in 39 countries, we work alongside our clients as one team with a. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. If you are thinking of applying to McKinsey, BCG or Bain, make sure to sign up to our newsletter and receive free interview prep material in your inbox. 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 Has Been Named a Best Place to Work in 2023 by Glassdoor! That aims to maximize the chance of entering stage 2. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. 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. Have a confidential story, tip, or comment youd like to share? Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Salary 28.00ph - 38.00ph +holiday pay . . Learn how this feature works. The significant difference also holds true for new hires with an MBA or PhD. ), 2023 eFinancialCareers - All rights reserved. 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. 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. 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. 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,. What does it take to be a Bain management consultant? Competition for talent is high, and it has driven salaries up. The exact size of this payment is driven by the role and distance of the relocation. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. 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. PwC UK pays Consultants a nice 85,000/year. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain & Company Salaries How much do Bain & Company employees make? 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 The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. The community relies on everyone sharing. The difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Bain & Company Salaries trends. 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). 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. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. Read Jonathan Paul's full story! 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. Join 90,000+ on the #1 consulting prep channel! Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Thats not to mention all the add-ons. The salary information is posted above, where we note an average base salary of $90,000. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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. 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". Read Jonathan Paul's full story! Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. To improve your skills in all areas of the interview, check out our targeted offers below. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. 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. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. 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 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. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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. Learn about the award and see why employees love working at Bain. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Apply Today. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Each promotion to a higher level will also coincide with a salary leap. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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! Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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. 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. 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. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. The community relies on everyone sharing. 715 salaries for 117 jobs at Bain & Company in Hurst, England. I was going to help people solve problems. 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. The most effective case book has arrived! These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. 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 -. The estimated base pay is $159,610 per year. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. technique - and why do banks like it? MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. How much do consultants at McKinsey, BCG, and Bain make (in USD)? In 2021, all three BBM firms were only paying $90k salaries. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. This is comparatively high compared to graduate salaries in most other fields. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. The average Bain Partner Salary is in the neighborhood of $322,000 per year! ), and one-time work-from-home bonuses have become more common. The firm advises. Salary also varies by location, and there can be stark differences from one country to the next. Office: Washington, D.C. 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.