Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Adjustment?McKinsey & Company Bain & Company Boston Consulting Group, Rare to see folks who worked at both firms, but would appreciate comparison around opportunities (across practice areas), top end compensation and exits in McKinsey and Bain, India. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Some receive only 10% of the potential payout. 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. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Associate Consultant $118K. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. And the Brain brand is very strong. 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. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. 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 Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Any update on the Mck comp. 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. A Bain consultant salary is one of the most competitive in the management consulting industry. Read more about Consulting Salaries For MBA & Masters Graduates. Deloitte Consulting in the UK pays its consultants 91,000. My path to Bain has been interesting. However, if you have a good rationale for requesting a sign-on bonus you should ask. f you want to work for thetop three consulting firmsthen theres not much in it. We can help you get your desired MBB consulting offer. To improve your skills in all areas of the interview, check out our targeted offers below. 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 salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. My path to Bain has been interesting. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 1996-2023 Bain & Company, Inc. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Average salary for Bain & Company Consultant I in Crete: US$192,000. The community relies on everyone sharing. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Bain promotes top performers faster and rewards them better than at other firms. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Lets take a look at how the Bain consultant salary varies by role. Additional pay could include bonus, stock, commission, profit sharing or tips. If there is any room for negotiation it will be with the sign-on bonus. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Download our full salary and bonus survey here. Let us know if you spot any inconsistencies in our data. Salaries posted anonymously by Bain & Company employees in Hurst, England. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. 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. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Employees maintain this role for 6-24 months before rising to the level of Consultant. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. 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. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Our model gets smarter over time as more people share salaries on Glassdoor. Bain & Company Salaries trends. Holy crap. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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 -. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. There is also some variance over the size of relocation packages, with Bain being the most generous. But compensation is competitive from the beginning. 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. FlashFash). 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. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. The estimated additional pay is $85,928 per year. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Generally, the bonus is normally distributed. 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. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. 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). Averages based on self-reported salaries. 2022 MConsultingPrep | Intellectual Property protected by DMCA. I was going to help people solve problems. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. 73% of these revenues were spent on pay. 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. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. McKinsey also offers to pay 50% of MBA tuition for returning interns. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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 estimated base pay is $159,610 per year. Salaries posted anonymously by Bain & Company employees in Reading, OH. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. How much do consultants at McKinsey, BCG, and Bain make (in USD)? The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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! Can you make it happen? Know Your Worth. All of those can add up to a nice sum, making competition for these roles extremely competitive. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. Only 1% of candidates receive consulting offers from Bain & Company. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. 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. 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Your input helps Glassdoor refine our pay estimates over time. 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. 20227 Monate. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Plus sample case and fit interview videos. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus 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 a global consultancy that helps the world's most ambitious change makers define the future. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. 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)! At Bain, we champion the bold to achieve the extraordinary. 73% of these revenues were spent on pay. Though the full bonus isnt guaranteed. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). 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. Consultant $202K. 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 Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The Bain salary in other countries varies for obvious reasons. What does it take to be a Bain management consultant? A staggering 94% of Bain employees and alumni would recommend the experience to a friend. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. This equates to $116,000 in base salary and $53,000 in performance bonuses. 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 & Company Salaries How much do Bain & Company employees make? 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. 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. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Office: Washington, D.C. Its also possible to get a relocation bonus of $8,000 if youre coming from under 400 miles away and $16,000 if youre coming from more than 400 miles away. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The salary growth itself is steep as you get promoted. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more.
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