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Specialist, Consulting Programs. 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. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Bain & Company Salaries trends. bain consultant salary uk 2021 . Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Master's-level graduates get offered around $112,000 in base salary at Bain. 2022 MConsultingPrep | Intellectual Property protected by DMCA. Let us know if you spot any inconsistencies in our data. While the data has been validated with our applicants that received offers and triangulated with various sources, please be aware that consulting salaries are not an exact science and specific components can change relatively quickly for firms to stay competitive and usually increase every recruiting season. On top of that, employees are eligible for up to $41,250 in performance bonuses. 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. Its worth noting that your financial compensation- though excellent is perhaps the least important way, in the long run, that you are compensated for the work you do at Bain. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Plus sample case and fit interview videos. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 73% of these revenues were spent on pay. Bain only hires motivated, intelligent, creative, and highly competent people. 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. 1996-2023 Bain & Company, Inc. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 0 Have a confidential story, tip, or comment youd like to share? 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. Associate consultant is the title new undergraduate hires typically start working under at Bain and 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. 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. The figures are drawn from Management Consulted. Hence, the maximum bonusis given only tothe few % of consultants with a perfect rating, whereas the majority receives around 40 to 60% of the maximum amount. The salary trajectory of a Consultant ranges between locations and employers. 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. Senior Associate Consultant $137K. 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. 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. bain consultant salary uk. To improve your skills in all areas of the interview, check out our targeted offers below. These aren't remotely accurate and aren't even the correct job titles. While MBB firms froze salaries, they offered other perks, and there are some differences here. Consultant $202K. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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) 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. Holy crap. If you are overcoming hardships, we wanna help! Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. How much do consultants at McKinsey, BCG, and Bain make (in USD)? bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Salary also varies by location, and there can be stark differences from one country to the next. Total Pay 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Was this answer helpful? Audience: All students Location: Statler 185 Learn More Mar 06 A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Bain just increased paternal leaves (all genders) to 21 weeks. At this level, youre expected to leverage your professional network to bring in clients. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Learn how much management consultants make based on the firm and their experience level. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Additional pay could include bonus, stock, commission, profit sharing or tips. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. The Bain salary in other countries varies for obvious reasons. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. This is comparatively high compared to graduate salaries in most other fields. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Manager $268K. The significant difference also holds true for new hires with an MBA or PhD. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. 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 -. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Bain Consultants in the US can make up to $226,500 each year, with $165,000 from base salary, $41,500 from bonuses, and $20,000 from shared profits. technique - and why do banks like it? Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Extraordinary Outcomes. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. As well as Bain consultant salary benefits, careers at Bain come with many perks. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Why consulting? Bain's consultant salary in the UK is the highest out of the three at 97,000. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. ), 2023 eFinancialCareers - All rights reserved. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Only 1% of candidates receive consulting offers from Bain & Company. MBA hires at Bain get PTO vacation of 25 days per year. 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! 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 wants to know what impact youve made in your role, rather than what youre responsible for. 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. 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 Employees maintain this role for 6-24 months before rising to the level of Consultant. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Download resume templates and watch in-depth, step-by-step resume advice videos. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. We offer exciting career opportunities in a broad array of fields. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. We even created Excel templates and PowerPoint presentations. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Masters-level graduates get offered around $112,000 in base salary at Bain. Download our full salary and bonus survey here. 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 the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Learn how much management consultants make based on the firm and their experience level. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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,. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Youll build a powerful network in the process. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Read more about Consulting Salaries For MBA & Masters Graduates. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. ), and one-time work-from-home bonuses have become more common. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. 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. In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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 & Company employees rate the overall compensation and benefits package 4.4/5 stars. I was going to help people solve problems. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. McKinsey interviews (2023): the comprehensive insider guide, How to interpret charts and data in case interviews, McKinsey Personal Experience Interview: comprehensive insider guide, Case interview examples (2023): a collection from McKinsey and others, McKinsey Solve Game (2023): How to prepare and ace the Imbellus, 2023 | Contact: +43 6706059449 | 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. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Salary 28.00ph - 38.00ph +holiday pay . 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;. 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. But compensation is competitive from the beginning. FlashFash). In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. bain consultant salary ukrestoration companies near paris. Averages based on self-reported salaries. I was going to help people solve problems. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. The salary growth itself is steep as you get promoted. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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.
