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Lets take a look at how the Bain consultant salary varies by role. 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. The median compensation package totals $185K. Bain only hires motivated, intelligent, creative, and highly competent people. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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 lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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;. Associate Consultant $118K. . Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. A comprehensive guide to Bain & Company Salary in 2020! Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. How much do Bain & Company employees make? Accounts recently filed by Bain & Co. Inc.for the year ending December 2020 show that Bain's UK entity earned243m($327m) in revenues last year, up from 198m in 2019. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. 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. Average salaries for Bain and Company Consultant: [salary]. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . The community relies on everyone sharing. All of those can add up to a nice sum, making competition for these roles extremely competitive. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Bain & Company - Associate Consultant Athens 2023 What does it take to be a Bain management consultant? Average salary for Bain & Company It Consultant in Crawley: 27,037. My path to Bain has been interesting. . Its on the level of McKinsey or an Ivy League education. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. We can help you get your desired MBB consulting offer. 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 | 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. If there is any room for negotiation it will be with the sign-on bonus. Pay scales for consultants in England - British Medical Association Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Contract Data visualisation Jobs in Sabines Green | Contract Data Strategy consulting firms spent a lot on pay. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. 73% of these revenues were spent on pay. The consulting industry has been booming in recent years, and going hard after top talent. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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). I was going to help people solve problems. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Ben Caine - Consultant - Bain & Company | LinkedIn The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. They will usually remain at that level for up to two years. Bain & Company Qa Consultant Salaries in Maldon | Glassdoor In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. PwC UK pays Consultants a nice 85,000/year. Bain salary progression is quite steep relative to the corporate world. Signing bonuses across all three firms remain at $30,000. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Can you make it happen? Bain & Company Salaries in London | Glassdoor Careers at Bain & Company | Bain & Company Management Consulting Salary At 12 Top Firms (2020 Update) Zurich, Switzerland . During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Based on the applicants tenure and experience, the top 3 consulting firms in the US pay signing bonuses in the range between USD 5k (for business analysts) and 30k (for senior associates and project leaders). A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. 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. 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. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 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". Bain wants to know what impact youve made in your role, rather than what youre responsible for. Bain vs McKinsey ?? which is the better place to start? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. At this level, youre expected to leverage your professional network to bring in clients. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. 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. Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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. This equates to $116,000 in base salary and $53,000 in performance bonuses. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Jonathan Paul, Associate Consultant #atBain Bain & Company Bain Associate Consultant Salaries in West Drayton Bain & Co. consultants earn a lot less than bankers - eFinancialCareers Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Also, certain employees will earn a different actual base for a variety of reasons. bain consultant salary uk 2021 . 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. In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). OneDay @BCG Learn more There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Learn about the award and see why employees love working at Bain. 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. 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. 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. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Their salaries typically start at 55,000 and can be as high as 65,000. Learn how much management consultants make based on the firm and their experience level. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. This is a breakdown of management consulting salaries in 2022. Find thousands of job opportunities by signing up to eFinancialCareers today. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. They are slightly higher for 2020. How Much Does Bain & Company Pay in 2023? (6,389 Salaries) Download resume templates and watch in-depth, step-by-step resume advice videos. 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. We even created Excel templates and PowerPoint presentations. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. technique - and why do banks like it?