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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. Learn more Apply Now 2021-Apr. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. 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. The estimated additional pay is $85,928 per year. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. The Bain salary in other countries varies for obvious reasons. The estimated base pay is $159,610 per year. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Florian spent 5 years with McKinsey as a senior consultant. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. MBA hires at Bain get PTO vacation of 25 days per year. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. . agree, these aren't close to the actual salaries you earn (particularly at the senior levels). McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. The average salary for a Consultant is $70,432 per year in United States, which is 71% lower than the average Bain & Company salary of $245,538 per year for this job. 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. At McKinsey, the figure remains at $45,000. 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. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Bain promotes top performers faster and rewards them better than at other firms. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Thats not to mention all the add-ons. Average salary for Bain & Company It Consultant in Crawley: 27,037. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. The community relies on everyone sharing. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. A comprehensive guide to Bain & Company Salary in 2020! Anonymously share your salary to help the community, Averages based on self-reported salaries. Download our full salary and bonus survey here. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 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. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Industry Sector . In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Baindidn't break out its U.K. headcount in its report, but the company employs 12,000 people globally, around 1,200of whom are listed on LinkedIn as working in the UK. Strategy consulting firms spent a lot on pay. 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. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. And find the best graduate job opportunities on Bright Network. 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. These aren't remotely accurate and aren't even the correct job titles. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Yet, top performers can rise to $220,000 at the high end. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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 higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. But compensation is competitive from the beginning. Until this year, however, pay at the big consulting firmshad been climbing. Bain & Company Salaries How much do Bain & Company employees make? How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Each promotion to a higher level will also coincide with a salary leap. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. McKinsey also offers to pay 50% of MBA tuition for returning interns. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Holy crap. Their salaries typically start at 55,000 and can be as high as 65,000. That aims to maximize the chance of entering stage 2. Overall, our data shows that there isnt much difference in compensation between firms. Know Your Worth. Manager $268K. I was going to help people solve problems. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Read Jonathan Paul's full story! Bain & Company Salaries trends. Salaries posted anonymously by Bain & Company employees in Reading, OH. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. For new MBA graduates basic salaries are between 80,000 and 90,000. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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. 715 salaries for 117 jobs at Bain & Company in Hurst, England. The significant difference also holds true for new hires with an MBA or PhD. Deloitte Consulting in the UK pays its consultants 91,000. 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. 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. The consulting industry has been booming in recent years, and going hard after top talent. PwC UK pays Consultants a nice 85,000/year. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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, OTC Equity Derivatives Client Relationship Manager, 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. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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)! We even created Excel templates and PowerPoint presentations. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Jonathan Paul, Associate Consultant #atBain This is a breakdown of management consulting salaries in 2022. On top of that, employees are eligible for up to $41,250 in performance bonuses. Find thousands of job opportunities by signing up to eFinancialCareers today. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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 In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). 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. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 20227 Monate. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. If you are overcoming hardships, we wanna help! 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). f you want to work for thetop three consulting firmsthen theres not much in it. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. bain consultant salary ukrestoration companies near paris. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. These numbers are just starting salaries. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. 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. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. As well as Bain consultant salary benefits, careers at Bain come with many perks. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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. And the Brain brand is very strong. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 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). Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Consulting salary grows at 5 percent annually on average. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 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,. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Bain wants to know what impact youve made in your role, rather than what youre responsible for. What is the S.T.A.R. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Access all the online resources you need for success in your case and fit interviews. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. 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. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Signing bonuses across all three firms remain at $30,000. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 73% of these revenues were spent on pay. 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 Consultant Salary in 8 countries 2016 in US Dollar Equivalents. If there is any room for negotiation it will be with the sign-on bonus. All of those can add up to a nice sum, making competition for these roles extremely competitive. 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. We can help you get your desired MBB consulting offer. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. Plus sample case and fit interview videos. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Looking for the best preparation to ace your case interviews? Your email address will not be published. The community relies on everyone sharing. 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) Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. 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. 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. The average Bain Partner Salary is in the neighborhood of $322,000 per year! The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working 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. Are you an impact player? At this level, youre expected to leverage your professional network to bring in clients. The most effective case book has arrived! Any update on the Mck comp. Extraordinary Outcomes. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. 73% of these revenues were spent on pay. Contact:sbutcher@efinancialcareers.comin the first instance. Bain & Company Salaries trends. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. technique - and why do banks like it? We even created Excel templates and PowerPoint presentations. 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. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. 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. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. Additional pay could include bonus, stock, commission, profit sharing or tips. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Boston Consulting Group (BCG) Total compensation: up to US$206,250 ), 2023 eFinancialCareers - All rights reserved. Was this answer helpful? The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Consultant $202K. Learn about the award and see why employees love working at Bain. They will usually remain at that level for up to two years. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). In terms of living costs and compared to the average salaries, countries like Germany come out on top. 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. 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. You can expect the salary progression of the top 3 firms to look similar to the chart below. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. The exact size of this payment is driven by the role and distance of the relocation. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. We offer exciting career opportunities in a broad array of fields. This article is updated annually. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. out of network benefits, fertility benefits, best - culture is that people take their vacation.