Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. Jonathan Paul, Associate Consultant #atBain Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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. 2021-Apr. 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. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The salary figures in this article are for those joining management consulting positions in 2023. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 715 salaries for 117 jobs at Bain & Company in Hurst, England. 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. Florian spent 5 years with McKinsey as a senior consultant. What does it take to be a Bain management consultant? What is the S.T.A.R. 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! Basic salaries at top firms 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 0 Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Have a confidential story, tip, or comment youd like to share? All of those can add up to a nice sum, making competition for these roles extremely competitive. 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. Learn about the award and see why employees love working at Bain. Let us know if you spot any inconsistencies in our data. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. The salary growth itself is steep as you get promoted. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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). Bain promotes top performers faster and rewards them better than at other firms. 3 salaries for 3 jobs at Bain & Company in Reading, OH. 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. Managers at Bain design and oversee projects for clients. Download our full salary and bonus survey here. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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 Bain salary in other countries varies for obvious reasons. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Your input helps Glassdoor refine our pay estimates over time. Have a confidential story, tip, or comment youd like to share? At McKinsey, the figure remains at $45,000. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Eventually it will unless its offensive or libelous (in which case it wont.). 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. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. You can expect the salary progression of the top 3 firms to look similar to the chart below. How much do Bain & Company employees make? 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. 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). 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. 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. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Access all the online resources you need for success in your case and fit interviews. Average salaries for Bain and Company Consultant: [salary]. These employees in the US earned an average base salary of $165,000 a year. Consulting salary grows at 5 percent annually on average. Bain looks for practical, leadership experience. Generally, the bonus is normally distributed. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Bain just increased paternal leaves (all genders) to 21 weeks. Youll build a powerful network in the process. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. FlashFash). Consultant $202K. 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. To improve your skills in all areas of the interview, check out our targeted offers below. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Salary also varies by location, and there can be stark differences from one country to the next. Bain & Company Salaries trends. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. McKinsey and BCG pay 90,000 and 93,000 respectively. The average Bain & Company salary ranges from approximately $38,943 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Jonathan Paul, Associate Consultant #atBain The consulting industry has been booming in recent years, and going hard after top talent. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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. 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. 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. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. Specialist, Consulting Programs. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 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. But theres no single answer to the question of what a Bain salary is, of course. Each promotion to a higher level will also coincide with a salary leap. For new MBA graduates basic salaries are between 80,000 and 90,000. The estimated base pay is $159,610 per year. Being a shareholder in the partnership obviously comes with benefits on their own. Signing bonuses across all three firms remain at $30,000. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. These aren't remotely accurate and aren't even the correct job titles. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. I was going to help people solve problems. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Its on the level of McKinsey or an Ivy League education. This is comparatively high compared to graduate salaries in most other fields. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Average salary for Bain & Company Consultant I in Crete: US$192,000. Lets take a look at how the Bain consultant salary varies by role. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. This is comparatively high compared to graduate salaries in most other fields. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Bain & Company Salaries trends. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Yet, top performers can rise to $220,000 at the high end. Bain & Company Salaries How much do Bain & Company employees make? Find thousands of job opportunities by signing up to eFinancialCareers today. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Lets compare the entry level salaries between both countries. At Bain, we champion the bold to achieve the extraordinary. Stage 3 Fit Interview & Case Interview: Check out 2 articles Bain Fit Interview and Bain Case Interview to have a clearer idea of what you may expect during your application. 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. 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. 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)! Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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 offers relocation of $5,000, a housing allowance of up to $5,000 along with 20 days paid time off (PTO) vacation per year. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. 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. 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. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law.
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