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We offer exciting career opportunities in a broad array of fields. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. These aren't remotely accurate and aren't even the correct job titles. Holy crap. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). MBA hires at Bain get PTO vacation of 25 days per year. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Bain Consultant Salary | What Could You Earn At Bain & Company? If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Average salary for Bain & Company It Consultant in Crawley: 27,037. What is average salary increase yearly in top consulting firms? McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball Job Search | Bain & Company, Inc. Bain & Company - Associate Consultant Athens 2023 Management Consultant. 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! Yet, top performers can rise to $220,000 at the high end. 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. Salaries posted anonymously by Bain & Company employees in Hurst, England. ), and one-time work-from-home bonuses have become more common. ), and one-time work-from-home bonuses have become more common. Bain & Company Consultant I Salaries in Valpo, IN | Glassdoor Bain & Co. consultants earn a lot less than bankers - eFinancialCareers Apply today for the Associate Consultant Athens 2023 with Bain & Company. The salary figures in this article are for those joining management consulting positions in 2023. Only 1% of candidates receive consulting offers from Bain & Company. Audience: All students Location: Statler 185 Learn More Mar 06 Their salaries typically start at 55,000 and can be as high as 65,000. To improve your skills in all areas of the interview, check out our targeted offers below. 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. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Lets compare the entry level salaries between both countries. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Management Consultant Salary UK 2023| PrepLounge.com 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. 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. 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. Associate Consultant $118K. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. f you want to work for thetop three consulting firmsthen theres not much in it. 2021-Apr. Lets take a look at how the Bain consultant salary varies by role. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. These numbers are just starting salaries. Can you make it happen? The community relies on everyone sharing. 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). How much do consultants at McKinsey, BCG, and Bain make (in USD)? Was this answer helpful? However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. technique - and why do banks like it? 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. If you are overcoming hardships, we wanna help! Salary Expectations at Top Consulting Firm from Graduate to Partner 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. Find Events - Recruits Portal - Bain & Company 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, 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. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. That aims to maximize the chance of entering stage 2. 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 promotes top performers faster and rewards them better than at other firms. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Generally, the bonus is normally distributed. Well tell you how much you can expect as an entry-level employee. Access all the online resources you need for success in your case and fit interviews. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. 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. 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. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 1996-2023 Bain & Company, Inc. 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. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Plus sample case and fit interview videos. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. We even created Excel templates and PowerPoint presentations. Find thousands of job opportunities by signing up to eFinancialCareers today. 2022 consulting salaries: how much top management consultants earn Top management consulting salaries for a specific firm are usually the same or only vary slightly within a given country, however, they differ greatly across countries and geographies. Bain vs McKinsey ?? which is the better place to start? 28 emails packed with tips. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Its on the level of McKinsey or an Ivy League education. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? Any update on the Mck comp. Related Searches:All Consultant Salaries|All Bain & Company Salaries. 73% of these revenues were spent on pay. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Learn about the award and see why employees love working at Bain. MBA, PhD Grads Can Make $200,000 at These 15 Consulting Firms My path to Bain has been interesting. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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 & Company on LinkedIn: Jonathan Paul, Associate Consultant. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. How much do Bain & Company employees make? Again, there are some nuances when it comes to perks for MBA and PhD hires. Additional pay could include bonus, stock, commission, profit sharing or tips. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. 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. Salary 28.00ph - 38.00ph +holiday pay . As for support stuff (e.g., junior analyst McKinsey salary, junior research analyst McKinsey salary, research analyst McKinsey salary) the salary is usually adjusted downward from the consultant role, which is in line with the lower work and travel demands for non-consulting roles. The figures are drawn from Management Consulted. Entdecken Personen E-Learning . McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 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. Deloitte Consulting in the UK pays its consultants 91,000. The estimated additional pay is $85,928 per year. Each firm has a set base salary at a given entry point and decides the entry point based on the candidates experience and interview performance. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, 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), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. 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. 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 -. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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)! Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Being a shareholder in the partnership obviously comes with benefits on their own. Help make it more accurate by adding yours. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. There is some flexibility to this schedule in comparison with some other top consulting firms. Specialist, Consulting Programs. How to Break into Consulting with a PhD or Advanced Degree There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. 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 consulting industry has been booming in recent years, and going hard after top talent. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain salary progression is quite steep relative to the corporate world. Total Pay Range Consultant 167 Salaries submitted 112,914 95,729 | 22,406 96K - 125K Associate Consultant 144 Salaries submitted 58,000 52,668 | 7,778 54K 64K Senior Associate Consultant 57 Salaries submitted 76,736 65,469 | 12,000 70K 81K Add your salary. 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. Marleen F. - Associate Consultant - Bain & Company | LinkedIn 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. Until this year, however, pay at the big consulting firmshad been climbing. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. OneDay @BCG Learn more . 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. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. What is the S.T.A.R. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 8 full cases with solutions (incl. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" technique - and why do banks like it? 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. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Also, certain employees will earn a different actual base for a variety of reasons. Jobs in United Kingdom | Careers | Boston Consulting Group - BCG 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 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 salary trajectory of a Consultant ranges between locations and employers. Bain only hires motivated, intelligent, creative, and highly competent people. Management Consulting Salary At 12 Top Firms (2020 Update) Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. ), 2023 eFinancialCareers - All rights reserved. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Salary also varies by location, and there can be stark differences from one country to the next. Read Jonathan Paul's full story! In this article, lets find out and compare Bain salaries across different positions in 12 countries. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Bain & Company Bain Associate Consultant Salaries in West Drayton Bain & Company Consultant I Salaries in Crete | Glassdoor On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Consultant $202K. bain consultant salary uk. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. At McKinsey, the figure remains at $45,000. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. 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. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. 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 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;. Here's how much you'll make at McKinsey, Bain and - eFinancialCareers Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. Average salaries for Bain and Company Consultant: [salary]. However, if you have a good rationale for requesting a sign-on bonus you should ask. They are slightly higher for 2020. 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. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Learn about the award and see why employees love working at Bain. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete.