Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The salary growth itself is steep as you get promoted. Each promotion to a higher level will also coincide with a salary leap. 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 exact size of this payment is driven by the role and distance of the relocation. Florian spent 5 years with McKinsey as a senior consultant. Employees maintain this role for 6-24 months before rising to the level of Consultant. Read Jonathan Paul's full story! 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)! In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. MBA hires at Bain get PTO vacation of 25 days per year. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. The estimated base pay is $159,610 per year. Master's-level graduates get offered around $112,000 in base salary at Bain. 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". The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. These employees in the US earned an average base salary of $165,000 a year. The cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. Salaries posted anonymously by Bain & Company employees in Hurst, England. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Its on the level of McKinsey or an Ivy League education. This article is updated annually. 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. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Find thousands of job opportunities by signing up to eFinancialCareers today. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The community relies on everyone sharing. Specialist, Consulting Programs. 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Read what they think about their salaries on our Compensation FAQ page for , 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. Consulting salary grows at 5 percent annually on average. My path to Bain has been interesting. Office: Washington, D.C. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Jonathan Paul, Associate Consultant #atBain 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. "Andrea Orcel is an excellent banker but his pay rise is extreme". In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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. Know Your Worth. Apply today for the Associate Consultant Athens 2023 with Bain & Company. 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. Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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. 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. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. 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. Salary 28.00ph - 38.00ph +holiday pay . The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Get a free, personalized salary estimate based on today's job market. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Bain salary progression is quite steep relative to the corporate world. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. 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. This is comparatively high compared to graduate salaries in most other fields. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Learn how much management consultants make based on the firm and their experience level. Holy crap. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. OneDay @BCG Learn more Our model gets smarter over time as more people share salaries on Glassdoor. We can help you get your desired MBB consulting offer. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. On top of that, employees are eligible for up to $41,250 in performance bonuses. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Learn how this feature works. 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. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. Averages based on self-reported salaries. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. If youre considering a career in management consulting, especially at a top firm like Bain and Company, youve probably been attracted to the competitive salaries offered in this field. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 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. bain consultant salary uk. The community relies on everyone sharing. 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. 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. Deloitte Consulting in the UK pays its consultants 91,000. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. 73% of these revenues were spent on pay. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Help make it more accurate by adding yours. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus 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). BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. Senior Associate Consultant $137K. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Bain & Company Salaries trends. . These numbers are just starting salaries. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Eventually it will unless its offensive or libelous (in which case it wont.). That aims to maximize the chance of entering stage 2. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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! Learn how much management consultants make based on the firm and their experience level. What is the S.T.A.R. Required fields are marked *. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Jonathan Paul, Associate Consultant #atBain Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. But compensation is competitive from the beginning. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Bain looks for practical, leadership experience. Forbidden characters: \. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Bain & Company Salaries trends. 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. Invalid empty value or special character. The estimated base pay is $159,610 per year. But an increasing number of boutique firms are appearing on the stage with traditional players. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Why consulting? We even created Excel templates and PowerPoint presentations. At Bain, we champion the bold to achieve the extraordinary. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Contact:sbutcher@efinancialcareers.comin the first instance. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 0 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. We offer exciting career opportunities in a broad array of fields. The estimated additional pay is $85,928 per year. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. And find the best graduate job opportunities on Bright Network. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. The significant difference also holds true for new hires with an MBA or PhD. Only 1% of candidates receive consulting offers from Bain & Company. f you want to work for thetop three consulting firmsthen theres not much in it. Lets compare the entry level salaries between both countries. Read Jonathan Paul's full story! 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 73% of these revenues were spent on pay. In this article, we want to give you an insight into how much money you can expect and how your salary will progress as you move up the ranks at the different strategy consulting firms. Read more about Consulting Salaries For MBA & Masters Graduates. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. All of those can add up to a nice sum, making competition for these roles extremely competitive. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Consultant $202K. 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. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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 aren't remotely accurate and aren't even the correct job titles. Bain & Company Salaries How much do Bain & Company employees make? Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Have a confidential story, tip, or comment youd like to share? 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. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. 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. 20227 Monate. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. 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 BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. 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.