BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. The pension funds can also be managed by McKinseys internal hedge fund, which has a great performance track record and includes investment vehicles not typically accessible to the general public. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. The salary trajectory of a Consultant ranges between locations and employers. Have a confidential story, tip, or comment youd like to share? 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. Your email address will not be published. OneDay @BCG Learn more Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Additional pay could include bonus, stock, commission, profit sharing or tips. 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. 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 -. 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. 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. Sabine Neuhaus - Consultant - Bain & Company | LinkedIn What is average salary increase yearly in top consulting firms? Bain & Company Salaries in London | Glassdoor By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. 73% of these revenues were spent on pay. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? This is comparatively high compared to graduate salaries in most other fields. 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;. bain consultant salary ukrestoration companies near paris. McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball At Bain, we champion the bold to achieve the extraordinary. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Eventually it will unless its offensive or libelous (in which case it wont. 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. EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk A comprehensive guide to Bain & Company Salary in 2020! 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. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. Salary 28.00ph - 38.00ph +holiday pay . 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. How much do Bain & Company employees make? Management Consulting Salaries (2023) - Case Interview The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. bain consultant salary uk COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. For new MBA graduates basic salaries are between 80,000 and 90,000. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. Holy crap. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. You will see that consulting salaries increase by ~30% year-on-year over ten years with a comparably faster increase in the first three years followed by a sharp increase between the role of Associate Partner and Partner. 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. Bain & Co. consultants earn a lot less than bankers - eFinancialCareers Bain wants to know what impact youve made in your role, rather than what youre responsible for. Bain & Company Consulting Practice Manager Salaries in Maldon, England Masters-level graduates get offered around $112,000 in base salary at Bain. Bain & Company Salaries trends. Jonathan Paul, Associate Consultant #atBain The firm advises. The community relies on everyone sharing. Salary also varies by location, and there can be stark differences from one country to the next. The community relies on everyone sharing. 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. 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. The Average Salary of a Consultant at McKinsey, Bain or BCG in London Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. Bain & Company - LinkedIn If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! ), and one-time work-from-home bonuses have become more common. Our model gets smarter over time as more people share salaries on Glassdoor. Bain only hires motivated, intelligent, creative, and highly competent people. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Bain & Company Qa Consultant Salaries in Maldon | Glassdoor A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Bain Consultant Salary | The Consulting Industry & Prep Experts Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. They are slightly higher for 2020. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! The management consulting industry: the free CaseCoach guide for candidates, What consultants at McKinsey, BCG and Bain actually do, Salary Expectations at Top Consulting Firm from Graduate to Partner, Why People Leave Management Consulting After Only 2-4 Years, Invalid special character. Our offices in London are conveniently located a stone's throw from the vibrant Soho area and within the East London business district of Canary Wharf. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. 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. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. 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. 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. They will usually remain at that level for up to two years. Thats not to mention all the add-ons. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Zurich, Switzerland . 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. Junior partners or non-equity partners would make USD ~350k and young partners start at around USD 700k per year, both with more than 50% of their salary being variable based on a combination of their performance and their firms performance. 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 Bain & Company Bain Associate Consultant Salaries in West Drayton Competition for talent is high, and it has driven salaries up. 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. 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)! 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. Contribute Manager The average Bain Partner Salary is in the neighborhood of $322,000 per year! Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Bain & Company hiring Specialist, Consulting Programs in London Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Find thousands of job opportunities by signing up to eFinancialCareers today. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus 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. 38 Bain And Company Jobs in India - LinkedIn Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. f you want to work for thetop three consulting firmsthen theres not much in it. bain consultant salary uk. Careers at Bain & Company | Bain & Company Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Access all the online resources you need for success in your case and fit interviews. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Bain & Company It Consultant Salaries in Crawley | Glassdoor The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Bain promotes top performers faster and rewards them better than at other firms. Deloitte Consulting in the UK pays its consultants 91,000. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Contract Data visualisation Jobs in Sabines Green | Contract Data And find the best graduate job opportunities on Bright Network. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). MBA, PhD Grads Can Make $200,000 at These 15 Consulting Firms My path to Bain has been interesting. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Get a free, personalized salary estimate based on today's job market. Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. All of those can add up to a nice sum, making competition for these roles extremely competitive. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Overall, if you want to work for thetop three consulting firmsthen theres not much in 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. 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. The most effective case book has arrived! Average salary for Bain & Company It Consultant in Crawley: 27,037. 1996-2023 Bain & Company, Inc. Sarina Schefer - Associate Consultant - Bain & Company | LinkedIn Bain & Company Consultant I Salaries in Valpo, IN | Glassdoor "Andrea Orcel is an excellent banker but his pay rise is extreme". Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Some firms offer this as part of their standard package, while others dont. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. The estimated additional pay is $85,928 per year. Also, certain employees will earn a different actual base for a variety of reasons. The significant difference also holds true for new hires with an MBA or PhD. Average salaries for Bain and Company Consultant: [salary]. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Read more about Consulting Salaries For MBA & Masters Graduates. Bain & Company Salaries in Reading, OH | Glassdoor My path to Bain has been interesting. On top of that, employees are eligible for up to $41,250 in performance bonuses. . Meet Shah - Associate Consultant - Bain & Company | LinkedIn 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. 8 full cases with solutions (incl. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Signing bonuses across all three firms remain at $30,000. I was going to help people solve problems. Posted 02 Mar 2023. The consulting industry has been booming in recent years, and going hard after top talent. Managers at Bain design and oversee projects for clients. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. 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! Know Your Worth. Learn about the award and see why employees love working at Bain. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Learn about the award and see why employees love working at Bain. Forbidden characters: \. Help make it more accurate by adding yours. However, still more employees claim that this is at best a dream for most employees, who often struggle to maintain this balance in actual practice. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. At the time, I wondered why other companies hadnt thought of this genius business strategy. Find thousands of job opportunities by signing up to eFinancialCareers today. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. The median compensation package totals $185K. 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. 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. Pay scales for consultants in England - British Medical Association There is some polarity when it comes to work-life balance. Lets take a look at how the Bain consultant salary varies by role. Learn more Apply Now Entdecken Personen E-Learning . This article is updated annually. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. There is a lot of room for growth at Bain, both in terms of role and in terms of growth above your Bain starting salary. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Salaries posted anonymously by Bain & Company employees in Reading, OH. 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. Bain & Company Consultant Salaries | Glassdoor Industry Sector . agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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.