In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Get a free, personalized salary estimate based on today's job market. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Related Searches:All Consultant Salaries|All Bain & Company Salaries. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Access all the online resources you need for success in your case and fit interviews. If there is any room for negotiation it will be with the sign-on bonus. Invalid empty value or special character. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. The estimated base pay is $159,610 per year. 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. 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! 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. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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. Plus sample case and fit interview videos. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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. Consultant $202K. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. ), and one-time work-from-home bonuses have become more common. Key factors include education/certification, work experience & seniority, and each employees personal profile. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. How much do consultants at McKinsey, BCG, and Bain make (in USD)? 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. The figures are drawn from Management Consulted. Yoeun Yoon Senior Manager Seoul Vicky Sun Manager Beijing Annie Medaglia Associate Partner Washington, DC Jake Mitchell Consultant San Francisco SEE MORE PROFILES Bold Thinking. 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. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 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. Masters-level graduates get offered around $112,000 in base salary at Bain. 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. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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 employees rate the overall compensation and benefits package 4.4/5 stars. 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. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Closes 30 Mar 2023 Ref HW/15450 Job Title EA. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). agree, these aren't close to the actual salaries you earn (particularly at the senior levels). From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Senior Associate Consultant $137K. Eventually it will unless its offensive or libelous (in which case it wont.). Well tell you how much you can expect as an entry-level employee. 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. Yet, top performers can rise to $220,000 at the high end. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. At Bain, we champion the bold to achieve the extraordinary. New hires can expect relocation support payments between USD 2k and 10k. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. Contribute Manager Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Bain & Company Salaries trends. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. As well as Bain consultant salary benefits, careers at Bain come with many perks. 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. 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). 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. Well also take a look at the nature of the career path at Bain, as well as employee reviews. It's a very interesting job which gives strong basics to problem solving and data analysis, but this often comes with big cons, such as continuous travel and a not-ideal work-life balance. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . These aren't remotely accurate and aren't even the correct job titles. At the time, I wondered why other companies hadnt thought of this genius business strategy. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Any update on the Mck comp. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Employees maintain this role for 6-24 months before rising to the level of Consultant. 1996-2023 Bain & Company, Inc. 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. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. How much do Bain & Company employees make? Office: Washington, D.C. Salary discussions are very important for most applicants at McKinsey, the Boston Consulting Group (BCG), and Bain after having invested significant amounts of money and time into their prestigious education. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Audience: All students Location: Statler 185 Learn More Mar 06 Our model gets smarter over time as more people share salaries on Glassdoor. 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. 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. Manager $268K. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Its on the level of McKinsey or an Ivy League education. Managers at Bain design and oversee projects for clients. Salary 28.00ph - 38.00ph +holiday pay . U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. The Bain salary in other countries varies for obvious reasons. 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 What does it take to be a Bain management consultant? It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. The salary figures in this article are for those joining management consulting positions in 2023. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Forbidden characters: \. Deloitte Consulting in the UK pays its consultants 91,000. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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) Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Being a shareholder in the partnership obviously comes with benefits on their own. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. MBA hires at Bain get PTO vacation of 25 days per year. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Their salaries typically start at 55,000 and can be as high as 65,000. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. We can help you get your desired MBB consulting offer. Are you an impact player? Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. OneDay @BCG Learn more Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Find thousands of job opportunities by signing up to eFinancialCareers today. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). These numbers are just starting salaries. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. We offer exciting career opportunities in a broad array of fields. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Know Your Worth. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. 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. 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. If this is accepted, do not expect more than a few percents of your base salary, but you should also be ready for your request to be declined. How much do Bain & Company employees make? A staggering 94% of Bain employees and alumni would recommend the experience to a friend. 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. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Find thousands of job opportunities by signing up to eFinancialCareers today. McKinsey interviews (2023): the comprehensive insider guide, How to interpret charts and data in case interviews, McKinsey Personal Experience Interview: comprehensive insider guide, Case interview examples (2023): a collection from McKinsey and others, McKinsey Solve Game (2023): How to prepare and ace the Imbellus, 2023 | Contact: +43 6706059449 | Boston Consulting Group (BCG) Total compensation: up to US$206,250 When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Strategy consulting firms spent a lot on pay. Bain Manager Salary Managers at Bain design and oversee projects for clients. 0 bain consultant salary uk 2021 . This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year.