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, OTC Equity Derivatives Client Relationship Manager, 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. What is the S.T.A.R. Extraordinary Outcomes. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . What is the S.T.A.R. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Lets take a look at how the Bain consultant salary varies by role. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. 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. Learn how much management consultants make based on the firm and their experience level. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Was this answer helpful? During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. All of those can add up to a nice sum, making competition for these roles extremely competitive. f you want to work for thetop three consulting firmsthen theres not much in it. To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. 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. The significant difference also holds true for new hires with an MBA or PhD. Generally, the bonus is normally distributed. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. They will usually remain at that level for up to two years. Learn about the award and see why employees love working at Bain. At Bain, we champion the bold to achieve the extraordinary. 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. Join 90,000+ on the #1 consulting prep channel! CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Your email address will not be published. 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 Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The figures are drawn from Management Consulted. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 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. 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. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Lets compare the entry level salaries between both countries. Bain & Company Salaries How much do Bain & Company employees make? Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Help make it more accurate by adding yours. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Only 1% of candidates receive consulting offers from Bain & Company. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Required fields are marked *. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. I was going to help people solve problems. On top of that, employees are eligible for up to $41,250 in performance bonuses. Eventually it will unless its offensive or libelous (in which case it wont.). There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. This is comparatively high compared to graduate salaries in most other fields. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Bain promotes top performers faster and rewards them better than at other firms. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. 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. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. We even created Excel templates and PowerPoint presentations. Bain & Company Salaries trends. But theres no single answer to the question of what a Bain salary is, of course. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Holy crap. Eventually it will unless its offensive or libelous (in which case it wont. 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! But compensation is competitive from the beginning. 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. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Private Equity / VC Jobs verfgbar bei eFinancialCareers. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Have a confidential story, tip, or comment youd like to share? 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. The estimated base pay is $159,610 per year. A comprehensive guide to Bain & Company Salary in 2020! The average Bain Partner Salary is in the neighborhood of $322,000 per year! Looking for the best preparation to ace your case interviews? McKinsey also offers to pay 50% of MBA tuition for returning interns. 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. 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). 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 practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. PwC UK pays Consultants a nice 85,000/year. These numbers are just starting salaries. 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. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. The firm advises. Forbidden characters: \. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. Until this year, however, pay at the big consulting firmshad been climbing. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. . BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. New hires can expect relocation support payments between USD 2k and 10k. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Know Your Worth. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. The Bain salary in other countries varies for obvious reasons. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Overall, our data shows that there isnt much difference in compensation between firms. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 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. We even created Excel templates and PowerPoint presentations. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Your input helps Glassdoor refine our pay estimates over time. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. 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)! BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Why consulting? 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. Averages based on self-reported salaries. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Let us know if you spot any inconsistencies in our data. 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. These employees in the US earned an average base salary of $165,000 a year. Zurich, Switzerland . For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. 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 employees rate the overall compensation and benefits package 4.4/5 stars. At the time, I wondered why other companies hadnt thought of this genius business strategy. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. And the Brain brand is very strong. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. 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. Learn more Apply Now Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Get a free, personalized salary estimate based on today's job market. 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. The community relies on everyone sharing. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. bain consultant salary ukrestoration companies near paris. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 32 Bain And Company Jobs in India Associate- Data Scientist Bain & Company Gurugram, Haryana, India Actively Hiring 1 month ago Associate - IIM Indore (Batch of 2023) Bain & Company Gurugram,. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 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 & Company on LinkedIn: Jonathan Paul, Associate Consultant. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Learn how much management consultants make based on the firm and their experience level. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Bain just increased paternal leaves (all genders) to 21 weeks. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. ramona car accident sunday; mountain meadows subdivision Bain Principals and Partners in the US can make up to $1,000,000 each year, with $400,000 from base salary, and $600,000 from bonuses. Florian spent 5 years with McKinsey as a senior consultant. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Posted 02 Mar 2023. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 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. Across 64 cities in 39 countries, we work alongside our clients as one team with a. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. The salary figures in this article are for those joining management consulting positions in 2023. 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) 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. FlashFash). Read Jonathan Paul's full story! 715 salaries for 117 jobs at Bain & Company in Hurst, England. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. We can help you get your desired MBB consulting offer. 2021-Apr. 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. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. The community relies on everyone sharing. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Salary 28.00ph - 38.00ph +holiday pay . 73% of these revenues were spent on pay. 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 only hires motivated, intelligent, creative, and highly competent people. 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. 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. technique - and why do banks like it? But an increasing number of boutique firms are appearing on the stage with traditional players. 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. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 8 full cases with solutions (incl. The article did not discuss the specific tiles that each of the three firms uses. 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. OneDay @BCG Learn more Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. MBA hires at Bain get PTO vacation of 25 days per year. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. Deloitte Consulting in the UK pays its consultants 91,000. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Anonymously share your salary to help the community, Averages based on self-reported salaries. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Audience: All students Location: Statler 185 Learn More Mar 06 Thats not to mention all the add-ons. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help!