This employer has claimed their Employer Profile and is engaged in the Glassdoor community. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Are you an impact player? In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. A comprehensive guide to Bain & Company Salary in 2020! We even created Excel templates and PowerPoint presentations. 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. The difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Zurich, Switzerland . At Bain, we champion the bold to achieve the extraordinary. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. 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. The community relies on everyone sharing. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Plus sample case and fit interview videos. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Their salaries typically start at 55,000 and can be as high as 65,000. The firm advises. This is comparatively high compared to graduate salaries in most other fields. 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. 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. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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! BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Youll build a powerful network in the process. Find thousands of job opportunities by signing up to eFinancialCareers today. The Bain salary in other countries varies for obvious reasons. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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". Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Invalid empty value or special character. Across 64 cities in 39 countries, we work alongside our clients as one team with a. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. 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. Each promotion to a higher level will also coincide with a salary leap. bain consultant salary uk 2021 . McKinsey also offers to pay 50% of MBA tuition for returning interns. Bain & Company Salaries How much do Bain & Company employees make? Bain Associate Consultant 52,271/yr Avg. 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)! 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 | The salary trajectory of a Consultant ranges between locations and employers. Some receive only 10% of the potential payout. 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). The estimated base pay is $159,610 per year. Your input helps Glassdoor refine our pay estimates over time. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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! Though the full bonus isnt guaranteed. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. What does it take to be a Bain management consultant? Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. We offer exciting career opportunities in a broad array of fields. technique - and why do banks like it? 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. 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. 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. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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 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. We even created Excel templates and PowerPoint presentations. "Andrea Orcel is an excellent banker but his pay rise is extreme". 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. Florian spent 5 years with McKinsey as a senior consultant. There is also some variance over the size of relocation packages, with Bain being the most generous. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. 73% of these revenues were spent on pay. 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 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. Generally, the bonus is normally distributed. Help make it more accurate by adding yours. Well tell you how much you can expect as an entry-level employee. We can help you get your desired MBB consulting offer. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Read more about Consulting Salaries For MBA & Masters Graduates. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. These employees earn an average base salary of $165,000 a year to start. 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. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 1996-2023 Bain & Company, Inc. All of those can add up to a nice sum, making competition for these roles extremely competitive. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. How much do Bain & Company employees make? Average salary for Bain & Company Management Consultant in Maldon: 96,081. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. Bain promotes top performers faster and rewards them better than at other firms. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Jonathan Paul, Associate Consultant #atBain U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Forbidden characters: \. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Its worth noting that your financial compensation- though excellent is perhaps the least important way, in the long run, that you are compensated for the work you do at Bain. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Two-to-three years out of an MBA program, Bain manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses.