The Average Salary of a Consultant at McKinsey, Bain or BCG in London These employees in the US earned an average base salary of $165,000 a year. Was this answer helpful? Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. 1996-2023 Bain & Company, Inc. Entdecken Personen E-Learning . 715 salaries for 117 jobs at Bain & Company in Hurst, England. Any update on the Mck comp. Senior Associate Consultant $137K. MBA, PhD Grads Can Make $200,000 at These 15 Consulting Firms Find out what salary you could earn at Bain & Company after an MBA or masters degree. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. But compensation is competitive from the beginning. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. 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)! Learn about the award and see why employees love working at Bain. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, 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), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. 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. Extraordinary Outcomes. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Posted 02 Mar 2023. Apply Today. To improve your skills in all areas of the interview, check out our targeted offers below. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Thats not to mention all the add-ons. 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. Have a confidential story, tip, or comment youd like to share? 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Average salary for Bain & Company It Consultant in Crawley: 27,037. Download resume templates and watch in-depth, step-by-step resume advice videos. 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. Help make it more accurate by adding yours. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. We can help you get your desired MBB consulting offer. 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. The salary information is posted above, where we note an average base salary of $90,000. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. As well as Bain consultant salary benefits, careers at Bain come with many perks. Join 90,000+ on the #1 consulting prep channel! Office: Washington, D.C. Master's-level graduates get offered around $112,000 in base salary at Bain. Youll build a powerful network in the process. 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. Get a free, personalized salary estimate based on today's job market. 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Sarina Schefer - Associate Consultant - Bain & Company | LinkedIn agree, these aren't close to the actual salaries you earn (particularly at the senior levels). At this level, youre expected to leverage your professional network to bring in clients. A comprehensive guide to Bain & Company Salary in 2020! The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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. Data Modeller and Strategy Consultant - cwjobs.co.uk They are slightly higher for 2020. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. How much do Bain & Company employees make? Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Salaries posted anonymously by Bain & Company employees in Reading, OH. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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,. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Audience: All students Location: Statler 185 Learn More Mar 06 also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. My path to Bain has been interesting. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Here's how much you'll make at McKinsey, Bain and - eFinancialCareers Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Related Searches:All Consultant Salaries|All Bain & Company Salaries. The community relies on everyone sharing. 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 Consultant Salary | What Could You Earn At Bain & Company? The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Bain & Company Salaries How much do Bain & Company employees make? New hires can expect relocation support payments between USD 2k and 10k. bain consultant salary uk If there is any room for negotiation it will be with the sign-on bonus. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. 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. If you are overcoming hardships, we wanna help! Anonymously share your salary to help the community, Averages based on self-reported salaries. ), and one-time work-from-home bonuses have become more common. But theres no single answer to the question of what a Bain salary is, of course. Jobs in United Kingdom | Careers | Boston Consulting Group - BCG For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. The significant difference also holds true for new hires with an MBA or PhD. These are the 13 Consulting Firms Paying MBAs More than US$200,000 a The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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). Also, certain employees will earn a different actual base for a variety of reasons. Bain & Company Salaries in Reading, OH | Glassdoor . The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 2022 consulting salaries: how much top management consultants earn At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Ben Caine - Consultant - Bain & Company | LinkedIn bain consultant salary ukrestoration companies near paris. Learn how much management consultants make based on the firm and their experience level. Meet Shah - Associate Consultant - Bain & Company | LinkedIn "Andrea Orcel is an excellent banker but his pay rise is extreme". Bain & Company Consultant Salaries | Glassdoor Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. 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. The community relies on everyone sharing. How to Break into Consulting with a PhD or Advanced Degree McKinsey and BCG pay 90,000 and 93,000 respectively. 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. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Bain Associate Consultant 52,271/yr Avg. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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 consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). 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. 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. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? technique - and why do banks like it? 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. These numbers are just starting salaries. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. 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. 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 -. Greenwich Partners, London, Vereinigtes Knigreich Job: Bewerben Sie sich fr Investment associates x 2 , European Private Equity Fund - MBA level Strategy Consultants sought from firms like McKinsey, Bain and BCG in Greenwich Partners, London, Vereinigtes Knigreich. Though the full bonus isnt guaranteed. The estimated additional pay is $85,928 per year. Careers at Bain & Company | Bain & Company Private Equity / VC Jobs verfgbar bei eFinancialCareers. Zurich, Switzerland . Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. At the time, I wondered why other companies hadnt thought of this genius business strategy. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Your input helps Glassdoor refine our pay estimates over time. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Average salary for Bain & Company Consultant I in Crete: US$192,000. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. 2021-Apr. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. In 2021, all three BBM firms were only paying $90k salaries. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Investment associates x 2 , European Private Equity Fund - MBA level 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 | PwC UK pays Consultants a nice 85,000/year. Salary: Bain Strategy Consultant in London, UK 2023 Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Our model gets smarter over time as more people share salaries on Glassdoor. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Bain's consultant salary in the UK is the highest out of the three at 97,000. 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. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Know Your Worth. 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 and Company Consultant Salaries | Glassdoor 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. Signing bonuses across all three firms remain at $30,000. Consulting salary grows at 5 percent annually on average. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. In this article, lets find out and compare Bain salaries across different positions in 12 countries. The community relies on everyone sharing. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Plus sample case and fit interview videos. 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. Bain & Company - Associate Consultant Athens 2023 0 Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Adjustment?McKinsey & Company Bain & Company Boston Consulting Group, Rare to see folks who worked at both firms, but would appreciate comparison around opportunities (across practice areas), top end compensation and exits in McKinsey and Bain, India. Jonathan Paul, Associate Consultant #atBain Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Bain & Company - LinkedIn bain consultant salary uk 73% of these revenues were spent on pay. Bain & Company Consultant I Salaries in Valpo, IN | Glassdoor Employees maintain this role for 6-24 months before rising to the level of Consultant. 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. The article did not discuss the specific tiles that each of the three firms uses. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Bain & Company It Consultant Salaries in Crawley | Glassdoor 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. Marleen F. - Associate Consultant - Bain & Company | LinkedIn 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. Florian spent 5 years with McKinsey as a senior consultant. There is some flexibility to this schedule in comparison with some other top consulting firms. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" There is also some variance over the size of relocation packages, with Bain being the most generous. 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. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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)! Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK Bain & Company Management Consultant Salaries in Maldon, England This is comparatively high compared to graduate salaries in most other fields. Bain & Company Consultant I Salaries in Crete | Glassdoor As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Access all the online resources you need for success in your case and fit interviews. 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. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA.