MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Audience: All students Location: Statler 185 Learn More Mar 06 Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. FlashFash). BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Generally, the bonus is normally distributed. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Additional pay could include bonus, stock, commission, profit sharing or tips. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. 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. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Looking for the best preparation to ace your case interviews? Bain just increased paternal leaves (all genders) to 21 weeks. What is the S.T.A.R. This equates to $116,000 in base salary and $53,000 in performance bonuses. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Bain & Company Salaries trends. 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. Salary 28.00ph - 38.00ph +holiday pay . 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. 2021-Apr. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. But theres no single answer to the question of what a Bain salary is, of course. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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. My path to Bain has been interesting. 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. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Find thousands of job opportunities by signing up to eFinancialCareers today. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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 -. Why consulting? Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Salaries posted anonymously by Bain & Company employees in Reading, OH. On top of that, employees are eligible for up to $41,250 in performance bonuses. bain consultant salary ukrestoration companies near paris. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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 lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Are you an impact player? 73% of these revenues were spent on pay. The exact size of this payment is driven by the role and distance of the relocation. 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. 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. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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 figures are drawn from Management Consulted. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. New hires can expect relocation support payments between USD 2k and 10k. "Andrea Orcel is an excellent banker but his pay rise is extreme". Bain & Company Salaries trends. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. The article did not discuss the specific tiles that each of the three firms uses. 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. Youll build a powerful network in the process. The salary information is posted above, where we note an average base salary of $90,000. 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. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Have a confidential story, tip, or comment youd like to share? 3 salaries for 3 jobs at Bain & Company in Reading, OH. 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. They are slightly higher for 2020. 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. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? We even created Excel templates and PowerPoint presentations. Master's-level graduates get offered around $112,000 in base salary at Bain. 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. McKinsey also offers to pay 50% of MBA tuition for returning interns. Boston Consulting Group (BCG) Total compensation: up to US$206,250 Learn about the award and see why employees love working at Bain. 20227 Monate. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Zurich, Switzerland . Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. Apply Today. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. A comprehensive guide to Bain & Company Salary in 2020! 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 estimated additional pay is $85,928 per year. At Bain & Company, entry-level consultants may earn up to $120,000 per year, while senior ones have salaries up to $230,000 (bonuses and profit sharing included). 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. ), and one-time work-from-home bonuses have become more common. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Access all the online resources you need for success in your case and fit interviews. 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. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus The consulting industry has been booming in recent years, and going hard after top talent. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Overall, our data shows that there isnt much difference in compensation between firms. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Learn how much management consultants make based on the firm and their experience level. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Was this answer helpful? Some receive only 10% of the potential payout. The community relies on everyone sharing. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Posted 02 Mar 2023. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. However, if you have a good rationale for requesting a sign-on bonus you should ask. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Let us know if you spot any inconsistencies in our data. Read Jonathan Paul's full story! 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. Learn how this feature works. Florian spent 5 years with McKinsey as a senior consultant. These aren't remotely accurate and aren't even the correct job titles. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. 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. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. ), 2023 eFinancialCareers - All rights reserved. 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,. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 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 | Bain promotes top performers faster and rewards them better than at other firms. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. 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 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. 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. What does it take to be a Bain management consultant? Senior Associate Consultant $137K. Bain Manager Salary Managers at Bain design and oversee projects for clients. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Bain Associate Consultants in the US can make up to $242,000 each year, with $175,000 from base salary, $37,000 from bonuses, and $30,000 from shared profits. Employees maintain this role for 6-24 months before rising to the level of Consultant. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The estimated additional pay is $85,928 per year. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. 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". also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Yet, top performers can rise to $220,000 at the high end. 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. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 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. 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 Bain salary in other countries varies for obvious reasons. 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. Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster and more. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 28 emails packed with tips. Contact:sbutcher@efinancialcareers.comin the first instance. 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 You can expect the salary progression of the top 3 firms to look similar to the chart below. 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. 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. Some related job titles areEntry Level Consultant salaries with median pay of $50,394,Senior Consultant salaries with median pay of $123,519,Associate Consultant salaries with median pay of $89,060,Business Analyst salaries with median pay of $82,032. The firm advises. Learn how much management consultants make based on the firm and their experience level. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Learn more Apply Now 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. OneDay @BCG Learn more At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Until this year, however, pay at the big consulting firmshad been climbing. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Average salary for Bain & Company It Consultant in Crawley: 27,037. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Its on the level of McKinsey or an Ivy League education. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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. Yet, top performers can rise to $220,000 at the high end. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Lets compare the entry level salaries between both countries. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 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 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. There is also some variance over the size of relocation packages, with Bain being the most generous. Bain Associate Consultant 52,271/yr Avg. 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 one of the benefits of consulting but it is in line with other top-tier consulting firms. How much do Bain & Company employees make? This article is updated annually. These employees earn an average base salary of $165,000 a year to start. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. 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. Deloitte Consulting in the UK pays its consultants 91,000. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Again, there are some nuances when it comes to perks for MBA and PhD hires. Holy crap. But compensation is competitive from the beginning. These numbers are just starting salaries. . How much do Bain & Company employees make? 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. 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)! Also, certain employees will earn a different actual base for a variety of reasons. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? The salary growth itself is steep as you get promoted. 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.