Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Specialist, Consulting Programs. As well as Bain consultant salary benefits, careers at Bain come with many perks. 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. 8 full cases with solutions (incl. 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. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. 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. Associate Consultant $118K. 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. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . There is also some variance over the size of relocation packages, with Bain being the most generous. Its on the level of McKinsey or an Ivy League education. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. The average Bain Partner Salary is in the neighborhood of $322,000 per year! out of network benefits, fertility benefits, best - culture is that people take their vacation. 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 consultant salary ukrestoration companies near paris. 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. 0 You can expect the salary progression of the top 3 firms to look similar to the chart below. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Let us know if you spot any inconsistencies in our data. What does it take to be a Bain management consultant? Consultant $202K. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. 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. It is unlikely that a consultant would move from one top-3 firm to another because of a difference in compensation, especially not below Partner level. Bain Manager Salary Managers at Bain design and oversee projects for clients. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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. 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. The significant difference also holds true for new hires with an MBA or PhD. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Master's-level graduates get offered around $112,000 in base salary at Bain. In terms of living costs and compared to the average salaries, countries like Germany come out on top. How much do Bain & Company employees make? Contribute Manager Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" The Bain salary in other countries varies for obvious reasons. 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. 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)! technique - and why do banks like it? In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Bain & Company Salaries How much do Bain & Company employees make? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Audience: All students Location: Statler 185 Learn More Mar 06 Join 90,000+ on the #1 consulting prep channel! Download our full salary and bonus survey here. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Find Jobs ETR: Careers. Apply Today. 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 consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. 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. 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The estimated base pay is $159,610 per year. 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. This article is updated annually. The community relies on everyone sharing. Bain Associate Consultant 52,271/yr Avg. 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. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Zurich, Switzerland . Salary 28.00ph - 38.00ph +holiday pay . Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. There is some flexibility to this schedule in comparison with some other top consulting firms. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Looking for the best preparation to ace your case interviews? Read Jonathan Paul's full story! 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. Average salary for Bain & Company Consultant I in Crete: US$192,000. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. The management consulting industry: the free CaseCoach guide for candidates, What consultants at McKinsey, BCG and Bain actually do, Salary Expectations at Top Consulting Firm from Graduate to Partner, Why People Leave Management Consulting After Only 2-4 Years, Invalid special character. Learn about the award and see why employees love working at Bain. Managers at Bain design and oversee projects for clients. Plus sample case and fit interview videos. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. Some receive only 10% of the potential payout. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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, 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. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Consultant is $70,432 per year in United States, The Ultimate Job Interview Preparation Guide. Well also take a look at the nature of the career path at Bain, as well as employee reviews. The exact size of this payment is driven by the role and distance of the relocation. The consulting industry has been booming in recent years, and going hard after top talent. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Can you make it happen? Salary negotiation is highly unlikely at these levels. At the time, I wondered why other companies hadnt thought of this genius business strategy. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Know Your Worth. 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. Forbidden characters: \. The estimated additional pay is $85,928 per 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. 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. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Being a shareholder in the partnership obviously comes with benefits on their own. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 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. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. MBA hires at Bain get PTO vacation of 25 days per year. 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. But theres no single answer to the question of what a Bain salary is, of course. At the time, I wondered why other companies hadnt thought of this genius business strategy. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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. Total Pay 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. 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,. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. technique - and why do banks like it? Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be.
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