The median compensation package totals $185K. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. Bain Associate Consultant 52,271/yr Avg. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Audience: All students Location: Statler 185 Learn More Mar 06 Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Being a shareholder in the partnership obviously comes with benefits on their own. 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. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. MBA hires at Bain get PTO vacation of 25 days per year. 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 Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Learn about the award and see why employees love working at Bain. You can expect the salary progression of the top 3 firms to look similar to the chart below. Industry Sector . 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. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. 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. . Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. There is some polarity when it comes to work-life balance. 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 article did not discuss the specific tiles that each of the three firms uses. Download resume templates and watch in-depth, step-by-step resume advice videos. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Consulting salary grows at 5 percent annually on average. 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 8 full cases with solutions (incl. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Why consulting? 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 one-time work-from-home bonuses have become more common. Bain's consultant salary in the UK is the highest out of the three at 97,000. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. Average salary for Bain & Company Management Consultant in Maldon: 96,081. 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. The 2021 salary report from industry coaching firmManagement Consulted shows that salaries at the top three firms McKinsey,Bainand Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst These numbers are just starting salaries. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. If you are thinking of applying to McKinsey, BCG or Bain, make sure to sign up to our newsletter and receive free interview prep material in your inbox. Salaries posted anonymously by Bain & Company employees in Reading, OH. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. The community relies on everyone sharing. There is some flexibility to this schedule in comparison with some other top consulting firms. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . 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. 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. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. 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. 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". Overall, if you want to work for thetop three consulting firmsthen theres not much in it. In terms of living costs and compared to the average salaries, countries like Germany come out on top. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. 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. 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. Are you an impact player? They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. This is a breakdown of management consulting salaries in 2022. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. However, if you have a good rationale for requesting a sign-on bonus you should ask. The consulting industry has been booming in recent years, and going hard after top talent. 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. This is comparatively high compared to graduate salaries in most other fields. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. 28 emails packed with tips. New hires can expect relocation support payments between USD 2k and 10k. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. 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. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. A Bain consultant salary is one of the most competitive in the management consulting industry. 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. 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. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. To improve your skills in all areas of the interview, check out our targeted offers below. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 1996-2023 Bain & Company, Inc. We offer exciting career opportunities in a broad array of fields. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. 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;. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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 most effective case book has arrived! During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Employees maintain this role for 6-24 months before rising to the level of Consultant. Contact:sbutcher@efinancialcareers.comin the first instance. Find Jobs ETR: Careers. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. This article is updated annually. Forbidden characters: \. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Bain & Company 3 years 8 months Consultant Mar 2023 - Present1 month Denver, Colorado, United States Senior Associate Consultant Jun 2022 - Mar 202310 months Denver, Colorado, United States -. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. The salary trajectory of a Consultant ranges between locations and employers. The salary information is posted above, where we note an average base salary of $90,000. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. McKinsey also offers to pay 50% of MBA tuition for returning interns. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. 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. Extraordinary Outcomes. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Masters-level graduates get offered around $112,000 in base salary at Bain. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. Read Jonathan Paul's full story! Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Read more about Consulting Salaries For MBA & Masters Graduates. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 0 The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 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. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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. Invalid empty value or special character. ), 2023 eFinancialCareers - All rights reserved. Its on the level of McKinsey or an Ivy League education. These employees in the US earned an average base salary of $165,000 a year. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 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)! Generally, the bonus is normally distributed. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Management Consultant. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. The community relies on everyone sharing. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Plus sample case and fit interview videos. In this article, lets find out and compare Bain salaries across different positions in 12 countries. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. Have a confidential story, tip, or comment youd like to share? The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Bain Manager Salary Managers at Bain design and oversee projects for clients. The salary growth itself is steep as you get promoted. out of network benefits, fertility benefits, best - culture is that people take their vacation. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. And if you happen to thrive in a challenging but supportive environment like Bains, you could easily see your Bain and Company salary rise to truly staggering figures as you advance along the promotion schedule. Their salaries typically start at 55,000 and can be as high as 65,000. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. What does it take to be a Bain management consultant? 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. The figures are drawn from Management Consulted. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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. 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. 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. Help make it more accurate by adding yours. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Jonathan Paul, Associate Consultant #atBain In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Bain promotes top performers faster and rewards them better than at other firms. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. On top of that, employees are eligible for up to $41,250 in performance bonuses. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Well also take a look at the nature of the career path at Bain, as well as employee reviews.