"Andrea Orcel is an excellent banker but his pay rise is extreme". By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. However, if you have a good rationale for requesting a sign-on bonus you should ask. Bain vs McKinsey ?? which is the better place to start? The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. There is some flexibility to this schedule in comparison with some other top consulting firms. And the Brain brand is very strong. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Jobs in United Kingdom | Careers | Boston Consulting Group - BCG New hires can expect relocation support payments between USD 2k and 10k. Bain looks for practical, leadership experience. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. If there is any room for negotiation it will be with the sign-on bonus. Bain's consultant salary in the UK is the highest out of the three at 97,000. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. bain consultant salary ukrestoration companies near paris. Bain Consultant Salary | The Consulting Industry & Prep Experts Were excited to share that weve ranked #1 on Glassdoors Best Places to Work UK list and #3 on Glassdoors Best Places to Work U.S. list! This equates to $116,000 in base salary and $53,000 in performance bonuses. Employees maintain this role for 6-24 months before rising to the level of Consultant. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Consultant Salary UK - Management Consulted 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. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Salary negotiation is highly unlikely at these levels. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. They are slightly higher for 2020. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Entdecken Personen E-Learning . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). I was going to help people solve problems. The estimated additional pay is $85,928 per year. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. They will usually remain at that level for up to two years. The salary growth itself is steep as you get promoted. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. In 2021, all three BBM firms were only paying $90k salaries. Across 64 cities in 39 countries, we work alongside our clients as one team with a. But an increasing number of boutique firms are appearing on the stage with traditional players. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). But compensation is competitive from the beginning. Masters-level graduates get offered around $112,000 in base salary at Bain. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Learn how this feature works. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. The salary figures in this article are for those joining management consulting positions in 2023. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. Bain & Company Qa Consultant Salaries in Maldon | Glassdoor The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Yet, top performers can rise to $220,000 at the high end. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Bain & Company Consultant Salaries | Glassdoor Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Investment associates x 2 , European Private Equity Fund - MBA level 2021-Apr. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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 just increased paternal leaves (all genders) to 21 weeks. Well tell you how much you can expect as an entry-level employee. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. We even created Excel templates and PowerPoint presentations. Consultant $202K. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Have a confidential story, tip, or comment youd like to share? To improve your skills in all areas of the interview, check out our targeted offers below. Learn more Apply Now 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. McKinsey and BCG pay 90,000 and 93,000 respectively. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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. 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. How to Break into Consulting with a PhD or Advanced Degree My path to Bain has been interesting. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. 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 highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Have a confidential story, tip, or comment youd like to share? 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. 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. 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. 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. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK 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. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. FlashFash). Read more about Consulting Salaries For MBA & Masters Graduates. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. Find Events - Recruits Portal - Bain & Company I was going to help people solve problems. The article did not discuss the specific tiles that each of the three firms uses. Was this answer helpful? How Much Does Bain & Company Pay in 2023? (6,389 Salaries) 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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 & Company Consultant I Salaries in Crete | Glassdoor Zurich, Switzerland . Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Boston Consulting Group (BCG) Total compensation: up to US$206,250 Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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. 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. 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. McKinsey does pay less than other firms at the lowest entry-level, but beyond that, the differences with other firms are not large enough to be meaningful. 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 & Company employees rate the overall compensation and benefits package 4.4/5 stars. Bain & Company Salaries trends. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 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. 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. 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 recruits MBA and masters level consultants from top US business schools including Harvard, Wharton, and Stanford as well as schools outside the US like INSEAD, HEC Paris, and London Business School. ), 2023 eFinancialCareers - All rights reserved. Required fields are marked *. The salary trajectory of a Consultant ranges between locations and employers. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. This is comparatively high compared to graduate salaries in most other fields. Bain & Company Salaries in London, United Kingdom | Glassdoor Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Bain Associate Consultant 52,271/yr Avg. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Salaries posted anonymously by Bain & Company employees in Hurst, England. 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. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Learn about the award and see why employees love working at Bain. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). A comprehensive guide to Bain & Company Salary in 2020! Only 1% of candidates receive consulting offers from Bain & Company. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. How much do Bain & Company employees make? Bain & Company Consulting Practice Manager Salaries in Maldon, England Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Bain & Company Salaries in London | Glassdoor Salary also varies by location, and there can be stark differences from one country to the next. Additional pay could include bonus, stock, commission, profit sharing or tips. There is some polarity when it comes to work-life balance. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Management Consultant. 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. Salaries posted anonymously by Bain & Company employees in Reading, OH. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 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 -. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Bain & Company Salaries trends. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Bain Manager Salary Managers at Bain design and oversee projects for clients. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. 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. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Bain & Company Salary (2020) | MConsultingPrep Industry Sector . Bain & Company It Consultant Salaries in Crawley | Glassdoor The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Explore Roles | Bain & Company This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Jonathan Paul, Associate Consultant #atBain Any update on the Mck comp. The average additional cash compensation for a Strategy Consultant in the London, United Kingdom is GBP 4,697, with a range from GBP 1,367 - GBP 16,140. 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. Accounts recently filed by Bain & Co. Inc. for the year ending December 2020 show that Bain's UK entity earned 243m ($327m) in revenues last year, up from 198m in 2019. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. At Bain, we champion the bold to achieve the extraordinary. Audience: All students Location: Statler 185 Learn More Mar 06 Marleen F. - Associate Consultant - Bain & Company | LinkedIn 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. Ben Caine - Consultant - Bain & Company | LinkedIn Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 73% of these revenues were spent on pay. These aren't remotely accurate and aren't even the correct job titles. Also, certain employees will earn a different actual base for a variety of reasons. The most effective case book has arrived! At McKinsey, the figure remains at $45,000. Bain & Company Management Consultant Salaries in Maldon, England . For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. These employees earn an average base salary of $165,000 a year to start. Download our full salary and bonus survey here. Average salary for Bain & Company Management Consultant in Maldon: 96,081. 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 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). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. While MBB firms froze salaries, they offered other perks, and there are some differences here. technique - and why do banks like it? 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,. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Know Your Worth. Your input helps Glassdoor refine our pay estimates over time. Can you make it happen? A Bain consultant salary is one of the most competitive in the management consulting industry. What is average salary increase yearly in 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 pension funds can also be managed by McKinseys internal hedge fund, which has a great performance track record and includes investment vehicles not typically accessible to the general public. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. 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. 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. 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). Find Jobs ETR: Careers. Bain & Company Salaries How much do Bain & Company employees make? Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Bain Management Consultant Salary | $126K-$288K+ | Levels.fyi Bain & Company Salaries in Reading, OH | Glassdoor Management Consulting Salaries (2023) - Case Interview Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. The salary information is posted above, where we note an average base salary of $90,000. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000.
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