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Read Jonathan Paul's full story! 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. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . What does it take to be a Bain management consultant? ), and one-time work-from-home bonuses have become more common. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Read more about Consulting Salaries For MBA & Masters Graduates. 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 lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The community relies on everyone sharing. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Bain & Company Total compensation: up to US$206,250 (150,814) Bain & Company is one of the Big Three consulting firms, working with public, private and non-profit businesses, and one of the most popular organizations among MBA graduates. Averages based on self-reported salaries. Can you make it happen? Deloitte Consulting in the UK pays its consultants 91,000. Salary negotiation is highly unlikely at these levels. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Salary also varies by location, and there can be stark differences from one country to the next. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 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. How much do Bain & Company employees make? I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Here, consulting firms pay a significant premium over industry roles available to recent graduates, whereas UK consulting salaries are relatively low considering the high living cost of London. Apply today for the Associate Consultant Athens 2023 with Bain & Company. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. This is comparatively high compared to graduate salaries in most other fields. Entdecken Personen E-Learning . Only 1% of candidates receive consulting offers from Bain & Company. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 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. Our model gets smarter over time as more people share salaries on Glassdoor. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Office: Washington, D.C. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Looking for the best preparation to ace your case interviews? Masters-level graduates get offered around $112,000 in base salary at Bain. In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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 discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Find thousands of job opportunities by signing up to eFinancialCareers today. f you want to work for thetop three consulting firmsthen theres not much in it. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. But compensation is competitive from the beginning. 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, still more employees claim that this is at best a dream for most employees, who often struggle to maintain this balance in actual practice. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Apply Today. At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. The exact size of this payment is driven by the role and distance of the relocation. 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. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Why consulting? Know Your Worth. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Master's-level graduates get offered around $112,000 in base salary at Bain. 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 & 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. Florian spent 5 years with McKinsey as a senior consultant. 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. Jonathan Paul, Associate Consultant #atBain Get a free, personalized salary estimate based on today's job market. The figures are drawn from Management Consulted. 0 Bain salary progression is quite steep relative to the corporate world. Baindidn't break out its U.K. headcount in its report, but the company employs 12,000 people globally, around 1,200of whom are listed on LinkedIn as working in the UK. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. 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)! Key factors include education/certification, work experience & seniority, and each employees personal profile. 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 estimated total pay for a Consultant at Bain & Company is $245,538 per year. Each firm has a set base salary at a given entry point and decides the entry point based on the candidates experience and interview performance. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Bain's consultant salary in the UK is the highest out of the three at 97,000. 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. 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. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. This equates to $116,000 in base salary and $53,000 in performance bonuses. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Let us know if you spot any inconsistencies in our data. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. technique - and why do banks like it? At the time, I wondered why other companies hadnt thought of this genius business strategy. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. The community relies on everyone sharing. bain consultant salary uk. While MBB firms froze salaries, they offered other perks, and there are some differences here. 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. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Forbidden characters: \. Contact:sbutcher@efinancialcareers.comin the first instance. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. 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 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. 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Find Jobs ETR: Careers. My path to Bain has been interesting. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. 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;. On top of that, employees are eligible for up to $41,250 in performance bonuses. FlashFash). Top management consulting salaries for a specific firm are usually the same or only vary slightly within a given country, however, they differ greatly across countries and geographies. However, if you have a good rationale for requesting a sign-on bonus you should ask. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. We offer exciting career opportunities in a broad array of fields. 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. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Bain just increased paternal leaves (all genders) to 21 weeks. 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. british army headgear,