The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. 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. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. The Bain salary in other countries varies for obvious reasons. 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 | The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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. Deloitte Consulting in the UK pays its consultants 91,000. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Entdecken Personen E-Learning . technique - and why do banks like it? Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Jonathan Paul, Associate Consultant #atBain 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. f you want to work for thetop three consulting firmsthen theres not much in it. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. 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. 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. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Average salary for Bain & Company It Consultant in Crawley: 27,037. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Lets compare the entry level salaries between both countries. 8 full cases with solutions (incl. Find Jobs ETR: Careers. I was going to help people solve problems. Holy crap. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Forbidden characters: \. Each promotion to a higher level will also coincide with a salary leap. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. We even created Excel templates and PowerPoint presentations. Our model gets smarter over time as more people share salaries on Glassdoor. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. PwC UK pays Consultants a nice 85,000/year. Help make it more accurate by adding yours. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. The estimated additional pay is $85,928 per year. 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,. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 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. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. How much do consultants at McKinsey, BCG, and Bain make (in USD)? This is comparatively high compared to graduate salaries in most other fields. Are you an impact player? Required fields are marked *. 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. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. A comprehensive guide to Bain & Company Salary in 2020! The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. The estimated base pay is $159,610 per year. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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! Any update on the Mck comp. Why consulting? 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. All of those can add up to a nice sum, making competition for these roles extremely competitive. 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, 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Know Your Worth. 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). 73% of these revenues were spent on pay. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. The community relies on everyone sharing. 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 -. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. 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 median compensation package totals $185K. Posted 02 Mar 2023. New hires can expect relocation support payments between USD 2k and 10k. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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. But compensation is competitive from the beginning. The community relies on everyone sharing. 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. bain consultant salary uk 2021 . Florian spent 5 years with McKinsey as a senior consultant. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Again, there are some nuances when it comes to perks for MBA and PhD hires. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. McKinsey also offers to pay 50% of MBA tuition for returning interns. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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 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. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. 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. Download our full salary and bonus survey here. 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. Let us know if you spot any inconsistencies in our data. On top of that, employees are eligible for up to $41,250 in performance bonuses. Join 90,000+ on the #1 consulting prep channel! "Andrea Orcel is an excellent banker but his pay rise is extreme". .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. If there is any room for negotiation it will be with the sign-on bonus. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" What does it take to be a Bain management consultant? 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. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. At the time, I wondered why other companies hadnt thought of this genius business strategy. There is some flexibility to this schedule in comparison with some other top consulting firms. 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. Average salary for Bain & Company Consultant I in Crete: US$192,000. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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 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". FlashFash). Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. Salaries posted anonymously by Bain & Company employees in Reading, OH. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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)! The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. 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. The salary growth itself is steep as you get promoted. 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. Competition for talent is high, and it has driven salaries up. 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. 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. The community relies on everyone sharing. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Learn about the award and see why employees love working at Bain. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. 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. 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. 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. If this is accepted, do not expect more than a few percents of your base salary, but you should also be ready for your request to be declined. 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)! Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 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).