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. 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. 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! 715 salaries for 117 jobs at Bain & Company in Hurst, England. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. At McKinsey, the figure remains at $45,000. Also, certain employees will earn a different actual base for a variety of reasons. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. That aims to maximize the chance of entering stage 2. . Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. The community relies on everyone sharing. Its on the level of McKinsey or an Ivy League education. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. What is average salary increase yearly in top consulting firms? The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. Marleen F. - Associate Consultant - Bain & Company | LinkedIn We can help you get your desired MBB consulting offer. Bain & Company Management Consultant Salaries in Maldon Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Download our full salary and bonus survey here. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. Required fields are marked *. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Bain Consultant Salary | The Consulting Industry & Prep Experts Consultant Salary UK - Management Consulted At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Bain Associate Consultant Salary in 8 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. However, if you have a good rationale for requesting a sign-on bonus you should ask. 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. Your input helps Glassdoor refine our pay estimates over time. Associate Consultant $118K. Bain looks for practical, leadership experience. Join 90,000+ on the #1 consulting prep channel! But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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. The consulting industry has been booming in recent years, and going hard after top talent. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst ramona car accident sunday; mountain meadows subdivision 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). While MBB firms froze salaries, they offered other perks, and there are some differences here. Get a free, personalized salary estimate based on today's job market. Strategy consulting firms spent a lot on pay. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Find thousands of job opportunities by signing up to eFinancialCareers today. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. They are very generous with top performers towards the top percentage of the cohort, so the average total compensation over a typical three year period may be higher for top performers at Bain versus other firms. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Posted 02 Mar 2023. Read more about Consulting Salaries For MBA & Masters Graduates. 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. This equates to $116,000 in base salary and $53,000 in performance bonuses. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. bain consultant salary uk 2021 . Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. How to Break into Consulting with a PhD or Advanced Degree Help make it more accurate by adding yours. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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. Here's how much you'll make at McKinsey, Bain and - eFinancialCareers Average Bain & Company Inc. Salary in United Kingdom | PayScale The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Thats not to mention all the add-ons. The community relies on everyone sharing. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Manager $268K. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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 -. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. The estimated base pay is $159,610 per year. Investment associates x 2 , European Private Equity Fund - MBA level As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. These numbers are just starting salaries. Bain Consultant Salary | What Could You Earn At Bain & Company? There is some flexibility to this schedule in comparison with some other top consulting firms. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. The salary information is posted above, where we note an average base salary of $90,000. Data Modeller and Strategy Consultant - cwjobs.co.uk McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG - MBA Crystal Ball BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. McKinsey also offers to pay 50% of MBA tuition for returning interns. Employees maintain this role for 6-24 months before rising to the level of Consultant. The salary figures in this article are for those joining management consulting positions in 2023. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Bain only hires motivated, intelligent, creative, and highly competent people. As well as Bain consultant salary benefits, careers at Bain come with many perks. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Bain Manager Salary Managers at Bain design and oversee projects for clients. Consulting salary grows at 5 percent annually on average. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Bain Salaries | Levels.fyi 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". In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. This is comparatively high compared to graduate salaries in most other fields. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide.
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