Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. However, top partners can make $1M+ or more comp at this level is variable, with the biggest factor being the amount of work you sell. And find the best graduate job opportunities on Bright Network. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Senior Associate Consultant $137K. 2021 local clinical excellence awards (LCEAs) The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at 3,092. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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! Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Learn how this feature works. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. But compensation is competitive from the beginning. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. bain consultant salary uk 2021 . Total Pay Range Consultant 167 Salaries submitted 112,914 95,729 | 22,406 96K - 125K Associate Consultant 144 Salaries submitted 58,000 52,668 | 7,778 54K 64K Senior Associate Consultant 57 Salaries submitted 76,736 65,469 | 12,000 70K 81K Add your salary. 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. Know Your Worth. These aren't remotely accurate and aren't even the correct job titles. 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 Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. Read more about Consulting Salaries For MBA & Masters Graduates. 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. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Bain & Company Salaries trends. Eventually it will unless its offensive or libelous (in which case it wont.). Read Jonathan Paul's full story! Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. The figures are drawn from Management Consulted. The most effective case book has arrived! Bain's consultant salary in the UK is the highest out of the three at 97,000. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. The community relies on everyone sharing. 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. For new MBA graduates basic salaries are between 80,000 and 90,000. 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. Learn about the award and see why employees love working at Bain. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Yet, top performers can rise to $220,000 at the high end. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). While MBB firms froze salaries, they offered other perks, and there are some differences here. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. A Bain consultant salary is one of the most competitive in the management consulting industry. Looking for the best preparation to ace your case interviews? 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". 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. 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. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Anonymously share your salary to help the community, Averages based on self-reported salaries. We even created Excel templates and PowerPoint presentations. The community relies on everyone sharing. 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! Florian spent 5 years with McKinsey as a senior consultant. 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. Invalid empty value or special character. 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 salary growth itself is steep as you get promoted. 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). Have a confidential story, tip, or comment youd like to share? Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. Lets compare the entry level salaries between both countries. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Some receive only 10% of the potential payout. Are you an impact player? In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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. Learn about the award and see why employees love working at Bain. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. A comprehensive guide to Bain & Company Salary in 2020! 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. 73% of these revenues were spent on pay. Management Consultant. Two-to-three years out of an MBA program, Bain manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. Forbidden characters: \. Across 64 cities in 39 countries, we work alongside our clients as one team with a. 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. Salary negotiation is highly unlikely at these levels. 1996-2023 Bain & Company, Inc. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. These employees earn an average base salary of $165,000 a year to start. Learn how much management consultants make based on the firm and their experience level. 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. Generally, the bonus is normally distributed. 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;. Key factors include education/certification, work experience & seniority, and each employees personal profile. Audience: All students Location: Statler 185 Learn More Mar 06 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. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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). How much do Bain & Company employees make? Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Their salaries typically start at 55,000 and can be as high as 65,000. 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. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Consultant $202K. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. 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, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Average salaries for Bain and Company Consultant: [salary]. . Managers at Bain design and oversee projects for clients. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Masters-level graduates get offered around $112,000 in base salary at Bain. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. As well as Bain consultant salary benefits, careers at Bain come with many perks. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Extraordinary Outcomes. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East.