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. 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 & 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;. 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. Your email address will not be published. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. 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. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. 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 estimated base pay is $159,610 per year. bain consultant salary uk. Salary negotiation is highly unlikely at these levels. Some receive only 10% of the potential payout. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. McKinsey and BCG pay 90,000 and 93,000 respectively. 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. Management Consultant Salary UK 2023| PrepLounge.com Salary also varies by location, and there can be stark differences from one country to the next. These employees earn an average base salary of $165,000 a year to start. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. 20227 Monate. 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 Management Consultant Salaries in Maldon How much do Bain & Company employees make? 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. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. These aren't remotely accurate and aren't even the correct job titles. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. 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. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. There is some flexibility to this schedule in comparison with some other top consulting firms. Average salaries for Bain and Company Consultant: [salary]. These are the 13 Consulting Firms Paying MBAs More than US$200,000 a Averages based on self-reported salaries. 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. The community relies on everyone sharing. 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. We can help you get your desired MBB consulting offer. Bain & Company Consulting Practice Manager Salaries in Maldon, England The salary figures in this article are for those joining management consulting positions in 2023. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 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. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Bain & Company hiring Specialist, Consulting Programs in London The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. If you are thinking of applying to McKinsey, BCG or Bain, make sure to sign up to our newsletter and receive free interview prep material in your inbox. What is the S.T.A.R. 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". 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, 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. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Strategy consulting firms spent a lot on pay. EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk My path to Bain has been interesting. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. At McKinsey, the figure remains at $45,000. These numbers are just starting salaries. Its on the level of McKinsey or an Ivy League education. 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. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. 73% of these revenues were spent on pay. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. In 2021, all three BBM firms were only paying $90k salaries. Download resume templates and watch in-depth, step-by-step resume advice videos. The estimated base pay is $159,610 per year. Any update on the Mck comp. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . . For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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)! 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. The guide to pay at Bain, McKinsey, BCG and the Big Four We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Being a shareholder in the partnership obviously comes with benefits on their own. Sabine Neuhaus - Consultant - Bain & Company | LinkedIn An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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 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. 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. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. 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. For new MBA graduates basic salaries are between 80,000 and 90,000. Learn how much management consultants make based on the firm and their experience level. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Signing bonuses across all three firms remain at $30,000. Bain & Company Salary (2020) | MConsultingPrep Looking for the best preparation to ace your case interviews? These employees in the US earned an average base salary of $165,000 a year. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Their salaries typically start at 55,000 and can be as high as 65,000. Find thousands of job opportunities by signing up to eFinancialCareers today. The salary trajectory of a Consultant ranges between locations and employers. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. At the time, I wondered why other companies hadnt thought of this genius business strategy. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Eventually it will unless its offensive or libelous (in which case it wont. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Bain just increased paternal leaves (all genders) to 21 weeks. Lets compare the entry level salaries between both countries. Data Modeller and Strategy Consultant - cwjobs.co.uk 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. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. 28 emails packed with tips. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Bain & Company Management Consultant Salaries in Maldon, England But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 2022 consulting salaries: how much top management consultants earn MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 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! 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 | Average salary for Bain & Company Consultant I in Crete: US$192,000. Our model gets smarter over time as more people share salaries on Glassdoor. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 2021-Apr. We offer exciting career opportunities in a broad array of fields. But an increasing number of boutique firms are appearing on the stage with traditional players. Private Equity / VC Jobs verfgbar bei eFinancialCareers. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Average salary for Bain & Company Management Consultant in Maldon: 96,081. 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. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. New hires can expect relocation support payments between USD 2k and 10k. Youll build a powerful network in the process. 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. Bain & Company Consultant I Salaries in Crete | Glassdoor Extraordinary Outcomes. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Greenwich Partners, London, Vereinigtes Knigreich Job: Bewerben Sie sich fr Investment associates x 2 , European Private Equity Fund - MBA level Strategy Consultants sought from firms like McKinsey, Bain and BCG in Greenwich Partners, London, Vereinigtes Knigreich. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. Yet, top performers can rise to $220,000 at the high end. Here's how much you'll make at McKinsey, Bain and - eFinancialCareers Management Consultant. Consultant $202K. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Learn more Apply Now Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. . Explore Roles | Bain & Company Contact:sbutcher@efinancialcareers.comin the first instance. The estimated additional pay is $85,928 per year. 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. 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). Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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 Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Its also possible to get a relocation bonus of $8,000 if youre coming from under 400 miles away and $16,000 if youre coming from more than 400 miles away. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. A Bain consultant salary is one of the most competitive in the management consulting industry. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Help make it more accurate by adding yours. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? bain consultant salary uk I was going to help people solve problems. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. However, if you have a good rationale for requesting a sign-on bonus you should ask. The average Bain Partner Salary is in the neighborhood of $322,000 per year!