The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . The community relies on everyone sharing. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Strategy consulting firms spent a lot on pay. As well as Bain consultant salary benefits, careers at Bain come with many perks. Average salary for Bain & Company It Consultant in Crawley: 27,037. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. For new MBA graduates basic salaries are between 80,000 and 90,000. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. 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. At this level, youre expected to leverage your professional network to bring in clients. Our offices in London are conveniently located a stone's throw from the vibrant Soho area and within the East London business district of Canary Wharf. Bain Principals and Partners in the US can make up to $1,000,000 each year, with $400,000 from base salary, and $600,000 from bonuses. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. Salary 28.00ph - 38.00ph +holiday pay . Well also take a look at the nature of the career path at Bain, as well as employee reviews. Average salaries for Bain and Company Consultant: [salary]. Learn how much management consultants make based on the firm and their experience level. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Competition for talent is high, and it has driven salaries up. The management consulting industry: the free CaseCoach guide for candidates, What consultants at McKinsey, BCG and Bain actually do, Salary Expectations at Top Consulting Firm from Graduate to Partner, Why People Leave Management Consulting After Only 2-4 Years, Invalid special character. The salary information is posted above, where we note an average base salary of $90,000. In exchange for putting in some long hours at Bain, you will learn an incredible amount from highly intelligent and knowledgeable people clients and colleagues across a wide range of business functions. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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;. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. 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. My path to Bain has been interesting. 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. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Office: Washington, D.C. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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. 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 . They will usually remain at that level for up to two years. 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). Looking for the best preparation to ace your case interviews? The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Get a free, personalized salary estimate based on today's job market. Read Jonathan Paul's full story! Bain only hires motivated, intelligent, creative, and highly competent people. Posted 02 Mar 2023. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. 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. Related Searches:All Consultant Salaries|All Bain & Company Salaries. 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. There is also some variance over the size of relocation packages, with Bain being the most generous. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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 has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. The 2021 salary report from industry coaching firmManagement Consulted shows that salaries at the top three firms McKinsey,Bainand Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. New hires can expect relocation support payments between USD 2k and 10k. Bain promotes top performers faster and rewards them better than at other 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. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. bain consultant salary uk 2021 . 0 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. Access all the online resources you need for success in your case and fit interviews. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Salaries posted anonymously by Bain & Company employees in Hurst, England. Lets take a look at how the Bain consultant salary varies by role. 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. 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. Boston Consulting Group (BCG) Total compensation: up to US$206,250 Salary negotiation is highly unlikely at these levels. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. What is the S.T.A.R. Find Jobs ETR: Careers. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. 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 difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. Learn about the award and see why employees love working at Bain. At the time, I wondered why other companies hadnt thought of this genius business strategy. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. bain consultant salary uk. 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. All of those can add up to a nice sum, making competition for these roles extremely competitive. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. There is some polarity when it comes to work-life balance. If you are overcoming hardships, we wanna help! Its on the level of McKinsey or an Ivy League education. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. These employees in the US earned an average base salary of $165,000 a year. 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. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. 28 emails packed with tips. This article is updated annually. How much do Bain & Company employees make? 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Salaries posted anonymously by Bain & Company employees in Reading, OH. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. These aren't remotely accurate and aren't even the correct job titles. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. 2021-Apr. If there is any room for negotiation it will be with the sign-on bonus. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. 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. Yet, top performers can rise to $220,000 at the high end. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Bain & Company Salaries trends. Average salary for Bain & Company Management Consultant in Maldon: 96,081. To improve your skills in all areas of the interview, check out our targeted offers below. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. If youre considering a career in management consulting, especially at a top firm like Bain and Company, youve probably been attracted to the competitive salaries offered in this field. 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. Read Jonathan Paul's full story! 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. You can expect the salary progression of the top 3 firms to look similar to the chart below. We offer exciting career opportunities in a broad array of fields. Only 1% of candidates receive consulting offers from Bain & Company. This is comparatively high compared to graduate salaries in most other fields. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. The estimated additional pay is $85,928 per year. But compensation is competitive from the beginning. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Find thousands of job opportunities by signing up to eFinancialCareers today. The community relies on everyone sharing. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Extraordinary Outcomes. Generally, the bonus is normally distributed. Additional pay could include bonus, stock, commission, profit sharing or tips. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. 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. 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. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. I was going to help people solve problems. The Bain salary in other countries varies for obvious reasons. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Learn how much management consultants make based on the firm and their experience level. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Learn about the award and see why employees love working at Bain. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000.