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 -. As well as Bain consultant salary benefits, careers at Bain come with many perks. Looking for the best preparation to ace your case interviews? Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. These employees earn an average base salary of $165,000 a year to start. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. If there is any room for negotiation it will be with the sign-on bonus. Being a shareholder in the partnership obviously comes with benefits on their own. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Salary negotiation is highly unlikely at these levels. The Bain salary in other countries varies for obvious reasons. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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. For new MBA graduates basic salaries are between 80,000 and 90,000. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Their salaries typically start at 55,000 and can be as high as 65,000. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Again, there are some nuances when it comes to perks for MBA and PhD hires. Any update on the Mck comp. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. 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. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Salary also varies by location, and there can be stark differences from one country to the next. 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". This equates to $116,000 in base salary and $53,000 in performance bonuses. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. ), 2023 eFinancialCareers - All rights reserved. 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 -. 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). Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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. To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. Help make it more accurate by adding yours. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). My path to Bain has been interesting. And if you happen to thrive in a challenging but supportive environment like Bains, you could easily see your Bain and Company salary rise to truly staggering figures as you advance along the promotion schedule. Invalid empty value or special character. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. f you want to work for thetop three consulting firmsthen theres not much in it. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Have a confidential story, tip, or comment youd like to share? Yet, top performers can rise to $220,000 at the high end. Only 1% of candidates receive consulting offers from Bain & Company. 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. Learn about the award and see why employees love working at Bain. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 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 employer has claimed their Employer Profile and is engaged in the Glassdoor community. What does it take to be a Bain management consultant? Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Industry Sector . Average salary for Bain & Company Management Consultant in Maldon: 96,081. This is a breakdown of management consulting salaries in 2022. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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;. That aims to maximize the chance of entering stage 2. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Well tell you how much you can expect as an entry-level employee. 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. Bain & Company Salaries How much do Bain & Company employees make? Learn more Apply Now 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Senior Associate Consultant $137K. Find out what salary you could earn at Bain & Company after an MBA or masters degree. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. These aren't remotely accurate and aren't even the correct job titles. 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). 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. 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. Management Consultant. 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. Employees maintain this role for 6-24 months before rising to the level of Consultant. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Thats not to mention all the add-ons. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 73% of these revenues were spent on pay. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Download resume templates and watch in-depth, step-by-step resume advice videos. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Most of them cite a similar array of pros, which include a supportive, collaborative, and friendly environment among colleagues, an endless stream of opportunities for career development, the excellent Bain consultant salary, and a constantly stimulating & educational environment. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Read Jonathan Paul's full story! Lets take a look at how the Bain consultant salary varies by role. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. 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,. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. 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. We even created Excel templates and PowerPoint presentations. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. 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 Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 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 At Bain, we champion the bold to achieve the extraordinary. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Some receive only 10% of the potential payout. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. 0 Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. They will usually remain at that level for up to two years. 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. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. The community relies on everyone sharing. 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. The community relies on everyone sharing. The exact size of this payment is driven by the role and distance of the relocation. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Based on 6389 salaries posted anonymously by Bain & Company Management 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. Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster 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, 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. Generally, the bonus is normally distributed. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. The article did not discuss the specific tiles that each of the three firms uses. 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. Download our full salary and bonus survey here. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. The salary figures in this article are for those joining management consulting positions in 2023. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. The most effective case book has arrived! Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Yet, top performers can rise to $220,000 at the high end. Anonymously share your salary to help the community, Averages based on self-reported salaries. 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. Your email address will not be published. Bain salary progression is quite steep relative to the corporate world. Bain Manager Salary Managers at Bain design and oversee projects for clients. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Bain promotes top performers faster and rewards them better than at other firms. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. This is comparatively high compared to graduate salaries in most other fields. 715 salaries for 117 jobs at Bain & Company in Hurst, England. 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. 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. 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. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 2022 MConsultingPrep | Intellectual Property protected by DMCA. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. out of network benefits, fertility benefits, best - culture is that people take their vacation. Apply Today. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Lets compare the entry level salaries between both countries. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Audience: All students Location: Statler 185 Learn More Mar 06 The figures are drawn from Management Consulted. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 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. 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). In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. technique - and why do banks like it?
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