Averages based on self-reported salaries. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Get a free, personalized salary estimate based on today's job market. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. Invalid empty value or special character. 0 Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Key factors include education/certification, work experience & seniority, and each employees personal profile. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. We even created Excel templates and PowerPoint presentations. Read Jonathan Paul's full story! Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. 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. Only 1% of candidates receive consulting offers from Bain & Company. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). 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. The salaries and compensation structure at McKinsey, BCG, and Bain (MBB) or at Tier 2 consultancies, or Big 4 such as PWC careers are relatively rigid with very little room for negotiation. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Any update on the Mck comp. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Zurich, Switzerland . Help make it more accurate by adding yours. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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 -. Average salary for Bain & Company It Consultant in Crawley: 27,037. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Strategy consulting firms spent a lot on pay. Signing bonuses across all three firms remain at $30,000. 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Can you make it happen? OneDay @BCG Learn more Bain wants to know what impact youve made in your role, rather than what youre responsible for. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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. Know Your Worth. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. The salary information is posted above, where we note an average base salary of $90,000. . 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. On top of that, employees are eligible for up to $41,250 in performance bonuses. The estimated base pay is $159,610 per year. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. out of network benefits, fertility benefits, best - culture is that people take their vacation. The average salary for a Consultant is $70,432 per year in United States, which is 71% lower than the average Bain & Company salary of $245,538 per year for this job. 2022 MConsultingPrep | Intellectual Property protected by DMCA. And find the best graduate job opportunities on Bright Network. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. 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. 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. This is a breakdown of management consulting salaries in 2022. Your email address will not be published. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. My path to Bain has been interesting. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Have a confidential story, tip, or comment youd like to share? A comprehensive guide to Bain & Company Salary in 2020! Bain Associate Consultant 52,271/yr Avg. Some firms offer this as part of their standard package, while others dont. Bain Consultant salary (MBA/Experienced-level) 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) 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. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. The community relies on everyone sharing. Competition for talent is high, and it has driven salaries up. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. The community relies on everyone sharing. The estimated additional pay is $85,928 per year. The pension funds can also be managed by McKinseys internal hedge fund, which has a great performance track record and includes investment vehicles not typically accessible to the general public. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 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. They are slightly higher for 2020. Bain & Company Salaries How much do Bain & Company employees make? Bain only hires motivated, intelligent, creative, and highly competent people. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 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. The salary trajectory of a Consultant ranges between locations and employers. Find thousands of job opportunities by signing up to eFinancialCareers today. 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 How much do Bain & Company employees make? Its one of the benefits of consulting but it is in line with other top-tier consulting firms. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. There is some polarity when it comes to work-life balance. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Are you an impact player? They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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. 73% of these revenues were spent on pay. What does it take to be a Bain management consultant? Bain's consultant salary in the UK is the highest out of the three at 97,000. 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Looking for the best preparation to ace your case interviews? But theres no single answer to the question of what a Bain salary is, of course. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. 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. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. Jonathan Paul, Associate Consultant #atBain I was going to help people solve problems. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Master's-level graduates get offered around $112,000 in base salary at Bain. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Why consulting? Forbidden characters: \. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Salary also varies by location, and there can be stark differences from one country to the next. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. 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. Consultant $202K. 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. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. How much do Bain & Company employees make? FlashFash). Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. PwC UK pays Consultants a nice 85,000/year. ), and one-time work-from-home bonuses have become more common. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. This is comparatively high compared to graduate salaries in most other fields. If there is any room for negotiation it will be with the sign-on bonus. 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. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Read more about Consulting Salaries For MBA & Masters Graduates. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Find Jobs ETR: Careers. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Find thousands of job opportunities by signing up to eFinancialCareers today. Until this year, however, pay at the big consulting firmshad been climbing. 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. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Managers at Bain design and oversee projects for clients. 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. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. The figures are drawn from Management Consulted. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. Well tell you how much you can expect as an entry-level employee. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley.
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