The salary trajectory of a Consultant ranges between locations and employers. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Read more about Consulting Salaries For MBA & Masters Graduates. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. 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. Until this year, however, pay at the big consulting firmshad been climbing. 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. A Bain consultant salary is one of the most competitive in the management consulting industry. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Bain wants to know what impact youve made in your role, rather than what youre responsible for. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. technique - and why do banks like it? These numbers are just starting salaries. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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. McKinsey also offers to pay 50% of MBA tuition for returning interns. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. 715 salaries for 117 jobs at Bain & Company in Hurst, England. The significant difference also holds true for new hires with an MBA or PhD. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Required fields are marked *. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. In terms of living costs and compared to the average salaries, countries like Germany come out on top. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Read Jonathan Paul's full story! This is comparatively high compared to graduate salaries in most other fields. Average salaries for Bain and Company Consultant: [salary]. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. According to the exchange rate at the time of writing, this equated to a base Bain and Company consultant salary of $58,000, with up to $14,500 in performance bonuses. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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. 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. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Looking for the best preparation to ace your case interviews? Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. The cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. After two years as a Consultant, employees who remain with the company and perform well are promoted to Case Team Leader for another two years. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Invalid empty value or special character. 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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 -. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. To improve your skills in all areas of the interview, check out our targeted offers below. Bain & Company Salaries trends. 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. 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). At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. OneDay @BCG Learn more The estimated additional pay is $85,928 per year. 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. Generally, the bonus is normally distributed. 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! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Find thousands of job opportunities by signing up to eFinancialCareers today. Why consulting? All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The consulting industry has been booming in recent years, and going hard after top talent. 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". Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 28 emails packed with tips. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 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. Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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. 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. 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. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. The estimated additional pay is $85,928 per year. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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 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. Eventually it will unless its offensive or libelous (in which case it wont.). .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}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. 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 | Get a free, personalized salary estimate based on today's job market. 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Accounts recently filed by Bain & Co. Inc. for the year ending December 2020 show that Bain's UK entity earned 243m ($327m) in revenues last year, up from 198m in 2019. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst The estimated base pay is $159,610 per year. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The article did not discuss the specific tiles that each of the three firms uses. This article is updated annually. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. . BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Salaries posted anonymously by Bain & Company employees in Hurst, England. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Competition for talent is high, and it has driven salaries up. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Download resume templates and watch in-depth, step-by-step resume advice videos. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. But compensation is competitive from the beginning. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. 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. These employees earn an average base salary of $165,000 a year to start. 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. Masters-level graduates get offered around $112,000 in base salary at Bain. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. bain consultant salary uk. 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;. 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. 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. Associate Consultant $118K. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. The salary information is posted above, where we note an average base salary of $90,000. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. There is some polarity when it comes to work-life balance. 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. Access all the online resources you need for success in your case and fit interviews. 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. 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. 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. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. bain consultant salary ukrestoration companies near paris. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Deloitte Consulting in the UK pays its consultants 91,000. Audience: All students Location: Statler 185 Learn More Mar 06 Bain Manager Salary Managers at Bain design and oversee projects for clients. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Industry Sector . 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.