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However, if you have a good rationale for requesting a sign-on bonus you should ask. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. Again, there are some nuances when it comes to perks for MBA and PhD hires. What is the S.T.A.R. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. The salary information is posted above, where we note an average base salary of $90,000. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus All of those can add up to a nice sum, making competition for these roles extremely competitive. But an increasing number of boutique firms are appearing on the stage with traditional players. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Lets take a look at how the Bain consultant salary varies by role. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. Boston Consulting Group (BCG) Total compensation: up to US$206,250 1996-2023 Bain & Company, Inc. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Read what they think about their salaries on our Compensation FAQ page for , 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. The most effective case book has arrived! Masters-level graduates get offered around $112,000 in base salary at Bain. 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. My path to Bain has been interesting. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. 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 numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. FlashFash). Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. 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. 0 There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. We even created Excel templates and PowerPoint presentations. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. This equates to $116,000 in base salary and $53,000 in performance bonuses. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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 this article, well tell you just about everything there is to know about a Bain and Company consultant salary. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. 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 -. 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. Industry Sector . 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. If you are overcoming hardships, we wanna help! 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;. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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. 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)! Learn more Apply Now Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Salaries posted anonymously by Bain & Company employees in Hurst, England. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Get a free, personalized salary estimate based on today's job market. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. 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. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Learn how much management consultants make based on the firm and their experience level. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. For new MBA graduates basic salaries are between 80,000 and 90,000. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Read Jonathan Paul's full story! The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. What is the S.T.A.R. At Bain, we champion the bold to achieve the extraordinary. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Entdecken Personen E-Learning . On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Jonathan Paul, Associate Consultant #atBain A comprehensive guide to Bain & Company Salary in 2020! . We can help you get your desired MBB consulting offer. Some firms offer this as part of their standard package, while others dont. 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 Consulting Practice Manager in Maldon, England: [salary]. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Each firm has a set base salary at a given entry point and decides the entry point based on the candidates experience and interview performance. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. The salary growth itself is steep as you get promoted. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. OneDay @BCG Learn more 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 consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Competition for talent is high, and it has driven salaries up. Bain's consultant salary in the UK is the highest out of the three at 97,000. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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). Contact:sbutcher@efinancialcareers.comin the first instance. Consultant $202K. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Consulting also has a fast career progression and meritocratic pay, which means that top performers stand to gain a high sum in a comparatively short period of time. Required fields are marked *. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 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. We offer exciting career opportunities in a broad array of fields. 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. 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. The estimated base pay is $159,610 per year. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 2021-Apr. 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. Until this year, however, pay at the big consulting firmshad been climbing. 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. 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 -. 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. Averages based on self-reported salaries. 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. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In terms of living costs and compared to the average salaries, countries like Germany come out on top. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the Bain associate salary level. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Consulting salary grows at 5 percent annually on average. The community relies on everyone sharing. 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. Senior Associate Consultant $137K. 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. How much do consultants at McKinsey, BCG, and Bain make (in USD)?