There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Management Consultant. Lets compare the entry level salaries between both countries. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 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 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. 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. Anonymously share your salary to help the community, Averages based on self-reported salaries. ), and one-time work-from-home bonuses have become more common. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Eventually it will unless its offensive or libelous (in which case it wont. But an increasing number of boutique firms are appearing on the stage with traditional players. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Required fields are marked *. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. The estimated additional pay is $85,928 per year. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. The figures are drawn from Management Consulted. Access all the online resources you need for success in your case and fit interviews. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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)! How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. How much do Bain & Company employees make? The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. 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. Senior Associate Consultant $137K. 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. Each promotion to a higher level will also coincide with a salary leap. 20227 Monate. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Deloitte Consulting in the UK pays its consultants 91,000. 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. Also, certain employees will earn a different actual base for a variety of reasons. The significant difference also holds true for new hires with an MBA or PhD. 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. out of network benefits, fertility benefits, best - culture is that people take their vacation. 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. 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. Entdecken Personen E-Learning . The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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 equates to $116,000 in base salary and $53,000 in performance bonuses. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Bain only hires motivated, intelligent, creative, and highly competent people. 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. And find the best graduate job opportunities on Bright Network. Our model gets smarter over time as more people share salaries on Glassdoor. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. 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). The most effective case book has arrived! At McKinsey, the figure remains at $45,000. Office: Washington, D.C. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. We offer exciting career opportunities in a broad array of fields. Invalid empty value or special character. Averages based on self-reported salaries. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. Posted 02 Mar 2023. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. If you are overcoming hardships, we wanna help! It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. 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. 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. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. 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! This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Salaries posted anonymously by Bain & Company employees in Reading, OH. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. That aims to maximize the chance of entering stage 2. Salary also varies by location, and there can be stark differences from one country to the next. 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. 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. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. Forbidden characters: \. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. The firm advises. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. Learn how this feature works. A comprehensive guide to Bain & Company Salary in 2020! Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. While MBB firms froze salaries, they offered other perks, and there are some differences here. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. The community relies on everyone sharing. 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. 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. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. 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. 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. 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. OneDay @BCG Learn more In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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. "Andrea Orcel is an excellent banker but his pay rise is extreme". technique - and why do banks like it? 8 full cases with solutions (incl. Contact:sbutcher@efinancialcareers.comin the first instance. 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. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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. 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 | All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Well tell you how much you can expect as an entry-level employee. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Until this year, however, pay at the big consulting firmshad been climbing. And the Brain brand is very strong. 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. How much do Bain & Company employees make? 0 Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Generally, the bonus is normally distributed. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. Why consulting? 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. 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 salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Zurich, Switzerland . Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. However, if you have a good rationale for requesting a sign-on bonus you should ask. 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. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. 715 salaries for 117 jobs at Bain & Company in Hurst, England. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. 28 emails packed with tips. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. 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). Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. The salary figures in this article are for those joining management consulting positions in 2023. Bain salary progression is quite steep relative to the corporate world. On top of that, employees are eligible for up to $41,250 in performance bonuses. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. There is some polarity when it comes to work-life balance. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! The estimated total pay for a Consultant at Bain & Company is $245,538 per year. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. bain consultant salary ukrestoration companies near paris. The salary information is posted above, where we note an average base salary of $90,000. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. But compensation is competitive from the beginning. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. 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. At this level, youre expected to leverage your professional network to bring in clients. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Your email address will not be published. This article is updated annually. 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. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Salary negotiation is highly unlikely at these levels. Youll build a powerful network in the process. Bain looks for practical, leadership experience. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Key factors include education/certification, work experience & seniority, and each employees personal profile. 1996-2023 Bain & Company, Inc. bain consultant salary uk. We even created Excel templates and PowerPoint presentations. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Have a confidential story, tip, or comment youd like to share? 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. Some receive only 10% of the potential payout. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Average salary for Bain & Company It Consultant in Crawley: 27,037. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue).
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