Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Bain & Company Salaries trends. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. 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. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. How to Decide Between Bain and McKinsey When you have the good fortune of deciding between two offers at top consulting firms, there's really no wrong choice. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Extraordinary Outcomes. The figures are drawn from Management Consulted. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Was this answer helpful? An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. The community relies on everyone sharing. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. As well as Bain consultant salary benefits, careers at Bain come with many perks. OneDay @BCG Learn more Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 1996-2023 Bain & Company, Inc. bain consultant salary ukrestoration companies near paris. . 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Find Jobs ETR: Careers. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. However, if you have a good rationale for requesting a sign-on bonus you should ask. 73% of these revenues were spent on pay. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. 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. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Download our full salary and bonus survey here. Masters-level graduates get offered around $112,000 in base salary at Bain. The article did not discuss the specific tiles that each of the three firms uses. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Entdecken Personen E-Learning . But compensation is competitive from the beginning. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Learn more Apply Now The salary trajectory of a Consultant ranges between locations and employers. Any update on the Mck comp. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Bain Associate Consultants in the US can make up to $242,000 each year, with $175,000 from base salary, $37,000 from bonuses, and $30,000 from shared profits. Specialist, Consulting Programs. 8 full cases with solutions (incl. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. These employees in the US earned an average base salary of $165,000 a year. Required fields are marked *. 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. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. At the time, I wondered why other companies hadnt thought of this genius business strategy. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Know Your Worth. Additional pay could include bonus, stock, commission, profit sharing or tips. MBA hires at Bain get PTO vacation of 25 days per year. Your input helps Glassdoor refine our pay estimates over time. Each promotion to a higher level will also coincide with a salary leap. Bain Manager Salary Managers at Bain design and oversee projects for clients. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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 practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Lets compare the entry level salaries between both countries. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. What is the S.T.A.R. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. A Bain consultant salary is one of the most competitive in the management consulting industry. I was going to help people solve problems. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. The estimated base pay is $159,610 per year. Our model gets smarter over time as more people share salaries on Glassdoor. In 2021, all three BBM firms were only paying $90k salaries. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. The consulting industry has been booming in recent years, and going hard after top talent. 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. This is a breakdown of management consulting salaries in 2022. That aims to maximize the chance of entering stage 2. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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. Strategy consulting firms spent a lot on pay. 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. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. We even created Excel templates and PowerPoint presentations. Read more about Consulting Salaries For MBA & Masters Graduates. Related Searches:All Consultant Salaries|All Bain & Company Salaries. The community relies on everyone sharing. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Competition for talent is high, and it has driven salaries up. Also, certain employees will earn a different actual base for a variety of reasons. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. The estimated additional pay is $85,928 per year. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. If you are overcoming hardships, we wanna help! Learn about the award and see why employees love working at Bain. These employees earn an average base salary of $165,000 a year to start. 0 Well also take a look at the nature of the career path at Bain, as well as employee reviews. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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 -. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Average salary for Bain & Company Management Consultant in Maldon: 96,081. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. Average salaries for Bain and Company Consultant: [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. There is some flexibility to this schedule in comparison with some other top consulting firms. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. But an increasing number of boutique firms are appearing on the stage with traditional players. 3 salaries for 3 jobs at Bain & Company in Reading, OH. f you want to work for thetop three consulting firmsthen theres not much in it. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Learn how much management consultants make based on the firm and their experience level. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. To improve your skills in all areas of the interview, check out our targeted offers below. At Bain, we champion the bold to achieve the extraordinary. ), and one-time work-from-home bonuses have become more common. Its on the level of McKinsey or an Ivy League education. 2021-Apr. 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. 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. 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. Generally, the bonus is normally distributed. 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. You can expect the salary progression of the top 3 firms to look similar to the chart below. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Read Jonathan Paul's full story! If there is any room for negotiation it will be with the sign-on bonus. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. . 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). 2022 MConsultingPrep | Intellectual Property protected by DMCA. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The estimated base pay is $159,610 per year. 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. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Invalid empty value or special character. There is some polarity when it comes to work-life balance. Bain promotes top performers faster and rewards them better than at other firms. The most effective case book has arrived! technique - and why do banks like it? Bain recruits MBA and masters level consultants from top US business schools including Harvard, Wharton, and Stanford as well as schools outside the US like INSEAD, HEC Paris, and London Business School. Boston Consulting Group (BCG) Total compensation: up to US$206,250 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. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Bain & Company Salaries How much do Bain & Company employees make? Some related job titles areEntry Level Consultant salaries with median pay of $50,394,Senior Consultant salaries with median pay of $123,519,Associate Consultant salaries with median pay of $89,060,Business Analyst salaries with median pay of $82,032. 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.
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