Bain salary progression is quite steep relative to the corporate world. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. There is also some variance over the size of relocation packages, with Bain being the most generous. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Access all the online resources you need for success in your case and fit interviews. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 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. 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. Bain & Company Salaries trends. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. New hires can expect relocation support payments between USD 2k and 10k. The average Bain & Company salary ranges from approximately $38,943 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. ), and one-time work-from-home bonuses have become more common. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Specialist, Consulting Programs. 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. Competition for talent is high, and it has driven salaries up. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. What is the S.T.A.R. Again, there are some nuances when it comes to perks for MBA and PhD hires. Looking for the best preparation to ace your case interviews? The community relies on everyone sharing. Masters-level graduates get offered around $112,000 in base salary at Bain. Zurich, Switzerland . Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Eventually it will unless its offensive or libelous (in which case it wont. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). out of network benefits, fertility benefits, best - culture is that people take their vacation. FlashFash). 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. Greenwich Partners, London, Vereinigtes Knigreich Job: Bewerben Sie sich fr Investment associates x 2 , European Private Equity Fund - MBA level Strategy Consultants sought from firms like McKinsey, Bain and BCG in Greenwich Partners, London, Vereinigtes Knigreich. However, if you have a good rationale for requesting a sign-on bonus you should ask. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 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. 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. You can expect the salary progression of the top 3 firms to look similar to the chart below. 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)! Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! 73% of these revenues were spent on pay. The estimated base pay is $159,610 per year. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. f you want to work for thetop three consulting firmsthen theres not much in it. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Office: Washington, D.C. To improve your skills in all areas of the interview, check out our targeted offers below. Jonathan Paul, Associate Consultant #atBain The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Extraordinary Outcomes. Contact:sbutcher@efinancialcareers.comin the first instance. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. 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. Senior Associate Consultant $137K. 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. 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. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. 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. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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;. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. Until this year, however, pay at the big consulting firmshad been climbing. 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). McKinsey also offers to pay 50% of MBA tuition for returning interns. 0 Was this answer helpful? 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. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Plus sample case and fit interview videos. 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. 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. 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. But theres no single answer to the question of what a Bain salary is, of course. Master's-level graduates get offered around $112,000 in base salary at Bain. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. That aims to maximize the chance of entering stage 2. My path to Bain has been interesting. 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. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Read Jonathan Paul's full story! The community relies on everyone sharing. Get a free, personalized salary estimate based on today's job market. Well tell you how much you can expect as an entry-level employee. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor!
