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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". COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. The salary trajectory of a Consultant ranges between locations and employers. 1996-2023 Bain & Company, Inc. Access all the online resources you need for success in your case and fit interviews. Have a confidential story, tip, or comment youd like to share? Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Overall, our data shows that there isnt much difference in compensation between firms. Additional pay could include bonus, stock, commission, profit sharing or tips. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 715 salaries for 117 jobs at Bain & Company in Hurst, England. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. As for support stuff (e.g., junior analyst McKinsey salary, junior research analyst McKinsey salary, research analyst McKinsey salary) the salary is usually adjusted downward from the consultant role, which is in line with the lower work and travel demands for non-consulting roles. 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. The Bain salary in other countries varies for obvious reasons. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. 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. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. 2021-Apr. 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. 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 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. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. 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. 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. Find out what salary you could earn at Bain & Company after an MBA or masters degree. 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. Being a shareholder in the partnership obviously comes with benefits on their own. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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 | 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. technique - and why do banks like it? 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. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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. Industry Sector . Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Each promotion to a higher level will also coincide with a salary leap. At Bain, we champion the bold to achieve the extraordinary. Specialist, Consulting Programs. Its on the level of McKinsey or an Ivy League education. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. The most effective case book has arrived! This is a breakdown of management consulting salaries in 2022. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Deloitte Consulting in the UK pays its consultants 91,000. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Consulting salary grows at 5 percent annually on average. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. This article is updated annually. Managers at Bain design and oversee projects for clients. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. On top of that, employees are eligible for up to $41,250 in performance bonuses. Thats not to mention all the add-ons. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. My path to Bain has been interesting. 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. . 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. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. All of those can add up to a nice sum, making competition for these roles extremely competitive. 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. Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster and more. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The estimated base pay is $159,610 per year. The consulting industry has been booming in recent years, and going hard after top talent. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. 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. Their salaries typically start at 55,000 and can be as high as 65,000. This equates to $116,000 in base salary and $53,000 in performance bonuses. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. In this article, lets find out and compare Bain salaries across different positions in 12 countries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Learn about the award and see why employees love working at Bain. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. 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. To improve your skills in all areas of the interview, check out our targeted offers below. The community relies on everyone sharing. At the time, I wondered why other companies hadnt thought of this genius business strategy. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. The estimated base pay is $159,610 per year. 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. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Manager $268K. 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. It's a very interesting job which gives strong basics to problem solving and data analysis, but this often comes with big cons, such as continuous travel and a not-ideal work-life balance. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Was this answer helpful? Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The community relies on everyone sharing. Can you make it happen? 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. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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. 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. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. The salary growth itself is steep as you get promoted. 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. 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. The salary information is posted above, where we note an average base salary of $90,000. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. The article did not discuss the specific tiles that each of the three firms uses. 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). 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Salary negotiation is highly unlikely at these levels. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. 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. 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. Bain Consultant salary (MBA/Experienced-level) 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) 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. 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. 8 full cases with solutions (incl. Averages based on self-reported salaries. bain consultant salary uk. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Some firms offer this as part of their standard package, while others dont. 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. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Jonathan Paul, Associate Consultant #atBain To apply for jobs at Bain, you'll need to submit the following items, plus any requirements specific to the office youre applying for: resume/CV; educational background information; work experience; relevant test scores. 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)! Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. ramona car accident sunday; mountain meadows subdivision Bain salary progression is quite steep relative to the corporate world. 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! Join 90,000+ on the #1 consulting prep channel! A Bain consultant salary is one of the most competitive in the management consulting industry. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Average salary for Bain & Company Consultant I in Crete: US$192,000. Strategy consulting firms spent a lot on pay. Associate Consultant $118K. 73% of these revenues were spent on pay. Know Your Worth. New hires can expect relocation support payments between USD 2k and 10k. Accounts recently filed by Bain & Co. Inc.for the year ending December 2020 show that Bain's UK entity earned243m($327m) in revenues last year, up from 198m in 2019. While MBB firms froze salaries, they offered other perks, and there are some differences here. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The exact size of this payment is driven by the role and distance of the relocation. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Our model gets smarter over time as more people share salaries on Glassdoor. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Junior partners or non-equity partners would make USD ~350k and young partners start at around USD 700k per year, both with more than 50% of their salary being variable based on a combination of their performance and their firms performance. However, if you have a good rationale for requesting a sign-on bonus you should ask. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Learn how much management consultants make based on the firm and their experience level. But theres no single answer to the question of what a Bain salary is, of course. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Yet, top performers can rise to $220,000 at the high end. ), and one-time work-from-home bonuses have become more common. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. 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. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. 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). 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. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. Lets compare the entry level salaries between both countries. Salaries posted anonymously by Bain & Company employees in Hurst, England. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. 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. As well as Bain consultant salary benefits, careers at Bain come with many perks. The estimated additional pay is $85,928 per year. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Some receive only 10% of the potential payout. f you want to work for thetop three consulting firmsthen theres not much in it. 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. The median compensation package totals $185K. 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. Extraordinary Outcomes. 20227 Monate. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Apply Today. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Consulting Based on 462 salaries Consultant 170 salaries Associate Consultant 147 salaries View More Business Based on 82 salaries Manager 41 salaries Senior Manager 20 salaries Holy crap. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Jonathan Paul, Associate Consultant #atBain