28 emails packed with tips. The community relies on everyone sharing. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. The community relies on everyone sharing. 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. 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. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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. Strategy consulting firms spent a lot on pay. Consultant $202K. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. This is comparatively high compared to graduate salaries in most other fields. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. 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 is a lot of room for growth at Bain, both in terms of role and in terms of growth above your Bain starting salary. OneDay @BCG Learn more technique - and why do banks like it? Senior Associate Consultant $137K. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Being a shareholder in the partnership obviously comes with benefits on their own. I was going to help people solve problems. 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. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Your email address will not be published. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. They are slightly higher for 2020. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Across 64 cities in 39 countries, we work alongside our clients as one team with a. "Andrea Orcel is an excellent banker but his pay rise is extreme". Jonathan Paul, Associate Consultant #atBain .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. These employees in the US earned an average base salary of $165,000 a year. 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. Have a confidential story, tip, or comment youd like to share? Each promotion to a higher level will also coincide with a salary leap. 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). At McKinsey, the figure remains at $45,000. 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. Average salaries for Bain and Company Consultant: [salary]. And find the best graduate job opportunities on Bright Network. 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. technique - and why do banks like it? The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. 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. Youll build a powerful network in the process. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. The article did not discuss the specific tiles that each of the three firms uses. out of network benefits, fertility benefits, best - culture is that people take their vacation. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Manager $268K. However, if you have a good rationale for requesting a sign-on bonus you should ask. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Read more about Consulting Salaries For MBA & Masters Graduates. 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. Know Your Worth. Competition for talent is high, and it has driven salaries up. Entdecken Personen E-Learning . The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Industry Sector . ), 2023 eFinancialCareers - All rights reserved. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Let us know if you spot any inconsistencies in our data. He started StrategyCase.com with the goal to make top-tier consulting firms more accessible for top talent, using tailored and up-to-date know-how about their recruiting. 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. Overall, our data shows that there isnt much difference in compensation between firms. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. Salaries posted anonymously by Bain & Company employees in Reading, OH. Join 90,000+ on the #1 consulting prep channel! The pension funds can also be managed by McKinseys internal hedge fund, which has a great performance track record and includes investment vehicles not typically accessible to the general public. On top of that, employees are eligible for up to $41,250 in performance bonuses. The salary information is posted above, where we note an average base salary of $90,000. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. We can help you get your desired MBB consulting offer. Read Jonathan Paul's full story! Looking for the best preparation to ace your case interviews? 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. Any update on the Mck comp. . 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. My path to Bain has been interesting. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. The average Bain Partner Salary is in the neighborhood of $322,000 per year! At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Learn about the award and see why employees love working at Bain. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Masters-level graduates get offered around $112,000 in base salary at Bain. As well as Bain consultant salary benefits, careers at Bain come with many perks. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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.
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