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! Some firms offer this as part of their standard package, while others dont. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. In this article, lets find out and compare Bain salaries across different positions in 12 countries. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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. Learn about the award and see why employees love working at Bain. 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) Entdecken Personen E-Learning . All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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. The community relies on everyone sharing. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. 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. Average salaries for Bain and Company Consultant: [salary]. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 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. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. 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. 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. This article is updated annually. Was this answer helpful? 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. At McKinsey, the figure remains at $45,000. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The community relies on everyone sharing. Strategy consulting firms spent a lot on pay. 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. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Audience: All students Location: Statler 185 Learn More Mar 06 1996-2023 Bain & Company, Inc. 2022 MConsultingPrep | Intellectual Property protected by DMCA. McKinsey also offers to pay 50% of MBA tuition for returning interns. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Employees maintain this role for 6-24 months before rising to the level of Consultant. 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Are you an impact player? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Jonathan Paul, Associate Consultant #atBain Bain just increased paternal leaves (all genders) to 21 weeks. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Our offices in London are conveniently located a stone's throw from the vibrant Soho area and within the East London business district of Canary Wharf. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Average salary for Bain & Company Management Consultant in Maldon: 96,081. 0 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. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Learn how much management consultants make based on the firm and their experience level. Senior Associate Consultant $137K. Generally, the bonus is normally distributed. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. 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. Key factors include education/certification, work experience & seniority, and each employees personal profile. Thats not to mention all the add-ons. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Bain Associate Consultant 52,271/yr Avg. Why consulting? 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. Know Your Worth. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). These numbers are just starting salaries. Well tell you how much you can expect as an entry-level employee. All of those can add up to a nice sum, making competition for these roles extremely competitive. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Holy crap. 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. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Managers at Bain design and oversee projects for clients. Our model gets smarter over time as more people share salaries on Glassdoor. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. And find the best graduate job opportunities on Bright Network. Competition for talent is high, and it has driven salaries up. Some receive only 10% of the potential payout. The average salary for a Consultant is $70,432 per year in United States, which is 71% lower than the average Bain & Company salary of $245,538 per year for this job. 20227 Monate. The community relies on everyone sharing. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. out of network benefits, fertility benefits, best - culture is that people take their vacation. Management Consultant. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. ramona car accident sunday; mountain meadows subdivision The estimated base pay is $159,610 per year. 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)! The article did not discuss the specific tiles that each of the three firms uses. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Eventually it will unless its offensive or libelous (in which case it wont.). New hires can expect relocation support payments between USD 2k and 10k. f you want to work for thetop three consulting firmsthen theres not much in it. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. At the time, I wondered why other companies hadnt thought of this genius business strategy. Boston Consulting Group (BCG) Total compensation: up to US$206,250 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. Bain salary progression is quite steep relative to the corporate world. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? There is some flexibility to this schedule in comparison with some other top consulting firms. At the time, I wondered why other companies hadnt thought of this genius business strategy. 2021-Apr. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. 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)! Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? bain consultant salary uk. This equates to $116,000 in base salary and $53,000 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. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. PwC UK pays Consultants a nice 85,000/year. How much do consultants at McKinsey, BCG, and Bain make (in USD)? The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner.