bain consultant salary uk

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. The salary figures in this article are for those joining management consulting positions in 2023. bain consultant salary ukrestoration companies near paris. Strategy consulting firms spent a lot on pay. Contact:sbutcher@efinancialcareers.comin the first instance. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. 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. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. But compensation is competitive from the beginning. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? To improve your skills in all areas of the interview, check out our targeted offers below. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Was this answer helpful? The salary information is posted above, where we note an average base salary of $90,000. Learn how much management consultants make based on the firm and their experience level. Average salaries for Bain and Company Consultant: [salary]. Required fields are marked *. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The significant difference also holds true for new hires with an MBA or PhD. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. technique - and why do banks like it? . 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. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. These aren't remotely accurate and aren't even the correct job titles. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Read more about Consulting Salaries For MBA & Masters Graduates. 28 emails packed with tips. 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 lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. And find the best graduate job opportunities on Bright Network. 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. Key factors include education/certification, work experience & seniority, and each employees personal profile. They are slightly higher for 2020. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Well tell you how much you can expect as an entry-level employee. Get a free, personalized salary estimate based on today's job market. Extraordinary Outcomes. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Yet, top performers can rise to $220,000 at the high end. Overall, our data shows that there isnt much difference in compensation between firms. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 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. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 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. 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 -. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). The community relies on everyone sharing. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Bain promotes top performers faster and rewards them better than at other firms. Looking for the best preparation to ace your case interviews? Anonymously share your salary to help the community, Averages based on self-reported salaries. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, 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), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. Access all the online resources you need for success in your case and fit interviews. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. If you are overcoming hardships, we wanna help! The salary trajectory of a Consultant ranges between locations and employers. Florian spent 5 years with McKinsey as a senior consultant. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. 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)! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Why consulting? The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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 this article, lets find out and compare Bain salaries across different positions in 12 countries. 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. ), and one-time work-from-home bonuses have become more common. 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. 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. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. And if you happen to thrive in a challenging but supportive environment like Bains, you could easily see your Bain and Company salary rise to truly staggering figures as you advance along the promotion schedule. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Employees maintain this role for 6-24 months before rising to the level of Consultant. Salaries posted anonymously by Bain & Company employees in Reading, OH. If youre considering a career in management consulting, especially at a top firm like Bain and Company, youve probably been attracted to the competitive salaries offered in this field. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Management Consultant. 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). Salary negotiation is highly unlikely at these levels. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Learn about the award and see why employees love working at Bain. 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. Competition for talent is high, and it has driven salaries up. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? At McKinsey, the figure remains at $45,000. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 2021-Apr. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Your input helps Glassdoor refine our pay estimates over time. How much do Bain & Company employees make? Read Jonathan Paul's full story! Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! These employees in the US earned an average base salary of $165,000 a year. 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. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Bain Associate Consultant 52,271/yr Avg. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. The exact size of this payment is driven by the role and distance of the relocation. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Manager $268K. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Averages based on self-reported salaries. Salary 28.00ph - 38.00ph +holiday pay . The median compensation package totals $185K. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Their salaries typically start at 55,000 and can be as high as 65,000. What does it take to be a Bain management consultant? 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 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. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. After two years as a Consultant, employees who remain with the company and perform well are promoted to Case Team Leader for another two years. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. 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. Are you an impact player? Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 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 Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 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. Learn how much management consultants make based on the firm and their experience level. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. 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 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. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. 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. These employees earn an average base salary of $165,000 a year to start. They will usually remain at that level for up to two years. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Master's-level graduates get offered around $112,000 in base salary at Bain. McKinsey and BCG pay 90,000 and 93,000 respectively. The estimated base pay is $159,610 per year. At this level, youre expected to leverage your professional network to bring in clients. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. ), 2023 eFinancialCareers - All rights reserved. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. There is some flexibility to this schedule in comparison with some other top consulting firms. Know Your Worth. This equates to $116,000 in base salary and $53,000 in performance bonuses. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. But theres no single answer to the question of what a Bain salary is, of course. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. 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. However, if you have a good rationale for requesting a sign-on bonus you should ask. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. Some receive only 10% of the potential payout. Bain's consultant salary in the UK is the highest out of the three at 97,000. 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. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. I was going to help people solve problems. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Though the full bonus isnt guaranteed. This article is updated annually. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Audience: All students Location: Statler 185 Learn More Mar 06 At Bain, we champion the bold to achieve the extraordinary. 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;. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. 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)! After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Bain salary progression is quite steep relative to the corporate world. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Generally, the bonus is normally distributed. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . My path to Bain has been interesting. Invalid empty value or special character. 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. 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. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Jonathan Paul, Associate Consultant #atBain Yet, top performers can rise to $220,000 at the high end. 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. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Well also take a look at the nature of the career path at Bain, as well as employee reviews. ramona car accident sunday; mountain meadows subdivision Lets compare the entry level salaries between both countries. 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! Private Equity / VC Jobs verfgbar bei eFinancialCareers. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. These numbers are just starting salaries. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. What is the S.T.A.R. Associate Consultant Bain & Company Dec 2022 - Present4 months Article Trainee KNAV Sep 2019 - Sep 20223 years 1 month Mumbai Education The Institute of Chartered Accountants of India - 2018 -. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The Bain salary in other countries varies for obvious reasons. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. MBA hires at Bain get PTO vacation of 25 days per year. How much do Bain & Company employees make? Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Also, certain employees will earn a different actual base for a variety of reasons. Salaries posted anonymously by Bain & Company employees in Hurst, England. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Each promotion to a higher level will also coincide with a salary leap. 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. Bain only hires motivated, intelligent, creative, and highly competent people. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). The figures are drawn from Management Consulted. 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. For new MBA graduates basic salaries are between 80,000 and 90,000. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. 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. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. 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. 0 Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Bain Manager Salary Managers at Bain design and oversee projects for clients. However, still more employees claim that this is at best a dream for most employees, who often struggle to maintain this balance in actual practice. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Lets take a look at how the Bain consultant salary varies by role. 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. The estimated total pay for a Consultant at Bain & Company is $245,538 per year.

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