Bain Associate Consultant 52,271/yr Avg. Are you an impact player? Specialist, Consulting Programs. 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. The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. 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. 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). Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. My path to Bain has been interesting. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. 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 Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Well also take a look at the nature of the career path at Bain, as well as employee reviews. Learn more Apply Now However, if you have a good rationale for requesting a sign-on bonus you should ask. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. There is also some variance over the size of relocation packages, with Bain being the most generous. 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 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. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Eventually it will unless its offensive or libelous (in which case it wont.). The estimated base pay is $159,610 per year. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. 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). McKinsey and BCG pay 90,000 and 93,000 respectively. Being a shareholder in the partnership obviously comes with benefits on their own. Overall, our data shows that there isnt much difference in compensation between firms. We even created Excel templates and PowerPoint presentations. 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. Bain just increased paternal leaves (all genders) to 21 weeks. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Yet, top performers can rise to $220,000 at the high end. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. 20227 Monate. Average salary for Bain & Company Management Consultant in Maldon: 96,081. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Contact:sbutcher@efinancialcareers.comin the first instance. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. 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. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. This equates to $116,000 in base salary and $53,000 in performance bonuses. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Access all the online resources you need for success in your case and fit interviews. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. 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. Salary 28.00ph - 38.00ph +holiday pay . To improve your skills in all areas of the interview, check out our targeted offers below. Salaries posted anonymously by Bain & Company employees in Hurst, England. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. New hires can expect relocation support payments between USD 2k and 10k. But compensation is competitive from the beginning. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 73% of these revenues were spent on pay. 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. 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. 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. 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. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. McKinsey also offers to pay 50% of MBA tuition for returning interns. 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. Our model gets smarter over time as more people share salaries on Glassdoor. Read more about Consulting Salaries For MBA & Masters Graduates. What is the S.T.A.R. 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. 715 salaries for 117 jobs at Bain & Company in Hurst, England. The figures are drawn from Management Consulted. Salary negotiation is highly unlikely at these levels. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Learn how much management consultants make based on the firm and their experience level. That aims to maximize the chance of entering stage 2. ), 2023 eFinancialCareers - All rights reserved. Until this year, however, pay at the big consulting firmshad been climbing. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Download resume templates and watch in-depth, step-by-step resume advice videos. 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. Help make it more accurate by adding yours. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Download our full salary and bonus survey here. 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. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 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. 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. 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. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Bain's consultant salary in the UK is the highest out of the three at 97,000. Average salary for Bain & Company Consultant I in Crete: US$192,000. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Find Jobs ETR: Careers. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. 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. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 1996-2023 Bain & Company, Inc. A Bain associate principal salary sits at around $275-to-$350,000, while Bain partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. But theres no single answer to the question of what a Bain salary is, of course. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. In 2021, all three BBM firms were only paying $90k salaries. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The community relies on everyone sharing. Florian spent 5 years with McKinsey as a senior consultant. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. ramona car accident sunday; mountain meadows subdivision The community relies on everyone sharing. Read Jonathan Paul's full story! The community relies on everyone sharing. For new MBA graduates basic salaries are between 80,000 and 90,000. These aren't remotely accurate and aren't even the correct job titles. 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. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Additional pay could include bonus, stock, commission, profit sharing or tips. Zurich, Switzerland . Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. The most effective case book has arrived! 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. 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. 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. Bain Manager Salary Managers at Bain design and oversee projects for clients. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. 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! Apply Today. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. 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. The estimated base pay is $159,610 per year. Bain Consultants in the US can make up to $226,500 each year, with $165,000 from base salary, $41,500 from bonuses, and $20,000 from shared profits. ), and one-time work-from-home bonuses have become more common. 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 looks for practical, leadership experience. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Forbidden characters: \. And the Brain brand is very strong. The median compensation package totals $185K. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Jonathan Paul, Associate Consultant #atBain The article did not discuss the specific tiles that each of the three firms uses. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. 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. Bonuses are typically based on individual performance at McKinsey, BCG, and Bain unless the consultant has only been at the firm for less than a year, in which case a standard amount if given to everyone at this level. Eventually it will unless its offensive or libelous (in which case it wont. Bain only hires motivated, intelligent, creative, and highly competent people. 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. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. PwC UK pays Consultants a nice 85,000/year. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. bain consultant salary uk. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Learn about the award and see why employees love working at Bain. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. 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. 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. 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. Yet, top performers can rise to $220,000 at the high end. bain consultant salary ukrestoration companies near paris. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Required fields are marked *. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Some firms offer this as part of their standard package, while others dont. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. Well tell you how much you can expect as an entry-level employee.