What is the S.T.A.R. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. A Bain consultant salary is one of the most competitive in the management consulting industry. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 73% of these revenues were spent on pay. The salary information is posted above, where we note an average base salary of $90,000. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" PwC UK pays Consultants a nice 85,000/year. The figures are drawn from Management Consulted. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. 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. Average salary for Bain & Company Consultant I in Crete: US$192,000. Their salaries typically start at 55,000 and can be as high as 65,000. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Only 1% of candidates receive consulting offers from Bain & Company. Salary 28.00ph - 38.00ph +holiday pay . At the time, I wondered why other companies hadnt thought of this genius business strategy. 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). 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. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. We even created Excel templates and PowerPoint presentations. 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. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. My path to Bain has been interesting. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. Industry Sector . We even created Excel templates and PowerPoint presentations. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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 Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Why consulting? Was this answer helpful? Generally, the bonus is normally distributed. 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. 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. Download our full salary and bonus survey here. Learn about the award and see why employees love working at Bain. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? 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. Additional pay could include bonus, stock, commission, profit sharing or tips. technique - and why do banks like it? 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. Learn how this feature works. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Learn more Apply Now New hires can expect relocation support payments between USD 2k and 10k. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. 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 average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. The salary trajectory of a Consultant ranges between locations and employers. 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. Read more about Consulting Salaries For MBA & Masters Graduates. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. 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! The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. They will usually remain at that level for up to two years. 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. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. A comprehensive guide to Bain & Company Salary in 2020! Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. 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. Overall, our data shows that there isnt much difference in compensation between firms. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Looking for the best preparation to ace your case interviews? 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. Senior Associate Consultant $137K. 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 -. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Access all the online resources you need for success in your case and fit interviews. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Consulting salary grows at 5 percent annually on average. 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. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Average salary for Bain & Company Management Consultant in Maldon: 96,081. 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. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. The community relies on everyone sharing. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. What does it take to be a Bain management consultant? Average salaries for Bain and Company Consultant: [salary]. Jonathan Paul, Associate Consultant #atBain U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Find thousands of job opportunities by signing up to eFinancialCareers today. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Consultant $202K. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Yoeun Yoon Senior Manager Seoul Vicky Sun Manager Beijing Annie Medaglia Associate Partner Washington, DC Jake Mitchell Consultant San Francisco SEE MORE PROFILES Bold Thinking. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. When you rise to this level, your Bain and Company consultant salary averages $188,000 a 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. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Our model gets smarter over time as more people share salaries on Glassdoor. The exact size of this payment is driven by the role and distance of the relocation. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Lets compare the entry level salaries between both countries. 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. Yet, top performers can rise to $220,000 at the high end. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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. 0 Know Your Worth. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Across 64 cities in 39 countries, we work alongside our clients as one team with a. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). That aims to maximize the chance of entering stage 2. These aren't remotely accurate and aren't even the correct job titles. Bain looks for practical, leadership experience. If there is any room for negotiation it will be with the sign-on bonus. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Any update on the Mck comp. 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. 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.