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. The estimated additional pay is $85,928 per year. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Youll build a powerful network in the process. 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)! Average salary for Bain & Company Consultant I in Crete: US$192,000. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Bain wants to know what impact youve made in your role, rather than what youre responsible for. They are slightly higher for 2020. 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 8 full cases with solutions (incl. These numbers are just starting salaries. ramona car accident sunday; mountain meadows subdivision MBA hires at Bain get PTO vacation of 25 days per year. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. 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. Audience: All students Location: Statler 185 Learn More Mar 06 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. Bain promotes top performers faster and rewards them better than at other firms. 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. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Why consulting? 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. 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. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. Read Jonathan Paul's full story! Its one of the benefits of consulting but it is in line with other top-tier consulting firms. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. The salary figures in this article are for those joining management consulting positions in 2023. Boston Consulting Group (BCG) Total compensation: up to US$206,250 The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Holy crap. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. 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. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. FlashFash). Our model gets smarter over time as more people share salaries on Glassdoor. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. 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. This is comparatively high compared to graduate salaries in most other fields. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Lets take a look at how the Bain consultant salary varies by role. bain consultant salary uk 2021 . However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. 2021-Apr. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Forbidden characters: \. These employees earn an average base salary of $165,000 a year to start. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Overall, our data shows that there isnt much difference in compensation between firms. 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. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Salary negotiation is highly unlikely at these levels. At Bain, we champion the bold to achieve the extraordinary. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. In this article, lets find out and compare Bain salaries across different positions in 12 countries. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. While MBB firms froze salaries, they offered other perks, and there are some differences here. 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. Get a free, personalized salary estimate based on today's job market. Any update on the Mck comp. 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 discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Anonymously share your salary to help the community, Averages based on self-reported salaries. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Learn about the award and see why employees love working at Bain. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Download resume templates and watch in-depth, step-by-step resume advice videos. 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. Lets compare the entry level salaries between both countries. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You can expect the salary progression of the top 3 firms to look similar to the chart below. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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 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. Required fields are marked *. technique - and why do banks like it? Access all the online resources you need for success in your case and fit interviews. Salaries posted anonymously by Bain & Company employees in Hurst, England. My path to Bain has been interesting. What does it take to be a Bain management consultant? Key factors include education/certification, work experience & seniority, and each employees personal profile. Bain & Company Salaries trends. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Consultant $202K. 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. ), 2023 eFinancialCareers - All rights reserved. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. These aren't remotely accurate and aren't even the correct job titles. Bain Principals and Partners in the US can make up to $1,000,000 each year, with $400,000 from base salary, and $600,000 from bonuses. 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. 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). Learn more Apply Now The estimated base pay is $159,610 per year. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. But if you work for one, you'll earn a lot less on average than if you work for an investment bank.