Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The community relies on everyone sharing. 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 -. Lets take a look at how the Bain consultant salary varies by role. Contact:sbutcher@efinancialcareers.comin the first instance. In this article, lets find out and compare Bain salaries across different positions in 12 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! also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. 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. Any update on the Mck comp. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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. 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. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. 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. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain's consultant salary in the UK is the highest out of the three at 97,000. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. technique - and why do banks like it? The firm advises. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. He ranks as the most successful consulting case and fit interview coach, generating more than 420 offers with MBB, tier-2 firms, Big 4 consulting divisions, in-house consultancies, and boutique firms through direct coaching of his clients over the last 3 years. 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 offers relocation of $5,000, a housing allowance of up to $5,000 along with 20 days paid time off (PTO) vacation per year. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Specialist, Consulting Programs. Bain & Company Salaries How much do Bain & Company employees make? Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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;. Apply Today. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Your email address will not be published. . The salary information is posted above, where we note an average base salary of $90,000. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. Bain & Company Salaries trends. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Bain recruits MBA and masters level consultants from top US business schools including Harvard, Wharton, and Stanford as well as schools outside the US like INSEAD, HEC Paris, and London Business School. If there is any room for negotiation it will be with the sign-on bonus. 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. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. 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). Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Yet, top performers can rise to $220,000 at the high end. 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. To improve your skills in all areas of the interview, check out our targeted offers below. 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. technique - and why do banks like it? An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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 this feature works. What is the S.T.A.R. out of network benefits, fertility benefits, best - culture is that people take their vacation. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. That aims to maximize the chance of entering stage 2. Get a free, personalized salary estimate based on today's job market. Senior Associate Consultant $137K. Thats not to mention all the add-ons. Learn how much management consultants make based on the firm and their experience level. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. OneDay @BCG Learn more Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Youll build a powerful network in the process. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Additional pay could include bonus, stock, commission, profit sharing or tips. Download our full salary and bonus survey here. In terms of living costs and compared to the average salaries, countries like Germany come out on top. In 2021, all three BBM firms were only paying $90k salaries. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients.