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. ), and one-time work-from-home bonuses have become more common. Stage 3 Fit Interview & Case Interview: Check out 2 articles Bain Fit Interview and Bain Case Interview to have a clearer idea of what you may expect during your application. What does it take to be a Bain management consultant? Overall, our data shows that there isnt much difference in compensation between firms. 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. OneDay @BCG Learn more Bain & Company Salaries trends. Signing bonuses across all three firms remain at $30,000. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. bain consultant salary uk. 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, 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The estimated additional pay is $85,928 per year. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 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. 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. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 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 employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. The figures are drawn from Management Consulted. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Any update on the Mck comp. 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. The estimated base pay is $159,610 per year. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Learn more Apply Now 73% of these revenues were spent on pay. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. Associate Consultant $118K. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Learn how this feature works. At McKinsey, the figure remains at $45,000. Eventually it will unless its offensive or libelous (in which case it wont.). Yet, top performers can rise to $220,000 at the high end. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Manager $268K. 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. Can you make it happen? Competition for talent is high, and it has driven salaries up. 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. Help make it more accurate by adding yours. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. McKinsey also offers to pay 50% of MBA tuition for returning interns. 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. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus 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. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. Key factors include education/certification, work experience & seniority, and each employees personal profile. Find thousands of job opportunities by signing up to eFinancialCareers today. A Bain consultant salary is one of the most competitive in the management consulting industry. Bain promotes top performers faster and rewards them better than at other firms. 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). This is comparatively high compared to graduate salaries in most other fields. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. The salary trajectory of a Consultant ranges between locations and employers. Jonathan Paul, Associate Consultant #atBain Why consulting? BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Bain salary progression is quite steep relative to the corporate world. Download our full salary and bonus survey here. These numbers are just starting salaries. 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. 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Well also take a look at the nature of the career path at Bain, as well as employee reviews. 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 is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. My path to Bain has been interesting. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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. 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. 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. 1996-2023 Bain & Company, Inc. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Also, certain employees will earn a different actual base for a variety of reasons. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Required fields are marked *. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. "Andrea Orcel is an excellent banker but his pay rise is extreme". 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. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. 20227 Monate. 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 average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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. I was going to help people solve problems. You can expect the salary progression of the top 3 firms to look similar to the chart below. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Consulting also has a fast career progression and meritocratic pay, which means that top performers stand to gain a high sum in a comparatively short period of time. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. My path to Bain has been interesting. The firm advises. 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Overall, if you want to work for thetop three consulting firmsthen theres not much in it. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Healthcare M&A Associate - Leading Elite Boutique IB, Analyst/Associate, Infrastructure M&A and Debt Advisory, "Andrea Orcel is an excellent banker but his pay rise is extreme". Industry Sector . The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm.