These numbers are just starting salaries. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Posted 02 Mar 2023. Some firms offer this as part of their standard package, while others dont. Learn about the award and see why employees love working at Bain. 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). Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Bain & Company 3 years 8 months Consultant Mar 2023 - Present1 month Denver, Colorado, United States Senior Associate Consultant Jun 2022 - Mar 202310 months Denver, Colorado, United States -. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. This is a breakdown of management consulting salaries in 2022. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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;. However, if you have a good rationale for requesting a sign-on bonus you should ask. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Contact:sbutcher@efinancialcareers.comin the first instance. What is the S.T.A.R. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. How much do Bain & Company employees make? Office: Washington, D.C. The estimated base pay is $159,610 per year. Are you an impact player? Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. 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. 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. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Salary negotiation is highly unlikely at these levels. 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). 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). The salary figures in this article are for those joining management consulting positions in 2023. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Bain Consultant salary (MBA/Experienced-level) Base: $165,000 (UK: 86,000, Canada: CA$160,000, India: 3,500,000, Germany: 103,000) Performance Bonus: up to $41,250 (UK: up to 20,000, India: 770,000, Germany: 25,000) Profit Sharing: up to $20,000 (UK: 6,000, Canada: CA$20,000) Retirement: 401k contribution up to $8,000 (UK: 10,000) 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. 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. What is the S.T.A.R. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. ), and one-time work-from-home bonuses have become more common. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? We even created Excel templates and PowerPoint presentations. bain consultant salary uk 2021 . Master's-level graduates get offered around $112,000 in base salary at Bain. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, Base: $165,000 (UK: 86,000, Canada: CA$160,000, India: 3,500,000, Germany: 103,000), Performance Bonus: up to $41,250 (UK: up to 20,000, India: 770,000, Germany: 25,000), Profit Sharing: up to $20,000 (UK: 6,000, Canada: CA$20,000), Retirement: 401k contribution up to $8,000 (UK: 10,000), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. 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. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. 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. There is some polarity when it comes to work-life balance. Yet, top performers can rise to $220,000 at the high end. Strategy consulting firms spent a lot on pay. Accounts recently filed by Bain & Co. Inc. for the year ending December 2020 show that Bain's UK entity earned 243m ($327m) in revenues last year, up from 198m in 2019. A Bain consultant salary is one of the most competitive in the management consulting industry. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain Associate Consultant Salary in 8 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Total Pay 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. 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. 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. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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. Specialist, Consulting Programs. We offer exciting career opportunities in a broad array of fields. Well tell you how much you can expect as an entry-level employee. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Forbidden characters: \. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst The salary information is posted above, where we note an average base salary of $90,000. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year. 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)! ), 2023 eFinancialCareers - All rights reserved. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. 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. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). The estimated base pay is $159,610 per year. While MBB firms froze salaries, they offered other perks, and there are some differences here. bain consultant salary uk. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. . Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. 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. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus This is comparatively high compared to graduate salaries in most other fields. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Access all the online resources you need for success in your case and fit interviews. "Andrea Orcel is an excellent banker but his pay rise is extreme". 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. I was going to help people solve problems. Find out what salary you could earn at Bain & Company after an MBA or masters degree. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Read what they think about their salaries on our Compensation FAQ page for , 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.