Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. 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. ), 2023 eFinancialCareers - All rights reserved. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Zurich, Switzerland . The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. And the Brain brand is very strong. Each promotion to a higher level will also coincide with a salary leap. In this article, lets find out and compare Bain salaries across different positions in 12 countries. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. 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. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. 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. Competition for talent is high, and it has driven salaries up. But compensation is competitive from the beginning. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The salary figures in this article are for those joining management consulting positions in 2023. Learn about the award and see why employees love working at 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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. Manager $268K. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. Learn more Apply Now Master's-level graduates get offered around $112,000 in base salary at Bain. Any update on the Mck comp. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst ), and one-time work-from-home bonuses have become more common. Its on the level of McKinsey or an Ivy League education. 20227 Monate. Industry Sector . Generally, the bonus is normally distributed. 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. 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 -. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. At Bain, we champion the bold to achieve the extraordinary. Salaries posted anonymously by Bain & Company employees in Reading, OH. The salary growth itself is steep as you get promoted. Was this answer helpful? McKinsey and BCG pay 90,000 and 93,000 respectively. For new MBA graduates basic salaries are between 80,000 and 90,000. 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. 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 -. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Averages based on self-reported salaries. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. 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. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. 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. 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. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. The community relies on everyone sharing. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. 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. Help make it more accurate by adding yours. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Find thousands of job opportunities by signing up to eFinancialCareers today. Jonathan Paul, Associate Consultant #atBain All of those can add up to a nice sum, making competition for these roles extremely competitive. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Strategy consulting firms spent a lot on pay. They are slightly higher for 2020. 0 Extraordinary Outcomes. On top of that, employees are eligible for up to $41,250 in performance bonuses. While MBB firms froze salaries, they offered other perks, and there are some differences here. MBA hires at Bain get PTO vacation of 25 days per year. This is comparatively high compared to graduate salaries in most other fields. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. 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. FlashFash). also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Masters-level graduates get offered around $112,000 in base salary at Bain. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Forbidden characters: \. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. And find the best graduate job opportunities on Bright Network. How to Decide Between Bain and McKinsey When you have the good fortune of deciding between two offers at top consulting firms, there's really no wrong choice. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Bain only hires motivated, intelligent, creative, and highly competent people. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. These aren't remotely accurate and aren't even the correct job titles. 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). In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). Access all the online resources you need for success in your case and fit interviews. Employees maintain this role for 6-24 months before rising to the level of Consultant. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. The figures are drawn from Management Consulted. Yet, top performers can rise to $220,000 at the high end. 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. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Basic salaries at top firms For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from 40,000 and can be as high as 45,000. If you are overcoming hardships, we wanna help! 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Learn how much management consultants make based on the firm and their experience level. They will usually remain at that level for up to two years. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Consulting Based on 462 salaries Consultant 170 salaries Associate Consultant 147 salaries View More Business Based on 82 salaries Manager 41 salaries Senior Manager 20 salaries The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Salary also varies by location, and there can be stark differences from one country to the next. Their salaries typically start at 55,000 and can be as high as 65,000. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. OneDay @BCG Learn more 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. What is the S.T.A.R. 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. This equates to $116,000 in base salary and $53,000 in performance bonuses. 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. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. 73% of these revenues were spent on pay. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. 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. My path to Bain has been interesting. Why consulting? 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. Well tell you how much you can expect as an entry-level employee. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Two-to-three years out of an MBA program, Bain manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Only 1% of candidates receive consulting offers from Bain & Company. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Until this year, however, pay at the big consulting firmshad been climbing. bain consultant salary ukrestoration companies near paris. 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. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. The estimated additional pay is $85,928 per year. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. "Andrea Orcel is an excellent banker but his pay rise is extreme". During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. 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. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 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.
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