bain consultant salary uk bain consultant salary uk

On top of that, employees are eligible for up to $41,250 in performance bonuses. 3 salaries for 3 jobs at Bain & Company in Reading, OH. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Bain just increased paternal leaves (all genders) to 21 weeks. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. There is also some variance over the size of relocation packages, with Bain being the most generous. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Holy crap. Well also take a look at the nature of the career path at Bain, as well as employee reviews. And the Brain brand is very strong. The average salary for a Consultant is $70,432 per year in United States, which is 71% lower than the average Bain & Company salary of $245,538 per year for this job. 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. Find out what salary you could earn at Bain & Company after an MBA or masters degree. The firm advises. 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. The community relies on everyone sharing. 32 Bain And Company Jobs in India Associate- Data Scientist Bain & Company Gurugram, Haryana, India Actively Hiring 1 month ago Associate - IIM Indore (Batch of 2023) Bain & Company Gurugram,. Salaries posted anonymously by Bain & Company employees in Reading, OH. 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. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Average salaries for Bain and Company Consultant: [salary]. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Some receive only 10% of the potential payout. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. 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. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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 in 8 countries 2016 in US Dollar Equivalents. This is comparatively high compared to graduate salaries in most other fields. And find the best graduate job opportunities on Bright Network. 73% of these revenues were spent on pay. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. What does it take to be a Bain management consultant? 8 full cases with solutions (incl. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Greenwich Partners, London, Vereinigtes Knigreich Job: Bewerben Sie sich fr Investment associates x 2 , European Private Equity Fund - MBA level Strategy Consultants sought from firms like McKinsey, Bain and BCG in Greenwich Partners, London, Vereinigtes Knigreich. A Bain consultant salary is one of the most competitive in the management consulting industry. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. McKinsey interviews (2023): the comprehensive insider guide, How to interpret charts and data in case interviews, McKinsey Personal Experience Interview: comprehensive insider guide, Case interview examples (2023): a collection from McKinsey and others, McKinsey Solve Game (2023): How to prepare and ace the Imbellus, 2023 | Contact: +43 6706059449 | Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. 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. The community relies on everyone sharing. Across 64 cities in 39 countries, we work alongside our clients as one team with a. As well as Bain consultant salary benefits, careers at Bain come with many perks. 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 Lets compare the entry level salaries between both countries. Find thousands of job opportunities by signing up to eFinancialCareers today. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Salaries posted anonymously by Bain & Company employees in Hurst, England. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. There is some polarity when it comes to work-life balance. The cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. Let us know if you spot any inconsistencies in our data. Salary negotiation is highly unlikely at these levels. 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 -. For new MBA graduates basic salaries are between 80,000 and 90,000. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. This is a breakdown of management consulting salaries in 2022. In this article, lets find out and compare Bain salaries across different positions in 12 countries. 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. Average salary for Bain & Company Management Consultant in Maldon: 96,081. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. If you are overcoming hardships, we wanna help! Each promotion to a higher level will also coincide with a salary leap. McKinsey and BCG pay 90,000 and 93,000 respectively. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. 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. 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. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. Any update on the Mck comp. 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. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. The estimated additional pay is $85,928 per year. All of those can add up to a nice sum, making competition for these roles extremely competitive. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Strategy consulting firms spent a lot on pay. 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. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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. Masters-level graduates get offered around $112,000 in base salary at Bain. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Competition for talent is high, and it has driven salaries up. 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. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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. Learn more Apply Now The average additional cash compensation for a Strategy Consultant in the London, United Kingdom is GBP 4,697, with a range from GBP 1,367 - GBP 16,140. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Some firms offer this as part of their standard package, while others dont. You can expect the salary progression of the top 3 firms to look similar to the chart below. Well tell you how much you can expect as an entry-level employee. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Posted 02 Mar 2023. 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. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Download our full salary and bonus survey here. 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. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 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. 0 Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. technique - and why do banks like it? Boston Consulting Group (BCG) Total compensation: up to US$206,250 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. 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. These numbers are just starting salaries. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. 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. Bain & Company Salaries trends. out of network benefits, fertility benefits, best - culture is that people take their vacation. Deloitte Consulting in the UK pays its consultants 91,000. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Master's-level graduates get offered around $112,000 in base salary at Bain. 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. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. We can help you get your desired MBB consulting offer. The most effective case book has arrived! Though the full bonus isnt guaranteed. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. technique - and why do banks like it? Consultant $202K. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Have a confidential story, tip, or comment youd like to share? The estimated additional pay is $85,928 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Youll build a powerful network in the process. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. 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. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. 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. Its one of the benefits of consulting but it is in line with other top-tier consulting 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. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. I was going to help people solve problems. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Entdecken Personen E-Learning . Learn how much management consultants make based on the firm and their experience level. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. bain consultant salary ukrestoration companies near paris. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Jonathan Paul, Associate Consultant #atBain Invalid empty value or special character. I was going to help people solve problems. 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. Signing bonuses across all three firms remain at $30,000. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Required fields are marked *. How much do Bain & Company employees make? Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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)! The median compensation package totals $185K. Read more about Consulting Salaries For MBA & Masters Graduates. The significant difference also holds true for new hires with an MBA or PhD. At the time, I wondered why other companies hadnt thought of this genius business strategy. 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. 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! 20227 Monate. McKinsey also offers to pay 50% of MBA tuition for returning interns. What is the S.T.A.R. 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. 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. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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 Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Learn about the award and see why employees love working at Bain. 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. Contribute Manager Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business.