bain consultant salary uk10 marca 2023
The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. We can help you get your desired MBB consulting offer. 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. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. The Bain salary in other countries varies for obvious reasons. Bain only hires motivated, intelligent, creative, and highly competent people. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The most effective case book has arrived! But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. There is some flexibility to this schedule in comparison with some other top consulting firms. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. The consulting industry has been booming in recent years, and going hard after top talent. 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. Yet, top performers can rise to $220,000 at the high end. If there is any room for negotiation it will be with the sign-on bonus. This is a breakdown of management consulting salaries in 2022. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. There is also some variance over the size of relocation packages, with Bain being the most generous. Additional pay could include bonus, stock, commission, profit sharing or tips. Senior Associate Consultant $137K. The community relies on everyone sharing. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. 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 -. Learn how much management consultants make based on the firm and their experience level. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. My path to Bain has been interesting. ), 2023 eFinancialCareers - All rights reserved. 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. 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. Associate Consultant $118K. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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 Manager Salary Managers at Bain design and oversee projects for clients. Have a confidential story, tip, or comment youd like to share? 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. The significant difference also holds true for new hires with an MBA or PhD. 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. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Salaries posted anonymously by Bain & Company employees in Reading, OH. 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. As well as Bain consultant salary benefits, careers at Bain come with many perks. 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. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. A comprehensive guide to Bain & Company Salary in 2020! 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. Signing bonuses across all three firms remain at $30,000. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Consulting salary grows at 5 percent annually on average. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG. 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. Zurich, Switzerland . Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Management Consultant. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. 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. 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. 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. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Required fields are marked *. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Plus sample case and fit interview videos. 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. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. . Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. At this level, youre expected to leverage your professional network to bring in clients. bain consultant salary ukrestoration companies near paris. I was going to help people solve problems. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. Bain Associate Consultant 52,271/yr Avg. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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. 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. 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. This article is updated annually. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Your email address will not be published. On top of that, employees are eligible for up to $41,250 in performance bonuses. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. 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. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. They are very generous with top performers towards the top percentage of the cohort, so the average total compensation over a typical three year period may be higher for top performers at Bain versus other firms. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Let us know if you spot any inconsistencies in our data. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Salary negotiation is highly unlikely at these levels. How much do Bain & Company employees make? When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Get a free, personalized salary estimate based on today's job market. The community relies on everyone sharing. The average Bain & Company salary ranges from approximately $38,943 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. out of network benefits, fertility benefits, best - culture is that people take their vacation. 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. At Bain, we champion the bold to achieve the extraordinary. Jonathan Paul, Associate Consultant #atBain Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Learn about the award and see why employees love working at Bain. 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. What is the S.T.A.R. 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. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Bain's Innovation & Design team is a team of digital experts charged with accelerating transformation for our clients. 3 salaries for 3 jobs at Bain & Company in Reading, OH. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. The exact size of this payment is driven by the role and distance of the relocation. Access all the online resources you need for success in your case and fit interviews. Invalid empty value or special character. The firm advises. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. A Bain consultant salary is one of the most competitive in the management consulting industry. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Bain & Company Salaries How much do Bain & Company employees make? Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Employees maintain this role for 6-24 months before rising to the level of Consultant. You can expect the salary progression of the top 3 firms to look similar to the chart below. 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. 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,. To improve your skills in all areas of the interview, check out our targeted offers below. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Managers at Bain design and oversee projects for clients. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. Only 1% of candidates receive consulting offers from Bain & Company. Learn how much management consultants make based on the firm and their experience level. We even created Excel templates and PowerPoint presentations. But compensation is competitive from the beginning. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Learn how this feature works. However, if you have a good rationale for requesting a sign-on bonus you should ask. 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. Extraordinary Outcomes. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Why consulting? U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Yet, top performers can rise to $220,000 at the high end. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. These numbers are just starting salaries. The figures are drawn from Management Consulted. 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. 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). The salary trajectory of a Consultant ranges between locations and employers. 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. Holy crap. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. And the Brain brand is very strong. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. Lets take a look at how the Bain consultant salary varies by role. Our model gets smarter over time as more people share salaries on Glassdoor. Know Your Worth. Industry Sector . I was going to help people solve problems. Eventually it will unless its offensive or libelous (in which case it wont.). Competition for talent is high, and it has driven salaries up. Florian spent 5 years with McKinsey as a senior consultant. 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. That aims to maximize the chance of entering stage 2. 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. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Generally, the bonus is normally distributed. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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, OTC Equity Derivatives Client Relationship Manager, 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. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Find thousands of job opportunities by signing up to eFinancialCareers today. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The article did not discuss the specific tiles that each of the three firms uses. 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Averages based on self-reported salaries. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. These employees in the US earned an average base salary of $165,000 a year. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. The salary growth itself is steep as you get promoted. Masters-level graduates get offered around $112,000 in base salary at Bain. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 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! Bain's consultant salary in the UK is the highest out of the three at 97,000. Looking for the best preparation to ace your case interviews? The estimated base pay is $159,610 per year. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Audience: All students Location: Statler 185 Learn More Mar 06 Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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.
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