bain consultant salary uk
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. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. But an increasing number of boutique firms are appearing on the stage with traditional players. bain salary bcg career bcg salary consulting benefits consulting salary mckinsey career mckinsey salary, Your email address will not be published. These aren't remotely accurate and aren't even the correct job titles. Learn about the award and see why employees love working at Bain. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. Read more about Consulting Salaries For MBA & Masters Graduates. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Anonymously share your salary to help the community, Averages based on self-reported salaries. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 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". There is also some variance over the size of relocation packages, with Bain being the most generous. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain & Company Salaries How much do Bain & Company employees make? 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). Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! 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. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. The community relies on everyone sharing. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Bain looks for practical, leadership experience. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. 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. Master's-level graduates get offered around $112,000 in base salary at Bain. This equates to $116,000 in base salary and $53,000 in performance bonuses. However, still more employees claim that this is at best a dream for most employees, who often struggle to maintain this balance in actual practice. These numbers are just starting salaries. 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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain's consultant salary in the UK is the highest out of the three at 97,000. 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). The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. But compensation is competitive from the beginning. 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. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . bain consultant salary ukrestoration companies near paris. 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;. 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 the Brain brand is very strong. Find Jobs ETR: Careers. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Invalid empty value or special character. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. All of those can add up to a nice sum, making competition for these roles extremely competitive. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Your email address will not be published. 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. Averages based on self-reported salaries. Bain just increased paternal leaves (all genders) to 21 weeks. The exact size of this payment is driven by the role and distance of the relocation. 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. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Have a confidential story, tip, or comment youd like to share? In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). McKinsey also offers to pay 50% of MBA tuition for returning interns. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. The salary figures in this article are for those joining management consulting positions in 2023. 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 -. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Also, certain employees will earn a different actual base for a variety of reasons. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. Average salaries for Bain and Company Consultant: [salary]. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. Associate Consultant $118K. 715 salaries for 117 jobs at Bain & Company in Hurst, England. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. There is some flexibility to this schedule in comparison with some other top consulting firms. McKinsey and BCG pay 90,000 and 93,000 respectively. 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. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Learn about the award and see why employees love working at Bain. The community relies on everyone sharing. 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. 8 full cases with solutions (incl. On top of that, employees are eligible for up to $41,250 in performance bonuses. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. 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. My path to Bain has been interesting. Yet, top performers can rise to $220,000 at the high end. 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. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Management Consultant. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Again, there are some nuances when it comes to perks for MBA and PhD hires. The consulting industry has been booming in recent years, and going hard after top talent. The Bain salary in other countries varies for obvious reasons. FlashFash). 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. These employees in the US earned an average base salary of $165,000 a year. Bain Consultants in the US can make up to $226,500 each year, with $165,000 from base salary, $41,500 from bonuses, and $20,000 from shared profits. Top management consulting salaries for a specific firm are usually the same or only vary slightly within a given country, however, they differ greatly across countries and geographies. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Read Jonathan Paul's full story! U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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,. 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)! That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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)! Industry Sector . This article is updated annually. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Extraordinary Outcomes. MBA hires at Bain get PTO vacation of 25 days per year. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. PwC UK pays Consultants a nice 85,000/year. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. 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. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Generally, the bonus is normally distributed. 73% of these revenues were spent on pay. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Competition for talent is high, and it has driven salaries up. Accounts recently filed by Bain & Co. Inc.for the year ending December 2020 show that Bain's UK entity earned243m($327m) in revenues last year, up from 198m in 2019. 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). 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. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Related Searches:All Consultant Salaries|All Bain & Company Salaries. That aims to maximize the chance of entering stage 2. You can expect the salary progression of the top 3 firms to look similar to the chart below. . .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your 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. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Managers at Bain design and oversee projects for clients. 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. 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. 0 The median compensation package totals $185K. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Know Your Worth. 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. 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. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. The community relies on everyone sharing. 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. 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. 1996-2023 Bain & Company, Inc. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst What is the S.T.A.R. 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. ), 2023 eFinancialCareers - All rights reserved. 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. 2022 MConsultingPrep | Intellectual Property protected by DMCA. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. ), and one-time work-from-home bonuses have become more common. There is some polarity when it comes to work-life balance. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). Eventually it will unless its offensive or libelous (in which case it wont.). Bain Manager Salary Managers at Bain design and oversee projects for clients. Jonathan Paul, Associate Consultant #atBain 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! Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. bain consultant salary uk. We can help you get your desired MBB consulting offer. 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. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Key factors include education/certification, work experience & seniority, and each employees personal profile. Bain only hires motivated, intelligent, creative, and highly competent people. I was going to help people solve problems. 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. 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. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The figures are drawn from Management Consulted. Its on the level of McKinsey or an Ivy League education. 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. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Average salary for Bain & Company It Consultant in Crawley: 27,037. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. 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. 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. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Each promotion to a higher level will also coincide with a salary leap. Jonathan Paul, Associate Consultant #atBain Until this year, however, pay at the big consulting firmshad been climbing. Holy crap. 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 is comparatively high compared to graduate salaries in most other fields. 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. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. 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. 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. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. At Bain, we champion the bold to achieve the extraordinary. Contribute Manager Senior Associate Consultant $137K. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Additional pay could include bonus, stock, commission, profit sharing or tips. Consultant $202K. Any update on the Mck comp. These employees earn an average base salary of $165,000 a year to start. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. It is unlikely that a consultant would move from one top-3 firm to another because of a difference in compensation, especially not below Partner level. The community relies on everyone sharing. Looking for the best preparation to ace your case interviews? At this level, youre expected to leverage your professional network to bring in clients. Learn how much management consultants make based on the firm and their experience level. The estimated additional pay is $85,928 per year. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Boston Consulting Group (BCG) Total compensation: up to US$206,250 The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. The article did not discuss the specific tiles that each of the three firms uses.
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