out of network benefits, fertility benefits, best - culture is that people take their vacation. This is comparatively high compared to graduate salaries in most other fields. Office: Washington, D.C. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. 73% of these revenues were spent on pay. f you want to work for thetop three consulting firmsthen theres not much in it. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. If this is accepted, do not expect more than a few percents of your base salary, but you should also be ready for your request to be declined. 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. The estimated base pay is $159,610 per year. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 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. Plus sample case and fit interview videos. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Find thousands of job opportunities by signing up to eFinancialCareers today. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. All of those can add up to a nice sum, making competition for these roles extremely competitive. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Associate Consultant $118K. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. 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! 715 salaries for 117 jobs at Bain & Company in Hurst, England. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. And find the best graduate job opportunities on Bright Network. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. Was this answer helpful? Looking for the best preparation to ace your case interviews? Posted 02 Mar 2023. 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. 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. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Audience: All students Location: Statler 185 Learn More Mar 06 There is some flexibility to this schedule in comparison with some other top consulting firms. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! The Bain salary in other countries varies for obvious reasons. 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. My path to Bain has been interesting. 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. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). 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. Some receive only 10% of the potential payout. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Zurich, Switzerland . Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. These employees earn an average base salary of $165,000 a year to start. 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. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Based on 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). Specialist, Consulting Programs. Some firms offer this as part of their standard package, while others dont. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. A Bain associate principal salary sits at around $275-to-$350,000, while Bain partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. There is also some variance over the size of relocation packages, with Bain being the most generous. Across 64 cities in 39 countries, we work alongside our clients as one team with a. Bain promotes top performers faster and rewards them better than at other firms. The firm advises. 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. 28 emails packed with tips. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. Have a confidential story, tip, or comment youd like to share? 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. Download resume templates and watch in-depth, step-by-step resume advice videos. technique - and why do banks like it? OneDay @BCG Learn more ), and one-time work-from-home bonuses have become more common. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 73% of these revenues were spent on pay. The most effective case book has arrived! Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. bain consultant salary uk. 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. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. Download our full salary and bonus survey here. Get a free, personalized salary estimate based on today's job market. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. 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)! Contribute 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. FlashFash). Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? They will usually remain at that level for up to two years. 20227 Monate. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. 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. Industry Sector . 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. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Average salary for Bain & Company It Consultant in Crawley: 27,037. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Bain just increased paternal leaves (all genders) to 21 weeks. The salary growth itself is steep as you get promoted. The salary figures in this article are for those joining management consulting positions in 2023. Salary also varies by location, and there can be stark differences from one country to the next. Contact:sbutcher@efinancialcareers.comin the first instance. 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. 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. Average salary for Bain & Company Consultant I in Crete: US$192,000. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. 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. 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. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Masters-level graduates get offered around $112,000 in base salary at Bain. Why consulting? bain consultant salary uk 2021 . 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 -. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Learn about the award and see why employees love working at Bain. These aren't remotely accurate and aren't even the correct job titles. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Employees maintain this role for 6-24 months before rising to the level of Consultant. 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. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. 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.