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. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. 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. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Apply Today. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. OneDay @BCG Learn more I was going to help people solve problems. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Hence, the maximum bonusis given only tothe few % of consultants with a perfect rating, whereas the majority receives around 40 to 60% of the maximum amount. There is some polarity when it comes to work-life balance. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Bain & Company Total compensation: up to US$206,250 (150,814) Bain & Company is one of the Big Three consulting firms, working with public, private and non-profit businesses, and one of the most popular organizations among MBA graduates. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Bonuses are typically based on individual performance at McKinsey, BCG, and Bain unless the consultant has only been at the firm for less than a year, in which case a standard amount if given to everyone at this level. This article is updated annually. 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 | 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. New hires can expect relocation support payments between USD 2k and 10k. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). The community relies on everyone sharing. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. MBA hires at Bain get PTO vacation of 25 days per year. Their salaries typically start at 55,000 and can be as high as 65,000. 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. Join 90,000+ on the #1 consulting prep channel! But an increasing number of boutique firms are appearing on the stage with traditional players. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 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. 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. 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! Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 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 and Company salary trends based on salaries posted anonymously by Bain and Company employees. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. Average salary for Bain & Company Management Consultant in Maldon: 96,081. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. These aren't remotely accurate and aren't even the correct job titles. The community relies on everyone sharing. The figures are drawn from Management Consulted. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. 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. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. In 2021, all three BBM firms were only paying $90k salaries. 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. 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. However, if you have a good rationale for requesting a sign-on bonus you should ask. Bain's consultant salary in the UK is the highest out of the three at 97,000. Employees maintain this role for 6-24 months before rising to the level of Consultant. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. The salary information is posted above, where we note an average base salary of $90,000. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). Bain just increased paternal leaves (all genders) to 21 weeks. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. For new MBA graduates basic salaries are between 80,000 and 90,000. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. PwC UK pays Consultants a nice 85,000/year. 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. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The estimated additional pay is $85,928 per year. Senior Associate Consultant $137K. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. 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 -. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? 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. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Contact:sbutcher@efinancialcareers.comin the first instance. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. What is the S.T.A.R. 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. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. They will usually remain at that level for up to two years. At this level, youre expected to leverage your professional network to bring in clients. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Why consulting? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. 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. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! Download resume templates and watch in-depth, step-by-step resume advice videos. They are slightly higher for 2020. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. 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.
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