bain consultant salary uk

18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. We can help you get your desired MBB consulting offer. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Holy crap. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. 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. 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. 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. Boston Consulting Group (BCG) Total compensation: up to US$206,250 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 Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. 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. Bain and you begins here Apply Now Meet Our People Passionate, diverse and ready to be your guide. The community relies on everyone sharing. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Yet, top performers can rise to $220,000 at the high end. out of network benefits, fertility benefits, best - culture is that people take their vacation. technique - and why do banks like it? Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. At the time, I wondered why other companies hadnt thought of this genius business strategy. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Eventually it will unless its offensive or libelous (in which case it wont. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Some firms offer this as part of their standard package, while others dont. 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. The salary figures in this article are for those joining management consulting positions in 2023. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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. There is some flexibility to this schedule in comparison with some other top consulting firms. The article did not discuss the specific tiles that each of the three firms uses. Though the full bonus isnt guaranteed. 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 median compensation package totals $185K. That aims to maximize the chance of entering stage 2. 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. For new MBA graduates basic salaries are between 80,000 and 90,000. 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. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. 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. Learn how this feature works. Learn more Apply Now Contact:sbutcher@efinancialcareers.comin the first instance. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. 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. There is some polarity when it comes to work-life balance. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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. While MBB firms froze salaries, they offered other perks, and there are some differences here. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. OneDay @BCG Learn more 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. Also, certain employees will earn a different actual base for a variety of reasons. Managers at Bain design and oversee projects for clients. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Read what they think about their salaries on our Compensation FAQ page for , 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. The salary information is posted above, where we note an average base salary of $90,000. 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). 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. Looking for the best preparation to ace your case interviews? Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Overall, our data shows that there isnt much difference in compensation between firms. Apply today for the Associate Consultant Athens 2023 with Bain & Company. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. 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 discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Access all the online resources you need for success in your case and fit interviews. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. These employees in the US earned an average base salary of $165,000 a year. Bain promotes top performers faster and rewards them better than at other firms. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. 73% of these revenues were spent on pay. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. f you want to work for thetop three consulting firmsthen theres not much in it. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 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. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Why consulting? 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. McKinsey also offers to pay 50% of MBA tuition for returning interns. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. The estimated additional pay is $85,928 per year. If there is any room for negotiation it will be with the sign-on bonus. McKinsey and BCG pay 90,000 and 93,000 respectively. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. A Bain consultant salary is one of the most competitive in the management consulting industry. 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. The exact size of this payment is driven by the role and distance of the relocation. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Average salary for Bain & Company Consultant I in Crete: US$192,000. 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. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Each promotion to a higher level will also coincide with a salary leap. 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. Your input helps Glassdoor refine our pay estimates over time. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. Jonathan Paul, Associate Consultant #atBain Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. But an increasing number of boutique firms are appearing on the stage with traditional players. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Have a confidential story, tip, or comment youd like to share? 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. 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. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Jonathan Paul, Associate Consultant #atBain They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Until this year, however, pay at the big consulting firmshad been climbing. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. 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! ), and one-time work-from-home bonuses have become more common. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Averages based on self-reported salaries. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. 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)! Some receive only 10% of the potential payout. The most effective case book has arrived! The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. The consulting industry has been booming in recent years, and going hard after top talent. 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. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. I was going to help people solve problems. Bain Consultant salary (MBA/Experienced-level) 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) Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. A comprehensive guide to Bain & Company Salary in 2020! The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Was this answer helpful? Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Key factors include education/certification, work experience & seniority, and each employees personal profile. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the Bain associate salary level. 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. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? To improve your skills in all areas of the interview, check out our targeted offers below. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. We even created Excel templates and PowerPoint presentations. . The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. 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,. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Can you make it happen? Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. How much do Bain & Company employees make? 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. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. 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. Again, there are some nuances when it comes to perks for MBA and PhD hires. Salary 28.00ph - 38.00ph +holiday pay . Deloitte Consulting in the UK pays its consultants 91,000. 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. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. Lets take a look at how the Bain consultant salary varies by role. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. What is the S.T.A.R. bain consultant salary uk 2021 . The community relies on everyone sharing. 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. Industry Sector . Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Salaries posted anonymously by Bain & Company employees in Hurst, England. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Audience: All students Location: Statler 185 Learn More Mar 06 BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k.

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