To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus These numbers are just starting salaries. 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. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. Across 64 cities in 39 countries, we work alongside our clients as one team with a. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Learn how much management consultants make based on the firm and their experience level. In most other developed countries, the salary ranges from $120,000 to $150,000 (profit sharing not included). In 2021, all three BBM firms were only paying $90k salaries. On top of that, employees are eligible for up to $41,250 in performance bonuses. 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. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. 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. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Jonathan Paul, Associate Consultant #atBain 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. Bain & Company Salaries trends. Consulting salary grows at 5 percent annually on average. 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. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Salary negotiation is highly unlikely at these levels. There is some polarity when it comes to work-life balance. We offer exciting career opportunities in a broad array of fields. These aren't remotely accurate and aren't even the correct job titles. Each promotion to a higher level will also coincide with a salary leap. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Bain Manager Salary Managers at Bain design and oversee projects for clients. . technique - and why do banks like it? It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Averages based on self-reported salaries. 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 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). Deloitte Consulting in the UK pays its consultants 91,000. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. The figures are drawn from Management Consulted. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. The salary trajectory of a Consultant ranges between locations and employers. ramona car accident sunday; mountain meadows subdivision 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. 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. Yet, top performers can rise to $220,000 at the high end. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. These employees in the US earned an average base salary of $165,000 a year. 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 salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. Jonathan Paul, Associate Consultant #atBain 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). Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Learn more Business Services It takes a huge team of talented individuals around the world to support our consulting business. Contact: sbutcher@efinancialcareers.com, Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Generally, the bonus is normally distributed. The estimated base pay is $159,610 per year. PwC UK pays Consultants a nice 85,000/year. 20227 Monate. The lowest-paying job at Bain & Company is a Receptionist with a salary of $38,943 per year. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Also, certain employees will earn a different actual base for a variety of reasons. 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. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Being a shareholder in the partnership obviously comes with benefits on their own. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. 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. The significant difference also holds true for new hires with an MBA or PhD. Average salary for Bain & Company Consultant I in Crete: US$192,000. Anonymously share your salary to help the community, Averages based on self-reported salaries. 73% of these revenues were spent on pay. Help make it more accurate by adding yours. I was going to help people solve problems. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? 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. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year. Lets compare the entry level salaries between both countries. 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. Can you make it happen? 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. Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Contribute Manager For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. Invalid empty value or special character. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023.