But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Average salary for Bain & Company It Consultant in Crawley: 27,037. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Yet, top performers can rise to $220,000 at the high end. Additional pay could include bonus, stock, commission, profit sharing or tips. Their salaries typically start at 55,000 and can be as high as 65,000. Its on the level of McKinsey or an Ivy League education. Average salary for Bain & Company Management Consultant in Maldon: 96,081. The community relies on everyone sharing. Averages based on self-reported salaries. The salary figures in this article are for those joining management consulting positions in 2023. There is some flexibility to this schedule in comparison with some other top consulting firms. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! Any update on the Mck comp. 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 Principal Salary in 5 countries 2016 in US Dollar Equivalents. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Adjustment?McKinsey & Company Bain & Company Boston Consulting Group, Rare to see folks who worked at both firms, but would appreciate comparison around opportunities (across practice areas), top end compensation and exits in McKinsey and Bain, India. Salary 28.00ph - 38.00ph +holiday pay . 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. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the 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. Your email address will not be published. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. To improve your skills in all areas of the interview, check out our targeted offers below. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. 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 in 8 countries 2016 in US Dollar Equivalents. This is a breakdown of management consulting salaries in 2022. 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. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. 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)! Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Help make it more accurate by adding yours. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The practice of offering a sign-on bonus of 2-10% of the base salary varies widely from firm to firm. 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. The estimated additional pay is $85,928 per year. 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. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Access all the online resources you need for success in your case and fit interviews. Master's-level graduates get offered around $112,000 in base salary at Bain. Find thousands of job opportunities by signing up to eFinancialCareers today. The salary trajectory of a Consultant ranges between locations and employers. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. The average Bain Partner Salary is in the neighborhood of $322,000 per year! Specialist, Consulting Programs. 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. We even created Excel templates and PowerPoint presentations. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. For new MBA graduates basic salaries are between 80,000 and 90,000. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Your input helps Glassdoor refine our pay estimates over time. 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. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. 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). The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! At the time, I wondered why other companies hadnt thought of this genius business strategy. Across 64 cities in 39 countries, we work alongside our clients as one team with a. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 0 The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. How much do Bain & Company employees make? Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. A Bain consultant salary is one of the most competitive in the management consulting industry. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Well tell you how much you can expect as an entry-level employee. Read Jonathan Paul's full story! Employees maintain this role for 6-24 months before rising to the level of Consultant. Key factors include education/certification, work experience & seniority, and each employees personal profile. We can help you get your desired MBB consulting offer. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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 growth itself is steep as you get promoted. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. These numbers are just starting salaries. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Boston Consulting Group (BCG) Total compensation: up to US$206,250 The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. 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. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Bain & Company Salaries How much do Bain & Company employees make? 2021-Apr. Average salary for Bain & Company Consultant I in Crete: US$192,000. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers.
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