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. 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). Are you an impact player? Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. 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. 3 salaries for 3 jobs at Bain & Company in Reading, OH. However, if you have a good rationale for requesting a sign-on bonus you should ask. The salary figures in this article are for those joining management consulting positions in 2023. How much do Bain & Company employees make? Associate Consultant $118K. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. 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. McKinsey and BCG pay 90,000 and 93,000 respectively. 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. The community relies on everyone sharing. Managers at Bain design and oversee projects for clients. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Averages based on self-reported salaries. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain and Company Consultant Salaries | Glassdoor 7 Contract Data visualisation jobs in Sabines Green on CWJobs. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. 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. Youll build a powerful network in the process. We can help you get your desired MBB consulting offer. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. All of those can add up to a nice sum, making competition for these roles extremely competitive. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Until this year, however, pay at the big consulting firmshad been climbing. McKinsey also offers to pay 50% of MBA tuition for returning interns. Some receive only 10% of the potential payout. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Based on 6389 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Read Jonathan Paul's full story! BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Contract Data visualisation Jobs in Sabines Green | Contract Data 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. Zurich, Switzerland . For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Yet, top performers can rise to $220,000 at the high end. 2021-Apr. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. Our model gets smarter over time as more people share salaries on Glassdoor. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Its on the level of McKinsey or an Ivy League education. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Accounts recently filed by Bain & Co. Inc. for the year ending December 2020 show that Bain's UK entity earned 243m ($327m) in revenues last year, up from 198m in 2019. Some related job titles areEntry Level Consultant salaries with median pay of $50,394,Senior Consultant salaries with median pay of $123,519,Associate Consultant salaries with median pay of $89,060,Business Analyst salaries with median pay of $82,032. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. 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. Being a shareholder in the partnership obviously comes with benefits on their own. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Across 64 cities in 39 countries, we work alongside our clients as one team with a. The community relies on everyone sharing. In exchange for putting in some long hours at Bain, you will learn an incredible amount from highly intelligent and knowledgeable people clients and colleagues across a wide range of business functions. What is the S.T.A.R. Average salaries for Bain and Company Consultant: [salary]. 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. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Some firms offer this as part of their standard package, while others dont. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. 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. Extraordinary Outcomes. 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) The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. The average Bain & Company salary ranges from approximately $38,943 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Consulting salary grows at 5 percent annually on average. 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. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Office: Washington, D.C. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Private Equity / VC Jobs verfgbar bei eFinancialCareers. 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. Consultant $202K. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? 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 | Sarina Schefer - Associate Consultant - Bain & Company | LinkedIn Bain & Company Consultant I Salaries in Valpo, IN | Glassdoor From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. 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. . MBA hires at Bain get PTO vacation of 25 days per year. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Your email address will not be published.