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. 2022 consulting salaries: how much top management consultants earn 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). Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? And the Brain brand is very strong. The significant difference also holds true for new hires with an MBA or PhD. Bain & Company McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? Explore Roles | Bain & Company Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. PwC UK pays Consultants a nice 85,000/year. Salary Expectations at Top Consulting Firm from Graduate to Partner How much do Bain & Company employees make? Yet, top performers can rise to $220,000 at the high end. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. out of network benefits, fertility benefits, best - culture is that people take their vacation. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. bain consultant salary ukrestoration companies near paris. "Andrea Orcel is an excellent banker but his pay rise is extreme". These numbers are just starting salaries. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Pay scales for consultants in England - British Medical Association 0 7 Contract Data visualisation jobs in Sabines Green on CWJobs. 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. Bain Salaries | Levels.fyi The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Bain promotes top performers faster and rewards them better than at other firms. Average salary for Bain & Company Consultant I in Crete: US$192,000. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The cost of living also balances things a bit, as cost of living in the UK is 7% cheaper, with rents in particular 30% cheaper than they are in the US. 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. There is some polarity when it comes to work-life balance. How much do Bain & Company employees make? But compensation is competitive from the beginning. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. Meet Shah - Associate Consultant - Bain & Company | LinkedIn BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. You can expect the salary progression of the top 3 firms to look similar to the chart below. Bain & Company Consultant I Salaries in Crete | Glassdoor . That aims to maximize the chance of entering stage 2. Average salaries for Bain and Company Consultant: [salary]. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. 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. Overall, our data shows that there isnt much difference in compensation between firms. 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. 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. In this article, were going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. Senior Associate Consultant $137K. Bain & Company - LinkedIn Have a confidential story, tip, or comment youd like to share? EA to C-Suite job with Bain and Gray | 4074895 - secsinthecity.co.uk How much do consultants at McKinsey, BCG, and Bain make (in USD)? Consultant Salary UK - Management Consulted Marleen F. - Associate Consultant - Bain & Company | LinkedIn Consulting salary grows at 5 percent annually on average. The average Bain Partner Salary is in the neighborhood of $322,000 per year! U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. In 2021, all three BBM firms were only paying $90k salaries. Salaries posted anonymously by Bain & Company employees in Reading, OH. 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. Boston Consulting Group (BCG) Total compensation: up to US$206,250 Bain & Company Consulting Practice Manager Salaries in Maldon, England Have a confidential story, tip, or comment youd like to share? If there is any room for negotiation it will be with the sign-on bonus. Management Consulting Salary At 12 Top Firms (2020 Update) 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. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. What is the S.T.A.R. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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). Bain looks for practical, leadership experience. This is comparatively high compared to graduate salaries in most other fields. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. And find the best graduate job opportunities on Bright Network. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Youll build a powerful network in the process. We are a global consulting firm working with the worlds leading businesses to.css-epvm6{white-space:nowrap;} More, Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Job Search | Bain & Company, Inc. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Find Jobs ETR: Careers. Any update on the Mck comp. Masters-level graduates get offered around $112,000 in base salary at Bain. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Contact:sbutcher@efinancialcareers.comin the first instance. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Forbidden characters: \. You will see that consulting salaries increase by ~30% year-on-year over ten years with a comparably faster increase in the first three years followed by a sharp increase between the role of Associate Partner and Partner. Bain salary progression is quite steep relative to the corporate world. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. The average Bain & Company hourly pay ranges from approximately $19 per hour for a Receptionist to $117 per hour for a Consultant. 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. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. 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