bain consultant salary uk bain consultant salary uk

Its also possible to get a relocation bonus of $8,000 if youre coming from under 400 miles away and $16,000 if youre coming from more than 400 miles away. He ranks as the most successful consulting case and fit interview coach, generating more than 420 offers with MBB, tier-2 firms, Big 4 consulting divisions, in-house consultancies, and boutique firms through direct coaching of his clients over the last 3 years. Their salaries typically start at 55,000 and can be as high as 65,000. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Are you an impact player? Healthcare M&A Associate - Leading Elite Boutique IB, Analyst/Associate, Infrastructure M&A and Debt Advisory, "Andrea Orcel is an excellent banker but his pay rise is extreme". Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Competition for talent is high, and it has driven salaries up. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Salary also varies by location, and there can be stark differences from one country to the next. out of network benefits, fertility benefits, best - culture is that people take their vacation. Master's-level graduates get offered around $112,000 in base salary at Bain. 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. 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. Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . This is comparatively high compared to graduate salaries in most other fields. 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. If you want to learn in great detail how to ace the McKinsey interviews, check out our 40-partReady-for-McKinsey interview academyor our individual and private coaching sessions. 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! .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. 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. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. 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. We can help you get your desired MBB consulting offer. Thats not to mention all the add-ons. Learn about the award and see why employees love working at Bain. 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. That aims to maximize the chance of entering stage 2. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Read Jonathan Paul's full story! While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. McKinsey and BCG pay 90,000 and 93,000 respectively. Some firms offer this as part of their standard package, while others dont. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. 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. 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. The estimated base pay is $159,610 per 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. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. ), 2023 eFinancialCareers - All rights reserved. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. This equates to $116,000 in base salary and $53,000 in performance bonuses. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. 0 In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). While MBB firms froze salaries, they offered other perks, and there are some differences here. Salary negotiation is highly unlikely at these levels. 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. 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. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Management Consultant. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). 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. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Averages based on self-reported salaries. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. A Bain consultant salary is one of the most competitive in the management consulting industry. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. Though the full bonus isnt guaranteed. The pension funds can also be managed by McKinseys internal hedge fund, which has a great performance track record and includes investment vehicles not typically accessible to the general public. Audience: All students Location: Statler 185 Learn More Mar 06 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. Bain promotes top performers faster and rewards them better than at other firms. The community relies on everyone sharing. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. 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. View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. 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)! 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 Has Been Named a Best Place to Work in 2023 by Glassdoor! The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Boston Consulting Group (BCG) Total compensation: up to US$206,250 The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. 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. 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. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Bain & Company 4 years Consultant Dec 2022 - Present4 months London, England, United Kingdom Private Equity Group Senior Associate Consultant Nov 2021 - Dec 20221 year 2 months Dubai, United. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. 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. Industry Sector . Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 73% of these revenues were spent on pay. Know Your Worth. Have a confidential story, tip, or comment youd like to share? Learn more Apply Now Extraordinary Outcomes. 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. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! How much do consultants at McKinsey, BCG, and Bain make (in USD)? 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. And find the best graduate job opportunities on Bright Network. Key factors include education/certification, work experience & seniority, and each employees personal profile. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Bain & Company employees attributed a compensation and benefits rating of 4.4/5 stars to their company. Total Pay 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. Office: Washington, D.C. Only 1% of candidates receive consulting offers from Bain & Company. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon.