Masters level hires at Bain get a housing allowance of up to $5,000, PTO vacation of 20 days per year, $5,000 for relocation. Youll build a powerful network in the process. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Learn how much management consultants make based on the firm and their experience level. Salary also varies by location, and there can be stark differences from one country to the next. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. 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. 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. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. But theres no single answer to the question of what a Bain salary is, of course. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000.This incredibly high salary is one of the main attractions of Bain, as with any other top consulting firm. Bain & Company 3 years 8 months Consultant Mar 2023 - Present1 month Denver, Colorado, United States Senior Associate Consultant Jun 2022 - Mar 202310 months Denver, Colorado, United States -. It is unlikely that a consultant would move from one top-3 firm to another because of a difference in compensation, especially not below Partner level. There is also some variance over the size of relocation packages, with Bain being the most generous. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. Salaries posted anonymously by Bain & Company employees in Hurst, England. 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. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Yoeun Yoon Senior Manager Seoul Vicky Sun Manager Beijing Annie Medaglia Associate Partner Washington, DC Jake Mitchell Consultant San Francisco SEE MORE PROFILES Bold Thinking. Bain Manager Salary Managers at Bain design and oversee projects for clients. Our client, a well-regarded and rapidly growing venture capital firm are seeking an ambitious and established EA to support the CEO. But an increasing number of boutique firms are appearing on the stage with traditional players. Salary negotiation is highly unlikely at these levels. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. There is some flexibility to this schedule in comparison with some other top consulting firms. How much do consultants at McKinsey, BCG, and Bain make (in USD)? You can expect the salary progression of the top 3 firms to look similar to the chart below. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Here, consulting firms pay a significant premium over industry roles available to recent graduates, whereas UK consulting salaries are relatively low considering the high living cost of London. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. On top of that, employees are eligible for up to $41,250 in performance bonuses. Some consulting firms, such as McKinsey, BCG, and Bain, offer programs that specifically help PhD and advanced degree holders apply and transition to consulting. Boston Consulting Group (BCG) Total compensation: up to US$206,250 At this level, youre expected to leverage your professional network to bring in clients. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Masters-level graduates get offered around $112,000 in base salary at Bain. The estimated additional pay is $85,928 per year. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. The firm advises. Download our full salary and bonus survey here. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Bain & Company is one of the world's leading management consulting firms, working with top executives to help them make better decisions, convert those decisions to actions and deliver the sustainable success they desire. 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. Are you an impact player? There is some polarity when it comes to work-life balance. Can you make it happen? Salaries posted anonymously by Bain & Company employees in Reading, OH. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The most effective case book has arrived! In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Being a shareholder in the partnership obviously comes with benefits on their own. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Invalid empty value or special character. Learn how much management consultants make based on the firm and their experience level. While MBB firms froze salaries, they offered other perks, and there are some differences here. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. 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. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. Consulting Based on 462 salaries Consultant 170 salaries Associate Consultant 147 salaries View More Business Based on 82 salaries Manager 41 salaries Senior Manager 20 salaries Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. ramona car accident sunday; mountain meadows subdivision f you want to work for thetop three consulting firmsthen theres not much in it. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. But compensation is competitive from the beginning. Bain salary progression is quite steep relative to the corporate world. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. From here, two years reflects the average amount of time spent in each level before employees climb to each of the following ranks: Manager, Principal, and finally Partner. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. 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. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. Strategy consulting firms spent a lot on pay. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst Learn more Apply Now This equates to $116,000 in base salary and $53,000 in performance bonuses. Let us know if you spot any inconsistencies in our data. 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. Yet, top performers can rise to $220,000 at the high end. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. . Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the Bain associate salary level. We even created Excel templates and PowerPoint presentations. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. The estimated additional pay is $85,928 per year. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. Bain & Company Salaries How much do Bain & Company employees make? 3 salaries for 3 jobs at Bain & Company in Reading, OH. While this is generous, it's a lot less than the511k ($687k)Goldman Sachs spent compensating its average UK employee last year. A comprehensive guide to Bain & Company Salary in 2020! At McKinsey, the figure remains at $45,000. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. Average salaries for Bain and Company Consultant: [salary]. Find thousands of job opportunities by signing up to eFinancialCareers today. At Bain, we champion the bold to achieve the extraordinary. Contribute Manager Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Associate Consultant $118K. 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 |
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