Bain vs McKinsey ?? which is the better place to start? Have a confidential story, tip, or comment youd like to share? Bain wants to know what impact youve made in your role, rather than what youre responsible for. Office: Washington, D.C. Its on the level of McKinsey or an Ivy League education. 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. McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year. The figures are drawn from Management Consulted. The most effective case book has arrived! The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. We even created Excel templates and PowerPoint presentations. Help make it more accurate by adding yours. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Overall, our data shows that there isnt much difference in compensation between firms. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. Your input helps Glassdoor refine our pay estimates over time. 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. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. How to Break into Consulting with a PhD or Advanced Degree And find the best graduate job opportunities on Bright Network. Senior Associate Consultant $137K. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Until this year, however, pay at the big consulting firmshad been climbing. 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). Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Bain & Company Management Consultant Salaries in Maldon bain consultant salary uk. Any update on the Mck comp. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. 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 | He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. 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 & Company Consulting Practice Manager Salaries in Maldon, England 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. Total Pay Range Consultant 167 Salaries submitted 112,914 95,729 | 22,406 96K - 125K Associate Consultant 144 Salaries submitted 58,000 52,668 | 7,778 54K 64K Senior Associate Consultant 57 Salaries submitted 76,736 65,469 | 12,000 70K 81K Add your salary. Holy crap. Sarina Schefer - Associate Consultant - Bain & Company | LinkedIn 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. My path to Bain has been interesting. Audience: All students Location: Statler 185 Learn More Mar 06 Pay scales for consultants in England - British Medical Association The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. The community relies on everyone sharing. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Jobs in United Kingdom | Careers | Boston Consulting Group - BCG Lets compare the entry level salaries between both countries. The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. If there is any room for negotiation it will be with the sign-on bonus. Consulting salary grows at 5 percent annually on average. A Bain associate principal salary sits at around $275-to-$350,000, while Bain partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Learn how much management consultants make based on the firm and their experience level. Bain Associate Consultants in the US can make up to $242,000 each year, with $175,000 from base salary, $37,000 from bonuses, and $30,000 from shared profits. Plus sample case and fit interview videos. Bain & Company It Consultant Salaries in Crawley | Glassdoor Say youre in charge of organizing a major student conference: How did you deal with organizational challenges? 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. Have a confidential story, tip, or comment youd like to share? Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. Know Your Worth. Consultant Bain & Company Mrz 2023-Heute1 Monat Zurich, Switzerland Seed Investor Xinterra Jan. 2022-Heute1 Jahr 3 Monate Singapore Xinterra's purpose is to create materials faster and more. The average salary for a Consultant is $70,432 per year in United States, which is 71% lower than the average Bain & Company salary of $245,538 per year for this job. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. There is some polarity when it comes to work-life balance. At the time, I wondered why other companies hadnt thought of this genius business strategy. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. - UK U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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 -. On top of that, employees are eligible for up to $41,250 in performance bonuses. How much do Bain & Company employees make? Eventually it will unless its offensive or libelous (in which case it wont. In this article, lets find out and compare Bain salaries across different positions in 12 countries. If you have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! 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. 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. Average Bain & Company Inc. Salary in United Kingdom | PayScale Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. The estimated additional pay is $85,928 per year. FlashFash). Salary Expectations at Top Consulting Firm from Graduate to Partner The starting salaries of consulting firms vary between 25,000 and 60,000 in the UK; this article looks at the top 60 consultancies in the UK and their starting salaries for undergraduates. 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. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. 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. 2022 MConsultingPrep | Intellectual Property protected by DMCA. However, top partners can make $1M+ or more comp at this level is variable, with the biggest factor being the amount of work you sell. I was going to help people solve problems. Download our full salary and bonus survey here. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. MBA hires at Bain get PTO vacation of 25 days per year. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Entdecken Personen E-Learning . My path to Bain has been interesting. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Bain & Company Salary (2020) | MConsultingPrep Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. The guide to pay at Bain, McKinsey, BCG and the Big Four How much do consultants at McKinsey, BCG, and Bain make (in USD)? McKinsey, Bain, BCG Increase MBA Consulting Salaries For 2023 At this level, youre expected to leverage your professional network to bring in clients. 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. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. ), and one-time work-from-home bonuses have become more common. Apply Today. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. In this article, well tell you just about everything there is to know about a Bain and Company consultant salary. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. 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. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. You can expect the salary progression of the top 3 firms to look similar to the chart below. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. The difference in the Bain consulting salary in the US versus the UK is instructive, as it reveals how big a role the location of your home office makes in your actual Bain salary. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Looking for the best preparation to ace your case interviews? Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Your email address will not be published. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. Bain just increased paternal leaves (all genders) to 21 weeks. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. The reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Join 90,000+ on the #1 consulting prep channel! Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 28 emails packed with tips. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. 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) View the base salary, stock, and bonus breakdowns for Bain's total compensation packages. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. The significant difference also holds true for new hires with an MBA or PhD. Find thousands of job opportunities by signing up to eFinancialCareers today. 73% of these revenues were spent on pay. Explore Roles | Bain & Company Read Jonathan Paul's full story! Sabine Neuhaus - Consultant - Bain & Company | LinkedIn Mattiellistrasse 3/28, 1040 Vienna, Austria, Florian Smeritschnig Case Coaching (5 Session Package). The discrepancy is almost certainly down to the fact that strategy consultants like Bain employ an evenlarger proportion ofjunior staff than investment banks do. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. OneDay @BCG Learn more Bain & Company Management Consultant Salaries in Maldon, England 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. 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. Bain Principals and Partners in the US can make up to $1,000,000 each year, with $400,000 from base salary, and $600,000 from bonuses. 8 full cases with solutions (incl. Industry Sector . The community relies on everyone sharing. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Bain & Company Salaries trends. 1996-2023 Bain & Company, Inc. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. MBA, PhD Grads Can Make $200,000 at These 15 Consulting Firms 7 Contract Data visualisation jobs in Sabines Green on CWJobs. The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. Extraordinary Outcomes. What is the S.T.A.R. Master's-level graduates get offered around $112,000 in base salary at Bain. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. The average Bain Partner Salary is in the neighborhood of $322,000 per year! 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. ), 2023 eFinancialCareers - All rights reserved. I was going to help people solve problems. Thats not to mention all the add-ons. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. How to Write Effective Consulting Resumes and Cover Letters, free interview prep material in your inbox, Sign-up to MBB Case Interview Prep Course. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Contract Data visualisation Jobs in Sabines Green | Contract Data 38 Bain And Company Jobs in India - LinkedIn Forbidden characters: \. 2022 consulting salaries: how much top management consultants earn Eventually it will unless its offensive or libelous (in which case it wont.). 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. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). The Bain salary in other countries varies for obvious reasons. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. 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. Marleen F. - Associate Consultant - Bain & Company | LinkedIn Private Equity / VC Jobs verfgbar bei eFinancialCareers. Bain Consultant Salary | What Could You Earn At Bain & Company? Apply today for the Associate Consultant Athens 2023 with Bain & Company. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Bain recruits MBA and masters level consultants from top US business schools including Harvard, Wharton, and Stanford as well as schools outside the US like INSEAD, HEC Paris, and London Business School. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Posted 02 Mar 2023. And then theres the 401k contributions up to $8,000, and a signing bonus up to $30,000. Access all the online resources you need for success in your case and fit interviews. We even created Excel templates and PowerPoint presentations. To improve your skills in all areas of the interview, check out our targeted offers below. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Jonathan Paul, Associate Consultant #atBain Associate Consultant Bain & Company Dec 2022 - Present4 months Article Trainee KNAV Sep 2019 - Sep 20223 years 1 month Mumbai Education The Institute of Chartered Accountants of India - 2018 -. Competition for talent is high, and it has driven salaries up. These aren't remotely accurate and aren't even the correct job titles. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Averages based on self-reported salaries. 73% of these revenues were spent on pay. Bain's consultant salary in the UK is the highest out of the three at 97,000. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. 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. Each firm has a set base salary at a given entry point and decides the entry point based on the candidates experience and interview performance. This is a breakdown of management consulting salaries in 2022. Management Consultant. They are slightly higher for 2020. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Management Consulting Salaries (2023) - Case Interview Yet, top performers can rise to $220,000 at the high end. New hires can expect relocation support payments between USD 2k and 10k. Bain & Company Consultant I Salaries in Valpo, IN | Glassdoor Are you an impact player? Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. The community relies on everyone sharing. 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. 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. 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. This is comparatively high compared to graduate salaries in most other fields. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Bain salary progression is quite steep relative to the corporate world. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" A comprehensive guide to Bain & Company Salary in 2020! The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. The estimated additional pay is $85,928 per year. technique - and why do banks like it? It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Bain Consultant Salary in 8 countries 2016 in US Dollar Equivalents. Based on the applicants tenure and experience, the top 3 consulting firms in the US pay signing bonuses in the range between USD 5k (for business analysts) and 30k (for senior associates and project leaders). Youll build a powerful network in the process. 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. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Bain & Company Salaries How much do Bain & Company employees make? The average Bain & Company salary ranges from approximately 38,105 per year for, The highest-paying job at Bain & Company is, The lowest-paying job at Bain & Company is, Get started with your Free Employer Profile, OTC Equity Derivatives Client Relationship Manager, 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.

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