bain consultant salary uk

out of network benefits, fertility benefits, best - culture is that people take their vacation. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. Holy crap. Being smart means GMAT score, GPA, undergraduate institutionusually being a graduate from a top MBA program has that covered. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Plus sample case and fit interview videos. 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. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Salary discussions are very important for most applicants at McKinsey, the Boston Consulting Group (BCG), and Bain after having invested significant amounts of money and time into their prestigious education. 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. Bain Case Team Leader Salary in 8 countries 2016 in US Dollar Equivalents. Extraordinary Outcomes. 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. Based on 6 salaries posted anonymously by Bain & Company Management Consultant employees in Maldon, England. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 2021-Apr. 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. EA to C-Suite in Temporary, Fintech, EA with Bain and Gray. Private Equity / VC Jobs verfgbar bei eFinancialCareers. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. 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. 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. Base: $90,000 (UK: 65,000, Canada: CA$80,000, China: 310,000, India: 1,800,000), Performance Bonus: up to $22,500 (UK: 6,000, Canada: CA$10,000, China: 50,000, India: 200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, 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), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. Zurich, Switzerland . MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. 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. On top of that, employees are eligible for up to $41,250 in performance bonuses. Consultant $202K. 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. The significant difference also holds true for new hires with an MBA or PhD. Boston Consulting Group (BCG) Total compensation: up to US$206,250 The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 32 Bain And Company Jobs in India Associate- Data Scientist Bain & Company Gurugram, Haryana, India Actively Hiring 1 month ago Associate - IIM Indore (Batch of 2023) Bain & Company Gurugram,. Industry Sector . Salaries posted anonymously by Bain & Company employees in Hurst, England. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. 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. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. 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. also get a week off for christmas in addition, At Bain, we champion the bold to achieve the extraordinary. My path to Bain has been interesting. Office: Washington, D.C. The community relies on everyone sharing. 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. Related Searches:All Consultant Salaries|All Bain & Company Salaries. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. 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 the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. In 2021, all three BBM firms were only paying $90k salaries. A comprehensive guide to Bain & Company Salary in 2020! Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. ), and one-time work-from-home bonuses have become more common. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. But theres no single answer to the question of what a Bain salary is, of course. 715 salaries for 117 jobs at Bain & Company in Hurst, England. Based on 6389 salaries posted anonymously by Bain & Company It Consultant employees in Crawley. Bain promotes top performers faster and rewards them better than at other firms. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Competition for talent is high, and it has driven salaries up. 2021 local clinical excellence awards (LCEAs) The single unit for awards granted between 1 April 2018 and 31 March 2022 is now valued at 3,092. How much do Bain & Company employees make? At this level, youre expected to leverage your professional network to bring in clients. Learn how this feature works. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. . Junior partners or non-equity partners would make USD ~350k and young partners start at around USD 700k per year, both with more than 50% of their salary being variable based on a combination of their performance and their firms performance. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" 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. Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. 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. Bonuses at the undergraduate entry-level have been as low as 0 and as high as 6,000 depending on the firm. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. While MBB firms froze salaries, they offered other perks, and there are some differences here. This is comparatively high compared to graduate salaries in most other fields. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. As with any consulting firm, your Bain consulting salary will rise as you climb the pre-defined career paths. Being a shareholder in the partnership obviously comes with benefits on their own. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. We can help you get your desired MBB consulting offer. Learn about the award and see why employees love working at Bain. What is the S.T.A.R. This is comparatively high compared to graduate salaries in most other fields. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). 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)! From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. Again, there are some nuances when it comes to perks for MBA and PhD hires. Why consulting? 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. And find the best graduate job opportunities on Bright Network. 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. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. McKinsey does pay less than other firms at the lowest entry-level, but beyond that, the differences with other firms are not large enough to be meaningful. Forbidden characters: \. FlashFash). Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. 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. Eventually it will unless its offensive or libelous (in which case it wont. 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. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. Management Consultant. Consulting salary grows at 5 percent annually on average. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. Download our full salary and bonus survey here. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Most of them cite a similar array of pros, which include a supportive, collaborative, and friendly environment among colleagues, an endless stream of opportunities for career development, the excellent Bain consultant salary, and a constantly stimulating & educational environment. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. 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. 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. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 3 salaries for 3 jobs at Bain & Company in Reading, OH. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. 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). At Bain, we champion the bold to achieve the extraordinary. 2022 salaries and bonuses for master's and undergraduate hires at elite consulting firms. The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. 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. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. Bain looks for practical, leadership experience. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. 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 & Company Bain & Company/Facebook Potential total compensation: up to $216,250 Signing bonus: $30,000 (UK, 15,000, Switzerland: CHF 35,000) Relocation: $8,000 for under 400 miles;. bain consultant salary uk. Weiter zum Hauptinhalt Weiter zum Hauptinhalt LinkedIn. Management Consultant compensation at Bain ranges from $126K per year for Associate Consultant to $288K per year for Manager. Bain Manager Salary Managers at Bain design and oversee projects for clients. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. The firm advises. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The figures are drawn from Management Consulted. Eventually it will unless its offensive or libelous (in which case it wont.). Key factors include education/certification, work experience & seniority, and each employees personal profile. 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. Average salary for Bain & Company Bain Associate Consultant in West Drayton, England: [salary]. 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. Also, certain employees will earn a different actual base for a variety of reasons. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with 2020. Our model gets smarter over time as more people share salaries on Glassdoor. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. 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. The community relies on everyone sharing. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. There is some polarity when it comes to work-life balance. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. In terms of living costs and compared to the average salaries, countries like Germany come out on top. 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. Employees maintain this role for 6-24 months before rising to the level of Consultant.

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