bain consultant salary uk bain consultant salary uk

Learn how much management consultants make based on the firm and their experience level. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Master's-level graduates get offered around $112,000 in base salary at Bain. Bain just increased paternal leaves (all genders) to 21 weeks. bain consultant salary uk. technique - and why do banks like it? 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. Consulting salary grows at 5 percent annually on average. Average salary for Bain & Company It Consultant in Crawley: 27,037. 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. 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 The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Its one of the benefits of consulting but it is in line with other top-tier consulting firms. 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. Management Consulting Salaries (2023) This is a breakdown of management consulting salaries in 2022. Management Consultant. Average salary for Bain & Company Management Consultant in Maldon: 96,081. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. agree, these aren't close to the actual salaries you earn (particularly at the senior levels). ), and one-time work-from-home bonuses have become more common. 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. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. Visit PayScale to research Bain & Company Inc. salaries, bonuses, reviews, benefits, and more! bain consultant salary uk 2021 . Bain Manager Salary Managers at Bain design and oversee projects for clients. 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. 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. Read Jonathan Paul's full story! 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. Yet, top performers can rise to $220,000 at the high end. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! Based on 6389 salaries posted anonymously by Bain & Company Qa Consultant employees in Maldon. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. And the Brain brand is very strong. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. But compensation is competitive from the beginning. There is some polarity when it comes to work-life balance. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Averages based on self-reported salaries. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Across 64 cities in 39 countries, we work alongside our clients as one team with a. In terms of living costs and compared to the average salaries, countries like Germany come out on top. BCG held its retirement contribution a $10,312, after a big hike in 2019 while Bain has kept its contribution steady at $8k. 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. Required fields are marked *. Bain compares well to companies across industriesthe firm is ranked among the best companies to work for by Glassdoor. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The most effective case book has arrived! technique - and why do banks like it? Contribute Manager Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. All of those can add up to a nice sum, making competition for these roles extremely competitive. 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. 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. I was going to help people solve problems. Baindidn't break out its U.K. headcount in its report, but the company employs 12,000 people globally, around 1,200of whom are listed on LinkedIn as working in the UK. Bain Associate Consultant 52,271/yr Avg. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. While MBB firms froze salaries, they offered other perks, and there are some differences here. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Specialist, Consulting Programs. Learn about the award and see why employees love working at Bain. Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. 1996-2023 Bain & Company, Inc. The community relies on everyone sharing. 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. 7 Contract Data visualisation jobs in Sabines Green on CWJobs. 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. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Anonymously share your salary to help the community, Averages based on self-reported salaries. Plus sample case and fit interview videos. Your input helps Glassdoor refine our pay estimates over time. Access all the online resources you need for success in your case and fit interviews. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. As well as Bain consultant salary benefits, careers at Bain come with many perks. Strategy consulting firms spent a lot on pay. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. At the time, I wondered why other companies hadnt thought of this genius business strategy. Only 1% of candidates receive consulting offers from Bain & Company. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Consulting also has a fast career progression and meritocratic pay, which means that top performers stand to gain a high sum in a comparatively short period of time. 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. Some receive only 10% of the potential payout. 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) Join to apply for the Specialist, Consulting Programs role at Bain & Company Email Password (8+ characters) You may also apply directly on company website . Lets compare the entry level salaries between both countries. 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. Boston Consulting Group (BCG) Total compensation: up to US$206,250 Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Manager $268K. 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. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. You can expect the salary progression of the top 3 firms to look similar to the chart below. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Closes 30 Mar 2023 Ref HW/15450 Job Title EA. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Sarina Schefer und Jobs bei hnlichen Unternehmen erfahren. Jonathan Paul, Associate Consultant #atBain It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 20227 Monate. 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. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. Have a confidential story, tip, or comment youd like to share? 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 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. 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. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. 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. ramona car accident sunday; mountain meadows subdivision 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. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. 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)! The average additional cash compensation for a Strategy Consultant in the London, United Kingdom is GBP 4,697, with a range from GBP 1,367 - GBP 16,140. 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. Total Pay 38,105/yr Base Pay 3,811/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Analyst CaseCoachs Interview Prep Course includes all the video lectures, sample interviews, case material, and practice tools you need. 73% of these revenues were spent on pay. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Join 90,000+ on the #1 consulting prep channel! Yet, top performers can rise to $220,000 at the high end. 8 full cases with solutions (incl. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. There is some flexibility to this schedule in comparison with some other top consulting firms. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. The estimated total pay for a Consultant at Bain & Company is $245,538 per year. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Managers at Bain design and oversee projects for clients. 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. Its on the level of McKinsey or an Ivy League education. Competition for talent is high, and it has driven salaries up. 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)! 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.