bain consultant salary uk bain consultant salary uk

What does it take to be a Bain management consultant? 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. 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. We can help you get your desired MBB consulting offer. There is some flexibility to this schedule in comparison with some other top consulting firms. In most other developed countries, the salary ranges from $150,000 to $220,000 (profit sharing not included). 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. Yet, top performers can rise to $220,000 at the high end. The firm advises. 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Bain & Company Salaries How much do Bain & Company employees make? 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, All access pass: 550+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases. 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. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Competition for talent is high, and it has driven salaries up. But an increasing number of boutique firms are appearing on the stage with traditional players. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Private Equity / VC Jobs verfgbar bei eFinancialCareers. Based on 6389 salaries posted anonymously by Bain & Company Consultant I employees in Crete. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. At Bain, we champion the bold to achieve the extraordinary. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. In this article, lets find out and compare Bain salaries across different positions in 12 countries. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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. BCG Online Case (+ Pymetrics, Spark Hire), Bain Aptitude Tests (SOVA, Pymetrics, HireVue). 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. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Average salaries for Bain and Company Consultant: [salary]. 28 emails packed with tips. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. 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. The highest-paying job at Bain & Company is a Partner with a salary of $527,574 per year. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. Learn how this feature works. 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. 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. FlashFash). 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. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. 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. The average Bain Partner Salary is in the neighborhood of $322,000 per year! Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Download resume templates and watch in-depth, step-by-step resume advice videos. A comprehensive guide to Bain & Company Salary in 2020! Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. If there is any room for negotiation it will be with the sign-on bonus. 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. 73% of these revenues were spent on pay. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. 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. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. Based on 6 salaries posted anonymously by Bain & Company Bain Associate Consultant employees in West Drayton, England. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. My path to Bain has been interesting. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" agree, these aren't close to the actual salaries you earn (particularly at the senior levels). I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. Our model gets smarter over time as more people share salaries on Glassdoor. Looking for the best preparation to ace your case interviews? Salary negotiation is highly unlikely at these levels. Required fields are marked *. 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 -. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. Deloitte Consulting in the UK pays its consultants 91,000. Can you make it happen? And find the best graduate job opportunities on Bright Network. McKinsey also offers to pay 50% of MBA tuition for returning interns. ), 2023 eFinancialCareers - All rights reserved. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. If this is accepted, do not expect more than a few percents of your base salary, but you should also be ready for your request to be declined. My path to Bain has been interesting. Contact: sbutcher@efinancialcareers.com, Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. But theres no single answer to the question of what a Bain salary is, of course. Read more about Consulting Salaries For MBA & Masters Graduates. Find Jobs ETR: Careers. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Basic salaries at top firms 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. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. 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. Two-to-three years out of an MBA program, Bain manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. Master's-level graduates get offered around $112,000 in base salary at Bain. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. What is the S.T.A.R. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.8, fairly clear and guaranteed what the floor will be. Jonathan Paul, Associate Consultant #atBain Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. In the UK, these employees earned an average salary of 90,000, with performance bonuses of up to 41,250. 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 Consultant Salary in 8 countries 2016 in US Dollar Equivalents. 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.