bain consultant salary uk

Strategy consulting firms spent a lot on pay. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. 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. Our offices in London are conveniently located a stone's throw from the vibrant Soho area and within the East London business district of Canary Wharf. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. They also tend to honor the standard up-or-out policy, even if its not a hard and fast rule. In the UK, the average Bain and company salary at this level is 45,000, with a performance bonus of up to 11,250. Bain salary progression is quite steep relative to the corporate world. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. The management consulting industry: the free CaseCoach guide for candidates, What consultants at McKinsey, BCG and Bain actually do, Salary Expectations at Top Consulting Firm from Graduate to Partner, Why People Leave Management Consulting After Only 2-4 Years, Invalid special character. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. In this article, we want to give you an insight into how much money you can expect and how your salary will progress as you move up the ranks at the different strategy consulting firms. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Bain Associate Consultant Salary in 8 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). To improve your skills in all areas of the interview, check out our targeted offers below. The community relies on everyone sharing. But if you work for one, you'll earn a lot less on average than if you work for an investment bank. 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. If you are overcoming hardships, we wanna help! Find thousands of jobs in financial services and technology by signing up to eFinancialCareers 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. Averages based on self-reported salaries. 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. My path to Bain has been interesting. Apply today for the Associate Consultant Athens 2023 with Bain & Company. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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 reported global range for the Bain consultant salary at this level was $40,000 up to $110,000. 1996-2023 Bain & Company, Inc. Learn about the award and see why employees love working at Bain. However, if you have a good rationale for requesting a sign-on bonus you should ask. Each promotion to a higher level will also coincide with a salary leap. The average salary for Bain & Company Inc. employees in United Kingdom is 46,401 per year. MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. This figure is used to determine an NHS employer's funding commitment for their LCEA round in a given year. 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 -. At McKinsey, the figure remains at $45,000. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Associate Consultant $118K. Salary 28.00ph - 38.00ph +holiday pay . 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. 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. We even created Excel templates and PowerPoint presentations. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Deloitte Consulting in the UK pays its consultants 91,000. Bain & Company Salaries trends. Related Searches:All Consultant Salaries|All Bain & Company Salaries. 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. Bain promotes top performers faster and rewards them better than at other firms. Learn more Apply Now Download resume templates and watch in-depth, step-by-step resume advice videos. Know Your Worth. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. 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. At the time, I wondered why other companies hadnt thought of this genius business strategy. A typical compensation package is made up of the basic salary, the bonus, and the pension contribution. We even created Excel templates and PowerPoint presentations. 28 emails packed with tips. Let us know if you spot any inconsistencies in our data. Management Consultant. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. 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 | In terms of living costs and compared to the average salaries, countries like Germany come out on top. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. "Andrea Orcel is an excellent banker but his pay rise is extreme". 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, 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 consultant salary ukrestoration companies near paris. Have a confidential story, tip, or comment youd like to share? 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. Bain & Company Salaries How much do Bain & Company employees make? The salary figures in this article are for those joining management consulting positions in 2023. 73% of these revenues were spent on pay. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Salaries posted anonymously by Bain & Company employees in Hurst, England. 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 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. Jonathan Paul, Associate Consultant #atBain 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 consultant salary uk. Until this year, however, pay at the big consulting firmshad been climbing. Contribute Manager 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. Were excited to share that weve ranked #1 on Glassdoors Best Places to Work UK list and #3 on Glassdoors Best Places to Work U.S. list! Invalid empty value or special character. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. 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. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. This might be the case, for instance, if you have to give up your end of year bonus at your current employer. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. While MBB firms froze salaries, they offered other perks, and there are some differences here. If you are thinking of applying to McKinsey, BCG or Bain, make sure to sign up to our newsletter and receive free interview prep material in your inbox. Additional pay could include bonus, stock, commission, profit sharing or tips. In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Thats not to mention all the add-ons. The salary growth itself is steep as you get promoted. 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. Extraordinary Outcomes. Across 64 cities in 39 countries, we work alongside our clients as one team with a. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 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. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The Bain consultant salary situation is even more lucrative for new hires with an MBA or a PhD. The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. 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. This is comparatively high compared to graduate salaries in most other fields. Well also take a look at the nature of the career path at Bain, as well as employee reviews. Bain Associate Consultant 52,271/yr Avg. Are you an impact player? For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. 6 Contract Data Modeller jobs in Cold Harbour, Rainham on CWJobs. How much do consultants at McKinsey, BCG, and Bain make (in USD)? From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You can expect the salary progression of the top 3 firms to look similar to the chart below. There is some polarity when it comes to work-life balance. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Signing bonuses across all three firms remain at $30,000. Download our full salary and bonus survey here. Average salary for Bain & Company Management Consultant in Maldon, England: [salary]. At Bain, we champion the bold to achieve the extraordinary. 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). Bain's consultant salary in the UK is the highest out of the three at 97,000. Contact:sbutcher@efinancialcareers.comin the first instance. 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. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. 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. He published his book The 1%: Conquer Your Consulting Case Interview in January 2023. Were excited to share that weve ranked #1 on Glassdoors Best Places to Work UK list and #3 on Glassdoors Best Places to Work U.S. list! 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 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.

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