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. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Thats not to mention all the add-ons. The most effective case book has arrived! 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. These employees in the US earned an average base salary of $165,000 a year. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. Some receive only 10% of the potential payout. There is some flexibility to this schedule in comparison with some other top consulting firms. The Bain and Company salary has kept pace with the other top consulting firms: McKinsey, Boston Consulting Group, Deloitte, and more. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. 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. 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. 2022 MConsultingPrep | Intellectual Property protected by DMCA. The salary trajectory of a Consultant ranges between locations and employers. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Business school grads turned Bain consultants interviewed by BusinessBecause have praised Bains exciting work culture, but say work-life balance can be challenging: Michele Valente, HKUST Business School MBA: Find out if consulting is what you really want to do. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. 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! 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. 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. The Bain and Company salary differs for each employee, in accordance with a variety of factors and of course levels within the firm. Contribute Manager 3 salaries for 3 jobs at Bain & Company in Reading, OH. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Manager $268K. Bain and Company salary trends based on salaries posted anonymously by Bain and Company employees. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Additionally, how quickly and sharply you can expect your salary to rise as you progress in the firm. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. A staggering 94% of Bain employees and alumni would recommend the experience to a friend. 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. 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. Download resume templates and watch in-depth, step-by-step resume advice videos. And find the best graduate job opportunities on Bright Network. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! 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. Each promotion to a higher level will also coincide with a salary leap. Invalid empty value or special character. 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. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. 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). But if you work for one, you'll earn a lot less on average than if you work for an investment bank. The salary starts at $78,250 per year and goes up to $142,923 per year for the highest level of seniority. Bain Manager Salary Managers at Bain design and oversee projects for clients. 2021-Apr. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Contact:sbutcher@efinancialcareers.comin the first instance. 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. 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). Your input helps Glassdoor refine our pay estimates over time. Can you make it happen? How much do consultants at McKinsey, BCG, and Bain make (in USD)? He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Any update on the Mck comp. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. This is a breakdown of management consulting salaries in 2022. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. 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) The only big difference was that McKinsey doubled the threshold of its maximum performance bonus to $30,000. Are you an impact player? Average salaries for Bain and Company Consultant: [salary]. These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. 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. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. At this level, youre expected to leverage your professional network to bring in clients. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. The consulting industry has been booming in recent years, and going hard after top talent. 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. 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. There is also some variance over the size of relocation packages, with Bain being the most generous. 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.