Consultant Salary UK - Management Consulted The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. ), and one-time work-from-home bonuses have become more common. Salaries estimates are based on 270 salaries submitted anonymously to Glassdoor by Strategy Consultant employees in the London, United Kingdom. Help make it more accurate by, Get started with your Free Employer Profile, average salary for a Consultant is $70,432 per year in United States, The Ultimate Job Interview Preparation Guide. That figure, like all the figures here (except for the final section), reflects the Bain and Company salary in the US only. Looking for the best preparation to ace your case interviews? 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 Consultants in the US can make up to $226,500 each year, with $165,000 from base salary, $41,500 from bonuses, and $20,000 from shared profits. Bain and Company Consultant Salaries | Glassdoor An undergrad may earn $88,000 base salary and an MBA full-timer $165,000. 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. Keith Bevans, head of global consultant recruitment at Bain & Company, tells BusinessBecause he looks for three key characteristics on any resume: Are you smart? MBA hires at Bain get PTO vacation of 25 days per year. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. Bain & Company - Associate Consultant Athens 2023 They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Data Modeller and Strategy Consultant - cwjobs.co.uk 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. Where analysts tend to receive a 10% bonus, as a post-MBA you are more likely to get 20-40%. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. 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. In exchange for putting in some long hours at Bain, you will learn an incredible amount from highly intelligent and knowledgeable people clients and colleagues across a wide range of business functions. 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. However, employees say that in practice, Bain tends to adhere to the average schedule detailed above. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is higher as they enter at a higher position. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Managers at Bain design and oversee projects for clients. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. 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. Add signing bonus, relocation allowance, retirement benefits, and even profit-sharing (in some countries) along with health insurance and relocation benefits. Can you make it happen? MBA or experienced hires can expect to join at a more senior level and at approximately double the starting salary of an undergraduate. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. 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 consultant salary uk. 150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School Your bonus changes a lot (and quickly) throughout the ranks. MBA, PhD Grads Can Make $200,000 at These 15 Consulting Firms MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. Read Jonathan Paul's full story! bain consultant salary uk 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. 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. Based out of Bain India and like it here, but curious about the other side if I'm missing something in terms of opportunities. Bain & Company Qa Consultant Salaries in Maldon | Glassdoor BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. For new hires coming out of undergraduate or masters degree programs, the base salary averages $90,000 per year. ramona car accident sunday; mountain meadows subdivision The average Bain & Company salary ranges from approximately $38,943 per year for a Receptionist to $527,574 per year for a Partner. Explore Roles | Bain & Company Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The estimated additional pay is $85,928 per year. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. 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. The consulting industry has been booming in recent years, and going hard after top talent. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Yet, top performers can rise to $220,000 at the high end. 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. 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. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Although a pension contribution may not be top of mind for some, the percentage contributed by each firm varies widely. Bain & Company Salaries How much do Bain & Company employees make? Let us know if you spot any inconsistencies in our data. Learn how much management consultants make based on the firm and their experience level. However, still more employees claim that this is at best a dream for most employees, who often struggle to maintain this balance in actual practice. How Much Does Bain & Company Pay in 2023? (6,389 Salaries) This is comparatively high compared to graduate salaries in most other fields. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" They will usually remain at that level for up to two years. BCG offers the best base salaries of the top-3 firms and is likely to offer the highest entry-level to experienced professionals. In 2021, all three BBM firms were only paying $90k salaries. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Bain & Company Salaries in London, United Kingdom | Glassdoor This equates to $116,000 in base salary and $53,000 in performance bonuses. While MBB firms froze salaries, they offered other perks, and there are some differences here. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. 9 out of 10 candidates who go through our 1-on-1Ready-for-McKinsey interview coachingget the offer. Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. Bain promotes a culture that values each employees ability to exercise autonomy over the pace of their own progression. I was going to help people solve problems. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bain Management Consultant Salary | $126K-$288K+ | Levels.fyi Bain Associate Consultants in the US can make up to $122,500 each year, with $90,000 from base salary, $22,500 from bonuses, and $10,000 from shared profits. 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 -. All consultants receive the same contribution and this ranges from 6-12% of salaries at different firms. Senior Associate Consultant $137K. Youll build a powerful network in the process. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. Also, certain employees will earn a different actual base for a variety of reasons. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Husky Football Face Mask, Wellington Phoenix Players Salary, Anthony Bourdain New Orleans Layover, Otsego High School Athletics . These 2019 salaries are pretty accurate for first year hires who just graduated with their MBA/PhD. 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. McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year. Get instant job matches for companies hiring now for Contract Data visualisation jobs near Sabines Green from Data Science, Database to Consulting and more. New hires can expect relocation support payments between USD 2k and 10k. 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. Learn how this feature works. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Accenture Strategy Consultants in the UK have a salary that clocks in a bit lower at 83,000. Why consulting? 8 full cases with solutions (incl. Hedge fund Brevan Howard hired NatWest's ex-head of euro swaps trading, Big banks might have slowed hiring, but boutiques have not. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. 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.
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