Jonathan Paul, Associate Consultant #atBain I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. 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. Website: www.bain.com Headquarters: Boston, MA Size: 10000+ Employees Founded: 1973 Type: Company - Private Industry: Business Consulting Revenue: $5 to $10 billion (USD) Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future. Generally, the bonus is normally distributed. The earthquake disaster in our country is heart-wrenching. New hires can expect relocation support payments between USD 2k and 10k. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Some receive only 10% of the potential payout. We are a global consulting firm working with the worlds leading businesses to More. The data presented on this page does not represent the view of Bain & Company and its employees or that of Zippia. Highest Paying Department At Bain & Company. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. Title Sample Salary Salary Comparison; Partner: $285,000 Benchmark Your Job: Senior Manager: $154,000 Benchmark Your Job: Director/Principal (11+ yr exp) $146,000 Benchmark Your Job: Manager: $98,000 Benchmark Your Job: Sr Consultant (3-5 yr exp) $83,000 Benchmark Your Job . Each promotion to a higher level will also coincide with a salary leap. Compare pay for popular roles and read about the team's work-life balance. At Bain & Company, the employees are paid different salaries depending on their location. Workers in the retail department can earn an average of $154,921 per year. Check out the latest Senior Manager Jobs or see Senior Manager Salaries at other companies. 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)! Case Team Leaders can make up to $242,000 per year, while Managers, Partners and Principals may earn as much as $1,000,000. Senior managers, serve as leaders for both case teams and clients. See all Senior Manager salaries to learn how this stacks up in the market. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Read Jonathan Paul's full story! 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. The highest paying role reported at Bain is Management Consultant at the Manager level with a yearly total compensation of $287,900. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The higher paying positions at Bain & Company include principal, senior manager, team leader, and requirements manager. The typical Bain & Company Senior Manager salary is $211,269. Masters-level hires get performance bonuses of up to $22,500 and signing bonuses of $5,000. In most other developed countries, the salary ranges from $60,000 to $80,000 (profit sharing not included). This is the employer's chance to tell you why you should work for them. Without realizing it, we created a consulting company, a very bad one with one client, but a consulting company, nonetheless" Read Jonathan Paul's full story! 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. 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 have any questions regarding the different interview processes, reach out toinfo@strategycase.comwe are always happy to help! 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. Your input helps Glassdoor refine our pay estimates over time. The information provided is from their perspective. You can take a look at our in-depth write-up on management consulting starting salaries for more information on entry-level comp packages. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. Subscribe to Bain Insights, our monthly look at the critical issues facing global businesses. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Get Paid, Not Played . Find out the highest paying jobs at Bain & Company and salaries by location, department, and level. Join the Levels.fyi community to chat with employees at Bain and other tech companies. The salary figures in this article are for those joining management consulting positions in 2023. 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. We've negotiated thousands of offers and regularly achieve $30k+ (sometimes $300k+) increases. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Take a look at our senior roles. These tests assess candidates skills (numerical reasoning, verbal reasoning, and logical reasoning). Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. Senior Managers make $118,906 per year on average, or $57.17 per hour, in the United States. We even created Excel templates and PowerPoint presentations. The whole country is working hand in hand to heal the wounds. The salary starts at $93,964 per year and goes up to $89,622 per year for the highest level of seniority. On the lower end of the pay scale, the warehouse and plant/manufacturing functions pay lower wages, with average employee salaries of $37,415, and $65,254, respectively. According to our data, the highest paying job at Bain & Co. is a Partner at $300,000 annually while the lowest paying job at Bain & Co. is a Marketing Intern at $30,000 annually. 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. Check out the latest Senior Manager Jobs or see Senior Manager Salaries at other companies. In order to succeed, you will learn to cultivate talented groups of people and collaborate with multiple teams. 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! I was going to help people solve problems. Your input helps Glassdoor refine our pay estimates over time. My path to Bain has been interesting. The earthquake disaster in our country is heart-wrenching. Appreciate any information! The wages at L.E.K. 3 Comments Shares 2 . In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. Senior Manager salaries at Bain & Company can range from 78,253 - 130,000 per year. See if they're hiring! In terms of living costs and compared to the average salaries, countries like Germany come out on top. These numbers are just starting salaries. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Find out what salary you could earn at Bain & Company after an MBA or masters degree. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-CA","id": "div-AdSlot-leqhfq1l", "fluid": true }, Stock Bonus, Commission Sharing, Tips have not been reported for this role. Search for all salaries on our .css-ytumd6{-webkit-text-decoration:none;text-decoration:none;}.css-1r6gwl{margin:0;color:#0060b9;-webkit-text-decoration:none;text-decoration:none;}compensation page or add your salary to help unlock the page. See if they're hiring! Compared to the industry average of $90,571 per year, the average annual salary at Bain & Company is $89,339, which is 1.36% lower. Jonathan Paul, Associate Consultant #atBain I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. While the average employee salary at Bain & Company is $89,339, there is a big variation in pay depending on the role. Machine Learning Engineer salary in the United States at Bain & Company. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $143,000 - $215,000 look to you? Help make it more accurate by, Native Hawaiian or Other Pacific Islander, average salary for a Senior Manager is $119,026 per year in United States. The total average salary comes in at $98,000 with the additional pay consisting of cash bonuses, profit sharing, and commission sharing. Check out the latest Bain & Company Jobs, At Bain, we champion the bold to achieve the extraordinary. My path to Bain has been interesting. Benefits can add thousands of dollars to your offer. How accurate does $143,000 - $215,000 look to you? Learn about the award and see why employees love working at Bain. The estimated base pay is $200,191 per year. Consulting average higher than the other similar companies, where the median salary is $137,256 per year. We're excited to share that we've ranked #1 on Glassdoor's Best Places to Work UK list and #3 on Glassdoor's Best Places to Work U.S. list! Jonathan Paul, Associate Consultant #atBain I grew up in Trinidad and Tobago, which is a tiny twin-island country in the Caribbean, next to Venezuela. The estimated additional pay is $128,992 per year. Read more about Consulting Salaries For MBA & Masters Graduates. Internally, senior managers have a seat and a voice at the leadership table you'll play a pivotal role in the office as you fulfill various leadership roles, increase practice-area expertise, intensify Bain's positivesocial impactand supportassociate consultantsandconsultants. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The median yearly total compensation reported at Bain is $153,125. The salaries that employees earn in Bain & Company can be influenced by the department or organization function that they work in. This estimate is based upon 3 Bain & Company Senior Manager salary report (s) provided by employees or estimated based upon statistical methods. Geographic location can impact the pay for employees at Bain & Company as well. Intern salaries such as the McKinsey . New York, NY. Florian spent 5 years with McKinsey as a senior consultant. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. This is a formal promotion and a significant career turning point at either firm. Additionally, cities like San Francisco and Boston also report highly competitive salaries for Senior Managers at Bain & Company. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. This includes base salary as well as any potential stock compensation and bonuses. Our pain is indescribable. Additional pay could include bonus, stock, commission, profit sharing or tips. Bain & Company: $250,000; BCG (Boston Consulting Group): $250,000; McKinsey & Company: $250,000; Big 4 Senior Consultant Salaries. Intern salaries such as the McKinsey internship salary or McKinsey summer internship salary are usually pro-rated. The average salary for a Senior Manager is 79,162 per year in United Kingdom, which is 33% lower than the average Bain & Company salary of 119,000 per year for this job. The solidarity that has been shown is our only comfort. After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Yes, the pay is good at Bain & Company. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. Bain & Company may also be known as or be related to Bain & Co Inc, Bain & Company, Bain & Company Inc. and Bain & Company, Inc. MBB Senior Consultant Salaries. To apply, you'll need to submit the following items, plus any additional requirements for the main office you wish to join: Keith Bevans, partner and global head of consultant recruiting, dives deeper into the stories of some extraordinary Bain people, from their perspectives. Bain & Company employees earn an average salary of $89,339 in 2023, with a range from $50,000 to $158,000. 1 reactions. You'll learn to view entire fields, refine your general management skills, drive business decisions and build the firm's assets. The whole country is working hand in hand to heal the wounds. 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