The salary figures in this article are for those joining management consulting positions in 2023. Intern salaries such as the McKinsey . This estimate is based upon 3 Bain & Company Senior Manager salary report (s) provided by employees or estimated based upon statistical methods. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The most effective case book has arrived! After high school, I spent time as an elementary school teacher, and was then accepted to Amherst College where I studied Mathematics and Psychology. Only 1% of candidates receive consulting offers from Bain & Company. The solidarity that has been shown is our only comfort. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Bain & Company pays the lowest earners $50,000 a year, while the top 10 percent are paid over $158,000. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. The starting pay at Bain & Company is $50,000 per year, or $24.04 per hour. This estimate is based upon 3 Bain & Company Senior Manager salary report(s) provided by employees or estimated based upon statistical methods. Senior managers, serve as leaders for both case teams and clients. Stay ahead in a rapidly changing world. The estimated base pay is $200,191 per year. 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. Bain & Company: $250,000; BCG (Boston Consulting Group): $250,000; McKinsey & Company: $250,000; Big 4 Senior Consultant Salaries. The solidarity that has been shown is our only comfort. Bain Principal Salary in 5 countries 2016 in US Dollar Equivalents. See if they're hiring! Bain & Company pays $118,906 per year on average compared to L.E.K. Case Team Leaders can make up to $242,000 per year, while Managers, Partners and Principals may earn as much as $1,000,000. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. See if they're hiring! 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. 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. Each promotion to a higher level will also coincide with a salary leap. Learn about the award and see why employees love working at Bain. 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! In general, the salaries for top-tier strategy consulting firms are relatively similar, however, there are significant differences to lower-tier management consulting firms. When factoring in bonuses and additional . Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? We even created Excel templates and PowerPoint presentations. Learn how this feature works. I was going to help people solve problems. 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! .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $329,629 look to you? 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. The average salary for a Senior Manager is $119,026 per year in United States, which is 53% lower than the average Bain & Company salary of $253,681 per year for this job. Check out the latest Senior Manager Jobs or see Senior Manager Salaries at other companies. Bain & Company pays senior managers $57 an hour, on average. Required fields are marked *. Salary information comes from 36 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 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! There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Learn more about the Bain & Company New York City office. Our pain is indescribable. They get paid $8,000 for relocations of under 400 miles and $16,000 for over 400 miles. This estimate is based upon 20 Bain & Company Senior Manager salary report(s) provided by employees or estimated based upon statistical methods. MBA hires at Bain receive performance bonuses of up to $63,000 and a signing bonus of $30,000. The solidarity that has been shown is our only comfort. You can take a look at our in-depth write-up on management consulting starting salaries for more information on entry-level comp packages. Find out what salary you could earn at Bain & Company after an MBA or masters degree. This is the employer's chance to tell you why you should work for them. Additional pay could include bonus, stock, commission, profit sharing or tips. A free inside look at Bain & Company salary trends based on 4843 salaries wages for 470 jobs at Bain & Company. Employees at McKinsey & Company Inc earn an average of $127,073 per year, and the employees at Warburg Pincus earn an. Senior Managers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $142,000 a year, while the top 10% make $258,000. Manager's Assistant/Administrative Assistant. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. Consulting, which pays $219,242. Life is so expensive now Bain & Company McKinsey & Company Boston Consulting Group. 3 Comments Shares 2 . The typical Bain & Company Senior Manager salary is 119,000 per year. 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. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. This can be compared to New York, NY, where Bain & Company employees earn an average salary of $97,068. Consulting, McKinsey & Company Inc, and Warburg Pincus. The salary starts at $93,964 per year and goes up to $89,622 per year for the highest level of seniority. Bain's salary ranges from $12,178 in total compensation per year for Business Analyst to $287,900 for Management Consultant. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. 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 McKinsey & Company, Any of MBB announced salary increases to address inflation in the UK? It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. The estimated total pay for a Senior Manager at Bain & Company is $328,941 per year. Your email address will not be published. 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! Consulting or Boston Consulting Group would be a smart choice, as they are the highest-paying companies in this field. Bain - "Manager" Description: 3-7 years after grad school and responsible for day-to-day oversight of teams and main contact for client project leader. The salary trajectory of a Senior Manager ranges between locations and employers. Additional pay could include bonus, stock, commission, profit sharing or tips. New York, NY. 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 consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. 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 . Senior Managers make $118,906 per year on average, or $57.17 per hour, in the United States. To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), Administrative Assistant Salary At Bain & Company, Business Analyst Salary At Bain & Company, Operations Manager Salary At Bain & Company, Executive Assistant Salary At Bain & Company, Technical Support Specialist Salary At Bain & Company, Senior Accountant Salary At Bain & Company, Senior Data Analyst- Salary At Bain & Company, Marketing Coordinator Salary At Bain & Company, Staff Software Engineer At Bain & Company, Software Applications Engineer At Bain & Company, Digital Marketing Manager At Bain & Company, Associate Product Manager At Bain & Company, Senior Manager Salary At Boston Consulting Group, Senior Manager Salary At McKinsey & Company Inc, Senior Manager Of Research And Development. Holy crap. My path to Bain has been interesting. During a summer break in high school, my friends and I decided to create a company I thought would be revolutionary. The average salary for Machine Learning Engineer at Bain & Company in the United States is $285,556 per year, which is 103% above the national average. We focus on the worlds biggest consulting market, the US, and provide an indication of salary deltas to other geographies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Project managers (Engagement managers in McKinsey speak) can earn around USD 200k including up to 40% bonus payments. The employee data is based on information from people who have self-reported their past or current employments at Bain & Company. 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)! Bain & Company salary trends based on salaries posted anonymously by Bain & Company employees. 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! In the US, BAs working for Bain & Co can expect to make $86,000 annually in base salary. The median yearly total compensation reported at Bain is $153,125. Learn about the award and see why employees love working at Bain. The typical Bain & Company Senior Manager salary is $211,269. 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. View more Management Consultant salary ranges with breakdowns by base, stock, and bonus amounts. The estimated total pay for a Senior Manager at Bain & Company is $253,681 per year. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Learn about the award and see why employees love working at Bain. Can you make it happen? Check out the latest Bain & Company Jobs. 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. 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. Based on our data, Bain & Company employees in Washington, DC and New York, NY get paid the most. MBB Senior Consultant Salaries. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. At Bain & Company, the employees are paid different salaries depending on their location. 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). Zippia gives an in-depth look into the details of Bain & Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bain & Company. Bain & Company Senior Manager Reviews Updated Feb 17, 2023 Find Reviews Clear All English Filter Found 105 of over 6K Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First 4.5 97 % Recommend to a Friend 94 % Approve of CEO Manny Maceda 74 Ratings What people are saying about Bain & Company The higher you move up the ranks, the higher will be the variable performance-based salary component, hence variability in salaries increases. See all Senior Manager salaries to learn how this stacks up in the market. Geographic location can impact the pay for employees at Bain & Company as well. The higher paying positions at Bain & Company include principal, senior manager, team leader, and requirements manager. He is an experienced consulting interviewer and problem-solving coach, having interviewed 100s of candidates in real and mock interviews. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. { "name": "Native_infosite_salary_detail_fluid_en-US","id": "div-AdSlot-leqhfi12", "fluid": true }, Averages based on self-reported salaries. Stage 2 Online Test: One of the most widely-used test formats in Bain offices is aptitude tests. As part of the transition to firm leadership, the learning curve for managers is steep. 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. Senior Manager salaries at Bain & Company can range from 78,253 - 130,000 per year. 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. Some of the other roles at Bain & Company are packer and warehouse worker. 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. Below, we have compiled business analyst, associate, and project manager level salary breakdowns for McKinsey, BCG, and Bain for six major countries. 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. 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). Appreciate any information! Additionally, you can expect generous daily allowances, private insurance, health care and other benefits at the top consulting firms. Get Paid, Not Played . We can help you get your desired MBB consulting offer. The data presented on this page does not represent the view of Bain & Company and its employees or that of Zippia. The salaries that employees earn in Bain & Company can be influenced by the department or organization function that they work in. 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. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does $143,000 - $215,000 look to you? Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. Engagement managers in McKinsey speak ) can earn around USD 200k including up 40. 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