GoofyHamster

Bain adjusts its bonus compensation payout

While actual bonus amount hasn't changed, they've adjusted the % for high performers. 4 raters were previously paid 150% and 5 raters were paid 200%

Not like I had motivation to work hard enough for a 4 anyway but now it's not even worth much lol

12mo ago

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QuirkyPretzel

EY12mo

This seems not as bad as the reduction that McKinsey has seen - 50% reduction basis what I read recently in their bonuses

Is 4 mandatory for promotions?

JumpyPenguin

Zomato12mo

Yep definitely not as bad for sure, I wonder if McKinsey has really seena 50% cut of their entire bonus or just the profit linked component (Bain doesn't have this) - I guess time to reach out to some Mck friends :P

GoofyHamster

Swiggy12mo

Nope, don't need a 4 - just a 3 upwards

JumpyPenguin

Zomato12mo

Love how they tried to mask it under a "Congratulations for your hard work" kinda mail 😂

Also low key annoyed to announce this at the end of your performance review, they should've ideally made it effective next year onwards

SqueakyPenguin

Student12mo

What kinda work do you do at Bain??

JumpyPenguin

Zomato12mo

Can be super wide ranging - really depends on the project and client you get assigned to. Each project can be anywhere between 3 months to a year

For eg, right now I'm working for an eCom client helping them with their growth strategy

PeppyQuokka

Nomura12mo

This structure is applicable for Associate Consultants as well ? Do they get these type of bonuses as well ?

JumpyPenguin

Zomato12mo

Yep, everyone has a performance bonus component

FluffyNugget

Plivo12mo

Not really getting how big the hit is. Like can u give example of ur compensation and what bonus u were expecting but what u’ll get instead ?

GoofyHamster

Swiggy12mo

You're right, it isn't a big hit for most employees.

But for 5 rater (someone who really outperformed), they would know receive say a 15L bonus vs a 3 rater still gets 10L. In the previous system, outperformers would get a 20L bonus

FluffyNugget

Plivo12mo

Woah didn’t know 2 digit bonuses are even possible. Idk the base u guys are getting but a bonus is still a bonus - there’s no guarantee of same or more profit just like stock price.