Find out what BCG consultant salary prospects are for MBA and masters graduates. The latest news as of August 2021 is that BCG is bumping their base pay by $10,000 for consultants and associates. Finally, it's worth noting that the senior partner range isn't evenly distributed. Total Compensation. Thank you for registering your attendance to How Much Can a Partner at Mckinsey, BCG Or Bain Actually Make?. After this comparison, it is safe to conclude that its better to be in a BGC located in the US. Hence, if this is where your passion lies and you think youre cut out for it, go for it! A shared commitment to our core values. BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe. 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. BCG, MD are generally partner equivalent The comp is a bit different with Big4 firms and partner type firms. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. BCG has firms set up in numerous places across the globe. BCG Consultant yearly salary in the US can be up to $215,500, with $165,000 from base, $41,500 from bonuses and $9,000 from profit sharing. Principal. BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? A good friend of mine who spent 8 years at Bain said "honestly, partner compensation feels like a black box for most of the partners! Take a look at our alumni community: "People have been very understanding and accommodating of me having young children and blocking out time for them. Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. You'll find people from all walks of life at BCG. Leading the Automotive and Mobility Practice Successfully worked on and led projects across N. America, S. America,. Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. The pandemic changed the way a lot of businesses worked. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Managing Director and Partner at Boston Consulting Group (BCG) I Head of Biopharma Germany, Austria, Switzerland and Central Eastern Europe Frankfurt, Hessen, Deutschland 1354 Follower:innen 500+ Kontakte The base salary provided by BCG is $200,000 to $220,000. Boston Consulting Group Salaries in Hong Kong 44 salaries (for 23 job titles) Updated 3/2/2023 44 Boston Consulting Group employees have shared their salaries on Glassdoor. This includes metropolitan areas like Atlanta, Philadelphia, etc. BCG introduced "Partner" a couple years ago to reward people earlier. Average salaries for Boston Consulting Group Partner And Managing Director: [salary]. London, England Metropolitan Area. The diagram above shows how pay varies per career level. - Katie Williams, Senior Director We are also particularly proud to rank in the top 5 for all 6 Diversity categories. Further details of this event have been sent to your previously entered email address. Like Share 1 3Y McKinsey & Company 2 Mckinsey is BA/associate, Engagement Manage, Associate Partner, Partner, Senior Partner. BCG Project Leader yearly salary in the US can be up to $266,000, with $178,000 from base, $60,000 from bonuses and $18,000 from profit sharing. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. BCG principals typically earn between $350,000 and $420,000 after being out of MBA for six to eight years. Firm bonus calculation See all Partner and Managing Director salaries to learn how this stacks up in the market. However, the promotions and raises are just as rewarding as the effort needed to be put in. 1x email per week - max. The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. The average salary for a Partner and Managing Director is $155,358 per year in United States, which is 70% lower than the average Boston Consulting Group salary of $518,441 per year for this job. BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. The salary figures in this article are for those joining management consulting positions in 2023. MANAGING DIRECTOR AND PARTNER: 300,000: SAN FRANCISCO, CA: 05/20/2021: 10/01/2021: THE BOSTON CONSULTING GROUP INC: MANAGING DIRECTOR AND PARTNER: 300,000: NEW YORK, NY: Ok, now, let's put it all together. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does US$368,997 - US$645,338 look to you? This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. TOEIC> Jobs Join now Sign in Chris Stutzman Managing Director and Partner at BCG X, North America lead BCG X Design New York, New York, United States . Something went wrong. The estimated additional pay is $292,558 per year. The company works with clients from the public and private as well as not-for-profit sectors in all areas. Accomplished management consultant and business leader with 21+ years experience across diverse geographies including Europe, Asia Pacific, Middle East, Africa and Emerging Markets, known to be highly skilled in building . Your email address will not be published. BCG Project Leader salary (2020) Base: $178,000 Performance Bonus: Up to $60,000 This employer has claimed their Employer Profile and is engaged in the Glassdoor community. This is a fun topic to discuss. Take a look at our alumni community: "People have been very understanding and accommodating of me having young children and blocking out time for them. And for a senior partner we are looking at a salary of up to $5m+. What does AP comp and lifestyle look like? Leave Requesting Emails- Types of Sample Emails. Managing Partner Salary (33 salaries) 233.9L 75.0L 500.0L. The rates are resilience, focus, focusing on teamwork, and working well under pressure. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. Every firm has a different way of calculating partner compensation, so it can vary but they all generally look at the same drivers: Cases sold: what business did you bring in? Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. Jr. Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. The estimated salary at Boston Consulting Group ranges from approximately $41,405 per year for Finance Associate to $214,081 per year for Principal Consultant. A shared commitment to our core values. McKinsey also offers to pay 50% of MBA tuition for . A senior product manager in Consultancy can earn 2,254,402 on an average, whereas Management consultant in IT earn on an average 1,504,283. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". This is a breakdown of management consulting salaries in 2022. Although MBB are very guarded when it comes to the actual formula when it comes to paying partners' annual salaries, the answer to the question is anywhere between $500k - $5m+. The average salary for a Partner and Managing Director is US$493,526 per year in New York City, NY, United States, which is 1% lower than the average Boston Consulting Group salary of US$502,050 per year for this job. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. Managing Director and Partner salaries at Boston Consulting Group can range from $448,010-$489,144. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. Bain & Company Partner Salary. Average salary for Boston Consulting Group Managing Director And Partner in Toronto: $466,741. . .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. As the world becomes more digital, incoming consultants will need to have an agile mindset, the ability to work in cross-functional teams, and seamlessly collaborate with colleagues in a virtual environment," says Amber. According to Management Consulted, in top consulting firms you can typically expect a 10-to-20% increase in your base compensation and/or performance bonuses each year. Masters graduates can expect 15 days per year of paid time off. However, the pay in BCG usually ranges from $90,000 to $5 million. Here are some practical guidelines to help increase your chance of getting hired: 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. looking for a job openings at BCG in consulting areas Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. In addition, their performance bonuses are more than $500,000 a year. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Consultant Salary in India 2020. OK year? Real interview drills. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). "I thought about returning to BCG almost the whole time I was away. Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. The Boston Consulting Groups characteristics in their consultants are that they are creative, impactful, passionate, and team players. The estimated base pay is $226,728 per year. Explore BCG jobs today. You will also be responsible for identifying new business opportunities and contributing to their growth and development. Average BCG Managing Director salary in India is 218.8 Lakhs per year. A BCG associate principal salary sits at around $275-to-$350,000, while BCG partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. BCG Gamma Salary BCG Gamma is a division of BCG focusing on data science and advanced analytics. Managing Director and Partner Boston Consulting Group (BCG) 2010 - Present13 years Canberra, Australia Previously based in BCG's London, Melbourne, Mumbai and Kuala Lumpur offices. Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. When comparing average salaries with career levels, the data below shows the difference between each. BCG stands for Boston Consulting Group, which is an American management consulting firm. A partners salary starts at $450,000 with a performance bonus of over $500,000. (Only 1% of applicants to McKinsey actually get hired.) A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. Take a look at our alumni community: "People have been very understanding and accommodating of me having young children and blocking out time for them. based on 13 latest salaries. UK employees of the BCG tend to be behind the US employees when it comes to salary. A principal has an average salary of $201,000. That's a rare thing to find at other places." Let's look at the three big factors that drive that variance: While everyone generally just says "Partner" all of these firms have multiple tiers of Partners and these types tend to have different fixed, base salaries. They support and consult with their clients regarding good opportunities and addressing challenges by providing expert opinions and analysis based on their expertise. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. How accurate does 2,95,93,447 - 3,18,30,968 look to you? For example, in the future, you could imagine the base salary and bonus formula for an implementation partner or digital labs partner to be different than pure "strategy." I missed the well-rounded people at BCGtheir immense creativity and outgoing energyand although I worked with some great people in my other roles, I hadnt experienced anything else like BCG." Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. That's a rare thing to find at other places." Beyond is where we begin. The estimated hourly pay at Boston Consulting Group ranges from approximately $11.34 per hour for Project Manager to $88.05 per hour for Data Engineer.. .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 2,96,00,169 - 3,15,19,615 look to you? The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. - Katie Williams, Senior Director BCG Principal salary in 7 countries 2016 in US dollar equivalents. Dive into the principles that shape our business. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-leader-2','ezslot_15',605,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-2-0'); Partners are the highest-paid BCG employees at $533,000, and interns are the lowest-paid employees at BCG with $35,000. But, if youre in it for the long run, this is it, and this is now. From a compensation perspective, it's a pretty nice picture and now you'll understand why all these firms are flooded with resumes! This estimate is based upon 2 Boston Consulting Group Partner and Managing Director salary report(s) provided by employees or estimated based upon statistical methods. Managing Director and Partner. Associate Principal/ Senior Project Leader With four to five years out of MBA, this is the second promotion for BCG employees. Great year? Principal Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . A partner can earn on average $533,000 with bonuses and all. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. Since late 2021, I have served as the global leader for the firm's Strategy business. You're in the right place. According to Glassdoor, Partners earn on average $252,055 a year. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Glassdoor has listed this firm as one of the worlds best companies to work for. A shared commitment to our core values. The lowest-paying job at Boston Consulting Group is a Research Associate with a salary of 33,471 per year. There is a screening process and a selection process. Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. Based on 7 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Red Bank, NJ. Get a free, personalized salary estimate based on today's job market. Name. BCG Project Leader Salary in 12 countries 2016 in US Dollar Equivalents, BCG Project Leader salary in 12 countries 2016 in US dollar equivalents. Formed in 1953, the Club is the most prominent institute in the UK-China community aiming to promote the economic relation and help understand China. Compare salaries for specific roles across different industries and areas of expertise.