Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. 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. There are junior partners and senior partners. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Sample answers from ex-McKinsey, BCG and Bain consultants. New hires and consultants are expected to have an agile mindset, work with a team, and collaborate with colleagues since consultants need to know how to work in a virtual environment. They also get up to $4,400 per year dropped into their 401k retirement account as part of a profit-sharing initiative for employees. At BCG India, we.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the BCG associate salary level. A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. Consultant Salary in India 2020. A shared commitment to our core values. Partner & Director = Managing Director & Partner Three separate steps So OP you could get bumped up to P&AD Like Share 1 2Y a Principal 1 No, you could become a "director and partner" which is the expert version of our regular partners which are called "managing director and partner" Like Share 1 2Y Authora Strategy Director Company performance: how is the business performing overall? Know Your Worth. Are you looking for a workplace that supports your personal growth even after you leave? 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. So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. "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: US$502,050. Your input helps Glassdoor refine our pay estimates over time. BCG Project Leader Salary in 12 countries 2016 in US Dollar Equivalents, BCG Project Leader salary in 12 countries 2016 in US dollar equivalents. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". 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 . Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. They support and consult with their clients regarding good opportunities and addressing challenges by providing expert opinions and analysis based on their expertise. They do not get a salary, instead being paid a share of the profits of th. These numbers are just starting salaries. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. Dive into the principles that shape our business. A shared commitment to our core values. Each stage of the hiring process needs to be carefully prepared: Online Application Potential Tests Fit Interview Case Interview. You'll find people from all walks of life at BCG. Continue with Recommended Cookies. Boston Consulting Group Salaries How much do Boston Consulting Group employees make? Managing Director/Partner salaries at Boston Consulting Group can range from 2,92,51,235-3,17,66,192. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. Real interview drills. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. BCG Associate salary in 12 countries 2016 in US dollar equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). $2,000,000. And well never share your email. They usually work on one project at a time and empower organizations to grow. Select your job title and find out how much you could make at Boston Consulting Group. Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. What do they all have in common? For MBA hires, the total compensation package was:if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'howigotjob_com-banner-1','ezslot_4',195,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-banner-1-0'); This data and analysis were by Management Consulted. However, the pay in BCG usually ranges from $90,000 to $5 million. Managing Director/Partner salaries at Boston Consulting Group can range from 2,96,00,169-3,15,19,615. Part. 461 records was found, Median Salary is $165000. 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: And for a senior partner we are looking at a salary of up to $5m+. BCG Partner Salary. This is just their base pay, though. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. The estimated base pay is $226,728 per year. Average Boston Consulting Group Director salary in India is 78.7 Lakhs for experience between 15 years to 21 years Director salary at Boston Consulting Group India ranges between 46.0 Lakhs to . That's a rare thing to find at other places." In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). Two-to-three years out of an MBA program, BCG manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. Please try again later. On Fishbowl, you can share insights and advice anonymously with Boston Consulting Group employees and get real answers from people on the inside. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. Operations Manager Salary (4 salaries) 19.7L 6.6L 35.5L . - Gregory Boison, Managing Director and Partner See all Managing Director/Partner salaries to learn how this stacks up in the market. Join 90,000+ on the #1 consulting prep channel! So after 2-3 years principal, you become a salaried partner and then after 2-3 years you become a Managing Director & Partner with equity in the firm. Know Your Worth. 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. Average salary for Boston Consulting Group Managing Director And Partner in Worsley: [salary]. In the US, partners at Bain & Co can expect to make $324,000 annually in base . Principal The average Boston Consulting Group salary ranges from approximately 33,471 per year for, The highest-paying job at Boston Consulting Group is, The lowest-paying job at Boston Consulting Group is, Get started with your Free Employer Profile, Partner and Managing Director salaries - 2 salaries reported, Managing Partner salaries - 2 salaries reported, Partner Managing Director salaries - 1 salaries reported, Managing Director and Partner salaries - 1 salaries reported, Senior Partner and Managing Director salaries - 1 salaries reported. This requires three interviews in Round 1 and three in round 2 of a Fit and Case. Upon passing all this, you may be offered a spot in BCG. Thinking of moving from BCG to Mckinsey. Additional pay could include bonus, stock, commission, profit sharing or tips. This article is updated annually. Time is split across several teams to give content and . An incoming masters hire can expect a starting base salary of $110,000 at BCG. There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. As does speaking at conferences, boosting the businesss brand, mentoring and alike. Managing Director (MD) You generally "make partner (equity owner)" sometime between 35 and 50. Roughly, Principal is now a 2 year role vs a 4 year role previously. Explore BCG jobs today. That's a rare thing to find at other places." TOEIC> 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. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'howigotjob_com-medrectangle-4','ezslot_2',193,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-medrectangle-4-0'); A partner does more than give their expert opinion to clients. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. We are also particularly proud to rank in the top 5 for all 6 Diversity categories. Average salary for Boston Consulting Group Managing Director And Partner in Toronto: $466,741. *Fiscal Year for US Dept of Labor starts from Oct 1st, ends Sep 30th. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 13 percents of the salary are above $200K, . Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. Managing Director & Partner at The Boston Consulting Group in India. Get a free, personalized salary estimate based on today's job market. We and our partners use cookies to Store and/or access information on a device. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. What do I mean by this? salary and responsibility ladder looks like you can see that here, Consulting career path, compensation and responsibilities, Recruiting: office selection considerations, Published: July 14, 2017 | Last updated: May 7, 2020. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. It is headquartered in Boston, Massachusetts, and was founded in 1963. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Learn how much management consultants make based on the firm and their experience level. Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. You're in the right place. A shared commitment to our core values. How long to wait for a telephonic interview? - Gregory Boison, Managing Director and Partner The ins and outs of a successful cybersecurity, The ins and outs of a successful cybersecurity career, An associate partner's base salary is around $300K to $400K, A junior partners base salary is around $400k - $500k, A senior partners base salary is around $500k - $650k. In addition, their performance bonuses are more than $500,000 a year. Each promotion to a higher level will also coincide with a salary leap. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods You're in the right place. The screening process provides a resume, a cover letter, a one-way interview with HR, and a BCG potential test. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. This is much lower than the average a US consultant makes, which is $165,000. Dive into the principles that shape our business. But, if youre in it for the long run, this is it, and this is now. 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." A senior partner's base salary is around $500k - $650k There are many considerations that contribute to salary packages to include the following: Personal brand & contributing to the business Things like recruiting take up a huge amount of time. So all in all, the total compensation for a junior partner can be between $500k and $1m. There is also some variance over the size of relocation packages, with Bain being the most generous. An example of data being processed may be a unique identifier stored in a cookie. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. Jr. The rates are resilience, focus, focusing on teamwork, and working well under pressure. 2K followers 500 . International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. Their pay ranges from $210 K to $289 K a year. This estimate is based upon 1 Boston Consulting Group Managing Director and Partner salary report (s) provided by employees or estimated based upon statistical methods. Comprehensive guide to BCG salary in 2020! BCG Project Leader salary (2020) Base: $178,000 Performance Bonus: Up to $60,000 Answer (1 of 5): Answering from a U.S. perspective. The lowest-paying job at Boston Consulting Group is a Research Associate with a salary of 33,471 per year. Since late 2021, I have served as the global leader for the firm's Strategy business. Explore BCG jobs today. Partner, total compensation: $500K - $1M, Sr. The UK does not have the same dynamic solid. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000.Such high salaries is a major point of attraction for the top job applicants to go for the Boston Consulting Group so if you are wondering what is BCG consultant salary is in different countries and at different positions, lets find out in this article. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. Over the years, I have developed a broad set of skills, experience and interests, to keep myself relevant in this highly competitive world. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. Managing Director and Partner salaries at Boston Consulting Group can range from $448,010-$489,144. Name. At BCG India, we.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. About. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Managing Director & Partner at BCG | Global Topic Lead Climate & Sustainability in TCI | Climate Risk, Adaptation and Resilience Kln, Nordrhein-Westfalen, Deutschland. Required fields are marked *. BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? Between the beginning of 2015 and fall 2021, I led BCG in Switzerland and served on our Regional Leadership Team. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . However, the promotions and raises are just as rewarding as the effort needed to be put in. Partner, total compensation: $1M - $5M+. Salary details differ when it comes to a different country like the UK. Get RocketBlocks. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. There are various career levels at BCG like associate, consultant, project leader, partner, etc. This is the starting figure that almost every partner is guaranteed to make. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. 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 . 2022 MConsultingPrep | Intellectual Property protected by DMCA. In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. - Katie Williams, Senior Director - Katie Williams, Senior Director Zia Siddiqui, EU Business School MBA (pictured below): My department at BCG were looking for someone who could start immediately and I got my contract just after finishing my MBA. Your input helps Glassdoor refine our pay estimates over time. What do they all have in common? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-medrectangle-3','ezslot_6',191,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-medrectangle-3-0'); BCG is a company that provides consulting services. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. All BCG Salaries Last Updated: 17 Sep 2022 Similar Designations in BCG MBA hires are also given 15 days of paid time off a year at BCG. The additional pay consists of cash bonuses and profit sharing. Principal. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. 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. According to PayScale, t he average Management Consultant salary in India is 1,149,770. 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. My . Their MBA peers joining BCG can earn a performance bonus of up to $50,000 and have a signing bonus of $30,000. Quick answer: between $500K - $5M. They earn $90,000 per year and have bonuses that can be up to $18,000. Those who have set out on a, Preparing for an interview is crucial. Get a free, personalized salary estimate based on today's job market. Beyond is where we begin. Senior consultants with three to five years of experience earn an average of $109,000, A consultant who has only a year or two of experience makes an average of $62,000, Up to $4,400 per year in their $401,000 retirement account, $10,312 per year in their 401K retirement fund. Board of Directors in BGC PARTNERS INC. For its 2021 fiscal year, BGC PARTNERS INC, listed the following board members on its annual proxy statement to the SEC. The estimated base pay is $225,883 per year. Boston Consultant Group is a vast company that ranges far and wide around the globe. The Boston Consulting Group Inc H1B Salary 2021. .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 estimated base pay is $225,883 per year. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-box-4','ezslot_5',194,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-box-4-0'); According to Management Consulted, the total compensation for BCGs new hires has grown a lot. Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. That's a rare thing to find at other places." Associate Principal/ Senior Project Leader With four to five years out of MBA, this is the second promotion for BCG employees. 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. Save my name, email, and website in this browser for the next time I comment. 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. 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. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. The consent submitted will only be used for data processing originating from this website. Partner and Managing Director salaries at Boston Consulting Group can range from $368,997-$645,338. Managing Director and Partner. 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." BCG Principal salary in 7 countries 2016 in US dollar equivalents. Working at BCG has so much to offer. 2. Consulting Based on 544 salaries Senior Associate 152 salaries Consultant 145 salaries View More Research & Science Based on 376 salaries Analyst 62 salaries Afterward, if you qualify, the selection process takes place. Help our clients do amazing work while unlocking the potential of those who advance the world. The acceptance rate is less than 1%, making the selection at BCG highly competitive. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. Its annual revenue in 2021 was $11 billion. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Note: Salaries for consulting roles can vary immensely. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. Engage in conversations about Partner and Managing Director pay with other professionals in the community. According to Glassdoor, Partners earn on average $252,055 a year. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Further details of this event have been sent to your previously entered email address. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. ", "I recommend RocketBlocks to everyone at Wharton who asks. No spam. The estimated base pay is $225,883 per year. I have deep expertise in strategy, operations, transformation, implementation and large capital . Something went wrong. ~2 years at BCG, 6 months at a high tech startup that collapsed, and 1 year as a Senior Manager in corporate strategy with direct c suite interactions regularly. Total Compensation. You will also be responsible for identifying new business opportunities and contributing to their growth and development. There is a steeper increase in compensation too when youre promoted to the next level. . Dive into the principles that shape our business. I am a Managing Director & Partner with Boston Consulting Group. I've written a lot about the consulting career path and for anyone interested in what the salary and responsibility ladder looks like you can see that here. What does AP comp and lifestyle look like? .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? Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. You're in the right place. Are you looking for a workplace that supports your personal growth even after you leave? Get a free, personalized salary estimate based on today's job market. Managing Partner Salary (33 salaries) 233.9L 75.0L 500.0L. 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. You're in the right place. BCG introduced "Partner" a couple years ago to reward people earlier. The average based salary that partners in the United States can expect to receive is $344,000, with the total average salary being between $1m and $1.2m. they might have a differential policy on holidays in different countries, BCG formally started operations in India in 1995, opening its offices after nearly a decade of work in the country. Explore Career Opportunities in Australia Office Leadership Anthony Roediger
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