BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. According to PayScale, t he average Management Consultant salary in India is 1,149,770. 1x email per week - max. 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 . 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. That's a rare thing to find at other places." (Only 1% of applicants to McKinsey actually get hired.) Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Get a free, personalized salary estimate based on today's job market. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. looking for a job openings at BCG in consulting areas ~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. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Written by RocketBlocks experts. London, England Metropolitan Area. 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! Amber Grewal, managing director and partner of global recruiting at BCG, says she looks for consultant candidateswho can demonstrate intellectual curiosity, resilience, analytical rigor, and an ability to work with ease in a team and cultivate relationships. - Katie Williams, Senior Director The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. The diagram above shows how pay varies per career level. Get a free, personalized salary estimate based on today's job market. OK year? 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 Potential bonuses can be from $90,000 to $130,000. If you have solid credentials and interest in being a part of mega transformations in the region while earning a tax free salary, let's chat ;), What level (and comp) could you enter other consulting firms with the following background: I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. UK employees of the BCG tend to be behind the US employees when it comes to salary. So all in all, the total compensation for a junior partner can be between $500k and $1m. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Ok, now, let's put it all together. You're in the right place. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). Average salary for Boston Consulting Group Managing Director And Partner in New York City: US$502,050. The additional pay consists of cash bonuses and profit sharing. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. Complete H1B Salaries information for the Boston Consulting Group INC with Minimum, Average and Maximum Salaries given by Job Title . The Middle East and North African offices of strategy giant Boston Consulting Group (BCG) have kicked off the year with the promotion of four leaders to its top managing director and partner level - Gianluca Barca, Antoine Samaha and Mohamed Mahmoudi in the United Arab Emirates, and Seddik El Fihri in the firm's Casablanca outlet in Morocco. 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. The Boston Consulting Groups characteristics in their consultants are that they are creative, impactful, passionate, and team players. My . 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. They provide their services across the world to various businesses and help clients with their unique challenges. The average Boston Consulting Group salary ranges from approximately 33,471 per year for a Research Associate to 168,252 per year for a Principal. You'll find people from all walks of life at BCG. 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. BCG Partner Salary After ten or more years with the company, an employee may rise to the senior partner/director position. -- Morgan Cummings Gray, McKinsey Engagement Manager. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. Get a free, personalized salary estimate based on today's job market. Nov 2016 - Present6 years 5 months. Learn how much management consultants make based on the firm and their experience level. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. BCG has firms set up in numerous places across the globe. Boston Consulting Group. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. Masters hires were earning a compensation package of: If youre an incoming MBA hire, your starting salary is $165,000 a year, and you can earn a performance bonus of up to $41,250 as well as a signing bonus of $30,000. I have deep expertise in strategy, operations, transformation, implementation and large capital . 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. In addition, those who spent 2020 getting used to this new way of conducting business and living will help them get hired into the BCG. The base salary provided by BCG is $200,000 to $220,000. Name. Salary details differ when it comes to a different country like the UK. 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. 13 percents of the salary are above $200K, . Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm. The biggest perks are for: This firm hires people with broad business knowledge. - Katie Williams, Senior Director Your input helps Glassdoor refine our pay estimates over time. Salary estimates are based on 13 latest salaries received from various employees of BCG. 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. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). How accurate does US$368,997 - US$645,338 look to you? Typically, a career at BCG starts with being an associate. Great year? Upon comparing salaries of the employees by location, Switzerland employees have the highest average salary as of March 2021.LocationAverage SalarySwitzerland$207,000USA$147,000Australia$145,000UAE$130,000Singapore$116,000Germany$114,000. Those who have set out on a, Preparing for an interview is crucial. Their bonuses lie between $350,000 and $550,000. Managing Director salary at BCG ranges between 70.0 Lakhs to 300.0 Lakhs per year. Like the salaries, BGC UK employees typically have lower performance bonuses too. 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. and their pay differs accordingly. 2K followers 500 . Leading the Automotive and Mobility Practice Successfully worked on and led projects across N. America, S. America,. The estimated base pay is $226,728 per year. 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 Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? 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 Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. - Gregory Boison, Managing Director and Partner Your input helps Glassdoor refine our pay estimates over time. Your email address will not be published. Your email address will not be published. He also leads the Center for Macroeconomics at the BCG Henderson Institute. Finally, it's worth noting that the senior partner range isn't evenly distributed. Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. Description: after 2-4 years as a Project Manager (Level III), signals greater focus on relationship management and commercial skills. An incoming masters hire can expect a starting base salary of $110,000 at BCG. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. There are many considerations that contribute to salary packages to include the following: Things like recruiting take up a huge amount of time. A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. Managing Director (MD) You generally "make partner (equity owner)" sometime between 35 and 50. "I thought about returning to BCG almost the whole time I was away. That's a rare thing to find at other places." 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+. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. With four to five years out of MBA, this is the second promotion for BCG employees. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Work closely with BCG senior partners and managing directors, applying your strong communication and negotiation skills to meet staffing and development needs in ways that optimize the workforce. Required fields are marked *. Your input helps Glassdoor refine our pay estimates over time. Explore BCG jobs today. Average BCG Managing Director salary in India is 218.8 Lakhs per year. 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. Very good overall Health Insurance Package, 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. 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. Along with the opportunity to work at the cutting-edge of business, a typical BCG consultant salary hits a lucrative six-figures. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. Jr. It is headquartered in Boston, Massachusetts, and was founded in 1963. A principal has an average salary of $201,000. An example of data being processed may be a unique identifier stored in a cookie. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. Get a free, personalized salary estimate based on today's job market. A shared commitment to our core values. Managing Director & Partner at The Boston Consulting Group in India. However, this is good news for the potential BCG hires that spent time adapting to a crisis. Leaves are less. Their MBA peers joining BCG can earn a performance bonus of up to $50,000 and have a signing bonus of $30,000. Average salaries for Boston Consulting Group Managing Director And Partner: [salary]. The qualities BCG looks for in candidates are qualities that are often valued during a time of crisis; resilience, focus on teamwork, and working well under pressure. 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. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. 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. No. In addition, their performance bonuses are more than $500,000 a year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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.. Continue with Recommended Cookies. Manage Settings 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Director. So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. Dive into the principles that shape our business. The UK does not have the same dynamic solid. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'howigotjob_com-large-mobile-banner-1','ezslot_13',199,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-1-0'); They have a base salary that is between $450,000 and $650,000. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. The acceptance rate is less than 1%, making the selection at BCG highly competitive. Consultant Salary in India 2020. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. How accurate does 2,96,00,169 - 3,15,19,615 look to you? Boston Consulting Group partners with leaders in business and society to tackle their most important challenges.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. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods.
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