You'll find people from all walks of life at BCG. 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. All BCG Salaries Last Updated: 17 Sep 2022 Similar Designations in BCG This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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: Consultant Salary in India 2020. Average salary for Boston Consulting Group Managing Director And Partner in New York City: US$502,050. Working Student - Regional HR - Global Specialty Businesses Required fields are marked *. What We Offer | BCG Culture & Values | BCG Careers, Get started with your Free Employer Profile, All Partner and Managing Director Salaries, average salary for a Partner and Managing Director is $155,358 per year in United States, The Ultimate Job Interview Preparation Guide. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . The pandemic changed the way a lot of businesses worked. 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? 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. A career in a consulting role in one of the top tier strategy consulting firms will most certainly enable you to have a challenging, diverse and fulfilling career engaging with some super smart folk whether you progress right through to Partner or decide to pursue a role in industry after reaching manager level and obtaining that illustrious tool kit. The Boston Consulting Group (BCG) Jul 2018 - Present4 years 6 months. .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? Moreover, this would also involve developing and managing client relationships. 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. So it all depends on their base salaries and bonuses. In my firm, Our comp is generally 35% base 35% bonus and 30% Long term equity based comp In my observation for a similar book of business the total comp if often comparable and is in the 10% of originated / managed revenue. 2. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. There is also some variance over the size of relocation packages, with Bain being the most generous. They earn $90,000 per year and have bonuses that can be up to $18,000. North America Leader, Tech Capital, Principal Investors and Private . Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. Partner, total compensation: $1M - $5M+. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. Their bonuses lie between $350,000 and $550,000. BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? Boston Consulting Group. Save my name, email, and website in this browser for the next time I comment. About. However, if you are an undergraduate student, you will most likely have to provide this test. You will also be responsible for identifying new business opportunities and contributing to their growth and development. Firm / office contributions: How much work are you doing to build the firm itself, further its brand (eg research, press, conferences), drive recruiting (eg run West coast recruiting), etc. The diagram above shows how pay varies per career level. How accurate does 2,95,93,447 - 3,18,30,968 look to you? Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. 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. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. 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. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). Beyond is where we begin. 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. Partner, total compensation: $500K - $1M, Sr. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. So all in all, the total compensation for a junior partner can be between $500k and $1m. What We Offer | BCG Culture & Values | BCG Careers. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. 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. Managing Director salary at BCG ranges between 70.0 Lakhs to 300.0 Lakhs per year. E.g. . 2K followers 500 . But, if youre in it for the long run, this is it, and this is now. BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. 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 year BCG moved up the rankings to #2 overall and ranked 1st place in an impressive 9 practice areas. On Fishbowl, you can share insights and advice anonymously with Boston Consulting Group employees and get real answers from people on the inside. BCG, MD are generally partner equivalent The comp is a bit different with Big4 firms and partner type firms. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. See all Managing Director/Partner salaries to learn how this stacks up in the market. 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." What We Offer | BCG Culture & Values | BCG Careers. Moreover, the firm also gave 18,000 travel points as a bonus to the consultants this spring. However, this is good news for the potential BCG hires that spent time adapting to a crisis. When comparing average salaries with career levels, the data below shows the difference between each. Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. Please try again later. Potential bonuses can be from $90,000 to $130,000. The estimated additional pay is $292,558 per year. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. Leaves are less. Know Your Worth. Engage in conversations about Partner and Managing Director pay with other professionals in the community. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Base salaries by partner level Junior partner: $350 - $500K Senior partner: $500 - $650K So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. Ted is a Partner and Managing Director of The Boston Consulting Group and now leads BCG's Globalization Practice in Greater China.Ted also led BCG's Strategy and Corporate Development practices in Greater China between 2009 and 2014. Thinking of moving from BCG to Mckinsey. Your input helps Glassdoor refine our pay estimates over time. Your input helps Glassdoor refine our pay estimates over time. The salary figures in this article are for those joining management consulting positions in 2023. What do they all have in common? BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. Principal. Total COMPENSATION. 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. Preparing for interviews? ~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. However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. The estimated base pay is $226,728 per year. For all the firms this matters a lot, although none of the elite firms do a direct commission off cases sold, likely because they don't want to directly incentivize "pushy" sales behavior. Know Your Worth. Since late 2021, I have served as the global leader for the firm's Strategy business. 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. It may occur before the interviews. 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 . Boston Consulting Group Salaries How much do Boston Consulting Group employees make? This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. These numbers are just starting salaries. An incoming masters hire can expect a starting base salary of $110,000 at BCG. There is a screening process and a selection process. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. See all Partner and Managing Director salaries to learn how this stacks up in the market. This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. 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: Stock Bonus, Commission Sharing, Tips have not been reported for this role. Get a free, personalized salary estimate based on today's job market. This article is updated annually. I remember being floored when I first joined BCG and saw the salary bands presented internally! 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 rates are resilience, focus, focusing on teamwork, and working well under pressure. In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). What do they all have in common? 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. The information regarding salaries is specifically about BCG employees in the US. There is a steeper increase in compensation too when youre promoted to the next level. This is just their base pay, though. 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. 2028 . 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. Manage Settings In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. BCG Gamma Salary BCG Gamma is a division of BCG focusing on data science and advanced analytics. Within Bain, given their strong PE due diligence practice, a little of this has already emerged: partners there can co-invest with PE firms (this is possible with Bain Cap but also other PE firms they work with). International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. It is headquartered in Boston, Massachusetts, and was founded in 1963. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. TOEIC> I have deep expertise in strategy, operations, transformation, implementation and large capital .
