Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. After spending two to three years with the company and completing MBA, employees can earn this promotion. Are you looking for a workplace that supports your personal growth even after you leave? Unlock all materials helping you land the next job in BCG! 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! Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. The estimated base pay is $225,883 per year. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 2K followers 500 . 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. $2,000,000. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. The pandemic changed the way a lot of businesses worked. This includes metropolitan areas like Atlanta, Philadelphia, etc. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. This is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. 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. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. Get a free, personalized salary estimate based on today's job market. Average salary for Boston Consulting Group Managing Director And Partner in New York City: US$502,050. See all Managing Director/Partner salaries to learn how this stacks up in the market. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". Senior managers earn $153,000 on average. Hence, if this is where your passion lies and you think youre cut out for it, go for it! 461 records was found, Median Salary is $165000. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. Required fields are marked *. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. 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. Managing Director and Partner. Employees are promoted to this position after spending ten or more years with the company. The lowest-paying job at Boston Consulting Group is a Research Associate with a salary of 33,471 per year. They usually work on one project at a time and empower organizations to grow. Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. 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. You'll find people from all walks of life at BCG. Hello everyone, The fun part though is in the details that drive that variance. BCG consultant salaries have also risen for 2023, along with the other Big Three consulting firms. 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." Each promotion to a higher level will also coincide with a salary leap. It is headquartered in Boston, Massachusetts, and was founded in 1963. See all Partner and Managing Director salaries to learn how this stacks up in the market. Your input helps Glassdoor refine our pay estimates over time. In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. Beyond is where we begin. There are various career levels at BCG like associate, consultant, project leader, partner, etc. Boston Consulting Group. A shared commitment to our core values. BCG introduced "Partner" a couple years ago to reward people earlier. Currently, at MBB this isn't a big issue but that will change in the next 5 years as the firms expand the type of work they do (wrote on that in detail here). This is much lower than the average a US consultant makes, which is $165,000. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. 2. Get a free, personalized salary estimate based on today's job market. The estimated base pay is $225,883 per year. 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 [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. 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. Firm bonus calculation BCG ME (Dubai, Doha, and Riyadh) is hiring across all cohorts (in particular Associates, Consultsnts, and Project leaders). Joining BCG comes with added perks that make landing a job after graduation even more lucrativethe firm is also listed as one of the world's best companies to work for by Glassdoor. Stock Bonus, Commission Sharing, Tips have not been reported for this role. 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. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. MBA hires can also expect between an interest-free relocation payment, and $10,930 per year into their 401k retirement fund. No spam. Thinking of moving from BCG to Mckinsey. Boston Consulting Group Salaries How much do Boston Consulting Group employees make? Total COMPENSATION. Nov 2016 - Present6 years 5 months. 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. This is the third promotion and is also called the junior partner level. Salary estimates are based on 13 latest salaries received from various employees of BCG. 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. Their bonuses lie between $350,000 and $550,000. - Katie Williams, Senior Director The estimated base pay is $226,728 per year. I am a Managing Director & Partner with Boston Consulting Group. Your input helps Glassdoor refine our pay estimates over time. 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. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. BCG Project Leader salary (2020) Base: $178,000 Performance Bonus: Up to $60,000 based on 13 latest salaries. Leading the Automotive and Mobility Practice Successfully worked on and led projects across N. America, S. America,. Bain & Company Partner Salary. BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. 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. Written by RocketBlocks experts. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. This is a fun topic to discuss. You're in the right place. In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). How accurate does 2,96,00,169 - 3,15,19,615 look to you? One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. So all in all, the total compensation for a junior partner can be between $500k and $1m. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Get RocketBlocks. 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. Bain - "Principal/Senior Manager". Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. There is a screening process and a selection process. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. 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. BCG Partner Salary. - Gregory Boison, Managing Director and Partner 1x email per week - max. 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. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. Operations Manager Salary (4 salaries) 19.7L 6.6L 35.5L . 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. What do they all have in common? 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. A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. While it's not difficult to consider what variables go in, how they're weighted, adjusted, etc is a trade secret. Average salary for Boston Consulting Group Managing Director And Partner in Toronto: $466,741. BCG Partner Salary After ten or more years with the company, an employee may rise to the senior partner/director position. 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. 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. They therefore operate as any other business owners. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Your input helps Glassdoor refine our pay estimates over time. On Glassdoor I found about 70k base + bonus but I wonder if it is still updated You're in the right place. Compare salaries for specific roles across different industries and areas of expertise. 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.. The UK does not have the same dynamic solid. Most of those senior partners are likely pulling in around $1M - $2M annually, while the top 15% all-stars are making more than that. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. That's a rare thing to find at other places." This change will be brought about in October. He also leads the Center for Macroeconomics at the BCG Henderson Institute. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". Explore BCG jobs today. Are you looking for a workplace that supports your personal growth even after you leave? According to Glassdoor, Partners earn on average $252,055 a year. Partner, total compensation: $1M - $5M+. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. That's a rare thing to find at other places." looking for a job openings at BCG in consulting areas There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. 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? There are many considerations that contribute to salary packages to include the following: Things like recruiting take up a huge amount of time. 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. 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. There are junior partners and senior partners. 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. Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. Business school grads turned BCG consultants interviewed by BusinessBecause say the firm looks for hires with broad business knowledge. Potential bonuses can be from $90,000 to $130,000. Learn how much management consultants make based on the firm and their experience level. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. Those who have set out on a, Preparing for an interview is crucial. 48 Group Club. BCG has firms set up in numerous places across the globe. A shared commitment to our core values. However, if you are an undergraduate student, you will most likely have to provide this test. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. 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. A principal has an average salary of $201,000. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 2,95,93,447 - 3,18,30,968 look to you? Dive into the principles that shape our business. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. <br><br>At BCG, I work with a broad variety of clients, from multinational companies over private equity owned firms to family owned businesses. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. Continue with Recommended Cookies. 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." Their pay ranges from $210 K to $289 K a year. Your email address will not be published. I am a Managing Director & Senior Partner at Boston Consulting Group and lead BCG's Financial Institutions Practice in Switzerland. "I thought about returning to BCG almost the whole time I was away. 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. Please try again later. About. Plus technique overviews and premium 1-on-1 Expert coaching. Between the beginning of 2015 and fall 2021, I led BCG in Switzerland and served on our Regional Leadership Team. Stock Bonus, Commission Sharing, Tips have not been reported for this role. The salary figures in this article are for those joining management consulting positions in 2023. 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. 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. [To get a job at BCG] you need to possess the right amount of business knowledge and experience. Get a free, personalized salary estimate based on today's job market. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. 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. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). Comprehensive guide to BCG salary in 2020! This employer has claimed their Employer Profile and is engaged in the Glassdoor community. BCG, MD are generally partner equivalent The comp is a bit different with Big4 firms and partner type firms. Managing Director & Partner at The Boston Consulting Group in India. Base: $90,000 (UK: 71,000, India: 1,600,000), Performance Bonus: up to $18,000 (UK: 6,000, 300,000), Retirement: Profit-sharing deposited into 401k account, Base: $165,000 (UK: 90,000) (Australia: A$160,000) (China: 700,000), Performance Bonus: up to $41,500 (UK: up to 25,000) (Australia: up to A$61,500)(China: 260,000), Profit Sharing: up to $9,000 (China: up to 200,000), Retirement:$10,000 into 401k (UK: up to 9% match) (Australia: A$16,000), Signing Bonus: $30,000 (UK: 15,000) (Australia: up to A$40,000), Relocation: $2,000-8,000 (Australia: up to A$7,500). However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. Leaves are less. McKinsey also offers to pay 50% of MBA tuition for . You will also be responsible for identifying new business opportunities and contributing to their growth and development. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. Typically, a career at BCG starts with being an associate. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. 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. Leave Requesting Emails- Types of Sample Emails. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 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. Complete H1B Salaries information for the Boston Consulting Group INC with Minimum, Average and Maximum Salaries given by Job Title . Your email address will not be published. Average BCG Managing Director salary in India is 218.8 Lakhs per year. (Only 1% of applicants to McKinsey actually get hired.) 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. If you don't make it by the time you are 50 or if you join Continue Reading 39 Ashrut Arya CA Final Student Author has 180 answers and 836.7K answer views 4 y Related .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? Know Your Worth. You'll find people from all walks of life at BCG. Afterward, if you qualify, the selection process takes place. How accurate does US$368,997 - US$645,338 look to you? "I thought about returning to BCG almost the whole time I was away. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. - Katie Williams, Senior Director 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 . So it all depends on their base salaries and bonuses. Corporate members include major FTSE 100 companies who have established strategies for China. 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. Bad year? - Katie Williams, Senior Director BCG Associate yearly salary in the US can be up to $112,500, with $90,000 from base, $18,000 from bonuses and $4,500 from profit sharing. No. The additional pay consists of cash bonuses and profit sharing. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. They provide their services across the world to various businesses and help clients with their unique challenges. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. Based on 1 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Toronto. They support and consult with their clients regarding good opportunities and addressing challenges by providing expert opinions and analysis based on their expertise. Its a prerequisite,. 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. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. That's a rare thing to find at other places." Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. Consulting Based on 544 salaries Senior Associate 152 salaries Consultant 145 salaries View More Research & Science Based on 376 salaries Analyst 62 salaries 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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. 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. 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. The community relies on everyone sharing. This article is updated annually. Time is split across several teams to give content and . Read more about Consulting Salaries For MBA & Masters Graduates. Arthur U. Mbanefo. How long to wait for a telephonic interview? MBA hires are also given 15 days of paid time off a year at BCG. E.g. According to PayScale, t he average Management Consultant salary in India is 1,149,770. Name. You're in the right place. 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. 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. Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. Roughly, Principal is now a 2 year role vs a 4 year role previously. Save my name, email, and website in this browser for the next time I comment. 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. BCG Principal and Partner yearly salary in the US can be up to $1,150, with a base of up to $850,000 and bonuses up to $300,000. This is for 1st-year consultants only, as reported by the Insider. Director. Boston Consultant Group is a vast company that ranges far and wide around the globe. Always find the time, you could end up regretting it for the, If you are changing careers, your cover letter is an opportunity to give an explanation of why you. Additional pay could include bonus, stock, commission, profit sharing or tips. Note: Salaries for consulting roles can vary immensely. Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . Get a free, personalized salary estimate based on today's job market. The diagram above shows how pay varies per career level.