The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. Beyond is where we begin. 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? This is the starting figure that almost every partner is guaranteed to make. After spending two to three years with the company and completing MBA, employees can earn this promotion. On Glassdoor I found about 70k base + bonus but I wonder if it is still updated .css-1qxtz39{font-size:12px;}Reported in 1 salaries. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Principal BCG Project Leader salary (2020) Base: $178,000 Performance Bonus: Up to $60,000 Managing Director and Partner, Global Chief Economist New York Philipp Carlsson-Szlezak is Boston Consulting Group's Global Chief Economist. The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. Comprehensive guide to BCG salary in 2020! 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. The estimated base pay is $226,728 per year. Great year? Your email address will not be published. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! Managing Director (MD) You generally "make partner (equity owner)" sometime between 35 and 50. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. Hence, if this is where your passion lies and you think youre cut out for it, go for it! Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 2K followers 500 . .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. Know Your Worth. Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. There is a steeper increase in compensation too when youre promoted to the next level. - Gregory Boison, Managing Director and Partner Like the salaries, BGC UK employees typically have lower performance bonuses too. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. - Gregory Boison, Managing Director and Partner This is in terms of both salary and cost of living. 2028 . With four to five years out of MBA, this is the second promotion for BCG employees. 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. Required fields are marked *. This change will be brought about in October. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. The biggest perks are for: This firm hires people with broad business knowledge. Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. About. . Stock Bonus, Commission Sharing, Tips have not been reported for this role. Since late 2021, I have served as the global leader for the firm's Strategy business. It may occur before the interviews. Dive into the principles that shape our business. 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. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. That's a rare thing to find at other places." A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. 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. 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. Average salary for Boston Consulting Group Partner And Managing Director in Crete, IL: [salary]. Explore BCG jobs today. Salary details differ when it comes to a different country like the UK. ", "I recommend RocketBlocks to everyone at Wharton who asks. Afterward, if you qualify, the selection process takes place. Additional pay could include bonus, stock, commission, profit sharing or tips. However, the promotions and raises are just as rewarding as the effort needed to be put in. So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. Employees in the business development department receive relatively high salaries as well, where wages average $145,339 per year. The UK does not have the same dynamic solid. There is also some variance over the size of relocation packages, with Bain being the most generous. 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 . Its annual revenue in 2021 was $11 billion. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. - Gregory Boison, Managing Director and Partner Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. Find out what BCG consultant salary prospects are for MBA and masters graduates. At Boston Consulting Group, Partners are known as "Managing Directors" and then if they have been in that role 5-10 years they might get promoted to Senior Managing Director. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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 At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". Leave Requesting Emails- Types of Sample Emails. Glassdoor has listed this firm as one of the worlds best companies to work for. Help our clients do amazing work while unlocking the potential of those who advance the world. 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. They are a company providing people with jobs, a salary, and even a retirement plan. Employees are promoted to this position after spending ten or more years with the company. Hello everyone, 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. We and our partners use cookies to Store and/or access information on a device. See all Managing Director/Partner salaries to learn how this stacks up in the market. Your input helps Glassdoor refine our pay estimates over time. - Katie Williams, Senior Director Masters graduates can expect 15 days per year of paid time off. 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.. H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. 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). 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. 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 is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The company works with clients from the public and private as well as not-for-profit sectors in all areas. Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 1x email per week - max. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. 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. The acceptance rate is less than 1%, making the selection at BCG highly competitive. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. Senior managers earn $153,000 on average. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. This article is updated annually. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Each stage of the hiring process needs to be carefully prepared: Online Application Potential Tests Fit Interview Case Interview. The additional pay consists of cash bonuses and profit sharing. I remember being floored when I first joined BCG and saw the salary bands presented internally! Nov 2016 - Present6 years 5 months. "I thought about returning to BCG almost the whole time I was away. Working at BCG has so much to offer. Get a free, personalized salary estimate based on today's job market. Beyond is where we begin. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). The base salary provided by BCG is $200,000 to $220,000. Know Your Worth. Boston Consultant Group is a vast company that ranges far and wide around the globe. Firm bonus calculation Are you looking for a workplace that supports your personal growth even after you leave? They therefore operate as any other business owners. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. .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? 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 . Its a prerequisite,. 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. 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. You'll find people from all walks of life at 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. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Know Your Worth. 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. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. What does AP comp and lifestyle look like? This employer has claimed their Employer Profile and is engaged in the Glassdoor community. BCG has firms set up in numerous places across the globe. Those who have set out on a, Preparing for an interview is crucial. No. San Francisco, California. Ok, now, let's put it all together. You're in the right place. 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). - Katie Williams, Senior Director A shared commitment to our core values. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Along with the opportunity to work at the cutting-edge of business, a typical BCG consultant salary hits a lucrative six-figures. There are junior partners and senior partners. 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 is much lower than the average a US consultant makes, which is $165,000. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. In the US, partners at Bain & Co can expect to make $324,000 annually in base . Also, BCGs locations in the US have a much cheaper cost of living than the US. 461 records was found, Median Salary is $165000. BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. Employees who work in the corporate management organizational function tend to get paid the most at at BGC Partners, earning an average yearly salary of $186,338. Bain - "Principal/Senior Manager". 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. What do they all have in common? BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? .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? 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. That's a rare thing to find at other places." 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. Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. A principal has an average salary of $201,000. However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. 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. Home | Careers | Boston Consulting Group Looking to jumpstart your career at BCG? Dive into the principles that shape our business. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Principal. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. 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. For those that do tick all the boxes and go on to succeed as a partner, the compensation can be rewarding (you can find all rates in the online salary calculator). Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! Finally, it's worth noting that the senior partner range isn't evenly distributed. 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. 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. 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. 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. Please try again later. Over the years, I have developed a broad set of skills, experience and interests, to keep myself relevant in this highly competitive world. Time is split across several teams to give content and . - Katie Williams, Senior Director There are various career levels at BCG like associate, consultant, project leader, partner, etc. 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. According to Glassdoor, Partners earn on average $252,055 a year. The community relies on everyone sharing. McKinsey & Company Boston Consulting Group Bain & Company. But, if youre in it for the long run, this is it, and this is now. 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. 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. 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). Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Managing Director/Partner salaries at Boston Consulting Group can range from 2,92,51,235-3,17,66,192. 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." Arthur U. Mbanefo. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. Potential bonuses can be from $90,000 to $130,000. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". Roughly, Principal is now a 2 year role vs a 4 year role previously. 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 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 estimated base pay is $225,883 per year. The information regarding salaries is specifically about BCG employees in the US. Additional pay could include bonus, stock, commission, profit sharing or tips. Learn how much management consultants make based on the firm and their experience level. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). And for a senior partner we are looking at a salary of up to $5m+. 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. Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. 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. Most of those senior partners are likely pulling in around $1M - $2M annually, while the top 15% all-stars are making more than that. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year.