And for a senior partner we are looking at a salary of up to $5m+. Get a free, personalized salary estimate based on today's job market. - Katie Williams, Senior Director TOEIC> Your input helps Glassdoor refine our pay estimates over time. We and our partners use cookies to Store and/or access information on a device. BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. After this comparison, it is safe to conclude that its better to be in a BGC located in the US. Name. The lowest-paying job at Boston Consulting Group is a Research Associate with a salary of 33,471 per year. Leaves are less. Bain & Company Partner Salary. Bad year? Note: Salaries for consulting roles can vary immensely. Finally, it's worth noting that the senior partner range isn't evenly distributed. Join us and unlock your potential to make a meaningful difference. No spam. That's a rare thing to find at other places." (Only 1% of applicants to McKinsey actually get hired.) Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. .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? 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. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. Get a free, personalized salary estimate based on today's job market. Are you looking for a workplace that supports your personal growth even after you leave? However, this is good news for the potential BCG hires that spent time adapting to a crisis. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . Bain - "Principal/Senior Manager". Managing Director and Partner. Average salaries for Boston Consulting Group Partner And Managing Director: [salary]. Masters graduates can expect 15 days per year of paid time off. See all Partner and Managing Director salaries to learn how this stacks up in the market. Are you looking for a workplace that supports your personal growth even after you leave? Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. Working Student - Regional HR - Global Specialty Businesses Comprehensive guide to BCG salary in 2020! See all Managing Director/Partner salaries to learn how this stacks up in the market. An incoming masters hire can expect a starting base salary of $110,000 at BCG. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. 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. 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). In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. It may occur before the interviews. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. 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. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. 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. According to PayScale, t he average Management Consultant salary in India is 1,149,770. Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. - Gregory Boison, Managing Director and Partner based on 13 latest salaries. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. Know Your Worth. (Only 1% of applicants to McKinsey actually get hired.) 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 Additional pay could include bonus, stock, commission, profit sharing or tips. 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. Roughly, Principal is now a 2 year role vs a 4 year role previously. This article is updated annually. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). That's a rare thing to find at other places." ~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. Your email address will not be published. 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. What do they all have in common? 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). Beyond is where we begin. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. You're in the right place. Arthur U. Mbanefo. Potential bonuses can be from $90,000 to $130,000. 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. Are you looking for a workplace that supports your personal growth even after you leave? - Gregory Boison, Managing Director and Partner 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. 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. Upon being promoted from associate to consultant, the base pay is almost doubled. There are various career levels at BCG like associate, consultant, project leader, partner, etc. 1x email per week - max. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. looking for a job openings at BCG in consulting areas 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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." The pandemic changed the way a lot of businesses worked. That's a rare thing to find at other places." 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. 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. BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe. 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. Your input helps Glassdoor refine our pay estimates over time. The base salary provided by BCG is $200,000 to $220,000. Like Share 1 3Y McKinsey & Company 2 Mckinsey is BA/associate, Engagement Manage, Associate Partner, Partner, Senior Partner. This is the starting figure that almost every partner is guaranteed to make. Partner and Managing Director salaries at Boston Consulting Group can range from $368,997-$645,338. 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. UK employees of the BCG tend to be behind the US employees when it comes to salary. Stock Bonus, Commission Sharing, Tips have not been reported for this role. BCG Gamma Salary BCG Gamma is a division of BCG focusing on data science and advanced analytics. The UK does not have the same dynamic solid. How accurate does 2,96,00,169 - 3,15,19,615 look to you? There is a steeper increase in compensation too when youre promoted to the next level. Employees in the business development department receive relatively high salaries as well, where wages average $145,339 per year. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. 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. Typically, a career at BCG starts with being an associate. 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." Part. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. 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. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. Based on 7 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Red Bank, NJ. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. The consent submitted will only be used for data processing originating from this website. Get RocketBlocks. $2,000,000. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. Total COMPENSATION. No, usually, MBA students dont have to give the potential test. This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. It is headquartered in Boston, Massachusetts, and was founded in 1963. 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+. 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. Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! 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 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. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. They usually work on one project at a time and empower organizations to grow. I am a Managing Director & Senior Partner at Boston Consulting Group and lead BCG's Financial Institutions Practice in Switzerland. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. That's a rare thing to find at other places." 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. Their MBA peers joining BCG can earn a performance bonus of up to $50,000 and have a signing bonus of $30,000. 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. "I thought about returning to BCG almost the whole time I was away. A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. Corporate members include major FTSE 100 companies who have established strategies for China. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,961 per year. Moreover, this would also involve developing and managing client relationships. Average salary for Boston Consulting Group Managing Director And Partner in New York City: US$502,050. The company works with clients from the public and private as well as not-for-profit sectors in all areas. Managing Director/Partner salaries at Boston Consulting Group can range from 2,96,00,169-3,15,19,615. 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.. Unlock all materials helping you land the next job in BCG! Quick answer: between $500K - $5M. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. 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. San Francisco, California. Written by RocketBlocks experts. There is a screening process and a selection process. Manage Settings Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. However, the promotions and raises are just as rewarding as the effort needed to be put in. Thinking of moving from BCG to Mckinsey. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. They support and consult with their clients regarding good opportunities and addressing challenges by providing expert opinions and analysis based on their expertise. Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. The salary figures in this article are for those joining management consulting positions in 2023. You'll find people from all walks of life at BCG. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. Our 1st years just had a great recruiting season thanks to RocketBlocks and it helped me land my McKinsey internship." Leave Requesting Emails- Types of Sample Emails. BCG consultant salaries have also risen for 2023, along with the other Big Three consulting firms. The latest news as of August 2021 is that BCG is bumping their base pay by $10,000 for consultants and associates. 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. This is the third promotion and is also called the junior partner level. Explore Career Opportunities in Australia Office Leadership Anthony Roediger Managing Director & Partner at BCG | Global Topic Lead Climate & Sustainability in TCI | Climate Risk, Adaptation and Resilience Kln, Nordrhein-Westfalen, Deutschland. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. Since late 2021, I have served as the global leader for the firm's Strategy business. He also leads the Center for Macroeconomics at the BCG Henderson Institute. 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.