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. 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! Managing Director (MD) You generally "make partner (equity owner)" sometime between 35 and 50. The Boston Consulting Groups characteristics in their consultants are that they are creative, impactful, passionate, and team players. Partner, total compensation: $500K - $1M, Sr. They support and consult with their clients regarding good opportunities and addressing challenges by providing expert opinions and analysis based on their expertise. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Required fields are marked *. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. But, if youre in it for the long run, this is it, and this is now. They do not get a salary, instead being paid a share of the profits of th. They usually work on one project at a time and empower organizations to grow. Our 1st years just had a great recruiting season thanks to RocketBlocks and it helped me land my McKinsey internship." "I thought about returning to BCG almost the whole time I was away. If you are overcoming hardships, we wanna help! 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. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Engage in conversations about Partner and Managing Director pay with other professionals in the community. BCG ME (Dubai, Doha, and Riyadh) is hiring across all cohorts (in particular Associates, Consultsnts, and Project leaders). Does anyone know the updated salary for post grad positions (McK Business Analyst / BCG Associate) in Singapore at MBBs? One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. We and our partners use cookies to Store and/or access information on a device. 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. The estimated additional pay is $292,558 per year. While it's not difficult to consider what variables go in, how they're weighted, adjusted, etc is a trade secret. A shared commitment to our core values. The pandemic changed the way a lot of businesses worked. 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. 13 percents of the salary are above $200K, . McKinsey also offers to pay 50% of MBA tuition for . - Katie Williams, Senior Director 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. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. 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). .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does 2,96,00,169 - 3,15,19,615 look to you? Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. 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. 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. You will also be responsible for identifying new business opportunities and contributing to their growth and development. Know Your Worth. 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. 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. Your email address will not be published. Boston Consulting Group. BCG Gamma Salary BCG Gamma is a division of BCG focusing on data science and advanced analytics. See all Managing Director/Partner salaries to learn how this stacks up in the market. I am a Managing Director & Senior Partner at Boston Consulting Group and lead BCG's Financial Institutions Practice in Switzerland. There are various career levels at BCG like associate, consultant, project leader, partner, etc. That's a rare thing to find at other places." At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". Sample answers from ex-McKinsey, BCG and Bain consultants. Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. 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: The screening process provides a resume, a cover letter, a one-way interview with HR, and a BCG potential test. Principal. 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. Home | Careers | Boston Consulting Group Looking to jumpstart your career at BCG? This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. Are you looking for a workplace that supports your personal growth even after you leave? MBA hires are also given 15 days of paid time off a year at BCG. About. You're in the right place. They also get up to $4,400 per year dropped into their 401k retirement account as part of a profit-sharing initiative for employees. The latest news as of August 2021 is that BCG is bumping their base pay by $10,000 for consultants and associates. How accurate does US$368,997 - US$645,338 look to you? The Boston Consulting Group Inc H1B Salary 2021. BCG Principal salary in 7 countries 2016 in US dollar equivalents. Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm. "I thought about returning to BCG almost the whole time I was away. BCG introduced "Partner" a couple years ago to reward people earlier. Join 90,000+ on the #1 consulting prep channel! The community relies on everyone sharing. 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. 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. Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . Upon being promoted from associate to consultant, the base pay is almost doubled. A partners salary starts at $450,000 with a performance bonus of over $500,000. 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. 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, NY, United States: [salary]. Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Your input helps Glassdoor refine our pay estimates over time. 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. Consultant Salary in India 2020. Consulting Based on 544 salaries Senior Associate 152 salaries Consultant 145 salaries View More Research & Science Based on 376 salaries Analyst 62 salaries This is the third promotion and is also called the junior partner level. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. In addition, their performance bonuses are more than $500,000 a year. 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. Great year? <br><br>At BCG, I work with a broad variety of clients, from multinational companies over private equity owned firms to family owned businesses. From a compensation perspective, it's a pretty nice picture and now you'll understand why all these firms are flooded with resumes! In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Firm bonus calculation 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." That's a rare thing to find at other places." A shared commitment to our core values. Get a free, personalized salary estimate based on today's job market. Along with the opportunity to work at the cutting-edge of business, a typical BCG consultant salary hits a lucrative six-figures. The Boston Consulting Group (BCG) Jul 2018 - Present4 years 6 months. Here is a summary: <br><br>1. Preparing for interviews? OK year? London, England Metropolitan Area. Dive into the principles that shape our business. Find out what BCG consultant salary prospects are for MBA and masters graduates. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. Read more about Consulting Salaries For MBA & Masters Graduates. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. .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? This is just their base pay, though. 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. (Only 1% of applicants to McKinsey actually get hired.) Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. See all Managing Director/Partner salaries to learn how this stacks up in the market. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,961 per year. I have deep expertise in strategy, operations, transformation, implementation and large capital . Jr. Company performance: how is the business performing overall? Between the beginning of 2015 and fall 2021, I led BCG in Switzerland and served on our Regional Leadership Team. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Comprehensive guide to BCG salary in 2020! This is the starting figure that almost every partner is guaranteed to make. BCG, MD are generally partner equivalent The comp is a bit different with Big4 firms and partner type firms. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. According to PayScale, t he average Management Consultant salary in India is 1,149,770. Managing Director/Partner salaries at Boston Consulting Group can range from 2,92,51,235-3,17,66,192. Their bonuses lie between $350,000 and $550,000. 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). Average salary for Boston Consulting Group Partner And Managing Director in Crete, IL: [salary]. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). What We Offer | BCG Culture & Values | BCG Careers. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Annika Zawadzki und Jobs bei hnlichen Unternehmen erfahren. This is for 1st-year consultants only, as reported by the Insider. Unlock all materials helping you land the next job in BCG! Get a free, personalized salary estimate based on today's job market. What do I mean by this? Your input helps Glassdoor refine our pay estimates over time. 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. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . The base salary provided by BCG is $200,000 to $220,000. Potential bonuses can be from $90,000 to $130,000. 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. A shared commitment to our core values. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. Select your job title and find out how much you could make at Boston Consulting Group. Quick answer: 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.