Total COMPENSATION. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. The acceptance rate is less than 1%, making the selection at BCG highly competitive. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. 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. 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. Jr. H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. This is the starting figure that almost every partner is guaranteed to make. Answer (1 of 5): Answering from a U.S. perspective. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe. The pandemic changed the way a lot of businesses worked. What do they all have in common? Potential bonuses can be from $90,000 to $130,000. 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. A shared commitment to our core values. Between the beginning of 2015 and fall 2021, I led BCG in Switzerland and served on our Regional Leadership Team. 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. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Know Your Worth. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Preparing for interviews? Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. You're in the right place. It is headquartered in Boston, Massachusetts, and was founded in 1963. 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. Name. "I thought about returning to BCG almost the whole time I was away. The consent submitted will only be used for data processing originating from this website. And well never share your email. BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? 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). 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-1qxtz39{font-size:12px;}Reported in 1 salaries. Required fields are marked *. Average BCG Managing Director salary in India is 218.8 Lakhs per year. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". . Hence, if this is where your passion lies and you think youre cut out for it, go for it! 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. 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. (Only 1% of applicants to McKinsey actually get hired.) They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. 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. 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. Stock Bonus, Commission Sharing, Tips have not been reported for this role. 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 cybersecurity landscape continues to develop at a rapid rate. Your input helps Glassdoor refine our pay estimates over time. Dive into the principles that shape our business. 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. 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. 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. 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. Those who have set out on a, Preparing for an interview is crucial. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. 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. The estimated additional pay is $292,558 per year. Something went wrong. 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: Get started with your Free Employer Profile, All Partner and Managing Director Salaries, average salary for a Partner and Managing Director is US$493,526 per year in New York City, NY, United States, The Ultimate Job Interview Preparation Guide. I am a Managing Director & Senior Partner at Boston Consulting Group and lead BCG's Financial Institutions Practice in Switzerland. Board of Directors in BGC PARTNERS INC. For its 2021 fiscal year, BGC PARTNERS INC, listed the following board members on its annual proxy statement to the SEC. But, if youre in it for the long run, this is it, and this is now. .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? Working at BCG has so much to offer. This is just their base pay, though. See all Managing Director/Partner salaries to learn how this stacks up in the market. Afterward, if you qualify, the selection process takes place. Roughly, Principal is now a 2 year role vs a 4 year role previously. 2028 . Your input helps Glassdoor refine our pay estimates over time. Partner & Director = Managing Director & Partner Three separate steps So OP you could get bumped up to P&AD Like Share 1 2Y a Principal 1 No, you could become a "director and partner" which is the expert version of our regular partners which are called "managing director and partner" Like Share 1 2Y Authora Strategy Director You will also be responsible for identifying new business opportunities and contributing to their growth and development. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). "I thought about returning to BCG almost the whole time I was away. On Fishbowl, you can share insights and advice anonymously with Boston Consulting Group employees and get real answers from people on the inside. It may occur before the interviews. Principal There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). You'll find people from all walks of life at BCG. See all Managing Director/Partner salaries to learn how this stacks up in the market. On Glassdoor I found about 70k base + bonus but I wonder if it is still updated looking for a job openings at BCG in consulting areas Average salaries for Boston Consulting Group Managing Director And Partner: [salary]. Compare salaries for specific roles across different industries and areas of expertise. Managing Director and Partner, Global Chief Economist New York Philipp Carlsson-Szlezak is Boston Consulting Group's Global Chief Economist. Read more about Consulting Salaries For MBA & Masters Graduates. From a compensation perspective, it's a pretty nice picture and now you'll understand why all these firms are flooded with resumes! The biggest perks are for: This firm hires people with broad business knowledge. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. The estimated base pay is $225,883 per year. Todays topic- BCG Partner Salary. This is in terms of both salary and cost of living. In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). .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? The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. and their pay differs accordingly. San Francisco, California. - Katie Williams, Senior Director This year BCG moved up the rankings to #2 overall and ranked 1st place in an impressive 9 practice areas. 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: According to Glassdoor, Partners earn on average $252,055 a year. Its annual revenue in 2021 was $11 billion. BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. This is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . Explore BCG jobs today. That's a rare thing to find at other places." Ok, now, let's put it all together. There is a screening process and a selection process. 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. The company works with clients from the public and private as well as not-for-profit sectors in all areas. Boston Consulting Group Salaries How much do Boston Consulting Group employees make? Learn how much management consultants make based on the firm and their experience level. 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. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. They do not get a salary, instead being paid a share of the profits of th. Get a free, personalized salary estimate based on today's job market. Join 90,000+ on the #1 consulting prep channel! Dive into the principles that shape our business. Plus technique overviews and premium 1-on-1 Expert coaching. This is a fun topic to discuss. BCG Principal salary in 7 countries 2016 in US dollar equivalents. 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. What We Offer | BCG Culture & Values | BCG Careers. Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I remember being floored when I first joined BCG and saw the salary bands presented internally! How accurate does US$368,997 - US$645,338 look to you? Does anyone know the updated salary for post grad positions (McK Business Analyst / BCG Associate) in Singapore at MBBs? Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. After this comparison, it is safe to conclude that its better to be in a BGC located in the US. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The community relies on everyone sharing. Unlock all materials helping you land the next job in BCG! The UK does not have the same dynamic solid. Join us and unlock your potential to make a meaningful difference. This is the third promotion and is also called the junior partner level. Total Compensation. Bain & Company Partner Salary. The additional pay consists of cash bonuses and profit sharing. This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. 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. 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 estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." You're in the right place.