No spam. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. Your email address will not be published. Also, BCGs locations in the US have a much cheaper cost of living than the US. Salary estimates are based on 13 latest salaries received from various employees of BCG. That's a rare thing to find at other places." In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). Moreover, this would also involve developing and managing client relationships. Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. Over the years, I have developed a broad set of skills, experience and interests, to keep myself relevant in this highly competitive world. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. 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.. Compare salaries for specific roles across different industries and areas of expertise. BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. [To get a job at BCG] you need to possess the right amount of business knowledge and experience. However, this is good news for the potential BCG hires that spent time adapting to a crisis. Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. ", "I recommend RocketBlocks to everyone at Wharton who asks. BCG stands for Boston Consulting Group, which is an American management consulting firm. Firm bonus calculation Leading the Automotive and Mobility Practice Successfully worked on and led projects across N. America, S. America,. Answer (1 of 5): Answering from a U.S. perspective. There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. (Only 1% of applicants to McKinsey actually get hired.) The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. An incoming masters hire can expect a starting base salary of $110,000 at BCG. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. 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: OK year? On Glassdoor I found about 70k base + bonus but I wonder if it is still updated Like the salaries, BGC UK employees typically have lower performance bonuses too. There are various career levels at BCG like associate, consultant, project leader, partner, etc. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. See all Managing Director/Partner salaries to learn how this stacks up in the market. 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. based on 13 latest salaries. 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. Save my name, email, and website in this browser for the next time I comment. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe. The cybersecurity landscape continues to develop at a rapid rate. Does anyone know the updated salary for post grad positions (McK Business Analyst / BCG Associate) in Singapore at MBBs? It is headquartered in Boston, Massachusetts, and was founded in 1963. How accurate does 2,95,93,447 - 3,18,30,968 look to you? Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. Something went wrong. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. How long to wait for a telephonic interview? Upon being promoted from associate to consultant, the base pay is almost doubled. The estimated base pay is $225,883 per 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. Join 90,000+ on the #1 consulting prep channel! They do not get a salary, instead being paid a share of the profits of th. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. 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. Average salaries for Boston Consulting Group Managing Director And Partner: [salary]. 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. 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. 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? Are you looking for a workplace that supports your personal growth even after you leave? Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. 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. 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. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Explore BCG jobs today. .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? 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). Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. BCG often looks for candidates with certain qualities, especially in times of crisis. .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? 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. And for a senior partner we are looking at a salary of up to $5m+. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods 2022 MConsultingPrep | Intellectual Property protected by DMCA. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. What do they all have in common? There is a screening process and a selection process. Dive into the principles that shape our business. "I thought about returning to BCG almost the whole time I was away. Your input helps Glassdoor refine our pay estimates over time. What We Offer | BCG Culture & Values | BCG Careers. 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. We and our partners use cookies to Store and/or access information on a device. 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). <br><br>At BCG, I work with a broad variety of clients, from multinational companies over private equity owned firms to family owned businesses. 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. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. 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. Know Your Worth. Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm. You'll find people from all walks of life at BCG. This is the starting figure that almost every partner is guaranteed to make. 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. You'll find people from all walks of life at BCG. My . Thank you for registering your attendance to How Much Can a Partner at Mckinsey, BCG Or Bain Actually Make?. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). North America Leader, Tech Capital, Principal Investors and Private . Bad year? Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000.Such high salaries is a major point of attraction for the top job applicants to go for the Boston Consulting Group so if you are wondering what is BCG consultant salary is in different countries and at different positions, lets find out in this article. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. *Fiscal Year for US Dept of Labor starts from Oct 1st, ends Sep 30th. - Gregory Boison, Managing Director and Partner What do they all have in common? Jr. BCG Principal salary in 7 countries 2016 in US dollar equivalents. Partner, total compensation: $1M - $5M+. Help our clients do amazing work while unlocking the potential of those who advance the world. 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. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. - Katie Williams, Senior Director Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. 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 data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. - Katie Williams, Senior Director Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Principal. From a compensation perspective, it's a pretty nice picture and now you'll understand why all these firms are flooded with resumes! Finally, it's worth noting that the senior partner range isn't evenly distributed. Boston Consultant Group is a vast company that ranges far and wide around the globe. I am a Managing Director & Senior Partner at Boston Consulting Group and lead BCG's Financial Institutions Practice in Switzerland. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). Get a free, personalized salary estimate based on today's job market. 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. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. Managing Director/Partner salaries at Boston Consulting Group can range from 2,96,00,169-3,15,19,615. Get a free, personalized salary estimate based on today's job market. 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 and Partner Boston Consulting Group (BCG) 2010 - Present13 years Canberra, Australia Previously based in BCG's London, Melbourne, Mumbai and Kuala Lumpur offices. Zia Siddiqui, EU Business School MBA (pictured below): My department at BCG were looking for someone who could start immediately and I got my contract just after finishing my MBA. The base salary provided by BCG is $200,000 to $220,000. You'll find people from all walks of life at BCG. 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. Each stage of the hiring process needs to be carefully prepared: Online Application Potential Tests Fit Interview Case Interview. 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. International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. What does AP comp and lifestyle look like? The pandemic changed the way a lot of businesses worked. Working Student - Regional HR - Global Specialty Businesses They also get up to $4,400 per year dropped into their 401k retirement account as part of a profit-sharing initiative for employees. 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. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. 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. Get a free, personalized salary estimate based on today's job market. Beyond is where we begin. Dive into the principles that shape our business. Manage Settings Thinking of moving from BCG to Mckinsey. 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. So it all depends on their base salaries and bonuses.