The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. All BCG Salaries Last Updated: 17 Sep 2022 Similar Designations in BCG Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. BCG Project Leader Salary in 12 countries 2016 in US Dollar Equivalents, BCG Project Leader salary in 12 countries 2016 in US dollar equivalents. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. 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. The information regarding salaries is specifically about BCG employees in the US. The average salary for a Partner and Managing Director is US$493,526 per year in New York City, NY, United States, which is 1% lower than the average Boston Consulting Group salary of US$502,050 per year for this job. Get RocketBlocks. 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." Quick answer: between $500K - $5M. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-medrectangle-3','ezslot_6',191,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-medrectangle-3-0'); BCG is a company that provides consulting services. 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." Business school grads turned BCG consultants interviewed by BusinessBecause say the firm looks for hires with broad business knowledge. Employees in the business development department receive relatively high salaries as well, where wages average $145,339 per year. No spam. Bain & Company Partner Salary. BCG introduced "Partner" a couple years ago to reward people earlier. Managing Partner Salary (33 salaries) 233.9L 75.0L 500.0L. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. Principal Also, BCGs locations in the US have a much cheaper cost of living than the US. 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). You're in the right place. A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. He also leads the Center for Macroeconomics at the BCG Henderson Institute. This is for 1st-year consultants only, as reported by the Insider. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. The fun part though is in the details that drive that variance. A partner can earn on average $533,000 with bonuses and all. Each promotion to a higher level will also coincide with a salary leap. Moreover, this would also involve developing and managing client relationships. Firm bonus calculation Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. Join 90,000+ on the #1 consulting prep channel! 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. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. You'll find people from all walks of life at BCG. 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.. Note: Salaries for consulting roles can vary immensely. 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. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The estimated base pay is $226,728 per year. So all in all, the total compensation for a junior partner can be between $500k and $1m. Explore BCG jobs today. See all Partner and Managing Director salaries to learn how this stacks up in the market. Jr. Glassdoor has listed this firm as one of the worlds best companies to work for. Your email address will not be published. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). 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. BCG ME (Dubai, Doha, and Riyadh) is hiring across all cohorts (in particular Associates, Consultsnts, and Project leaders). And for a senior partner we are looking at a salary of up to $5m+. The next promotion after the principal is becoming a Partner. Over the years, I have developed a broad set of skills, experience and interests, to keep myself relevant in this highly competitive world. (Only 1% of applicants to McKinsey actually get hired.) Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Partner and Managing Director salaries at Boston Consulting Group can range from $368,997-$645,338. Know Your Worth. It may occur before the interviews. Accomplished management consultant and business leader with 21+ years experience across diverse geographies including Europe, Asia Pacific, Middle East, Africa and Emerging Markets, known to be highly skilled in building . .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? According to PayScale, t he average Management Consultant salary in India is 1,149,770. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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). Boston Consultant Group is a vast company that ranges far and wide around the globe. 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 thought about returning to BCG almost the whole time I was away. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. The estimated base pay is $225,883 per year. BCG Gamma Salary BCG Gamma is a division of BCG focusing on data science and advanced analytics. Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. Its a prerequisite,. The salary figures in this article are for those joining management consulting positions in 2023. Does anyone know the updated salary for post grad positions (McK Business Analyst / BCG Associate) in Singapore at MBBs? Those who have set out on a, Preparing for an interview is crucial. We and our partners use cookies to Store and/or access information on a device. You'll find people from all walks of life at BCG. My . Learn how much management consultants make based on the firm and their experience level. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Principal. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. Compare salaries for specific roles across different industries and areas of expertise. No, usually, MBA students dont have to give the potential test. They also get up to $4,400 per year dropped into their 401k retirement account as part of a profit-sharing initiative for employees. How accurate does 2,95,93,447 - 3,18,30,968 look to you? Average salary for Boston Consulting Group Partner And Managing Director in Crete: US$379,540. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. How accurate does 2,96,00,169 - 3,15,19,615 look to you? On Fishbowl, you can share insights and advice anonymously with Boston Consulting Group employees and get real answers from people on the inside. The diagram above shows how pay varies per career level. I'm a core member of India's Financial Institutions Practice Area with experience in growth strategy, large scale transformations, digital journeys, sales & marketing excellence, people and organization and business and turnaround strategies across banks, NBFCs and asset management companies. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. Your input helps Glassdoor refine our pay estimates over time. 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. However, this is good news for the potential BCG hires that spent time adapting to a crisis. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. Read more about Consulting Salaries For MBA & Masters Graduates. Managing Director (MD) You generally "make partner (equity owner)" sometime between 35 and 50. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! "I thought about returning to BCG almost the whole time I was away. The estimated base pay is $225,883 per year. 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. 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 is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. 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. 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. 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. TOEIC> 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 . Total COMPENSATION. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Leading the Automotive and Mobility Practice Successfully worked on and led projects across N. America, S. America,. 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. Partner, total compensation: $1M - $5M+. 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. But, if youre in it for the long run, this is it, and this is now. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 13 percents of the salary are above $200K, . The latest news as of August 2021 is that BCG is bumping their base pay by $10,000 for consultants and associates. After this comparison, it is safe to conclude that its better to be in a BGC located in the US. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . This is the starting figure that almost every partner is guaranteed to make. Additional pay could include bonus, stock, commission, profit sharing or tips. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Plus technique overviews and premium 1-on-1 Expert coaching. I remember being floored when I first joined BCG and saw the salary bands presented internally! They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. Further details of this event have been sent to your previously entered email address. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. Total Compensation. Roughly, Principal is now a 2 year role vs a 4 year role previously. The biggest perks are for: This firm hires people with broad business knowledge. 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. Leaves are less. Arthur U. Mbanefo. Their bonuses lie between $350,000 and $550,000. This article is updated annually. Typically, a career at BCG starts with being an associate. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. An incoming masters hire can expect a starting base salary of $110,000 at BCG. .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? Operations Manager Salary (4 salaries) 19.7L 6.6L 35.5L . E.g. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. 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. 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. What do they all have in common? Part. Home | Careers | Boston Consulting Group Looking to jumpstart your career at BCG? Associate Principal/ Senior Project Leader With four to five years out of MBA, this is the second promotion for BCG employees. There are junior partners and senior partners. 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. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. and their pay differs accordingly. Get a free, personalized salary estimate based on today's job market. (Only 1% of applicants to McKinsey actually get hired.) The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. 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." "I thought about returning to BCG almost the whole time I was away. BCG Principal salary in 7 countries 2016 in US dollar equivalents. - Katie Williams, Senior Director An example of data being processed may be a unique identifier stored in a cookie. 2. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. 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. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. 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. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help.