~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. Home | Careers | Boston Consulting Group Looking to jumpstart your career at BCG? 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. Managing Director and Partner salaries at Boston Consulting Group can range from $448,010-$489,144. 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. Save my name, email, and website in this browser for the next time I comment. Continue with Recommended Cookies. Something went wrong. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). 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. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Moreover, this would also involve developing and managing client relationships. 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. Dive into the principles that shape our business. San Francisco, California. According to PayScale, t he average Management Consultant salary in India is 1,149,770. 48 Group Club. Total Compensation. BCG ME (Dubai, Doha, and Riyadh) is hiring across all cohorts (in particular Associates, Consultsnts, and Project leaders). 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. Know Your Worth. Your email address will not be published. On Glassdoor I found about 70k base + bonus but I wonder if it is still updated You'll find people from all walks of life at BCG. Amber Grewal, managing director and partner of global recruiting at BCG, says she looks for consultant candidateswho can demonstrate intellectual curiosity, resilience, analytical rigor, and an ability to work with ease in a team and cultivate relationships. (Only 1% of applicants to McKinsey actually get hired.) Like the salaries, BGC UK employees typically have lower performance bonuses too. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Moreover, the firm also gave 18,000 travel points as a bonus to the consultants this spring. Partner, total compensation: $500K - $1M, Sr. 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). 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). Managing Director salary at BCG ranges between 70.0 Lakhs to 300.0 Lakhs per year. Most of those senior partners are likely pulling in around $1M - $2M annually, while the top 15% all-stars are making more than that. That's a rare thing to find at other places." Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. Boston Consulting Group. There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. 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 estimated base pay is $226,728 per year. Bain - "Principal/Senior Manager". Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. Average salaries for Boston Consulting Group Managing Director And Partner: [salary]. 2022 MConsultingPrep | Intellectual Property protected by DMCA. Bain & Company Partner Salary. - Katie Williams, Senior Director Leaves are less. Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm. 461 records was found, Median Salary is $165000. Hello everyone, Employees in the business development department receive relatively high salaries as well, where wages average $145,339 per year. How long to wait for a telephonic interview? 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. The estimated additional pay is $292,558 per year. Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! BCG Project Leader Salary in 12 countries 2016 in US Dollar Equivalents, BCG Project Leader salary in 12 countries 2016 in US dollar equivalents. All BCG Salaries Last Updated: 17 Sep 2022 Similar Designations in BCG Please try again later. Great year? The consent submitted will only be used for data processing originating from this website. 1x email per week - max. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The ins and outs of a successful cybersecurity, The ins and outs of a successful cybersecurity career, An associate partner's base salary is around $300K to $400K, A junior partners base salary is around $400k - $500k, A senior partners base salary is around $500k - $650k. 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. BCG consultant salaries have also risen for 2023, along with the other Big Three consulting firms. Plus technique overviews and premium 1-on-1 Expert coaching. E.g. What do they all have in common? They usually work on one project at a time and empower organizations to grow. BCG principals typically earn between $350,000 and $420,000 after being out of MBA for six to eight years. But, if youre in it for the long run, this is it, and this is now. MBA hires are also given 15 days of paid time off a year at BCG. They provide their services across the world to various businesses and help clients with their unique challenges. What do they all have in common? The fun part though is in the details that drive that variance. Are you looking for a workplace that supports your personal growth even after you leave? - Katie Williams, Senior Director 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. However, the promotions and raises are just as rewarding as the effort needed to be put in. That's a rare thing to find at other places." 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. Average salaries for Boston Consulting Group Partner And Managing Director: [salary]. I have deep expertise in strategy, operations, transformation, implementation and large capital . 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. 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. Quick answer: between $500K - $5M. On Fishbowl, you can share insights and advice anonymously with Boston Consulting Group employees and get real answers from people on the inside. 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. 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? 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. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Required fields are marked *. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. 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. 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." 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. Operations Manager Salary (4 salaries) 19.7L 6.6L 35.5L . .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? You're in the right place. With four to five years out of MBA, this is the second promotion for BCG employees. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. This is a fun topic to discuss. Partner, total compensation: $1M - $5M+. Total COMPENSATION. Are you looking for a workplace that supports your personal growth even after you leave? In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. Average Boston Consulting Group Director salary in India is 78.7 Lakhs for experience between 15 years to 21 years Director salary at Boston Consulting Group India ranges between 46.0 Lakhs to . TOEIC> You'll find people from all walks of life at BCG. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. Each promotion to a higher level will also coincide with a salary leap. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . ", "I recommend RocketBlocks to everyone at Wharton who asks. Average BCG Managing Director salary in India is 218.8 Lakhs per year. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. 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. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. Previously was always "Partner and Managing Director". - Gregory Boison, Managing Director and Partner 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. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). Over the years, I have developed a broad set of skills, experience and interests, to keep myself relevant in this highly competitive world. Join 90,000+ on the #1 consulting prep channel! 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. 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. Each stage of the hiring process needs to be carefully prepared: Online Application Potential Tests Fit Interview Case Interview. -- Morgan Cummings Gray, McKinsey Engagement Manager. McKinsey & Company Boston Consulting Group Bain & Company. Note: Salaries for consulting roles can vary immensely. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.
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