You're in the right place. See all Managing Director/Partner salaries to learn how this stacks up in the market. What do I mean by this? In addition, those who spent 2020 getting used to this new way of conducting business and living will help them get hired into the BCG. 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. When comparing average salaries with career levels, the data below shows the difference between each. What do they all have in common? 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." Thank you for registering your attendance to How Much Can a Partner at Mckinsey, BCG Or Bain Actually Make?. However, if you are an undergraduate student, you will most likely have to provide this test. We are also particularly proud to rank in the top 5 for all 6 Diversity categories. Also, BCGs locations in the US have a much cheaper cost of living than the US. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. 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 . I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. Total Compensation. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. The next promotion after the principal is becoming a Partner. 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. This is for 1st-year consultants only, as reported by the Insider. Compare salaries for specific roles across different industries and areas of expertise. 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. Afterward, if you qualify, the selection process takes place. The estimated additional pay is $292,558 per year. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". They provide their services across the world to various businesses and help clients with their unique challenges. Continue with Recommended Cookies. In addition, their performance bonuses are more than $500,000 a year. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. This is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. Principal Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. Managing Director/Partner salaries at Boston Consulting Group can range from 2,96,00,169-3,15,19,615. 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. Finally, it's worth noting that the senior partner range isn't evenly distributed. 1x email per week - max. Associate Principal/ Senior Project Leader With four to five years out of MBA, this is the second promotion for BCG employees. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Senior managers earn $153,000 on average. You'll find people from all walks of life at BCG. Description: after 2-4 years as a Project Manager (Level III), signals greater focus on relationship management and commercial skills. BCG has firms set up in numerous places across the globe. And well never share your email. What do they all have in common? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. According to PayScale, t he average Management Consultant salary in India is 1,149,770. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. 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 . Manage Settings Formed in 1953, the Club is the most prominent institute in the UK-China community aiming to promote the economic relation and help understand China. My . Stock Bonus, Commission Sharing, Tips have not been reported for this role. 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. About. Are you looking for a workplace that supports your personal growth even after you leave? Employees in the business development department receive relatively high salaries as well, where wages average $145,339 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. BCG Associate salary in 12 countries 2016 in US dollar equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). .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? At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". BCG consultant salaries have also risen for 2023, along with the other Big Three consulting firms. See all Partner and Managing Director salaries to learn how this stacks up in the market. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. 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. 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. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. North America Leader, Tech Capital, Principal Investors and Private . McKinsey & Company Boston Consulting Group Bain & Company. 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. 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. Get a free, personalized salary estimate based on today's job market. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! Partner, total compensation: $500K - $1M, Sr. Dive into the principles that shape our business. Boston Consulting Group. 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. 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. Average salary for Boston Consulting Group Partner And Managing Director in Crete, IL: [salary]. Leaves are less. How accurate does 2,95,93,447 - 3,18,30,968 look to you? - Gregory Boison, Managing Director and Partner Part. The company works with clients from the public and private as well as not-for-profit sectors in all areas. BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? $2,000,000. 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 Boston Consulting Group (BCG) Jul 2018 - Present4 years 6 months. - Katie Williams, Senior Director 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. They therefore operate as any other business owners. I have deep expertise in strategy, operations, transformation, implementation and large capital . 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? Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. For example, in the future, you could imagine the base salary and bonus formula for an implementation partner or digital labs partner to be different than pure "strategy." In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). 2. Managing Director & Partner at BCG | Global Topic Lead Climate & Sustainability in TCI | Climate Risk, Adaptation and Resilience Kln, Nordrhein-Westfalen, Deutschland. Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! What We Offer | BCG Culture & Values | BCG Careers. Like the salaries, BGC UK employees typically have lower performance bonuses too. <br><br>At BCG, I work with a broad variety of clients, from multinational companies over private equity owned firms to family owned businesses. BCG ME (Dubai, Doha, and Riyadh) is hiring across all cohorts (in particular Associates, Consultsnts, and Project leaders). Explore BCG jobs today. What do they all have in common? <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . All BCG Salaries Last Updated: 17 Sep 2022 Similar Designations in BCG Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Ok, now, let's put it all together. Written by RocketBlocks experts. Along with the opportunity to work at the cutting-edge of business, a typical BCG consultant salary hits a lucrative six-figures. Firm bonus calculation Find out what BCG consultant salary prospects are for MBA and masters graduates. Average BCG Managing Director salary in India is 218.8 Lakhs per year. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Unlock all materials helping you land the next job in BCG! Roughly, Principal is now a 2 year role vs a 4 year role previously. Thinking of moving from BCG to Mckinsey. Are you looking for a workplace that supports your personal growth even after you leave? Name. Partner, total compensation: $1M - $5M+. San Francisco, California. Managing Director and Partner at Boston Consulting Group (BCG) I Head of Biopharma Germany, Austria, Switzerland and Central Eastern Europe Frankfurt, Hessen, Deutschland 1354 Follower:innen 500+ Kontakte What does AP comp and lifestyle look like? Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. Based on 1 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Toronto. If you are overcoming hardships, we wanna help! Glassdoor has listed this firm as one of the worlds best companies to work for. 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. There are many considerations that contribute to salary packages to include the following: Things like recruiting take up a huge amount of time. This is a breakdown of management consulting salaries in 2022. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. There is a steeper increase in compensation too when youre promoted to the next level. 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. 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. 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. 13 percents of the salary are above $200K, . The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. A partners salary starts at $450,000 with a performance bonus of over $500,000. Since late 2021, I have served as the global leader for the firm's Strategy business. Save my name, email, and website in this browser for the next time I comment. BCG, MD are generally partner equivalent The comp is a bit different with Big4 firms and partner type firms. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'howigotjob_com-large-mobile-banner-2','ezslot_14',198,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0'); At BCG, senior partners are referred to as Partner and Managing Director. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). So it all depends on their base salaries and bonuses. There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. Sample answers from ex-McKinsey, BCG and Bain consultants. There are junior partners and senior partners. The Boston Consulting Group Inc H1B Salary 2021. Total COMPENSATION. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. The consent submitted will only be used for data processing originating from this website. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. Get a free, personalized salary estimate based on today's job market. 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." They also get up to $4,400 per year dropped into their 401k retirement account as part of a profit-sharing initiative for employees. 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. Complete H1B Salaries information for the Boston Consulting Group INC with Minimum, Average and Maximum Salaries given by Job Title . Business school grads turned BCG consultants interviewed by BusinessBecause say the firm looks for hires with broad business knowledge. [To get a job at BCG] you need to possess the right amount of business knowledge and experience. They earn $90,000 per year and have bonuses that can be up to $18,000. Additional pay could include bonus, stock, commission, profit sharing or tips. BCG stands for Boston Consulting Group, which is an American management consulting firm. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,961 per year. Company performance: how is the business performing overall? The latest news as of August 2021 is that BCG is bumping their base pay by $10,000 for consultants and associates. Join us and unlock your potential to make a meaningful difference. Its a prerequisite,. 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 . The fun part though is in the details that drive that variance. 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. Over the years, I have developed a broad set of skills, experience and interests, to keep myself relevant in this highly competitive world. Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. The Boston Consulting Groups characteristics in their consultants are that they are creative, impactful, passionate, and team players. Know Your Worth. 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. Time is split across several teams to give content and . Know Your Worth. I remember being floored when I first joined BCG and saw the salary bands presented internally! Managing Director and Partner, Global Chief Economist New York Philipp Carlsson-Szlezak is Boston Consulting Group's Global Chief Economist. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. BCG often looks for candidates with certain qualities, especially in times of crisis. Working Student - Regional HR - Global Specialty Businesses 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. Your input helps Glassdoor refine our pay estimates over time. and their pay differs accordingly. Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. Your email address will not be published. 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: After this comparison, it is safe to conclude that its better to be in a BGC located in the US. Our 1st years just had a great recruiting season thanks to RocketBlocks and it helped me land my McKinsey internship." 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. 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. H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US.