According to PayScale, t he average Management Consultant salary in India is 1,149,770. 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. How accurate does 2,95,93,447 - 3,18,30,968 look to you? You'll find people from all walks of life at BCG. Base salaries by partner level Junior partner: $350 - $500K Senior partner: $500 - $650K So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. I remember being floored when I first joined BCG and saw the salary bands presented internally! 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. Complete H1B Salaries information for the Boston Consulting Group INC with Minimum, Average and Maximum Salaries given by Job Title . Bain - "Principal/Senior Manager". Director. Learn how much management consultants make based on the firm and their experience level. Your input helps Glassdoor refine our pay estimates over time. Previously was always "Partner and Managing Director". 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. Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. San Francisco, California. Your input helps Glassdoor refine our pay estimates over time. Know Your Worth. Upon being promoted from associate to consultant, the base pay is almost doubled. Glassdoor has listed this firm as one of the worlds best companies to work for. 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. What do they all have in common? Gregory Emerson - Managing Director and Partner - LinkedIn The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,961 per year. But, if youre in it for the long run, this is it, and this is now. Natarajan Sankar - Managing Director and Partner - The - LinkedIn 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. Unlock all materials helping you land the next job in BCG! Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. Out of curiosity: what is the difference between " | Fishbowl BCG Partner Salary. BCG - Boston Consulting Group "I thought about returning to BCG almost the whole time I was away. On Glassdoor I found about 70k base + bonus but I wonder if it is still updated Consultant Salary in India 2020. 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 In addition, their performance bonuses are more than $500,000 a year. An incoming masters hire can expect a starting base salary of $110,000 at BCG. London, England Metropolitan Area. Boston Consulting Group Managing Director And Partner Salaries in Save my name, email, and website in this browser for the next time I comment. Explore Career Opportunities in Australia Office Leadership Anthony Roediger On Fishbowl, you can share insights and advice anonymously with Boston Consulting Group employees and get real answers from people on the inside. - Katie Williams, Senior Director 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: If you are overcoming hardships, we wanna help! In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. The estimated additional pay is $292,558 per year. - Katie Williams, Senior Director I am a Managing Director & Partner with Boston Consulting Group. Boston Consulting Group Managing Director/Partner Salaries Your input helps Glassdoor refine our pay estimates over time. Jr. The information regarding salaries is specifically about BCG employees in the US. Boston Consulting Group Partner And Managing Director Salaries in Crete All About Management Consulting Salaries - Career in Consulting TOEIC> Find out what BCG consultant salary prospects are for MBA and masters graduates. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". Does anyone know the updated salary for post grad positions (McK Business Analyst / BCG Associate) in Singapore at MBBs? 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. Get a free, personalized salary estimate based on today's job market. Explore BCG jobs today. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. based on 13 latest salaries. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods Ok, now, let's put it all together. Also, BCGs locations in the US have a much cheaper cost of living than the US. Like the salaries, BGC UK employees typically have lower performance bonuses too. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. HR Jobs & Career Opportunities | BCG Careers 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. Mayank Jha - Managing Director and Partner - Boston Consulting Group OK year? No. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). Total COMPENSATION. You're in the right place. 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. 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). Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. This is for 1st-year consultants only, as reported by the Insider. Masters graduates can expect a performance bonus of up to $25,000 and a signing bonus of $5,000. This requires three interviews in Round 1 and three in round 2 of a Fit and Case. Upon passing all this, you may be offered a spot in BCG. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. Aman Wang - Managing Director and Partner - Boston Consulting Group 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. Finally, it's worth noting that the senior partner range isn't evenly distributed. International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. Managing Director (MD) You generally "make partner (equity owner)" sometime between 35 and 50. This change will be brought about in October. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. A partner can earn on average $533,000 with bonuses and all. According to Glassdoor, Partners earn on average $252,055 a year. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. And for a senior partner we are looking at a salary of up to $5m+. Managing Director and Partner. 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." 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. No spam. Hello everyone, Know Your Worth. Along with the opportunity to work at the cutting-edge of business, a typical BCG consultant salary hits a lucrative six-figures. This is in terms of both salary and cost of living. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! The Boston Consulting Group Inc H1B Salary 2021. 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. Operations Manager Salary (4 salaries) 19.7L 6.6L 35.5L . 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: Thank you for registering your attendance to How Much Can a Partner at Mckinsey, BCG Or Bain Actually Make?. Average salary for Boston Consulting Group Managing Director And Partner in Worsley: [salary]. What We Offer | BCG Culture & Values | BCG Careers. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. BCG Partner Salaries in India | AmbitionBox 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. Dive into the principles that shape our business. So it all depends on their base salaries and bonuses. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 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. 13 percents of the salary are above $200K, . BCG, MD are generally partner equivalent The comp is a bit different with Big4 firms and partner type firms. Consulting Based on 544 salaries Senior Associate 152 salaries Consultant 145 salaries View More Research & Science Based on 376 salaries Analyst 62 salaries Are you looking for a workplace that supports your personal growth even after you leave? Sek-loong Tan - Managing Director and Partner - Boston Consulting Group McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG, PwC): Differences .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? It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. Boston Consulting Group Managing Director And Partner Salaries in New ", "I recommend RocketBlocks to everyone at Wharton who asks. looking for a job openings at BCG in consulting areas This includes metropolitan areas like Atlanta, Philadelphia, etc. They do not get a salary, instead being paid a share of the profits of th. This is a fun topic to discuss. Know Your Worth. The UK does not have the same dynamic solid. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Masters graduates can expect 15 days per year of paid time off. The diagram above shows how pay varies per career level. Boston Consulting Group Partner And Managing Director Salaries MBA hires are also given 15 days of paid time off a year at BCG. 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. Their bonuses lie between $350,000 and $550,000. Sample answers from ex-McKinsey, BCG and Bain consultants. - Gregory Boison, Managing Director and Partner Senior managers earn $153,000 on average. See all Managing Director/Partner salaries to learn how this stacks up in the market. Business school grads turned BCG consultants interviewed by BusinessBecause say the firm looks for hires with broad business knowledge. and their pay differs accordingly. There is also some variance over the size of relocation packages, with Bain being the most generous. You'll find people from all walks of life at BCG. The Boston Consulting Groups characteristics in their consultants are that they are creative, impactful, passionate, and team players. There is a steeper increase in compensation too when youre promoted to the next level. 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 . 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. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. 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. 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. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. Jobs in the United States | Careers | Boston Consulting Group - BCG Principal. Difference between the newly introduced role of "Partner" vs Principal Boston Consulting Group Partner And Managing Director Salaries As does speaking at conferences, boosting the businesss brand, mentoring and alike. - Katie Williams, Senior Director Moreover, this would also involve developing and managing client relationships. Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. 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. 2K followers 500 . The fun part though is in the details that drive that variance. 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. This is just their base pay, though. The cybersecurity landscape continues to develop at a rapid rate. BCG Partner Salary- A Salary Guide - How I Got The Job The base salary provided by BCG is $200,000 to $220,000. Home | Careers | Boston Consulting Group Looking to jumpstart your career at BCG? As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. This is the third promotion and is also called the junior partner level. How much does Boston Consulting Group pay in the United States? - Indeed Your input helps Glassdoor refine our pay estimates over time. What do I mean by this? Bad year? Boston Consulting Group Managing Director And Partner Salaries in Boston Consulting Group Managing Director/Partner Salaries Our 1st years just had a great recruiting season thanks to RocketBlocks and it helped me land my McKinsey internship." .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? What do they all have in common? Plus technique overviews and premium 1-on-1 Expert coaching. The pandemic changed the way a lot of businesses worked. The estimated additional pay is $292,558 per year. Quick answer: between $500K - $5M. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. These numbers are just starting salaries. Company performance: how is the business performing overall? BCG Director Salaries in India | AmbitionBox BCG Managing Director Salaries in India | AmbitionBox It is headquartered in Boston, Massachusetts, and was founded in 1963. .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? Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. See all Partner and Managing Director salaries to learn how this stacks up in the market. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Managing Director/Partner salaries at Boston Consulting Group can range from 2,92,51,235-3,17,66,192. Average salaries for Boston Consulting Group Partner And Managing Director: [salary]. It may occur before the interviews. Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Most of those senior partners are likely pulling in around $1M - $2M annually, while the top 15% all-stars are making more than that. 1x email per week - max. Note: Salaries for consulting roles can vary immensely. That's a rare thing to find at other places." How accurate does 2,96,00,169 - 3,15,19,615 look to you? They provide their services across the world to various businesses and help clients with their unique challenges. Compare salaries for specific roles across different industries and areas of expertise. Beyond is where we begin. Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. 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. 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. 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. BCG Consultant Salary | What Could You Earn At The - BusinessBecause The estimated base pay is $225,883 per 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.. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. Todays topic- BCG Partner Salary. 2028 . Stock Bonus, Commission Sharing, Tips have not been reported for this role. They support and consult with their clients regarding good opportunities and addressing challenges by providing expert opinions and analysis based on their expertise. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. When comparing average salaries with career levels, the data below shows the difference between each. Potential bonuses can be from $90,000 to $130,000. That's a rare thing to find at other places." So all in all, the total compensation for a junior partner can be between $500k and $1m. Partner, total compensation: $1M - $5M+. Boston Consulting Group Salaries How much do Boston Consulting Group employees make? Boston Consulting Group Partner And Managing Director Salaries in Red What do they all have in common? BCG (Boston Consulting Group) Salary (2020) | MConsultingPrep - Katie Williams, Senior Director A career in a consulting role in one of the top tier strategy consulting firms will most certainly enable you to have a challenging, diverse and fulfilling career engaging with some super smart folk whether you progress right through to Partner or decide to pursue a role in industry after reaching manager level and obtaining that illustrious tool kit. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). 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 stands for Boston Consulting Group, which is an American management consulting firm. Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the BCG associate salary level. - Gregory Boison, Managing Director and Partner 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. E.g. Average salaries for Boston Consulting Group Managing Director And Partner: [salary]. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. We and our partners use cookies to Store and/or access information on a device. 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. Corporate members include major FTSE 100 companies who have established strategies for China. Here are some practical guidelines to help increase your chance of getting hired: 18 lists of top consulting firms, on 18 different criteria, all updated for 2020 - size, prestige, salary, work/life balance, and even more. 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. "I thought about returning to BCG almost the whole time I was away. Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. The acceptance rate is less than 1%, making the selection at BCG highly competitive. Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. Something went wrong. 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). This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Thinking of moving from BCG to Mckinsey. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc.