Becoming a partner is an outstanding achievement involving time, dedication, and hard work. Average BCG Managing Director salary in India is 218.8 Lakhs per year. Preparing for interviews? Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. Unlock all materials helping you land the next job in BCG! The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. Explore BCG jobs today. See all Partner and Managing Director salaries to learn how this stacks up in the market. 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. They also get up to $4,400 per year dropped into their 401k retirement account as part of a profit-sharing initiative for employees. Thinking of moving from BCG to Mckinsey. Working Student - Regional HR - Global Specialty Businesses The community relies on everyone sharing. Time is split across several teams to give content and . They provide their services across the world to various businesses and help clients with their unique challenges. Learn how much management consultants make based on the firm and their experience level. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. This year BCG moved up the rankings to #2 overall and ranked 1st place in an impressive 9 practice areas. The cybersecurity landscape continues to develop at a rapid rate. BCG Principal and Partner yearly salary in the US can be up to $1,150, with a base of up to $850,000 and bonuses up to $300,000. Consultant Salary in India 2020. You'll find people from all walks of life at BCG. 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. Managing Director & Partner at BCG | Global Topic Lead Climate & Sustainability in TCI | Climate Risk, Adaptation and Resilience Kln, Nordrhein-Westfalen, Deutschland. And for a senior partner we are looking at a salary of up to $5m+. They earn $90,000 per year and have bonuses that can be up to $18,000. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. 13 percents of the salary are above $200K, . Further details of this event have been sent to your previously entered email address. Your email address will not be published. .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? Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). Find out what BCG consultant salary prospects are for MBA and masters graduates. Potential bonuses can be from $90,000 to $130,000. Bad year? McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". "I thought about returning to BCG almost the whole time I was away. So all in all, the total compensation for a junior partner can be between $500k and $1m. Your input helps Glassdoor refine our pay estimates over time. He also leads the Center for Macroeconomics at the BCG Henderson Institute. There is also some variance over the size of relocation packages, with Bain being the most generous. Your email address will not be published. Arthur U. Mbanefo. You'll find people from all walks of life at BCG. 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. Note: Salaries for consulting roles can vary immensely. An example of data being processed may be a unique identifier stored in a cookie. 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. Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm. 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. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. In addition, their performance bonuses are more than $500,000 a year. 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 Boston Consulting Group. Managing Director and Partner salaries at Boston Consulting Group can range from $448,010-$489,144. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. This is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. The latest news as of August 2021 is that BCG is bumping their base pay by $10,000 for consultants and associates. Partner, total compensation: $500K - $1M, Sr. What do they all have in common? Complete H1B Salaries information for the Boston Consulting Group INC with Minimum, Average and Maximum Salaries given by Job Title . How accurate does US$368,997 - US$645,338 look to you? Partner and Managing Director salaries at Boston Consulting Group can range from $368,997-$645,338. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Managing Director & Partner at The Boston Consulting Group in India. Hence, if this is where your passion lies and you think youre cut out for it, go for it! When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods This employer has claimed their Employer Profile and is engaged in the Glassdoor community. BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. See all Managing Director/Partner salaries to learn how this stacks up in the market. Are you looking for a workplace that supports your personal growth even after you leave? The diagram above shows how pay varies per career level. Save my name, email, and website in this browser for the next time I comment. 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.. - Katie Williams, Senior Director 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. BCG often looks for candidates with certain qualities, especially in times of crisis. That's a rare thing to find at other places." based on 13 latest salaries. That's a rare thing to find at other places." 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." Since late 2021, I have served as the global leader for the firm's Strategy business. Each promotion to a higher level will also coincide with a salary leap. Managing Director salary at BCG ranges between 70.0 Lakhs to 300.0 Lakhs per year. The estimated base pay is $226,728 per year. McKinsey also offers to pay 50% of MBA tuition for . BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. You're in the right place. - Katie Williams, Senior Director Engage in conversations about Partner and Managing Director pay with other professionals in the community. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. 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. The lowest-paying job at Boston Consulting Group is a Research Associate with a salary of 33,471 per year. 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. Total Compensation. There is a screening process and a selection process. 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. Explore BCG jobs today. My . BCG has firms set up in numerous places across the globe. The estimated base pay is $225,883 per year. 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 That's a rare thing to find at other places." [To get a job at BCG] you need to possess the right amount of business knowledge and experience. Leaves are less. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. 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 . 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. How long to wait for a telephonic interview? They therefore operate as any other business owners. 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. After this comparison, it is safe to conclude that its better to be in a BGC located in the US. This article is updated annually. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . Comprehensive guide to BCG salary in 2020! However, if you are an undergraduate student, you will most likely have to provide this test. Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! Roughly, Principal is now a 2 year role vs a 4 year role previously. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. 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). 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. In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. Managing Partner Salary (33 salaries) 233.9L 75.0L 500.0L. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. 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. 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. Stock Bonus, Commission Sharing, Tips have not been reported for this role. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. I am a Managing Director & Partner with Boston Consulting Group. Average salary for Boston Consulting Group Managing Director And Partner in New York City: US$502,050. In the US, partners at Bain & Co can expect to make $324,000 annually in base . .css-1qxtz39{font-size:12px;}Reported in 1 salaries. Glassdoor has listed this firm as one of the worlds best companies to work for. 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. The base salary provided by BCG is $200,000 to $220,000. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Required fields are marked *. On Glassdoor I found about 70k base + bonus but I wonder if it is still updated 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. BCG Principal salary in 7 countries 2016 in US dollar equivalents. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Dive into the principles that shape our business. San Francisco, California. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,961 per year. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. About. Business school grads turned BCG consultants interviewed by BusinessBecause say the firm looks for hires with broad business knowledge. Operations Manager Salary (4 salaries) 19.7L 6.6L 35.5L . Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. All BCG Salaries Last Updated: 17 Sep 2022 Similar Designations in BCG International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. Typically, a career at BCG starts with being an associate. 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. When comparing average salaries with career levels, the data below shows the difference between each. 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. Average salary for Boston Consulting Group Partner And Managing Director in Crete, IL: [salary]. 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. Get a free, personalized salary estimate based on today's job market. The Boston Consulting Group (BCG) Jul 2018 - Present4 years 6 months. 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. <br><br>At BCG, I work with a broad variety of clients, from multinational companies over private equity owned firms to family owned businesses.
