Average salaries for Boston Consulting Group Partner And Managing Director: [salary]. UK employees of the BCG tend to be behind the US employees when it comes to salary. Part. Hence, if this is where your passion lies and you think youre cut out for it, go for it! .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? Senior managers earn $153,000 on average. Know Your Worth. Bad year? .css-1qxtz39{font-size:12px;}Reported in 1 salaries. Salary details differ when it comes to a different country like the UK. What We Offer | BCG Culture & Values | BCG Careers, Get started with your Free Employer Profile, All Partner and Managing Director Salaries, average salary for a Partner and Managing Director is $155,358 per year in United States, The Ultimate Job Interview Preparation Guide. Dive into the principles that shape our business. 13 percents of the salary are above $200K, . New hires and consultants are expected to have an agile mindset, work with a team, and collaborate with colleagues since consultants need to know how to work in a virtual environment. A shared commitment to our core values. ~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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. You're in the right place. What do they all have in common? They provide their services across the world to various businesses and help clients with their unique challenges. International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. BCG principals typically earn between $350,000 and $420,000 after being out of MBA for six to eight years. "I thought about returning to BCG almost the whole time I was away. BCG, MD are generally partner equivalent The comp is a bit different with Big4 firms and partner type firms. Managing Director/Partner salaries at Boston Consulting Group can range from 2,96,00,169-3,15,19,615. This year BCG moved up the rankings to #2 overall and ranked 1st place in an impressive 9 practice areas. The UK does not have the same dynamic solid. 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. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. This change will be brought about in October. So after 2-3 years principal, you become a salaried partner and then after 2-3 years you become a Managing Director & Partner with equity in the firm. 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. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Comprehensive guide to BCG salary in 2020! Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. Roughly, Principal is now a 2 year role vs a 4 year role previously. 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. 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. Here is a summary: <br><br>1. There are various career levels at BCG like associate, consultant, project leader, partner, etc. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. The company works with clients from the public and private as well as not-for-profit sectors in all areas. Ok, now, let's put it all together. BCG has firms set up in numerous places across the globe. Working Student - Regional HR - Global Specialty Businesses The estimated additional pay is $292,558 per year. 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. Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . That's a rare thing to find at other places." See all Managing Director/Partner salaries to learn how this stacks up in the market. 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. Note: Salaries for consulting roles can vary immensely. 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." 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. The estimated base pay is $225,883 per year. 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. They do not get a salary, instead being paid a share of the profits of th. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. There are junior partners and senior partners. Are you looking for a workplace that supports your personal growth even after you leave? The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. BCG Partner Salary. Manage Settings Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. Boston Consulting Group. Glassdoor has listed this firm as one of the worlds best companies to work for. Quick answer: between $500K - $5M. They earn $90,000 per year and have bonuses that can be up to $18,000. No, usually, MBA students dont have to give the potential test. What do they all have in common? BCG Consultant salary in 7 countries 2016 in US dollar equivalents. Find out what BCG consultant salary prospects are for MBA and masters graduates. A shared commitment to our core values. Written by RocketBlocks experts. 48 Group Club. Learn how much management consultants make based on the firm and their experience level. 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: 2. The fun part though is in the details that drive that variance. "I thought about returning to BCG almost the whole time I was away. Beyond is where we begin. This is a fun topic to discuss. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. No spam. Are you looking for a workplace that supports your personal growth even after you leave? BCG often looks for candidates with certain qualities, especially in times of crisis. The estimated base pay is $225,883 per year. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. - Katie Williams, Senior Director Bain - "Principal/Senior Manager". Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. I remember being floored when I first joined BCG and saw the salary bands presented internally! 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. Get a free, personalized salary estimate based on today's job market. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". You will also be responsible for identifying new business opportunities and contributing to their growth and development. The rates are resilience, focus, focusing on teamwork, and working well under pressure. Great year? It may occur before the interviews. $2,000,000. Explore BCG jobs today. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. looking for a job openings at BCG in consulting areas 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." 1x email per week - max. Corporate members include major FTSE 100 companies who have established strategies for China. 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. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). How accurate does 2,95,93,447 - 3,18,30,968 look to you? Your input helps Glassdoor refine our pay estimates over time. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. Read more about Consulting Salaries For MBA & Masters Graduates. And well never share your email. 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. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. Know Your Worth. . .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? Director. Todays topic- BCG Partner Salary. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. At Boston Consulting Group, Partners are known as "Managing Directors" and then if they have been in that role 5-10 years they might get promoted to Senior Managing 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. Your input helps Glassdoor refine our pay estimates over time. Those who have set out on a, Preparing for an interview is crucial. This is the starting figure that almost every partner is guaranteed to make. However, if you are an undergraduate student, you will most likely have to provide this test. An incoming masters hire can expect a starting base salary of $110,000 at BCG. Potential bonuses can be from $90,000 to $130,000. Know Your Worth. Description: after 2-4 years as a Project Manager (Level III), signals greater focus on relationship management and commercial skills. The diagram above shows how pay varies per career level. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . They support and consult with their clients regarding good opportunities and addressing challenges by providing expert opinions and analysis based on their expertise. A senior partner's base salary is around $500k - $650k There are many considerations that contribute to salary packages to include the following: Personal brand & contributing to the business Things like recruiting take up a huge amount of time. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. According to Glassdoor, Partners earn on average $252,055 a year. Since late 2021, I have served as the global leader for the firm's Strategy business. Get a free, personalized salary estimate based on today's job market. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). BCG Partner Salary After ten or more years with the company, an employee may rise to the senior partner/director position. Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. Something went wrong. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. A good friend of mine who spent 8 years at Bain said "honestly, partner compensation feels like a black box for most of the partners! BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe. The pandemic changed the way a lot of businesses worked. Boston Consulting Group Salaries How much do Boston Consulting Group employees make? 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. Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. Potential bonuses can be from $90,000 to $130,000. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. All BCG Salaries Last Updated: 17 Sep 2022 Similar Designations in BCG Based on 1 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Toronto. 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. See all Managing Director/Partner salaries to learn how this stacks up in the market. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. San Francisco, California. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. Masters graduates can expect 15 days per year of paid time off. That's a rare thing to find at other places." 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. Real interview drills. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Leaves are less. The Boston Consulting Group Inc H1B Salary 2021. - Katie Williams, Senior Director Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. 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." This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Select your job title and find out how much you could make at Boston Consulting Group. Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. You're in the right place. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. Additional pay could include bonus, stock, commission, profit sharing or tips. based on 13 latest salaries. Moreover, the firm also gave 18,000 travel points as a bonus to the consultants this spring. 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. London, England Metropolitan Area. What We Offer | BCG Culture & Values | BCG Careers. What do they all have in common? Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. The acceptance rate is less than 1%, making the selection at BCG highly competitive. - Gregory Boison, Managing Director and Partner 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 . 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. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. 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.