They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. - Gregory Boison, Managing Director and Partner The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. 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. What do they all have in common? About. And well never share your email. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. TOEIC> In the US, partners at Bain & Co can expect to make $324,000 annually in base . Consultant Salary in India 2020. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. How accurate does US$368,997 - US$645,338 look to you? Explore Career Opportunities in Australia Office Leadership Anthony Roediger No. 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. 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. Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . Stock Bonus, Commission Sharing, Tips have not been reported for this role. Bain & Company Partner Salary. 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. 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. 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. 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. Managing Director and Partner, Global Chief Economist New York Philipp Carlsson-Szlezak is Boston Consulting Group's Global Chief Economist. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Dive into the principles that shape our business. They are a company providing people with jobs, a salary, and even a retirement plan. Engage in conversations about Partner and Managing Director pay with other professionals in the community. Are you looking for a workplace that supports your personal growth even after you leave? 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. 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. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The estimated additional pay is $292,558 per year. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. 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." - Katie Williams, Senior Director However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. Your input helps Glassdoor refine our pay estimates over time. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. 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. Dive into the principles that shape our business. This is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. Average salary for Boston Consulting Group Managing Director And Partner in New York City: US$502,050. Answer (1 of 5): Answering from a U.S. perspective. 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 . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The biggest perks are for: This firm hires people with broad business knowledge. See all Managing Director/Partner salaries to learn how this stacks up in the market. We and our partners use cookies to Store and/or access information on a device. Partner, total compensation: $1M - $5M+. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. Average salary for Boston Consulting Group Managing Director And Partner in Toronto: $466,741. BCG often looks for candidates with certain qualities, especially in times of crisis. These numbers are just starting salaries. You'll find people from all walks of life at BCG. 2022 MConsultingPrep | Intellectual Property protected by DMCA. Typically, a career at BCG starts with being an associate. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. 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 I have deep expertise in strategy, operations, transformation, implementation and large capital . Sample answers from ex-McKinsey, BCG and Bain consultants. 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. 2028 . UK employees of the BCG tend to be behind the US employees when it comes to salary. Potential bonuses can be from $90,000 to $130,000. The diagram above shows how pay varies per career level. Director. An incoming masters hire can expect a starting base salary of $110,000 at BCG. Plus technique overviews and premium 1-on-1 Expert coaching. 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 . However, the promotions and raises are just as rewarding as the effort needed to be put in. 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 BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. 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. Our 1st years just had a great recruiting season thanks to RocketBlocks and it helped me land my McKinsey internship." Get a free, personalized salary estimate based on today's job market. If you are overcoming hardships, we wanna help! Jr. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Annika Zawadzki und Jobs bei hnlichen Unternehmen erfahren. Company performance: how is the business performing overall? The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. How accurate does 2,95,93,447 - 3,18,30,968 look to you? In India, a new McKinsey/BCG/Bain partner makes around 1.5 Crores a year. Part. Total Compensation. Average salary for Boston Consulting Group Managing Director And Partner in Worsley: [salary]. This is a fun topic to discuss. 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. Are you looking for a workplace that supports your personal growth even after you leave? See all Partner and Managing Director salaries to learn how this stacks up in the market. My . Board of Directors in BGC PARTNERS INC. For its 2021 fiscal year, BGC PARTNERS INC, listed the following board members on its annual proxy statement to the SEC. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." 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. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods After spending two to three years with the company and completing MBA, employees can earn this promotion. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. Consulting Based on 544 salaries Senior Associate 152 salaries Consultant 145 salaries View More Research & Science Based on 376 salaries Analyst 62 salaries Most of those senior partners are likely pulling in around $1M - $2M annually, while the top 15% all-stars are making more than that. An example of data being processed may be a unique identifier stored in a cookie. Join 90,000+ on the #1 consulting prep channel! Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. You're in the right place. What does AP comp and lifestyle look like? Leaves are less. 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: 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. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. Are you looking for a workplace that supports your personal growth even after you leave? Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. You're in the right place. 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. The average Boston Consulting Group salary ranges from approximately 33,471 per year for, The highest-paying job at Boston Consulting Group is, The lowest-paying job at Boston Consulting Group is, Get started with your Free Employer Profile, Partner and Managing Director salaries - 2 salaries reported, Managing Partner salaries - 2 salaries reported, Partner Managing Director salaries - 1 salaries reported, Managing Director and Partner salaries - 1 salaries reported, Senior Partner and Managing Director salaries - 1 salaries reported. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). 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. Moreover, this would also involve developing and managing client relationships. The estimated base pay is $225,883 per year. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. Manage Settings London, England Metropolitan Area. This is in terms of both salary and cost of living. BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. As does speaking at conferences, boosting the businesss brand, mentoring and alike. See all Managing Director/Partner salaries to learn how this stacks up in the market. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Further details of this event have been sent to your previously entered email address. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). Firm bonus calculation This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. Managing Director (MD) You generally "make partner (equity owner)" sometime between 35 and 50. The estimated base pay is $226,728 per year. 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. Here is a summary: <br><br>1. As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. 13 percents of the salary are above $200K, . Hello everyone, Glassdoor has listed this firm as one of the worlds best companies to work for. Afterward, if you qualify, the selection process takes place. 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. Get a free, personalized salary estimate based on today's job market. 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. 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. BCG ME (Dubai, Doha, and Riyadh) is hiring across all cohorts (in particular Associates, Consultsnts, and Project leaders). Managing Director and Partner salaries at Boston Consulting Group can range from $448,010-$489,144. 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. Based on 1 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Toronto. "I thought about returning to BCG almost the whole time I was away. So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. Each promotion to a higher level will also coincide with a salary leap. 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. 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. 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. Join us and unlock your potential to make a meaningful difference. The salary figures in this article are for those joining management consulting positions in 2023. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. When comparing average salaries with career levels, the data below shows the difference between each. and their pay differs accordingly. Business school grads turned BCG consultants interviewed by BusinessBecause say the firm looks for hires with broad business knowledge. Managing Director and Partner. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. The information regarding salaries is specifically about BCG employees in the US. What do I mean by this? There is a steeper increase in compensation too when youre promoted to the next level. Since late 2021, I have served as the global leader for the firm's Strategy business. 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. . ~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. And for a senior partner we are looking at a salary of up to $5m+. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. Partner & Director = Managing Director & Partner Three separate steps So OP you could get bumped up to P&AD Like Share 1 2Y a Principal 1 No, you could become a "director and partner" which is the expert version of our regular partners which are called "managing director and partner" Like Share 1 2Y Authora Strategy Director However, if you are an undergraduate student, you will most likely have to provide this test. Time is split across several teams to give content and . That's a rare thing to find at other places." Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. MBA hires are also given 15 days of paid time off a year at BCG. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Nov 2016 - Present6 years 5 months. Your input helps Glassdoor refine our pay estimates over time. The base salary provided by BCG is $200,000 to $220,000. From a compensation perspective, it's a pretty nice picture and now you'll understand why all these firms are flooded with resumes! For MBA hires, the total compensation package was:if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'howigotjob_com-banner-1','ezslot_4',195,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-banner-1-0'); This data and analysis were by Management Consulted. Employees who work in the corporate management organizational function tend to get paid the most at at BGC Partners, earning an average yearly salary of $186,338. Boston Consulting Group. Preparing for interviews? When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! 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). Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. 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. 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. The consent submitted will only be used for data processing originating from this website. Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. 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. (Only 1% of applicants to McKinsey actually get hired.) Real interview drills. Their bonuses lie between $350,000 and $550,000. Employees are promoted to this position after spending ten or more years with the company. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. You will also be responsible for identifying new business opportunities and contributing to their growth and development. The base salary provided by BCG is $200,000 to $220,000. 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. We are also particularly proud to rank in the top 5 for all 6 Diversity categories. BCG stands for Boston Consulting Group, which is an American management consulting firm. Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. The community relies on everyone sharing. 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." Like Share 1 3Y McKinsey & Company 2 Mckinsey is BA/associate, Engagement Manage, Associate Partner, Partner, Senior Partner. Its a prerequisite,. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The lowest-paying job at Boston Consulting Group is a Research Associate with a salary of 33,471 per year. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Working at BCG has so much to offer. That's a rare thing to find at other places." Salary estimates are based on 13 latest salaries received from various employees of BCG. 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. MBA hires can also expect between an interest-free relocation payment, and $10,930 per year into their 401k retirement fund. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. Unlock all materials helping you land the next job in BCG! San Francisco, California. 2K followers 500 . - Gregory Boison, Managing Director and Partner This change will be brought about in October. There are many considerations that contribute to salary packages to include the following: Things like recruiting take up a huge amount of time. Get a free, personalized salary estimate based on today's job market. Explore BCG jobs today. <br><br>Prior to BCG, I hold experience in project management, engineering & maintenance in two large . The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. Comprehensive guide to BCG salary in 2020! Salary details differ when it comes to a different country like the UK. BCG Project Leader salary (2020) Base: $178,000 Performance Bonus: Up to $60,000 The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Get a free, personalized salary estimate based on today's job market. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. No, usually, MBA students dont have to give the potential test. 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. International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. You'll find people from all walks of life at BCG.