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. Senior consultants with three to five years of experience earn an average of $109,000, A consultant who has only a year or two of experience makes an average of $62,000, Up to $4,400 per year in their $401,000 retirement account, $10,312 per year in their 401K retirement fund. As does speaking at conferences, boosting the businesss brand, mentoring and alike. Get a free, personalized salary estimate based on today's job market. You'll find people from all walks of life at BCG. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). About. 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. Arthur U. Mbanefo. London, England Metropolitan Area. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. 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. A Big 4 partner (also known as a principal for those without a CPA) owns the firm, along with all the other partners. Roughly, Principal is now a 2 year role vs a 4 year role previously. - Katie Williams, Senior Director BCG Partner Salary. If you are overcoming hardships, we wanna help! Its annual revenue in 2021 was $11 billion. Average salary for Boston Consulting Group Managing Director And Partner in New York City: US$502,050. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Annika Zawadzki und Jobs bei hnlichen Unternehmen erfahren. 461 records was found, Median Salary is $165000. Based on 1 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Toronto. It may occur before the interviews. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. BCG Principal salary in 7 countries 2016 in US dollar equivalents. Bad year? 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 salary figures in this article are for those joining management consulting positions in 2023. H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. Potential bonuses can be from $90,000 to $130,000. 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.. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. They are a company providing people with jobs, a salary, and even a retirement plan. 2022 MConsultingPrep | Intellectual Property protected by DMCA. The estimated additional pay is $292,558 per year. They earn $90,000 per year and have bonuses that can be up to $18,000. Get a free, personalized salary estimate based on today's job market. 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. 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. Each stage of the hiring process needs to be carefully prepared: Online Application Potential Tests Fit Interview Case Interview. Ok, now, let's put it all together. Salary estimates are based on 13 latest salaries received from various employees of BCG. For those that do tick all the boxes and go on to succeed as a partner, the compensation can be rewarding (you can find all rates in the online salary calculator). The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. E.g. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. Description: after 2-4 years as a Project Manager (Level III), signals greater focus on relationship management and commercial skills. The next promotion after the principal is becoming a Partner. 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? This is much lower than the average a US consultant makes, which is $165,000. Partner and Managing Director salaries at Boston Consulting Group can range from $368,997-$645,338. BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? That's a rare thing to find at other places." 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. 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. 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. BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. Average salary for Boston Consulting Group Partner And Managing Director in Crete, IL: [salary]. The pandemic changed the way a lot of businesses worked. 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." Stock Bonus, Commission Sharing, Tips have not been reported for this role. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. However, this is good news for the potential BCG hires that spent time adapting to a crisis. The estimated base pay is $226,728 per year. Boston Consulting Group. 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. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. BCG Project Leader salary (2020) Base: $178,000 Performance Bonus: Up to $60,000 Bain - "Principal/Senior Manager". Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. Quick answer: between $500K - $5M. Answer (1 of 5): Answering from a U.S. perspective. The cybersecurity landscape continues to develop at a rapid rate. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. North America Leader, Tech Capital, Principal Investors and Private . Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. 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. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. "I thought about returning to BCG almost the whole time I was away. The rates are resilience, focus, focusing on teamwork, and working well under pressure. The Boston Consulting Group Inc H1B Salary 2021. Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. Managing Director and Partner. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Managing Director and Partner salaries at Boston Consulting Group can range from $448,010-$489,144. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. These are new hires that have an undergraduate degree but lack an MBA or Ph.D. 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. Their pay ranges from $210 K to $289 K a year. The base salary provided by BCG is $200,000 to $220,000. Based on 2 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Dallas. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. The diagram above shows how pay varies per career level. What We Offer | BCG Culture & Values | BCG Careers. Managing Director & Partner at The Boston Consulting Group in India. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. Nov 2016 - Present6 years 5 months. .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? 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. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. I'm a core member of India's Financial Institutions Practice Area with experience in growth strategy, large scale transformations, digital journeys, sales & marketing excellence, people and organization and business and turnaround strategies across banks, NBFCs and asset management companies. Since late 2021, I have served as the global leader for the firm's Strategy business. Preparing for interviews? UK employees of the BCG tend to be behind the US employees when it comes to salary. Dive into the principles that shape our business. BCG Consultant salary in 7 countries 2016 in US dollar equivalents. What do they all have in common? Partner, total compensation: $1M - $5M+. - Katie Williams, Senior Director 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. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. Firm bonus calculation Explore Career Opportunities in Australia Office Leadership Anthony Roediger Hence, if this is where your passion lies and you think youre cut out for it, go for it! BCG stands for Boston Consulting Group, which is an American management consulting firm. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. BCG Gamma Salary BCG Gamma is a division of BCG focusing on data science and advanced analytics. We and our partners use cookies to Store and/or access information on a device. How accurate does US$368,997 - US$645,338 look to you? Are you looking for a workplace that supports your personal growth even after you leave? Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . "I thought about returning to BCG almost the whole time I was away. MBA hires are also given 15 days of paid time off a year at BCG. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. An example of data being processed may be a unique identifier stored in a cookie. This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. . 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. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. This is a breakdown of management consulting salaries in 2022. 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. They usually work on one project at a time and empower organizations to grow. 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. 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 . In the US, partners at Bain & Co can expect to make $324,000 annually in base . This is just their base pay, though. 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: Finally, it's worth noting that the senior partner range isn't evenly distributed. This includes metropolitan areas like Atlanta, Philadelphia, etc. Sample answers from ex-McKinsey, BCG and Bain consultants. 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." 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. 13 percents of the salary are above $200K, . Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. Total COMPENSATION. The company works with clients from the public and private as well as not-for-profit sectors in all areas. Know Your Worth. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. looking for a job openings at BCG in consulting areas They do not get a salary, instead being paid a share of the profits of th. This is in terms of both salary and cost of living. 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. Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. 2K followers 500 . Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. This is the starting figure that almost every partner is guaranteed to make. You'll find people from all walks of life at BCG. Managing Director/Partner salaries at Boston Consulting Group can range from 2,96,00,169-3,15,19,615. based on 13 latest salaries. 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. 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. Average salary for Boston Consulting Group Managing Director And Partner in Toronto: $466,741. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. McKinsey & Company Boston Consulting Group Bain & Company. 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 . 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. Employees in the business development department receive relatively high salaries as well, where wages average $145,339 per year. Know Your Worth. 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.