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In addition, those who spent 2020 getting used to this new way of conducting business and living will help them get hired into the BCG. Senior managers earn $153,000 on average. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. Plus technique overviews and premium 1-on-1 Expert coaching. Employees are promoted to this position after spending ten or more years with the company. There is a screening process and a selection process. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods Boston Consultant Group is a vast company that ranges far and wide around the globe. 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. In addition, their performance bonuses are more than $500,000 a year. Engage in conversations about Partner and Managing Director pay with other professionals in the community. Partner and Managing Director salaries at Boston Consulting Group can range from $368,997-$645,338. 461 records was found, Median Salary is $165000. 2K followers 500 . Managing Director & Partner at BCG | Global Topic Lead Climate & Sustainability in TCI | Climate Risk, Adaptation and Resilience Kln, Nordrhein-Westfalen, Deutschland. You're in the right place. This estimate is based upon 2 Boston Consulting Group Partner and Managing Director salary report(s) provided by employees or estimated based upon statistical methods. The community relies on everyone sharing. I am a Managing Director & Senior Partner at Boston Consulting Group and lead BCG's Financial Institutions Practice in Switzerland. See all Managing Director/Partner salaries to learn how this stacks up in the market. Your input helps Glassdoor refine our pay estimates over time. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. London, England Metropolitan Area. About. If you are overcoming hardships, we wanna help! In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). 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. 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! Get a free, personalized salary estimate based on today's job market. Read more about Consulting Salaries For MBA & Masters Graduates. 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. Real interview drills. Based on 1 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Toronto. Bain - "Principal/Senior Manager". Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. It may occur before the interviews. Complete H1B Salaries information for the Boston Consulting Group INC with Minimum, Average and Maximum Salaries given by Job Title . Please try again later. 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. Further details of this event have been sent to your previously entered email address. Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. 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. North America Leader, Tech Capital, Principal Investors and Private . 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. The estimated base pay is $225,883 per year. The information regarding salaries is specifically about BCG employees in the US. Note: Salaries for consulting roles can vary immensely. 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. Firm bonus calculation Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. Explore Career Opportunities in Australia Office Leadership Anthony Roediger Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. McKinsey & Company Boston Consulting Group Bain & Company. The latest news as of August 2021 is that BCG is bumping their base pay by $10,000 for consultants and associates. This year BCG moved up the rankings to #2 overall and ranked 1st place in an impressive 9 practice areas. - Katie Williams, Senior Director That's a rare thing to find at other places." There is also some variance over the size of relocation packages, with Bain being the most generous. 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 email address will not be published. Along with the opportunity to work at the cutting-edge of business, a typical BCG consultant salary hits a lucrative six-figures. After this comparison, it is safe to conclude that its better to be in a BGC located in the US. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. You'll find people from all walks of life at BCG. BCG stands for Boston Consulting Group, which is an American management consulting firm. Their bonuses lie between $350,000 and $550,000. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). Principal 13 percents of the salary are above $200K, . 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. You're in the right place. The estimated additional pay is $292,558 per year. Average salary for Boston Consulting Group Managing Director And Partner in Worsley: [salary]. Potential bonuses can be from $90,000 to $130,000. . In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). - Gregory Boison, Managing Director and Partner The rates are resilience, focus, focusing on teamwork, and working well under pressure. Jr. Average salary for Boston Consulting Group Partner And Managing Director in Crete: US$379,540. In the US, partners at Bain & Co can expect to make $324,000 annually in base . 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: $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). "I thought about returning to BCG almost the whole time I was away. They usually work on one project at a time and empower organizations to grow. Moreover, this would also involve developing and managing client relationships. Todays topic- BCG Partner Salary. 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. 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 . 2022 MConsultingPrep | Intellectual Property protected by DMCA. This one is pretty straight forward and makes sense after all, you are a Partner in a Partnership, so overall performance will matter. 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. Incoming MBA hires can expect a lucrative $190,000 per year as a starting salary. 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? 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. (Only 1% of applicants to McKinsey actually get hired.) This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. Great year? 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 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. The estimated additional pay is $292,558 per year. Help our clients do amazing work while unlocking the potential of those who advance the world. "I thought about returning to BCG almost the whole time I was away. <br><br>At BCG, I work with a broad variety of clients, from multinational companies over private equity owned firms to family owned businesses. 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. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. Get started with your Free Employer Profile, The Ultimate Job Interview Preparation Guide. Leading the Automotive and Mobility Practice Successfully worked on and led projects across N. America, S. America,. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. Beyond is where we begin. 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. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges.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. 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 . Managing Director and Partner, Global Chief Economist New York Philipp Carlsson-Szlezak is Boston Consulting Group's Global Chief Economist. 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. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. 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. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. Ok, now, let's put it all together. Are you looking for a workplace that supports your personal growth even after you leave? 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. 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. BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe.