Continue with Recommended Cookies. 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. Each promotion to a higher level will also coincide with a salary leap. BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! He also leads the Center for Macroeconomics at the BCG Henderson Institute. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Annika Zawadzki und Jobs bei hnlichen Unternehmen erfahren. According to PayScale, t he average Management Consultant salary in India is 1,149,770. 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. Your input helps Glassdoor refine our pay estimates over time. Compare salaries for specific roles across different industries and areas of expertise. How long to wait for a telephonic interview? Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. Daniel Kessler - Managing Director & Senior Partner - LinkedIn The estimated additional pay is $292,558 per year. 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. Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. Corporate members include major FTSE 100 companies who have established strategies for China. What do I mean by this? 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. Leaves are less. 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. What do they all have in common? 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. Boston Consulting Group Managing Director And Partner Salaries in McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Finally, it's worth noting that the senior partner range isn't evenly distributed. Average BCG Managing Director salary in India is 218.8 Lakhs per year. Masters graduates can expect a performance bonus of up to $25,000 and a signing bonus of $5,000. 1x email per week - max. Average salary for Boston Consulting Group Managing Director And Partner in Dallas: USD 427,986. 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. You're in the right 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. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year. In the US, partners at Bain & Co can expect to make $324,000 annually in base . Employees are promoted to this position after spending ten or more years with the company. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Stock Bonus, Commission Sharing, Tips have not been reported for this role. Managing Director/Partner salaries at Boston Consulting Group can range from 2,92,51,235-3,17,66,192. The information regarding salaries is specifically about BCG employees in the US. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. Annika Zawadzki - Managing Director & Partner - Boston Consulting Group For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." and their pay differs accordingly. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. 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 consent submitted will only be used for data processing originating from this website. 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. .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? the Boston Consulting Group INC -- H1B Salaries - Average, Min, Max by This change will be brought about in October. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. [To get a job at BCG] you need to possess the right amount of business knowledge and experience. The Boston Consulting Group (BCG) Jul 2018 - Present4 years 6 months. A shared commitment to our core values. 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. 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. Principal Your input helps Glassdoor refine our pay estimates over time. Hence, if this is where your passion lies and you think youre cut out for it, go for it! 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." Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. 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. 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.. Average salaries for Boston Consulting Group Managing Director And Partner: [salary]. Further details of this event have been sent to your previously entered email address. 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." Our 1st years just had a great recruiting season thanks to RocketBlocks and it helped me land my McKinsey internship." "I thought about returning to BCG almost the whole time I was away. Rebecca Russell - Managing Director and Partner - The Boston - LinkedIn Glassdoor has listed this firm as one of the worlds best companies to work for. 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. We are also particularly proud to rank in the top 5 for all 6 Diversity categories. However, the pay in BCG usually ranges from $90,000 to $5 million. There are many considerations that contribute to salary packages to include the following: Things like recruiting take up a huge amount of time. Boston Consulting Group Managing Director And Partner Salaries UK employees of the BCG tend to be behind the US employees when it comes to salary. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. 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. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). The UK does not have the same dynamic solid. However, this is good news for the potential BCG hires that spent time adapting to a crisis. While it's not difficult to consider what variables go in, how they're weighted, adjusted, etc is a trade secret. OK year? MBA hires are also given 15 days of paid time off a year at BCG. Explore BCG jobs today. 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). My . London, England Metropolitan Area. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The data in this article was sourced from Management Consulteds 2023 Consulting Salary Report. 48 Group Club. BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. (Only 1% of applicants to McKinsey actually get hired.) Additional pay could include bonus, stock, commission, profit sharing or tips. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. An example of data being processed may be a unique identifier stored in a cookie. Management Consulting Salary-Market Report for 2022 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: Gregory Emerson - Managing Director and Partner - LinkedIn This is for 1st-year consultants only, as reported by the Insider. BCG appoints four to managing director & partner in MENA team 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.