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. Are you looking for a workplace that supports your personal growth even after you leave? .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? You're in the right place. On Fishbowl, you can share insights and advice anonymously with Boston Consulting Group employees and get real answers from people on the inside. Hello everyone, This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Consultant Salary in India 2020. Those who have set out on a, Preparing for an interview is crucial. Stock Bonus, Commission Sharing, Tips have not been reported for this role. See all Managing Director/Partner salaries to learn how this stacks up in the market. They also get up to $4,400 per year dropped into their 401k retirement account as part of a profit-sharing initiative for employees. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. No, usually, MBA students dont have to give the potential test. He also leads the Center for Macroeconomics at the BCG Henderson Institute. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). London, England Metropolitan Area. This is unsurprising, given these are highly polished professionals with ~10 years of expertise and stellar track records. The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. 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: - Katie Williams, Senior Director Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. So it all depends on their base salaries and bonuses. Youll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting Group, and McKinsey. Average salary for Boston Consulting Group Managing Director And Partner in New York City, NY, United States: [salary]. They usually work on one project at a time and empower organizations to grow. 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. What is the difference between Managing Director and Partner in PwC? Dive into the principles that shape our business. See all Managing Director/Partner salaries to learn how this stacks up in the market. McKinsey also offers to pay 50% of MBA tuition for . 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 often looks for candidates with certain qualities, especially in times of crisis. What are the career paths and titles at McKinsey, Bain & BCG? - StrategyU Daniel Kessler - Managing Director & Senior Partner - LinkedIn Bain - "Principal/Senior Manager". I have deep expertise in strategy, operations, transformation, implementation and large capital . When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. MBA hires are also given 15 days of paid time off a year at BCG. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. From a compensation perspective, it's a pretty nice picture and now you'll understand why all these firms are flooded with resumes! Leaves are less. And for a senior partner we are looking at a salary of up to $5m+. All About Management Consulting Salaries - Career in Consulting Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. 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. Aman Wang - Managing Director and Partner - Boston Consulting Group Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. 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 Managing Director & Partner at BCG | Global Topic Lead Climate & Sustainability in TCI | Climate Risk, Adaptation and Resilience Kln, Nordrhein-Westfalen, Deutschland. and their pay differs accordingly. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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. H1B Salaries of the Boston Consulting Group INC for fiscal year* Loading. 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. Additional pay could include bonus, stock, commission, profit sharing or tips. A partner can earn on average $533,000 with bonuses and all. The screening process provides a resume, a cover letter, a one-way interview with HR, and a BCG potential test. Average salary for Boston Consulting Group Managing Director And Partner in Toronto: $466,741. What We Offer | BCG Culture & Values | BCG Careers. 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. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Quick answer: between $500K - $5M. BCG Consultant Salary | BCG consultants can expect to earn big throughout their careers ictor, Want to work for the Boston Consulting Group? The pandemic changed the way a lot of businesses worked. Fiscal Year 2020 Starts Oct 1, 2019, ends Sep 30, 2020 . 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. Your email address will not be published. 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 . Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. 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: 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. Get RocketBlocks. Consulting Based on 544 salaries Senior Associate 152 salaries Consultant 145 salaries View More Research & Science Based on 376 salaries Analyst 62 salaries Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). Explore BCG jobs today. 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." 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. Roughly, Principal is now a 2 year role vs a 4 year role previously. 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). 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. You're in the right place. San Francisco, California. The next promotion after the principal is becoming a Partner. BCG welcomes all applicants, even those with diverse work experience and with any intellectual discipline. Home | Careers | Boston Consulting Group Looking to jumpstart your career at BCG? 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. 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. Help our clients do amazing work while unlocking the potential of those who advance the world. 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. Part. MBA hires can also expect between an interest-free relocation payment, and $10,930 per year into their 401k retirement fund. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Based on [count] salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Worsley. 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. However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. Get a free, personalized salary estimate based on today's job market. 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. And well never share your email. 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. BCG consultant salaries and bonuses tend to grow by 10-to-20% each year. So all in all, the total compensation for a junior partner can be between $500k and $1m. Potential bonuses can be from $90,000 to $130,000. However, if you are an undergraduate student, you will most likely have to provide this test. 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. However, the promotions and raises are just as rewarding as the effort needed to be put in. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. . When comparing average salaries with career levels, the data below shows the difference between each. Principal Zia Siddiqui, EU Business School MBA (pictured below): My department at BCG were looking for someone who could start immediately and I got my contract just after finishing my MBA. Based on 1 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in Toronto. - Gregory Boison, Managing Director and Partner Boston Consulting Group Managing Director And Partner Salaries in New This is in terms of both salary and cost of living. Additional pay could include bonus, stock, commission, profit sharing or tips. 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. 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.. Your email address will not be published. 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). 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. "I thought about returning to BCG almost the whole time I was away. 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. 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. The estimated base pay is $225,883 per year. Managing Director and Partner. 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. Are you looking for a workplace that supports your personal growth even after you leave? If you are overcoming hardships, we wanna help! 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. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Get a free, personalized salary estimate based on today's job market. HR Jobs & Career Opportunities | BCG Careers Thats before the performance and signing bonuses that accompany annual salaries at the top consulting firms. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. 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. Bcg Comprehensive guide to BCG salary in 2020! There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. 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 TOEIC> 2K followers 500 . Bain & Company Partner Salary. Boston Consulting Group Partner And Managing Director Salaries in Red BCG Partner Salary After ten or more years with the company, an employee may rise to the senior partner/director position. This is for 1st-year consultants only, as reported by the Insider. 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. - Katie Williams, Senior Director Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. BCG Consultant Salary | What Could You Earn At The - BusinessBecause Principal. - Gregory Boison, Managing Director and Partner As a top consulting firm, BCG helps clients with total transformationdriving complex change, enabling organizations to grow, and driving bottom-line impact. A shared commitment to our core values. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This is a breakdown of management consulting salaries in 2022. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. Corporate members include major FTSE 100 companies who have established strategies for China. Its a prerequisite,. The base salary provided by BCG is $200,000 to $220,000. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'howigotjob_com-medrectangle-4','ezslot_2',193,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-medrectangle-4-0'); A partner does more than give their expert opinion to clients. 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. Total Compensation. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. Average salary for Boston Consulting Group Partner And Managing Director in Crete, IL: [salary]. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. Roles and Seniority at McKinsey / BCG / Bain - PrepLounge BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. Glassdoor has listed this firm as one of the worlds best companies to work for. After spending two to three years with the company and completing MBA, employees can earn this promotion. Managing Director/Partner salaries at Boston Consulting Group can range from 2,92,51,235-3,17,66,192. On Glassdoor I found about 70k base + bonus but I wonder if it is still updated Dive into the principles that shape our business. This is much lower than the average a US consultant makes, which is $165,000. 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 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. Boston Consulting Group. 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. McKinsey & Company Boston Consulting Group Bain & Company. 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. Note: Salaries for consulting roles can vary immensely. 1x email per week - max. Previously was always "Partner and Managing Director". 2022 MConsultingPrep | Intellectual Property protected by DMCA. 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 total pay for a Partner and Managing Director at Boston Consulting Group is $518,961 per year. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. The rates are resilience, focus, focusing on teamwork, and working well under pressure. (Only 1% of applicants to McKinsey actually get hired.) .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? That's a rare thing to find at other places." Company performance: how is the business performing overall? This change will be brought about in October. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. There is a screening process and a selection process. Thinking of moving from BCG to Mckinsey. 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." Boston Consulting Group Managing Director And Partner Salaries What do they all have in common? BCG (Boston Consulting Group) Salary (2020) | MConsultingPrep [To get a job at BCG] you need to possess the right amount of business knowledge and experience. Managing Partner Salary (33 salaries) 233.9L 75.0L 500.0L. Dive into the principles that shape our business. They are a company providing people with jobs, a salary, and even a retirement plan. Each stage of the hiring process needs to be carefully prepared: Online Application Potential Tests Fit Interview Case Interview. I am a Managing Director & Partner with Boston Consulting Group. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". Description: after 2-4 years as a Project Manager (Level III), signals greater focus on relationship management and commercial skills. Are you looking for a workplace that supports your personal growth even after you leave? BCG consultants in the UK earn on average 93,000, which roughly translates to $128,944 when this article was written. This article is updated annually. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. 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. The COVID-19 pandemic has also changed the way we workgood news for potential BCG hires who have adapted during the crisis. This is the third promotion and is also called the junior partner level. Explore Career Opportunities in Australia Office Leadership Anthony Roediger An example of data being processed may be a unique identifier stored in a cookie. Your input helps Glassdoor refine our pay estimates over time. They therefore operate as any other business owners. Learn how much management consultants make based on the firm and their experience level. Manage Settings Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. Careers Make a Lasting Impact on Companies, Industries, and Society Beyond is where we begin. Also, BCGs locations in the US have a much cheaper cost of living than the US. Boston Consulting Group Partner And Managing Director Salaries That's a rare thing to find at other places." The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods Employees are promoted to this position after spending ten or more years with the company. Average salaries for Boston Consulting Group Partner And Managing Director: [salary]. BCG Partner Salary- A Salary Guide - How I Got The Job 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. Working at BCG has so much to offer. Potential bonuses can be from $90,000 to $130,000. BCG Project Leader Salary in 12 countries 2016 in US Dollar Equivalents, BCG Project Leader salary in 12 countries 2016 in US dollar equivalents. While it's not difficult to consider what variables go in, how they're weighted, adjusted, etc is a trade secret. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. No. Management Consulting: How much do partners at McKinsey, BCG - Quora if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-box-4','ezslot_5',194,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-box-4-0'); According to Management Consulted, the total compensation for BCGs new hires has grown a lot. Boston Consulting Group Salaries - Glassdoor But, if youre in it for the long run, this is it, and this is now. 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. Managing Director salary at BCG ranges between 70.0 Lakhs to 300.0 Lakhs per year. The estimated base pay is $226,728 per year. Related Searches:All Partner and Managing Director Salaries|All Boston Consulting Group Salaries. Your input helps Glassdoor refine our pay estimates over time. based on 13 latest salaries. BCG Consultant Salary | The Management Consulting Experts 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. However, the pay in BCG usually ranges from $90,000 to $5 million. You will also be responsible for identifying new business opportunities and contributing to their growth and development. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. they might have a differential policy on holidays in different countries, BCG formally started operations in India in 1995, opening its offices after nearly a decade of work in the country. Overview Overview 7.1k Reviews 2.4k Jobs 9.5k Salaries 3.3k Interviews 1.7k Benefits 34 Photos. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. Consulting Salary 2020: How much a Consultant earns post-MBA? - e-GMAT 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. What do they all have in common? You'll find people from all walks of life at BCG. Leave Requesting Emails- Types of Sample Emails. See all Partner and Managing Director salaries to learn how this stacks up in the market. What does AP comp and lifestyle look like?