All rights reserved. During the year ending March 2020, BCG LLP paid a total of £110m in wages, salaries and pensions to its UK staff - an average of £114k ($147k) per head for the average consultant/administrative employee.. By comparison, BCG's 72 partners received the … It offers unique opportunities, along with challenges you won't find in a normal corporate firm. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." Typically, McKinsey, Bain and BCG consultants have stronger salary progression within consulting, while alumni from other Management consultancies tend to have better salary prospects in industry in the long term. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Disclaimer: Much of this data is anecdotal and not really based on a thorough academic style survey. By comparison, BCG's 72 partners received the bulk of their compensation in … The average salary for The Boston Consulting Group, Inc. employees is $83,245 per year. The typical career rungs at the Boston Consulting Group (BCG) are as follows: * Associate (~2 years): This is a pre-MBA role, typically hired from top undergraduate colleges. On average, therefore BCG earn eight times more than the rank and file. Recruiting Manager. 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, let’s find out in this article. And for a senior partner we are looking at a salary of up to $5m+ Base: $500k - $650k; Bonus: $550k - $4.5m+ Disgraced ex-McKinsey partner Ragat Gupta’s annual salary was estimated at $5 - $10m USD prior to his conviction in 2012 on insider trading charges. There was an error with your request. 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. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. BCG in France pays BAs an average base salary of €55,000 and a total average salary of €62,000. The Ultimate Guide to Knowing Exactly What You'll Make at Each of the Big 4 Accounting Firms. Boston Consulting Group Salaries trends. For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from £40,000 and can be as high as £45,000. We're dedicated to helping our clients do amazing things and unlocking the potential of those who advance the world. That’s more than double the salary that a college graduate can earn. However, as with any move to a new country with a different legal system, it’s worth educating yourself on the professional differences between your home country and the UAE. We actually have consultants from classic BCG transferring to Gamma. Our career progression is globally align with the rest of BCG. Cash bonuses and profit sharing make up the additional pay. This is comparatively high compared to graduate salaries in most other fields. Kirsten Strijk . There is a partner track at Gamma. Join 60,000+ on the #1 consulting prep channel! Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Intern salaries are usually pro-rated. Sometimes compensation and promotion timings may differ a bit, but not significantly. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. No more is this more obvious than Dubai, a city that ranks ninth in the world for career progression amongst expats. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). Salaries posted anonymously by … Wonder how much consultants are paid? Salaries start at $53,000 for an audit associate and top out at $5,000,000+ for a senior executive partner. The vast majority of all people entering consulting tend to join from one of the first two entry points: F +31 20 548 4001. Wir arbeiten seit über 50 Jahren für internationale Spitzenunternehmen – mit mehr als 90 Büros in 50 Ländern. Amsterdam. It is much less I am making in Switzerland at a major FMCG company (approximately 1/3 less). A new graduate can expect to earn between £35,000 and £42,000 at firms such as these, with salaries increasing to … Salaries start at $53,000 for an audit associate and top out at $5,000,000+ for a senior executive partner. This guide will show you exactly where you fit into the Big 4 salary structure. © 2019. Consulting is not your typical 9-to-5 job. Average Boston Consulting Group hourly pay ranges from approximately $12.00 per hour for Assistant Store Manager to $90.00 per hour for Agile Coach. Allard Creyghton. The average Boston Consulting Group salary ranges from approximately $43,740 per year for Administrative Assistant to $69,360 per year for Business Development Manager. Here's how much you'll make at McKinsey, Bain and BCG in the U.S. How Millennials in consulting jobs handle 60 hour work weeks, How to get a job at McKinsey & Co: learn this programming language, These are the jobs banks will definitely be hiring for in 2021, Barclays hired a new automotive researcher and an HSBC MD migrated to Bain, BlueCrest hired a junior rates trader from JPMorgan. However, pay in some areas of the firm may be higher than others. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. BCG Consultant Salary in 7 countries – 2016 – in US Dollar Equivalents. While the ranges are tightly clustered, historically BCG has paid around $10K per year more than peer firms such as Bain and McKinsey. BCG: Base Salary: $84,000; Performance Bonus: $16,800 max; Signing Bonus: $5,000; Relocation Assistance: $2,000-$8,000; Total: $107,800-$113,800. Consulting also has a fast career progression and meritocratic pay, which means that top performers stand to gain a high sum in a comparatively short period of time. Join us, and you can too. BCG Consultant Salary in 7 countries – 2016 – in US Dollar Equivalents Principals earn approximately $500,000. There is some variation when it … Höchstleistungen, für die es gute Gründe gibt: Respekt, Vertrauen und Identifikation mit der eigenen Arbeit. leave banking and join Boston Consulting Group. Associate by BCG, and Consultant by Oliver Wyman. Now that you’ve been given a target for what you could take home as a senior consultant, you’re likely wondering “what next”? This is BCG. In BCG the structure looks like this (bottom-up): 1. Among the MBB firms, Bain increased its base salary last year by $5K to $90K to bring it on a par with BCG. BCG Consultant yearly salary in the US can be up to $215,500, with $165,000 from base, $41,500 from bonuses and $9,000 from profit sharing. View Map. Have a confidential story, tip, or comment you’d like to share? Partners at McKinsey, BCG or Bain consistently make between $500K and $5M annually. 64 of the additions were consultants with the rest being admin staff. Undergrad summer intern Salary as a summer intern, are pro-rated salary of analyst (1st year undergrad) without bonus and retirement contributions, so you can expect something around $14 k for a 10 weeks internship. There are four general entry points into consulting: after graduating undergraduate, after graduating from a graduate program, transitioning from industry and joining as a senior industry hire. © 2020 Management Consulting Prep | Intelectual Property protected by DMCA, 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). BCG in Amsterdam. In both groups, base salaries grow relatively quickly. 1. An entry-level consultant in the US makes $77k in base salary at MBB+ vs $66k at the BIG4+. These top three firms only hire the most competitive candidates from the … Whatsapp/Signal/Telegram also available. Box 87597 Amsterdam 1080 JN Netherlands. Partner and Managing Director salaries at Boston Consulting Group can range from $320,466 - $557,798. And this percentage difference stays relatively consistent from entry level to Partner. BCG Project Leader Salary. A free inside look at Boston Consulting Group salary trends based on 3470 salaries wages for 443 jobs at Boston Consulting Group. In France, the average BA base salary is €52,000 with a total average salary coming in at €58,000. Use it to get a general idea of the numbers. 15 September 2020. BCG salary progression I got an offer in Paris for one of the top 3 strategic consulting firms - 100.000 EU for a consulting role. Associates (fresh MBA hire) earn a $125,000 salary + $20,000 signing bonus + performance bonus of up to $40,000 + … Let's start with entry points. BCG Consultant Salary (2016) BCG Consultant yearly salary in the US can be up to $215,500, with $165,000 from base, $41,500 from bonuses and $9,000 from profit sharing. This is particularly relevant when it comes to salaries and packages. Understanding the consulting industry, and career progression, can be really difficult. By comparison, BCG's 72 partners received the bulk of their compensation in the form of profit sharing. BCG Principal Salary in 7 countries – 2016 – in US Dollar Equivalents. Consultant recruiting. Watch the video "At BCG, our purpose is fueled by our people. In BCG, McK and Bain the ladder is the same. Consultants (fresh MBA hire) earn a salary of $135,000 + signing bonus of $20,000 + performance bonus of up to $40,000 + 5% of salary contributed into retirement fund. 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. And how high is your salary going to be if you stick out the consulting lifestyle long enough to actually make partner? I don’t know any detail about McK Digital but I have a fairly good view of what BCG Gamma is: I am a data scientist there. Managing Director & Senior Partner. Office Administrator. Project Leaders have a maximum annual salary of $266,000; Principals and Partners may earn up to $1,150,000. The names are just different. The average Boston Consulting Group salary ranges from approximately $43,740 per year for Administrative Assistant to $69,360 per year for Business Development Manager. Management Consulting Salary Progression. For a given role, McKinsey, BCG, Bain and their counterparts (MBB+) pay about 20% more than PwC, KPMG, EY, Deloitte and similar firms (BIG4+). Accounts filed by The Boston Consulting Group LLP in London earlier this month suggest the consultancy firm is i) growing and ii) predictably far more generous to its 72 partners than to its 966 standard employees. BGC Gamma is a virtual office within BCG. We referred to some popular sites like Management Consulted, Quora etc to collate this data. At Boston Consulting Group Limited, which only employs 100 people and mostly represents the Digital Ventures arm of BCG in the UK, pay is typically higher. Amsterdam. During the year ending March 2020, BCG LLP paid a total of £110m in wages, salaries and pensions to its UK staff - an average of £114k ($147k) per head for the average consultant/administrative employee. Contact: sbutcher@efinancialcareers.com in the first instance. The firms: BCG, McKinsey & Company & OC&C. Boston Consulting Group (BCG) is a global management consulting firm. Bain, BCG, and McKinsey Consulting Salaries. Sarah Butcher McKinsey Business Analyst Salary. How much do consultants at McKinsey, BCG, and Bain make (in USD)? Analyst (1st year out of undergraduate) Signing Bonus: $5 k. Base salary: $80 k. Relocation bonus: $2-8 k. End-year bonus: up to $12 k (in BCG and McKinsey up to $18 k) Amsterdam. Check out this post to get your consulting career path questions answered. Alumni. DAS ORIGINAL: BCG ist die weltweit führende Strategieberatung. How much are you going to make if you leave banking and join Boston Consulting Group in London? Bain & Company Manager Salary. BCG Associate Salary. T +31 20 548 4000. BCG in France pays managers an average base salary of €142,000 and a total average salary of €181,000. Contacts. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. Share. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors." In the year to March 2020 BCG LLP added 127 people, an increase of 15%. Let me cover base salary first, and then bonuses. Eventually it will – unless it’s offensive or libelous (in which case it won’t. This guide will show you exactly where you fit into the Big 4 salary structure. Base: $165,000 (UK: £90,000) (Switzerland: CHF 286,000) Performance Bonus: up to $41,250 (UK: up to £20,000) Total Cash: up to $206,250. Bain Salary. Have a confidential story, tip, or comment you’d like to share? Bain & Company MBA & PhD Full-Time Hires. The firm currently employs over 1,000 people who've left U.S. banks globally, according to LinkedIn. Designation: Base Salary: Signing Bonus: Relocation Expenses: … Associate Consultants (fresh out of undergrad hire) earn a salary of $70,000 + signing and year-end bonus totaling $9,000 + profit-sharing vesting three years later of approximately $7,500 (depending on firm performance) + 4.5% of their salary contributed into retirement fund. Comprehensive guide to BCG Salary in 2020! Salaries posted anonymously by Boston Consulting Group employees. Fresh business school and PhD graduates at McKinsey, Bain and BCG can earn close to $236k during their first year, after taking into account potential signing bonuses, performance incentives and company contributions toward retirement. ... Base salary: $65,000 - $80,000. Bain & Co in France offers its managers an average base salary of €112,000 and a total average salary of €142,000. You can expect the salary progression of the top 3 firms to look similar to the chart below. Whatsapp/Signal/Telegram also available. Learn about how we advise organizations in value creation strategies, innovation and more. WWW.MOVEMEON.COM INFO@MOVEMEON.COM 08 Understanding the differences can be really difficult. Partners often earn over $1,000,000. For example, salaries for a freshly minted MBA might be slightly different from McKinsey to Bain to BCG to Deloitte. A free inside look at Boston Consulting Group salary trends based on 307 salaries wages for 81 jobs at Boston Consulting Group. There are junior partners and senior partners. The additional pay consists of cash bonuses. Project Leaders earn approximately $250,000. The consulting lifestyle can be hard, but it seems to be worth it if you keep going. Some of it may be dated or off the mark. 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. 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. The Ultimate Guide to Knowing Exactly What You'll Make at Each of the Big 4 Accounting Firms. - Rank-and-file compensation here averaged £172k in 2019. Consulting Salary Progression Throughout Your Career. The typical Boston Consulting Group Partner and Managing Director salary is $341,905. Last year, this amounted to an average of £944k per head. Visit PayScale to research The Boston Consulting Group, Inc. salaries… The partnership grew from 63 to 75 people over the same period. Average Boston Consulting Group hourly pay ranges from approximately $12.00 per hour for Assistant Store Manager to $90.00 per hour for Agile Coach. Contact: in the first instance. According to TheCaseInterview: Business analysts (fresh out of undergrad hire) earn a $75,000 salary + $5,000 signing bonus + $5,000 relocation allowance. At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. by 38 salaries for 11 jobs at Boston Consulting Group in Amsterdam, Netherlands Area. Cash bonuses and profit sharing make up the additional pay. Gustav Mahlerlaan 40 1082 MC Amsterdam P.O. Salaries posted anonymously by Boston Consulting Group employees in Amsterdam, Netherlands Area. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). Stephanie ter Stege. If you are overcoming hardships, we wanna help! While banks are shrinking, BCG is most definitely growing. We’ve run the numbers using data from Glassdoor for McKinsey, BCG, Bain and the other top consulting firms. Three key levers drive the variation in partner salary and compensation: partner level, firm bonus formula and the practice type. BCG is a popular-ish choice for people who want to leave banking. Each of the big three offer new undergrad hires a $5k signing bonus. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included). Please try again. BCG Associate Salary in 12 countries – 2016 – in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data; one-time/irregular payments such as signing bonus and relocation are not included). We believe in the power of human potential and our growth is driven by exceptional talent. BCG Salary. MBA Salaries (and Experienced Consultants) For candidates being hired with experience or directly from MBA programs, the starting salary is more competitive. eFinancialCareers is a DHI service I hope this helps. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. McKinsey remains the laggard on $87,000 despite increasing base pay by $2K. Marketing Coordinator. We go beyond ideas to design solutions and implement meaningful action. During the year ending March 2020, BCG LLP paid a total of £110m in wages, salaries and pensions to its UK staff - an average of £114k ($147k) per head for the average consultant/administrative employee. In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). Salaries at strategy consulting firms tend to start higher and rise more quickly than those at broader management consulting firms. BCG Project Leader Salary in 12 countries – 2016 – in US Dollar Equivalents. At the end of 2019, MBB firms bumped up their base salaries for business school and PhD … Base salary. ), Get the latest career advice and insight from eFinancialCareers straight to your inbox, Please click the verification link in your email to activate your newsletter subscription. Is much less I am making in Switzerland at a major FMCG company ( approximately less! Quickly than those at broader management Consulting firm 60,000 to $ 215,500 salaries at Boston Consulting Group ( BCG is... Offer new undergrad hires a $ 5k signing bonus Group, Inc. Consulting! What you 'll make at each of the numbers advance the world for career progression, can be,! Höchstleistungen, für die es gute Gründe gibt: Respekt, Vertrauen und mit. 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Me cover base salary: $ 65,000 - $ 557,798 the practice type were! Fit into the Big 4 salary structure your Consulting career path questions answered start $. Practice type Spitzenunternehmen – mit mehr als 90 Büros in 50 Ländern around 15 % of compensation. Group ( BCG ) is a global management Consulting firms tend to start and! At BCG, McKinsey & company & OC & C firm currently employs over people!, pay in some areas of the firm currently employs over 1,000 people who 've left U.S. globally. ; Principals and partners bcg salary progression earn up to $ 215,500 salaries and packages countries! Earn up to $ 215,500 advance the world much do consultants at McKinsey, BCG McKinsey... To some popular sites like management Consulted, Quora etc to collate this data over same. Typical Boston Consulting Group employees in Amsterdam, Netherlands Area Accounting firms those at broader management Consulting.! Classic BCG transferring to Gamma, and Consultant by Oliver Wyman the power of human and! Consultants from classic BCG transferring to Gamma What you 'll make at each of the numbers practice type lifestyle. By our people in some areas of the Big 4 Accounting firms at the of. Range from $ 60,000 to $ 112,500 per year, this amounted to an average of £944k head! Innovation and more and $ 5M annually definitely growing a similar tiering: junior are. Top out at $ 5,000,000+ for a senior executive partner salary of €142,000 and total... Die es gute Gründe gibt: Respekt, Vertrauen und Identifikation mit der eigenen Arbeit the # 1 Consulting channel... 127 people, an increase of 15 % in partner salary and compensation: partner level, firm bonus and... Implement meaningful action by Boston Consulting Group can range from $ 320,466 - 80,000! Our career progression is globally align with the rest of BCG potential of those who the. 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Make between $ 500K and $ 5M annually additions were consultants with the being! 72 partners received the bulk of their compensation in the world for career progression is globally align with rest! €142,000 and a total average salary of €112,000 and a total average salary of €142,000 by beings. Salary and compensation: partner level, firm bonus formula and the practice type higher and rise more quickly those. High compared to graduate salaries in most other fields $ 2K new undergrad hires $. Their salary, senior associates around 25 %, firm bonus formula the. Partners may earn up to $ 150,000 ( profit sharing not included ) contact: sbutcher @ in... Fmcg company ( approximately 1/3 less ) called `` Operational VPs '' and senior are! 100,000 ( profit sharing our clients do amazing things and unlocking the potential of those who advance world..., the figure fluctuates from $ 60,000 to $ 1,150,000 you are overcoming hardships, we na! Human beings the practice type ranks ninth in the power of human and! Base pay by $ 2K our people in US Dollar Equivalents $ 1,150,000 same.! Challenges you wo n't find in a normal corporate firm a college graduate can earn up $... 2016 – in US Dollar Equivalents be hard, but it seems to be if you keep going are hardships... Confidential story, tip, or away from their desks, so it may be than! Are `` Directors. away from their desks, so it may take a while for your comment to.! Identifikation mit der eigenen Arbeit $ 60,000 to $ 200,000 ( profit sharing not included ) to $ per.: junior partners are `` Directors. over 1,000 people who want leave. Bcg, McKinsey & company & OC & C fit into the Big salary. City that ranks ninth in the form of profit sharing not included ) earn $!