Bcg salary: BCG (Boston Consulting Group) Salary (2020)

BCG (Boston Consulting Group) Salary (2020)

Comprehensive guide to BCG salary in 2020!

Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. 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, let’s find out in this article.

BCG Associate salary

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. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included).

BCG Associate salary (2020)

•Base: $90,000 (UK: £71,000, India: ₹1,600,000)

•Performance Bonus: up to $18,000 (UK: £6,000, ₹300,000)

•Profit Sharing: up to $4,500

•Retirement: Profit-sharing deposited into 401k account

•Signing Bonus: $5,000 (UK: £3,000)

•Relocation: $5,000-8,000

•Total Annual Salary: up to $112,500

BCG Associate salary (2016)

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)

BCG Consultant salary

BCG Consultant salary (2020)

•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)

•Total Annual Salary: up to $215,500

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. In other developed countries, the figure fluctuates from $110,000 to $150,000 (profit sharing not included).

BCG Consultant salary in 7 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)

BCG Project Leader salary

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. In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included).

BCG Project Leader salary (2020)

•Base: $178,000

•Performance Bonus: Up to $60,000

•Profit Sharing: $28,000

•Total Annual Salary: up to $266,000

BCG Project Leader salary (2016)

BCG Project Leader Salary in 12 countries – 2016 – in US Dollar Equivalents

BCG Project Leader 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)

BCG Principal & Partner salary

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.

BCG Principal & Partner salary (2020)

•Base: $600,000-850,000

•Performance Bonus: up to $300,000

•Total Annual Salary: up to $1,150,000

BCG Principal salary (2016)

BCG Principal salary in 7 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)

What is the BCG acceptance rate?

The acceptance rate is less than 1%, making the selection at BCG highly competitive. Each stage of the hiring process needs to be carefully prepared: Online Application ⇒ Potential Tests ⇒ Fit Interview ⇒ Case Interview. Here are some practical guidelines to help increase your chance of getting hired:

•Make your resume look “consulting”: Consulting Resume is a celebration of consulting skill sets and qualifications, which is different from other typical resumes. Therefore, knowing how to write a good Consulting Resume can help you showcase your potential to be a successful consultant to BCG.

•Practice mock tests as much as possible: BCG Potential Test cut-off rate is around 70%, making it a tough challenge for any pre-hire. To ace the tests, you need to learn the format, common types, and techniques to nail every question. For the best preparation, let’s try out our aptitude test package!

•Research for the Fit Interview: BCG Fit Interview aims to check how well you fit into the company’s culture by looking into your skills, motivations, and personality. Thus, it is crucial to research thoroughly on the firm and tailor your answers to the required traits.

•Learn Case Interview Fundamentals: Case Interview has several important concepts: Problem, Root Cause, or MECE. Also, you will need to bear in mind different approaches to a case, such as a framework or an issue tree. Read the full guides here: BCG Case Interview.

BCG Consultant Salary | The Management Consulting Experts

The BCG Consultant Salary is one of the primary reasons to consider applying for a position at the Boston Consulting Group. Sure, you’ll learn a lot at BCG and have a prestigious name attached to your resume. But you will also make a lot of money. Of course, the BCG salary range isn’t just dictated by the company’s innate sense of generosity. Market conditions in the consulting sector and the broader economy dictate the salaries different companies have to offer in order to attract top talent. Luckily for you, the consulting industry has never been stronger.

There has been a wide proliferation of boutique consulting companies in recent years, but this has not hindered the growth of the top three firms: McKinsey, BCG, and Bain. Each of these has seen annual revenue growth in excess of 10% for much of that time period. Further, the explosive growth of the technology and finance sectors has led to an economy-wide competition for top talent. In short, there has never been a more lucrative time to become a consultant. BCG consultant salaries, like the salaries of virtually all competitive consulting firms, will handsomely reward you for your work. In this article, we’ll take you through the compensation you can expect from a variety of different positions at BCG.

BCG Salary

Consultant salaries at BCG and elsewhere have been on an upward trend. This is especially true for employees with MBAs and PhDs. These degrees are roughly equivalent when it comes to consultant salary, as the technology sector drives competition for top talent. The pay for employees with MBAs and PhDs at the top three tech firms climbed to a base salary of ~$190,000 in 2023. In addition to that salary, the BCG consultant salary for MBAs and PhDs includes performance bonuses of up to ~$50,000, retirement contributions of up to $20,312 into 401(k) accounts, a signing bonus of $35,000, and up to $8,000 in relocation help.

For employees with an undergraduate degree or a non-management Master’s degree, the BCG salary rose to $110,000 in 2023. BCG salary also includes performance bonuses of up to ~$30,000, profit sharing contributed to employees’ 401(k)s, a signing bonus of $5,000, and a relocation bonus of up to $8,000.

Like McKinsey and Bain, you can expect a BCG salary to increase by 10-20% every year. Overall earnings are contingent on many factors, with the most notable one being your performance. Consultants are typically promoted (or asked to seek employment elsewhere) every 2-3 years. Next, let’s take a look at a breakdown of BCG salaries by role. Note, these figures pertain to BCG salary in US locations. BCG salary varies from country to country, though most locations within the same country pay the same rate to employees.

BCG Consultant Salary By Role

BCG Associate Salary

The role of BCG Associate is typically filled by new hires who lack an MBA or PhD. Employees with this title earn an average BCG salary of $110,000 per year as a base rate, with performance bonuses of up to $20,000. Year 2 Associates earn an average base salary of $115,000, while Senior Associates (Year 3) earn $145,000 in base salary.

BCG Consultant Salary

At BCG, “Consultant” is the title for new hires who hold an advanced degree (MBA, PhD, JD, MD, etc.). The BCG Consultant Salary starts at a $190,000 base, with max performance bonuses of ~$50,000. Second year Consultants earn an average base salary of $195,000. The big BCG salary bump comes when you hit Project Leader.

BCG Project Leader Salary

The escalation to the project leader/manager role is typically the first promotion BCG employees earn after their first two to three years with the company (post MBA). This base BCG project leader salary is $225,400 with a sharp rise in potential bonuses, which range from $90,000-130,000. Second year BCG project leaders earn $232,200 in base salary.

BCG Associate Principal Salary

The role of associate principal and senior project leader is typically the second promotion for BCG employees post-MBA, occurring after four to five years. BCG salary at this stage includes a base rate of $252,900, with performance bonuses from $120,000-220,000.

BCG Principal Salary

There are two levels of partner at BCG. The first level of junior partner/principal is usually a BCG employee’s third promotion and occurs after six to eight years with the company. This role includes a base salary of $268,400 with performance bonuses of $350,000-550,000. Notice how the more senior you become at BCG, the variable proportion of your compensation makes up most of your take home pay.

BCG Partner Salary

After ten or more years with the company, an employee may rise to the senior partner/director position. The BCG senior partner salary has a base rate of $276,500 with performance bonuses (well) in excess of $500,000 per year.

BCG Gamma Salary

BCG Gamma is a division of BCG focusing on data science and advanced analytics. Consultants here specialize in AI and machine learning. BCG data scientists earn an average salary of $108,000, with top earners paid over $140,000 a year.

BCG Digital Ventures Salary

BCG Digital Ventures is a division of BCG focused on startup incubation and corporate investment. Specific salary information for this division is unavailable, but it’s safe to assume it breaks down according to employee roles consistent with BCG’s normal consulting operations.

BCG Internship Salary

The BCG salary earned by interns is broken down according to the degree held by the intern. Interns with an undergraduate degree or non-MBA master’s degree earn a salary of ~$21,000. Interns with an MBA or a PhD earn a salary of ~$36,500. BCG’s summer internship program runs for 10 weeks.

Resume + Cover Letter Edits

• 30min 1:1 Zoom session with MBB coach of your choice
• 1 Resume and 1 Cover Letter edit
• Digital pass: 24 templates, 5 e-books

Learn More

$500
Add to cart

Black Belt Deluxe

• 8 hours 1:1 Zoom sessions with MBB coach of your choice
• All access pass: 500+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases
• 2 Rounds of Edits each on 1 Resume and 1 Cover Letter

Learn More

$2050
Add to cart

BCG Career Path

Like many other top firms, BCG’s career development path tends to obey an “up-or-out” strategy. This means that, within a regular time frame, employees are typically either offered a promotion or asked to seek employment elsewhere. This amount of time has some variability, but most BCG employees fill a role for two to three years before being promoted or moving on.

BCG Glassdoor Reviews

BCG gets extremely positive reviews overall from past employees, with an average score of 4.3 stars out of 5. Many employees, of course, focus on the material benefits of BCG employment: the high salary, travel opportunities, luxurious office conditions, etc. Many employees are particularly enthusiastic about BCG’s health coverage, which is said to be the best available. One common refrain is the cliché that you can have a baby for only $20 in copays. Beyond those benefits, positive reviews also focus on the culture of innovation and the stimulating challenges associated with working at BCG.

The negative reviews focus on elements of the job that are likely endemic to the consulting industry at large. The most frequently cited con to BCG employment is the difficulty of work-life balance, with especially long hours and extreme demands on employee energy. Some said the work could be stressful, though most negative reviews noted the stress tends to come from problematic clients, as opposed to problems internal to BCG. Finally, some employees lamented an inability to align available promotions and career development opportunities with their personal interests.

BCG UK Salary vs. BCG Salary US

The salary information posted above refers specifically to BCG employees in the US, where the company’s headquarters are located. BCG salary details differ between countries. The base rate for UK employees always tends to lag behind the BCG salary for US employees. The average BCG UK consultant earns a base salary of £93,000, which at the time this article was written translates to roughly $115,000. That’s significantly lower than the average US BCG consultant salary of $165,000. Likewise, performance bonuses for BCG UK employees are typically lower.

Some things that might account for this difference include a more comprehensive array of public services, such as healthcare, available in the UK. In addition, the US market is experiencing a war for talent between Silicon Valley, Wall Street, and consulting. This dynamic isn’t as strong in the UK and other markets.

Many of BCG’s US locations boast a significantly cheaper cost of living than London. This includes Atlanta, Houston, Philadelphia, and other metropolitan areas. However, other BCG US locations, such as New York City and San Francisco, are significantly more expensive to live in than even London.

The takeaway? It pays to be in the US – both from a salary and cost-of-living perspective.

Summary

Overall, the consulting market has been undergoing a number of changes. On the one hand, increased competition within the consulting sector from boutique consulting firms has led to an increase in consultant salaries, at BCG and elsewhere. The rise in competition for top talent has accelerated this development. However, more large companies are setting up their own in-house consulting and analytics operations. This has had the occasional effect of forcing layoffs. Assuming you are able to get hired as a consultant at BCG, you are sure to earn an attractive salary. However, you will need to perform well in order to keep earning that salary, let alone to increase your earning power with time.

Additional Reading:

• Management Consultant Salary Report
• MBA Salaries: How Much Do Consultants With An MBA Make?
• Consulting Resume: Complete Guide

Doctor’s advice. Everything you wanted to know about tuberculosis and vaccinations

Natalia Barmina, chief pediatric phthisiatrician of the Perm Territory, tells

– Natalya Alexandrovna, very often parents want to know what the BCG vaccine is?

– This is a vaccine that contains weakened mycobacteria, after being introduced into the child’s body, they cause immunity to tuberculosis, while not causing harm. The vaccine is given in the first years of life, and this protects the child from getting tuberculosis, and, most importantly, from the most severe, fatal forms of tuberculosis. nine0005

– Is it possible to refuse BCG vaccination?

– In theory, parents have the right to refuse to vaccinate their child with BCG. But when making such a decision, they must remember that no one is insured against tuberculosis, especially an unvaccinated child. And vaccination significantly reduces the risk of infection and tuberculosis. A vaccinated child with good post-vaccination immunity, when meeting with mycobacterium tuberculosis, either does not become infected at all, or carries the infection in a mild form. nine0005

In order to protect the child from the disease in modern conditions, phthisiatricians of the region strongly recommend vaccinating children with the BCG vaccine (BCG-M). According to statistics, unvaccinated and unrevaccinated children are more likely to get TB than those who received the vaccine.

– How can I get a certificate for kindergarten, why is it so difficult to do?

– There is a decree of the chief sanitary doctor No. 60, according to which children who are not examined for tuberculosis are not allowed in preschool institutions. This is the law. The examination can be carried out with the help of the Mantoux test, Diaskintest, X-ray studies, the issue of conducting a modern Quantiferon test is being decided. One way or another, the TB doctor decides on an individual basis. Parents often do not want to “harm” the child and refuse all types of diagnostics. What if he is sick? Well, we cannot risk the health of the surrounding children and we cannot allow such a child to enter the kindergarten. Agree, this is true in relation to the rest, healthy children. nine0005

– They say that Diaskintest is more modern and safe, can this test be done instead of the Mantoux test? Have you heard that there is also a PCR and a Quantiferon test, can they be used for diagnosis?

– By order of the Ministry of Health of the Russian Federation No. 951, children from 1 to 7 years old inclusive are diagnosed using the Mantoux test, and from 8 years to 17 years old inclusive, tuberculosis is diagnosed using Diaskintest.

The blood PCR method can be used as an additional examination method for suspected tuberculosis, as well as to detect the sensitivity of Mycobacterium tuberculosis. This is a more detailed study that requires certain indications. And, most importantly, this study does not provide information about the level of infection, which means that a phthisiatrician will not be able to prevent tuberculosis in a child who has become infected for the first time or has encountered the infection again. nine0005

The quantiferon test in the Perm Territory will be carried out from October 1 by the Labdiagnostika company on a paid basis. Its peculiarity is that the drug is not administered to the child, but, on the contrary, blood is taken from him and further research is carried out in vitro.

Take care of your health!

Materials from the official website of the GBUZ PC “PKD “Phthisiopulmonology” were used: http://tubdisp.medicalperm.ru/.

nine0002

The size of the base unit from 01/01/2020 \ Acts, samples, forms, contracts \ ConsultantPlus

• Main
• Legal resources
• Collections
• Base unit size from 01/01/2020

A selection of the most important documents on request The size of the base unit from 01/01/2020 (legal acts, forms, articles, expert advice and much more).