How much does a BCG consultant earn?
Total compensation for BCG’s new hires has grown year on year, according to ManagementConsulted. This total amount includes salary, performance bonus, and signing bonus. In 2019, master’s-level hires could expect a total compensation package of $111,000, which rose to $113,000 in 2021, before reaching $130,000 in 2022.
Does BCG pay more than McKinsey?
For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running.
Is it worth working for BCG?
BCG is a great company and has excellent benefits and culture. But if you’re not a consultant, you’ll be underpaid and advancements takes a while. Better to come in as a manager to get a high salary or boomerang if still would like to work at BCG.
What is the hierarchy at BCG?
Within the BCG consulting path, the hierarchy includes such roles as (in ascending order) associate, consultant, project leader, principal, partner, and finally managing director. As employees ascend the hierarchy, they take on more responsibility overseeing project operations and client communications.
Is it hard to get a job at BCG?
Management consulting firms such as McKinsey, BCG and Bain are notoriously difficult to get into. McKinsey receives ~200,000 applications every year and ends up hiring about ~2,000 new consultants. That corresponds to 1% success rate.
How much do BCG senior partners make?
BCG Partner Salary The BCG senior partner salary has a base rate of $450,000-650,000 with performance bonuses in excess of $500,000 per year.
How long does it take to become partner at BCG?
Consulting firms typically have 6 roles from entry-level to partner. Moving from one position to the next typically takes 1 to 3 years. So becoming a partner can take 10+ years, depending on your starting level and speed to promotions. As you move up the ladder your role will change.