How much do consultants at BCG get paid?
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.
How much do consultants with an MBA make?
McKinsey MBA consultants earn $165,000 in base salary with performance bonuses of up to $35,000. McKinsey also offers 50% off MBA tuition for returning interns. A McKinsey consultant salary for master’s graduates comes in at $90,000 with performance bonuses of up to $30,000.
Does BCG or McKinsey pay more?
BCG boasts a performance bonus of up to $45,000, making it the more lucrative of the two for first year hires. Typically, McKinsey sets the standard for salary, and beats BCG to the punch in increasing salary rates. While responsibilities at each firm are similar for a newly hired MBA, job title varies slightly.
How much do associate consultants make?
Associate Consultant Salaries
| Job Title | Salary |
|---|---|
| Capgemini Associate Consultant salaries – 37 salaries reported | $66,000/yr |
| Servian Associate Consultant salaries – 36 salaries reported | $80,000/yr |
| Bain & Company Associate Consultant salaries – 36 salaries reported | $92,483/yr |
Does BCG pay well?
BCG Consultant Salary & Bonus Incoming MBA hires can expect a lucrative $165,000 per year as a starting salary. Master’s graduates can expect a performance bonus of up to $18,000 and a signing bonus of $5,000. Their MBA peers joining BCG can earn a performance bonus of up to $41,250 and have a signing bonus of $30,000.
Do you need an MBA to work at BCG?
Yes, you need an MBA, law degree, or master’s. But if you start as an associate, you could spend your whole career here — even make partner — without going back to school. But we do value education, which is why we have a graduate school assistance program.
Did BCG increase salary?
Salaries are still very high compared with other industries. The ManagementConsulted report estimates that total compensation for MBA hires at Bain and BCG (combining salary, performance bonuses, and signing bonus) can reach up to $236,000, while McKinsey MBA hires receive $230,000.
Did BCG raise salaries?
In a move sure to cause a ripple effect across the management consulting landscape, BCG has announced it is raising salaries for junior employees. First-year BCG employees at the Associate and Consultant level will see their base salary increase $10,000 in October 2021.
Is working at BCG worth it?
BCG is truly a great place to work IF you can accept the fact that work will consume most of your day during the week. The people are smart and caring, I’ve had plenty of interesting projects and opportunities to learn and grow professionally. Excellent health insurance.
Is it hard to get a job at BCG?
With a success rate of just 1%, getting hired at the Big Three consulting firms does not come easy. First, you need to have an excellent academic record, excellent communication skills and exposure to a wide range of academic and co-curricular activities.
How much does a BCG associate make per year?
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 $90,000 per year as a base rate, with performance bonuses of up to $18,000.
How much does a consultant at Boston Consulting Group make?
One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. An incoming master’s hire can expect a starting base salary of $90,000 at BCG. Incoming MBA hires can expect a lucrative $165,000 per year as a starting salary.
How much does a consultant make after a MBA?
As a result of this, consulting salaries offered to MBAs in 2019-2020 are at record levels. 2-3 years after graduation, when MBAs move into project leader and manager roles, they can expect a base salary of $220,000. At 4-5 years, when MBAs become senior project leaders and associate principals, they can earn up to $ 250,000 – $ 320,000.
What’s the career path for a BCG consultant?
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.