BCG Salaries & Benefits 2023 by Position & Location

At BCG, the salary for entry-level consultants can earn up to $147,000 annually, while the figure for MBA-level/experienced Associates can be over $200,000. Engagement managers typically earn nearly $300,000, while Partners and Directors can earn up to $1,000,000.

Such high salary 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.

Source: Glassdoor. Figures in this chart represent the highest available data points.

Read more: Salary of Top Consulting Firms 2023

Disclaimer: 

(1) Unless stated otherwise, salaries in this article are based on US figures. The precise numbers vary from place to place, and we will provide additional insights where possible. “Total Annual Salary” includes Base Salary, Performance Bonus, and Others (including Profit Sharings, Stock, Commission), scaled up to one year (for example, if an Intern works for ten weeks, we will scale up the income of ten weeks to one year for presentation purposes). 

(2) One-time sums, such as Relocation or Signing Bonus, are not counted. Business allowance is also not presented here. The figures in this article are rounded to the closest 1000. Actual figures may vary, depending on location, position, experience, performance, and report time. 

(3) Our primary source of information is Glassdoor. However, it's worth noting that Glassdoor is known to be a platform where users can anonymously share their salary and compensation information. As such, it can be difficult to verify the accuracy of the data presented. Furthermore, consulting firms do not openly disclose their salary information. Therefore, the below data should only be used for reference purposes.

BCG Intern-level salary

BCG Intern in the US may earn up to $74,000 annually. Meanwhile, BCG Intern salary in other developed countries fluctuates around $25,000-35,000. BCG Intern salary in developing countries like China and India is roughly $3,000-$8,000.

• Base: $40,000-63,000 (Canada: CA$54,000, China: ¥41,000, Germany: €23,000-33,000, India: ₹300,000-741,000, UK: £28,000)

• Performance Bonus: up to $6,000

• Others: up to $5,000

• Total Annual Salary: up to $74,000

BCG Associate salary (Undergraduate, Junior-level)

BCG Associates in the US may earn up to $147,000 annually. Meanwhile, BCG Associate salary in other developed countries fluctuates around $70,000-100,000. BCG Associate salary in developing countries like China and India is roughly $35,000-$60,000.

• Base: $69,000-105,000 (Canada: CA$96,000-100,000, China: ¥287,000-392,000, Germany: €75,000-80,000, UK: £50,000-56,000)

• Performance Bonus: up to $16,000

• Others: up to $26,000

• Retirement: minimum 5% of annual base and bonus into 401(k), no contribution required (US only)

• Signing Bonus: $5,000

• Relocation: $5,000-8,000

• Total Annual Salary: up to $147,000 (Canada: CA$149,000, China: ¥510,000, Germany: €93,000, India: ₹2,895,000, UK: £64,000)

Source: Glassdoor. Figures in this chart represent the highest available data points in each location.

BCG Consultant salary (MBA/Experienced, Senior-level)

BCG Consultant in the US may earn up to $262,000 annually. Meanwhile, BCG Consultant salary in other developed countries fluctuates around $150,000-190,000. BCG Consultant salary in developing countries like China and India is roughly $70,000-$130,000.

• Base: $114,000-179,000 (Canada: CA$182,000-209,000, Germany: €105,000-117,000)

• Performance Bonus: up to $28,000

• Others: up to $55,000

• Retirement: minimum 5% of base and bonus into 401(k), no contribution required (US only)

• Signing Bonus: $30,000

• Relocation: $5,000-8,000

• Total Annual Salary: up to $262,000 (Canada: CA$249,000, Germany: €196,000, India: ₹6,500,000, UK: £144,000)

Source: Glassdoor. Figures in this chart represent the highest available data points in each location.

BCG Project Leader salary (Manager-level)

BCG Project Leader in the US may earn up to $278,000 annually. Meanwhile, BCG Project Leader salary in other developed countries fluctuates around $210,000-250,000. BCG Project Leader salary in India is roughly $130,000.

• Base: $120,000-179,000 (Canada: CA$240,000-254,000, UK: £138,000-146,000)

• Performance Bonus: up to $37,000

• Others: up to $62,000

• Retirement: minimum 5% of base and bonus into 401(k), no contribution required (US only)

• Total Annual Salary: up to $278,000 (Canada: CA$363,000, Germany: €209,000, India: ₹11,000,000, UK: £191,000) - potential for much more based on individual sales and profit sharing

Source: Glassdoor. Figures in this chart represent the highest available data points in each location.

BCG Principal/Partner salary (Partner-level)

BCG Partners in the US may earn up to $278,000 annually. However, the below data should only be used for reference, as a Partner-level person at BCG in the US will likely make more than $1,000,000 annually. 

• Base: $156,000-315,000

• Performance Bonus: up to $123,000

• Others: up to $304,000

• Total Annual Salary: up to $742,000 - potential for much more based on individual sales and profit sharing

Fringe benefits of BCG consultant

Common fringe benefits at BCG include health insurance, life insurance, tuition assistance, childcare reimbursement, employee discounts, employee stock options, and the privilege of using a company-owned vehicle for personal use. 

The fringe benefits offered by the BCG and its MBB counterparts are generally more comprehensive and generous compared to those offered by other firms in the industry. 

Health Insurance

BCG provides fully comprehensive health insurance plans with a broad range of coverage options, which results in employees paying less for better health services. 

Retirement Benefits 

In the United States, BCG consulting firms provide strong retirement savings 401(k) plans, with no contributions required. BCG has 401(k) plans that match 100% of the employee's contributions up to 6% of a consultant's base and bonus salary. 

Paid Time Off

BCG provides generous vacation and paid time-off policies that can be extended to four months for maternity leaves and around 2-3 weeks for vacation. BCG also has options for sabbaticals and extended leaves for personal or professional development. 

Professional Support

BCG invests heavily in training its consultants, with extensive training programs that outmatch the quality of Big 4 and Tier 2 firms training programs.

Travel and Expense Policies

BCG covers all travel expenses when consultants work onsite at client locations, ensuring its consultants have the most comfortable accommodations available at the site. This is similar to the other two firms of the MBB, and generally better than other firms in the industry. 

Non-Monetary Perks

BCG offers many additional perks, such as subsidized gym memberships, wellness programs, on-site fitness centers, employee assistance programs, etc. The quality and range of services for BCG consultants are generally better than their counterparts at Big 4 and Tier 2 firms. 

Read more: Salary of Top Consulting Firms 2023

What is the BCG acceptance rate? 

BCG 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. 

Below 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: To ace the tests, you need to learn the format, common types, and techniques to nail every question. For the best preparation, try out our BCG Casey Simulation!

• 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 our ultimate guide on BCG Case Interview.