How much does a principal in BCG earn?
The typical principal salary (six-to-eight years out of an MBA) is between $350,000 and $420,000 with a bonus of $350,000 to $550,000. A director (or senior partner), a position usually held by those over 10 years out of an MBA, can earn a whopping $450,000-to-$650,000 per year, with bonuses of over $500,000.
Is a principal at BCG a partner?
The principal level in BCG used to be 4 years, but now that 4-year has been broken down to 2 tiers. The first 2 years still under the title of “principal”, the 3rd and 4th year though, would be under the title of “partner”.
How long does it take to make principal at BCG?
The implication, then, is that it takes anything from nine to 13 years to make partner at BCG. Based on our small sample from last year, some women may be promoted more quickly. By comparison, our research previously suggests 13 years is the average amount of time taken to become a managing director at Goldman Sachs.
What does a BCG principal do?
Principals provide the project management oversight required to meet client expectations. Responsibilities may include the development of presentations, managing of external relationships and consultant work progress, providing status reports, and overseeing budgets.
How do you become a principal at BCG?
What You’ll Bring (Experience & Qualifications)
- Demonstrated expertise aligned with one of BCG’s practice areas.
- 3 to 5+ years of post-graduate school consulting experience, with 1+ years at a team lead level.
- Track record of collaboration with senior executives.
- Strong management and communication skills.
What comes after Principal consultant?
The Consulting career path
- Step 1: Analyst. Joining a consulting firm as an analyst is the typical entry point following graduation from university.
- Step 2: Associate/Consultant.
- Step 3: Senior Associate/Senior Consultant.
- Step 4: Principal/Senior Manager.
- Step 5: Director.
Is principal consultant higher than senior consultant?
The difference between a principal consultant and a senior consultant is in the scope of responsibility and oversight. A senior consultant manages analysts and junior consultants, while a principal consultant oversees large teams delivering an entire project.
Is principal consultant higher than manager?
Yes, a principal consultant is higher than a manager. A manager has a broad knowledge of processes and strategy. The manager organizes and directs collaborative project efforts. A principal consultant leads and manages a project, plus is responsible for the entire delivery.
What is higher than Principal consultant?
and some environmental consulting fields the term associate consultant is used differently and is typically a higher grade than principal consultant.