Who pays more BCG or McKinsey?

MBA/PhD hires

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 BCG better than McKinsey?

BCG has a more analytical focus, McKinsey is more focused on structure and story. At both firms, I felt that that the quality of the work was incredibly high. However, there is a dramatic difference in what people focus on in the day to day work.

Does McKinsey pay more than Bain?

Bain and Boston both offer a basic of $90,000, above McKinsey which pays a starting salary of $87,000. Then there's a $5,000 signing bonus. The Big Three pay varying performance bonuses for undergraduates – Bain offers up to $22,500 or 25% of base, while for Boston it's $18,000 and it's $15,000 for McKinsey.

Will BCG overtake McKinsey?

BCG will overtake McKinsey overall size (employees) within 3 years.

Do McKinsey consultants make a lot of money?

McKinsey Consultant Salary & Bonuses

McKinsey consultant salary prospects are particularly strong for MBA graduates, who can expect a base salary of $175,000. Master's graduate salaries at McKinsey aren't quite as strong, but still come in at an impressive $100,000. Compensation doesn't end at salary.

Comparing BCG vs. McKinsey

Why BCG is the best?

BCG's investment in its people, high-impact client work, collaborative culture, career flexibility and mobility, extensive learning and development, world-class benefits, and commitment to social-impact work have all contributed to the firm's consistently strong performance on the list.

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.

Does BCG pay more than McKinsey in India?

The combined India revenue of McKinsey's two consulting entities stands at Rs 2,926 crore ($398.8 million) for the year ended March 2020. This is 25.8% higher than BCG's India revenue for the same period. The Ken has reached out to BCG for clarification about its claim of beating McKinsey in India.

Is BCG or Bain better?

In head to head recruiting, Bain often beats out BCG because of culture but loses to McKinsey based on prestige or brand-name. In terms of staffing, you'll find that Bain is more analyst heavy than both McKinsey and BCG. On a standard McKinsey or BCG team, there may be only 1 analyst.

What is BCG best at?

Networking, recruiting, and market research company Ivy Exec ranked BCG number one on its list of the best large consulting companies to work for. The rankings are based on employee feedback about work, culture, compensation, leadership, and prestige. This was the second year in a row BCG landed the top spot.

Did BCG increase salary?

Bain, BCG, McKinsey MBA consultant salaries on the up

In 2022, MBA consulting salaries at the MBB firms start at $175,000, up from $165,000 in the previous two years. Performance bonuses have also increased: Bain pays bonuses up to $41,250 and BCG pays up to $43,750.

Which Big 4 consulting firm pays the most?

Advisory giant Accenture consistently pays consultants the highest starting salary compared to the big four consulting firms, with PwC and Deloitte vying for second place at different experience levels.

Will McKinsey pay for my MBA?

One more perk: McKinsey pays 50% of MBA tuition for returning interns according to Management Consulted. That's not to say you won't find inventive recruiting strategies outside the MBB. Deloitte's Strategy & Operations practice reimburses second year MBA tuition for returning interns – as does ZS Associates.

Is BCG better than Deloitte?

Deloitte scored higher in 3 areas: Work-life balance, Culture & Values and % Recommend to a friend. Boston Consulting Group scored higher in 4 areas: Overall Rating, Compensation & Benefits, CEO Approval and Positive Business Outlook. Both tied in 2 areas: Career Opportunities and Senior Management.

How much does a BCG partner 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.

What do BCG consultants make?

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.

Does Bain pay more than BCG?

Bain or BCG: Compensation

In fact, the difference in total compensation between BCG and Bain is less than $10,000. The main difference comes from your potential performance bonus. At BCG, you can earn up to $45,000 in bonuses while at Bain you max out at $41,000.

Should I choose McKinsey or Bain?

I would say that Bain is a better choice since it is a much "younger" company in terms of attitude and culture. In terms of your actual projects, McKinsey does way more operational work than they would care to admit. All three are essentially the same in hours and travel (days/week).

Is McKinsey better than Big 4?

McKinsey's education and technology practices are much stronger than those of BCG or Bain. But in private equity, Bain offers more. MBB have strong resources and expertise in specific areas, and candidates with different backgrounds usually have a better chance at one of them over the other consulting firms.

Why so many people leave McKinsey?

Some of the reasons that are making consultants quit McKinsey, a place which they have often worked hard to get at, are the highpressure deadline-driven work, constant traveling, inability to maintain a work-life balance, wanting to run a business than advise, and a strict up and out policy for consultants who can't ...

Which consulting company pays the most?

And this year's winner, providing MBA graduates with the highest salary in consulting is AlixPartners, a global business advisory firm that offers services in corporate performance, corporate turnarounds, litigation consulting and forensic accounting.

Is BCG competitive?

Boston Consulting Group Ranks 1st in Overall Culture Score

383 Employees rate Boston Consulting Group's Overall Culture a 87/100, which ranks it 1st against its competitors. Overall Culture scores are aggregated from all of the questions employees at a company answer on Comparably.

Is BCG interview hard?

One of the biggest challenges of interviewing with BCG is solving cases that you've never seen before. Each case can be difficult, and you'll have to perform well across multiple case interviews in order to get an offer. As a result, it's critical for you to have a consistent approach for solving cases.

How much does a McKinsey consultant make?

At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.