BCG Consultant Salary Decoded: How Much Do They Earn?
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- čas přidán 13. 07. 2024
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#ManagementConsulting #BCG #consultant #Salary
When software engineers and product managers make similar or more money without any of the pretense and far lower stress. No wonder so many consultants are moving to Product Mgmt.
Money kamana hain toh business mein jao ya fir private equity politics mein jao ya fir ias politician ban jao kamai tabodtod hain ye sab toh baccha Hain inme se sirf ek mba ke sath shayad ceo ban jayega😂😂judge bhi ban sakte ho
@@Brodragon2225 bhai haram ki kamai or mehnat ki kamai m antar hota h
Ye paisa life m prosperity laayega or wo dukh dard
@@Brodragon2225bilkul sahi kaha bhai
@Brodragon2225 🍌
@@Brodragon2225bhai 2 no. Ka paisa nhi chahiye....
Want to build a career in Management Consulting?
Check out our Certificate Course in Management Consulting - bit.ly/3BB1DNn
Fact check- Partners are not equity holders at BCG unlike McKinsey. Consultants becomes equity holder at BCG only after they reach MDP (managing director and partner designation)
The specifics of structures may vary between consulting firms, it's always best to refer to official information for the most accurate and up-to-date details.
Thanks for watching the video, We hope you found it useful.
2:57 is pure gold
First time visiter on your channel sire, great informative content with proper sarcasm blend.
One of the best informative videos by INSIDE IIM .... perfect combination of knowledge and entertainment 🤣🤣.... want more such videos ahead in future.
More to come!
Very nice, keep it up!
Thanks a lot for watching.
What kind of job roles we can expect after pursuing your certificate course.
Will business analyst, business development analyst will also be in the radar. As I'm very average kind of student my whole life, will there be chances that these big consulting giants gonna hire me as they wants candidates to have very good academic profile before.
Save your time, salary reveal at 6:28 . Thank me later
Thank you so much
But you miss the partner meme by skipping
BCG gives close to 300000/- $ gross to an MBA for 1st year in USA.
Great video. Just one small clarification - At BCG, the Partner is not an Equity partner. The MDP is an Equity partner at BCG which comes 2-3 years after you make Partner.
Thank you for watching the video and for your clarification regarding the role of partners at BCG.
Your clarification helps to ensure a better understanding of the hierarchy and roles within BCG.
Nicely explained bhaiya!!
Thanks for watching!
That Partner Meme🤣😂😂
😂
😂
It hit hard 😂
what is the generally the base of an associate , hired at the undergraduate level ? and what are the ways someone can break into consultancy right from UG.
AltUni might be the perfect launchpad for you,
Want to build a career in Management Consulting?
Check out our Certificate Course in Management Consulting - bit.ly/3P4uK34
@@InsideIIMKonversations its course certufucate same like udemy or what because mist the people not only want a platform for upskilling but also they need in terms of placement.
At AltUni, you do not just get the best content but also the placement opportunity, the network and some kickass LIVE projects.
Improve your profile & apply learnings on a real-life Consulting project with the global partner of Microsoft - Voiceback Analytics.
It is one-of-a-kind approach to building your dream career in Consulting
So the stock guy at @0:29 didn't even eat 😂😂
Who should do this course of management consulting?!
Anyone who wants to build a successful Management Consulting career from scratch,
Check out our Certificate Course in Management Consulting - bit.ly/3P4uK34
Start your Consulting journey with expert guidance on frameworks, concepts, and case studies, and position yourself for a top Consulting offer.
One should choose a career based on ones passion and not money alone.
Btw Before u judge me I earn 6 fig salary.
We agree money is not the sole factor one should consider before choosing a career option. Do you think work-life balance should also be considered?
@@InsideIIMKonversations No. For me work life balance is not important. If one wants to excel then work is life. But still one can spend quality time with their near and dear ones
Bro he is from jamshedpur and studied from Gulmohur high school. He was my senior😮
That's Interesting!
We hope you liked this video.
BCG salaries from PL level is 50:50 . As u said 60 lakhs its 30 lakhs fixed rest is all based on Performace at Individual BU and the Firm where std payrate is 50% which comes to 45 lakhs . Then Comes Principals and Directors they also have similar structure 80 lakhs 40 lpa fixed and 50% assured bonus in case u perforrm average .
No it is not like that, PL doesn't get less than 60 L fixed
Really a great video but just a question, what about the students who don't come from top tiers Institutes, tier 2 tier 3 cities with gov college bachelor degree, is there any way for them?
Yes after 3-4years of experience/expertise in a certain field they can join
Absolutely! Students from non-top tier institutes and tier 2/tier 3 cities with government college bachelor degrees can still create a career in consulting, Now, gain 60+ years of Consulting experience in just 3 months! Check out Certification In Management Consulting by AltUni: bit.ly/3P4uK34
@@nidhisuvarna9373 but how do you get an interview other than referrals as they hire from the top Institutes?
Pretty sure the journey for people like us isn't easy.
@@InsideIIMKonversationsThe link is broken 😬
@@piyushbansal5476 Try now!
Pleased make one on investment banking such as Goldman Sachs or JP Morgan
Get to know more here- How Much Do Investment Bankers Earn At Goldman Sachs?: czcams.com/video/uCIIpjjWuHE/video.html
I’m half way into this video: Please don’t believe everything this video has to say; This video shows one side of the story, I’ve seen actual consultants and those people are never happy, always on the move away from family and restless, the paycheck are fat in exchange to the mental currency which is directly proportional
I am not from IIM , doing masters at Tezpur University, do I have chance?
No, because mostly BCG hires from fixed Bschool campuses that are usually top 10 institutes of India
Shweta Arora also told this story it's like a john wick fairy tale
What is the use of a big pay check when you cannot even have your meal peacefully
Overall well-being should be a priority throughout the career!
How much do MD and partner makes?
We have mentioned all the salaries in the video,
if you want to gain more insight into Consulting career you can watch more such consulting videos here: czcams.com/play/PLMYr1HHzGSR1JIhDKWebzqTKNOa03NbqA.html
So senior associate earns less than intern. Absurd
Cause internship stipends are not included in taxable income but when you join with a full time offer as a senior associate you will have to pay your taxes.. this is the same for every industry..
It would be highly unusual for a senior associate to earn less than an intern at any reputable consulting firm. The Intern salary mentioned in the video is for the period of 2-3 months.
We hope that clears your doubt.
Nobody will tell you that 40% will be deducted before u see ur salary
Could you please provide us with more details about the specific breakdown of these deductions?
An IAS officer does not have to frantically wait at the airport gate. It's from my personal Experience where I've saw CEO's of big giants waiting but a District Collector manages to arrange a VIP arrangement at the airport when he is on travel.
Whatever helps u sleep
He don't get lakhs.....right...😂
@@abhirama2580 Go to sleep kid, wake up when you know the actual reality 😄
@@aryanmandal4109 I too prepared upsc for 4 years....I too know the brutal reality of Ias officer....I don't want to demean any position...... don't wanna argue...Have a happy day ❤️
Bhosdike DM king hota hain isiliye waha mein saare controll uske hain tum kaise ek corporate job ko ias ke sath compare kar rahe ho they are corrupt like hell some become politician also but if you want to live happy life with 200 cr net worth then become private equity star partner
Stop romanticising "BCG Consultants"
At the end of day,
It's a Job with defined pay, it's a naukri, it's a Corporate Slave!!!
It is true that consulting can be demanding and require a high level of commitment, but it may not be fair to label all consultants as "corporate slaves". It's crucial to recognize that consulting offers many valuable opportunities and benefits.
Moreover, with all that cash, everything seems beautiful! 😁
@@InsideIIMKonversations summary,
In consulting, there is money, work, opportunity, every corporate jargon in the world...
But where's life?????
@@varshavora9935 😂
Comeon Varsha stop being a Bihari
@@InsideIIMKonversations go and revalidate BCG bobus oertange from PL above . Its 50 50 . In the variable 50 if u perform average u get only 50% of 50% bonus
Mostly Making rich people more richer is what consultants do(eg: finance consulting). If you want to seriously make a difference in the world then make poor people rich. Because rich people already have a lot of options to get more richer. Technical consulting is where the lack of manpower and skilled workforce is filled with external consultants. So that point i agree.
Hey, We believe consulting industry has a multifaceted impact beyond solely benefiting the wealthy. Consultants contribute to economic growth, engage in socially responsible projects, and work with non-profit organizations as well.
@@InsideIIMKonversations Then why dont indians work for indian companies instead of working for JP Morgan, UBS, and american imperialist companies who only outsource there work to india and asia because they can hire for cheap. The salary of a consultant working from india and that of working from New York or Singapore there is a huge difference. Also Indians have inferiority complex as mentioned by famous writer Rajeev Malhotra in his Jaipur Dialogues and other talk shows. You love to work for western companies but frown when trying to open a startup or business with your own brothers and sisters in india. You cannot deny the fact that indians glorify working for western companies as if they are still living under the British Raj. There is a problem there which is ignored by the masses. Would love to see Rajiv Malhotra in one your videos someday.
@@WolfManThoughts Because India is not conducive to startup or business environments. Hell lot of taxes, bribes, bureaucracy and red tape
@@WolfManThoughts agreed but Indian companies need to reach that level first not in terms of salaries but more importantly in terms of work culture and work life balance . Only then will the talented ones find it appealing to work for them.
Yup, first make report why they need to invest more on hiring employees so they save taxes.
Then they need to make report on firing employees in the name is inflation, even if they have lot of money.
Their job is to justify these politics by making reports and presentations.
I can understand the intent behind this video but it is videos like this that foster a culture of chasing money without giving any regard to happiness, peace, health and fulfilment. Dislike!
Meanwhile SDEs making 1cr laughing in the corner 😂
Indeed, software engineers in certain positions can earn significant salaries, including the one you mentioned. Consulting, on the other hand, offers its own unique value proposition by providing strategic advice, problem-solving, and specialized expertise to businesses
Can you tell me who makes 1cr I am new to Industry
23 year old consultants advising 40 years experienced business owners. Amazing business model😂
In the business world, it is not uncommon for individuals with varying levels of experience to collaborate. While experience can certainly bring valuable insights, younger consultants often bring fresh perspectives, emerging trends, and innovative ideas that can be beneficial to businesses.
Fancy name for those who steal taxes. Can hawala agent Ghafoor bhai be called a consultant?
Consultants play an important role in every industry, offering specialized expertise to help businesses improve their operations and make informed decisions. They work within legal boundaries and are not involved in tax theft. It's always beneficial to have open discussions to understand different viewpoints. Thanks for watching the video.
What an attempt to romanticize corporate 😂
Just an attempt to present the truth to your audience,
We hope you liked it.
Ignore this Chanel. This guy has notno idea of what consulting is. Video is full of factual errors. They are just trying to sell their courses and programs.