Locations: Boston | London
Who We Are
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.
To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.
What You'll Do
Working closely with BCG’s CFO and global Executive Committee, PSG is the team responsible for designing, developing, and executing world class evaluation, development, compensation and equity programs for our global Managing Directors and Partners (“MDPs”). These matters are of critical importance to both BCG and personally to our over 2,000 MDPs meaning that PSG is a highly visible, integral and trusted advisor in BCG’s global finance function.
The MDPs are the owners of BCG and responsible for driving the business within their markets and practice areas. At BCG we believe that having robust and transparent reward and evaluation arrangements helps incentivize our MDPs to grow and shape our business in a way that not only benefits our clients and people but also helps to fulfil one of BCG’s key purposes of unlocking the potential of those who advance the world.
We work within a fast-paced environment where precision, innovation and transparent communication are key to the firms MDP agenda. PSG play a vital role in both responding to and anticipating challenges in a way that allows us to maintain our position as employer of choice for the most talented and pioneering leaders in the global consulting market.
After an initial period of apprenticeship where you will integrate into BCG and build an understanding of BCG’s Compensation and Equity Framework, you will eventually become a primary contact for MDPs and BCG leadership within the North America region, specifically relating to BCG’s MDP compensation and equity framework. This means you will be the key point-of-contact for MDPs within your markets.
Our MDP Compensation & Equity programs include a variety of bonus plans, deferred compensation and partnership equity components; our Program Directors/Senior Directors are responsible for leading, developing and maintaining these programs in the markets they oversee. The Program Directors will establish a deep country level understanding of the local programs in the context of market norms and legislation and how these programs interact with BCG’s global partnership structure. They will need to adapt quickly to changing environments to ensure these programs remain competitive, have a strong ability to assess risk and suitability both for the local market and within our global framework.
Program Directors/Senior Directors are also responsible for overseeing broader aspects of the MDP career lifecycle, including international mobility, external MDP hiring and departures from the BCG partnership. There are also many opportunities for this group to team both within PSG and the broader firm on highly impactful global projects related to the evolution of the partnership.
YOU’RE GOOD AT
We need an individual who is a technically focused, an excellent communicator and who is comfortable spending a large part of their time interacting directly with senior leaders on highly complex and often sensitive and very personal topics. The role requires the ability to manage difficult issues but often in an empathetic manner.
Thought leadership in understanding all stakeholder perspectives, developing recommendations and strong collaboration, teaming and influencing skills are a must to work within a highly global team. Leadership will be important to build trust and confidence among stakeholders and influence change.
To manage the ongoing operational aspects of the role effectively, this person will need strong coordination and synthesis skills, pragmatism, empathy and sound professional judgment. This individual will also be comfortable with handling detail and complexity while seeing the overall picture.
A successful Program Director/Senior Director must have with an inquisitive nature and be energized by constantly looking to add value in each interaction.
Given the regional focus, a background in US taxation, reward and/or employment law is also desirable, as well as some knowledge of partnerships and equity ownership structures.
BASIC JOB RESPONSIBILITIES:
MDP compensation and equity country program management and development
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Support individual MDPs’ understanding of their local compensation and equity value allocated to them and how this relates to their and BCG’s performance.
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Design and maintain country compensation and equity programs by teaming with functional experts to understand local country and U.S. tax law, partnership concepts, labor laws, and applying BCG global principles for MDPs.
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Understand the overall BCG economic model in depth to analyze different impacts on BCG MDP compensation and equity programs in all countries.
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Develop clear, concise individual MDP and Leadership team communications that address particular issues, options, and resolutions in a proactive, practical, and commercial way.
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Support MDPs with equity purchases and sales explaining the cash and tax implications.
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Oversee the support for MDP transfers, departing MDPs, and MDP lateral hires.
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Partner with external advisors and local teams on managing compliance.
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Work with controllers and global finance functions (accounting, tax, and treasury) to ensure that plans are implemented, maintained, and executed appropriately.
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Conduct regular reviews of local MDP programs for countries of responsibility, understanding risk tolerance and leveraging BCG's tax and legal functions as key partners.
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Jointly identify areas for continued improvement and implement change where required.
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Availability to work in East Coast time zone pattern for most working days.
What You'll Bring
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Professional legal, tax or accounting qualification desirable.
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15+ years relevant work experience.
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Significant experience working with senior teams (e.g., MDP, Managing Directors, CEOs), preferably in a dynamic project-based work environment.
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Strong teamwork and collaboration experience and evidence of building strong and long-term networks with colleagues across all levels in multinational environments.
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Strong understanding of US individual and partnership taxation or employment law.
Who You'll Work With
The Program Director/Senior Director will work closely with our global MDPs, MDPs leading PSG, fellow Program Directors and colleagues with PSG Operations and Evaluation teams, as well as functional experts within Tax, Treasury, and Legal teams).
Additional info
*** For US locations only ***
In the US, we have a compensation transparency approach.
Total compensation for this role includes base salary, annual discretionary performance bonus, retirement contribution, and a market
leading benefits package described below.
The base salary range for this role in Boston is $195,000-$227,500.
This is an estimated range, however, specific base salaries within the range depend on various factors such as experience and skill set.
It is not common for new BCG employees to be hired at the high-end of the salary range. BCG regularly reviews its ranges to ensure
market competitiveness.
In addition to your base salary, your total compensation will include a bonus of up to 45% and a generous retirement contribution that
starts at 10%. Senior Directors are also eligible for a Firm Performance Bonus.
All of our plans provide best in class coverage:
- Zero dollar ($0) health insurance premiums for BCG employees, spouses, and children
- Low $10 (USD) copays for trips to the doctor, urgent care visits and prescriptions for generic drugs
- Dental coverage, including up to $5,000 in orthodontia benefits
- Vision insurance with coverage for both glasses and contact lenses annually
- Reimbursement for gym memberships and other fitness activities
- Fully vested Profit Sharing Retirement Fund contributions made annually, whether you contribute or not, plus the option for
employees to make personal contributions to a 401(k) plan
- Paid Parental Leave and other family benefits such as elective egg freezing, surrogacy, and adoption reimbursement
- Generous paid time off including 12 holidays per year, an annual office closure between Christmas and New Years, and 20 vacation
days per year (earned at 1.66 days per month)
Paid sick time on an as needed basis
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Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
