McKinsey Engagement Manager & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 60+ candidates secure MBB offers
Book a coaching

BCG Consultant - Sign-in bonus

Someone asked on Sep 19, 2018 - 6 answers

I would like to know if there is any possibility of having a sign-in bonus for a consultant position at BCG (preparing my last round with Munich office).

  • Is it negotiable?
  • How much should I ask for?
  • Upvotes
  • Date ascending
  • Date descending
Sidi replied on Sep 20, 2018
McKinsey Engagement Manager & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 60+ candidates secure MBB offers

Sign-on bonuses are NOT the norm in Germany and are mostly reserved to experienced professionals. At least that is how it was a couple of years ago (I have not heard that this has changed though!). What you get with BCG is usually a lump-sum payment to cover moving expenses, but it is not comparable to a real sign-on bonus. Post MBA entry positions are still standard entry positions for MBB in Germany, and the offer will be similar to PhD degree holders (who are the majority in Germany compared to MBAs and who do not have tuition to repay).

That being said, there might be excpetions for on-campus recruiting from the worlds top MBA schools (HBS etc.) - but this is pure speculation.

Cheers, Sidi

Wouter replied on Sep 19, 2018
Ex-BCG and top-tier MBA with 7+ years in CPG industry experience. The full package for experienced or post-MBA hires!

In my experience this depends on the entry-level you're targeting. I can tell as a post-MBA hire, there is a sign-on bonus, but it's actually done in a way that it lowers your tuition (so you don't get the cash). It was all very standard, and not negotiable. In general, at the more junior levels of MBB consulting, the rules are not very extendable, so there is little room for negotiation. This was my experience in Paris and London anyway. You can check the temperature, but don't push too hard for it, because in the broader scheme of things, a sign-on bonus doesn't represent all that much (and it can reflect poorly on you if you insist too much).

Good luck!

W*

Alessandro
Expert
replied on Sep 20, 2018
Bain & Company | University of Cambridge | CV/Resume writing | 770 GMAT

I asked around and actually, I think Sidi is right - sign-on bonuses are not the norm for post-MBA hires in Germany. I had previously assumed that, given Germany is one of the most mature consulting markets in the world, this would be the same as in the US or the UK. I have also heard that a sign-on bonus can be negotiated, but mainly for experienced hires.

Hope this can help clear up your questions!

Vlad replied on Sep 19, 2018
McKinsey / Accenture / Got all BIG3 offers / More than 300 real MBB cases / Harvard Business School

Hi,

  1. It's negotiable, however, the gap is not big. It's negotiable mainly when you are an experienced hire. I heard about the successful negotiations of the post-MBA bonuses. However, in all cases, the difference was 5-10K usd
  2. Don't ask. Wait for what they propose and ask if they can increase it. However you should have to present the valid reasons for an increase.

Best

Alessandro
Expert
replied on Sep 19, 2018
Bain & Company | University of Cambridge | CV/Resume writing | 770 GMAT

To answer your questions simply:

- There will definitely be a (quite significant) signing bonus, but as Wouter says this might be paid out directly to your business school to reimburse tuition

- It is non-negotiable (everyone receives the same exact salary and bonus)

Someone replied on Sep 19, 2018

Congrats on getting to the second round! Do you have any tips? I'll be applying to firms in a month or so and BCG is my top choice...what has the timeline been for your application process? Any advice/tips would be much appreciated!!
And I was wondering about this too--I'm in grad school know and can only work part-time so it'll be financially difficult to move to a new city/get set up/etc. unless I could get a signing bonus or moving-sum. I know this is the norm in the US, but I haven't found any information for signing bonuses in Germany and have been wondering if it's even a thing here!

Related BootCamp article(s)

Interviewer-Led vs Candidate-Led cases

Case Interviews can be led by the candidate or by the interviewer: In Candidate-led cases the main challenge is the structure. In Interviewer-led cases the main challenge is to adapt quickly

0 Comment(s)

Related case(s)

BCG Questions

Solved 19.6k times
4.5 5 173
| Rating: (4.5 / 5.0) |
Difficulty: Intermediate | Style: Fit interview | Topics: Personal fit

What arouses your interest when you are working / studying / doing another activity (from the CV)? Tell me of a time where you had no idea what you were doing. When did you use an uncommon approach to do something? Have you ever had responsibility for other people? Tell me of a situation where y ... Open whole case