Generous SeveranceConsulting & Professional ServicesHQ: Massachusetts

Boston Consulting Group (BCG) Severance Package: 2026 Guide

3-6 months for consultants; more for senior staff. Calculate your estimated Boston Consulting Group (BCG) severance below.

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What Boston Consulting Group (BCG) Typically Offers

Standard Formula
3-6 months for consultants; more for senior staff
Avg. Salary
$190,000
Company Size
enterprise
Reputation
Generous

Known Severance Benefits

  • βœ“3-6 months severance (consultants)
  • βœ“Alumni network access
  • βœ“Outplacement services
  • βœ“Health benefits continuation

Boston Consulting Group (BCG) Recent Layoff History

DateEmployeesDetails
2023500Non-consulting staff reductions

Sources: Financial Times, Consultancy.uk

Boston Consulting Group (BCG) Severance Tax (Massachusetts)

Boston Consulting Group (BCG) is headquartered in Massachusetts. Here's how severance is taxed there:

Federal Tax
22.0%
Massachusetts State Tax
9.0%
Total Tax Rate
31.0%

Example: A Boston Consulting Group (BCG) employee with 5 years of service earning $190,000 would receive approximately $54,808 gross ( $37,817 after tax in Massachusetts).

See full Massachusetts severance laws & calculator β†’

How Boston Consulting Group (BCG) Compares to Consulting & Professional Services Average

Consulting & Professional Services Industry Average
2-4 weeks per year
Typical: 3 wk/yr
Boston Consulting Group (BCG)
3-6 months for consultants; more for senior staff
Rated: Generous

Other Consulting & Professional Services Companies

CompanyFormulaRating
McKinsey & Company3-12 months depending on level (Associates to Partners)Generous
Bain & Company3-6 months with strong alumni supportGenerous
Deloitte2 weeks per year of service (typical Big Four)Standard
AccentureBased on local labor law + additional company severanceStandard

See full Consulting & Professional Services severance guide β†’

Negotiating Your Boston Consulting Group (BCG) Severance

Strategies specific to Boston Consulting Group (BCG) employees:

  • βœ“BCG values alumni relationships β€” negotiate for continued BCG Henderson Institute access
  • βœ“Push for a positive alumni status rather than terminated status
  • βœ“Ask for career coaching with BCG's preferred executive coaches
  • βœ“Negotiate for extended health coverage
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Boston Consulting Group (BCG) Severance FAQ

How much severance does Boston Consulting Group (BCG) pay?β–Ό

Boston Consulting Group (BCG) typically offers 3-6 months for consultants; more for senior staff. Their severance reputation is rated as β€œGenerous” compared to consulting & professional services industry peers. In recent layoffs (2023), non-consulting staff reductions.

Can I negotiate my Boston Consulting Group (BCG) severance?β–Ό

Yes, most severance packages at Boston Consulting Group (BCG) are negotiable. An employment lawyer experienced in consulting & professional services can typically negotiate 2-5x the initial offer, especially if there are potential legal claims or WARN Act violations. Many offer free initial consultations.

How is Boston Consulting Group (BCG) severance taxed?β–Ό

Boston Consulting Group (BCG) severance is taxed as supplemental wages at 22% federal flat rate plus 9.0% Massachusetts state tax, for a total of approximately 31.0%. If you work remotely, your state of residence tax rate applies instead.

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