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
Known Severance Benefits
- β3-6 months severance (consultants)
- βAlumni network access
- βOutplacement services
- βHealth benefits continuation
Boston Consulting Group (BCG) Recent Layoff History
| Date | Employees | Details |
|---|---|---|
| 2023 | 500 | Non-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:
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).
How Boston Consulting Group (BCG) Compares to Consulting & Professional Services Average
Other Consulting & Professional Services Companies
| Company | Formula | Rating |
|---|---|---|
| McKinsey & Company | 3-12 months depending on level (Associates to Partners) | Generous |
| Bain & Company | 3-6 months with strong alumni support | Generous |
| Deloitte | 2 weeks per year of service (typical Big Four) | Standard |
| Accenture | Based on local labor law + additional company severance | Standard |
See full Consulting & Professional Services severance guide β
Negotiating Your Boston Consulting Group (BCG) Severance
Strategies specific to Boston Consulting Group (BCG) employees:
- βBCG values alumni relationships β negotiate for continued BCG Henderson Institute access
- βPush for a positive alumni status rather than terminated status
- βAsk for career coaching with BCG's preferred executive coaches
- βNegotiate for extended health coverage
Think Your Severance Is Too Low?
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Boston Consulting Group (BCG) Severance FAQ
How much severance does Boston Consulting Group (BCG) pay?βΌ
Boston Consulting Group (BCG) typically offers 3-6 months for consultants; more for senior staff. Their severance reputation is rated as βGenerousβ compared to consulting & professional services industry peers. In recent layoffs (2023), non-consulting staff reductions.
Can I negotiate my Boston Consulting Group (BCG) severance?βΌ
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?βΌ
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.
Related Consulting & Professional Services Companies
π Free Severance Negotiation Checklist
The exact steps employment lawyers use to negotiate higher severance. Used by 10,000+ employees.