I get asked about this a lot since I posted my TPM process writeup, so let me just put the PM comp data here too. This is for BCG X specifically, the product/tech arm, not the core consulting career track.
Title: Senior Product Manager. I have 7 years of PM experience, two of which as a lead.
Base offered: $190,000 (Boston)
Target bonus: 20%. In practice people tell me it pays closer to 15-18% on average, with 20% for strong performers. So effective cash is probably $222k-$228k at target.
Equity: $100k over 4 years ($25k/yr), 1-year cliff.
I tried to negotiate equity up. They moved it from $80k to $100k after I pointed to a competing offer. The base was treated as fixed once we got to final stage.
Sign-on: $15k, 12-month repayment clause.
Total Year 1 with sign-on and target bonus: roughly $250k. Without sign-on, $237k.
Context: I had offers from two other companies in the $240k-$280k TC range (one growth-stage startup with more equity upside, one established tech company). BCG X was on the lower end of my offer range in pure comp but I weighed the brand differently for where I want to go longer-term.
One nuance: BCG X PM roles have a consulting overlay. You're not just doing product strategy, you're also interfacing with client delivery teams. Some people love this, some find it fragmenting. Makes the role genuinely different from a FAANG or startup PM job. Something to factor into how you value the offer.