- Katie Williams, Senior Director This is the third promotion and is also called the junior partner level. No, usually, MBA students dont have to give the potential test. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This is the starting figure that almost every partner is guaranteed to make. This year BCG moved up the rankings to #2 overall and ranked 1st place in an impressive 9 practice areas. Senior consultants with three to five years of experience earn an average of $109,000, A consultant who has only a year or two of experience makes an average of $62,000, Up to $4,400 per year in their $401,000 retirement account, $10,312 per year in their 401K retirement fund. You will also be responsible for identifying new business opportunities and contributing to their growth and development. Take a look at our alumni community: "People have been very understanding and accommodating of me having young children and blocking out time for them. Managing Director and Partner. BCG Principal salary in 7 countries 2016 in US dollar equivalents. Afterward, you become a consultant, then project leader, principal, and lastly promoted to partner. The estimated base pay is $225,883 per year. BCG Gamma Salary BCG Gamma is a division of BCG focusing on data science and advanced analytics. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Boston Consulting Group Salaries How much do Boston Consulting Group employees make? A shared commitment to our core values. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The average Boston Consulting Group salary ranges from approximately 33,471 per year for, The highest-paying job at Boston Consulting Group is, The lowest-paying job at Boston Consulting Group is, Get started with your Free Employer Profile, Partner and Managing Director salaries - 2 salaries reported, Managing Partner salaries - 2 salaries reported, Partner Managing Director salaries - 1 salaries reported, Managing Director and Partner salaries - 1 salaries reported, Senior Partner and Managing Director salaries - 1 salaries reported. No. Read more about Consulting Salaries For MBA & Masters Graduates. BCG ME (Dubai, Doha, and Riyadh) is hiring across all cohorts (in particular Associates, Consultsnts, and Project leaders). A shared commitment to our core values. The consent submitted will only be used for data processing originating from this website. A principal has an average salary of $201,000. This estimate is based upon 1 Boston Consulting Group Managing Director and Partner salary report (s) provided by employees or estimated based upon statistical methods. In other developed countries, the figure fluctuates from $110,000 to $200,000 (profit sharing not included). Get RocketBlocks. Operations Manager Salary (4 salaries) 19.7L 6.6L 35.5L . Stock Bonus, Commission Sharing, Tips have not been reported for this role. I missed the well-rounded people at BCGtheir immense creativity and outgoing energyand although I worked with some great people in my other roles, I hadnt experienced anything else like BCG." Managing Director salary at BCG ranges between 70.0 Lakhs to 300.0 Lakhs per year. The estimated base pay is $225,883 per year. BCG's 25,000 employees, including 7,000 consultants, work from its over 90 offices around the globe. What do I mean by this? This is in terms of both salary and cost of living. Some of the top employers are Deloitte Consulting LLP, KPMG, Accenture, and EY. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Your input helps Glassdoor refine our pay estimates over time. Its annual revenue in 2021 was $11 billion. See all Partner and Managing Director salaries to learn how this stacks up in the market. Between the beginning of 2015 and fall 2021, I led BCG in Switzerland and served on our Regional Leadership Team. Currently, at MBB this isn't a big issue but that will change in the next 5 years as the firms expand the type of work they do (wrote on that in detail here). Masters hires were earning a compensation package of: If youre an incoming MBA hire, your starting salary is $165,000 a year, and you can earn a performance bonus of up to $41,250 as well as a signing bonus of $30,000. I am a Managing Director and Partner in BCG's Melbourne office and lead the Climate and Sustainability Practice for Australia and New Zealand. Managing Director and Partner at Boston Consulting Group (BCG) I Head of Biopharma Germany, Austria, Switzerland and Central Eastern Europe Frankfurt, Hessen, Deutschland 1354 Follower:innen 500+ Kontakte Plus technique overviews and premium 1-on-1 Expert coaching. Average salary for Boston Consulting Group Partner And Managing Director in Red Bank, NJ: [salary]. The additional pay consists of cash bonuses and profit sharing. Based on 9547 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City. According to PayScale, t he average Management Consultant salary in India is 1,149,770. - Gregory Boison, Managing Director and Partner Masters-level hires tend to come in at the Bain business analyst salary level while MBA hires come in at the BCG associate salary level. Great year? We are also particularly proud to rank in the top 5 for all 6 Diversity categories. This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report(s) provided by employees or estimated based upon statistical methods. The Boston Consulting Group (BCG) Jul 2018 - Present4 years 6 months. Company performance: how is the business performing overall? Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. Moreover, there is an ongoing battle for talent between Wall Street, Silicon Valley, and consulting in the US. Bad year? The lowest-paying job at Boston Consulting Group is a Research Associate with a salary of 33,471 per year. In the US, partners at Bain & Co can expect to make $324,000 annually in base . BCG Project Leader Salary in 12 countries 2016 in US Dollar Equivalents, BCG Project Leader salary in 12 countries 2016 in US dollar equivalents. Boston Consulting Group. BCG introduced "Partner" a couple years ago to reward people earlier. The base salary provided by BCG is $200,000 to $220,000. Average salary for Boston Consulting Group Partner And Managing Director in Crete: US$379,540. BCG Consultant salary in 7 countries 2016 in US dollar equivalents. A shared commitment to our core values. A partners salary starts at $450,000 with a performance bonus of over $500,000. However, some places like New York and San Francisco exist where the cost of living is more expensive than in London. You'll find people from all walks of life at BCG. Average salaries for Boston Consulting Group Partner And Managing Director: [salary]. Partner, total compensation: $500K - $1M, Sr. Within Bain, given their strong PE due diligence practice, a little of this has already emerged: partners there can co-invest with PE firms (this is possible with Bain Cap but also other PE firms they work with). Those who have set out on a, Preparing for an interview is crucial. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. Boston Consulting Group employees rate the overall compensation and benefits package 4.4/5 stars. International MBA -IE-SPAIN, COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023. You'll find people from all walks of life at BCG. Base: $90,000 (UK: 71,000, India: 1,600,000), Performance Bonus: up to $18,000 (UK: 6,000, 300,000), Retirement: Profit-sharing deposited into 401k account, Base: $165,000 (UK: 90,000) (Australia: A$160,000) (China: 700,000), Performance Bonus: up to $41,500 (UK: up to 25,000) (Australia: up to A$61,500)(China: 260,000), Profit Sharing: up to $9,000 (China: up to 200,000), Retirement:$10,000 into 401k (UK: up to 9% match) (Australia: A$16,000), Signing Bonus: $30,000 (UK: 15,000) (Australia: up to A$40,000), Relocation: $2,000-8,000 (Australia: up to A$7,500). The diagram above shows how pay varies per career level. They have a salary of $250,000-320,000 with performance bonuses around $120,000 to $220,000. Each stage of the hiring process needs to be carefully prepared: Online Application Potential Tests Fit Interview Case Interview. The screening process provides a resume, a cover letter, a one-way interview with HR, and a BCG potential test. Get a free, personalized salary estimate based on today's job market. BCG Project Leader yearly salary in the US can be up to $266,000, with $178,000 from base, $60,000 from bonuses and $18,000 from profit sharing. London, England Metropolitan Area. The biggest perks are for: This firm hires people with broad business knowledge. Managing Director & Partner at BCG | Global Topic Lead Climate & Sustainability in TCI | Climate Risk, Adaptation and Resilience Kln, Nordrhein-Westfalen, Deutschland. I am a core member of the Industrial Goods, Operations and Climate and Sustainability practices. Managing Director and Partner Boston Consulting Group (BCG) 2010 - Present13 years Canberra, Australia Previously based in BCG's London, Melbourne, Mumbai and Kuala Lumpur offices. they might have a differential policy on holidays in different countries, BCG formally started operations in India in 1995, opening its offices after nearly a decade of work in the country. At Boston Consulting Group, Partners are known as "Managing Directors" and then if they have been in that role 5-10 years they might get promoted to Senior Managing Director. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. - Katie Williams, Senior Director According to Management Consulted, in top consulting firms you can typically expect a 10-to-20% increase in your base compensation and/or performance bonuses each year. You'll find people from all walks of life at BCG. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The longer you work and work well enough to earn promotions, the more you are rewarded with a higher salary. Recently, BCG introduced a new role of a "salaried" Partner role inbetween Principal and MD&Partner role. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. This estimate is based upon 2 Boston Consulting Group Partner and Managing Director salary report(s) provided by employees or estimated based upon statistical methods. Corporate members include major FTSE 100 companies who have established strategies for China. Find out what BCG consultant salary prospects are for MBA and masters graduates. There may be a gap in pay between both countries because of the difference in public services like healthcare in the UK. Working Student - Regional HR - Global Specialty Businesses Two-to-three years out of an MBA program, BCG manager salary prospects are around $220-to-$240,000 in base salary and $100-to-$140,000 in bonuses. Consulting Based on 544 salaries Senior Associate 152 salaries Consultant 145 salaries View More Research & Science Based on 376 salaries Analyst 62 salaries Every firm has a different way of calculating partner compensation, so it can vary but they all generally look at the same drivers: Cases sold: what business did you bring in? A BCG associate principal salary sits at around $275-to-$350,000, while BCG partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. If you don't make it by the time you are 50 or if you join Continue Reading 39 Ashrut Arya CA Final Student Author has 180 answers and 836.7K answer views 4 y Related Masters graduates can expect 15 days per year of paid time off. Total COMPENSATION. My . Take a look at our alumni community: "People have been very understanding and accommodating of me having young children and blocking out time for them. Take a look at our alumni community: "People have been very understanding and accommodating of me having young children and blocking out time for them. If you are overcoming hardships, we wanna help! How accurate does 2,95,93,447 - 3,18,30,968 look to you? A partner can earn on average $533,000 with bonuses and all. The Boston Consulting Groups characteristics in their consultants are that they are creative, impactful, passionate, and team players. Your email address will not be published. Based on 9547 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete. What do they all have in common? Business school grads turned BCG consultants interviewed by BusinessBecause say the firm looks for hires with broad business knowledge. We and our partners use cookies to Store and/or access information on a device. Principal. Based on 7 salaries posted anonymously by Boston Consulting Group Managing Director And Partner employees in New York City, NY, United States. Partner, total compensation: $1M - $5M+. The estimated base pay is $226,728 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Afterward, if you qualify, the selection process takes place. Boston Consulting Group salary trends based on salaries posted anonymously by Boston Consulting Group employees. .css-1qxtz39{font-size:12px;}Reported in 1 salaries. The average salary for a Partner and Managing Director is $155,358 per year in United States, which is 70% lower than the average Boston Consulting Group salary of $518,441 per year for this job. Working at BCG has so much to offer. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. Name. The highest-paying job at Boston Consulting Group is a Principal with a salary of 168,252 per year. From a compensation perspective, it's a pretty nice picture and now you'll understand why all these firms are flooded with resumes! So it all depends on their base salaries and bonuses. The community relies on everyone sharing. Average Boston Consulting Group Director salary in India is 78.7 Lakhs for experience between 15 years to 21 years Director salary at Boston Consulting Group India ranges between 46.0 Lakhs to . Additional pay could include bonus, stock, commission, profit sharing or tips. In other developed countries, the figure fluctuates from $60,000 to $100,000 (profit sharing not included). This estimate is based upon 1 Boston Consulting Group Managing Director/Partner salary report (s) provided by employees or estimated based upon statistical methods. A good friend of mine who spent 8 years at Bain said "honestly, partner compensation feels like a black box for most of the partners! They provide their services across the world to various businesses and help clients with their unique challenges. Managing Director/Partner salaries at Boston Consulting Group can range from 2,92,51,235-3,17,66,192. Typically, a Bain consultant salary, BCG consultant salary, and McKinsey associate salary will be the same regardless of what office you are hired by. Also, BCGs locations in the US have a much cheaper cost of living than the US. There is also some variance over the size of relocation packages, with Bain being the most generous. Board of Directors in BGC PARTNERS INC. For its 2021 fiscal year, BGC PARTNERS INC, listed the following board members on its annual proxy statement to the SEC. They usually work on one project at a time and empower organizations to grow. Dive into the principles that shape our business. Know Your Worth. Learn how much management consultants make based on the firm and their experience level. Find Salaries Hong Kong View as: Annual Pay Periods Annual Pay Periods Monthly Pay Periods .css-jiegi{font-size:15px;line-height:24px;color:#505863;font-weight:700;}How accurate does US$368,997 - US$645,338 look to you? Comprehensive guide to BCG salary in 2020! Your email address will not be published. Continue with Recommended Cookies. Select your job title and find out how much you could make at Boston Consulting Group. Time is split across several teams to give content and . Director. BCG hires from top US business schools including MIT Sloan, Kellogg School of Management, and Columbia Business School, as well as internationally. Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! Help our clients do amazing work while unlocking the potential of those who advance the world. (Only 1% of applicants to McKinsey actually get hired.) if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-box-4','ezslot_5',194,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-box-4-0'); According to Management Consulted, the total compensation for BCGs new hires has grown a lot. Engage in conversations about Partner and Managing Director pay with other professionals in the community. Thinking of moving from BCG to Mckinsey. This is a fun topic to discuss. A career in a consulting role in one of the top tier strategy consulting firms will most certainly enable you to have a challenging, diverse and fulfilling career engaging with some super smart folk whether you progress right through to Partner or decide to pursue a role in industry after reaching manager level and obtaining that illustrious tool kit. Becoming a partner is an outstanding achievement involving time, dedication, and hard work. Get a free, personalized salary estimate based on today's job market. Externally, on LinkedIn, most Partners list their role as "Managing Director and Partner." At Bain it is similar to McKinsey. So all in all, the total compensation for a junior partner can be between $500k and $1m. The Boston Consulting Group Inc H1B Salary 2021. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,93,447-3,18,30,968. MANAGING DIRECTOR AND PARTNER: 300,000: SAN FRANCISCO, CA: 05/20/2021: 10/01/2021: THE BOSTON CONSULTING GROUP INC: MANAGING DIRECTOR AND PARTNER: 300,000: NEW YORK, NY: Leaves are less. Salary details differ when it comes to a different country like the UK. The estimated base pay is $225,883 per year. I missed the well-rounded people at BCGtheir immense creativity and outgoing energyand although I worked with some great people in my other roles, I hadnt experienced anything else like BCG." Your input helps Glassdoor refine our pay estimates over time. Based on 1 salaries posted anonymously by Boston Consulting Group Partner And Managing Director employees in Crete, IL. There is a steeper increase in compensation too when youre promoted to the next level. The average salary for a Partner and Managing Director is $155,358 per year in United States, which is 70% lower than the average Boston Consulting Group salary of $518,441 per year for this job. Dive into the principles that shape our business. Take a look at our alumni community: "People have been very understanding and accommodating of me having young children and blocking out time for them. Boston Consulting Group partners with leaders in business and society to tackle their most important challenges.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Know Your Worth. Its a prerequisite,. Most of those senior partners are likely pulling in around $1M - $2M annually, while the top 15% all-stars are making more than that. Are you looking for a workplace that supports your personal growth even after you leave? UK employees of the BCG tend to be behind the US employees when it comes to salary. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This is for 1st-year consultants only, as reported by the Insider. A BCG associate principal salary sits at around $275-to-$350,000, while BCG partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. 2028 . Their bonuses lie between $350,000 and $550,000. Average salaries for Boston Consulting Group Managing Director And Partner: [salary]. However, the pay in BCG usually ranges from $90,000 to $5 million. Very good overall Health Insurance Package, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. They vary only based on the level you are hired at (e.g., analyst, consultant, engagement manager). The estimated additional pay is $292,558 per year. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-leader-2','ezslot_15',605,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-2-0'); Partners are the highest-paid BCG employees at $533,000, and interns are the lowest-paid employees at BCG with $35,000. Managing Director & Partner at The Boston Consulting Group in India. "I thought about returning to BCG almost the whole time I was away. This is much lower than the average a US consultant makes, which is $165,000. Hence, if this is where your passion lies and you think youre cut out for it, go for it! They are a company providing people with jobs, a salary, and even a retirement plan. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. ~2 years at BCG, 6 months at a high tech startup that collapsed, and 1 year as a Senior Manager in corporate strategy with direct c suite interactions regularly. Leaves are less. At BCG India, we.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Previously was always "Partner and Managing Director". New hires and consultants are expected to have an agile mindset, work with a team, and collaborate with colleagues since consultants need to know how to work in a virtual environment. BCG Project Leader yearly salary in the US can be up to $266,000, with $178,000 from base, $60,000 from bonuses and $18,000 from profit sharing. looking for a job openings at BCG in consulting areas So after 2-3 years principal, you become a salaried partner and then after 2-3 years you become a Managing Director & Partner with equity in the firm. The estimated total pay for a Partner and Managing Director at Boston Consulting Group is $518,441 per year. See all Managing Director/Partner salaries to learn how this stacks up in the market. The average salary for a Partner and Managing Director is US$493,526 per year in New York City, NY, United States, which is 1% lower than the average Boston Consulting Group salary of US$502,050 per year for this job. And well never share your email. Employees who work in the corporate management organizational function tend to get paid the most at at BGC Partners, earning an average yearly salary of $186,338. At BCG India, we.css-epvm6{white-space:nowrap;}.css-epvm6{white-space:nowrap;} More, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Todays topic- BCG Partner Salary. Potential bonuses can be from $90,000 to $130,000. - Katie Williams, Senior Director What do they all have in common? Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". You're in the right place. Masters graduates can expect a performance bonus of up to $25,000 and a signing bonus of $5,000. Managing Director/Partner salaries at Boston Consulting Group can range from 2,95,02,089-3,19,09,799. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. MBA hires are also given 15 days of paid time off a year at BCG. 2K followers 500 . Beyond is where we begin. Thank you for registering your attendance to How Much Can a Partner at Mckinsey, BCG Or Bain Actually Make?. Bain & Company Partner Salary. What We Offer | BCG Culture & Values | BCG Careers. Additional pay could include bonus, stock, commission, profit sharing or tips. BCG consultant salaries have also risen for 2023, along with the other Big Three consulting firms. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. No spam. Ted is a Partner and Managing Director of The Boston Consulting Group and now leads BCG's Globalization Practice in Greater China.Ted also led BCG's Strategy and Corporate Development practices in Greater China between 2009 and 2014. Salary estimates are based on 13 latest salaries received from various employees of BCG. One of the key attractions of joining the Boston Consulting Group is the BCG consultant salary prospects awaiting successful candidates. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'howigotjob_com-large-mobile-banner-2','ezslot_14',198,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0'); At BCG, senior partners are referred to as Partner and Managing Director. BCG Principal and Partner yearly salary in the US can be up to $1,150, with a base of up to $850,000 and bonuses up to $300,000. "I thought about returning to BCG almost the whole time I was away. Your input helps Glassdoor refine our pay estimates over time. Since joining BCG almost 20 years ago, Ted has built extensive expertise advising leading Chinese . if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-medrectangle-3','ezslot_6',191,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-medrectangle-3-0'); BCG is a company that provides consulting services. Like the salaries, BGC UK employees typically have lower performance bonuses too. 461 records was found, Median Salary is $165000. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. North America Leader, Tech Capital, Principal Investors and Private . -- Morgan Cummings Gray, McKinsey Engagement Manager. And for a senior partner we are looking at a salary of up to $5m+. I am a Managing Director & Partner with Boston Consulting Group. Finally, it's worth noting that the senior partner range isn't evenly distributed. MBA hires can also expect between an interest-free relocation payment, and $10,930 per year into their 401k retirement fund. However, the promotions and raises are just as rewarding as the effort needed to be put in. It is headquartered in Boston, Massachusetts, and was founded in 1963. The average based salary that partners in the United States can expect to receive is $344,000, with the total average salary being between $1m and $1.2m. When including bonuses and additional compensation, a partner can make up to an average of $426,932 a year. Boston Consulting Group Salaries in Hong Kong 44 salaries (for 23 job titles) Updated 3/2/2023 44 Boston Consulting Group employees have shared their salaries on Glassdoor. Save my name, email, and website in this browser for the next time I comment. Although MBB are very guarded when it comes to the actual formula when it comes to paying partners' annual salaries, the answer to the question is anywhere between $500k - $5m+. That's a rare thing to find at other places." Nov 2016 - Present6 years 5 months. I've written a lot about the consulting career path and for anyone interested in what the salary and responsibility ladder looks like you can see that here. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page..
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