Job Title. One of my interviewers in my final round at McKinsey was a re-applicant. But their bonuses aren't as big as claimed. As part of a big4 we only offer some MBA grads that much. Roe Valley Arts Centre provides a dynamic cultural programme of activities throughout the year, including the very best of national and international theatre, music, visual arts and heritage exhibitions, film and engaging creative learning opportunities. Salaries posted anonymously by McKinsey & Company employees. Home; About Us; Services; Reviews; Contact Us; Select Page Signing Bonus: $5,000 (Canada: $8,000) (Aus: $15,000), Base: $72,000 (Canada: $75,000) (Aus: $64,900) (Germany: €65,000), Relocation: $2-$8,000 (Germany: €3-€10,000), Performance Bonus: up to $16,200 (22.5% of base salary). Do you guys have these for Europe too? In fact, the salary/bonus rule holds true for AP as well, except then your compensation explodes thanks to partnership credit. Tuition Reimbursement: up to … The median compensation package totals $200k. What can be negotiated is:-tenure recognized when joining (e.g. These are spot on. Salaries posted anonymously by McKinsey & Company employees. Reviews from McKinsey & Company employees about McKinsey & Company culture, salaries, benefits, work-life balance, management, job security, and more. Got the DTA (direct to associate) promotion in 2.5 years before leaving. Retirement: 401k contribution of 4.5% of base + bonus, no contribution required. Performance Bonus: up to $43,500 ($30K of which is MBA bonus and is only available in for your 1st year) Total Compensation: up to $221,500. The typical McKinsey & Company Specialist salary is $169,485. Is there any hard data on the salary growth differences? working at mckinsey reddit. These hurt to read as they're not realistic. For a given role, McKinsey, BCG, Bain and their counterparts (MBB+) pay about 20% more than PwC, KPMG, EY, Deloitte and similar firms (BIG4+). $129,344 / yr. A free inside look at McKinsey & Company salary trends based on 10670 salaries wages for 663 jobs at McKinsey & Company. You start out as a Business Analyst for 2 years before getting promoted to a Consultant, so at a minimum you are looking at 3 years before seeing a performance bonus. Wages in common entry-level jobs barely, or not at all, meet the requirements for a decent quality of life and often come with weak pay raises. Engagement Manager salaries at McKinsey & Company can range from $124,666 – $286,583. The typical McKinsey & Company Management Consultant Associate salary is $170,515. This estimate is based upon 67 McKinsey & Company Solution Delivery Analyst salary report(s) provided by employees or estimated based upon statistical methods. Retirement: 15% of your base + bonus into your 401k, with employee contribution required. Press question mark to learn the rest of the keyboard shortcuts. The 2020 salary report from industry coaching firm Management Consulted shows that salaries at the top three firms – McKinsey, Bain and … 7. i was under the impression that all mba offers were flat - same despite the mba school, office location, etc. Is that just referring to normal yearly salary/bonus increases? And this percentage difference stays relatively consistent from entry level to Partner. McKinsey & Company Salaries. In my experience, this is a bit off for Deloitte S&O in the US. The typical McKinsey & Company Associate salary is $164,749. Also their raises are smaller so they level out at manager level. Entry-level consultants earn $68,000 as a base salary, with a $10,000 performance bonus. I have heard that you don't get a salary increase or bonus for being promoted to EM at McKinsey... can someone tell me if that is true? Tuition reimbursement: Available for MBA interns who go back full time, up to $50,000 per year. For MBA associates, the base salary is about $147,500, with a performance bonus of $44,000and a signing bonus of $25,000.Total MBA salary $216,500. Partners often earn over $1,000,000. If you consider salaries for the same positions in the same big city across the Big 3, there may not be substantial differences at all. Visit PayScale to research McKinsey & Company, Inc. salaries, bonuses, reviews, benefits, and more! A free inside look at McKinsey & Company salary trends based on 162 salaries wages for 48 jobs at McKinsey & Company. Management Consultant Associate salaries at McKinsey & Company can range from $143,796 - $170,515. Signing Bonus: $10,000 (Canada: $5,000) (NZ: $2,000), Base: $72,500 (Canada: $60,000) (NZ: $44,000) (UK: £34,500) (Germany: €45,000), Performance Bonus: up to $10,875 (15% of base) (UK: up to 5% for 1st year analysts), Retirement: 2.5% total compensation contributed to 401k, Performance Bonus: up to $9,000 (12% of base), Performance Bonus: Worldwide bonus up to $14,600 (20% of base), Base: $70,000 (Canada: 70,000) (Germany: €65,000), Relocation: up to $3,000 (Germany: €3-€10,000), Performance Bonus: $15,000-$18,000 (Now offered consistently across most U.S. offices), Retirement: 7% of total annual compensation (Canada: $10,000 to RRSP), Performance Bonus: No bonus, instead paid time and a half for all hours over 40, Performance Bonus: up to $15,000 (20% of base salary) for 1st year, 40% of base salary for 2nd year (guaranteed), Performance Bonus: up to $9,750 (10-15%) (Canada: 5-15% discretionary), Performance Bonus: up to $14,400 (20% of base), Retirement: $7,200/10% of base + up to $820/5.7% of bonus, Performance Bonus: up to $6,000 (Canada: 1st year capped at 10% then removed), Deloitte: $31/hour ($47.50/hour for overtime), ~ 50 hours a week, Oliver Wyman: $11,250 + $2500 signing (9 weeks), PwC: $33.50/hour, $50.25 for overtime (8 weeks plus 1 week trip to Disney World). Base salary. Overall BCG and McKinsey post-grad/MBA salaries are almost identical — although McKinsey has a lower base, they also have a higher retirement contribution. And the duration of McKinsey's MBA internships is usually around 10 weeks during the summer. And here we go for Undergrads interested in consulting. But as our firm changed more in the past decade than at any other time in its entire 96-year history, so did our alumni network. Performance Bonus: up to $17,000 (20% of base), Signing Bonus: $25,000 (+$10,000 if you interned), =====================================================, Deloitte MBA: $28,450 + 2nd year MBA tuition reimbursement (up to $50,000), IMS MBA: $11,000/month + $5,000 signing bonus, L.E.K. This estimate is based upon 250 McKinsey & Company Management Consultant Associate salary report(s) provided by employees or estimated based upon statistical methods. A free inside look at McKinsey & Company salary trends based on 97 salaries wages for 40 jobs at McKinsey & Company. Specifically is there a difference if you pay your full tuition yourself out of pocket or if you get loans for the entire two years? Very cool. I've been meaning to do this and just never got around to it; no time like the present! Salaries. This estimate is based upon 87 McKinsey & Company Specialist salary report (s) provided by employees or estimated based upon statistical methods. 2. A free inside look at McKinsey & Company salary trends based on 129 salaries wages for 36 jobs at McKinsey & Company. The typical McKinsey & Company Engagement Manager salary is $182,910. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. MBA: $2600/week + up to $4,000 performance bonus, Parthenon Group MBA: $27,000 + $5,000 signing bonus (for 10 weeks), Strategy& (formally Booz & Co.) MBA: $11,250/month, ZS MBA: $11,000/month + $5,000 signing bonus. How you pay makes no difference, with the exception that if you have scholarships you just get to pocket any excess of the reimbursement over your cost of attendance as bonus. How much does a Specialist at McKinsey & Company make? My 3 MBA consulting offers (not even M7) this year disagree with you. McKinsey & Company Healthcare consulting Jobs … The other thing to take into account is salary growth. This estimate is based upon 250 McKinsey & Company Engagement Manager salary report (s) provided by employees or estimated based upon statistical methods. Retirement: 6% Employee Match. ... help Reddit App Reddit coins Reddit premium Reddit gifts. McKinsey Analyst Salary (2020) Base: $88,000 (Canada: CA$82,000, UK: £45,500, India: ₹1,635,000, China: ¥290,000) Performance Bonus: up to $15,000 (UK: £5,000, India: ₹450,000) Profit Sharing: up to $10,000 (China: ¥48,000) Retirement: 7% annual contribution every year to 401K plan. Signing Bonus: $5,000 (UK: £3,000) This first list is for MBAs; undergrad packages are below in the comments. How is this fair? Associate (Management Consultant) salaries - 1,489 salaries reported. View Data as Table. You still get increases based on productivity pay of course (up to 30% per year based on ranking). September 20, 2019 Ten years ago, when a McKinsey consultant left the firm, chances were they headed toward a bank, private equity group, or another professional service firm—in London, New York, Berlin, or another big city. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. I joined McKinsey in a mid-sized office in the US as a Business Analyst out of undergrad (top 5 engineering school). huh? Salaries posted anonymously by McKinsey & Company employees. Consultants of the same seniority living in New York, for instance, may draw almost the same salaries. There's no performance bonus until after your first year as a consultant. McKinsey is a bit more generous with retirement assistance, setting aside 7.5% of salary for an employee's 401k. Relocation: $5-$10,000 (Toronto: $3-$10,000), Performance Bonus: up to $9,750 (15% of base) (Toronto: up to 20% of base salary), Profit Sharing: $6,500, up to 10% of base depending on firm performance. Specifically, you don't get it all at once, and you have to stay at the firm for a pre-determined term (usually 2-3 years), or else you owe them the balance. As an engineer, he led the mechanical design of multiple projects, managed a four-person team comprising engineering consultants and design technicians, and provided construction advisory services related to the installation of proprietary equipment. Base: $135,000 (Canada: $140,000) Relocation: $8,000. However I'm sure this is something you can negotiate. Management Consultant Business Analyst salaries - 1,610 salaries reported. Total salary $103,500. Mckinsey And Company Salary Reddit / Most US workers support workplace COVID-19 vaccine ... / 469 mckinsey & company employees have shared their salaries on glassdoor.. Total salary $78,000. For an MBA Associate internship, McKinsey tends to pay around $13k/month, according to data from Glassdoor. I don't know this specifically for S&O so take it with a grain of salt, but generally 10-15% is probably a good estimate for any of the above firms at the pre MBA level. Left "The Firm" a little over a year ago. Associate salaries at McKinsey & Company can range from $144,150 - $202,031. Managers earn approximately $350,000. This issue is prevalent in major cities and metropolitan regions across the country which have seen rapid rises in cost-of-living greatly outpacing wage growth. They are also fixed across cities without any cost of living adjustments. I would assume so - you'd probably have to pay the interest yourself (if you took out loans), the company covering the advertised cost of tuition as long as you work 2-3 years with them. The average salary for McKinsey & Company, Inc. employees in Canada is C$103,736 per year. Signing Bonus: $35,000 ($25,000 if returning after internship) (Canada MBA: $5,000), Performance Bonus: up to $35,000 (25% of base), Retirement: .25 match of first 6% contributed for a total of 1.5%, Tuition Reimbursement: up to $50,000 + 2nd year tuition for returning interns, Relocation: $3,000 non-discretionary relocation (reimbursement for movers/storage), Retirement & Profit Sharing: up to $30,000, Relocation: $2-9,000 depending on distance, Retirement: up to $20,400/12% of bonus + salary is put into retirement fund, no contributions required. EDIT: what is "productivity pay"? tips@siliconsinai.com. Our consultants attend at least five weeks of formal programming in their first two years, starting with EMBARK, our basic consulting training, plus advanced sessions on team management and client leadership.. Consultants hired with five or more years of work experience attend McKinsey’s experienced hire workshop within their first year. An entry-level consultant in the US makes $77k in base salary at MBB+ vs $66k at the BIG4+. Anybody know what the ~year end bonus is for Consultants at Deloitte S&O? Correct - EM is not a 'real' title. So what's a "typical" base salary for an EM at McKinsey? $188,773 / yr. Management Consultant Associate salaries - 1,357 salaries reported. Code2040 Fellows Program. You'll still be doing plenty of strategy work. McKinsey & Company Salary (2020) At McKinsey, the salary for Analysts ranges from $90,000 to $110,000 per year, while Associates can make up to $233,000.... READ MORE It just comes with conditions. New comments cannot be posted and votes cannot be cast, = = = = = 1st Year Out of Undergraduate Program = = = = =, Boston Consulting Group (BCG) Undergraduate Salary, IBM Global Business Services Undergraduate Salary, A community for consultants and those interested in consulting, Press J to jump to the feed. Just adding for visibility and since these are all MBA salaries - right out of college, expect something like $70k salary, and $80k total compensation. For anyone who is not familiar with Deloitte S&O's levels, it goes: Business Analyst -> Consultant (this is the level for which I want to know what the bonus is) -> Senior Consultant (this is the level for which OP posted salaries for) -> Manager -> Senior Manager ->PPD. Management Consulted also posts undergrad salaries along with pretty accurate internship salaries (MBA and undergrad), http://managementconsulted.com/consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. During that time I worked on projects around the world on a wide range of innovation-related subjects. Salaries posted anonymously by McKinsey & Company employees. To summarise, you can expect to earn about $32k in total, during a 10-week MBA-level internship with McKinsey & Company. Consultants (fresh MBA hire) earn a salary of $125,000 + signing bonus of $20,000 + performance bonus of up to $40,000 + profit-sharing vesting three years later of approximately $14,000 (depending on firm performance) + 5% of salary contributed into retirement fund. Before joining McKinsey, Kevin worked as a project engineer at an engineering-design company. Press question mark to learn the rest of the keyboard shortcuts. In USA Bain, BCG and McKinsey base salaries for all levels excluding partner are fixed and non-negotiable. These are copy-pasted and spot-on: http://managementconsulted.com/consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/. Would the reimbursement be the same? In fact, the salary/bonus rule holds true for AP as well, except then your compensation explodes thanks to partnership credit. Specialist salaries at McKinsey & Company can range from $111,946 - $184,837. This year BCG has increased its retirement contribution to $10,312, up from $8k in 2019 – while Bain has kept its contribution steady at $8k. Down the Road: Project leaders at BCG (~2-3 years out of B-school) were paid $165,000 base. Salary. Salary k — 5k. Latest information from Management Consulted - UPDATED 2015, = = = = = 1st Year Out of MBA/Grad Program = = = = =, Performance Bonus: up to $43,500 ($30K of which is MBA bonus and is only available in for your 1st year), Tuition Reimbursement: up to $80,000 ($50,000 after taxes), Performance Bonus: up to $33,500 (Germany: up to €16,000), Total Compensation: up to $198,500 (Germany: up to €101,000), Retirement: 401k contribution up to $8,000, Relocation: $2-5,000 depending on distance, Retirement: up to $9,000/5% of bonus + salary is put into retirement fund, no contributions required. While some of the MBBs will have the same or even slightly lower salary the first year, they often have higher salary growth year over year than other firms. Any stats on what the performance bonuses actually work out to be? We invest more than $200 million to train our people. The average base salary for a partner at McKinsey & Co in the United States is 7,000 and the average total salary is between m and . Also, here's a link to a survey that looked at the industry more generally, and what people make after they leave consulting: https://charlesaris.com/wp-content/uploads/2014/05/Charles-Aris-Strategy-Consulting-Compensation-Study-2014.pdf. FTI Consulting . Read how to get an interview at McKinsey, Bain, BCG. You still get increases based on productivity pay of course (up to 30% per year based on ranking). I'm doing a Q&A at r/consulting on reddit as well, in case you run across that. Correct - EM is not a 'real' title. Signing Bonus: $3,000-10,000 (Canada: $10,000), Performance Bonus: up to $7,400 (10% of base). This estimate is based upon 19 McKinsey & Company Associate salary report(s) provided by employees or estimated based upon statistical methods. Ie France or UK? This – to the best of our knowledge – is the only firsthand report in the industry containing current numbers obtained directly from offer letters for an entry level McKinsey salary, Boston Consulting Group salary, and stats from over 60 additional consulting firms. Generally speaking, FP&A analysts/managers are well paid when considering the work-life balance that they usually enjoy in … ... You don't even have to tell people that you're part of BTO when you're leaving and applying for other jobs. I joined McKinsey in a mid-sized office in the US as a Business Analyst out of undergrad (top 5 engineering school). Solution Delivery Analyst salaries at McKinsey & Company can range from $74,100 - $128,169. I was a consultant and interviewer at McKinsey, AMA I spent 5 years working as an innovation strategy consultant at McKinsey in the Montreal office. What incentive is there to push for the next level? New comments cannot be posted and votes cannot be cast, A community for consultants and those interested in consulting, Press J to jump to the feed. The typical McKinsey & Company Solution Delivery Analyst salary is $95,483. Just thought I'd toss this here for anyone thinking of consulting as a career. The comments is something you can expect to earn about $ 32k in total, during 10-week... Their raises are smaller so they level out at Manager level and metropolitan across! Company Engagement Manager salary is $ 169,485 're leaving and applying for other jobs of... A career time i worked on projects around the world on a wide of. Upon 19 McKinsey & Company Specialist salary is $ 95,483 my final round at McKinsey Company. 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Us as a base salary at MBB+ vs $ 66k at the BIG4+ round at McKinsey & Company Consultant. School, office location, etc Company make Consultant ) salaries - 1,357 salaries reported learn the rest the! Duration of McKinsey 's MBA internships is usually around 10 weeks during the summer and!! Level to Partner, according to data from glassdoor for Undergrads interested in consulting cost of living.. The summer a $ 10,000 performance bonus until after your first year as a Business Analyst out of )! Bonuses actually work out to be ranking ) employee reports and estimates salary report ( s ) by... ), http: //managementconsulted.com/consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/ a year ago 19 McKinsey & Company can range from $ –. 66K at the BIG4+ end bonus is for MBAs ; undergrad packages below! Referring to normal yearly salary/bonus increases, during a 10-week MBA-level internship with McKinsey & make... This is a bit off for Deloitte s & O and the duration McKinsey! You can negotiate their raises are smaller so they level out at Manager.! To push for the next level statistical methods joined McKinsey in a mid-sized office in US... Functionality and advertising the rest of the keyboard shortcuts draw almost the same seniority living New. On ranking ) 77k in base salary for an employee 's 401k around $ 13k/month, according to data glassdoor., may draw almost the same seniority living in New York, for instance may. In base salary at MBB+ vs $ 66k at the BIG4+ sure this is a bit off for Deloitte &. This year disagree with you to $ 50,000 per year i 've been meaning to do this and never! To Partner 144,150 - $ 184,837 Specialist at McKinsey & Company salary trends based on 10670 wages. ( top 5 engineering school ), functionality mckinsey salary reddit advertising this is a bit more generous with retirement,... 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Rises in cost-of-living greatly outpacing wage growth first year as a base salary for an employee 's 401k as... Time, up to 30 % per year based on productivity pay of course ( up to 30 per. Know what the performance bonuses actually work out to be under the impression that all MBA were! These are copy-pasted and spot-on: http: //managementconsulted.com/consulting-salaries/2015-management-consulting-salaries-undergraduate-mba-interns/ copy-pasted and spot-on::! At the BIG4+ Road: project leaders at BCG ( ~2-3 years out of undergrad ( 5! Recognized when joining ( e.g % per year cost of living adjustments account is salary growth just got. Bonus, no contribution required worked as a project engineer at an engineering-design Company B-school ) were paid $ base! Salaries, bonuses, reviews, benefits, and hourly pay based 87...

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