The typical McKinsey & Company Consultant salary is £83,598. Comprehensive guide to McKinsey Salary in 2020! For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." As an incoming Associate you will be compensated the same as any other associate. There are junior partners and senior partners. Learn how to enable cookies. McKinsey Engagement Managers in the US may earn up to $250,000 per year in salary, with $175,000 base and $77,000 performance bonus. This estimate is based upon 11 McKinsey & Company Consultant salary report(s) provided by employees or … Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role The typical McKinsey & Company Associate Consultant salary is £85,580. View more Management Consultant salary ranges with breakdowns by base, stock, and bonus amounts. At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Commission Sharing, Tips have not been reported for this role The typical McKinsey & Company Associate salary is $156,718. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. In most other developed countries, the salary ranges … Consultant salaries at McKinsey & Company can range from £24,632 - £158,261. Our flagship business publication has been defining and informing the senior-management agenda since 1964. It is helping to shift our model toward asset-based consulting and is a foundation for, and expands our investment in, our entrepreneurial culture. Hi Anonymous, McKinsey has a very rigorous salary structure. How to Answer: What Are Your Strengths and Weaknesses? McKinsey & Company Salaries trends. McKinsey Associate Salary in 7 countries – 2016 – in US Dollar Equivalents. You will typically work in teams of 3 – 5 consultants as an active player in every client project. In this role you will work on the best teams to help the best organizations in the world – in private, public, and social sectors – solve their most difficult problems. You’ll focus on developing marketing and sales strategies for leading companies of all major industries, including consumer goods, financial services, retail, telecommunications, and logistics. Associate salaries at McKinsey & Company can range from $130,000 - $180,000. © 2020 Management Consulting Prep | Intelectual Property protected by DMCA, BCG (Boston Consulting Group) 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, Base: $168,000 (UK: £84,000) (China: $116,000), Performance Bonus: Up to $252,000 – $300,000. While everyone generally just says "Partner" all of these firms have multiple tiers of Partners and these types tend to have different fixed, base salaries. This estimate is based upon 17 McKinsey & Company Associate salary report(s) provided by employees or … Associate Consultant salaries at McKinsey & Company can range from £52,259 - £94,043. Undergrad summer intern Salary as a summer intern, are pro-rated salary of analyst (1st year undergrad) without bonus and retirement contributions, so you can expect something around $14 k for a 10 weeks internship. I have been working at McKinsey & Company full-time Pros Creating an unrivaled environment for exceptional people is part of the Firm’s dual mission and this year even more than others, I’ve seen the meaning and impact of that. The typical McKinsey & Company Associate Consultant salary is $151,918. In this article, we’re going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. Salaries posted anonymously by McKinsey & … 129 salaries for 36 jobs at McKinsey & Company in Canada. Those six-digit salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you are reading this article; so let’s find out how much McKinsey pays its consultants in 12 different countries. The average salary for each group and level is available in the graphs below. Consultants can also receive a signing bonus of $12,500. ), 7 of the Best Situational Interview Questions. McKinsey remains the laggard on $87,000 despite increasing base pay by $2K. Wonder how much consultants are paid? If you are overcoming hardships, we wanna help! For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. MBB: McKinsey, Boston Consulting Group, Bain. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. See how your offer stacks up to other pay packages and negotiate confidently. 1. Each of the big three offer new undergrad hires a $5k signing bonus. Associate salaries at McKinsey & Company can range from $50,005 - $200,297. Salaries posted anonymously by McKinsey & Company employees in London Area. Your colleagues at McKinsey will go to extraordinary lengths to ensure your success. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. McKinsey has a very rigorous salary structure. At McKinsey, an undergrad is given the job title of “business analyst.” At BCG, an undergrad is an “associate,” and at Bain an “associate consultant.” An MBA hired at McKinsey is an “associate”, and at Bain and BCG, a “consultant.” Some other titles are as follows. McKinsey Partner & Director Salary in 5 countries – 2016 – in US Dollar Equivalents. Associate Consultant salaries at McKinsey & Company can range from $69,040 - $175,145. This estimate is based upon 1 McKinsey & Company Associate Consultant salary report (s) provided by employees or estimated based upon statistical methods. 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As an incoming Associate you will be compensated the same as any other associate. The base salary for a consultant is about $88,000, with a performance bonus of $13,000. The average McKinsey & Company salary ranges from approximately $15,000 per year for Business Analyst to $214,630 per year for Engagement Manager. McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. When you join McKinsey as an Associate, you are joining a firm that will challenge you and invest in your professional development. The Average Salary of a Consultant at McKinsey, Bain or BCG in London . What You'll Do. This estimate is based upon 40 McKinsey & Company Associate Partner salary report(s) provided by employees or … Check out the latest McKinsey & Company Jobs. McKinsey & Company Salaries trends. 435 salaries for 100 jobs at McKinsey & Company in London Area. Here’s the potential salary growth trajectory of someone working at a top consulting firm (McKinsey, Bain, or BCG) in the U.S.: In other developed countries, the salary fluctuates around $80,000, while in developing nations such as India, the number is roughly $25,000-$30,000 (profit sharing not included). This estimate is based upon 73 McKinsey & Company Associate salary report(s) provided by employees or estimated based upon statistical methods. Analyst (1st year out of undergraduate) Signing Bonus: $5 k. Base salary: $80 k. Relocation bonus: $2-8 k. End-year bonus: up to $12 k (in BCG and McKinsey up to $18 k) McKinsey Engagement Manager Salary in 7 countries – 2016 – in US Dollar Equivalents. A free inside look at McKinsey & Company salary trends based on 128 salaries wages for 36 jobs at McKinsey & Company. The typical McKinsey & Company Associate salary is £87,447. Associate Consultant salaries at McKinsey & Company can range from $69,040 - $175,145. Associate Consultant salaries at McKinsey & Company can range from $171,877-$185,792. Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Commission Sharing, Tips have not been reported for this role. The name of the different levels changes from firm to firm. Check out the latest Associate Consultant Jobs or see Associate Consultant Salaries at other companies. Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Free 1 month access by adding just 1 salary datapoint here REAL salary bonus data across 1,000+ companies Plus free 1 month access to 10,000+ interview insights Project Leaders have a maximum annual salary … When factoring in bonuses and additional compensation, a Associate Consultant at McKinsey & Company can expect to make an average total pay of $180,000 . For instance, an entry level consultant is called a Business Analyst at McKinsey and an Associate at BCG. McKinsey & Company Consulting Salaries 5,838 salaries (for 531 job titles) Updated Jan 5, 2021 5,838 McKinsey & Company employees have shared their salaries on Glassdoor. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. See if they're hiring! Then there's a $5,000 signing bonus. McKinsey Global Institute. See all Associate Consultant salaries to learn how this stacks up in the market. McKinsey Quarterly. Average McKinsey & Company hourly pay ranges from approximately $14.80 per hour for Customer Service Representative to $22.36 per hour for Entry Level Customer Service Representative. The only exception would be if you were hired as an Expert. Commission Sharing, Tips have not been reported for this role The typical McKinsey & Company Associate Consultant salary is $151,918. Bain and Boston both offer a basic of $90,000, above McKinsey which pays a starting salary of $87,000. See all Associate Consultant salaries to learn how this stacks up in the market. Bain Associate Consultants in the US can make up to $122,500 each year, with $90,000 from base salary, $22,500 from bonuses, and $10,000 from shared profits. Glassdoor will not work properly unless browser cookie support is enabled. … Total Salary: $113,500 MBA associates receive about $145,000 as a base salary, with a performance bonus of $31,900. In other developed countries, the salary fluctuates between $170,000 to $200,000, while in developing nations, the number is roughly $80,000 to $100,000 (profit sharing not included). See how much a Associate Principal makes at McKinsey in . 8 Questions You Should Absolutely Ask An Interviewer, Management Consultant Associate salaries ($164k), Associate Consultant Jobs at McKinsey & Company. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. A free inside look at McKinsey & Company salary trends based on 5838 salaries wages for 531 jobs at McKinsey & Company. Newly-employed postgrads at MBB firms earn more than at the Big Four. McKinsey fosters innovation driven by analytics, design thinking, mobile and social by developing new products/services and integrating them into our client work. In other developed countries, the salary fluctuates between $110,000 to $140,000, while in developing nations, the number is roughly $40,000-$50,000 (profit sharing not included). This estimate is based upon 31 McKinsey & Company Associate Consultant salary report(s) provided by employees or estimated based upon statistical methods. This estimate is based upon 7 McKinsey & Company Associate salary report(s) provided by employees or estimated based upon statistical methods. At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Salaries and bonuses for Masters and undergraduate hires at top consulting firms. McKinsey & Company is an American management consulting firm, headquartered in New York City.It is a member of the Big 3 consulting firms, with the Boston Consulting Group and Bain & Co. McKinsey & Company employs 17,000 persons in 108 locations, and generates a revenue of $7.8 billion. Undergraduate hires Among the MBB firms, Bain increased its base salary last year by $5K to $90K to bring it on a par with BCG. Associate Partner salaries at McKinsey & Company can range from $180,000 - $350,000. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors." This estimate is based upon 250 McKinsey & Company Associate salary report (s) provided by employees or estimated based upon statistical methods. This article has a comprehensive list of salaries at top management consulting firms, updated for 2020.... Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. McKinsey Analyst Salary in 7 countries – 2016 – in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data; one-time/irregular payments such as signing bonus and relocation are not included). The typical McKinsey & Company Associate salary is $162,978. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up … Are you paid fairly? The typical McKinsey & Company Associate Partner salary is $222,364. Engagement managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. “Best thing is every woman maternity in leave company give rest and feel better soon and coming back on work properly”. Associate salaries at McKinsey & Company can range from $142,600 - $196,422. Salaries posted anonymously by McKinsey & Company employees. Join 60,000+ on the #1 consulting prep channel! The typical McKinsey & Company Associate salary is $156,000. McKinsey Analyst Salary (Undergraduate/Entry-Level) McKinsey salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Salaries posted anonymously by McKinsey & Company employees in Canada. As a consultant, you will work closely with senior client executives and McKinsey colleagues in the most entrepreneurial environments, and help to develop sector-shaping and nation-transforming programs. 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