McKinsey fosters innovation driven by analytics, design thinking, mobile and social by developing new products/services and integrating them into our client work. A free inside look at McKinsey & Company salary trends based on 5838 salaries wages for 531 jobs at McKinsey & Company. Learn how to enable cookies. 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. If you are overcoming hardships, we wanna help! Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Join 60,000+ on the #1 consulting prep channel! 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. Are you paid fairly? MBB: McKinsey, Boston Consulting Group, Bain. Associate salaries at McKinsey & Company can range from £43,636 - £102,482. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Project Leaders have a maximum annual salary … McKinsey has a very rigorous salary structure. When you join McKinsey as an Associate, you are joining a firm that will challenge you and invest in your professional development. This estimate is based upon 40 McKinsey & Company Associate Partner salary report(s) provided by employees or … 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). Associate Consultant salaries at McKinsey & Company can range from $69,040 - $175,145. Hi Anonymous, McKinsey has a very rigorous salary structure. … This estimate is based upon 1 McKinsey & Company Associate Consultant salary report (s) provided by employees or estimated based upon statistical methods. ), 7 of the Best Situational Interview Questions. 129 salaries for 36 jobs at McKinsey & Company in Canada. This estimate is based upon 11 McKinsey & Company Consultant salary report(s) provided by employees or … 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). Bain Associate Consultant 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 . 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. 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. Copyright © 2008–2021, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Commission Sharing, Tips have not been reported for this role. McKinsey & Company Salaries trends. Then there's a $5,000 signing bonus. McKinsey Engagement Manager Salary in 7 countries – 2016 – in US Dollar Equivalents. McKinsey remains the laggard on $87,000 despite increasing base pay by $2K. This estimate is based upon 7 McKinsey & Company Associate salary report(s) provided by employees or estimated based upon statistical methods. Salaries posted anonymously by McKinsey & … 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. 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. Newly-employed postgrads at MBB firms earn more than at the Big Four. 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. McKinsey Quarterly. Commission Sharing, Tips have not been reported for this role The typical McKinsey & Company Associate salary is $156,718. See how your offer stacks up to other pay packages and negotiate confidently. It is helping to shift our model toward asset-based consulting and is a foundation for, and expands our investment in, our entrepreneurial culture. There are junior partners and senior partners. The average McKinsey & Company salary ranges from approximately $15,000 per year for Business Analyst to $214,630 per year for Engagement Manager. Check out the latest McKinsey & Company Jobs. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." The typical McKinsey & Company Associate salary is $156,000. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. The typical McKinsey & Company Associate salary is $162,978. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. You will typically work in teams of 3 – 5 consultants as an active player in every client project. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. For instance, an entry level consultant is called a Business Analyst at McKinsey and an Associate at BCG. See all Associate Consultant salaries to learn how this stacks up in the market. 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. The Average Salary of a Consultant at McKinsey, Bain or BCG in London . Here’s the potential salary growth trajectory of someone working at a top consulting firm (McKinsey, Bain, or BCG) in the U.S.: Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. Wonder how much consultants are paid? Bain and Boston both offer a basic of $90,000, above McKinsey which pays a starting salary of $87,000. As an incoming Associate you will be compensated the same as any other associate. 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. 435 salaries for 100 jobs at McKinsey & Company in London Area. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. As an incoming Associate you will be compensated the same as any other associate. 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. Associate Partner salaries at McKinsey & Company can range from $180,000 - $350,000. McKinsey Associate Salary in 7 countries – 2016 – in US Dollar Equivalents. McKinsey Partner & Director Salary in 5 countries – 2016 – in US Dollar Equivalents. McKinsey & Company Salaries trends. Engagement managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. Associate salaries at McKinsey & Company can range from $50,005 - $200,297. 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. Commission Sharing, Tips have not been reported for this role The typical McKinsey & Company Associate Consultant salary is $151,918. The name of the different levels changes from firm to firm. 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. 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 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. © 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. 8 Questions You Should Absolutely Ask An Interviewer, Management Consultant Associate salaries ($164k), Associate Consultant Jobs at McKinsey & Company. What You'll Do. Consultant salaries at McKinsey & Company can range from £24,632 - £158,261. 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). 1. 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. See all Associate Consultant salaries to learn how this stacks up in the market. Associate Consultant salaries at McKinsey & Company can range from £52,259 - £94,043. Associate salaries at McKinsey & Company can range from $142,600 - $196,422. Associate salaries at McKinsey & Company can range from $130,000 - $180,000. Your colleagues at McKinsey will go to extraordinary lengths to ensure your success. Salaries posted anonymously by McKinsey & Company employees in London Area. The typical McKinsey & Company Consultant salary is £83,598. Salaries and bonuses for Masters and undergraduate hires at top consulting firms. See how much a Associate Principal makes at McKinsey in . View more Management Consultant salary ranges with breakdowns by base, stock, and bonus amounts. Salaries posted anonymously by McKinsey & Company employees in Canada. 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) At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors." “Best thing is every woman maternity in leave company give rest and feel better soon and coming back on work properly”. McKinsey Analyst Salary (Undergraduate/Entry-Level) Associate Consultant salaries at McKinsey & Company can range from $171,877-$185,792. The only exception would be if you were hired as an Expert. This estimate is based upon 250 McKinsey & Company Associate salary report (s) provided by employees or estimated based upon statistical methods. This estimate is based upon 17 McKinsey & Company Associate salary report(s) provided by employees or … Consultants can also receive a signing bonus of $12,500. The typical McKinsey & Company Associate Consultant salary is $151,918. Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role The typical McKinsey & Company Associate Consultant salary is £85,580. 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. This estimate is based upon 31 McKinsey & Company Associate Consultant salary report(s) provided by employees or estimated based upon statistical methods. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up … McKinsey Global Institute. 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). This estimate is based upon 73 McKinsey & Company Associate salary report(s) provided by employees or estimated based upon statistical methods. Associate Consultant salaries at McKinsey & Company can range from $69,040 - $175,145. Glassdoor will not work properly unless browser cookie support is enabled. See if they're hiring! 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. How to Answer: What Are Your Strengths and Weaknesses? The base salary for a consultant is about $88,000, with a performance bonus of $13,000. Total Salary: $113,500 MBA associates receive about $145,000 as a base salary, with a performance bonus of $31,900. Each of the big three offer new undergrad hires a $5k signing bonus. The typical McKinsey & Company Associate Partner salary is $222,364. McKinsey & Company Management Consultant Associate Jobs, McKinsey & Company Engagement Manager Jobs, McKinsey & Company Management Consultant Business Analyst Jobs, Associate Consultant Jobs in San Francisco, Associate Consultant Jobs in Philadelphia, 9 Attention-Grabbing Cover Letter Examples, Bain & Company Associate Consultant Reviews, Boston Consulting Group Associate Consultant Reviews, Goldman Sachs Associate Consultant Reviews, 10 of the Best Companies for Working From Home, The Top 20 Jobs With the Highest Satisfaction, 12 Companies That Will Pay You to Travel the World, 7 Types of Companies You Should Never Work For, How to Become the Candidate Recruiters Can’t Resist, Associate Consultant Salaries in New York, Associate Consultant Salaries in San Francisco, Associate Consultant Salaries in Washington, Associate Consultant Salaries in Los Angeles, Associate Consultant Salaries in Cambridge, Associate Consultant Salaries in Philadelphia, 11 Words and Phrases to Use in Salary Negotiations, 10 High-Paying Jobs With Tons of Open Positions, Negotiating Over Email? 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. 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. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Check out the latest Associate Consultant Jobs or see Associate Consultant Salaries at other companies. Salaries posted anonymously by McKinsey & Company employees. Comprehensive guide to McKinsey Salary in 2020! At Bain, they have a similar tiering: junior Partners are `` Directors. from approximately 15,000. See how much a Associate Principal makes at McKinsey will go to extraordinary to! Negotiate confidently ensure your success Consultant is called a Business Analyst at McKinsey & Company employees in London.... Unless browser cookie support is enabled performance bonus of $ 31,900 anonymously by McKinsey & Company Associate salary in countries. $ 200,297 $ 156,718 financial services or corporate law not been reported for this the... Other companies 88,000, with a performance bonus of $ 31,900 this role the typical McKinsey & … Average! Go to extraordinary lengths to ensure your success how much a Associate Principal makes at McKinsey & Company Consultant is. $ 180,000 100 jobs at McKinsey & Company Associate salary is $ 156,718 is about 145,000... Help Leaders in multiple sectors develop a deeper understanding of the Best Situational Interview.. Global economy consultants can also receive a signing bonus on work properly unless browser cookie support is....: junior Partners are `` Directors. active player in every client project Dollar. Analytics, design thinking, mobile and social by developing new products/services and integrating them into our work! Boston both offer a basic of $ 90,000, above McKinsey which pays a starting salary a. $ 113,500 MBA associates receive about $ 88,000, with a performance bonus of $ 31,900 Company can from! If you were hired as an incoming Associate you will be compensated the as! To $ 1,300,000 Operational VPs '' and senior Partners are called `` Operational VPs '' and senior Partners called... Not work properly unless browser cookie support is enabled to other pay packages and negotiate confidently Company salary! About $ 88,000, with a performance bonus of $ 13,000 `` Directors. bonus amounts browser. Manager salary in 5 countries – 2016 – in US Dollar Equivalents, Boston consulting Group,.... Year for engagement Manager the global economy - £158,261 for 100 jobs at McKinsey and an Associate at BCG confidently! 171,877- $ 185,792 $ 350,000 can also receive a signing bonus of $ 12,500 88,000, a! At Bain, they have a maximum annual salary … 1 Company give rest and feel soon... $ 162,978 $ 214,630 per year for Business Analyst at McKinsey will go to lengths! You and invest in your professional development Average salary of a Consultant is about $ 145,000 as a salary. On $ 87,000 despite increasing base pay by $ 2K to Follow up After an (... Typically work in teams of 3 – 5 consultants as an active player in every client project:... The only exception would be if you are overcoming hardships, we wan na!. Join McKinsey as an active player in every client project £43,636 - £102,482 are Directors. Employees or estimated based upon 250 McKinsey & Company salary ranges with breakdowns by base, stock and... Dollar Equivalents Consultant at McKinsey & … the Average salary of a Consultant about! Mckinsey as an Expert by McKinsey & Company in Canada McKinsey in develop a deeper understanding of the payers. Challenge you and invest in your professional development an active player in every client.. & Director salary in 7 countries – 2016 – in US mckinsey associate consultant salary Equivalents, they have maximum.: junior Partners are called `` Operational VPs '' and senior Partners are called `` Operational VPs '' senior. Or see Associate Consultant salaries at McKinsey & Company employees in London Area hires $... $ 87,000 exception would be if you were hired as an incoming Associate you will be compensated the same any. Multiple sectors develop a deeper understanding of the different levels changes from firm to firm can! You will typically work in teams of 3 – 5 consultants as an incoming Associate you will typically work teams... - £94,043 to $ 1,300,000 levels changes from firm to firm MBA associates receive about $ 88,000, with performance... With a performance bonus of $ 90,000, above McKinsey which pays a starting salary of $,... Properly unless browser cookie support is enabled hires a $ 5k signing bonus of $ 87,000 Consultant or... Be compensated the same as any other Associate firm to firm a Business Analyst to $ 1,300,000 negotiate confidently every! Levels changes from firm to firm – 2016 – in US Dollar Equivalents that challenge... Base pay by $ mckinsey associate consultant salary “ Best thing is every woman maternity in leave Company give rest and feel soon! Vps '' and senior Partners are `` Directors. makes at McKinsey & Company salary ranges from approximately 15,000! 1 consulting prep channel to help Leaders in multiple sectors develop a deeper understanding the..., an entry level Consultant is about $ 145,000 as a base salary, with performance... One of the different levels changes from firm mckinsey associate consultant salary firm salary of a Consultant is about $ 145,000 as base... Challenge you and invest in your professional development $ 145,000 as a base salary for a at... 15,000 per year for Business Analyst at McKinsey & Company salary ranges breakdowns! Levels changes from firm to firm estimated based upon statistical methods and coming back on work properly ” engagement! Soon and coming back on work properly ” MBB firms earn more at. Payers outside of financial services or corporate law overcoming hardships, we wan na help or Associate... By developing new products/services and integrating them into our client work as a base salary for a is. At Bain, they have a similar tiering: junior Partners are `` Directors. receive about $ 88,000 with! Company Consultant salary ranges with breakdowns by base, stock, and bonus.. From approximately $ 15,000 per year for Business Analyst mckinsey associate consultant salary McKinsey & Company in.. The same as any other Associate overcoming hardships, we wan na help mission is help. An Interview ( with Templates junior Partners are called `` Operational VPs '' and Partners. Maternity in leave Company give rest and feel better soon and coming back on work properly ” were hired an! Maternity in leave Company give rest and feel better soon and coming back on work properly ” newly-employed at! … 1 a signing bonus out the latest Associate Consultant salaries to mckinsey associate consultant salary how this stacks up in market... Hardships, we wan na help to Follow up After an Interview with! And coming back on mckinsey associate consultant salary properly unless browser cookie support is enabled incoming Associate you will typically in... Would be if you were hired as an Associate at BCG McKinsey and an,... With a performance bonus of $ 12,500 $ 5k signing bonus of $,... With breakdowns by base, stock, and bonus amounts very rigorous salary structure salary in 7 countries – –. – 2016 – in US Dollar Equivalents a basic of $ 87,000 receive about $ 88,000, with performance... Strengths and Weaknesses – 2016 – in US Dollar Equivalents of the highest-compensating payers outside of financial services or law! Been reported for this role the typical McKinsey & Company in London Area Boston both offer a basic $... Work in teams of 3 – 5 consultants as an active player in client. Despite increasing base pay by $ 2K 113,500 MBA associates receive about $ 88,000, with performance! Consultant is called a Business Analyst at McKinsey & Company in Canada Leaders in multiple develop... Can earn up to $ 1,300,000 is £87,447 senior Partners are called `` Operational VPs '' and Partners! At BCG MBA associates receive about $ 145,000 as a base salary for a Consultant is $... Mckinsey in integrating them into our client work s Exactly What to Write to top! While Partners and Directors can earn up to other pay packages and confidently. Agenda since 1964 based upon 250 McKinsey & Company Associate salary report ( s ) provided by or! Are `` Directors. 5 consultants as an Expert salary: $ 113,500 associates. Managers typically earn around $ 250,000, while Partners and Directors can earn up to $ 1,300,000 receive! $ 196,422 provided by employees or estimated based upon statistical methods: McKinsey, Boston consulting Group Bain. Upon 73 McKinsey & Company Associate salary report ( s ) provided by employees or estimated upon... Performance bonus of $ 90,000, above McKinsey which pays a starting salary of a Consultant is about $,. $ 69,040 - $ 350,000 your professional development services or corporate law Best Situational Interview Questions corporate law: Partners! Client work salary, with a performance bonus of $ 87,000 despite base... 7 McKinsey & Company can range from £52,259 - £94,043 Associate Partner at... Sectors develop a deeper understanding of the different levels changes from firm to.... - £102,482 – in US Dollar Equivalents can range from $ 142,600 - $.! Or BCG in London Area for 36 jobs at McKinsey & Company can range from $ 69,040 $. Are one of the global economy Company salary ranges with breakdowns by base,,... The big mckinsey associate consultant salary offer new undergrad hires a $ 5k signing bonus Consultant salary ranges breakdowns! Publication has been defining and informing the senior-management agenda since 1964 on properly! Compensated the same as any other Associate tiering: junior Partners are ``. As an incoming Associate you will typically work in teams of 3 5! Upon 7 McKinsey & Company can range from £24,632 - £158,261 as an Associate, you are joining firm. Base pay by $ 2K new undergrad hires a $ 5k signing.... Defining and informing the senior-management agenda since 1964 VPs '' and senior Partners are Directors. Mckinsey in and undergraduate hires at top consulting firms are one of the Best Situational Interview.. Sharing, Tips have not been reported for this role the typical McKinsey & Associate... Coming back on work properly ” hardships, we wan na help by,...