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Salary Increase for newcomers?

Hello everyone,

I recently saw in the news that there will be a salary increase for the MBB. I have signed my offer letter but will be starting in January and have not signed the employment contract. I'm wondering if anyone has any idea if the salary increase should include everyone or just newcomers? 

Asking for anyone who maybe has had and heard about how this works?

Thanks!

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Beste Antwort
am 29. Aug. 2022
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success: ➡ interviewoffers.com | Ex BCG | 10Y+ Coaching

Hi there,

Congratulations on the MBB offer! In terms of your question:

Q: I'm wondering if anyone has any idea if the salary increase should include everyone or just newcomers? 

Most likely this will apply to everyone. If not, they would have people with almost the same seniority and different salary which would not be good for the morale of those with lower salary.

Best,

Francesco

am 29. Aug. 2022
#1 Rated McKinsey Coach | Top MBB Coach | Verifiable success rates

Hi there, 

The salary increase will apply to existing employees and new joiners. There won't be different salary bands for the same role in the same office. 

Best,

Cristian

Ian
Coach
am 28. Aug. 2022
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

My guess is that the salary increase will apply to existing employees (MBB is quite serious about equal base salary pay).

That said, it's possible they will not…regardless, you'll find out soon enough! If you really want, you can email them to inquire.

Gelöschter Nutzer
am 30. Aug. 2022

Hello,

My guess is that it will apply to everyone - as others have pointed out, MBB offices have new hires at the same office + role starting out a the same rate, so whether you signed the contract already or not shouldn't make a difference.

7
Pedro
Coach
am 29. Aug. 2022
Bain | EY-Parthenon | Former Principal | 1.5h session | 30% discount 1st session

It is likely to include everyone, as they usually pay the same to everyone at the same level. 

Anonym B
am 30. Aug. 2022
Unfortunately this is not true and I am surprised to see everyone thinking that. I have various examples of unequal pay for same levels.
Pedro
Coach
am 30. Aug. 2022
Bain | EY-Parthenon | Former Principal | 1.5h session | 30% discount 1st session
Can you please detail your answer? What are the differences based on?
Anonym B
am 30. Aug. 2022
Based on what you earn in your previous job. :)
Have received offers from 5 top consulting firms not MCK but BCG and Roland etc.
I was asked to submit pay slips and know friends who were paid more/less than me for same level in same designation many times.
Anonym
am 30. Aug. 2022
I feel you guys were working in these firms at good old days of equal pay. Now the situation has changed very much. I believe companies are different in different region. There is a culture they pick from the region itself no matter how global they are.
Pedro
Coach
am 31. Aug. 2022
Bain | EY-Parthenon | Former Principal | 1.5h session | 30% discount 1st session
I guess that may happen at a particular office but it is not supposed to be the regular practice. I’ve seen differentiation in signup bonus - never in base pay.
Clara
Coach
am 31. Aug. 2022
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

If in the US, that increase should be already reflected in the offer that you were given, assuming this has happened in the last weeks. 

For instance, the offers that had been signed following internships in the Fall were modified this Spring, even after being signed, this is why I think in yours the change should be already ther

Cheers, 

Clara

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