Hi all,
I would like to know if salary for an entry level role (post undergrad) is negotiable and if so, how to best negotiate
thanks
Hi Anonymous,
At McKinsey salary for non-experienced hires is not negotiable, and even afterwards very limited (mostly it's around sign-up bonus, relocation assistance, ..) - and I believe it's the same for all MBB.
Hope this helps - if so, please give it a thumbs-up with the green upvote button below!
Robert
Read the book "Never Split the Difference by Chris Voss". It will prepare you for future negotiations :). Take what you get now at this stage, but you will be ready in time to sit in that negotiation.
Hi there,
While it does depend on the company/role (i.e. MBB not negotiable), you don't have much leverage! You may be able to negotiate on you sign-on bonus, but be reasonable in your request and make sure you do genuinely have other options!
Salaries at MBB are typically not negotiable - it's a standardized role description with a standardized compensation. Sometimes it's possible to start with a slightly more senior tenure (coming with higher salary) if you have significant prior work experience. If not, you got to take what they offer.
It's hard to generalise as there are many consultancies out there but typically no for the base salary. I have seen exceptions being made with the sign-on bonus for candidates that have competiting consulting offers that pay more. If this is the case, it's worth sharing the facts with the recruiter and see how they respond but I wouldn't necessarily negotiate.
Each firm has its own individual merits and beyond that, progression at consultancies is typically well structured and frequent enought that your starting salary shouldn't be a crucial deciding factor.
Hi Anonymous,
Assuming that you applied for an entry-level role, the salary is not negotiable in your case. You will have to take their offer at this stage.
Negotiations would be more reasonable for experienced hires.
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