(editiert)
Not true. I interviewed for McK as an exp hire and the sign-on bonus was substantial. Recruitment told me it was same for everyone at that level regardless of the candidate source.
(editiert)
Hello!
Don´t agree with most of the answers.
For instance in McK, it´s pretty standarized by country.
Associates have a clear job description, carreer progression and salary. And this does not get negotiated. I am 100% sure of this.
Could be that in upper levels some negotiation goes on, sure. But no at the associate level.
Cheers,
Clara
Generally MBA hire defaults to a higher initial bonus offer, but you can always negotiate.
For example, if the office is offering a lower $ amount than is industry standard, you can flag this. Or, if you're coming from a company where you'll be giving up stock/401k match vesting, losing a bonus, or have to move home, you can ask if they can provide equivalent compensation.
(editiert)
Hi there,
You can always try to negotiate. No harm in asking.
Even if you don't get the same, I don't think this would impact your decision much, right? At the end of day, it is a small amount compared to all the future upsides (incl exit options) you can get from being McK consultant.
Best,
Emily
I'd say it's all about negotiations and the strength of your negotiation position. A friend of mine has got an offer as an experienced associate. He was moving from a competing firm in the industry that was in demand at McKinsey at that point of time. So, he got very modest sign-on in the offer, but managed to multiply in by 3 during negotiations.
Hi,
There is no bonus for experienced hires by default. For example, if you are +1 year from post MBA, chances are high you'll not get one. However, you can always negotiate that part. It'll be easier if you have some relevant expertise (e.g. Digital)
Best
Not true. I interviewed for McK as an exp hire and the sign-on bonus was substantial. Recruitment told me it was same for everyone at that level regardless of the candidate source.
True
Hello,
Sign-on bonus for new hires depends on several factors like:
This is not something clear and structured as the standard salary that you will get, but it is more like a real negotiation (and depends also on your negotiation skills :) ).
Regarding your specific question, I would say that a post MBA has more "negotiation power" than an experienced hire, so he will be usually take an higher sign-on bonus (especially if there are lock-in agreements with previous companies).
Best,
Luca
Typically yes. Obviously there are usual caveats such as each office's individual policy and what you can negotiate
Dear A ,
Yes. You're right. The bonus is the same, because you are graded equally on the same position.
Best,
André