Do McKinsey experienced associate hires receive the same sign-on bonus as post-MBA associate hires?

and Bain BCG McKinsey
Neue Antwort am 15. Mai 2020
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Anonym A fragte am 5. Mai 2020

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Clara
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antwortete am 6. Mai 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

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

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Ian
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bearbeitete eine Antwort am 7. Mai 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

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.

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Anonym antwortete am 6. Mai 2020

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

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Anonym antwortete am 5. Mai 2020

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.

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Vlad
Experte
antwortete am 6. Mai 2020
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

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

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Anonym B am 28. Mai 2020

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.

Anonym am 21. Dez. 2020

True

Luca
Experte
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antwortete am 6. Mai 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached

Hello,

Sign-on bonus for new hires depends on several factors like:

  • Previous position and salary
  • Experience in consultancy
  • Penalties to be paid to your previous company (e.g. lock-in after MBA)
  • Other offers received in the same period

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

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Udayan
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antwortete am 5. Mai 2020
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /6 years McKinsey recruiting experience

Typically yes. Obviously there are usual caveats such as each office's individual policy and what you can negotiate

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Anonym antwortete am 15. Mai 2020

Dear A ,

Yes. You're right. The bonus is the same, because you are graded equally on the same position.


Best,
André

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Clara

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McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
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