Why are McKinsey salaries so low in London compared to New York? Given the global P&L of the firm, shouldn't the hourly rates of consultants be the same in both markets, which should mean that consultants should be paid the same?
Thank you. But how come this pay 'methodology' doesn't apply to countries like the UAE. I've heard that MBB+ consultants in Dubai get paid the US equivalent of salaries for each job role.