Hi All,
I have received a Mck offer and the HR said the only components of the package are:
- base offer
- yearly bonus
- pension scheme
I am surprised there is no signing bonus or relocation bonus. and can i negotiate?
P.S THIS is for an entry level position.
They said they don't negotiate for entry level so idk
Appreciate your advice.
Hi there,
Congratulations on the offer! In terms of your question:
Q: I am surprised there is no signing bonus or relocation bonus. And can I negotiate?
Normally you can negotiate the following with a consulting offer:
The signing bonus is not offered in every country. If they said they don’t offer it, I would not recommend trying to include it.
If you have costs due to relocation, you may ask if they might cover them as a relocation bonus, if not done already.
From what you shared, the level you will join is not something you can negotiate.
Overall, if not done already, you might ask if they might cover the relocation cost. Unless you have another offer you consider equivalent (meaning: you would be indifferent between that firm and McKinsey) with better terms, I don't see much space to negotiate the other terms.
Best,
Francesco
Congrats on the offer, first of all!
Not all offices offer signing or relocation bonuses. My office also didn't offer one (sad :( )
To validate it, reach out to some of the new joiners from the office and ask them about their own experience of negotiating for the offer. I'm certain they will confirm what HR said.
Since you're about to start soon in the Firm, sharing with you two articles that I wrote based on my learnings from my first years in consulting. Hope they help:
Best,
Cristian
Hi,
Indeed, no sign-in bonus for entry-level constulants at McK. Mostly comes down to supply & demand: they hire 1% (public figure) of applicants; they do not need sign-ons to attract good profiles.
Different story for post-MBA/ experienced hires though, as such profile a little more tricky to attract.
Best,
Is this a first year BA role?
Yes
Typically for a 1st year BA you do not get relocation or signing bonus, but every office sets its own policy. It will be challenging and in my opinion it is not recommended to negotiate on a standard offer.
Hi there,
Yes, for entry-level (no prior experience) you don't have much leverage. It is the ONE instance where I don't advise trying to negotiate.
Congrats on the offer though - well done!
Hey there,
First of all, congrats on the offer! :-)
That is usually true in terms of salary+bonus+perks!
Relocation should be paid for, however. Are you moving cities/countries to your new office?
Cheers,
Florian
Depends on the office.
But you can try your luck. My suggestion is to come up with a reason WHY YOU NEED that sign up bonus.
