I am current interviewing with McKinsey as an experienced hire for an Associate position within their Digital/Sales & Marketing group. I have made it through the first rounds and my first on-site is coming up in a few days. I have had several conversations with the Senior Recruiter I've been working with but we haven't discussed compensation yet. Is this typical? I'm not overly concerned but wanted to know from others' experienced at what stage this came up. Thanks!
McKinsey Experienced Hire - Question re: Salary discussions with Recruiter?
This is very typical.
Consultancy firms have very standardized salary and bonus structures with a clear structure of specific salary for each level. There is limited room for negotiation especially at the junior / manager level.
However, as experienced hire you can negotiate your entry point i.e. depending on your experience you might join as somebody that is Associate Level 2 rather than Associate Level 1, which would then give you higher salary then a newly joined/promoted associate.
My advice would be to focus on the interviews and convince them that you are the best candidate. Only discuss entry point / salary after they have made the decision that they want to hire you!
The salary at the Associate level is standard and normally you don't discuss it with the recruiter
In my experience, salary will not be open to discussion as it is companywide standard whereas you may have a little window to discuss signing bonus.