McKinsey Salary - Canada

Question

Hello,

Can anyone share some ballpark numbers for an associate salary range in Toronto?

I am applying as an experience hire, and while the numbers for the USA are semi-public, I can't find much information regarding Canada. I assume that the salary is different between USA and Canada.

Appreciate any insights you might have

Answer 1

Hi!

Below Senior Partner level, the Firm roughly pro-rates its salary levels across countries according to aggregate cost of living data. So if you have the US data, you can easily infer a ballpark number for Canada after researching cost of living data at PPP.

Cheers, Sidi

Answer 2

Hi Yevgeni,

I received an associate offer yesterday. The numbers I recieved are much higher than the answers you've gotten so far or than the cost of living would suggest.

Specifically, the base was 15% over commonly reported US numbers from 2020, in CAD of course. The signing bonus is the same as the US as is the performance max, but the retirement contribution is a % of your salary - half of the max contribution in Canada.

Hope this helps!

Answer 3

Hi Yevgeni, I know Canadian salaries are comparable with US offices

Best,
Antonello

Answer 4

Hi Yevgeni,

Lucky for you I have seen those figures around recently :) (Take with a grain of salt of course).

My understanding for a Senior Associate role at McKinsey Canada is:

Base: 120k CAD

Performance Bonus: 40k CAD

Signing Bonus: 25k CAD

Annual Total Comp: 160k CAD

US generally pays about 25k more USD base and 5k less in signing bonus.

Of course, this could vary based on your background, negotiations, etc.

Answer 5

Hello,

Other experts have already answered, but next time try to take a look at Glassdoor, it is quite useful to find information like this.

Best,
Luca

Answer 6

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