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Sidi

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5

McKinsey Salary - Canada

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

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

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Best Answer
Book a coaching with Sidi

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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

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

Book a coaching with Antonello

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

Best,
Antonello

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

Best,
Antonello

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!

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!

Book a coaching with Luca

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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

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

Book a coaching with Ian

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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.

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.