McKinsey Salary - Canada

Experienced Hire Toronto
New answer on Sep 10, 2020
5 Answers
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Yevgeni asked on Aug 31, 2020

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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Sidi
Expert
replied on Aug 31, 2020
McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 350+ candidates secure MBB offers

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

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Antonello
Expert
Content Creator
replied on Sep 10, 2020
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching

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

Best,
Antonello

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Anonymous A replied on Sep 02, 2020

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!

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Luca
Expert
Content Creator
replied on Sep 02, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached

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

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Ian
Expert
Content Creator
replied on Sep 01, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

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.

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Sidi gave the best answer

Sidi

McKinsey Senior EM & BCG Consultant | Interviewer at McK & BCG for 7 years | Coached 350+ candidates secure MBB offers
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