Hi all,
I would like to know if salary for an entry level role (post undergrad) is negotiable and if so, how to best negotiate
thanks
(edited)
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Salary negotiation
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Hi Anonymous,
At McKinsey salary for non-experienced hires is not negotiable, and even afterwards very limited (mostly it's around sign-up bonus, relocation assistance, ..) - and I believe it's the same for all MBB.
Hope this helps - if so, please give it a thumbs-up with the green upvote button below!
Robert
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Read the book "Never Split the Difference by Chris Voss". It will prepare you for future negotiations :). Take what you get now at this stage, but you will be ready in time to sit in that negotiation.
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Hi there,
While it does depend on the company/role (i.e. MBB not negotiable), you don't have much leverage! You may be able to negotiate on you sign-on bonus, but be reasonable in your request and make sure you do genuinely have other options!
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Salaries at MBB are typically not negotiable - it's a standardized role description with a standardized compensation. Sometimes it's possible to start with a slightly more senior tenure (coming with higher salary) if you have significant prior work experience. If not, you got to take what they offer.
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It's hard to generalise as there are many consultancies out there but typically no for the base salary. I have seen exceptions being made with the sign-on bonus for candidates that have competiting consulting offers that pay more. If this is the case, it's worth sharing the facts with the recruiter and see how they respond but I wouldn't necessarily negotiate.
Each firm has its own individual merits and beyond that, progression at consultancies is typically well structured and frequent enought that your starting salary shouldn't be a crucial deciding factor.
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Hi Anonymous,
Assuming that you applied for an entry-level role, the salary is not negotiable in your case. You will have to take their offer at this stage.
Negotiations would be more reasonable for experienced hires.
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GB
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