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Mckinsey Signing Bonus Negotiation

contract Final Round MBB McKinsey
Most recent answer on Jul 28, 2023
The best answer (on Jul 27, 2023) is from:
Francesco
Expert
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
gave the best answer on Jul 27, 2023
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Hi there, Congratulations on the offer! In terms of your question: Q: The signing bonus is approximately 10% of my base salary. Do you think there is room for negotiation or will that put me in bad position? Do you thin ... (read entire answer)
8
Answers
1.6 k
Views
81
Total Upvotes
on Jul 28, 2023 on Jul 28, 2023
Last Activity

How to include time off in a consulting proposal

Consultant Work Hours contract negotiation revenue model revenue per consultant vacation work life balance working hours worklifebalance workload
Most recent answer on Dec 20, 2022
The best answer (on Dec 15, 2022) is from:
Hagen
Expert
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hagen
Expert
gave the best answer on Dec 15, 2022
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hi Caitlin, I am happy to provide my perspective on it: One approach that is commonly used in the consulting industry is to structure engagements as multi-month contracts, with a pre-determined number of hours per month ... (read entire answer)
3
Answers
1.0 k
Views
29
Total Upvotes
on Dec 20, 2022 on Dec 20, 2022
Last Activity

Contract questions

BCG Bain McKinsey contract MBB
Most recent answer on Jan 31, 2022
The best answer (on Jan 31, 2022) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
gave the best answer on Jan 31, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Haha congrats to you indeed! 1. Yes this is pretty standard in my experience, but don't worry about it (and there's nothing you can change). The coaches who say this isn't common are speaking to experiences in a differe ... (read entire answer)
4
Answers
932
Views
46
Total Upvotes
on Jan 31, 2022 on Jan 31, 2022
Last Activity

Backing out of initial job agreement?

contract Job interview Job offer London UK
Question edited on Nov 01, 2021
The best answer (on Nov 01, 2021) is from:
Pedro
Expert
Bain | EY-Parthenon | Roland Berger | Market Sizing | 30% off in March 2024
Pedro
Expert
gave the best answer on Nov 01, 2021
Bain | EY-Parthenon | Roland Berger | Market Sizing | 30% off in March 2024
I don't think this is the best way to proceed, as it burns bridges (and can also create a bad reputation). You should instead ask for a bit more time so you can make a fully conscious decision. If they don't give you th ... (read entire answer)
2
Answers
700
Views
12
Total Upvotes
on Nov 01, 2021 on Nov 01, 2021
Last Activity

Job offer, Bain vs Kearney

A.T. Kearney Bain BCG coach contract Job offer Mck Middle East offer salary
Most recent answer on Feb 19, 2021
The best answer (on Feb 18, 2021) is from:
Jasper
Expert
Expert Financial Services | ex-FinTech Unicorn Manager | 250+ real interviews | 14y+ int work exp | ESCP Business School
Jasper
Expert
gave the best answer on Feb 18, 2021
Expert Financial Services | ex-FinTech Unicorn Manager | 250+ real interviews | 14y+ int work exp | ESCP Business School
Hi A, I agree with Guarav and Adi. Besides this a simple advice: The more junior you are, the less you should now look on the salary - it's important to make the right choice for you and - this is a little bit the ug ... (read entire answer)
9
Answers
4.1 k
Views
85
Total Upvotes
on Feb 19, 2021 on Feb 19, 2021
Last Activity

Job Transition to Consulting - legal perspective

contract transition
Most recent answer on Jan 18, 2021
The best answer (on Jan 15, 2021) is from:
Vlad
Expert
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Vlad
Expert
gave the best answer on Jan 15, 2021
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi, Not legal advice, but rather observation: 1. Consulting companies check if there is a non-compete on their end before sending an offer. You should be safe on that side. Moreover, it's a different country 2. An ... (read entire answer)
7
Answers
765
Views
76
Total Upvotes
on Jan 18, 2021 on Jan 18, 2021
Last Activity

Contract Termination

contract MBB
Most recent answer on Apr 30, 2020
Anonymous gave the best answer on Apr 30, 2020
Hi A, how did your situation and considerations changed due to Covid? Best, André
5
Answers
1.9 k
Views
2
Total Upvotes
on Apr 30, 2020 on Apr 30, 2020
Last Activity

Non-competition clause

clause competition contract legal offer
Most recent answer on Apr 05, 2020
The best answer (on Mar 21, 2020) is from:
Daniel
Expert
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Daniel
Expert
gave the best answer on Mar 21, 2020
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Hi! I personally didn't have such a clause in my contract (McKinsey Germany), but as far as I know for other regions of the world it's a pretty standard practice, so doesn't surprise me at all. Best, Daniel
9
Answers
4.2 k
Views
15
Total Upvotes
on Apr 05, 2020 on Apr 05, 2020
Last Activity

MBB offer structure

consulting contract offer offerstructure
Most recent answer on Jan 21, 2020
The best answer (on Jan 20, 2020) is from:
Daniel
Expert
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Daniel
Expert
gave the best answer on Jan 20, 2020
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
in McKinsey Germany it's 10-25% and depends on your performance in the last review cycle of the year (October-November)
5
Answers
1.9 k
Views
4
Total Upvotes
on Jan 21, 2020 on Jan 21, 2020
Last Activity

Bonus entry level roles consulting

bonus compensation contract Job offer Offer Letter performance-bonus
Most recent answer on Dec 28, 2019
The best answer (on Dec 28, 2019) is from:
Antonello
Expert
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Antonello
Expert
gave the best answer on Dec 28, 2019
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Hi, first of all congratulations for the offer :) Have you got a 3/6-month contract or the full standard one? In the former case, bonuses are never included. Not every firm has bonuses for entry-level consultants (e.g. ... (read entire answer)
3
Answers
2.4 k
Views
1
Total Upvotes
on Dec 28, 2019 on Dec 28, 2019
Last Activity

Arbeitsvertrag unterschreiben und vor Antritt widerrufen?

contract deadline offer
Most recent answer on Nov 26, 2019
The best answer (on Nov 26, 2019) is from:
Daniel
Expert
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Daniel
Expert
gave the best answer on Nov 26, 2019
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Hi! Höchstwahrscheinlich wird es keine rechtliche Konseqeunzen geben. Das ist ja nur ein Instrument für die Beratungen ein bisschen Druck aufzubauen. Aber am Besten einen Anwalt fragen, hol dir eine arbeitsrechtliche Be ... (read entire answer)
1
Answer
1.8 k
Views
1
Total Upvotes
on Nov 26, 2019 on Nov 26, 2019
Last Activity

ATK offer received but awaiting BCG outcome - how to stall?

A.T. Kearney AT Kearney ATKearney BCG Boston Consulting Group contract offer The Boston Consulting Group
Recent activity on Dec 05, 2018
The best answer (on Dec 04, 2018) is from:
Vlad
Expert
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Vlad
Expert
gave the best answer on Dec 04, 2018
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi, Several recommendations: Ask the company how much time you have to consider the offer. Note that It's important to demonstrate the commitment. Ask the other company to expedite the process Try to postpone ... (read entire answer)
2
Answers
2.5 k
Views
4
Total Upvotes
on Dec 05, 2018 on Dec 05, 2018
Last Activity

competition clause

contract MBB
Recent activity on Oct 30, 2018
The best answer (on Oct 29, 2018) is from:
Benjamin
Expert
ex-Manager - Natural and challenging teacher - Taylor case solving, no framework
Benjamin
Expert
gave the best answer on Oct 29, 2018
ex-Manager - Natural and challenging teacher - Taylor case solving, no framework
Hi, Unless you are a very specific and expert profile, your contract is absolutely standard. So not so open to negotition on that dimension. In the end just relax about it : - This clause is never applyed, and if it ... (read entire answer)
4
Answers
2.4 k
Views
10
Total Upvotes
on Oct 30, 2018 on Oct 30, 2018
Last Activity

offer for consulting position runs out before further interviews

contract Time limit time to sign the offer
Recent activity on Aug 01, 2018
The best answer (on Aug 01, 2018) is from:
Vlad
Expert
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Vlad
Expert
gave the best answer on Aug 01, 2018
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi, I believe you have two more options: Negotiate the new deadline for the offer acceptance You can also talk to McK, BCG and ask them to expedite the process since you have another offer. If it is an offer fro ... (read entire answer)
1
Answer
2.0 k
Views
2
Total Upvotes
on Aug 01, 2018 on Aug 01, 2018
Last Activity

London MBB offers

contract London MBB
Recent activity on Jun 11, 2018
Anonymous gave the best answer on Jun 11, 2018
All of MBB in London definitely offer signing bonus - in fact, all reputable consutancies that I know of do in London. Can also confirm that if you are from outside the UK, Bain offers a relocation package that should c ... (read entire answer)
2
Answers
3.2 k
Views
5
Total Upvotes
on Jun 11, 2018 on Jun 11, 2018
Last Activity

Time to sign employment contract after receiving an offer (to consider other options or interview with other firms)

consulting contract full-time
Recent activity on Jan 21, 2018
Anonymous gave the best answer on Jan 17, 2018
Both from a NAR and EMEA perspective usual time a candidate has to consider an offer is 1-3 weeks. However know that it is usually not an hard and fast and you can negotiate to extend it. In fact, one of my favorite for ... (read entire answer)
2
Answers
3.6 k
Views
8
Total Upvotes
on Jan 21, 2018 on Jan 21, 2018
Last Activity

How long do I have to accept a contract at MBB?

BCG contract deadline extension MBB McKinsey
Recent activity on Sep 20, 2017
The best answer (on Sep 20, 2017) is from:
Francesco
Expert
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
gave the best answer on Sep 20, 2017
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Hi Anonymous, as for the period to decide on an offer, the standard in the industry is 1-2 weeks; as Hugo mentioned, there could be some differences, but mostly you will receive that time range. As for the period ex ... (read entire answer)
4
Answers
8.9 k
Views
8
Total Upvotes
on Sep 20, 2017 on Sep 20, 2017
Last Activity

How to ask for increased contract deadline?

contract deadline
Recent activity on Jul 15, 2017
The best answer (on Jul 15, 2017) is from:
Francesco
Expert
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
gave the best answer on Jul 15, 2017
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Hi Olaf, my recommendation would be to try to speed up the process with the other firms – if you can call them and explain that you have an offer but would be very interested to interview with them as well, they will ... (read entire answer)
1
Answer
2.8 k
Views
4
Total Upvotes
on Jul 15, 2017 on Jul 15, 2017
Last Activity
18 results

Consulting Q&A – Ask Questions about Your Career

In this overview, you will find all the questions asked so far by the PrepLounge community. Anyone can ask questions and write answers. Our coaches are also happy to share their expertise. If you like an answer, give it an upvote so that it rises to the top. Here you can also find our guidelines and FAQs for the Consulting Q&A.

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