3 years experience as a consultant at McKinsey + 1.5 years of case prep and coaching to MBA/Master students at London Business Sch
Book a coaching

What is the salary at McKinsey, is it truly globally set?

Levente

Hi! What are the salary levels at McKinsey for BA, Senior BA, Junior Associate (w/o MBA) and Associate (w/ MBA)?

I have heard that their salary level is high in the beginning but there is only one big jump, when you earn your MBA. Is that true? How big is that jump?

What is the range between the salaries of consultants at different offices? Do consultants earn the same in New York vs Berlin vs Vienna vs Budapest?

Thanks a lot.

  • Upvotes
  • Date ascending
  • Date descending
Bruno
Expert
replied on 12/29/2017
3 years experience as a consultant at McKinsey + 1.5 years of case prep and coaching to MBA/Master students at London Business Sch

Hey Levente,

As you may imagine, consultants are not supposed to share concrete information on salary levels, however you can get a good glimpse of them in websites such as glassdoor.

That said, I can share with you a couple of insights: salaries differ (significantly) from office to office (in part to compensate for differences in standard living costs, but not only); there is indeed an interesting jump from BA to Associate levels, but again for all roles there is a considerable difference in jumps across offices (btw, the biggest jump should be to Partner though!)

Hope this helped out

Francesco replied on 12/31/2017
Ex BCG | MBB Specialist | #1 Expert for meetings done (1100+) and recommendation rate (100%)

Hi Levente,

as mentioned by Bruno, the easiest thing to check salaries would be via Glassdoor, as they change – potentially a lot – in different geographies (sometimes even if the geographies are close – eg Italy vs Switzerland) as it is not globally set.

There is a significant jump in percentage point for the base salary from Analyst to Associate; however, you have significant jumps for every step in the consulting ladder, till when you reach Partner level with base salary of $500k+ without bonuses in the US. That’s based on the fact that the higher the position, the higher the bonus, thus giving options for very very high compensations for top performers.

Best,

Francesco

Related BootCamp article(s)

Interviewer-Led vs Candidate-Led cases

Case Interviews can be led by the candidate or by the interviewer: In Candidate-led cases the main challenge is the structure. In Interviewer-led cases the main challenge is to adapt quickly

0 Comment(s)

Related case(s)

McKinsey Questions

Solved 16.6k times
4.5 5 467
| Rating: (4.5 / 5.0)
Difficulty: Intermediate | Style: Fit interview | Topics: Personal fit

Tell me of a situation where you had an opinion and no one seemed to agree with you. What was your goal when you decided to join university / work / clubs / a sports team? Did you have a goal that you were not able to reach? What did you do? What do you want to be remembered for and how are ... Open whole case