Mckinsey Salary Progression Reddit Daddy Dank Danks 9 yr ago I have a theory about OP He s an amalgamation of everything r consulting and realistically everyone else as well hates about MBB I d like to believe he s trolling but in reality I think he thinks too highly of himself to pretend to be someone else for even a couple of posts on reddit 4 MBBlowHard 9 yr ago
Salary Megathread 2022 23 Recreating u coginwheel s post from last year Let s create transparency in the industry and discuss salaries This information is important to understand how firms have reacted to inflation and if we re truly being treated competitively Firm Type MBB Big 4 Boutique etc The 2021 salary report from industry coaching firm Management Consulted shows that salaries at the top three firms McKinsey Bain and Boston Consulting Group BCG known collectively as MBB remained flat compared with 2020
Mckinsey Salary Progression Reddit
Mckinsey Salary Progression Reddit
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McKinsey Consultant Analysts in the US may earn up to 82 000 annually Meanwhile McKinsey Consultant Analyst salary in other developed countries fluctuates around 20 000 40 000 McKinsey Consultant Analyst salary in developing countries like China and India is roughly 3 000 10 000 Management Consultant compensation at McKinsey ranges from 126K per year for Business Analyst to 482K per year for Associate Principal The median compensation package totals 220K View the base salary stock and bonus breakdowns for McKinsey s total compensation packages
The Big Three management consulting firms McKinsey Bain and the Boston Consulting Group are increasing starting salaries for MBA consultants by 15 to 17 000 in 2023 according to a new report by ManagementConsulted In 2022 starting base salaries for new MBA grads at the three firms was 175 000 Going into 2023 however Bain and McKinsey will offer 192 000 base salaries and BCG will offer 190 000
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MBAs averaged 175 000 starting out at McKinsey Bain and the Boston Consulting Group The same was true with signing bonuses which were each pegged at 30 000 Overall total compensation came in between 216K and 220K One major difference between the firms Bain offers 25 days of PTO off the bat compared to BCG 18 and McKinsey 15 Now let s get into some of the consulting salary trends we identified this year 2022 saw firms grapple with the tightest global labor market in decades as demand for management consulting services remained strong This led to record revenue for many consulting firms and a continued wave of M A activity leading to double digit industry growth
MBB principals earn between 250 000 and 320 000 a year MBB partners about six to eight years out of business school earn between 350 000 A senior partner can take home 450 000 to 650 000 annually with bonuses approaching and sometimes exceeding half a million dollars a year The day to day job for a new MBA hire is pretty much the 29 deleted 2 yr ago Their margins are collapsing as price pressures push down Expect lower pay and way slower promos the next decade 11 deleted 2 yr ago Fall3789 2 yr ago Can confirm for BAs 100k base 30k performance bonus 5k signing bonus and a 4k relocation bonus 135 Wadehey 2 yr ago
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Mckinsey Salary Progression Reddit - According to the report base salaries for undergraduate hires joining Bain and McKinsey in the U S will increase by 12 to 112 000 a year All three firms declined to comment on their pay offers