Mckinsey Salary Progression 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
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 Last updated 1 14 2024 Average Compensation By Level 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
Mckinsey Salary Progression
Mckinsey Salary Progression
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How much do McKinsey Company employees make Glassdoor has salaries wages tips bonuses and hourly pay based upon employee reports and estimates Consulting 12K Salaries submitted Associate Management Consultant 7 535 salaries Management Consultant Associate 1 357 salaries View More Business 8K Salaries submitted Interns coming out of undergraduate or master s programs earn a salary of 15 000 Interns from MBA or PhD programs earn an average McKinsey salary of 32 000 with performance bonuses up to 8 000 and relocation bonuses up to 5 000 These intern salaries of course are for summer work usually 10 weeks
Project managers Engagement managers in McKinsey speak can earn around USD 200k including up to 40 bonus payments 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
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According to data from Glassdoor the average base salary for an associate at McKinsey is around 165 000 per year However this is just the starting point associates can earn significant bonuses and benefits on top of their base pay Many consulting firms including McKinsey offer performance based bonuses to their employees August 31 2022 10 33 AM PDT A person rides an escalator in front of the Empire State Building at the new entrance to Penn Station and the Moynihan Train Hall as seen in January 2021 in New York
McKinsey s salary ranges from 8 033 in total compensation per year for a Administrative Assistant at the low end to 481 643 for a Management Consultant at the high end Levels fyi collects anonymous and verified salaries from current and former employees of McKinsey Associate Partner They typically manage multiple projects at once and are expected to sell new consulting work Partner They are the key owners of project deliverables They sell new consulting assignments to both existing and new clients Mckinsey Salary According To Levels And Position Mckinsey salary progression
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Mckinsey Salary Progression - 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