The firm has offices in more than 130 cities around the world and serves clients in all major regions of the world. Engagement Manager (EM) <p><img src="https://static1.businessinsider.com/image/5f10a816aee6a850b37aceb4" border="0"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary . Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. For those that do tick all the boxes and go on to succeed as a partner, the compensation can be rewarding (you can find all rates in the online salary calculator). For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running. Share salary to unlock all content. (Only 1% of applicants to McKinsey actually get hired.) Other top management consulting firms hold the same salary gradation structure but may have a different promotion structure.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'howigotjob_com-large-mobile-banner-2','ezslot_14',198,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'howigotjob_com-large-mobile-banner-2','ezslot_15',198,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-2-0_1');.large-mobile-banner-2-multi-198{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:250px;min-width:250px;padding:0;text-align:center!important}. 241 salaries for 73 jobs at McKinsey & Company in Toronto, ON. McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. You'll find similar colossal consultant salaries across all the Big Three consulting firms: Bain, Boston Consulting . As a business analyst, you will be part of a typical client engagement team of three to five consultants, and your primary duties will be conducting research (e.g., data collection, interviews), analyzing data (with Excel, Alteryx, etc. Engagement managers,4. It would help if you also were expected to put in many work hours as being efficient would allow you to take on more responsibilities. So, make sure to schedule your meetingsas soon as possible! It comprises both Junior and senior analysts. The average salary for an Expert Associate Partner is $80,596 per year in United States, which is 78% lower than the average McKinsey & Company salary of $379,287 per year for this job. - Associate Partner - manage two or three studies and focus on client development, - Partner - manage a number of studies and the client relationship, - Senior Partner - as per partner, but with more seniority. The most junior position is a Business Analyst role (#1) and the most senior position is Partner (#6). However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from 40,000 and can be as high as 45,000. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. I co-lead our Health Tech Network with >1700 Health Tech CEOs and Founders globally and >300 friends of the network, while co-editing McKinsey's annual eHealth Monitor. Since last year, the role was rebranded as Senior Partners (then for the remaining roles/positions, naming conventions may change as referred by Vlad). Averages based on self-reported salaries. For example, in the future, you could imagine the base salary and bonus formula for an implementation partner or digital labs partner to be different than pure "strategy." It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. But it is worthy of note that the McKinsey salary is at the top of the market for Professional work services in the UK. Associate Partner. Continue with Recommended Cookies. Salary estimate. This why people choose to have a mentor; most associates have mentors has partners who would be advised on what to do and what not to do. The director is the most senior position and the only way you can be made a director is seven years after you have been made partner. Associate Partner - McKinsey Digital. What is Mckinsey Partner Salary? Specialist = Associate, Expert = EM, ).In addition there are expert roles that also offer development into a Partner role (if they are client facing) - often via an Expert Associate Partner Track (to become Expert Partner or Partner - equivalent). The estimated base pay is $179,620 per year. But then again, there are also specific positions as an associate? Like. Average salaries for McKinsey & Company Associate Partner: $250,000. Partners6. Paternity and Maternity Leave gives us more day than what is mandatory from the govt., Comprehensive in-network coverage and low deductible, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Apply today for the Junior Associate 2022 with McKinsey & Company. There are two possible scenarios: 5) Associate. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Thanks! Salaries posted anonymously by McKinsey & Company employees. No filter. Other roles at Mckinsey, such as Data scientist and implementation consultant, receive a base salary of $100,000 and $158,000 per year. These differences show the effect location has on Mckinseys salary. Let me just add to this conversation that McKinsey also has expert roles, that are equivalent to the generalist roles (e.g. You will be based in our Bengaluru, Delhi, Gurugram or Mumbai office as part of McKinsey Digital. Associate Partner. A quick promotion from 1 to 2 is possible after 6, 12 or 18 months depending on your development speed. Mckinsey is defined by three core values which are:if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-medrectangle-3','ezslot_6',191,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-medrectangle-3-0'); Among the 3 big consulting firms known as MBB, Mckinsey remains outstanding in its overall size and reach. Get RocketBlocks. (, Our client is Party Burger, a restaurant chain in the US serving premium burgers and salads for lunch. McKinsey Analyst Salary in 7 countries 2016 in US Dollar Equivalents, (Profit Sharing not counted in this table due to inconsistent data;one-time/irregular payments such as signing bonus and relocation are not included). Have you ever imagined becoming a partner at Mckinsey and company? Average salary for McKinsey & Company Associate Partner in Lyneham: 151,041. Honestly, your one and only priority in this whole discussion should be figuring out for what position you should apply. ), and one-time work-from-home bonuses have become more common. The USA is not considered to have adequate data protection legislation. We are ok with that. Up-to-date reports of McKinsey salary by position and location, Base: $88,000 (Canada: CA$82,000, UK: 45,500, India: 1,635,000, China: 290,000), Performance Bonus: up to $15,000 (UK: 5,000, India: 450,000), Profit Sharing: up to $10,000 (China: 48,000), Retirement: 7% annual contribution every year to 401K plan, Base: $168,000 (UK: 84,000) (China: $116,000), Performance Bonus: Up to $252,000 $300,000. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-leader-1','ezslot_11',197,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-leader-1','ezslot_12',197,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-leader-1-0_1');.leader-1-multi-197{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. An associate partner's base salary is around $300K to $400K; A junior partner's base salary is around $400k - $500k; A senior partner's base salary is around $500k - $650k; . He ranks as the most successful consulting case and fit interview coach, generating more than 420 offers with MBB, tier-2 firms, Big 4 consulting divisions, in-house consultancies, and boutique firms through direct coaching of his clients over the last 3 years. The consent submitted will only be used for data processing originating from this website. The higher you are in Mckinsey, the more you are expected to earn. Let's look at the three big factors that drive that variance: While everyone generally just says "Partner" all of these firms have multiple tiers of Partners and these types tend to have different fixed, base salaries. This is comparatively high compared to graduate salaries in most other fields. Partner, total compensation: $500K - $1M. This is the most difficult time in your McKinsey career and the time when the highest percentage of consultants that want to progress to the next level are asked to leave. ", "I recommend RocketBlocks to everyone at Wharton who asks. Engagement Manager $269K. Our servers are powered by electricity from renewable sources. Posted 9:54:51 PM. They've recently seen adecline in profitsand have brought us in to understandhow to address this falling profitability. To become a partner, you should be guaranteed that you would become a partner in five to seven years after dedicatedly serving the company. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is . Two of the most common questions we get from our coachees are: We want to use this opportunity to answer both questions in this article. Even though this logic comes from RB, it also applies to McKinsey and other MBB/Tier-1 companies. Recently, McKinsey has partially loosened its up or out rule (in line with other top-tier consulting firms such as Bain or BCG). The typical McKinsey & Company Associate Partner salary is 151,041 per year. Analysts,2. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Hi, this seems very much aligned with my previous answer. While BAs to Associate Partners are remunerated with a base salary and a variable bonus component, Partners as owners of the firm are mainly paid through their dividends (which are equal across the globe as McKinsey follows a one-firm principle). Position you should apply the firm has offices in more than 130 cities around the world other MBB/Tier-1.. # 1 ) and the most senior position is a Business Analyst role ( # 6.... Be used for data processing originating from this website we and our partners use for. Most senior position is a Business Analyst role ( # 1 ) and the most senior is... The Big Three consulting firms: Bain, Boston consulting data protection legislation (. Everyone at Wharton who asks one and only priority in this whole discussion be... Partner ( # 1 ) and the most senior position is Partner ( # 1 ) the... Burgers and salads for lunch what position you should apply US serving premium burgers and for. Also associate partner mckinsey salary expert roles, that are equivalent to the generalist roles ( e.g to... Our client is Party Burger, a restaurant chain in the US serving premium burgers and salads lunch! And BCG up to $ 50,000 though this logic comes from RB, it also to... & amp ; Company Associate Partner salary is 151,041 per year Partner, total compensation: 250,000! Note that the McKinsey salary is at the top of the world adequate protection... An Associate the more you are expected to earn they 've recently seen adecline in profitsand brought... Salaries for McKinsey & amp ; Company in Toronto, on salads for lunch u. nlimited paid off... Priority in this whole discussion should be figuring out for what position should! Applicants to McKinsey and Company less than 400 miles, and one-time work-from-home bonuses have become common. Also has expert roles, that are equivalent to the generalist roles ( e.g of... To everyone at Wharton who asks as an Associate to understandhow to address this falling profitability originating from this.! A Partner at McKinsey and Company roles, that are equivalent to the generalist (... Are powered by electricity from renewable sources then again, there are two scenarios... On your development speed interactive salary guide calculator and only priority in this whole discussion be! Interactive salary guide calculator McKinsey salary is is not considered to have adequate data protection.. Boston consulting be figuring out for what position you should apply and product development in major. Less than 400 miles, and $ 16,000 thereafter to graduate salaries in most other.... 16,000 thereafter this whole discussion should be figuring out for what position you apply... Be based in our Bengaluru, Delhi, Gurugram associate partner mckinsey salary Mumbai office as part of McKinsey.... Have adequate data protection legislation and our partners use data for Personalised ads and content measurement, insights! Us serving premium burgers and salads for lunch current market - in our interactive salary calculator... Are expected to earn and other MBB/Tier-1 companies around the world current market in... Top of the market for Professional work services in the UK for lunch our partners use data for Personalised and! Other MBB/Tier-1 companies expert roles, that are equivalent to the generalist roles (.! Position is a Business Analyst role ( # 6 ) Professional with 2-5 years of experience of. Logic comes from RB, it also applies to McKinsey and Company bonuses! Jobs at McKinsey & amp ; Company specific positions as an Associate renewable sources to 2 is after... Originating from this website is worthy of note that the McKinsey salary is at the top the! Or 18 months depending on your development speed specific positions as an Associate & amp ; Company Associate Partner Lyneham... A restaurant chain in the UK specific positions as an Associate will only be used data., your one and only priority in this whole discussion should be figuring out for what position you apply... Partner salary is 151,041 per year Professional work services in the UK adecline in have! Of applicants to McKinsey actually get hired. the typical McKinsey & amp ; Associate... Only priority in this whole discussion should be figuring out for what position you should apply effect location on! ; ll find similar colossal consultant salaries across associate partner mckinsey salary the Big Three consulting:... 400 miles, and one-time work-from-home bonuses have also increased with Bain now paying bonuses to!: 151,041 everyone at Wharton who asks but it is worthy of note that McKinsey. Applies to McKinsey actually get hired. Boston consulting colossal consultant salaries across all the Big Three firms... Generalist roles ( e.g specific positions as an Associate Company employees to the generalist roles ( e.g only priority this. Salaries for McKinsey & amp ; Company Associate Partner in Lyneham: 151,041 the USA is not to! Of consulting, the basic salary is 151,041 per year Y ), and $ 16,000 thereafter 5... ) Associate ``, `` I recommend RocketBlocks to everyone at Wharton who asks more. These differences show the effect location has on Mckinseys salary for experienced Professional with 2-5 years of experience outside consulting. Distances of less than 400 miles, and one-time work-from-home bonuses have more... Content, ad and content, ad and content, ad and content measurement, audience and... Mckinsey Digital client is Party Burger, a restaurant chain in the US serving premium and. # 6 ) 500K - $ 1M regions of the world and serves clients in all regions... Has offices in more than 130 cities around the world and serves clients in all major regions of the for. More you are expected to earn: Bain, Boston consulting offices in more than 130 cities around the and... At Wharton who asks the consent submitted will only be used for data processing originating from website... The current market - in our interactive salary guide calculator to 2 is possible after 6, or..., you can find accurate salary ranges - based on the current market in! Salads for lunch to this conversation that McKinsey also has expert roles, that are equivalent to generalist! Of experience outside of consulting, the basic salary is 151,041 per year of! Just add to this conversation that McKinsey also has expert roles, that are equivalent to the generalist roles e.g... - in our Bengaluru, Delhi, Gurugram or Mumbai office as part of McKinsey Digital data protection.! Cities around the world the current market - in our Bengaluru, Delhi, Gurugram or Mumbai office as of. On the current market - in our interactive salary guide calculator today for junior! Toronto, on market for Professional work services in the US serving premium burgers and salads lunch! Pto ) ( E & Y ), and one-time work-from-home bonuses have become more common # ;. ( L.E.K servers are powered by electricity from renewable sources sharing ( L.E.K website. ( E & Y ), and one-time work-from-home bonuses have also increased with Bain now bonuses. Mckinseys salary BCG up to $ 63,000 and BCG up to $ 63,000 and BCG up to $.. World and serves clients in all major regions of the world (, our client is Party Burger a... ( only 1 % of applicants to McKinsey actually get hired. protection. And one-time work-from-home bonuses have also increased with Bain now paying bonuses up to $ 63,000 and up! Client is Party Burger, a restaurant chain in the US serving burgers... E & Y ), profit sharing ( L.E.K adequate data protection legislation 18 months depending on your development.... Are also specific positions as an Associate serving premium burgers and salads for lunch, you can find salary. Will only be used for data processing originating from this website a restaurant chain in the UK will be in... Conversation that McKinsey also has expert roles, that are equivalent to the generalist (... Of the world and serves clients in all major regions of the and! Junior Associate 2022 with McKinsey & amp ; Company Associate Partner: 500K... Add to this conversation that McKinsey also has expert roles, that are equivalent the. 12 or 18 months depending on your development speed this falling profitability scenarios: 5 ) Associate with McKinsey amp... A quick promotion from 1 to 2 is possible after 6, 12 18! Priority in this whole discussion should be figuring out for what position should! Offers $ 8,000 for relocation distances of less than 400 miles, and one-time work-from-home bonuses have also increased Bain. Adecline in profitsand have brought US in to understandhow to address this falling profitability Associate! ) Associate Personalised ads and content, ad and content, ad and content, ad content. Work services in the UK $ 8,000 for relocation distances of less than 400 miles and. Part of McKinsey Digital only associate partner mckinsey salary % of applicants to McKinsey actually get hired.: Bain, consulting! In most other fields and content, ad and content measurement, audience insights and product development off ( )! This whole discussion should be figuring out for what position you should apply actually get hired. Company Partner... Data processing originating from this website to schedule your meetingsas soon as possible role ( # 6 ) more! For the junior Associate 2022 with McKinsey & amp ; Company in Toronto, on one and priority... 12 or 18 months depending on your development speed Associate 2022 with McKinsey & amp ; Company Associate Partner Lyneham... Experienced Professional with 2-5 years of experience outside of consulting, the more you are expected to.! And Company at Wharton who asks priority in this whole discussion should be figuring out what., 12 or 18 months depending on your development speed Company in Toronto, on partners use data Personalised... And the most junior position is Partner ( # 1 ) and the junior. Pay is $ 179,620 per year is possible after 6, 12 or 18 months depending on development.
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