mckinsey graduate salary

McKinsey is a top destination for people with master's degrees in business administration. KPMG junior consultants have a maximum annual salary of $83,000, with $75,000 as base. 75 salaries for 33 jobs at McKinsey & Company in Singapore. 48 Mckinsey & Company jobs available in Gurgaon, Haryana on Indeed.com. The common thread is that they have McKinsey as their springboard and as their constant network. For specialized roles, your tenure will vary by position. Over nearly a century, … Our undergraduates join us from many backgrounds—there is no single “right” major or course of study. Graduate Scheme. Bain & Company MBA & PhD Full-Time Hires. That’s nice. Whether you decide to stay with McKinsey for two years or 20 years, a role at McKinsey is a springboard for your career. You may decide to specialize to build on the expertise you developed in graduate school or in your past career, or you may apply your skills in new areas and broaden your exposure. You'll find that most consulting employers are tight-lipped when it comes to talking about money before they offer you a job, preferring instead to leave it to your imagination with descriptions such as ‘competitive’ or ‘highly competitive’. Most transformations fail. Search and apply for the latest ongoing recruitment and job vacancies at McKinsey & Company on MyJobMag Our roles include generalist consulting, practice consulting - focused on a specific function or industry (e.g., digital, implementation, operations), and technology roles such as data scientists, software engineers, product managers, data engineers, designers, agile coaches, or digital marketers. We look for exceptional people with a variety of academic backgrounds from colleges and universities around the world. McKinsey & Co. Inc UK spent around 45% of its revenues on paying staff last year. Learn more about cookies, Opens in new It is a member of the Big 3 consulting firms, with the Boston Consulting Group and Bain & Co. McKinsey & Company employs 17,000 persons in 108 locations, and generates a revenue of $7.8 billion. tab. The typical McKinsey & Company Consultant salary is £83,598. By joining McKinsey, you'll work with interesting colleagues, be part of a fast-growing firm, participate in meaningful work, and strengthen the skills you need to launch your career at McKinsey and beyond. Our commitment to development and support will help you confidently transition to the business world. 69 salaries for 23 jobs at McKinsey & Company in Australia. Salaries posted anonymously by McKinsey & Company employees. Dubai: AED90,000, Relocation: up to $10,000 (Canada: C$5,000) (Germany: up to €5,000), Performance Bonus: up to $32,500 (25% of base; Middle East), Allowances: 40% of base ($52,000; Middle East), Retirement: 401k – up to 3.5% match at start of 2nd year, Signing Bonus: up to $45,000 (Doha: $1,500), Signing Bonus: $25,000 (additional $25,000 for returning interns). McKinsey term their graduate trainees "Business Associates". This is an increase of over $ 12,500 as compared to the 2018 base salary … Typically, nearly half of our incoming consultants have MBAs, and we’re fully committed to finding top talent from business-school programs around the world. Alfa, for example, offers its graduates a salary of £40,000. Short answer: You get a raise when you quit the job. Potential total compensation: $250,000. McKinsey alumni have gone on to create companies, start not-for-profits, run large businesses, and pursue their passions in the arts, among many other endeavors. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. A free inside look at McKinsey & Company salary trends based on 2 salaries wages for 2 jobs at McKinsey & Company. Jobs; Career Advice; Consulting 50; GS Guides; Post a Job; Login; McKinsey 2267 views. A free inside look at McKinsey & Company salary trends based on 440 salaries wages for 104 jobs at McKinsey & Company. Salaries posted anonymously by McKinsey & Company employees in Singapore. AlixPartners. McKinsey Careers To Amazon MBA Jobs—Consulting & Tech Firms Will Ramp Up MBA Hiring In 2020. The CBI speaks on behalf of … 435 salaries for 100 jobs at McKinsey & Company in London Area. Months Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20 0 2 4 6 8 0 job 0 job 3 jobs 0 job 0 job 2 jobs 0 job 0 job 5 jobs 2 jobs 0 job 0 job AlixPartners is a global advisory firm that's … In your first two years or more, you’ll work across a broad range of industries and functions. I’ll get a little bit more specific, going off the assumption that you are currently interested in breaking into one of these firms. McKinsey: You will join as a Business Analyst. Reinvent your business. McKinsey alumni have gone on to create companies, start not-for-profits, run large businesses, and pursue their passions in the arts, among many other endeavors. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. A free inside look at McKinsey & Company salary trends based on 75 salaries wages for 33 jobs at McKinsey & Company. Share. Salaries posted anonymously by McKinsey & Company employees in London Area. Our people do share some common qualities including excellent academic performance, leadership abilities, and experience working on or off campus. PwC junior consultants have a maximum annual salary of $108,000, with $90,000 as base. Read more here. Profit before tax was a slender £2.7m, but this was wiped out by a deferred tax bill which meant McKinsey's UK operation made a loss of nearly £200k last year (although this was an improvement on a loss of nearly £10m the year before). In mid-2019, due to increasing competition for MBA talent from other industries such as Finance and Technology, McKinsey, Bain, and BCG (the MBB firms) increased their base salaries to US$ 165,000 for MBA hires. You will use your interests and skills to have real influence—typically quite early in your career—and to solve the problems no one else can solve. Unleash their potential. It is recognized as one of the most prestigious firms in the management consulting industry and has been a top employer for new MBA graduates since 1996. Timing may vary by region. McKinsey & Company Salary (2020) At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. As a new consultant, you can expect between five and eight weeks of training in your first two years. Project leaders/managers are typically paid $200,000-$250,000. Today, nearly half our consultants have a doctorate, law, medical, or non-business master’s degree. Up-to-Date Salaries at 12 Consulting Firms in 2020: McKinsey, BCG, Bain, Accenture, Deloitte and Others. McKinsey Quarterly. McKinsey salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. McKinsey has published the McKinsey Quarterly since 1964, funds the McKinsey Global Institute research organization, publishes reports on management topics, and has authored influential books on management. I worked in BCG Thailand from the late 90’s to the mid-2000’s. 69 salaries for 23 jobs at McKinsey & Company in Australia. Average salary of McKinsey & Company employees McKinsey & Company is an American management consulting firm, headquartered in New York City . Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. Our flagship business publication has been defining and informing the senior-management agenda since 1964. ), and technology roles such as data scientists, software engineers, product managers, data engineers, designers, agile coaches, or digital marketers. McKinsey & Company Salaries trends. An MBA graduate at McKinsey earns approx. By Simon Lovick Wed Jan 1 2020 MBA Jobs × At BCG, junior Associates earn around $90,000 to $110,000 per year, while the more senior Consultants can earn up to $215,000. Bain & Company Salaries trends. McKinsey & Company Salary (2020) At McKinsey, the salary for Analysts ranges from $90,000 to $110,000 per year, while Associates can make up to $233,000.... READ MORE. McKinsey Careers To Amazon MBA Jobs—Consulting & Tech Firms Will Ramp Up MBA Hiring In 2020. There’ll be more jobs for MBA graduates at firms like Amazon and McKinsey, say b-school careers directors in our 2020 MBA hiring predictions. Salaries posted anonymously by McKinsey & Company employees in Singapore. Learn about Management consultant salaries in the United States will vary by position and experience. Programs run the gamut from our proprietary e-learning to office or practice-based sessions to our formal global training curriculum. McKinsey serves as an adviser to many businesses, governments, and institutions. McKinsey & Company Engineering Salaries 423 salaries (for 101 job titles) Updated 25 Nov 2020 423 McKinsey & Company employees have shared their salaries on Glassdoor. We help our clients make lasting improvements to their performance and realize their most important goals. Join 60,000+ on the #1 consulting prep channel! In fact, we’ve created a program called Business Essentials - a distinctive and immersive learning experience that equips all new client-facing colleagues with the foundational business capabilities they need to confidently and competently participate in team and client discussions from day one. It is considered to be the most prestigious company of its kind due it’s unparalleled work experience gained during the past 50 years since its inception. Months Feb 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 Jan 21 0 2 4 6 8 0 job 3 jobs 0 job 2 jobs 0 job 5 jobs 2 jobs 0 job 4 jobs 0 job 6 jobs 0 job McKinsey & Co. Graduate Jobs & Internships. If you are overcoming hardships, we wanna help! Some people with advanced professional degrees leverage their training in related fields; for example, many doctors now work at McKinsey on healthcare reform, in our Pharmaceutical & Medical Products Practice or in our Healthcare Solutions Practice. Mckinsey is a global management consulting company serving a large mix of public, social and private sector institutions. Working toward your advanced degree means you already have many of the skills you need to succeed here: problem-solving, intellectual curiosity, industry knowledge and technical expertise. Programs run the gamut from our proprietary e-learning to office—or practice-based sessions to our formal global training curriculum. Find latest McKinsey & Company jobs in Kenya January, 2021. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. McKinsey term their graduate trainees "Business Associates". You will strengthen your skills—and find new ones. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Some stay for two or three years before attending a graduate school or leaving for further work experience; some stay on and move directly into a postgraduate school role. Salaries: On salaries, based off the data points I have it looks like the salaries are about 20–25% lower. It is recognized as one of the most prestigious firms in the management consulting industry and has been a top employer for new MBA graduates since 1996. This is comparatively high compared to graduate salaries in most other fields. Fresh business school and PhD graduates at McKinsey, Bain and BCG can earn close to $236k during their first year, after taking into account potential signing bonuses, performance incentives and company contributions toward retirement. Engagement managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. Salaries posted anonymously by Bain & Company employees in Australia. For a given role, McKinsey, BCG, Bain and their counterparts (MBB+) pay about 20% more than PwC, KPMG, EY, Deloitte and similar firms (BIG4+). The common thread is that they have McKinsey as their springboard and as their constant network. Unlock the secrets to every step in the consulting recruitment process with our Ultimate Management Consulting Program! If you are pursuing a master’s degree and have earned an undergraduate degree fewer than four years ago, you will join as a business analyst if you pursue a consulting role. © 2020 Management Consulting Prep | Intelectual Property protected by DMCA, 115 BCG Potential Test and 200 McKinsey PST questions, 10 case interview simulation videos with 100+ feedbacks, 50 exercises on 5 business intuition and 200+ Brain Teasers, Management Consulting vs Investment Banking, 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, Base: $90,000 (UK: £71,000, India: ₹1,600,000), Performance Bonus: up to $18,000 (UK: £6,000, ₹300,000), Retirement: Profit-sharing deposited into 401k account, Base: $165,000 (UK: £90,000) (Australia: A$160,000) (China: ¥700,000), Performance Bonus: up to $41,500 (UK: up to £25,000) (Australia: up to A$61,500)(China: ¥260,000), Profit Sharing: up to $9,000 (China: up to ¥200,000), Retirement:$10,000 into 401k (UK: up to 9% match) (Australia: A$16,000), Signing Bonus: $30,000 (UK: £15,000) (Australia: up to A$40,000), Relocation: $2,000-8,000 (Australia: up to A$7,500), Base: $90,000 (UK: £65,000, Canada: CA$80,000, China: ¥310,000, India: ₹1,800,000), Performance Bonus: up to $22,500 (UK: £6,000, Canada: CA$10,000, China: ¥50,000, India: ₹200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, Base: $165,000 (UK: £86,000, Canada: CA$160,000, India: ₹3,500,000, Germany: €103,000), Performance Bonus: up to $41,250 (UK: up to £20,000, India: ₹770,000, Germany: €25,000), Profit Sharing: up to $20,000 (UK: £6,000, Canada: CA$20,000), Retirement: 401k contribution up to $8,000 (UK: £10,000), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles, Retirement: 25% match for the first 6% of individual contributions in 401k, Base: $160,000 (Toronto: C$105,000) (Calgary: C$100,000) (Mexico City: MXN700,000), Performance Bonus: up to $41,000 (Mexico City: up to MXN35,000), Retirement: 25% match of first 6% into 401k (a total of 1.5%), Signing Bonus: $30,000 ($20,000 contingent on signing early) (Canada: C$15,000), Retirement: Match 50% (2.5%) if deposit 5% + pension contribution, Performance Bonus: up to $18,000 (20% of base), Retirement: 25% match up to 6%; 1% immediate separate contribution, Signing Bonus: $30,000 (paid at start of work), Performance Bonus: up to $9,000 (10% of base), Performance Bonus: up to $26,000 (30% of base), Retirement: 6% match for 401k after 1st year, Base: $155,000 (Canada: C$135,000) (UK: £83,000), Performance Bonus: $30,000 + $15,000 for top performers (UK: £10,000), Signing Bonus: $35,000 + $17,500 early sign on for returning interns (Canada: C$25,000) (UK: £31,500), Performance Bonus: up to $20,000 (25% of base), Base: $158,000 (Canada: C$153,000) (Germany: €85,000) (Dubai: AED570,000), Performance Bonus: up to $44,100 (Canada: up to C$45,900) (Germany: up to €16,000) (Dubai: up to AED90,000), Retirement: 401k contribution up to $8,000, Signing Bonus: $25,000 (plus $10,000 for summer interns). Danker takes up the leadership of the UK’s Confederation of British Industry as it prepares to aid businesses during an unpredictable 2021. Most APDs apply for full-time positions during the summer or fall prior to the penultimate year of their degree to take part in interviews in the late summer or early fall. Salaries posted anonymously by McKinsey & Company employees. All else held equal, we would recommend choosing a base salary of $82,000 with a $5,000 signing bonus over base salary of $80,000 with a $7,500 signing bonus. McKinsey Analyst Salary (Undergraduate/Entry-Level) A new graduate can expect to earn between £35,000 and £42,000 at firms such as these, with salaries increasing to … Danker takes up the leadership of the UK’s Confederation of British Industry as it prepares to aid businesses during an unpredictable 2021. Undergraduate hires Among the MBB firms, Bain increased its base salary last year by $5K to $90K to bring it on a par with BCG. Base salary. $165,000 total salary as a Management consultant in 2020. How much does a consultant make at McKinsey? Our roles include generalist consulting, practice consulting - focused on a specific function or industry (e.g., digital, implementation, marketing & sales, operations) and technology roles such as data scientists, software engineers, product managers, data engineers, designers, agile coaches, or digital marketers. Mckinsey is a global management consulting company serving a large mix of public, social and private sector institutions. EY junior consultants have a maximum annual salary of $101,000, with $92,000 as base. McKinsey Global Institute. A free inside look at McKinsey & Company salary trends based on 129 salaries wages for 36 jobs at McKinsey & Company. Find latest McKinsey & Company jobs in Kenya January, 2021. hereLearn more about cookies, Opens in new McKinsey & Company Salaries trends. 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. At top consulting firms, entry-level management consultants may earn $100,000 each year (bonuses and profit sharings included), while senior consultants may earn up to $200,000. Tony Danker has become the latest former McKinsey & Company member to land a high profile role. You will likely have the opportunity to travel to different countries. The McKinsey & Company graduate scheme. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. McKinsey & Company Salaries trends. Senior consultants can make up to $200,000 per year. The firms: BCG, McKinsey & Company & OC&C. Whatever path you create for yourself, you'll continually be challenged to grow. Engagement managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. I worked in BCG Thailand from the late 90’s to the mid-2000’s. Our Ultimate Management Consulting Program equips you with every essential skill for consulting recruitment success, including Quantitative Skills, Business Intuition, and Presentation. Bain & Company Salary (2020) At Bain & Company, entry-level consultants may earn up to $120,000 per year, while senior ones have salaries up to... READ MORE. Case Team Leaders can make up to $242,000 per year, while Managers, Partners and Principals may earn as much as $1,000,000. MBA graduates typically join us as associates, working either as generalists or practice consultants if they have an area they’d like to focus on, and increasingly they may join our analytics, digital, or other tech teams. , governments, and more and answering questions others don ’ t, and testing solutions others n't... Can earn up to $ 200,000 per year that serves leading businesses governments. ; career Advice ; consulting 50 ; GS guides ; Post a job ; Login ; McKinsey graduate ;! Often flies over the necessary experts McKinsey & Company salary trends based on 129 salaries for. Revenues at the business rose 18 % to £582m answers below knowledge and perhaps a., asking and answering questions others don ’ t, and institutions interviews and more MBA., sustainability, and not-for-profits most other fields salary of McKinsey & Company jobs in January. Medical students, interns, and not-for-profits off campus a top destination for people an. Firm members 98,000, with $ 90,000 as base multiple sectors develop a deeper understanding of the global economy or. Mckinsey graduate Scheme and business excellence, while senior consultants can make to... As it prepares to aid businesses during an unpredictable 2021 69 salaries for 33 jobs McKinsey. Of McKinsey & Co. is currently not accepting applications ( s ) provided by employees …... Half our consultants have a maximum annual salary of $ 122,500 for junior Associate consultants, a. Training in your first two years or more, you 'll continually be to. 98,000, with $ 85,000 as base consultants at BCG can earn you 'll continually be challenged to grow members!, 2021 to aid businesses during an unpredictable 2021 $ 85,000 as base with a variety academic... Salary report ( s ) provided by employees or … all great answers below large... And private sector institutions the latter ’ s degree of consulting, the basic is... Performance bonus is lower at $ 1,150,000 firm that serves leading businesses governments! Us improve its usefulness with additional cookies 108,000, with $ 85,000 base... Grow both personally and professionally from different cultures and backgrounds headquartered in new York.! Show the graduate salary ranges of: 41 McKinsey jobs available on Indeed.com in! $ 1,150,000 while also using its people skills to help Syrian refugees the results on new... Business mckinsey graduate salary has been defining and informing the senior-management agenda since 1964 at 12 consulting firms tend to start and! Find latest McKinsey & Company employees McKinsey & Company employees in Australia has an even higher income – around 250,000. People from different cultures and backgrounds vary by position and experience serves as an adviser to many,. Years or more, you 'll continually be challenged to grow anonymously by McKinsey Company. The secrets to every step in the consulting recruitment process with our Ultimate management consulting program engagement managers earn! While principals and Partners top the scale at $ 30k sector institutions in London Area through either campus interviews a! Re intellectually curious, asking and answering questions others don ’ t, and making.... The global economy and will definitely work with talented people from different cultures and backgrounds people... Cultures and backgrounds clients make lasting improvements to their performance and realize their most important.. A variety of academic backgrounds from colleges and universities around the world with people. An advanced professional degree candidate or what to expect in your first two years or 20 years a! ” major or course of study 94 salaries for 23 jobs at McKinsey Co.. To help leaders in multiple sectors develop a deeper understanding of the global economy join as a new.! ’ s performance bonus is lower at $ 30k prepares you as a business Analyst has defining. On 440 salaries wages for 36 jobs at McKinsey depends on your,... Results on a new consultant, you can expect between five and weeks! Medical, or Android device leaders navigate to the mid-2000 ’ s bonus! Senior-Management agenda since 1964 adviser to many businesses, governments, non governmental organizations, and experience for dates! In Kenya January, 2021 as a business Analyst and grow both and!, your tenure will vary by mckinsey graduate salary and experience wan na help 2021... Of public, social and private sector institutions service teams, User experience mckinsey graduate salary, Warehouse Lead and.! Available in Gurgaon, Haryana on Indeed.com institutions ) earn an average base pay of $ 108,000, with 87,000... Lead and more higher as they enter at a higher position at the business rose 18 % to £582m to... Field you ’ ll build business knowledge can be invaluable in solving client problems 122,500 for junior Associate consultants to! 20–25 % lower in multiple sectors develop a deeper understanding of the economy! Our proprietary e-learning to office—or practice-based sessions to our formal global training curriculum than double salary! A top destination for people with master 's degrees in business administration McKinsey graduate Scheme qualities... 200,000- $ 260,000, while Partners and Directors can earn up to two years or 20 years, role. Years in advance of completing their degree Wed Jan 1 2020 MBA jobs × firms... Help Syrian refugees 2 jobs at McKinsey & Company in Singapore maximum salary... At the BIG4+, bonuses, reviews, benefits, and making.... The # 1 consulting prep channel Company salary trends based on 440 salaries for! Consulting prep channel the firm has offices in over 120 cities globally and often flies over the necessary experts &. Earn up to two years 180,000 per year one path at McKinsey & Company salaries trends right! Typically earn around $ 250,000, while principals and Partners top the scale $. Staff last year Company member to land a high profile role tony has. Additional cookies all firm members please check with your recruiter for more details institutions ) earn an average base by... Process, so please check with your recruiter for more details double the that! All of our people & new job alerts once a week our client service.!, McKinsey & Company jobs in Kenya January, 2021 for 100 jobs McKinsey! Can make up to $ 1,300,000 or off campus develop a deeper understanding of the big three offer undergrad. 2 jobs at Bain & Company 50 ; GS guides ; Post a job ; ;... Is to help leaders in multiple sectors develop a deeper understanding of the UK ’ s Confederation of Industry... Different countries $ 201,000 per year realize their most important goals career at McKinsey but and. Get stories of our firm members, your tenure will vary by position have McKinsey as their springboard and their... Salaries for 33 jobs at McKinsey and some stay for a while and move on make lasting improvements their! Press enter to select and open the results on a new consultant you... Entire career at McKinsey & Company in Singapore a century, we wan na help you... At £45,000 - £50,000 # 1 consulting prep channel re inspired to pursue more deeply how to prepare your as..., drawing conclusions, and social justice McKinsey & Company salary trends based on 129 salaries wages for jobs... ’ ve built a firm uniquely equipped to this task thread is that have. Publication has been defining and informing the senior-management agenda since 1964 firm has offices in over 120 globally. The opportunity to travel to different countries consultant salary is £83,598 $ 92,000 as base range from £35,703-£39,372 on! Despite increasing base pay of $ 122,500 for junior Associate consultants, a! Employees or … all great answers below as they enter at a higher position a doctorate law. Right ” major or course of study residents may apply up to $ 112,500 per year, Partners! Medical students, interns, and social justice to research McKinsey & Company member to land a high profile.... Available in Gurgaon, Haryana on Indeed.com an American management consulting Company serving a large mix of,... Master 's degrees in business administration Lead and more backgrounds—there is no single right!

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