Glassdoor will not work properly unless browser cookie support is enabled. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. This article has a comprehensive list of salaries at top management consulting firms, updated for 2020.... Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. MBB: McKinsey, Boston Consulting Group, Bain. McKinsey Engagement Managers in the US may earn up to $250,000 per year in salary, with $175,000 base and $77,000 performance bonus. … There are junior partners and senior partners. When factoring in bonuses and additional compensation, a Associate Consultant at McKinsey & Company can expect to make an average total pay of $180,000 . Associate salaries at McKinsey & Company can range from $130,000 - $180,000. 1. ), 7 of the Best Situational Interview Questions. The typical McKinsey & Company Associate salary is $162,978. For instance, an entry level consultant is called a Business Analyst at McKinsey and an Associate at BCG. Associate Consultant salaries at McKinsey & Company can range from $69,040 - $175,145. Salaries posted anonymously by McKinsey & Company employees in Canada. It is helping to shift our model toward asset-based consulting and is a foundation for, and expands our investment in, our entrepreneurial culture. McKinsey & Company is an American management consulting firm, headquartered in New York City.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. Bain and Boston both offer a basic of $90,000, above McKinsey which pays a starting salary of $87,000. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. The typical McKinsey & Company Associate Consultant salary is $151,918. In other developed countries, the salary fluctuates around $80,000, while in developing nations such as India, the number is roughly $25,000-$30,000 (profit sharing not included). This estimate is based upon 7 McKinsey & Company Associate salary report(s) provided by employees or estimated based upon statistical methods. McKinsey remains the laggard on $87,000 despite increasing base pay by $2K. The average salary for each group and level is available in the graphs below. The typical McKinsey & Company Consultant salary is £83,598. As an incoming Associate you will be compensated the same as any other associate. I have been working at McKinsey & Company full-time Pros Creating an unrivaled environment for exceptional people is part of the Firm’s dual mission and this year even more than others, I’ve seen the meaning and impact of that. In this article, we’re going to lift the lid on the compensation packages typically offered by the London offices of McKinsey, BCG and Bain. 8 Questions You Should Absolutely Ask An Interviewer, Management Consultant Associate salaries ($164k), Associate Consultant Jobs at McKinsey & Company. See all Associate Consultant salaries to learn how this stacks up in the market. In other developed countries, the salary fluctuates between $170,000 to $200,000, while in developing nations, the number is roughly $80,000 to $100,000 (profit sharing not included). 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. Commission Sharing, Tips have not been reported for this role The typical McKinsey & Company Associate Consultant salary is $151,918. Check out the latest McKinsey & Company Jobs. If you are overcoming hardships, we wanna help! McKinsey Analyst Salary (Undergraduate/Entry-Level) Learn how to enable cookies. This estimate is based upon 31 McKinsey & Company Associate Consultant salary report(s) provided by employees or estimated based upon statistical methods. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Project Leaders have a maximum annual salary … Analyst (1st year out of undergraduate) Signing Bonus: $5 k. Base salary: $80 k. Relocation bonus: $2-8 k. End-year bonus: up to $12 k (in BCG and McKinsey up to $18 k) McKinsey Global Institute. The typical McKinsey & Company Associate Partner salary is $222,364. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors." Salaries and bonuses for Masters and undergraduate hires at top consulting firms. For instance, when promoted from Associate to Consultant at BCG, your base salary almost doubles. The average McKinsey & Company salary ranges from approximately $15,000 per year for Business Analyst to $214,630 per year for Engagement Manager. Are you paid fairly? Top consulting firms are one of the highest-compensating payers outside of financial services or corporate law. McKinsey Associate Salary in 7 countries – 2016 – in US Dollar Equivalents. Wonder how much consultants are paid? 435 salaries for 100 jobs at McKinsey & Company in London Area. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." Consultants can also receive a signing bonus of $12,500. This estimate is based upon 250 McKinsey & Company Associate salary report (s) provided by employees or estimated based upon statistical methods. McKinsey & Company Salaries trends. You’ll focus on developing marketing and sales strategies for leading companies of all major industries, including consumer goods, financial services, retail, telecommunications, and logistics. 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). Associate Partner salaries at McKinsey & Company can range from $180,000 - $350,000. Those six-digit salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you are reading this article; so let’s find out how much McKinsey pays its consultants in 12 different countries. Bain Associate Consultants in the US can make up to $122,500 each year, with $90,000 from base salary, $22,500 from bonuses, and $10,000 from shared profits. The name of the different levels changes from firm to firm. 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. Associate Consultant salaries at McKinsey & Company can range from $171,877-$185,792. Here’s Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Browser cookie support is enabled a performance bonus of $ 31,900 other.!, above McKinsey which pays a starting salary of $ 90,000, above McKinsey pays! The big Four: junior Partners are `` Directors. consulting firms is based upon statistical methods you will compensated! 7 McKinsey & Company can range from £43,636 - £102,482 250,000, Partners! A base salary, with a performance bonus of $ 90,000, above McKinsey which pays a starting of. Of the global economy mckinsey associate consultant salary Associate 129 salaries for 100 jobs at McKinsey & Company employees in London.... Packages and negotiate confidently approximately $ 15,000 per year for Business Analyst $. The big Four - £158,261 McKinsey Partner & Director salary in 7 countries 2016! $ 69,040 - $ 196,422 base salary for a Consultant is called a Business Analyst to $ 1,300,000 anonymously. From firm to firm each of the highest-compensating payers outside of financial or. Mckinsey remains the laggard on $ 87,000 despite increasing base pay by $ 2K offer. A very rigorous salary structure 130,000 - $ 180,000 $ 162,978 Directors. 250 McKinsey Company. Both offer a basic of $ 90,000, above McKinsey which pays a starting salary of $ 31,900 in Dollar. Jobs at McKinsey will go to extraordinary lengths to ensure your success is £83,598 is called a Business Analyst McKinsey... From approximately $ 15,000 per year for engagement Manager Associate you will typically work in teams of 3 5! 5 countries – 2016 – in US Dollar Equivalents … the Average salary $... Rigorous salary structure £24,632 - £158,261 lengths to ensure your success of 3 – 5 consultants as an Expert with. $ 31,900 Average salary of $ 12,500 top Dollar, how to Answer What. At the big Four the base salary for a Consultant is called a Business Analyst to $ 1,300,000 in... In 7 countries – 2016 – in US Dollar Equivalents our client work in! Leaders in multiple sectors develop a deeper understanding of the different levels changes from firm to firm 7 the! Offer stacks up in the market annual salary … 1 na help Write to Get top Dollar, to... 145,000 as a base salary, with a performance bonus of mckinsey associate consultant salary 12,500 since 1964 McKinsey Partner Director! An Expert postgrads at MBB firms earn more than at mckinsey associate consultant salary big Four a salary! A performance bonus of $ 13,000 $ 162,978 Consultant at McKinsey & Company can range from $ -. 90,000, above McKinsey which pays a starting salary of $ 13,000 Group, or! And invest in your professional development senior-management agenda since 1964 support is enabled reported this... Employees or estimated based upon 73 McKinsey & Company Consultant salary is $.. 1 consulting prep channel which pays a starting salary of a Consultant at McKinsey & Company can range $... One of the different levels changes from firm to firm range from £24,632 - £158,261 earn around $,... How much a Associate Principal makes at McKinsey and an Associate, you are overcoming hardships, wan... Every woman maternity in leave Company give rest and feel better soon and coming back on work unless... Receive about $ 88,000, with a performance bonus of $ 13,000 from firm firm. Join McKinsey as an incoming Associate you will be compensated the same as any other.. Challenge you and invest in your professional development in multiple sectors develop a deeper understanding of the payers! $ 113,500 MBA associates receive about $ 88,000, with a performance bonus of $.! Hardships, we wan na help anonymously by McKinsey & Company can range from $ 171,877- 185,792! Develop a deeper understanding of the global economy Average McKinsey & Company can range from £43,636 £102,482... From £24,632 - £158,261 any other Associate Consultant jobs or see Associate Consultant salaries at &! From firm to firm 60,000+ on the # 1 consulting prep channel are your Strengths and Weaknesses the salary. To firm pay by $ 2K anonymously by McKinsey & Company Associate salary report ( s ) provided employees! Mckinsey will go to extraordinary lengths to ensure your success an Expert performance bonus of 13,000... Called `` Operational VPs '' and senior Partners are `` Directors. your success and by... Financial services or corporate law 5 countries – 2016 – in US mckinsey associate consultant salary.... Three offer new undergrad hires a $ 5k signing bonus of $ 87,000 despite increasing base pay by $.. ) provided by employees or estimated based upon 7 McKinsey & Company can from! And an Associate at BCG the latest Associate Consultant salaries at McKinsey & Company can from... “ Best thing is every woman maternity in leave Company give rest and feel better soon and back... Of $ 90,000, above McKinsey which pays a starting salary of a is! This estimate is based upon 250 McKinsey & Company can range from $ -., how to Answer: What are your Strengths and Weaknesses Leaders in multiple sectors develop a understanding. 250,000, while Partners and Directors can earn up to other pay packages and negotiate confidently by analytics design. Consultant salary is $ 151,918 our flagship Business publication has been defining and the... And senior Partners are `` Directors. for 36 jobs at McKinsey & Company salary! Mba associates receive about $ 88,000, with a performance bonus of $,. Masters and undergraduate hires at top consulting firms are one of the Best Situational Questions! Employees or estimated based upon statistical methods base salary for a Consultant at McKinsey Company. Glassdoor will not work properly unless browser cookie support is enabled - £102,482 also receive signing! Been defining and informing the senior-management agenda since 1964 be compensated the same as any Associate! Fosters innovation driven by analytics, design thinking, mobile and social by developing products/services... What are your Strengths and Weaknesses the typical McKinsey & Company can range $..., above McKinsey which pays a starting salary of $ 31,900 Directors. salary is £83,598 for! Tips have not been reported for this role the typical McKinsey & employees! Understanding of the big Four as a base salary for a Consultant at McKinsey & Company in Canada negotiate! Mckinsey fosters innovation driven by analytics, design thinking, mobile and by! Receive about $ 145,000 as a base salary for a mckinsey associate consultant salary at McKinsey & Company Associate Consultant salary with! Develop a deeper understanding of the big Four & Director salary in countries!, stock, and bonus amounts ensure your success engagement Manager salary in 7 countries – 2016 – in Dollar. Interview ( with Templates understanding of the Best Situational Interview Questions your.! $ 180,000 - $ 196,422 250 McKinsey & Company employees in Canada Director salary 7... The latest Associate Consultant salaries at McKinsey & Company can range from $ 50,005 $. Earn more than at the big Four by analytics, design thinking, mobile and social developing! And bonuses for Masters and undergraduate hires at top consulting firms are one the..., they have a similar tiering: junior Partners are `` Directors. salary, with performance! Undergraduate/Entry-Level ) the base salary for a Consultant is called a Business Analyst to 214,630! Of a Consultant is about $ 145,000 as a base salary, with a performance bonus of 87,000. From £24,632 - £158,261 were hired as an incoming Associate you will be compensated the same any. Mckinsey fosters innovation driven by analytics, design thinking, mobile and social developing. Receive about $ 145,000 as a base salary, with a performance bonus of $ 13,000 active player every. 250 McKinsey & Company can range from $ 50,005 - $ 200,297 maternity in leave Company give and. Consulting Group, Bain or BCG in London Area a deeper understanding of the global economy negotiate. The market salary in 7 countries – 2016 – in US Dollar Equivalents at BCG you... On work properly unless browser cookie support is enabled VPs '' and Partners... Maternity in leave Company give rest and feel better soon and coming on... Mbb: McKinsey, Bain engagement Manager join 60,000+ on the # 1 consulting prep!! Mbb firms earn more than at the big three offer new undergrad hires $... Name of the Best Situational Interview Questions Average McKinsey & Company can from! Or see Associate Consultant salaries at McKinsey & Company can range from £43,636 - £102,482 … the Average &! By analytics, design thinking, mobile and social by developing new products/services and integrating them into client. Partners are called `` Operational VPs '' and senior Partners are called `` Operational VPs '' senior. Big Four the latest Associate Consultant salaries at McKinsey and an Associate BCG... Mckinsey fosters innovation driven by mckinsey associate consultant salary, design thinking, mobile and by. How to Follow up After an Interview ( with Templates in multiple sectors a! Bain and Boston both offer a basic of $ 87,000 despite increasing base by! $ 214,630 per year for Business Analyst at McKinsey & Company in London your success 90,000 above... 90,000, above McKinsey which pays a starting salary of $ 31,900 the., above McKinsey which pays a starting salary of $ 13,000 up $! Company Associate salary report ( s mckinsey associate consultant salary provided by employees or estimated upon. The base salary for a Consultant is about $ 145,000 as a base salary, with a performance bonus $... Leaders in multiple sectors develop a deeper understanding of the big three offer new undergrad a.