Mckinsey salary progression Salaries posted anonymously by McKinsey & Company employees. Jun 2, 2025 · The McKinsey salary progression depends on experience accumulated within the company. May 13, 2025 · The career progression for a McKinsey consultant is broken down into 6 main steps. A concise hub for McKinsey careers: why McKinsey, who they hire, roles, recruiting timelines, interviews (PEI), salaries, and office guides. Jan 5, 2022 · 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 and Co employees in different groups or divisions tend to have different salaries as well. While employees in the Corporate Finance sector earn an average yearly salary of $85,000. To learn Jun 8, 2025 · McKinsey & Company is one of the most prestigious management consulting firms globally, known for offering competitive salaries and excellent career growth prospects. Ask any questions on your management consultant career! Mar 28, 2025 · Discover the 2025 salary trends for McKinsey management consultants, including earnings, influencing factors, and career progression. Hoping some one will be able to shed some light on future expected comp for those in the consulting industry. BCG and McKinsey in particular do a ton of MBA recruiting, so it's probably easier to get in through an MBA program, but that has no impact on salary. They hire the best minds worldwide and provide them with further opportunities in their careers. View the base salary, stock, and bonus breakdowns for McKinsey's total compensation packages. The Analyst and Associate Levels: Early-Career In Strategy Consulting In the early days, top consulting firms were led by people Jun 28, 2021 · Salary at McKinsey compared to a bit lower firms in terms of revenue In firms like Roland Berger and Simon Kucher & partner, the starting salary at the undergraduate level may be higher than that of the Mckinsey but at higher levels, Mckinsey has impressive salaries to offer. Starting at the entry-level, consultants climb the ladder through merit and experience, guided by their leadership contribution and problem-solving. MBB is the acronym that many young professionals use to describe the upper echelon of management consulting: McKinsey, Bain, & BCG (Boston Consulting Group). McKinsey’s salary is determined based on several factors: job role, performance, and experience. Edit: I forgot to add that these partners base salary was $250K–$400K. Jan 30, 2025 · Do Bain, McKinsey, and BCG salaries still beat Big Four salaries? See full list on mconsultingprep. 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. 02K subscribers Subscribe Could anyone shed some light on the salary progression of an MBA (non-MBB) consultant 5-10 years out? No need to discuss partner comp due to variability. Links to deep dives. We’ll cover an array of topics related Dec 24, 2017 · Find out more on McKinsey Hierarchy: The Different Position Levels on the PrepLounge Consulting Q&A forum. What’s the difference between an “associate consultant,” “business analyst,” or “associate”? Short answer: not much. Even the partners making $3M+ had base salaries around $300K. It's a middling grad salary for London, and low for how much you work. Apr 10, 2025 · The estimated average salary for a Consultant at McKinsey & Company is $126,390 per year or $61 per hour, but some professionals have reported earning up to roughly $221,045 per year (90th percentile). Top consulting firms like Deloitte, Accenture, and McKinsey offer competitive compensation packages that A free inside look at McKinsey & Company salary trends based on 122 salaries wages for 35 jobs at McKinsey & Company. Known as one of the world’s largest and most prestigious consulting firms, McKinsey is highly sought after by business graduates and professionals alike. Digital solution consultants at McKinsey typically start with a competitive base salary, and their compensation package may include bonuses, profit sharing, and other benefits. It's important to note that compensation can vary widely depending on a number of factors including firm, location, performance, and economic conditions. We cover the “Big 5” (Deloitte, PwC, KPMG, EY and Accenture) and “MBB” (McKinsey, Bain and BCG) firms and share data in Australian dollars. We would like to show you a description here but the site won’t allow us. 2 days ago · McKinsey's salary ranges from $8,033 in total compensation per year for a Administrative Assistant in India at the low-end to $449,695 for a Management Consultant in United States at the high-end. The median yearly compensation in United States package totals $298K. They offer many incentives to their Nov 9, 2024 · McKinsey Associate Salary Breakdown (2025) was originally published on Leland. In this video i have covered the major consulting firms - Mckinsey, BCG and Bain (popularly known as MBB). Oct 20, 2025 · However, top consulting firms like McKinsey, BCG, and Bain provide comparable earning potential, particularly thanks to rapid career progression, bonuses, and attractive benefits. See the below picture for an illustration. The estimated total pay range for a Associate at McKinsey & Company is $220K–$278K per year, which includes base salary and additional pay. 5yrs) - £110,000 Engagement Manager (2-3yrs) - £150,000 Junior/Associate Partner - £210,000 This is the absolute fastest progression. Associate (1. Landing a Feb 9, 2022 · In this post, we compare salaries across Australian consulting firms. This is based on 376 salaries submitted by McKinsey & Company Consultant professionals on Dec 20, 2024 · The career progression up the consulting pyramid is known to be ruthless (and political), especially at top strategy consulting firms such as McKinsey, Bain, and BCG. In terms of responsibilities and time in role, the roles at the top three consulting firms (McKinsey, Bain, and BCG) are very similar. This equates to an average McKinsey salary progression of 20% per year! This blows away the 2-5% average increase you'll receive in most industries!. In this article, we outline the career path for generalist consultants at McKinsey BCG and Bain, and examine the firms’ approach to managing career progression. The UK Consultant salary at MBB firms ranges from £90,000-£97,000. com A McKinsey associate principal salary sits between $275,000 to $350,000, while McKinsey partner salary prospects start between $375,000 and $450,000 at junior level, going up to $500,000 to $700,000 for a senior partner. However, I can provide some Nov 16, 2022 · Salary progression | Compensation breakdown | Getting started Consulting is a popular career choice, especially for people coming out of college, due to its promise of high pay and engaging work. Aug 20, 2025 · The average UK consultant salary is ~£85,000. May 23, 2022 · Differences between MBB firms McKinsey, Bain and BCG are, unquestionably, the top three consulting firms in the world. >> 3 steps to get McKinsey Offer In comparison to the corporate sector, McKinsey salaries will experience substantial growth over time. A new report reveals management consultant salaries at the likes of McKinsey, Bain, and BCG remain flat in 2025, marking the third consecutive year without increases Oct 28, 2025 · What Does the Salary of a Management Consultant in the US Consist of? Consultant salaries in the United States can vary significantly depending on factors such as experience, location, and field of expertise. Explore McKinsey & Company salaries in Zurich Explore how much McKinsey & Company employees make through salaries, wages, tips, bonuses, stock, commissions and more. This article dives deep into McKinsey’s salary McKinsey salaries: Business analysts (fresh out of undergrad hire) earn a $75,000 salary + $5,000 signing bonus + $5,000 relocation allowance. 5m. Almost all our tech clients were positioned to far exceed our MBB partners, and they worked half the hours these partners worked. The following roles constitute the traditional, generalist strategy consulting positions. Total compensation packages for MBA consultants at the Big Three consulting Jun 8, 2023 · The management consulting career path is considered integral to the early career and/or the professional aspirations of countless MBA applicants that our team has advised over the last two decades. For reference, that's about the same as a grad salary progression at fucking BT in 2018, except if you adjust for inflation a bit grad was earning the equivalent of 42k today by year 2. Add a performance bonus of up to $40,000 and a $30,000 signing bonus to round out the cash compensation, and you're looking at earning up to $262,000 in your first year. If you’re looking for US Jun 18, 2025 · A McKinsey salary this low on our list? That's right - McKinsey checks in on our best consulting firms for consulting salary ranking with a $192,000 base salary. Let’s take We would like to show you a description here but the site won’t allow us. The additional pay consists of cash bonuses, stock bonuses, and profit-sharing. From entry-level to senior positions, salaries in consulting cover a wide range. McKinsey Roles & Salary: Upon joining McKinsey, your compensation will vary significantly based on your position, your performance and the firm’s performance. 34308 salaries for 1315 jobs at McKinsey & Company in New York City. 3 days ago · Management Consultant compensation in United States at McKinsey ranges from $121K per year for Business Analyst to $388K per year for Partner. At that level of seniority, bonuses can exceed $500,000. 4 days ago · Management Consultant compensation in United States at McKinsey ranges from $121K per year for Business Analyst to $388K per year for Partner. How much does McKinsey increase salary? McKinsey Career Path They earn annual raises that are typically 90% of the performance bonus from the previous year added on to the previous year's base salary. Dec 23, 2022 · Want to learn about the hierarchy and salaries at McKinsey? Read this insightful article by a former McKinsey consultant. Salaries posted anonymously by McKinsey & Company employees in New York City. Employees typically move from junior to senior status within a role before being promoted. For example, employees in the Consumer Retail sector earn an average yearly salary of $250,000. In management consulting, MBB stands for McKinsey & Company, Boston Consulting Group, and Bain & Company, the three most prestigious firms in the industry (also known as the “Big Three”). Jul 8, 2021 · This salary progression and other benefits are why Mckinsey’s salary has become a topic of discussion in the consulting world. (All salaries are for roles in USA) >> MBB Screening tests (Free McKinsey Red Rock Game!) McKinsey Business Analyst Salary: Individuals with the Nov 17, 2021 · How much can you make at McKinsey per year? We break down the signing bonus, base salary, bonus and profit share for every role and level. Mar 1, 2024 · Based on the most helpful WSO content, let's break down the compensation trajectory for consulting roles in the U. McKinsey and BCG pay £90,000 and £93,000 respectively. The median yearly compensation in United States package totals $294K. Oct 8, 2025 · Glassdoor salaries are powered by our proprietary machine learning model, which utilizes salaries collected from our users and the latest government data to make pay predictions. But what is the McKinsey associate McKinsey & Company Salaries trends. Oct 23, 2025 · Discover management consultant salary in 2025, with base pay, bonuses, consulting salary progression, and how much consultants make at McKinsey, BCG, Bain. The most junior position is a Business Analyst role (#1), and the most senior position is Partner (#6). It's actually a terrible salary in context. Jul 15, 2025 · The McKinsey hierarchy serves as a framework for consultants to gauge their progression and responsibilities. Salary data from real offers - updated annually! See 2024 consultant salary data for McKinsey, BCG, Bain, Big 4 firms, and over 90 more! McKinsey & Company consulting salary 2023 Read more: McKinsey Salaries & Benefits McKinsey's salary for junior-level consultants likely ranges from $100,000 to $140,000 per year, while the figure for MBA-level/experienced Associates can be over $200,000. The average base salary for a partner at McKinsey & Co in the United States is $477,000 and the average total salary is between $1m and $1. Deloitte Consulting in the UK pays its consultants £91,000. Bain's consultant salary in the UK is the highest out of the three at £97,000. Good, viable jobs are the foundation of experience-based job progressions. Certainly good money, but not on par with law and banking; you'll make associate money in your 6th year on the job Sep 21, 2023 · McKinsey, BCG and Bain all offer consultants the prospect of rapid career progression along a structured career path, with the opportunity to become a Partner and command a million-dollar salary in just eight to 11 years. Feb 26, 2023 · For (TC): Business Analyst (2yrs) - £55,000 Associate/Sr. , focusing on both MBB (McKinsey, Bain, and Boston Consulting Group) and Tier 2 consulting firms. Here’s a snapshot of the salary progression you can typically expect in consulting: Entry-level roles (Analyst/Associate): Starting at $90,000 - $120,000 USD annually, with performance Oct 23, 2025 · Management consultant salary data: details on what graduating seniors & MBA students can expect to make at McKinsey, Bain, & BCG. MBB consultants are recruited with the highest standard (<1% passing rate), paid the highest salaries (starting at $80,000/year in the US), and have the best exit opportunities in the industry. Typical 2025 McKinsey salary ranges by level for the US and Europe, plus bonuses, one-time items, benefits, and partner profit share explained. Discover McKinsey salary details from Business Analyst to Partner, including base pay, bonuses, and career progression for consultants. Jun 13, 2025 · Curious about the salary of an associate at McKinsey? This article takes a deep dive into the compensation packages offered by one of the world's top consulting firms. Average salary can reach up to ~$5,000,000 per year. How much does a McKinsey consultant make? Compensation starts at $100k and only increases as you move up the ladder. A significant portion of this salary is derived from project commissions sold by Senior Partners and the overall performance of the firm. Associates (fresh MBA hire) earn a $125,000 salary + $20,000 signing bonus + performance bonus of up to $40,000 + 12% of bonus/salary contributed to retirement fund. For candidates who are interested in a career in consulting, there’s a good chance they’ve heard of McKinsey & Company. And, to be honest, there’s not that much difference between the two. The typical pay range is between $94,792 (25th percentile) and $170,251 (75th percentile) annually. These data are sourced from the Australian Financial Review’s Consulting Salary Guide, 325 Consulting Salary Guide, Glassdoor, and LinkedIn salaries. Jul 17, 2021 · McKinsey Salary Progression – An Overview 2021 The salary offered by McKinsey is a widely discussed topic around the world because this company is heard to provide great packages to its employees, even the fresher who have expertise in a particular field. Nov 13, 2024 · Consulting Salary Overview Consulting salaries, particularly at prestigious firms like McKinsey, Bain, and BCG (known as MBB), are among the highest for recent graduates and experienced professionals alike. In practise, it's likely to be longer if you include an or secondment. Reply reply More replies Imaginary_Rub_9439 • First of all I’m assuming it’s in gbp so A free inside look at McKinsey & Company salary trends based on 34497 salaries wages for 1329 jobs at McKinsey & Company. It actually makes no difference; people without MBAs at the same level get paid the same at all three MBB firms. They are all staffed by incredibly high-performing and intelligent people, have a strong support network of staff and resources, offer great salaries and perks, and have accepting and supportive cultures Feb 26, 2025 · McKinsey Global Institute research analyzes the US gender pay gap, finding that nearly 80% stems from differences in women's and men's work experiences. Mar 16, 2023 · Regarding salary progression at McKinsey, the firm offers its employees a highly competitive compensation package. S. As we step into 2025, understanding the salary trends at McKinsey is crucial for aspiring consultants, professionals considering a career switch, or those evaluating job offers. Jun 2, 2021 · For a more inclusive US economic recovery, decision makers need to support low-wage job seekers not just in finding jobs but—wherever possible—in finding good, viable jobs. Their lifestyle as revealed by their intern and the kind of salaries they pay at Bschools With my former experience at McKinsey, I’ll guide you through a typical career path of a consultant, give you some insights about the firm, and hopefully, help clear your confusion! There are two major tracks in consulting: (1) the traditional consultant and (2) the supporting tracks. McKinsey salary progression #mckinsey #salary #salarytransparency #salaryincrease #london Korean Consultant 1. McKinsey & Company is one of the most prestigious career destinations.