Partner at mckinsey salary

The firm is popular among b-school grads, offering some of the largest salaries in the consulting industry. These numbers are just starting salaries.

Source: Glassdoor. Figures in this chart represent the highest available data points. Read more: Salary of Top Consulting Firms The precise numbers vary from place to place, and we will provide additional insights where possible. Business allowance is also not presented here.

Partner at mckinsey salary

Preparing for interviews? Get RocketBlocks. This is a fun topic to discuss. I remember being floored when I first joined BCG and saw the salary bands presented internally! The fun part though is in the details that drive that variance. 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. There are junior partners and senior partners. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director. Every firm has a different way of calculating partner compensation, so it can vary but they all generally look at the same drivers:.

This makes their k plans better than what other consulting firms offer.

Note: Salaries for consulting roles can vary immensely. However, you can find accurate salary ranges - based on the current market - in our interactive salary guide calculator. 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. Did you know? We are part of Org , a more human kind of professional services company that harnesses the power of talent to bring better business outcomes through advisory, resourcing and delivery. For a confidential discussion around salaries, market insights or talent availability, feel free to reach out to our strategy recruitment team. Things like recruiting take up a huge amount of time.

Source: Glassdoor. Figures in this chart represent the highest available data points. Read more: Salary of Top Consulting Firms The precise numbers vary from place to place, and we will provide additional insights where possible. Business allowance is also not presented here. The figures in this article are rounded to the closest Actual figures may vary, depending on location, position, experience, performance, and report time. However, it's worth noting that Glassdoor is known to be a platform where users can anonymously share their salary and compensation information. As such, it can be difficult to verify the accuracy of the data presented.

Partner at mckinsey salary

The COVID pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. Until this year, however, pay at the big consulting firms had been climbing. Management Consulted says the rise was most notable in , when firms hiked salaries as they fought a war for talent with tech firms. Tech firms haven't gone away, so consulting firms have taken measures to soften the blow of stagnant pay. The figures are drawn from Management Consulted. Undergraduate hires. Salaries and signing on bonuses for undergraduates remained flat at the MBB firms compared with While MBB firms froze salaries, they offered other perks, and there are some differences here. McKinsey was a bit more generous with retirement assistance, setting aside 7. There is also some variance over the size of relocation packages, with Bain being the most generous.

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With the ever-advancing march of technology across all sectors, digital skills are vital in consulting and McKinsey is seeing increasing numbers of candidates with programming and coding skills. Overview Learn more about our full talent services. Company performance: how is the business performing overall? These numbers are just starting salaries. This makes their k plans better than what other consulting firms offer. Are you preparing for consulting interviews? McKinsey remains committed to inclusive leadership and is looking for people who value and practice it. Jobs Consultants Articles Please select Get RocketBlocks Interview Prep. Our 1st years just had a great recruiting season thanks to RocketBlocks and it helped me land my McKinsey internship. Common fringe benefits include health insurance, life insurance, tuition assistance, childcare reimbursement, employee discounts, employee stock options, and the privilege of using a company-owned vehicle for personal use. Article Career Advice. Things like recruiting take up a huge amount of time. Retirement: Minimum 7. Let's look at the three big factors that drive that variance:.

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Furthermore, consulting firms do not openly disclose their salary information. With over , candidates applying each year, the acceptance rate is only 1. Business allowance is also not presented here. McKinsey also makes a k retirement contribution of 7. Also, it's worth calling out that the specifics of these formulas are closely guarded at every firm. What do I mean by this? Figures in this chart represent the highest available data points in each location. Great year? McKinsey provides fully comprehensive health insurance plans with a broad range of coverage options, which results in employees paying less for better health services. We asked Sydney Streets , senior manager of North America recruitment for McKinsey, what the firm looks for in potential consultant hires. OK year? There are junior partners and senior partners. Cases sold: what business did you bring in? Read more: Salary of Top Consulting Firms For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director.