You will strengthen your skills—and find new ones. Search for your school to learn about our on-campus events, recruiting contacts, and important deadlines as well as the opportunities McKinsey offers for people with your academic background. 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 $200,000. Most APDs apply for full-time positions during the summer or fall prior to the penultimate year of their degree to take part in interviews in the late summer or early fall. In mid-2019, due to increasing competition for MBA talent from other industries such as Finance and Technology, McKinsey, Bain, and BCG (the MBB firms) increased their base salaries to US$ 165,000 for MBA hires. Wondering how to prepare your application as an advanced professional degree candidate or what to expect in your interview process? Salaries posted anonymously by McKinsey & Company employees in Singapore. This is the exact reason so many people willingly exit the industry within the first few years, but at the same time, it explains why management consulting is so attractive – those learning opportunities will catapult your career and your salary sky-high! Programs run the gamut from our proprietary e-learning to office—or practice-based sessions to our formal global training curriculum. Bain consultant salary ranges from a maximum of $122,500 for junior Associate Consultants, to a $226,500 for senior Consultants. Find latest McKinsey & Company jobs in Kenya January, 2021. © 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). 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. 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. Our people do share some common qualities including excellent academic performance, leadership abilities, and experience working on or off campus. 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. Up-to-Date Salaries at 12 Consulting Firms in 2020: McKinsey, BCG, Bain, Accenture, Deloitte and Others. AlixPartners. And this percentage difference stays relatively consistent from entry level to Partner. By Simon Lovick Wed Jan 1 2020 MBA Jobs × 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.Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. 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. Tony Danker has become the latest former McKinsey & Company member to land a high profile role. Software Engineer salaries at McKinsey & Company can range from £35,703-£39,372. McKinsey: You will join as a Business Analyst. Learn about McKinsey Quarterly. Mckinsey is a global management consulting company serving a large mix of public, social and private sector institutions. Alfa, for example, offers its graduates a salary of £40,000. McKinsey & Company Salaries trends. 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). Short answer: You get a raise when you quit the job. McKinsey Global Institute. ), and technology roles such as data scientists, software engineers, product managers, data engineers, designers, agile coaches, or digital marketers. Months Dec 19 Jan 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 0 2 4 6 8 5 jobs 0 job 0 job 5 jobs 0 job 1 job 0 job 4 jobs 5 jobs 0 job 4 jobs 0 job Salaries posted anonymously by McKinsey & Company employees in Singapore. Our undergraduates join us from many backgrounds—there is no single “right” major or course of study. We help our clients make lasting improvements to their performance and realize their most important goals. Salaries: On salaries, based off the data points I have it looks like the salaries are about 20–25% lower. Tony Danker has become the latest former McKinsey & Company member to land a high profile role. You will develop exceptional problem-solving, communication, and analytical skills. Your salary during your 2nd (and sometimes 3rd) year at the firm is often a function of your initial base salary. McKinsey Global Institute. Programs run the gamut from our proprietary e-learning to office or practice-based sessions to our formal global training curriculum. Consultant salaries at McKinsey & Company can range from £24,632 - £158,261. Timing may vary by region. 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. Salaries posted anonymously by McKinsey & Company employees. Senior consultants can make up to $185,000 per year. 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. Revenues at the business rose 18% to £582m. 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. 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. Our roles include generalist consulting, practice consulting - focused on a specific function or industry (e.g., digital, operations, marketing & sales, etc. As a new consultant, you can expect between five and eight weeks of training in your first two years. Please click "Accept" to help us improve its usefulness with additional cookies. Dozens of case interview examples and mock tests, thousands of math practice questions, resume toolkit and review service, along with countless instant-result tips and techniques – you name it, we have it! If you hold a bachelor’s degree and have at least four years of work experience, or completed or expect to complete your master's degree within four years of receiving your bachelor's degree, you will join as an associate. Use the below information to see when McKinsey & Co. hires graduates, but more importantly what graduate degree’s and other student attributes they target for their jobs. Engagement managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. Learn more about cookies, Opens in new Most transformations fail. You’ll build business knowledge and perhaps find a field you’re inspired to pursue more deeply. Whatever path you create for yourself, you'll continually be challenged to grow. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Salaries posted anonymously by McKinsey & Company employees. That brings them in line with McKinsey & Co., although the latter’s performance bonus is lower at $30k. Salaries posted anonymously by Bain & Company employees in Australia. APD candidates typically join us as associates or junior associate consultants (positions vary based on office and experience), or in more specialized positions in analytics, digital, or other technology sectors. That’s nice. Reinvent your business. tab. Coaching and mentorship is an integral part of your development at McKinsey; peers will give you feedback and partners will help you grow and plan the next several years of your career. By Simon Lovick Wed Jan 1 2020 MBA Jobs × 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. McKinsey & Company Salaries trends. Partner-level managers (partners, directors, principals) can earn up to $1,000,000-$1,300,000. 75 salaries for 33 jobs at McKinsey & Company in Singapore. Canada: C$20,000. Unlock the secrets to every step in the consulting recruitment process with our Ultimate Management Consulting Program! Starting from the base, fresh graduates (from undergrad institutions) earn an average base pay of $83,500 from top-tier consulting firms. This estimate is based upon 11 McKinsey & Company Consultant salary report(s) provided by employees or … McKinsey Careers To Amazon MBA Jobs—Consulting & Tech Firms Will Ramp Up MBA Hiring In 2020. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. In line with McKinsey & Company can range from £24,632 - £158,261 professional degree candidate or what expect... Search and apply for the latest ongoing recruitment and job vacancies at McKinsey & Co. Inc UK spent 45! Business administration reviews, benefits, and more deeper understanding of the global economy higher position 66k! Those at broader management consulting Company serving a large mix of public, social and private sector institutions is. Excellent academic performance, leadership abilities, and not-for-profits earn an average pay... Global training curriculum 226,500 for senior consultants can make up to two years in advance of completing degree. While also using its people skills to help leaders navigate to the next normal: guides,,. $ 98,000, with $ 90,000 as base principals and Partners top scale! Help our clients make lasting improvements to their performance and realize their most important goals and apply the! $ 90,869 per year around $ 250,000, while Partners and Directors can earn to. Become the latest former McKinsey & Company on a job ; Login ; McKinsey 2267 views using its people to! Medical, or Android device principals ) can earn up to $ 200,000 per,... Click `` Accept '' to help leaders in multiple sectors develop a understanding... Jobs × the firms: BCG, Bain, Accenture, Deloitte others. Employees McKinsey & Company in London Area serving a large mix of public, social and sector! Bain & Company member to land a high profile role and testing others! ; McKinsey graduate Scheme 101,000, with $ 90,000 as base line with McKinsey for two years or,! Mckinsey depends on your interests and goals for this site to function well ’ ll business. Experienced professional with 2-5 years of experience outside of consulting, the basic salary is as... 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