How much does an MBA make at McKinsey?

How much does an MBA make at McKinsey?

McKinsey & Company McKinsey MBA consultants earn $175,000 in base salary with performance bonuses of up to $45,000. McKinsey also offers 50% off second year MBA tuition for returning interns. A McKinsey consultant salary for master’s graduates comes in at $100,000 with performance bonuses of up to $30,000.

How much does McKinsey pay in UK?

McKinsey Analyst Salary (2016)

How much do McKinsey graduates make?

McKinsey consultant salary prospects are particularly strong for MBA graduates, who can expect a base salary of $175,000. Master’s graduate salaries at McKinsey aren’t quite as strong, but still come in at an impressive $100,000.

How much do McKinsey MBA interns make?

$32,000
For the MBA Internship, McKinsey compensates its interns an impressive total of $32,000 for 10 weeks, a similar rate at Big 3 consulting firms. To put into perspective, this means that in just 10 weeks, a typical MBA intern at McKinsey makes approximately 70% of how much a typical American in any industry makes a year.

Who pays more McKinsey or Bain?

For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running.

Does McKinsey negotiate salary?

Unfortunately, you cannot negotiate your salary in McK. The base is fixed and the bonus depends on your yearly rating. Regarding being promoted earlier, this purely depends on your performance. Around 5-10% of consultants are usually ‘early’, meaning they will be promoted before their promotion window.

How hard is it to get into McKinsey?

McKinsey reportedly receives more than a million applications per year and hires less than 1% of them. The Top 3 consulting firms are among the ten most selective employers in the world and it is notoriously difficult to receive a job offer.

Does BCG or McKinsey pay more?

BCG boasts a performance bonus of up to $45,000, making it the more lucrative of the two for first year hires. Typically, McKinsey sets the standard for salary, and beats BCG to the punch in increasing salary rates. While responsibilities at each firm are similar for a newly hired MBA, job title varies slightly.

How many hours do you work at McKinsey?

MBAs at McKinsey & Co., one of the most prestigious employers in the world, told TransparentCareer that they work an average of 72 hours per week. At Boston Consulting Group, it’s 63 hours every week, while at Bain & Co., the average is 58 hours per week.

What is the average salary at McKinsey in the UK?

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. This is comparatively high compared to graduate salaries in most other fields.

How much can you earn with an MBA in the UK?

Their salaries typically start at £55,000 and can be as high as £65,000. For new MBA graduates basic salaries are between £80,000 and £90,000. Room for negotiation?

Will 2021 be the biggest MBA class in McKinsey history?

Brian Rolfe, global talent acquisition lead for McKinsey, told BusinessBecause that 2021 would see “the largest incoming class in McKinsey’s history”. MBA salaries at all three, however, have been frozen at the same level as in 2020, at a base salary of $165,000.

Are MBA consultants getting paid more in 2021?

Starting salaries for MBA consultants at McKinsey, Bain, and BCG frozen in 2021, while many other top consulting firms cut their pay packets MBA students are drawn to the consulting industry for its fast-paced work environment and generous salaries.