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. 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).
How much does a McKinsey partner make?
McKinsey salary table
| Role Title |
Base Salary |
Bonus |
| Business Analyst |
$90,600 |
$23,500 |
| Associate |
$164,300 |
$28,000 |
| Engagement Manager |
$204,000 |
$58,500 |
| Associate Partner |
$225,000 |
$177,000 |
1 more row
How much does a specialist at McKinsey make?
Average McKinsey & Company Specialist yearly pay in the United States is approximately $146,343, which is 192% above the national average.
What are the job levels at McKinsey?
That is correct, the traditional track at McKinsey from bottom to top is Analyst>Associate>Engagement Manager>Associate Partner>Partner. Moving from one position to the next normally takes 1 to 3 years. Each one of the previous role develops from Junior to Senior (e.g. from Junior analyst to Senior analyst).
How much does an EM at McKinsey make? – Related Questions
Is it hard to get a job at McKinsey?
How Hard Is It to Land a Job at McKinsey? According to a recent interview, the firm accepts only 2,000 out of 200,000 applications. This means you only have a one percent chance of getting hired. However, this should not deter you if you feel you have the right skills and experience.
Does McKinsey negotiate salary?
You have very little room to negotiate. Even if you have an offer from McKinsey, Bain, and BCG, you may not be able to leverage your other offers to negotiate for an increase in compensation at another top firm.
How is McKinsey structured?
McKinsey & Company was originally organized as a partnership before being legally restructured as a private corporation with shares owned by its partners in 1956. It mimics the structure of a partnership and employees are called “partners”. The company has a flat hierarchy and each member is assigned a mentor.
Who is the youngest Partner at McKinsey?
Bryony Winn is a Partner in McKinsey and Company’s Chicago office and a leader in both the Healthcare and Deals and Transactions practices.
Is consultant higher than analyst?
Generally Consultant is a higher level position(though this position does not exist in every company). Business Analysts have to gather and document requirements from clients.
What is the hierarchy in consulting?
Consulting Career Ladder – Positions in Office
Level 1: Junior Consultant / Analyst– Undergrads enter the firm at this level. They handle small workstreams or support senior consultants in larger, more important workstreams. Level 2: Senior Consultant / Associate – MBA grads enter the firm at this level.
Is McKinsey better than Deloitte?
McKinsey & Company scored higher in 8 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Senior Management, Compensation & Benefits, Career Opportunities, Recommend to a friend and Positive Business Outlook.
How prestigious is McKinsey?
In other words, the majority of people in consulting fields agree that MBB are the best firms when it comes to prestige.
1.1. MBB Firms Have Much Higher Prestige Score (Vault 2020)
| Rank |
Score |
Name |
| 1 |
8.984 |
McKinsey & Company |
| 2 |
8.738 |
Boston Consulting Group |
| 3 |
8.600 |
Bain & Company |
| 4 |
7.121 |
Deloitte Consulting LLP |
Is McKinsey better than Big 4?
McKinsey’s education and technology practices are much stronger than those of BCG or Bain. But in private equity, Bain offers more. MBB have strong resources and expertise in specific areas, and candidates with different backgrounds usually have a better chance at one of them over the other consulting firms.
Does McKinsey or Bain pay more?
MBA/PhD hires
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.
Is McKinsey better or KPMG?
McKinsey & Company scored higher in 9 areas: Overall Rating, Culture & Values, Diversity & Inclusion, Senior Management, Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook.
What is the number 1 consulting firm?
McKinsey is known as the “gold standard” in management consulting and is the most recognized management consulting firm in the world. McKinsey hires the smartest and most talented people and has generated the greatest number of Fortune 500 CEOs.
Is McKinsey a Big 4?
The big four consulting firms that account for nearly 40% of the industry are PwC, Deloitte, EY, and KPMG. These are followed by McKinsey & Company and the BCG – US strategy giants.
Who are the Big 4 in consulting?
The Big 4 firms in management consulting are Deloitte Touche Tohmatsu (Deloitte), KPMG International (KPMG), PricewaterhouseCoopers (PwC), and Ernst & Young (EY). As of 2020, they are the four largest consulting firms in terms of revenue.
What is the highest paid consultant?
Top 15 highest-paying consulting jobs
- Software consultant.
- Business consultant.
- Consultant.
- Security consultant.
- Management consultant.
- Financial consultant.
- Systems consultant.
- Senior consultant.
Can you make millions in consulting?
Of course! Many successful entrepreneurs have been able to work as a consultant and grow their business to a million-dollar enterprise. It takes hard work, determination and some help along the way, but it’s certainly possible.
