How much does a consultant at McKinsey earn?

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.

How much do McKinsey MBA consultants make?

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.

What does McKinsey London pay?

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.

How do I become a McKinsey consultant?

McKinsey firm members come from a variety of backgrounds. People with bachelor’s degrees who are interested in consulting typically join our firm as business analysts, also known as fellows in some offices. Some stay for two or three years before attending graduate school or gaining further work experience.

Which university does McKinsey hire from?

Not surprisingly, the target schools at McKinsey include the big brand powerhouses that dominate the top of most MBA rankings. It will surprise no one to know that every M7 school is on the list: Harvard, Stanford, Wharton, MIT Sloan, Booth, Kellogg and Columbia.

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 many hours do McKinsey consultants work?

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.