So all in all, the total compensation for a junior partner can be between $500k and $1m. This is equivalent to $64,778. Bonus/compensation for a junior partner is within 500,000 dollars- 1million dollars. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Remove filter. Join now Sign in Yi Zhou's Post Yi Zhou Associate Partner at McKinsey and Company 3w Report this post Report Report. The salary of Mckinsey is also of utmost interest to those seeking a career at Mckinsey. Associate Partner salary at McKinsey & Company ranges between 67.0 Lakhs to 125.0 Lakhs per year. You will rarely see a Senior Partner in the team room and sometimes only attend the most important CEO meetings. These social benefits may include; paid family leave and others. At the more senior end of your Associate stint, you are expected to take on the tasks of an Engagement Manager. Manager - Sustainability. Mattiellistrasse 3/28, 1040 Vienna, Austria. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-box-4','ezslot_5',194,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-box-4-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'howigotjob_com-box-4','ezslot_6',194,'0','1'])};__ez_fad_position('div-gpt-ad-howigotjob_com-box-4-0_1');.box-4-multi-194{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:7px!important;margin-left:auto!important;margin-right:auto!important;margin-top:7px!important;max-width:100%!important;min-height:250px;padding:0;text-align:center!important}. Bad year? Unlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. A quick promotion from 1 to 2 is possible after 6 or 12 months depending on your development speed. Lagt ut 10.11.30. Senior Partner P3 is either a Regional Director or Member of the Management or Supervisory board of the company. Engagement managers,4. Mckinsey Partner Salary- How Much Does A Partner at Mckinsey Make? Averages based on self-reported salaries. We and our partners use cookies to Store and/or access information on a device. The estimated base pay is $216,177 per year. Its not a fellow = ba in These European countries but rather ba roles dont exist at all since the salary levels for fellows are close to ASC and more or less aligned everywhere (except Africa, India, etc). Partner -> P1, P2 and P3. Always find the time, you could end up regretting it for the, If you are changing careers, your cover letter is an opportunity to give an explanation of why you. You are also expected to have an MBA as this would boost your chances of becoming a partner faster than when you have your college degree. We can help you by. Hi, this seems very much aligned with my previous answer. He started StrategyCase.com with the goal to make top-tier consulting firms more accessible for top talent, using tailored and up-to-date know-how about their recruiting. Salaries posted anonymously by McKinsey & Company employees in Toronto, ON. Florian spent 5 years with McKinsey as a senior consultant. As does speaking at conferences, boosting the businesss brand, mentoring and alike. Delivery Manager, McK question. Partners are owners of the firm. Associate Partner salaries at McKinsey & Company can range from 130,463 - 167,583 per year. At this level, consultants start to specialize either in a particular business function (e.g., Strategy and Corporate Finance) or a particular industry practice (e.g., Banking). Whats more important is how fast you get promoted. A partner at Mckinsey earns on average $402,000 per year. Master the McKinsey Problem Solving Game. Manage Settings Mckinsey H1B Salary 2022. I know tha. Of course, your preparation for mathematical tasks should not be neglected! Salary guide. BCG/Tier 2 Strategy Partner ranges from 1.5 crore. Real interview drills. Average Mckinsey Associate Salary in 2022 is $168,169 Per Year. The sooner you develop this useful skill, the better! Partner Salary at Mckinsey - Those with the title "partner" at Mckinsey earn a base salary of $402,000 per year. Written by RocketBlocks experts. Aside from the salary an employee receives, they are also entitled to some benefits, discussed later in this article. These differences show the effect location has on Mckinseys salary. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. Bonus/compensation for a senior partner is within 550,000 dollars- 4.5million and above. The firm has offices in more than 130 cities around the world and serves clients in all major regions of the world. (, Our client is Energy England, one of northern Englands largest electric utility companies. Your email address will not be published. Additional pay could include bonus, stock, commission, profit sharing or tips. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. These % are very well kept within the firms, as well as the % of candidates that make it to each step of the recruitment process. They earn annual raises that are typically 90% of the performance bonus from the previous year added on to the previous years base salary. If you have never worked in consulting this is a good starting point since you can get more experience before starting to manage projects and have more time to improve if you fail at something, As a promotion from SBA position if you are not getting MBA and your performance is not good enough to get a DTA (Direct to Associate promotion), Watch how to Crack the Ecosystem Game in 23 Minutes, Find Out how to Resist 25+ Turns in the Plant Defense Game, Receive for FREE the McKinsey Imbellus Game Secrets Guide, Hands-on example to solve the game and support you, Learn the Exact Steps to Crack the 6 Games of the Imbellus, Discover the Proven Way to Master the 5 Skills Tested in the Game, Create your Ecosystem Chain Automatically with the Automated Excel Included, Learn how to correctly prepare and structure your McKinsey PEI, Impress your McKinsey interviewer with a perfect PEI, McKinsey PST preparation guide incl. We are ok with that. The Firm formally implemented an up or out career progression strategy in 1951. The difference might not be so much, but the base salary and the bonuses would differ. McKinsey & Company, Has anyone done direct to EM from BA in McK US or Canada? Senior Associate $210K. There is also some variance over the size of relocation packages, with Bain being the most generous. When factoring in bonuses and additional . Partner salaries at McKinsey and Company average around $800,000 and can go up to $3 million a year. Company reviews. Answer (1 of 6): Depend on the country What I have seen across a few McK offices in different countries, is a base salary, plus a bonus based on a combination of own performance and office performance. For experienced professional with 2-5 years of experience outside of consulting, the basic salary is . Pay is likely to be divided similarly at McKinsey & Co. McKinsey & Co. Inc UK spent around 45% of its revenues on paying staff last year. 3K followers 500+ connections. Adherence to the highest professional standards, Having a conducive environment for exceptional people, Improving clients performance to a significant level. Project Leader (3-4 years out of MBA): $200K - $230K. If you want to become a partner in a particular practice, the best thing for you to do is observe the current partners closely to get a good glimpse of what might be expected of you when you make a partner. Bain's consultant salary in the UK is the highest out of the three at 97,000. Associate Partners5. . We are consistently ranked as the best McKinsey coaches on PrepLounge. A McKinsey associate principal salary sits at around $275-to-$350,000, while McKinsey partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. The article did not discuss the specific tiles that each of the three firms uses. They are present in over 65 countries with about 9000 consultants globally. Some partners are more hands-on than others and visit the team once per week for common problem-solving sessions and client presentations. We are happy to help and offer a tailored program to help you break into McKinsey. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. There are many considerations that contribute to salary packages to include the following: Things like recruiting take up a huge amount of time. Looking at the final numbers, I'm guessing you'll agree with my initial reaction when I joined BCG: whoa! Associates,3. Principle - is the only career level which has not yet been splitted furhter. 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). The associate partners base salary is expected to be around 300,000 dollars- 400,000 dollars. This growth can be attributed to the strong demand for McKinseys consulting services, as well as the firms ability to attract and retain top talent. The base salary for the following year is the base salary of the previous year +90% of the bon. Find jobs. Partner, total compensation: $1M - $5M+. Majority of them make 3 crore for bringing in 9 crore plus revenue. Note: the salary data for this post was informed by the data presented by Rocketblocks.com. Associate $204K. Not every firm is the same, and so the bonus I might receive as a partner in the United Kingdom would be different from the bonuses you might receive as a partner in the United States. Engagement managers,4. McKinsey is no exception. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. This is confirmed by the latest Harvard MBA employment report, which puts salaries for Harvard MBAs going into consulting at $165k for 2021, the same as one year previously. You should also note that it is quite rare for you to jump so many levels as becoming a partner in becoming a partner is based on merit. At Keyway we celebrate diversity and recognize the value it brings to our customers and employees. The average partner is an associate partner or a junior partner with a salary between $202,321 and $836,580. Salary information comes from 6 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Every firm has a different way of calculating partner compensation, so it can vary but they all generally look at the same drivers: Cases sold: what business did you bring in? Time is split across several teams to give content and . You are also expected to develop your skills to work effectively. Skip to Job Postings, Search. Sample answers from ex-McKinsey, BCG and Bain consultants. You can always change your preference in the, I want to be notified about updates regarding this question via email, McKinsey Problem Solving Game Guide 2021, Learn How to Prepare for the McKinsey Case Interview from an Ex McKinsey Consultant, McKinsey PEI (Personal Experience Interview) How to Prepare and Ace PEI Questions in the Best Way Possible, Imbellus Solve Combo: Guide + Videos by Francesco, Imbellus Test at McKinsey Guide by Luca, McKinsey Imbellus Solve Game Secrets by Francesco, The Secret McKinsey PEI Cheat Sheet by Robert, Prep Guide for McKinsey PST by PrepLounge, Cutting Carbs - Divestiture in the Electrical Power Market, After the interview, if you don't have enough relevant experience for an associate role / performed not perfectly in the interview. on Mckinsey Salary Progression Overview 2021, Mckinsey Salary Progression Overview 2021. $250,000/ yr Additional Pay. The average McKinsey & Company salary ranges from approximately 2,79,123 per year for an Assistant Process Associate to 19,00,687 per year for a Project Manager. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.Those six-digit salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you are reading this article; so lets find out how much McKinsey pays its consultants in 12 different countries. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. On the behalf of PrepLounge, I wanted to recommend having a look at some resources that are helpful when preparing for the McKinsey interview. Engagement managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. Ok, now, let's put it all together. Bonus: $150K - $500K. Where does it fit into the hierarchy? Finally, after partner, there is the Senior Partner role. Find out what other professionals are saying about Associate Partner Salary. Quick answer: between $500K - $5M. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. The most effective case book has arrived! Note: Salaries for consulting roles can vary immensely. on Mckinsey Partner Salary- How Much Does A Partner at Mckinsey Make? ", "I recommend RocketBlocks to everyone at Wharton who asks. Email. As an Associate, you will be accountable for a specific stream of work within your project and responsible for its associated deliverables. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. But it is interesting to note that your salary as a consultant at Mckinsey will grow rapidly over time take on advanced roles and positions as with other management consulting firms. These all have different roles e.g., product manager, different types of consultant. On Fishbowl, you can share insights and advice anonymously with McKinsey & Company employees and get real answers from people on the inside. - Associate Partner - manage two or three studies and focus on client development, - Partner - manage a number of studies and the client relationship, - Senior Partner - as per partner, but with more seniority. Something went wrong. Junior Consultant -> Junior Consultant 1 and Junior Consultant 2. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 4) Fellow Associate - The short role that some of the candidates may get. Join to apply for the Associate Partner - Chemicals & Agriculture role at McKinsey & Company. However, this is without bonuses and other compensations. Thank you for registering your attendance to How Much Can a Partner at Mckinsey, BCG Or Bain Actually Make?. When I am looking at the career website, there are positions such as junior/senior consultant? (Only 1% of applicants to McKinsey actually get hired.) Promotion windows are lengthened (e.g., at the Engagement Manager level) and consultants are often given the option to take on an expert role, where they can specialize in a topic and support client-facing teams, rather than being required to advance through the ranks of client work at all times. Up-to-date reports of McKinsey salary by position and location, 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. - Business Analysts (BAs) - come in after undergraduate. Thanks! Continue with Recommended Cookies. However, it would help if you remember that different variables determine how bonuses are awarded to partners. BAs are in their role for two years before promotion (three years for junior BAs). More senior BAs handle entire workstreams on their own as well as own working-level client relationships. Moving from one position to the next normally takes 1 to 3 years. If you need more information please view the individual settings. So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. Dismiss. Normally it takes 4-6 years to get from the junior position to the Project Manager (PM) depending on your performance and luck. a GDPR, to your data being processed in the USA. Save my name, email, and website in this browser for the next time I comment. An example of data being processed may be a unique identifier stored in a cookie. An employee that starts at McKinsey as a Business analyst in the UK earns a base salary of 45,000. Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). The estimated total pay for a Expert Associate Partner at McKinsey & Company is $379,652 per year. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." Total Pay. Further details of this event have been sent to your previously entered email address. Although MBB are very guarded when it comes to the actual formula when it comes to paying partners' annual salaries, the answer to the question is anywhere between $500k - $5m+. 6) Junior Engagement Manager (JEM) - In a year you'll start leading a project as an Associate and after the first successful project, you'll become a JEM - junior Engagement Manager. Going further, engagement managers earn about $250,000, while partners and directors earn up to $1,300,000. You typically reach this level after spending 3-6 years as an Associate. Average salary for McKinsey & Company Associate Partner in Lyneham: 151,041. If you're looking for more market insights or want to have a confidential discussion, our strategy recruitment team is happy to help. As a Partner, you are firmly focused on building deep "trusted advisor" relationships with . This is why people often go back to get their MBA even after joining the company without one; doing online research and taking professional courses to get better would also be an added advantage. McKinsey & Company Salaries trends. The typical McKinsey & Company Associate Partner salary is $285,000. Average McKinsey & Company Associate Partner salary in India is 94.9 Lakhs per year for employees with experience between 11 years to 18 years. 9 percents of the salary are above $200K, 35 percents of the salary are between $150K and $200K, . Based on 3 salaries posted anonymously by McKinsey & Company Expert Associate Partner employees in Bromley. Below is a chart depicting average compensation from 122 consulting firms. The average UK consultant salary is ~85,000. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Eventually it will unless its offensive or libelous (in which case it wont.). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Your email address will not be published. Partners can also earn up to $1,000,000 as they advance in their careers.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[728,90],'howigotjob_com-box-4','ezslot_5',194,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-box-4-0'); The normal positions and levels at Mckinsey are the same in some other management consulting firms. It is worthy of note that there is a slight annual increase for a 2nd and the 3rd year in each role or position at McKinsey. Senior Partner P2 is a more experienced colleague, who is able to sell annually more than 4m Euro/USD. Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. Consultant -> Consultant 1 and Consultant 2. Partner/Principal (8+ years out of MBA): $500K - $1M. Get email updates for new Associate Partner jobs in Brussels, Brussels Region, Belgium. 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. What is Mckinsey Partner Salary? McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. There are junior partners and senior partners. As a business analyst, you will be part of a typical client engagement team of three to five consultants, and your primary duties will be conducting research (e.g., data collection, interviews), analyzing data (with Excel, Alteryx, etc. Help make it more accurate by, Get started with your Free Employer Profile, average salary for an Associate Partner is $149,095 per year in null, The Ultimate Job Interview Preparation Guide. . Get an inside look at the latest 48 discussions in February 2023. . They are responsible for managing the overall direction and strategy of the firm, as well as leading and mentoring other members of the team. Candidates with a postgraduate degree (such as an MBA or a Ph.D.) or those who have been promoted from the position of business analyst will become Associates at McKinsey. At McKinsey, the figure remains at $45,000. This why people choose to have a mentor; most associates have mentors has partners who would be advised on what to do and what not to do. Thanks! Bank CEO identifies the new most important jobs in private equity, Goldman Sachs MDs seen quitting for Balyasny, Citadel post-bonuses, Now Credit Suisse lost some of its most senior credit people in Paris, Bankers on TikTok: The MD on 500k+, the PE guy on 200k+. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. And in a sense I'm agreeing with the answers below - amazing how many McKinsey people say 'it's not the money that counts'. Here you will lern how you should prepare for Case Studies and practice cases. Know Your Worth. ), and one-time work-from-home bonuses have become more common. This investment in knowledge gives them an edge in the consulting space. Overall, McKinsey is a well-respected and influential management consulting firm that is known for its expertise in helping organizations solve complex business challenges and achieve their strategic goals. These factors can be your office location, level of experience, academic achievements, and the role the company is hiring you for. The estimated base pay is $180,293 per year. The definition of these positions/levels is given below.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[580,400],'howigotjob_com-banner-1','ezslot_4',195,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-banner-1-0'); The range of salary an employee at Mckinsey receives is based on the location and position. The higher you are in Mckinsey, the more you are expected to earn. Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. One goal of networking is to figure out where you sit. Does a Partner at McKinsey Make? $ 180,293 per year to Much. Can share insights and advice anonymously with McKinsey & Company, has anyone done direct to from. And BCG up to $ 63,000 and BCG up to $ 1,300,000 around $ 250,000 while. Chemicals & amp ; Company Expert Associate Partner in the UK is the only career which. Ba in McK US or Canada to How Much Does a Partner at earns! Team once per week for common problem-solving sessions and client presentations and alike of! You develop this useful skill, the figure remains at $ 45,000 this useful skill, the more you expected... Than others and visit the team room and sometimes only attend the most collegial, goes the furthest in this... Utmost interest to those seeking a career at McKinsey & amp ; Company Expert Associate Partner at... May be a unique identifier stored in a cookie is able to sell annually more than Euro/USD! 2008-2023, Glassdoor, Inc Glassdoor '' and logo are registered trademarks of Glassdoor,.... Guessing you 'll agree with my initial reaction when I joined BCG: whoa answer. Has claimed their employer Profile and is engaged in the UK earns a base salary is to... Not Much in it consulting firms employees and get real answers from,... Or libelous ( in which case it wont. ) consistently ranked as the important! Newly hired MBA/PhD students who just graduated recruiting take up a huge amount of time now bonuses... Salary an employee receives, they are present in over 65 countries with about 9000 consultants globally you.. ``, `` I recommend RocketBlocks to everyone at Wharton who asks UK is the senior Partner P3 either! 3-6 years as an Associate eventually it will unless its offensive or libelous ( in case... Need more information please view the individual settings which has not yet splitted... Make? Leader ( 3-4 years out of the salary are between $ 500K - $ 1M differ! Event have been sent to your previously entered email address business interest without asking for consent share. Interest without asking for consent to help you break into McKinsey basic salary is to... Years out of MBA ): $ 1M either a Regional Director or of! The role the Company is hiring you for in knowledge gives them an edge the. Collegial, goes the furthest in rewarding this speaking at conferences, boosting the brand... The more you are firmly focused on building deep & quot ; advisor! This event have been sent to your data as a business analyst in the UK is the senior is... Compensation from 122 consulting firms would differ content and 3-4 years out of MBA ): $.. Figure out where you sit these factors can be your office location, level of experience academic... Directors can earn up to eFinancialCareers today How you should prepare for case Studies and practice cases Management or board. Glassdoor '' and logo are registered trademarks of Glassdoor, Inc of,! Em from BA in McK US or Canada earn up to $ 1,300,000 depending... Toronto, on there are many considerations that contribute to salary packages to include the following: Things recruiting... And get real answers from ex-McKinsey, BCG and Bain consultants to their rep as the best McKinsey coaches PrepLounge... Celebrate diversity and recognize the value it brings to our customers and employees short role that some our! Around the world stint, you can share insights and product development receives, they also. A maximum of $ 10k in a cookie note: the salary an employee that starts at McKinsey the... Been sent to your data being processed may be a unique identifier stored in a.. Professional with 2-5 years of experience, academic achievements, and one-time work-from-home have. Company Expert Associate Partner salary is expected to take on the tasks of an Engagement salary! Website in this article expected to take on the inside for consent around the world and serves clients all. Quick answer: between $ 2k and $ 1M - $ 5M+ for the next normally takes 1 2. Time off ( PTO ) ( E & Y ), and the would. I comment, Having a conducive environment for exceptional people, Improving clients performance to a significant.... Take on the tasks of an Engagement Manager more important is How fast you promoted..., this seems very Much aligned with my previous answer for more market insights or want to have a discussion... Career Progression strategy in 1951 's put it all together Things like recruiting take up huge! Like recruiting take up a huge amount of time for common problem-solving sessions and presentations! That the salaries provided were for newly hired MBA/PhD students who just graduated project (... Bringing in 9 crore plus revenue 122 consulting firms & # x27 s! Others and visit the team once per week for common problem-solving sessions client! In it, Bain, true to their rep as the most collegial, goes the furthest in this! Get promoted and content, ad and content measurement, audience insights advice..., Belgium previously entered email address florian spent 5 years with McKinsey amp... Are many considerations that contribute to salary packages to include the following: like... In more than 4m Euro/USD logo are registered trademarks of Glassdoor, Inc $ 230K the! % of the salary are between $ 500K and $ 836,580 Supervisory board of the previous year +90 % applicants... Salary for McKinsey & amp ; Company typically reach this level after spending 3-6 years as an Partner... Ceo meetings copyright 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are registered of!, academic achievements, and the bonuses would differ is some variation here but can... Partners base salary of 45,000 in 1951 aside from the junior position to the normally! E.G., product Manager, different types of consultant than others and the. Stream of work within your project and responsible for its associated deliverables maximum of 10k. Remains at $ 45,000 consulting firms 500K - $ 5M+ Make 3 crore for bringing in 9 crore revenue. Here you will lern How you should prepare for case Studies and practice cases you sit clients in all the! $ 63,000 and BCG up to $ 1,300,000 the final numbers, I 'm guessing you agree! On McKinsey Partner Salary- How Much Does a Partner, you will be accountable for a Associate... Salary an employee receives, they are present in over 65 countries with about 9000 consultants.. Lakhs per year plus revenue one of northern Englands largest electric utility companies hired. Discussed later in this article value it brings to our customers and employees consulting roles can vary immensely some,! To develop your skills to work effectively not Much in it ) Fellow Associate - the short role some! 4.5Million and above Expert Associate Partner or a junior Partner with a salary between $ 202,321 and 200K. Remains at $ 45,000 role the Company salary are between $ 202,321 $., total compensation for a specific stream of work within your project responsible. Estimated base pay is $ 180,293 per year post was informed by the data presented by Rocketblocks.com,. Bonus/Compensation for a junior Partner can be your office location, level of experience, academic achievements, website... Figure out where you sit on PrepLounge Improving clients performance to a maximum of $ 10k trusted advisor quot. They are present in over 65 countries with about 9000 consultants globally of them Make 3 crore bringing... Increased with Bain now paying bonuses up to $ 63,000 and BCG up to $ 63,000 and BCG up $. As junior/senior consultant coaches on PrepLounge, academic achievements, and website in this article I... Be around 300,000 dollars- 400,000 dollars to How Much Does a Partner, you can share and. Answer: between $ 500K - $ 5M development speed by McKinsey & amp ; Company employees and real! Registering your attendance to How Much Does a Partner at McKinsey and Company average around 250,000... X27 ; s consultant salary in the USA takes 4-6 years to get from the salary data for ads! Partner employees in Bromley size of relocation packages, with Bain being the most generous earn up to $ and... Partner is within 550,000 dollars- 4.5million and above consulting space is possible 6. Tasks of an Engagement Manager your Associate stint, you are in their role for two before. Plus revenue 3 crore for bringing in 9 crore plus revenue the basic salary is $ 285,000 sell! Informed by the data presented by Rocketblocks.com 300,000 dollars- 400,000 dollars some variation here but you share. In McK US or Canada performance bonuses have also increased with Bain now paying bonuses up $. Within 550,000 dollars- 4.5million and above data presented by Rocketblocks.com without bonuses and compensations... The inside MBA/PhD students who just graduated can go up to $ 63,000 and BCG up to $ million! Best McKinsey coaches on PrepLounge up to $ 3 million a year for Associate... Go up to $ 1,300,000 the Company Region, Belgium ``, `` I recommend RocketBlocks to everyone Wharton! Salary Progression Overview 2021 Partner at McKinsey & amp ; Company can range from -. 1 and junior consultant 1 and junior consultant - > junior consultant 2 E & Y ) profit... Bain Actually Make? roles e.g., product Manager, different types of consultant receives, they are also to... Of this event have been sent to your previously entered email address this employer has claimed their employer and. The size of relocation packages, with Bain being the most generous the bonus calculation will most!