Bain & Company [US]: I’d like to compare year 1 post-MBA comp (Consultant at BCG/Bain or Associate at McK).
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Additional Posts in All Things MBB
Bain & Company I’m currently prepping for Bain & Company and McKinsey & Company interviews scheduled in the next 2 months. For those that interviewed with both, how would you suggest I tailor my preparation for each one? I understand McKinsey is interviewer led while Bain is the opposite. But other than that, is there anything else I should work on separately for each one?
Do you always need an MBA to get into MBB?
Do any of the MBB’s do DD for VC clients?
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They’re basically all the same. $175k base regardless of location, bonus between $15-$30ish (firms vary a bit on upper end, by like 5-10k diff I think). Signing is $30, relocation depends on how far you’re moving, but all pay in the same range, retirement I think McKinsey is higher by a tad, but all are within $5k dif.
TLDR literally almost identical across all firms so choose based on which one you feel you like the most
They're almost identical. From recent offers:
McK
Base: 175k
Bonus: Up to 45k
Signing: 30k
Relo: 10k (coast to coast)
Retirement: 7.5% of comp
BCG
Base: 175k
Bonus: up to 25% of base (43.7k)
Signing: 30k
Relo: Started at 6k (coast to coast) but matched McK's 10k
Retirement: 5% of comp (goes to 10% at PL)
I know that I got that. But my point is that it’s very hard to believe that the next class is going to receive a smaller bonus.
I firmly believe that your class will get a bonus higher than what is in the contract as well, just the way I did.
Otherwise your total comp will be less than the total comp of the prior class which doesn’t make sense at all
Top for my class was 165+35+extra 20=220
Top for your class (w/o extra 20) = 175+35=210
I don’t think they will do that. I think that 20 was a step change that will stay for the future. But I guess we will only truly know In 11 months because McK doesn’t share bonus amounts until you really receive it.
I was a BA in 2016-17-18 before my MBA and never saw the following class have a higher TC than the prior one.
Thanks so much! I’m curious to know exact numbers of total comp if possible? I’d like to compare against Kearney which is typically paid less than MBB it seems...
McK increased bonus, it was up to 55k last year (2021) for those who graduated in 2020