McKinsey & Company Details on the rumored McKinsey bonus/pay bump? Curious if BCG and Bain will follow suit soon McKinsey & Company

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Isn't this McK following BCG? Either way, if this triggers an arms war of bonuses, I'm all for it

likefunny

looking forward to the MBBEYP bump

likefunny

BCG comp changes did not hit Associate/Consultant level — which is absurdly myopic given how low morale is and how oversold we are.

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Fully agreed!

I’m settling in for a long-term career at the kids table.

I’ve been here long enough to know some partners well, and I’m not convinced it’s worth it unless (1). status and prestige are your thing (2) you have an extended family you want to lift out of poverty or (3) you are one of those freaks that turns stress into energy without producing anxiety.

likesmarthelpful

We all got 5 fig bonuses and some got base adjustments to compensate for moderate adjustments at last performance cycle

likeuplifting

$10K for 2020 BAs, although think ours is pro-rated the # days worked

Wait didn’t BCG just get raises?! We thought we are getting bonuses to match BCG

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Love it B2 - haha!

If capitalism is about competition, this is what happens when corporations have to compete for labor. More competition, the better.

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BCG bonus was PL(manager)+

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Don’t think McK matched BCG at that level. Spread out the love across non-partner roles

likesmart

Quite happy with Mck new raises for ASCs

Joined Jan 2020 165K base, 30K signing bonus. Received a top rating and with a 7% raise and YE 35K bonuses (raises for this ranking were typically 12-15% so many were frustrated last year)

Mck normalized the salaries now. Base as a 2nd year ASC is now 190K with Mck providing an extra 7k to normalize the 7% raise to 15%. Additionally got awarded a 1 time 22K bonus for payout in June and October. This is excluding YE bonus, which depending on your rating could be from 10-40K.

Mck did step it up for strong associates (at least)

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I am not an EM yet but I think BCG has higher comp for EMS

Thankful to the Firm for this!

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Not a rumour. But didn't BCG already get a raise?

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Quite happy with the surprised bonus and base raise :)

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It’s not a rumor

Half of us don’t even know yet, memos still going out and of course IT system crashed lol xD

So whats the bump?

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