Compensation

Final McKinsey generalist Associate interview coming up. I understand the base is standard across North America but to what extent is the signing bonus negotiable? And/or if the base is negotiable?

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You could maybe see how much of a relocation bonus you can get but rest of it is non negotiable

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Nothing is negotiable. You are paid on a total comp basis on performance, on a single grid across the US. Bonus is not like B4 - it is there every year, so total comp is constant and real. You will be paid plenty vs wherever else you are. Honestly don’t pay a moments attention to comp. it’s not who we are or how we think. Focus on client impact. And solving problems.

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Shun the non believer is a line from Toy Story. It’s a joke. We pay very well, but there’s a very old saying that the people who work here long-term do not do it for the money. They do it because they love serving clients. This is reflected in how little leeway there is to negotiate pay. It’s not our focus. Now, maybe this can feel a little “cultish” to someone, but I at least appreciate the setup. Finally, there are definite conversations to be had about the competitiveness of pay in roles outside traditional generalist consulting. This is an evolving area that our firm like others is figuring out. But, it was not the focus of M2’s comment.

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Assuming you're an experienced hire and not a new grad, I'd be surprised if signing bonus was non-negotiable. Definitely never hurts to try. I asked BCG for higher signing and got an extra 15k. Pretty good for a 2min phone call I'd say.

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15k extra is really good. McKinsey didn’t move a $ for my signing bonus even as lateral.

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I would say reloc and signing are negotiable from what I know - base and bonus not.

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