{ "media_type": "text", "post_content": "First year associate here from McKinsey & Company. What’s a typical end of year salary raise for my position? Is it standard and only the bonus is performance based?", "post_id": "615069af2c5e4700297f348e", "reply_count": 8, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

First year associate here from McKinsey & Company. What’s a typical end of year salary raise for my position? Is it standard and only the bonus is performance based?

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Depends on your rating. Something like 70% of the firm will receive a Well Performing, for which the raise is usually pretty meager. Maybe 5%?

Yes, as some of the folks here mentioned, I was responding to the “year end salary”, which I interpreted as based no bonus. Bonus is definitely where the money is and can be 20%+ for the same rating.

If you are a campus hire, typically nothing until your first calendar year is complete. If you have reached that, I think Well Performing has been 7% while D has been 15%? But that depends on year - last December that number was cut in half (wp got 3.5%) until the correction this past summer.

Don’t like at base salary increase as the metric. Look at total compensation increases. That will always be >10pc every year. As context, my average TC increase has been 18pc per annum for the last 5 years. Bonus is simply a plug to make your TC number for the year.

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