For folks at Bain / McK, what % of your associates / managers earn the bonus stated in the offer letter? For context, Bain target bonus is significantly higher (63k) vs McKinsey (40k) for associate hire.

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I’d say for Bain it’s about 70%. 20% earn more, then 10% earn less but it’s a very minor amount less - that 10% is usually on their way to being let go (3mo performance watch)

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What roles are these target bonuses for?

Agreed with AP1. 90%ish earn 100% of bonus target or more. 8% get 90% of bonus. 2% get 75% (I believe), but those folks are actively in performance watch at a rating level it’s hard to recover from

McKinsey bonus in the letter is the maximum, not the target, at least when I was a student. 10% or less of people get it. The target bonus is usually far less.

That's not the target bonus. That's max bonus and profit share with an optimal utilization year.

I don't even think Managers are at 60k target bonus. For context, I'm a C2, and my target bonus is slightly less than 40k.

As others have said, there's a variable distribution of bonuses based on each class's performance. Some years I've heard of 25% of an office's class getting max bonus. Some years maybe it's as low as 5%. Unsure of the actual numbers. Safe to say that the vast majority get the target, small group get max, and another small group get lower

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