Have an offer for associate at McK as an experienced hire which I am grateful for, but bonus seems off from quoted norm. Details are 165k base, 30k sign-on, 7.5% retirement, but bonus is 15k annualized. Offer letter says this is rated at strong for first year and then will be re-evaluated. Is this a normal associate variable comp amount? Offer is in Ops service line if that matters.

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This is 100% normal and you’re only getting a bonus at all because your offer is for Q2 hiring. If you join after Q2 you typically get no end of year bonus your first year. At the end of the 2nd calendar year (i.e. your first full year at mckinsey) you’re given a rating. Distinctive is $35k bonus, very strong is $25k bonus, and strong is $15k per the latest round of offers.

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We don’t publish that because it completely depends. There’s no bump in pay when you make manager your pay is based on how well you’re rated. So if you have 2 years of Distinctive rating you could be around $250k base I think.

Comp at MBB is standardized by country. Your offer will be the exact same as every other new associate.

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Perhaps there are some higher bonuses for MBA hires to retain the summer interns and attract MBA candidates

Everything at the Firm is standardized. You're not getting screwed. That is the associate 1st year pay this year

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Bonus TBD this year based on covid sitch

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Did you get referred or did a recruiter reach out to you? Would you be open to connect as I’m thinking about doing this transition?

I applied on LinkedIn. Happy to discuss if you wanna dm.

I’m in the interview process now and the recruiter told me the bonus is guaranteed the first year at 15k but that was for a senior analyst role and the salary is lower. I would think the guaranteed first year salary for associate is higher

My firm has guaranteed bonus first year too but it could be exclipsed by performance based metrics. I assume that's the case here too.

Welcome to the firm!

1st year associate here too. How hard is it to get the Distinctive rating?

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