Hi can someone explain YOY raises McKinsey? I’ve heard that PY (prior year) base + PY bonus = new base. Is there any truth to that?

like
Posting as :
works at
You are currently posting as works at

That’s my understanding. And year end bonus = performance-based total comp target - full year base received. It’s not really a bonus; it’s a true up.

Better for the McK peeps to provide more detail. This was about as far as I got during sell weekend.

helpful

Prior year total comp doesn't become your new base - that would be exponential growth and makes no sense since we don't bill exponentially.

But you should expect total comp yoy to increase, unless there's been an unforeseen impact to business a la global pandemics.

Most mck consultants can make partner in 7-9 years, so it’s a bit steeper than that

There isn’t a rigid formula like that. But it’s a lot and the trajectory is steep.

Can you share a bit more detail?

Related Posts

Has anyone here work(ed) at Linklaters? What is it like ?

like

Is PwC AC doing lay offs?
Especially from Tech Consulting (Insurance/Guidewire) practice??

like

Hi sharks 🦈
This is my offer letter in IBM
Can anyone tell me as to what will be my in hand salary per month?
Appreciate your inputs 😇

Post Photo
like

Hi all- curious if anyone can speak to life at LifeSci Comms in NY? Appreciate any insight!

like

How do I become employee of the month? Where I work, being named employee of the month comes with a great bonus that you can get whenever you're honored with this title.

like

What’s the tea on TDH Chicago?

Hi Fishes, Im currently working as a data engineer for a multi national telecommunication company. I got an offer to work with Capco for a leading UK bank.
Current ctc: 18LPA + expecting a end of year hike of minimum 8%
Offered ctc: 25LPA
I would like to know if the switch would be worth in terms of stability, WLB, growth.

like

No hike like last year ?!

likesmart

I’m an Environmental Protection Specialist and make pretty good money for what I do. I just feel like I have more to offer than being a worker bee in a system at 25. I work with a lot of retirees and would love to return in my latter professional years. I have my Bachelors in Applied Coastal Environmental Science and want to expand my options. Any suggestions that won’t require me taking a crazy pay cut? I’m pretty much open to anything.

like

Is anyone who has appeared for an interview with PwC strategy recently up for a chat?
Experienced Associate role. India office- Mumbai

like

Can anyone tell me about EY India ( Not EY GDS) ? Pros and cons

does anyone here work for Veeva Crossix?

like

Hi Guys,
I attended infosys technical interview for Java developer (7 year experienced) on 17th October. Answered most of the questions. No updates after that. When to expect the next round ?

like

How many locations does Tiger Analytics have?

like
like

Hello,

Can anyone please tell me about the deputy manager band 2 profile in icici bank..
What kind of work it has??
Do we get team or individually have to do sales??

What should be the salary expectations? If someone is doing first switch? Yoe - 4.6?

like

Started conversation with Oliver Wyman about joining their LS team in europe. Any fish willing to provide some insights on culture, WLB, bonus, strategy? TIA!

like

Canadian and EU workers justifying 30-50% lower compensation figures for similar work and higher taxes by trashing on US healthcare and social issues

Post Photo
likefunnysmarthelpful

I have a return offer from a big 4! Thoroughly enjoyed the experience as an intern and have no complaints. Would love to go back.

However, a bit confused if I should try and recruit with MBB’s or if I should accept the big 4 offer already and take the sign on bonus?

Would it be a blunder to NOT try recruiting with MBB’s ? Besides the monetary aspect, what are the other things I’d have to think about?

like

More Posts

Any recent H1B stamping experience in New Delhi? Will appreciate if you folks can share any insights ......

Hey Industrial Engineers, do you know of a free simulation program I can use to simulate the material flow where I can input cycle times and OE% data to calculate supermarkets or inventory between processes?

like

Quick one fishes, do floor plans typically include the en suit bathrooms? Currently on an aggressive flat hunt so trying to size the rooms to know which to eliminate from the inspection list.

like

How can we export the revised compensation letter.

like

Is keto recommended for pregnant women?

I’m around 21 weeks and have been dealing with a lot of leg, tailbone, back, and general muscle pain. Since I do work long hours Monday- Wednesday (10hr +) I’m trying find a comfortable chair to switch to. Any recommendations? Currently I’m switching every hour or so between my kneeling chair and standing.

like

A jr team working on social part of a campaign, which I oversaw as well, just claimed credits on their social channels for my spots, which they didn’t concept, write, or produce... 🤷‍♀️🤷‍♀️🤷‍♀️

funny

I have a principal with ZERO sped experience or knowledge observing and rating me. I got all distinguished last year from my AP. He gave me all basics & 2 unsat. He’s told us to not worry about goals

Te a ching RSP/SAI. Any help on how

like

My students come to my class first every morning and are really hard to settle. They continue to carry on whatever they were doing on the bus. It takes about 20 min to get them settled down and doing the warm up and the class is only 45 min. Any tips?

like

I’m shooting for the moon and applying to jobs I am mentally ready for and can qualify for but my resume is very short sweet and to the point because I’ve worked at the same place for 6 year and climbed the ladder & wanting something new. How do I explain that to my future employer?

like

Does Google value FAANG experience over consulting? Say if a person is trying to get into Google from Apple, will it be considered easier?

like

What is the average incentive given to a Consultant in Cognizant with a 4/5 YEA rating?

Can someone tell what would be the night shift allowance in CTS for Associate designation. @cognizant

like

What are some tips or recommendations on where to start to become a product manager? Much appreciated

like

Does anyone here know much about the tax department at Liberty Mutual? Been talking with Liberty Biberty and can't get a great sense of how much WLB there is and benefits. Would appreciate any insight, TIA!

funnylike

Anyone down to play tennis in Frisco/Plano?

like

Hi Y’all - Moving to Dallas soon and looking to buy a house. Wanted to know if Mansfield is a good, safe area with good school districts? Also, how would the commute be to North Dallas? Thanks in advance.

like

Hi! Excited we have a space finally :)

likeuplifting

Additional Posts in Compensation in Consulting

Anyone at CVS Health and know when annual equity is paid out?

like

How do people feel about their new compensation statements?

like

Does Deloitte generally pay well?

funnylikesmart

What is the average pay for tech strategy senior consultant at D with an mba?

like
Post Gif
like

Comp at AlixPartners and Alvarez... go!

like

Big 4 highest tier sr consultant offer of 115k and 5k signing bonus? Trying to negotiate base but being told base will not change. Thoughts?

like

Is 95k salary low for a 35 year old (DC area)?

like

Looking for a salary range for an Investment Professional at JP Morgan?

likesmart

Deloitte MBA manager salary? S&A

like

What’s the minimum percent salary increase you’d leave your current job for?

like

What’s the general range for Sr. Manager in Accenture Digital? Considering a position there and I already have been given an acceptable base salary range. Need to gauge the over/under.

like

Is Operations paid the least at your respective firms? I was hired to a Client Service Delivery role with a heavy focus on project management. I regularly interface with leadership internally and at the client. But, I am aligned to the “Operations” capability and make the least of my teammates who perform seemingly identical work but are aligned to “Strategy and Consulting.” I worry I’m on a career path to being paid the least wherever I go, because Operations is in my title and background.

like

If someone joins a company at a high level within the firm but at a relatively much lower salary than peers at that level....... Does that reflect poorly on the individual?

like

Can anyone shed light on what someone in DDV at PwC would make at the other big fours? Feel like we’re severely underpaid. I’m a Senior Associate with 4 Y.O.E.

like

Sign on bonus for EYP post-MBA Consultant role? Strategy group if that matters

like

Been at the same company for years and, while seeing several promotions, only average 10k increase/year. Worth staying the course or jumping ship? Thanks in advance

like

What are Fdd Director salaries at KPMG?

like

What's the pay range for a CDO associate manager in Denver?

like

DC - AFS, Senior Analyst making 88K salary with a 2K sign on bonus I had to negotiate is this a good deal?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal