McKinsey & Company Hi everyone, I recently accepted an offer at McKinsey (college hire BA). Can anyone tell me what the typical pay progression is? 2nd and 3rd year BAs, then first year EM? If I have a Master’s, would it be worth it to go get an MBA once I’m eligible? Do you think not having one will hinder me as I progress/if I decide to exit to industry? I’ve also seen it mentioned that McKinsey has been cutting back on some of the perks, could anyone go into further detail please? Thank you
McKinsey & Company

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

Expect 20% base bump per year, with a highly variable bonus dependent on performance (20-50%). Comp also adjusts every year and I expect it to adjust even more so in the near future given inflation.

On MBA, you can easily work your way up the Firm without it. It’s still valued outside the firm. It’s a far too personal decision to forecast as a new hire, but you might consider expensing GMAT materials (McKinsey pays $1,300 toward GMAT prep) and getting it out of the way just in case.

Sorry for the non-specific answer, but after undergrad, the working world is far more ambiguous and it can be hard to know the future with a high degree of certainty!!

like

Oh I didn’t even think that was possible, I’ll reach out to them, thanks again!

All these questions have been answered. Use the search function.

like

BA1: 🤡

like

Related Posts

Hello sharks.

What will be the equivalent salary in India if getting $80k in Canada??

like

Need a read on this.

MM shop, inv team role, I did a final round last week (my XXth IV so far) with one of the GPs. I honestly thought it went great. Haven’t heard a thing since though. Recruiter thinks I’m still in it cause of Christmas-Hol.

What do we think: Am I still in it or not a chance?

like

Been in sales for 7 years (door to door,telecom,BDR,) I interviewed for a closing position and after submitting a demo presentation and 2 mock emails they have moved be forward for the last “wrap up call”. Any tips and advice for this?

Does this mean I’m being highly considered? Or are they just going along like many companies do. This is a Norway based Saas company.

like

Hi everyone,

After working for 12+hrs on a regular basis I've finally resigned in infosys for better or for worst.
And I'm looking out for other opportunities.

LWD- Feb 2nd

YoE- 2 years

Skills- AWS, postgreSQL, Ruby on rails, node.js, HTML/CSS, python

Offer in hand 6lpa

Please let me know if there are any job openings in your organization to which i can add values.

like

Any fish 🐠 here work for a vc or firm that invests in early stage companies through seed funding, or series a etc... willing to chat with me and provide guidance on an opportunity I am exploring with a vc. I connected with a vc that has $1b under management and I am exploring a principal / venture partner level role with them. First time going through this process with a vc and would love some advice. 20 yoe, senior leader with FAANG. Thanks.

EY UAE... Salary insights at Sr. Consultant level in Tax.EY UAE.. can anyone provide any idea

like

I am a ServiceNow Developer and want to switch the domain. Confused about which one to choose. Can any please suggest some good domains.

I feel like all of my friends who work in tech are very open about their starting salaries and the increases each year. I am going to work in public accounting and I feel like when I look up how much I will make after being promoted or early promoted it’s very cryptic. Can anyone tell me the standard salary % increase in PA after your first, second, third promotion?

like

SAP sharks, whats the maximum salary we can expect at T2.3 band. Also , can someone let me k now what does T2.3 band signify.SAP

like
likehelpful

What is the minimum band for fixed pa salary for Senior 2 and 3 in GDS ?

like

YOE 9

Societe Generale or UST Global

SocGen (x LPA + 25%) = Y LPA
UST Global (Y Fixed + 2 VP)
Help me to choose.

Société Générale Societe Generale UST @UST Global

Feeling like I’ve been “bait-and-switched”…

I’ve been interviewing at an agency with the intention of filling a Director role. Recruitment reached out soon after my last meet-and-greet interview (about 6 to 7 people total) to tell me the team thinks I would be best suited for an Associate Director role with a fast follow of a Director promotion.

Recruitment can’t tell me what feedback is creating this gap but also won’t stop mentioning the positive praise and feedback the team had for me.

like

So I work with Citi and have about 9 YOE in finance, banking, accounting, AR, AP etc. a lot of different experience across all the spectrums. Intrigued by Fintech. What are some of the big companies hiring for fintech roles that maybe I could look into? Looking to make a change quickly. Live in Tampa.

like

Between AbsolutData and RenewPower, which company should one join?
Given both are hiring for Data Scientist position and offering similar package

like

Hi Fishes,
I've been offered for Engineering expert position at Novartis India. I've received offer letter 2 weeks back and my DOJ is updated to Mid December. I told the HR that my current company's last working day is on mid January and resend the offer letter with mid Jan as my DOJ. But they told that they can send the revised offer letter 3 weeks before the joining date.
Is this normal process? Has anyone gone through similar experience?

like

So I'm a bit scared want to make the pivotal to tech after my MBA but noticing a huge difference in Consulting salary (165k) and tech (133k). Does RSU help cover the gap?

like

Can anyone please tell what will be the in-hand salary after all deduction hcl

Post Photo
like

What salary can I demand from PayPal india for 7.5 years of experience??

like

Hello people, how common is a Amazon to PWC move ?
I’m interviewing for a Senior Associate role and TC seems to be more competitive than role in L5.

TC $114k- Base AMZ- $73k +$38kstocks ( vesting 17k$ due next year)

TC $135k Base PWC -$81$ + Bonuses ( 50k$)

Looking for managerial skills which the PWC role avails, and L6 promo doesn’t seem to be happening soon in current role. I’m also mentally stretched. I hear WLB in PWC is just as busy but can anyone confirm if this move makes any sense. Google Amazon

likefunny

More Posts

Ouch... this Kennedy speech.

like

I want to dispose my office chair and i live in Newton. Anyone knows if i can leave it curbside or where i can check for the details?

funny

Bhailog jate hue balo ko kaise roka jaye

like

SO said he couldn’t receive letters during Ranger School, but finding info online that I can send. Any insight? Maybe he doesn’t want the distraction?

like

This is a question about friendships. Two friends got into a really bad fight this past weekend. They have each asked me to hang out this weekend. What do I do? I don’t want to have to choose sides. One is a friend I’ve known a little longer and has been a good friend and so she would feel betrayed and angry if she knew I were still friends with her now-enemy. The other I’ve known less longer, but we seem more compatible. Advice??

like

Any from Google Cloud looking for Customer Engineers? I passed my onsite, but currently recruiter mentioned there is not headcount to fit me in. Happy to be squeezed in anywhere at this point.

like

Business Performance Manager role what level is this targeted at?

like

Program Manager L3 salary in HCOL?

like

Google S&O manager total compensation expectations in Bay Area ? Please suggest numbers as I need to negotiate soon, thank you.

like
like

Just found out that end of the year I will be promoted from analyst directly to VP and since it’s such a large jump I’ll be the lowest paid VP in asset management at only $135k TC. Should I stay it out and wait for TC to align or take the promotion and jump ship bc I will likely get paid more elsewhere given how recruiters/other companies eat up hiring recently promoted ppl from other firms?

likeupliftinghelpfulfunny

What's the round tables timeline for NE Audit?

like

Matter likely to receive media attention

like

What novels do you use in your ELA classrooms? I am curious to see what everyone else is using !

like

What’s the background of most product managers you’ve come across? Is it engineering, consulting, strategy, etc.? I’ve never met anyone who started their career as a PM and I’m curious how to get in it?

like

What is an average pay for a clinical lead medical assistant in Philadelphia area?

What is the probation period in CGI?

like
like

Started playing league again after 8 years. Man such an amazing game

like

Does anyone have sources of health insurance cases for prep? Having an case interview with an insurance company coming up

like

Additional Posts in All Things MBB

A friend of mine applied for a job at Bain and he said part of application requested his SAT scores! What’s the point of asking for his test scores? He has a degree.

like

I’ve got a couple full time MBB interviews for FT recruiting at MBA, should I keep my hopes low for conversion given the business slow down?

like

Bain & Company Are consultants for the CPG practice area/having CPG clients travelling yet? McKinsey & Company Boston Consulting Group Bain & Company

like

How does WLB/hours change as you progress within McKinsey(BA->EM->AP)? In other words, do you work less hours at McKinsey when you become more senior?

funny

Is it possible for someone with anxiety to have a career at MBB? Anyone currently in this situation? How do you cope?

like

Graduating senior. Have choices between MBB and SWE at FAANG. Not sure what to do. Long term I’d love to be in a small startup or a leader in a tech company. Not sure which path is better for that. Any thoughts?

like

Is exp hiring easier than through college/mba? I assume there might be less competition but more self selection and less spots

like

Would MBB firms ever pay for your MBA tuition if you got your MBA prior to joining? Like if you agreed to stay on for X number of years and they pay down your loans. Does that happen?

like

3 YOE, including 1 in consulting. what level would/should I aim to join McKinsey at? Currently a C at Deloitte.

like

Accepted an offer with BCG! Looking forward to the transition next month. Will be in BCG Federal. Anyone in this bowl also in federal?

like

White & Case Shift from Big Law (eg. White & Case) to Finance. Is it even possible? I mean: have you ever heard about people pivoting like that? How do recruiters react to Law graduates having quantitative skills? Any other tips?

like

What’s the standard RTO (return to office) plan for MBB as of now?

like

Is it worth making the time/money investment to make the switch from big 4 FDD to MBB. This would require getting into and paying for a top MBA program and my net worth would be way negative after that. Are the MBB financial returns worth it? Im 26 years old for reference

like

Any folks at MMB/T2 in St. Louis open to connect? Are there many local projects or do you travel most of the time?

like

Is “Hacking the Case Interview” any good?

like

McKinsey & Company Any tips for prepping for PEI? Number of examples per category, anything to stay away from, etc? Thank u :) McKinsey & Company

like

I've a question on what sections to put on a regular resume. I see some people are using consulting style resume for outside companies as well. Do you think it's a good idea to devide work experience by projets? Or is it better to have "projects highlights" separate from work experience.. something like: intro>functional expertise> project highlights>work experience>education?

like

Moving from T2 to McKinsey. How do vacation requests work? I have family and friends getting married this fall in weddings delayed because of covid, but I’ll just have started so wanted to get a sense of how realistic taking vacation this fall would be and how to approach taking it (e.g. mention to HR, staffing). TIA!

like

What is fastest way to improve both structured communication and thinking? Any helpful books or drills?
It’s the one consistent feedback I get while casing , “to be more structured” I’m there for math ability , business logic , creativity.

like

What is the drug culture like at your office? I assume people don’t openly talk about what they do in their free time if illicit, but they may do so quietly or you can otherwise tell.
Do you get the impression many people do them? If so, soft drugs (ex - weed)? Hard drugs? Non-prescribed study drugs? Frequency? At work-sponsored social functions? To an extent that it’s noticeable/problematic?

likefunny

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