How does first year performance bonus work at McKinsey? Is it a set amount or a % of salary? Is it the same for experienced hires as MBA hires? Can this be negotiated? How much can one expect if you start in July or August?

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Starting in July and my offer letter had a set performance bonus for me assuming strong performance (since there really isn’t enough time to truly assess my performance)

Pro-rated % of salary based on performance. Not applicable if you join after July.

As long as you join before 1st August, you’ll have a review and hence a bonus (again, in Europe at least).

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