I am in last stages of getting offered a Associate Partner role at Mckinsey. What is the typical base and bonus for an AP role? I get paid ~475 TC at Mastercard as a VP currently. To make a move I at least need somwehere in the range of 550-600K, given the gruelling hours and not sure if Mckinsey at AP level will be paying that? Any guidance here.

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You’re not going to make 600K as AP in your first year, 450K at best.

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Maybe if it’s a really great year and you have a ton of studies that you can get a solid share of profit from. Frankly, I don’t think it’ll be worth the stress given what you’re already earning.

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Why the switch?? Were you previously in consulting? I believe you may be at the lower end of your target range if you make numbers and practice does well. Seems like a big gamble unless SVP is not in the cards in the next 5+ years

likesmart

Yes was previously in Consulting. SVP in Mastercard looks a little difficult currently. Wanted to use Mckinsey experience as a springboard for better opportunities in future or if I ike it there and see a Partner track, Open to that too.

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I wouldn’t even consider that for a minute. If you don’t have extensive consulting experience (I mean 5-6 years) that is going to be such a rough ride.
The expectations are immense, you’re also very much an outsider w no network at the firm, no pyramid, and no support.

The hours are going to be intense, the stress and pressure will be high and frankly I don’t think it’s worth it.

Better to lateral somewhere else in industry. I’m at that stage now and I’d easily write a check tm for $100k to have less stress.

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Thank you, this is great advice.

APs at top tier consulting firms are like pledges in a fraternity. Don’t expect top dollar, you’re in it for the partner track and/or the prestige.

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Hey I’m in my mid 20s and would love to hear more about your career trajectory and how you ended up as a VP in Mastercard/ offer from McKinsey. Also do you have an MBA?

Yes, I do have an MBA.

Did you have to case at AP level?

Yes I did but the interviews were more about how I expand and bring in more business through my experience in the payments sector.

helpful

YOE?

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