I have an offer to join mck next year but quite scared to leave my current job given the global situation which may creep into 2024. I’ll be a 30% cut.
If you could share any views that would be amazing🫠.

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I took a 40% pay cut to come to McKinsey, two years in I’m now making more than I was before but cannot put a price on what I’ve gained in professional credibility, an A+ only quality network and amazing friends. Do it. And congratulations!!!

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Reaaaaaly depends on:
- how satisfied you are with current job, including WLB (is unpredictability and long hours new and if so, acceptable to you)
- how high profile your current job is (does your CV need a credibility boost?)
- how consulting adjacent it is (are you learning new skills at McK?)
- how much risk appetite you have (mck is up or out, though on the 1yr horizon it’s more stable than cutthroat jobs, pressure to grow is higher and after a honeymoon period of ~6 months you will have to show sustained growth)
- pay cut pain: are you willing to take a pay cut for 2-3 years (most people who take a cut go back to parity as an EM, for EMs this is generally at AP level assuming decent AA (profit share))

Best of luck!

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I would say why? Its not a good place to work currently and with 30% paycut I would not do it for sure! Post McK exists have really deteriorated - most people internally cannot find jobs outside - no-one wants ppt monkeys anymore

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30% pay cut !?

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Why come into consulting for a pay cut? Only reason I could see would be WLB and honestly then take another cut and find something truly sustainable

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Don’t do it.

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What’s your main motivation for wanting to join?

I did it for BCG and regret. Exited back to Industry for the same pay I would've had otherwise allbeit a worse firm.

It’s a bloodbath at McKinsey. RUN.

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