Is it only McKinsey that doesn’t pay a prorated bonus to mba hires in their first year? USA

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Yes the cut off date is May 1st, and practically no mba hires are available to start then

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I am sure they balance it off with higher joining bonus etc? Firms will try to keep first year comp same, else they will lose out on talent

That said BCG >>>>> McKinsey

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BCG has higher bonuses. For first year post-MBA, the median bonus at McK is $18k for a total comp of $210k (192+18). At BCG, it’s 12.5% of base which amounts to $23.5k for a total comp of $213.5k (190+23.5). BCG is $3.5k higher in addition to paying pro-rated stub bonus for the first calendar year (McK stub is $0).

Yes, BCG and Bain do

This is not 100% representative for McK. Whether you receive a first year bonus is based on whether you started at the firm before or after the cutoff date

— signed an associate who did received a first year bonus

Both

when you say a prorated bonus, are you talking about for just the months worked in the fall? Ex: start in August/Sept and get a bonus in December for those few months?

Yes

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Here’s a hypothetical:

A company has 2 candidates, aged 25-30, equal in every respect save one’s a man the other’s a woman. Maybe the woman is a slightly better candidate overall. They’d have equal comp.

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