Is it true McKinsey match for 401k is 12%? I saw it on threads and almost dies of jealousy so gotta confirm to go about my day

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

7.5 and no profit share dw

like

Thank you — that’s still good,

like

It’s not a match for us, it’s a guarantee 7.5% contribution from McK that goes to 401K

For admin and non-consultant roles, that number used to be 12% but is now also 7.5%

like

It’s 10% for those with 10 years tenure

like

I’m at the wrong company , man. 0% match. Most I have ever gotten in profit sharing is $700

like

Not entirely true, it's 5% to a cash value/defined benefit pension plan. The fund tracks t-bills and IBM keeps the spread🌈💫😉

Used to be 12% for non-client folks. 7.5% and the number goes for people that have more tenure with the Firm. And like others said, it’s not a match but from Firm contribution.

like

And FSPs

It’s 7.5% of (base + bonus ) so higher % of base.

like

Contribution regardless of how much you save

MSFT is 50%

funny

Is this a dating app question?

funny

The retired me will be happy. The working me would rather a nice bonus.

like

12% is for FSP / ESP roles

Not anymore

like

It’s used to be 12.5% for everyone at McK when I was there. Then around 2018, they dropped consultants to 7.5% (argument was people wanted more in bonus). Then more recently, support functions also dropped to 7.5%

Is there not a limit on 401k contributions? How do they account for that?

Yeah well unless you’re a partner making over 933K, not something to worry about

Don’t you have free healthcare at Bain? That’s my jealousy moment!!

Used to be 12% but they changed it awhile ago to 7.5% but those that have over a decade of experience at the firm get 10%.

Related Posts

Anyone else here looking to make a switch into healthcare (physician, nurse, etc)?

like

Hi all,
I’m keen to explore opportunities outside lab in healthcare/life sciences as either~> Market Research Analyst,~> Business Development Manager,~> Management Consulting,~> Product Manager
I have a PhD degree in Neuroscience (4+ years of experience managing multiple projects simultaneously, with 5 first author publications, 600+ surgeries on mouse brain studying brain injury and link to Epilepsy) 1+ industry exp as Scientist.Need some references or links who can help me connect to companies

like

I read this super interesting article about how big companies like Toyota are investing in social-emotional training for their employees and seeing massive benefits. I actually think this could be a whole separate class for students of all ages. Learning about conflict resolution, growing your own self-regulation skills...it's really important.

likeupliftingsmart

Hi folks, how is thoughtworks as an organisation?

Asking because I don't know much about it and have received recruiter's call today. Currently I am working in
Deloitte. How is thoughtworks hikes, wlb, does it provide any benefits apart from fixed pay? My research gives me a mixed review: some say it's good, some say that thoughtworks is not stable enough like big 4 or other organisations. Pls help Thoughtworks Deloitte

like

Anyone work in the Healthcare industry? I'm looking into joining Healthcare. I'm currently a Senior in tax compliance.

like

How do maternity benefits work for NJ? 16 weeks paid leave?

like

Does LTI provide reimbursement for WFH setup ?

like

Is simplify healthcare is good company to join?

like

BDO India Hello fellow consultants, i have been offered a package of 66K GBP from Deloitte for the position of Manager - Cyber Internal Audit, Financial Services, Risk Advisory - Manchester. I am currently working for BDO India and will be relocating, what are your views on this? What are the extra relocation and accomodation benefits i can ask for? I am a 24 year old bachelor and i have 3 YoE. BDO Deloitte India Deloitte USI BDO RISE Private Limited

like

I want out of healthcare so badly but as the sole wage earner in my family I cannot afford to start over in an entry level role in a new industry. I am so systemically exhausted I am struggling to translate my current skill-set to market myself into non- healthcare markets. When I say non- healthcare, I truly mean completely NOTHING to do with any direct clinical or patient related/facing anything. Anyone have any worda of wisdom or insight? Any positive experiences in doing this yourselves?

like

6 months pregnant and just laid off. And 40% of my severance was just taken in taxes .. I just spoke with paid family leave and I no longer qualify even though I had been paying into the program (thanks NY).. I already applied for unemployment but doctors are telling me I’ve got 10-14 weeks left in this pregnancy.. so stressed having twins and being unemployed, no maternity leave, no paychecks coming in, and I’ve been applying but not a single interview.. just ugh. 😭

like

I'm trying to break into consulting after ~13 YOE in healthcare tech (payer and provider). My biggest hurdle is that I live in a random Midwest city and am unable to move due to having school-aged kids. What firms have a health tech focus area and allow remote hires?

like

Did anyone order PwC merchandise with reference to Peter Schraeder’s email. Shop@PwC doesn’t allow amex, are we supposed to pay by personal card and file for reimbursement?

My job just announced mental health benefits to help end the stigma: 25 therapy sessions for employee+family a year at no cost. 🍾🍾🍾

likeupliftingsmart

Does anybody else think this $2 trillion bill is ridiculous? I understand the why and benefits etc, but just like at a certain point isn’t this all just funny money? Playin w/ money no one really has?

like

I have received two offers to work as a Software Engineer (new grad) in the banking sector in Switzerland, I like both teams and the positions are similar. Coming from EU, how can I best evaluate the proposals? What salaries/benefits should I consider acceptable?

like

Bain & Company Hello Fishers
I am looking to switch into the strategy consulting industry. I have been working in the tech domain for almost 3 yrs now. 2 years in NY and 1 currently in India. I have completed my masters degree from the US.I would like to pivot into strategy. Currently working for a boutique healthcare consulting firm within the analytics practice. Looking for referrals in McKinsey & Company Bain & Company Boston Consulting Group Kearney Oliver Wyman. Looking for guidance from the community.

I got Medical Reimbursement of around in current month salary, but I don't think I had applied any bill or submitted any such amount. Can someone tell what exactly is this amount for?

like

Has anyone left healthcare and is now really happy? I’m an MSN, RN with 12 years hospital experience. I’m burned out and tired of making crap pay. I have an opportunity outside of healthcare that would pay more and challenge me in new ways that I haven’t experienced before. It’s a total shift that would really heal my work-life balance, job satisfaction and budget. My only fear is that I would not be using the license and degree that I worked so hard for. I would appreciate any input!!!!

likehelpfulsmartupliftingfunny

Fo getting the reimbursement what is the process? Just submit normally through insurance? FAQ says participate in managed fertility program. What does that mean?

like

More Posts

Has anyone here gotten a job through FB or, if you’re a hiring atty, recruited a good candidate?

like

Infosys Consulting Hello Fishes, Infosys Consulting Infosys Could you please guide me on Infosys variables. I got Infosys offer with 20% variable. How much % we get of variable average??

like

Daily Dordle 0143 5&7/7
⬜⬜⬜⬜🟨 🟨⬜⬜⬜🟨
⬜⬜⬜🟨🟨 ⬜⬜⬜🟨⬜
🟨🟩⬜⬜🟨 ⬜🟨🟨⬜⬜
🟩🟩🟨⬜⬜ ⬜🟨⬜⬜⬜
🟩🟩🟩🟩🟩 ⬜🟨⬜⬜⬜
⬛⬛⬛⬛⬛ 🟨🟩🟩⬜🟩
⬛⬛⬛⬛⬛ 🟩🟩🟩🟩🟩

like

Folks - Which is a better option .. Deloitte MD or ZS Partner? Similar comp.

like

Negotiating an offer with MBB. How should I negotiate for unvested RSUs? I have about $400K with a vesting schedule over the next 3.5 years. Thank you!

like

Fishes, any suggestions as to how to move into the VC role with a non-finance background (PS - exp. of working in founders office of a startup, management consulting in past and do understand corp. finance, financial statement analysis etc.)

like

Hello,
I work in SAP Data Migration space.
Can anyone explain the difference between PWC SDC, PWC AC and PWC India?

I am trying to get into PWC. here are a few things I have heard so far. Is this fairly accurate?

1. PwC AC is offshore counterpart of PwC US. Good salary. No travel opportunities. Average yearly hike ~10% Mostly technical work.
2 PwC India is a pure consulting firm. Salary better than PwC AC. client facing work. Can grow as a management consultant. Great Travel opportunities.

like

Hello everyone, I need suggestion regarding carrear transition. Devops or data engineering which path should I choose, I am software test enginner with 7 yr of experience.

like

My fiancé will NOT stop talking about her ex. After I found out they were texting arguing she justified it by saying it was about the dogs and not them. Even though Her social media is full of his pics. She still sends him $50 a month for dog food, still goes to work right by his place and suspiciously needs keys. I try to bring it up and I get dismantled for being too mean and making “false accusations.” How much more obvious can it be?

like

Best Italian restaurant for restaurant week?

like

Can any one help me with working environment in Decathlon Banglore as software developer?Decathlon

like

Hi guys , Iam holding an offer with Comcast 12.5 lpa (12 fixed) and Empower retirement 16 LPA (14 fixed) . Iam very much confused. Please provide some suggestions on which one to choose?

like

Going to India from DCA (flights were cheaper) but I live in Houston. Flight from DCA is at 10 pm. Should I book my flight from Houston to DC the same day or one day earlier? Given the flight cancela.

like

Interviewer : Why do you need this job?
Me :

Post Photo
likefunny

does anyone know good pgs or 1 RK near Gurgaon gwal pahari Ericsson office?

If you have to say you're not a "helicopter" manager, guess what?

like

is mba necessary for landing job as HR, how to establish into L&D roles ? are certification helpful, can you let me know some.

like

Interested in starting AirBnB in SoCal.
1. Where do I start for gaining how to knowledge.
2. What’s are the best areas to buy the property for best cash flow and appreciation down the line.

like

Boston Consulting Group Does a referral make a difference in thr current climate? Should I just go ahead and apply or do I NEED a referral to get an interview (assume strong profile, previously interviewed with the firm)

like

Additional Posts in Consulting

Anyone happen to have EY Corporate code for Hyatt properties?

like

I have $20k in savings, I owe $6,000 to my 401k loan, that’s the only loan I got. I am debt free otherwise except for my house. Should I use my savings to pay off? Since people are talking about unemployment and being fired, I wanted to make sure I have enough, 👩🏾‍💻... What should I do? I initially took the loan to add to my home equity when I sell my house for a new house then covid hit.

like

What are your expenses/time horror stories? Has anyone gotten fired in relation to expenses? Compensation withheld?

Never done exit row seats, but it's the only economy plus aisle seat left on a longhaul flight I'm booking. Chance of upgrade is approaching zero on the route.

Would y'all do it?

like

What is the BCG equivalent of MD at B4?

Base comp and bonus?

like

If you have to say you're not a "helicopter" manager, guess what?

like

Flight is oversold. $200 voucher and first class tomorrow morning. Thank you very much. Going back home.

like

Overheard: “We’re paid a ton to crush it at work, get wasted, wake up, work out, and crush work again, but while hungover. We’re basically like pro athletes”
#whichfirmsaidit? #harderthanharvard 🙄🙄

likefunny

Did anyone attend tuck? How living in Hanover? loved it when I visited but now it’s sinking in how secluded it is

like

Planning to do a PRM or FRM qual. How useful is it to move from Big 4 Risk and reg consulting to industry? Finding it hard to get anything other than non-PM roles

like

What’s the average age for making partner at the top consulting firms?

like

What's the FSI strategy team like at KPMG?

like

Raise your hand if you have work to do but a million things are rushing through your head and you’re on Netflix! #WFHDays

likeupliftingfunny

How will the US come out of covid19? As an outsider they seem at greater risk then others: expensive healthcare, no sick days, homeless people, people who wont stay home... Thoughts?

likehelpful

🐠ies that once were unsure whether or not they wanted kids: what was the ultimate decision maker for you? Are you still happy with that decision now? I’m unsure and don’t know how I’ll ever be sure

like

Do consulting firms ever do mass layoffs right before they pay out bonuses in order to avoid paying them out? Is this a common procedure?

likefunny

Top consulting firms in the aviation / urban air mobility space?

like

Any IQVIA folks in the healthcare space that I can speak to? Might also need a referral. Thanks in advance!

like

FAANG ranking: Google, Netflix, Facebook, Apple, Amazon. Is this correct?

like

If I get laid off, I have a previous colleague that started a cybersecurity company. I would love to get involved on the business side of it. Any pointers on skills that are attractive in this realm for a startup? Would be mostly (if not all) federal defense contracting clients. I’m currently in Deloitte’s cyber risk practice but my background and passion is in accounting and finance, and business operations. Graduated in 2017 so still early career.

like

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