MBB 🐠, are promotion % increases already set or is the amount based on performance?

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Same here

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Salaries are set. Bonuses are based on performance.

@b1 What about promotions? Do you just get moved up to the next pre-set pay rung?

But this is where McK differs. Maybe a blue fish could respond to help. They don’t have set salary, grows based on performance

At Bain, yes - set times for when you can get promoted (there are early promotion points by six months for certain levels) to set levels. I believe this is true for BCG as well.

At McK, from what I understand, you can rise as quickly as you’re deemed ready. I think salaries are still set by level though - it’s just the progression that’s not restricted. Will defer to a McK person here.

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