McK fish... Is it true that McK basically admitted they won't be matching BCG and Bain comp increases? (And justifying it with the "faster path to partner" argument?)

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

McK struggling this year due to lawsuit payout; restoring to “paying in prestige”

funnylike

Insurance funds exist for a reason

like

This is what we got

Post Photo
like

What was Starting salary for Asc Jan 22?

For BAs I think we’re paid a lot more over the two years. Our second year base salary ($130k) is nearly as much as BCG/Bain’s total comp

like

Yeah not entirely sure why BCG keeps second year base so low

We've always had slightly lower comp than BB at junior levels, but it's less than a 5% difference

likehelpful

Part of why I chose BCG over McK was about an extra $50k a year…

McK has never matched BCG pay except for the very first year (so the offer letters are the same). We make less until approximately AP level, then we make more at partner and above level.

Always has been and unlikely to change.

like

Well, I’m happy to look at additional data if you can show me. But I stand by my original point based on the data I’ve seen — which takes into account that on average we promote faster.

I’ll acknowledge it’s hard to do an apples to apples here

Depends on region too. Kind of like Goldman vs other BBs.

What is McK EM comps

If you divide by hours worked and opportunities missed…

Related Posts

EY TARAS or EY GCR??? Between these 2 service lines which has better pay and opportunities??

like

Anyone at Salesforce know how to lookup the level-grade of a specific person from the org chart?

like

Hi everyone,

I just graduated from my bachelors and I have received an offer for 3k per month (incl bonus) from Accenture in tech consulting (level 11), which was my top choice. However, I am not very satisfied with the pay so I wanted to ask:
1. I might also get offers from PwC or Deloitte, are they likely to pay more?
2. Is that enough to live a comfortable life in Amsterdam Zuid?

like

Hi Fishes,

My current CTC is 16lpa and received an offer of 24.5lpa from
UST Global. But I have one doubt before joining UST Global, how much would be the annual appraisal hike on an average in UST?

YOE: 7
TechStack: Boomi

like

I was recently promoted, and now part of my team report to me. I'm now able to see their pay rates and I am honestly so disappointed in the company. Especially since we just gave annual raises in Feb, plus we can all see where the money is going and it's not to the employees. Makes me sick

likehelpfulsmart

What is expected salary for senior tax 1 in Boston with cpa at mid tier firm?

like

Does PwC start internal transfer applications and L1 visa processing easily?

like

Hey fishes,

Does EY provide relocation expenses for moving inside same city? From one end to another end? To shift home in other area?

like

I am a new joinee at TCS as C3B and below are a few queries I got. Please help

1. As I heard it's difficult to move between projects in TCS, how can I make sure that I am getting a project that has good growth and onsite opportunities.

2. For a C3B I have a component called 'Perfornance bonus' (25K per month, to be paid quarterly).
How much of it, I will get usually ?

3. Any advices for a new joinee ? Please suggest

like

How is Capgemini in terms of job security and work culture?
How much CTC to expect from Capgemini with 10 years of experience in QA domain?
Capgemini

like

How are they paying for a 11+ yrs experienced candidate ?Can I expect 40 LPA? .
CTC is 23 LPA
How will be the interview rounds

like

How much hike(%) you got in NielsenIQ? Year 2022, 2021 ?

like

I recently cleared all technical rounds for Global Technical Support Engineer 2 role at PayPal, I have 3.3 YOE. Could anyone please let me know how much does PayPal on average offer for this role.

If you request the ability to move to a new city where cost of living is higher, would accenture adjust for CoL?

like

What salary can I expect for EY BAP staff 2 (on from staff 1) in a city like LA? Search results only goes 7days back...

like

Current CTC : 11.5LPA (10 fixed); YOE : 4 (1.5years relevant); CIB profile; can someone let me know the salary band for an analyst at JPMC and the hike I can expect ?

like

How do I negotiate for a higher starting level? I have 5 years of experience and they told me I would be either L4/L5 but now I’m hearing it’s between L3/L4. I love google and I want to work here but I don’t think I could come in at L3. This is for SWE and onsites went very well

like
like
likehelpful

More Posts

Does anyone have an exercise bike that’s not peloton, that they actually use? I’m considering buying one to exercise while watching netflix - am I just kidding myself? If you think it may be a good idea, any recommendations for one that is good quality but won’t take up much space?

like

What is the average salary of a Senior 1?

like

Hi Freelance Video Editors in New York. How do you find your work? Is it usually through producers? I need to crack the code! Also, what is the going rate for a senior editor with motion skills?

Am I wrong that physicians are the millennial snowflakes of the healthcare industry?

likefunny

Anyone here used a JD mortgage to buy a place in NYC? Wondering if this is something that’s generally limited to other cities as the real estate market is so different here. Thinking with everything that is going on it might be a good time in buy in the next few years.

like

Can anyone recommend any good recruiters that focus on the MENA region?

Does Lebanese diaspora really command more power in the MBB and T2 in the region? How can others navigate a career here?

like

Hi, Is there anyone in here who is a QA (Quality Assurance or Tester)? Can someone share how to get started in QA If you have no tech background? I would love to get some insights if you are someone who has transitioned into QA or testing with no prior experience or background, and how did you get your roles ?

Thanks a lot!

like

In the interview process for a City Attorney office position. Is it ok to reach out to a current attorney in the office to get intel? For context, I don’t actually have a connection to this person other than I learned through the interview process that they too are from my law school. High likelihood that that person tells the interviewers I’ve reached to get intel. Is it OK/fair game for me to contact this person or not?

I plan on applying for a chief deputy clerk of court federal position. Would like to chat with someone about resume/interview expectations. This is my first time applying at the federal level.

like

Associates, do you want to be copied on emails to service providers/vendors (like CSC, CT, etc)? My thought is you get a billion emails everyday and don’t need more, but maybe I’m wrong?

like

My friends bought me an amazing tasteing whiskey but the store they bought it from doesn’t have anymore. No one else in the area does(I live in CT). I even drove into Rhode Island and came up empty.

It’s Rabbit Hole Derringer. It’s so good.

like

What’s your theme song? The song that helps you get your head in the game when you have a big hearing or meeting

like

The “Pour one out for the L train” ads by Kombucha are part of the problem... cont

like

Do you still implement reference checks (on top of background checks)? I’m not convinced of the value add to the selection process and it takes a lot of time and resources

like

Let's talk salary.

I'm up for a raise soon and I'm at 43,000 a year. Anyone have any advice on what I should ask for?

like

Hi folks ,

Can you suggest some good residential society near Gachibowli ( 2BHK or 1 BHK ) ? How much should I keep the budget for a 2BHK in that area ?

Thanks in advance.

like

Does anyone feel burned out from healthcare from this past year? I straddle tech trans and do procurement/manage the research department of a health system. Is it just me or do health systems compensate less? If I'm going to have to work long hours - I might as well get paid more going the private sector/tech company route.

like

Any recommendations to avoid feeling sleep towards the end of the work day? 3-5 PM I start doing the famous head bob if you know what I mean 🤣

like

Additional Posts in All Things MBB

McKinsey & Company Does level and/or office matter for referrals at McKinsey & Company? A friend is willing to refer at the Associate level in my target office though I did not get any traction w/ the referral last year. I'm a Veteran so I also recognize there may be a resume translation issue despite the prior version getting me interviews with BCG and Bain. I have updated the resume since - though still wondering if there's anything else I can do to strengthen my case. Thank you in advance for any advice.

like

Got a referral to BCG and still haven’t had anybody follow up to screen or interview me. It’s been two weeks now. Lol do I give up all hope? How long does this usually take?

like

Does anyone have recommendations on a good coach for case practice? Looking to do maybe 2-3 sessions (I'm currently at intermediate level) and looking for someone that's not very pricey. Thanks!

like

Can someone from another country can refer you to the US office? Also what does it mean when someone asks for your resume but doesn’t say anything about referral?

like

Is there anyone out there happy to do free case interview sessions via zoom with me? I am ANZ based. I am working full-time, so can only have the sessions after work .

likefunny

When is a good time to apply for a Q2 2023 start?

like

what are the more common externships at bain - specifically from HQ. I've seen nfl several times

like

Hi all. Does anyone have a rough gauge of how long it takes to hear back from McK first round?

like

Any last min tips before bcg first round tomorrow? Online case, behavioral?

like

Are MBB sponsored MBA students expected to return to their home firms for the summer between their two years? I know you're obligated to go back post-MBA, but what about the summer in between?

likehelpful

If you crushed your first two interviews, but did not too stellar on the third, will you get rejected?

Just took this BCG Quant Reasoning test and I think I messed it up. Some of the units are so confusing. Is nearest 000s of pounds 23000 or 23? They don’t partial mark it and the whole test was filled with this sort of thing. Oh well

like

Is Bain done with exp hiring? Was thinking of applying for an AC role but recent posts seem to indicate Bain has wrapped up exp hiring

like

McKinsey & Company Boston Consulting Group McKinsey & Company What’s the culture like at your respective Pittsburgh offices? Which practices are the strongest? Which practices do you see expanding/growing in the next 5-10 years?

Yinzer looking to make their way back home after a couple of years. Thanks!

like

FWIW BCG London are still aggressively hiring for those looking to make a move over here, or switch firms in London

Generalist Senior Associate and Consultant roles and also sector specific specialist roles in Ops, Digital and PE. Feel free to DM if helpful to chat

like

Made the pivot from Big 4 to Bain and frankly underwhelmed. Seems like Bains Ops capabilities / general knowledge resources / white papers are lagging the industry quite a bit. Miles behind BCG / McKinsey as well. Literally only good for PE and nothing else.

like

Looking for case partners for upcoming MBB interviews. Currently working in consulting so ideally late (9:30ET or later) most workdays/weekends are open.

like

McKinsey & Company Anyone know if MBA sponsorship is available at McKinsey & Company if you join as an implementation coach?

like

BCG folks - my interview process was interrupted by the pandemic in the spring. Would you recommend reaching out to the recruiter to see if it is possible to restart the process now? Or are things still pretty frozen for experienced hires at the PL level?

like

Any bcg first rounders heard back today? When was your interview?

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