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McKinsey & Company Hi all! Any fishes at BCG and/or McK have time to chat sometime within the next few days/weeks?
I’m a consulting analyst at Accenture, really interested in strategy work (mainly tech/software clients but open to all backgrounds) hoping to make the jump some time next year. I’d very much appreciate connecting to understand your journey with the firms and the work you do.
Thanks in advance, and happy holidays!
Boston Consulting Group McKinsey & Company
Do any of the MBB’s do DD for VC clients?
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Yes they are. My offer letter mentioned a bonus “up to” a specific number. This would be for distinctive performance (only ~5% get this). Most people are well performing, which is ~half of the distinctive bonus.
Officially - you need to have a spike in each of the six dimensions of the Leadership Development Model (LDM)
Unfortunately, it can be a bit subjective and is more on how you sell your story/value prop to firm leadership.
It’s more objective to get the 2nd highest rating (~15% get it, 75% of distinctive bonus).
Mentor
For what it's worth for others reading this thread, the figures quoted in Bain offers are the typical performance bonuses. You can receive more as a top performer so this is slightly different than M&B.
What is the target for PL?
I would assume the answer for all of MBB is yes since it’s true at BCG. Also going to go out on a limb and say the % is higher for each role and performance rating.
Coach
What level and geography?
I would check how McK does the % in the offer letter. For us the % listed is top performers and target bonus is half.
OP meaning only top performers get the bonus on the offer letter, "meets expectations" aka most people will get half
So I can assume I’ll get half the bonus paid out
Yes
I got my full bonus last year based on my ranking. That did not change. Base salaries went up less than other years
If I’m an average performer is my bonus gonna be half at McKinsey?