Recently received an offer from McKinsey but the comp was about 10k lower than expected. Any advice on negotiating salary? Do recruiters expect a negotiation?

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Congrats!

Yes they expect it. Please do not leave money on the table!

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Negotiate singing bonus

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Comp is standard at MBB for consulting roles, so your negotiation will be arduous at best.

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You’ll get nothing unless you have leverage. Get an offer from BB and then they’ll budge on their number.

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Thought comp was standardized? Unless it’s a not a consulting role?

It is standard, though the bonus will range based on performance. If it was just the base that was below your target, definitely consider the bonus as part of your overall package. In addition, consider that your compensation with rapidly increase every year.

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Comp range is usually 10-20k in range (e.g. 180-200) They bring you on the lower range so they can give you incremental increases on the base ( offsets inflation), Incase you stay a year or two in your current role. No one really cares about base increase it is all about the bonus :)
What role are you coming at.

What’s your offer n role?

Is this an integrative consulting role? Or a specialist/expert role?

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