What is the average salary level for Engagement Manager at MBB? How many years of post MBA experience is typical?

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~190K base salary, 30% bonus

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2 years post MBA if you joined and we're promoted internally, maybe ~5 most MBA if you're joining from another firm

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Glassdoor has a fairly good data on this. McK does not typically hire EMs directly, rather new hires join as BA or Associates

Is EM at MBB any different from any other firm?

EM/PL/Manager at McKinsey/BCG/Bain aren’t paid the same way—in a structural sense.

E.g. My understanding is that the EM role at Mck doesn’t come with an explicit base salary increase while at BCG PL does. I think the differences get made up through bonus percentages and people end up on the same place but the risk profile of the income may be different.*

Anyone at BCG or McKinsey feel free to correct me

McK1: what would it take for McK to do an external hire for EM? Is this a case where someone might be offered an SA position even if they are already at the manager level in consulting?

I know there are rare exception in some geographies, but in the US I have never heard of a direct to EM hire

There are ppl who are direct partner hires but that is to unique expertise profiles

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