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McKinsey & Company Starting in the McKinsey London office soon and essentially need to buy a new wardrobe. Any advice on what I should prioritise?? Was going to buy a couple nice suits and shirts etc, but someone told me no one wears suits anymore and to buy chinos and quarter zips instead?
McKinsey & Company
McKinsey & Company Hey folks!
Was wondering what sort of life sciences projects does usually the Boston Consulting Group and McKinsey & Company take on?
Commercial, access and pricing, M&A, transformation, implementation? (all of them perhaps?)
Basically, what would someone with an LS background be mainly working on in these firms on a day-to-day basis?
Thanks!
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Consultant TC ~$200K-$260k 1st year
Engagement manager TC ~$250k-$350k
Principal TC $350k-$550k
Partner TC $400k-$15mm (after many many years)
US values, the higher you go the more variable it is.
https://managementconsulted.com/consultant-salary/
Bands below include base + bonus + psrf, does not include additional variable comp available to Principles and up:
C1 - 205 - 220k
C2 - 220 - 250k
PL1 - 250 - 325k
PL2 - 290K - 360k
Pr1 - 330 - 410k
Pr2 - 355 - 460k
Pt1 (non-equity) - 385 - 510k
Pt2 (non equity) - 410k -540k
MDP (equity partner) - A LOT
Coach
The additional variable comp. was nearly 40 percent at some levels.. so these are understated.
I would add that all of those bands were much higher this year b/c we one time bonuses given midyear and we also received an extra kicker on year-end bonuses this year.
Also what would Associate comp be like?