McKinsey and Co Salaries

587 total salary submissions
Avg. Hours Worked (97%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

63.7
  • 10-20 Hrs
  • 20-30 Hrs
  • 30-40 Hrs
  • 40-50 Hrs
  • 50-60 Hrs
  • 60-70 Hrs
  • 70-80 Hrs
  • 80-90 Hrs
  • Over 90 Hrs
Relative Compensation (99%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3.7
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average McKinsey and Co Salary

4
Total Median Pay
$123,250
Median Base Pay
$100,000
Median Bonus Pay
$23,250

How much does McKinsey and Co pay?

Base range:
$50,000 - $180,000

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range:
$7,000 - $61,000

McKinsey and Co pays an average salary of $100,000 per year. This base compensation is the equivalent of $50 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at McKinsey and Co based on our data is actually 64 hours, which would bring down the true effective hourly rate to $33 on average. If you include the average bonus of $23,250, then the total average pay at McKinsey and Co would be $123,250 per year or $40 per hour at the 64 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. McKinsey and Co pays the highest-paid employees over $190,000 a year, while the lowest-paid employees are paid less than $80,000. McKinsey and Co employees in different groups or divisions tend to have different salaries as well.For example, employees in the Technology sector earn an average yearly salary of $240,000.While employees in the Energy sector earn an average yearly salary of $75,000. Additionally, geographic location can impact the compensation for employees at McKinsey and Co as well. Based on the WSO data, McKinsey and Co employees in Houston and Dallas get paid the most.

McKinsey and Co Salaries

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Highest Paying Jobs at McKinsey and Co

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
2nd Year Associate
Year 2019
Job Title 2nd Year Associate
Group/Division Generalist
Location New York
Pay Rate/Type
Bonus
2nd Year Analyst
Year 2021
Job Title 2nd Year Analyst
Group/Division Generalist
Location Boston
Pay Rate/Type
Bonus
Vice President
Year 2011
Job Title Vice President
Group/Division Consulting
Location London
Pay Rate/Type
Bonus
Vice President
Year 2015
Job Title Vice President
Group/Division Asset Management
Location New York
Pay Rate/Type
Bonus
Principal
Year 2012
Job Title Principal
Group/Division Consulting
Location Frankfurt
Pay Rate/Type
Bonus
Engagement Manager
Year 2018
Job Title Engagement Manager
Group/Division Generalist
Location Washington, DC, USA
Pay Rate/Type
Bonus
Engagement Manager
Year 2011
Job Title Engagement Manager
Group/Division Financial Institutions Group (FIG)
Location New York
Pay Rate/Type
Bonus
Senior Vice President
Year 2015
Job Title Senior Vice President
Group/Division Generalist
Location Houston
Pay Rate/Type
Bonus
Engagement Manager
Year 2022
Job Title Engagement Manager
Group/Division Consulting
Location New York
Pay Rate/Type
Bonus
Vice President
Year 2018
Job Title Vice President
Group/Division Generalist
Location New York
Pay Rate/Type
Bonus

Average Pay by City for McKinsey and Co

Below we use 587 salary submissions to order the is the total average compensation by city for McKinsey and Co. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is Houston, where employees earn an average salary of $189,750.

Salaries by Location at McKinsey and Co

Rank
City
Total pay Range
Range of $/hr
Houston
Rank 1
City Houston
Total pay Range $85,000 - $205,000
Range of $/hr $43/hr - $103/hr
Dallas
Rank 2
City Dallas
Total pay Range $78,000 - $195,000
Range of $/hr $39/hr - $98/hr
London
Rank 3
City London
Total pay Range $46,000 - $192,000
Range of $/hr $23/hr - $96/hr
Atlanta
Rank 4
City Atlanta
Total pay Range $90,000 - $186,000
Range of $/hr $45/hr - $93/hr
New York
Rank 5
City New York
Total pay Range $85,000 - $180,000
Range of $/hr $43/hr - $90/hr
Chicago
Rank 6
City Chicago
Total pay Range $87,100 - $170,000
Range of $/hr $44/hr - $85/hr
Boston
Rank 7
City Boston
Total pay Range $80,000 - $160,000
Range of $/hr $40/hr - $80/hr
Washington
Rank 8
City Washington
Total pay Range $90,000 - $152,500
Range of $/hr $45/hr - $76/hr
Cleveland
Rank 9
City Cleveland
Total pay Range $85,000 - $130,000
Range of $/hr $43/hr - $65/hr
San Francisco
Rank 10
City San Francisco
Total pay Range $80,000 - $120,000
Range of $/hr $40/hr - $60/hr

McKinsey and Co Salaries by Department

Salaries at McKinsey and Co depend on the group, division, department or function. Employees who work in the Technology group tend to get paid the most at at McKinsey and Co, earning an average yearly salary of $240,000. Employees in the Operations receive relatively high salaries as well, where wages average $154,000 per year. A division that does not pay as well at McKinsey and Co includes the Energy group, with employees earning $75,000 on average.

Rank
Department
Average Pay
Average Hourly Pay
Technology
Rank 1
Department Technology
Average Pay $240,000
Average Hourly Pay $120/hr
Operations
Rank 2
Department Operations
Average Pay $154,000
Average Hourly Pay $77/hr
Other
Rank 3
Department Other
Average Pay $145,000
Average Hourly Pay $73/hr
Generalist
Rank 4
Department Generalist
Average Pay $125,050
Average Hourly Pay $63/hr
Healthcare
Rank 5
Department Healthcare
Average Pay $121,900
Average Hourly Pay $61/hr
Private Equity
Rank 6
Department Private Equity
Average Pay $120,000
Average Hourly Pay $60/hr
Na
Rank 7
Department Na
Average Pay $120,000
Average Hourly Pay $60/hr
Financial Institutions Group (fig)
Rank 8
Department Financial Institutions Group (fig)
Average Pay $112,500
Average Hourly Pay $56/hr
Consulting
Rank 9
Department Consulting
Average Pay $101,500
Average Hourly Pay $51/hr
Technology Consulting
Rank 10
Department Technology Consulting
Average Pay $100,000
Average Hourly Pay $50/hr

Recently Added McKinsey and Co Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
1st Year Analyst
Year 2022
Job Title 1st Year Analyst
Group/Division Generalist
Location new york
Pay Rate/Type
Bonus
Engagement Manager
Year 2021
Job Title Engagement Manager
Group/Division Pharmaceuticals
Location Summit
Pay Rate/Type
Bonus
2nd Year Associate
Year 2022
Job Title 2nd Year Associate
Group/Division Generalist
Location New York
Pay Rate/Type
Bonus
2nd Year Associate
Year 2024
Job Title 2nd Year Associate
Group/Division Life Sciences
Location Charlotte
Pay Rate/Type
Bonus
2nd Year Associate
Year 2024
Job Title 2nd Year Associate
Group/Division Life Sciences
Location Charlotte
Pay Rate/Type
Bonus
$5bn+
Est Annual Revenue

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