BCG Raises base to 110k
Just got the updated offer letter (ignore flair). Hope M and other B will match soon. This is phenomenal news.
Aug 11, 2022
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From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
Incoming FT associate and haven’t heard anything — did they email you?
edit: Nvm just got email
That means all of MBB and T2 will have to match. Good news for the industry! Wonder what 2nd year comp is like
A2 is 115 base, with a bump up to 145 9 months into the year (21 months of tenure in total), and then 190 for C1s (promo to post-MBA role)
Does anyone know if Big 4 are raising pay this year too?
What are experienced senior associates coming in at? Have an interview coming up so was curious.
Is it likely that MB will follow suit?
Yes, historically the others will increase comp after one does since they're recruiting from the same talent pool
What’s bonus like?
Same ~15-20% target for associates
What do the acronyms stand for?
Associate, senior associate, consultant, project lead, principal, partner
What's the bonus scale?
That looks like an unbelievably low amount of money.
Only 110k? The shop I work at; FTP (Financial Technology Partners) pays 140k, which is above street.
Hey your firm seems like an awesome place to intern at. I would love to hear more about it and take you out for a coffee some time. (Goldman Insight Series Attendee from target school)
Any update on what the raise in Europe was?
McK just sent an email out about base pay raise. New offer letter to come in the next few days. Likely matching!
McKinsey just bumped their base salary offers to 112K
Any news on the experienced hire McK base offers?
I could have faulty info here, but the previous base salary was 100k with a bonus of up to 30k correct? I just got an offer and the base is 112k with a bonus of up to 18k, so total comp has not changed if you get the bonus. Is this normal?
Yes, but bonus is never guarenteed, so at least you have 112k guarenteed now
Is Bain also going to bump?
They have no choice lol. Have to bump to 110+. Otherwise they can’t compete with mck and BCG and IBs
Is this US only? Do salary bumps normally translate across other geographies?
Anyone knows has Bain made the bump yet?
Also wondering the same thing. Signed my offer letter a little while back so I’m wondering (hopefully) an updated one will come through. Will update if I hear back.
I heard from a friend that internship offers were adjusted, but none of us at Bain have heard anything from leadership.
Got Bain ACI offer today and it was adjusted
Awesome! Hopefully, FT updates come through soon lol
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