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Based on the most helpful WSO content, McKinsey has historically been the first to raise salaries, as seen in past trends. When McKinsey increases compensation, BCG and Bain often follow suit in subsequent years to remain competitive. However, the timing and extent of these adjustments can vary.
Sources: 2017 Management Consulted Salaries Out, Bain is now giving guaranteed FT offers to all interns, Choosing between McKinsey, Bain, and BCG?, Why MBB plus a few tier 2s (LEK) are more open-minded to advanced degree but most firms in tier 2 and 3 are not., What’s the difference between McK, Bain & BCG (serious question)
What’s the comp increase?
Where did you hear about McK comp increase? Is that really happening?
Yes, $120k base for new BAs
Where did you find this out?
Also curious
I’ve heard Bain policy is to be the highest paying MBB. Time will tell when they’ll up salaries, but it will happen eventually.
Don't think that's true. I left Bain a year ago and while I was there the policy was to match McKinsey. Typically BCG leads comp increases, McKinsey matches, then Bain matches McKinsey.
Yes this is how it works. BCG leads, McK/Bain follow. All three have had same base salaries tor last few years so don’t think that is Bain’s policy. It is interesting though that McK is leading the wave this time around rather than following
I think that was just in the 2021/2022 pay raise cycle. I believe Bain has been paying higher base than McKinsey for ACs and Cs for the last few years. I know at least that Bain base is 112 and McKinsey and BCG base have both been 110 for a while now.
I also know that ACI offers are 120 now, which means a raise is coming soon for ACs (probably January). I'd guess this is off McKinsey raising their base to 120 as well. I haven't heard anything from BCG yet.
Where did you see this? Starting in Aug and haven't heard anything lol
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