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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
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