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For McKinsey (TC):

Business Analyst (2yrs) - £55,000
Associate/Sr. Associate (1.5yrs) - £110,000
Engagement Manager (2-3yrs) - £150,000
Junior/Associate Partner - £210,000

This is the absolute fastest progression. In practise, it's likely to be longer if you include an MBA or secondment. 

Certainly good money, but not on par with law and banking; you'll make IBD associate money in your 6th year on the job. You'll also be paid about 60% of your peers across the pond. Hours might be very slightly lower on average, but this certainly isn't a "WLB" job.

 

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Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

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  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

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  • Principal (25) $277
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  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
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  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (551) $67
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