First Year 2014 Salaries-MBB, OW, Deloitte, PwC, Booz, ATK, LEK

Summer internships and full time recruiting have long been done. What are the post-undergrad and post-MBA salaries looking like this year?

Easy format to fill as much as you may like.:

Company:
Level: (Post-Grad School or Post-Undergrad)
Base:
Bonus:
Signing Bonus:
Relocation:
Profit Sharing:
Vacation:

 

This is 100% true, McK does not do year-end bonuses. BUT, if you are highly rated (I think a 5 is the highest), you get a 30% pay increase or something like that. So in year two, you would be making 30% more, and if you are the highest rated person again in year 2, you do the math.... so in year 4 plus a promo, you are doing cooler stuff than a banker and you are bringing in more than 200k a year or something close to that.

.
 
newconsultant:

Guys, I don't know where you are getting your info, but in some offices McK has always included performance bonuses in BAs offers, even before 2013.

I have heard BA's getting bonuses in previous years as well. But the counter evidence is mostly coming from the aggregate of the link I posted above.

I always thought it should be an all or nothing thing, because it's almost always represented in the contract. It would seem pretty questionable (potentially creating a toxic work environment) if some first years got bonuses in their contract while others didn't.

 
newconsultant:

Guys, I don't know where you are getting your info, but in some offices McK has always included performance bonuses in BAs offers, even before 2013.

My post was specifically referring to U.S. offices and I believe that's what Sour Patch was referring to as well. It makes sense that compensation would vary across geographies/countries.

 
Zzari:
newconsultant:

Guys, I don't know where you are getting your info, but in some offices McK has always included performance bonuses in BAs offers, even before 2013.

My post was specifically referring to U.S. offices and I believe that's what Sour Patch was referring to as well. It makes sense that compensation would vary across geographies/countries.

I've been told that McKinsey pays its associates and EMs the same salary across geographies. I'm a little skeptical though. Can anyone verify if this is true?

 
Best Response
Zulu4:
Zzari:
newconsultant:

Guys, I don't know where you are getting your info, but in some offices McK has always included performance bonuses in BAs offers, even before 2013.

My post was specifically referring to U.S. offices and I believe that's what Sour Patch was referring to as well. It makes sense that compensation would vary across geographies/countries.

I've been told that McKinsey pays its associates and EMs the same salary across geographies. I'm a little skeptical though. Can anyone verify if this is true?

100% true for associates. Not sure anyone can say for certain for EMs since there is a natural range due to performance/advancement differences. From what I know, however, seems to be true for EMs as well.

 

Dolore nulla cum aut aliquam autem deleniti vitae. Vitae incidunt sequi itaque velit ut est.

Adipisci est inventore quis expedita reiciendis voluptas. Qui est aliquid omnis voluptas et. Esse earum delectus ut earum. Quia soluta asperiores dignissimos voluptatem facilis tempore.

Accusantium molestias explicabo quo iste dolorem ea consequatur. Ea eos et velit numquam magni tenetur qui. Occaecati blanditiis et dolorem blanditiis qui non. Sint aperiam aspernatur qui pariatur iusto sed. Possimus provident inventore debitis nihil magnam.

Non cupiditate pariatur voluptates ullam sed non. Omnis debitis omnis nihil libero eos. Quo possimus voluptas dolorem ipsam enim nesciunt. Cupiditate dicta ad blanditiis quisquam eos nihil explicabo.

Career Advancement Opportunities

March 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

March 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

March 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%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”