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See the complete profile on LinkedIn and discover Alberto's connections and jobs at similar companies. . Join 90,000+ on the #1 consulting prep channel! One partner claims that McKinsey is the largest employer of Rhodes scholars and Marshall scholars on the planet, outside of the United States government. McKinsey & Company salary trends based on salaries posted anonymously by McKinsey & Company employees. Average Mckinsey Associate Salary in 2022 is $168,169 Per Year. Their employees are expected to consistently perform and progress through the ranks of the firm. In more recent times, McKinsey has relaxed the up or out policy slightly. Many MBA grads go on to work with boutique consulting firms after graduation. Performance salary and profit-sharing opportunities, sum up to $110,000. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The candidateled approach used in their type of case interview is also a major distinction between them and other management consulting firms. Healthcare M&A Associate - Leading Elite Boutique IB, Analyst/Associate, Infrastructure M&A and Debt Advisory, "Andrea Orcel is an excellent banker but his pay rise is extreme". We and our partners use cookies to Store and/or access information on a device. Our article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. What is the Mckinsey Associate Salary by Job Title? .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. This means that employees who are not progressing fast enough are asked to leave the firm. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Both EYP and S& pay at least $170K base. Save my name, email, and website in this browser for the next time I comment. Their diverse work environments and sky-high MBA consulting salaries make them some of the most attractive companies for MBA grads. McKinsey & Company. As you might imagine, McKinsey attracts the best-of-the-best. or equivalent (typically 5+ years) work experience preferred; Requirements may vary by country or practice, Ability to work collaboratively in a team and create an inclusive environment with people at all levels of an organization, Capability to drive an independent workstream in the context of a broader team project, Comfort with ambiguous, ever-changing situations, Ability to break down and solve problems through quantitative thinking and analysis, Ability to communicate effectively, both verbally and in writing, in English and local office language(s), Germany (Berlin, Cologne, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Vienna), Structure ambiguous problems and take action to solve them, Synthesize clear takeaways from complex information into clear takeaways and recommendations using both qualitative and quantitative methods, Work effectively with diverse teams to come up with the best solution and move people and organizations to act, Establish trust-based relationships with clients to better serve their organizations, Communicate effectively with all audiences, including senior leaders, in a structured manner, Develop your leadership style, leveraging your own passions, strengths, and personal values. The lowest-paying job at McKinsey & Company is an Administrative Assistant with a salary of $50,551 per year. Its easy to see why theyre an attractive prospect: in their first year after an MBA, an MBB consultant can expect to take home more than $260,000 including bonuses and benefits, according to ManagementConsulted.