Starting mba salary at mckinsey. Future margins are at risk as firms continue to raise salaries without a commensurate rise in project rates. Salary data from real offers - updated annually! See 2024 consultant salary data for McKinsey, BCG, Bain, Big 4 firms, and over 90 more! MBA Consultants who started in 2022 at MBB, Deloitte, LEK, EY etc, what is your compensation package (base salary, bonus etc) Nov 6, 2023 · McKinsey and Boston Consulting Group (BCG) are among a number of top consulting firms to freeze US starting salaries for MBA graduates, according to recent reports. Bain & Company offers higher starting bases at $192K, $2K more than their MBB counterparts. So far, margins Oct 13, 2025 · Management Consultant compensation in United States at McKinsey ranges from $121K per year for Business Analyst to $388K per year for Partner. Explore McKinsey & Company salaries in London Explore how much McKinsey & Company employees make through salaries, wages, tips, bonuses, stock, commissions and more. The median yearly compensation in India package totals $65. Nov 13, 2024 · Consulting Salary Overview Consulting salaries, particularly at prestigious firms like McKinsey, Bain, and BCG (known as MBB), are among the highest for recent graduates and experienced professionals alike. The typical pay range is between $94,792 (25th percentile) and $170,251 (75th percentile) annually. The Big Three management consulting firms—McKinsey, Bain, and the Boston Consulting Group—are increasing starting salaries for MBA consultants by $15-to-$17,000 in 2023, according to a new report by ManagementConsulted. Dec 23, 2022 · Want to learn about the hierarchy and salaries at McKinsey? Read this insightful article by a former McKinsey consultant. Unlike Bain and BCG, McKinsey includes 50% 2nd year tuition reimbursement for returning interns in its package. Jul 5, 2025 · Pursue Advanced Degrees: An MBA or advanced degree can significantly boost your salary at McKinsey. Compensation highlights for Tepper School MBA graduates include salary data, signing bonuses, and long-term career outcomes across industries. Total compensation packages for MBA consultants at the Big Three consulting Nov 9, 2024 · McKinsey is known for recruiting top talent from prestigious MBA programs, such as Harvard, Stanford, and INSEAD, and individuals with these qualifications may command higher starting salaries compared to those without an advanced degree. Jan 21, 2023 · A LOOK AT 10 YEARS OF MBA PAY IN CONSULTING In announcing its findings for the 2023 Management Consulting Salaries, Management Consulted noted that this year represented the 14th year where pay increased for consultants – with just one year reporting lower compensation that the previous year since 2008. Here’s a snapshot of the salary progression you can typically expect in consulting: Entry-level roles (Analyst/Associate): Starting at $90,000 - $120,000 USD annually, with performance Oct 12, 2025 · The average McKinsey & Company salary ranges from approximately $56,907 per year for Human Resources Administrator to $229,129 per year for Environmental Manager. Jul 5, 2025 · A: The starting salary for McKinsey PhD hires in the U. Bain's consultant salary in the UK is the highest out of the three at £97,000. In 2021, the high-profile consulting firm planned to hire its largest ever class of MBAs. Two to three years after joining the company, MBA hires could be earning around $230,000 in base salary and receive an additional $100,000 to $140,000 in bonuses. Read more: McKinsey Salaries & Benefits McKinsey's salary for junior-level consultants likely ranges from $100,000 to $140,000 per year, while the figure for MBA-level/experienced Associates can be over $200,000. The Consultant Salary Guide is the latest information on management consulting salaries for 2025. Base salaries for graduates joining Bain and McKinsey in the US will Mar 1, 2024 · For MBB and Tier 2 Consulting Firms in the U. Jan 29, 2025 · McKinsey caps its performance bonus at $40,000, while Bain and BCG hit $63,000 and $60,000 respectively. The median yearly compensation in United States package totals $232K. Average McKinsey & Company hourly pay ranges from approximately $16. Many consultants pursue an MBA after their initial years at the firm and return to McKinsey at the Associate or Engagement Manager level, where the pay is much higher. Nov 5, 2023 · McKinsey and BCG are among the firms holding salaries at 2023 levels for undergraduate and MBA students taking up positions next year, according to people familiar with the matter. Engagement managers typically earn around $300,000-400,000, while Partners and Directors can earn up to $1,000,000. This will bring the starting salary up to $175,000 and total compensation packages up by between four and nine percent. McKinsey & Company salaries can vary greatly by role, ranging from $90,752 per year (or $44 per hour) for Recruiter to $480,471 per year (or $231 per hour) for Partner. smj mil hlr gk bs3l omjk twyn 8s qcs c3o