For entry-level hires salaries are about $83,500 … Bain and Boston both offer a basic of $90,000, above McKinsey which pays a starting salary of $87,000. What is the most stressful part about working at McKinsey & Company? It's great! "There more than 500 open roles posted on our website.Some of the most common entry points for those interested in consulting include business analyst or associate (as a generalist or with a practice), data scientist, software engineer, product manager, data engineer, agile coach, user-experience designer, implementation consultant, … A.T.Kearney: $11,000 Bain: $12,500 (10 weeks) One reason for these impressive statistics is the marketplace recognition of Tepper students’ preparedness. Last year, Boston Consulting Group, J.P. Morgan, Morgan Stanley, McKinsey & Co., and Goldman Sachs each hired Wharton graduates in double-digit numbers. For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from £40,000 and can be as high as £45,000. 08 Starting salary range McKinsey #24 RE: Starting salary range McKinsey 21/01/2008 01:02. Thus, a good undergrad business program can give decent returns. At many of the best colleges, starting salaries for business majors in 2018 broke records, vastly exceeding the $50,390 average for all college grads. CPG/Retail $115,909 Mean Base Annual Salary $110,000 Median Base Annual Salary $26,429 Mean Sign-On Bonus. The typical McKinsey & Company Business Analyst salary is £48,459. A consulting role in the US can come with a six-figure salary in year one – base pay for undergraduates can easily be up to $90,000, with an MBA or PhD grad starting on salaries often rising above $170,000. Undergraduate Class of 2019 Career Plans Survey Report Sections . What is the interview process like at McKinsey & Company? The overall average salary of the employed respondents rose by 3.8% to $90,905. Salary by Industry. Work on new exciting challenges As in previous years, engineers have the highest reported average starting salary of all Bachelor’s level students at Penn, and a higher average salary than the national Our graduates’ starting salaries are ranked among the highest in undergraduate compensation, with a reported average salary for our Class of 2018 at $77,481. 6.a Salary & Bonuses Continuing Education 7. Because base salaries play a crucial role in determining future salaries, a base salary of $140,000 paired with a $20,000 signing bonus is preferable to a base salary of $136,000 paired with a signing bonus of $25,000, all else being equal. Starting from the base, fresh graduates (from undergrad institutions) earn an average base pay of $83,500 from top-tier consulting firms. How often do raises occur at McKinsey & Company? 2016 select hiring companies include Deloitte Consulting, DCP Midstream, FTI Consulting, KeyBank, Level 3, McKinsey & Co., Microsoft, Oracle, WhiteWave Foods and Zayo Group. A.T. Kearney Corning Incorporated Goldman Sachs One Better Ventures McKinsey & Company is an American management consulting firm, headquartered in New York City. Perhaps that is why the number of enrollments for business undergraduates have increased over the past. What are the steps al…. 15 % ILR GRADUATES AT A GLANCE Within one month of coming back to campus for my senior year, I was offered a full-time job after undergoing an on-campus interview set up through the ILR Office of Career Services.” KETAKI JOSHI ‘20. Within 90 days of graduation, 96 percent of Class of 2019 students accepted an offer of full-time employment, a School record. The below are total salary figures for the internship, and are for undergrads unless otherwise noted: Undergraduate Internships. Leveraging their life-changing undergraduate experiences, our graduates have explored the boundaries of purpose-driven science alongside the leading minds of today — becoming the leading minds of tomorrow. Analyst (1st year out of undergraduate) Signing Bonus: $5 k. Base salary: $80 k. Relocation bonus: $2-8 k. End-year bonus: up to $12 k (in BCG and McKinsey up to $18 k) HR Compensation Associate. For example, of the strategy firms, Bain tends to hire relatively more undergrads than McKinsey or BCG, despite it being a smaller firm. McKinsey Digital, Analytics, etc.) McKinsey is a top management consulting firm, with 127 offices across five continents. Internships are a standard 10 weeks in the United States (early June through first or second full week of August) but the range is 8-12 weeks in Canada and the EMEA. See all Software Engineer salaries to learn how this stacks up … Monthly internship salaries are typically prorated based on starting salaries for new hires. Business Analyst salaries at McKinsey & Company can range from £39,273 - £67,000. Potential total compensation: $250,000. £30k is decent, but it's absurd to call that a £40k starting salary just because of the bonus, half of which isn't paid for a year anyway! AlixPartners is a global advisory firm that's … undergraduate degrees. Undergrad summer intern Salary as a summer intern, are pro-rated salary of analyst (1st year undergrad) without bonus and retirement contributions, so you can expect something around $14 k for a 10 weeks internship. What questions did they ask during your interview at McKinsey & Company? All great answers below! Average McKinsey & Company hourly pay ranges from approximately $14.80 per hour for Customer Service Representative to $22.36 per hour for Entry Level Customer Service Representative. What are the entry-points for careers at McKinsey? How long does it take to get hired from start to finish at McKinsey & Company? You'll find that most consulting employers are tight-lipped when it comes to talking about money before they offer you a job, preferring instead to leave it to your imagination with descriptions such as ‘competitive’ or ‘highly competitive’. Graduates from Stanford University who earn the lowest salaries are those with a LLM degree, earning a salary of $76,000 annually. £40k my arse, Accenture pay £30k plus £10k sign-on bonus, which is actually something like £5k when you join and £5k a year later. If you were in charge, what would you do to make McKinsey & Company a better place to work? Salaries posted anonymously by McKinsey & Company employees. Class of 2019 full-time MBA graduates got a healthy salary bump this year, jumping to a median starting salary of $140,000 from $125,000 last year. All these degrees see a 90% or higher increase from median starting salary to median mid-career salary. GO ON TO LAW. If you like the idea of public sector stuff then McKinsey would be better, if not Bain might be.. At McKinsey you will travel 4 days a week basically every week on a project. The highest paid McKinsey & Company employees are Partners at $293,000 annually. First Destinations by Concentration Methodology surveys graduating students to provide a snapshot of their post-graduation plans. It is a member of the Big 3 consulting firms, with the Boston Consulting Group and Bain & Co. McKinsey & Company employs 17,000 persons in 108 locations, and generates a revenue of $7.8 billion. Everyone was always friendly, lots of very curious, highly motivated self starters surrounded by dedicated support staff. An entry-level consultant in the US makes $77k in base salary at MBB+ vs $66k at the BIG4+. McKinsey Analyst Salary (Undergraduate/Entry-Level) Base: $88,000 (Canada: CA$82,000, UK: £45,500, India: ₹1,635,000, China: ¥290,000) Performance Bonus: up to $15,000 (UK: £5,000, India: ₹450,000) Median bonus numbers were reported to be from $10,000 to $29,500. In general, the monthly pay is prorated based on the starting base salary for a new hire. Based in New York City, with 104 offices in over 50 countries worldwide, they cover a vast number of industries, including oil and gas, private equity, aerospace and defense, telecommunications, and retail. All these degrees see a 90% or higher increase from median starting salary to median mid-career salary. Nothing bad about it The lowest paid McKinsey & Company employees are Interns at $23,000. Their performance bonuses range between $12,000-$18,000, with a signing bonus of $5,000. This year, IIM Calcutta has recorded its highest ever average starting salary at ₹28 lakh per annum. Salary information comes from 117 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. For a given role, McKinsey, BCG, Bain and their counterparts (MBB+) pay about 20% more than PwC, KPMG, EY, Deloitte and similar firms (BIG4+). The highest paid McKinsey & Company employees are Partners at $293,000 annually. In industry, McKinsey is a trade school for CEOs (with Bain a distant second). The Class of 2019 graduates accepted opportunities at 65 companies in financial centers around the world, including Performance Bonus: up to $15,000 (20% of base salary) for 1st year, 40% of base salary for 2nd year (guaranteed) Total Compensation: up to $100,000 Parthenon Undergraduate Salary Then there's a $5,000 signing bonus. Cornell CALS graduates embark on inspiring careers as industry leaders, innovators, scholars, public servants and engaged citizens. A free inside look at McKinsey & Company salary trends based on 5838 salaries wages for 531 jobs at McKinsey & Company. The programme is open to MBA students and undergraduates in the penultimate year of their degree and is designed to provide an insight into the day-to-day working life of a McKinsey consultant. Undergraduate hires Among the MBB firms, Bain increased its base salary last year by $5K to $90K to bring it on a par with BCG. Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. A QS TopMBA report on jobs and salaries for MBA graduates show an average annual salary of $124,000 in North America (Read Average MBA starting salaries). STARTING SALARY. McKinsey London does a lot (I've heard about 30-50% of all projects in the London office) of public sector stuff (e.g. With so many offices, McKinsey is always on the lookout for the best and brightest MBA talent. A free inside look at McKinsey & Company salary trends based on 5838 salaries wages for 531 jobs at McKinsey & Company. A free inside look at McKinsey & Company salary trends based on 440 salaries wages for 104 jobs at McKinsey & Company. The following 10 schools have a history of placing many students with consulting firms, particularly McKinsey, and provide programs that can help candidates stand out. Average McKinsey & Company hourly pay ranges from approximately $14.80 per hour for Customer Service Representative to $22.36 per hour for Entry Level Customer Service Representative. Please note that all salary figures are approximations based upon third party submissions to Indeed. In this article, we will focus on the placement statistics of some of best known, as well as lesser known, undergraduate business degrees in the US. A senior partner can usually hit the C-level. 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