Senior consultants can make up to $201,000 per year. Many people grow their entire career at McKinsey and some stay for a while and move on. Jobs; Career Advice; Consulting 50; GS Guides; Post a Job; Login; McKinsey 2267 views. How much does a consultant make at McKinsey? Accenture junior consultants have a maximum annual salary of $113,000, with $87,000 as base. McKinsey: You will join as a Business Analyst. You will develop exceptional problem-solving, communication, and analytical skills. If you hold a bachelor’s degree and have at least four years of work experience, or completed or expect to complete your master's degree within four years of receiving your bachelor's degree, you will join as an associate. Get stories of our people & new job alerts once a week. That’s more than double the salary that a college graduate can earn. 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. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. As a new consultant, you can expect between five and eight weeks of training in your first two years. Others use McKinsey to explore new areas and grow both personally and professionally. The company ostensibly pursues intellectual and business excellence, while also using its people skills to help Syrian refugees. We invest heavily in support and training—more than $100 million per year—for all firm members. Medical students, interns, and residents may apply up to two years in advance of completing their degree. A free inside look at McKinsey & Company salary trends based on 129 salaries wages for 36 jobs at McKinsey & Company. By Simon Lovick Wed Jan 1 2020 MBA Jobs × 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’. 435 salaries for 100 jobs at McKinsey & Company in London Area. Each of the big three offer new undergrad hires a $5k signing bonus. McKinsey & Company Salaries trends. Mckinsey is a global management consulting company serving a large mix of public, social and private sector institutions. Whether you’re finishing your undergraduate degree or studying at the postgraduate level, a career at McKinsey is the best way to put your talents and knowledge to work. © 2020 Management Consulting Prep | Intelectual Property protected by DMCA, 115 BCG Potential Test and 200 McKinsey PST questions, 10 case interview simulation videos with 100+ feedbacks, 50 exercises on 5 business intuition and 200+ Brain Teasers, Management Consulting vs Investment Banking, 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), Profit Sharing: up to $10,000 (China: ¥48,000), Retirement: 7% annual contribution every year to 401K plan, Base: $168,000 (UK: £84,000) (China: $116,000), Performance Bonus: Up to $252,000 – $300,000, Base: $90,000 (UK: £71,000, India: ₹1,600,000), Performance Bonus: up to $18,000 (UK: £6,000, ₹300,000), Retirement: Profit-sharing deposited into 401k account, Base: $165,000 (UK: £90,000) (Australia: A$160,000) (China: ¥700,000), Performance Bonus: up to $41,500 (UK: up to £25,000) (Australia: up to A$61,500)(China: ¥260,000), Profit Sharing: up to $9,000 (China: up to ¥200,000), Retirement:$10,000 into 401k (UK: up to 9% match) (Australia: A$16,000), Signing Bonus: $30,000 (UK: £15,000) (Australia: up to A$40,000), Relocation: $2,000-8,000 (Australia: up to A$7,500), Base: $90,000 (UK: £65,000, Canada: CA$80,000, China: ¥310,000, India: ₹1,800,000), Performance Bonus: up to $22,500 (UK: £6,000, Canada: CA$10,000, China: ¥50,000, India: ₹200,000), Profit Sharing: up to $10,000 (Canada: CA$5,000), Retirement: 4.5% of base + bonus into 401k, no contribution required, Base: $165,000 (UK: £86,000, Canada: CA$160,000, India: ₹3,500,000, Germany: €103,000), Performance Bonus: up to $41,250 (UK: up to £20,000, India: ₹770,000, Germany: €25,000), Profit Sharing: up to $20,000 (UK: £6,000, Canada: CA$20,000), Retirement: 401k contribution up to $8,000 (UK: £10,000), Relocation: $8,000 for under 400 miles; $16,000 for over 400 miles, Retirement: 25% match for the first 6% of individual contributions in 401k, Base: $160,000 (Toronto: C$105,000) (Calgary: C$100,000) (Mexico City: MXN700,000), Performance Bonus: up to $41,000 (Mexico City: up to MXN35,000), Retirement: 25% match of first 6% into 401k (a total of 1.5%), Signing Bonus: $30,000 ($20,000 contingent on signing early) (Canada: C$15,000), Retirement: Match 50% (2.5%) if deposit 5% + pension contribution, Performance Bonus: up to $18,000 (20% of base), Retirement: 25% match up to 6%; 1% immediate separate contribution, Signing Bonus: $30,000 (paid at start of work), Performance Bonus: up to $9,000 (10% of base), Performance Bonus: up to $26,000 (30% of base), Retirement: 6% match for 401k after 1st year, Base: $155,000 (Canada: C$135,000) (UK: £83,000), Performance Bonus: $30,000 + $15,000 for top performers (UK: £10,000), Signing Bonus: $35,000 + $17,500 early sign on for returning interns (Canada: C$25,000) (UK: £31,500), Performance Bonus: up to $20,000 (25% of base), Base: $158,000 (Canada: C$153,000) (Germany: €85,000) (Dubai: AED570,000), Performance Bonus: up to $44,100 (Canada: up to C$45,900) (Germany: up to €16,000) (Dubai: up to AED90,000), Retirement: 401k contribution up to $8,000, Signing Bonus: $25,000 (plus $10,000 for summer interns). McKinsey term their graduate trainees "Business Associates". Our roles include generalist consulting, practice consulting - focused on a specific function or industry (e.g., digital, operations, marketing & sales, etc. In fact, we’ve created a program called Business Essentials - a distinctive and immersive learning experience that equips all new client-facing colleagues with the foundational business capabilities they need to confidently and competently participate in team and client discussions from day one. Senior consultants can make up to $185,000 per year. Months Jul 19 Aug 19 Sep 19 Oct 19 Nov 19 Dec 19 Jan 20 Feb 20 Mar 20 Apr 20 May 20 Jun 20 0 2 4 6 8 0 job 0 job 3 jobs 0 job 0 job 2 jobs 0 job 0 job 5 jobs 2 jobs 0 job 0 job Typically, nearly half of our incoming consultants have MBAs, and we’re fully committed to finding top talent from business-school programs around the world. Coaching and mentorship is an integral part of your development at McKinsey; peers will give you feedback and partners will help you grow and plan the next several years of your career. Graduate salaries vary on the occupation and the following show the graduate salary ranges of: Our flagship business publication has been defining and informing the senior-management agenda since 1964. Newton Europe 's graduate starting salaries start at £45,000 - £50,000. McKinsey remains the laggard on $87,000 despite increasing base pay by $2K. Please click "Accept" to help us improve its usefulness with additional cookies. tab. 69 salaries for 23 jobs at McKinsey & Company in Australia. Press enter to select and open the results on a new page. Revenues at the business rose 18% to £582m. Salaries at strategy consulting firms tend to start higher and rise more quickly than those at broader management consulting firms. Salaries posted anonymously by McKinsey & Company employees in Australia. McKinsey Analyst Salary (Undergraduate/Entry-Level) Social . You will likely have the opportunity to travel to different countries. Coaching and mentorship is an integral part of your development at McKinsey; peers will give you feedback and partners will help you grow and plan the next several years of your career. McKinsey Quarterly. Consultant salaries at McKinsey & Company can range from £24,632 - £158,261. Canada: C$20,000. McKinsey & Co. Inc UK spent around 45% of its revenues on paying staff last year. Our commitment to development and support will help you confidently transition to the business world. McKinsey & Co. Inc UK spent around 45% of its revenues on paying staff last year. Course of study total salary as a new consultant, you ’ ll build knowledge! & Tech firms will Ramp up MBA Hiring in 2020: McKinsey, BCG, McKinsey &,. Checklists, interviews and more groups, base salaries grow relatively quickly on a new consultant you. 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