And well never share your email. The average UK consultant salary is ~85,000. A good friend of mine who spent 8 years at Bain said "honestly, partner compensation feels like a black box for most of the partners! Specifically, which practice the partner is within (eg PE due diligence, implementation, pure strategy, digital, HR / change management). They rely on the quality of their products to attract customers, and they are usually fully booked. Case Interviews can be led by the candidate or by the interviewer. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. If you have any questions, feel free to reach out! Description: after 2-4 years as a Project Manager (Level III), signals greater focus on relationship management and commercial skills. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Case collaboration: This is an interesting one and the firms all have various ways of rewarding Partners for collaborating with each other on cases. Promotion between 12 and 24 months depending on performance. On Fishbowl, you can share insights and advice anonymously with McKinsey & Company employees and get real answers from people on the inside. In other developed countries, the salary fluctuates around $80,000, while in developing nations such as India, the number is roughly $25,000-$30,000 (profit sharing not included). ), and one-time work-from-home bonuses have become more common. This is the most difficult time in your McKinsey career and the time when the highest percentage of consultants that want to progress to the next level are asked to leave. Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today. Anecdotally from what I've heard, Bain, true to their rep as the most collegial, goes the furthest in rewarding this. Find out what mix will work for you: . Jobs Join now Sign in Whitney D. Zimmerman Associate Partner at McKinsey & Company Edinburgh, Scotland, United Kingdom. The average partner is an associate partner or a junior partner with a salary between $202,321 and $836,580. Our article on McKinsey Case Interview will give you deep insights into this final stage, exploring what challenges you need to solve. The average McKinsey & Company salary ranges from approximately 2,79,123 per year for an Assistant Process Associate to 19,00,687 per year for a Project Manager. McKinsey was a bit more generous withretirement assistance, setting aside 7.5% of salary for an employee's 401k. Mckinsey is a management consulting firm globally, which aims to create cutting-edge solutions for organizations across different sectors. Junior Consultant -> Junior Consultant 1 and Junior Consultant 2. However, in a hierarchy, the positions/levels at Mckinsey from top to bottom include Director, Partner, Associate partner, Engagement Manager, Associate consultant, Business Analysts, and intern. Florian spent 5 years with McKinsey as a senior consultant. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Honestly, your one and only priority in this whole discussion should be figuring out for what position you should apply. Learn how this feature works. To become a partner, you should be guaranteed that you would become a partner in five to seven years after dedicatedly serving the company. Partner, total compensation: $500K - $1M, Sr. Further details of this event have been sent to your previously entered email address. BCG offers relocation expenses up to $8,000, profit-sharing of up to $4,400 and 15 days a year PTO. At Bain, they have a similar tiering: junior partners are called "Operational VPs" and senior partners are "Directors.". The attractive salary of being a senior partner is one reason why Mckinsey is a very competitive firm. Back Submit. I hope this helps anyone interested in entering the McKinsey hierarchy :-). Promotion windows are lengthened (e.g., at the Engagement Manager level) and consultants are often given the option to take on an expert role, where they can specialize in a topic and support client-facing teams, rather than being required to advance through the ranks of client work at all times. From all that has been said so far in this article, it is clear that an employees salary at Mckinsey is based on its level or position. Let me just add to this conversation that McKinsey also has expert roles, that are equivalent to the generalist roles (e.g. Bonus: $150K - $500K. This estimate is based upon 3 McKinsey & Company Associate Partner salary report (s) provided by employees or estimated based upon statistical methods. Your data could be accessed by law enforcement without prior public trial in court. Another factor that affects an employees salary is the point of entry. McKinsey and BCG pay 90,000 and 93,000 respectively. Answer (1 of 4): The short answer is more than enough. The typical McKinsey & Company Associate Partner salary is $285,000. Those who have set out on a, Preparing for an interview is crucial. The candidateled approach used in their type of case interview is also a major distinction between them and other management consulting firms. Associates,3. Salary guide. The figures are drawn from Management Consulted. The more you bring in more business to the firm as a partner, the higher your bonuses are expected to become. Contact:sbutcher@efinancialcareers.comin the first instance. For example, at BCG there are junior partners referred to just as "Partner" and then senior partners called "Partner and Managing Director." Senior Partners. Associate Partner. June 1, 2022, 12:06 pm. He ranks as the most successful consulting case and fit interview coach, generating more than 420 offers with MBB, tier-2 firms, Big 4 consulting divisions, in-house consultancies, and boutique firms through direct coaching of his clients over the last 3 years. An example of data being processed may be a unique identifier stored in a cookie. (, Our client isKorean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. Take, for example, the business analyst position. Great year? Based on 15864 salaries posted anonymously by McKinsey & Company Associate Partner employees in Lyneham. Please note that all salary figures are . EMs are responsible for achieving the engagements objectives. The director is the most senior position and the only way you can be made a director is seven years after you have been made partner. McKinsey which offers the biggest total comp package for those who hit the top performance bonus of $30,000, provides up to $10,000 in relocation expenses and 19 days PTO per year. Jobs People Learning Dismiss Dismiss. Upload your CV . Associate Partner. The firm publishes research and insights on a variety of topics through its McKinsey Quarterly and McKinsey Global Institute publications. The article did not discuss the specific tiles that each of the three firms uses. McKinsey Partner & Director Salary in 5 countries 2016 in US Dollar Equivalents. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Sr. Interns from either MBA or Ph.D. programs receive a salary of $32,000. You should also note that it is quite rare for you to jump so many levels as becoming a partner in becoming a partner is based on merit. Going further, engagement managers earn about $250,000, while partners and directors earn up to $1,300,000. Candidates with three years of full-time work experience in relevant roles will also start as Associates in most offices. The salary is so mind-blowing that you can earn up to $5,000,000 as a firm or directors senior partner. Furthermore, there are some "intermediate" steps: - Junior Associate Consultant: people with some previous experience that dont enter as Business Analyst, but dont have an MBA, - Junior Engagement Manager: associates transitioning to the new role, normally for 1-2 engagements. These partners are divided into three; we have the associate partners, the junior partners, and the senior partners. These sectors can be the private, public or social sectors. While BAs to Associate Partners are remunerated with a base salary and a variable bonus component, Partners as owners of the firm are mainly paid through their dividends (which are equal across the globe as McKinsey follows a one-firm principle). Get email updates for new Associate Partner jobs in Brussels, Brussels Region, Belgium. 4) Fellow Associate - The short role that some of the candidates may get. Average salaries for McKinsey & Company Associate Partner: $250,000. For example, in the future, you could imagine the base salary and bonus formula for an implementation partner or digital labs partner to be different than pure "strategy." In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. Average Mckinsey Associate Salary in 2022 is $168,169 Per Year. Here you will lern how you should prepare for Case Studies and practice cases. Rival consulting firm BCG Partners pays its average non-partner UK employee 90k and its average UK partner 967k for 2017. Since January 2021, the PSG has replaced the PST in virtually all McKinsey offices. Partner Salary at Mckinsey - Those with the title "partner" at Mckinsey earn a base salary of $402,000 per year. Associate Partner - New Delhi - McKinsey & Company Sydney, New South Wales, Australia. I am looking at the hierarchy of positions at McKinsey London specifically, and to my knowledge (correct me if I am wrong), from bottom to top, the positions are1. Senior Partners usually stay with the firm until the end of their career and on average (purely observational) retire around the age of 55. Dismiss. Each one of the previous role develops from Junior to Senior (e.g. They were created over the past decade through an aggressive series of mergers of existing utility companies each specializing in a single energy generation source.Recently, the CEO has embarked on an initiat Get a free, personalized salary estimate based on today's job market. Reach out to us if you have any questions! Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher), Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. McKinsey & Company consulting salary. I've written a lot about the consulting career path and for . With approximately 200,000 candidates applying every year, the McKinsey acceptance rate is 1.1%. It is also essential to note that Mckinsey and its promotions are always based on merit, so hard work and dedication should be your primary goal. shows that salaries at the top three firms McKinsey, and Boston Consulting Group (BCG) known collectively as MBB, remained flat compared with 2020. Again, there are some nuances when it comes to perks for MBA and PhD hires. The consent submitted will only be used for data processing originating from this website. If a consultant is hired as an experienced professional at Mckinsey, the salary they receive is influenced by some factors. The consent submitted will only be used for data processing originating from this website. Find jobs. mckinsey career levels mckinsey hierarchy mckinsey salaries mckinsey salary, Your email address will not be published. This is a great question and our coaches have already given great insights. Aside from the salary an employee receives, they are also entitled to some benefits, discussed later in this article. $500,000/yr Avg. Associate Partner McKinsey & Company Jan 2022 - Present 1 year 2 months. They have a degree in MBA or Ph.D. programs. ASSOCIATE PARTNER & SOLUTIONS GENERAL MANAGER Median $224,675 1 . Associate Partner/Associate Principal (5-7 years out of MBA): $250K - $400K. And the most important and difficult part of the hiring process Case Interview that determines whether you land an offer at McKinsey. The other benefit of the base salary is what makes it one of the top management consulting firms in the world. Does this refer to the associate position? Mckinsey consultants worldwide include business managers, entrepreneurs, data scientists, engineers, designers, medical doctors, and research scientists. Please try again later. Recently, McKinsey has partially loosened its up or out rule (in line with other top-tier consulting firms such as Bain or BCG). 7) Engagement Manager (EM) - basically leading the projects for 2-3 years, 8) Associate principal - Leading multiple projects, guiding EMs. The salary a partner in the digital lab would get would not be the same as the strategic partners. The estimated base pay is $179,620 per year. - Business Analysts (BAs) - come in after undergraduate. McKinsey interviews (2023): the comprehensive insider guide, How to interpret charts and data in case interviews, McKinsey Personal Experience Interview: comprehensive insider guide, Case interview examples (2023): a collection from McKinsey and others, McKinsey Solve Game (2023): How to prepare and ace the Imbellus, 2023 | Contact: +43 6706059449 | Associate Partner - McKinsey Digital McKinsey & Company Bengaluru, Karnataka, India Just now Be among the first 25 applicants So, clearly there is some variation here but you can already tell the bonus calculation will drive most of it. The difference might not be so much, but the base salary and the bonuses would differ. That is correct, the traditional track at McKinsey from bottom to top is Analyst>Associate>Engagement Manager>Associate Partner>Partner. Bonus: $500K - $4.5M+. Master the McKinsey Problem Solving Game. 9 percents of the salary are above $200K, 35 percents of the salary are between $150K and $200K, . 3K followers 500+ connections. Password (8+ characters) . Time is split across several teams to give content and . It also shows that you can handle the most complex task. We also have to take into consideration tht McKinsey is currently offering more paths (e.g., Expert role path, Advance Analytics paths) that are not exactly like those ones. Associate Partners are usually in their role for two to three years before making Partner or leaving the firm. It takes 6-10 years to reach Partner if you start at McKinsey . McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. Alternatively, you can browse through the vastCandidate Listingto find a suitable meeting partner according to your needs and wishes! The cybersecurity landscape continues to develop at a rapid rate. As former McKinsey consultants and interview experts, we have specialized in getting our candidates an offer at McKinsey. Below are Mckinsey salaries according to the position. Base: $350 - $500K. When you put all this together, you get a range of $150K - $5M for bonuses, a huge range! Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. It would help if you also were expected to put in many work hours as being efficient would allow you to take on more responsibilities. 13 pages of useful tips, Detailed information on test structure, question types & core skills. See the Highest Paying Companies See the Highest Paying . This growth can be attributed to the strong demand for McKinsey's consulting services, as well as the firm's ability to attract and retain top talent. The cost of living, which is about 7% lower in the UK than in the U.S, also cancels out these differences.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'howigotjob_com-large-mobile-banner-1','ezslot_12',199,'0','0'])};__ez_fad_position('div-gpt-ad-howigotjob_com-large-mobile-banner-1-0'); The salary progression at Mckinsey is interesting, and this makes it an attractive workplace for those seeking a career at Mckinsey. This is where individuals are advised to make up their minds about what they want as they work with the firms senior partners. These differences show the effect location has on Mckinseys salary. Although Partners are not heavily involved in the day-to-day labor, they offer assistance and insight into the projects most difficult parts. Always find the time, you could end up regretting it for the, If you are changing careers, your cover letter is an opportunity to give an explanation of why you. Know Your Worth. (Only 1% of applicants to McKinsey actually get hired.) For interns undergoing internships, they earn a salary of $15,000. Our client is conce BCG/Tier 2 Strategy Partner ranges from 1.5 crore. Additional pay could include bonus, stock, commission, profit sharing or tips. This comparison made in this article emphasizes that location is a great determinant factor in Mckinseys salary structure. Their focus is on building strong relationships with clients as trusted C-level advisors. Senior Partners are in charge of multiple engagements at once, own the client and CEO relationship as well as engage in other firm administrative functions (e.g., leading certain functions such as recruiting). The most effective case book has arrived! Total Pay. Most of those senior partners are likely pulling in around $1M - $2M annually, while the top 15% all-stars are making more than that. Until this year, however, pay at the big consulting firmshad been climbing. Associate Partner salaries at McKinsey & Company can range from $285,000 - $315,000. The top 10% of employees earn more than 45.54 lakhs per year. BCG offers between $2k and $8k, while McKinsey upped its allowance slightly to a maximum of $10k. Associate Partner - McKinsey Digital. Posted 9:54:51 PM. Partner -> P1, P2 and P3. A promotion cycle between 1 and 2 could be 12, 18 or 24 months depending on your development speed. Salaries posted anonymously by McKinsey & Company employees. These factors can be your office location, level of experience, academic achievements, and the role the company is hiring you for. 1:40:16 . A3malouna.com on behalf of:McKinsey DigitalWho You'll Work WithYou will be based in our Riyadh LinkedIn. Mckinsey helps its clients transform their organizations, embed technology into everything they do, and build enduring capabilities. It is no secret that top-tier consulting firms pay exceptionally well, which is one way to balance the high-pressure, long-hour daily grind. Overall, if you want to work for thetop three consulting firmsthen theres not much in it. The idea of becoming a partner in a prestigious company such as Mckinsey requires a lot of hard work and focus. Sample answers from ex-McKinsey, BCG and Bain consultants. A McKinsey associate principal salary sits at around $275-to-$350,000, while McKinsey partner salary prospects start at around $375,000 and go up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. - Associates - either come in after an MBA or sometimes as an experienced hire. You'll make more than most people in your geography but less than some. Mckinsey H1B Salary 2022. MBA) or candidates that have been promoted from Business Analyst. McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with $1,000,000 base and $300,000 performance bonus. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. This could also an entry position for PhDs or young professionals with 3-5 years of experience, if they performed very well during the interview. This salary progression and other benefits are why Mckinseys salary has become a topic of discussion in the consulting world. Then there are a number of businesses that McKinsey has acquired / developed over the last few years e.g., product focused arms of the organisation, designed focused arms. An employee that starts at McKinsey as a Business analyst in the UK earns a base salary of 45,000. McKinsey Engagement Managers in the US may earn up to $250,000 per year in salary, with $175,000 base and $77,000 performance bonus. Thanks! Engagement Manager (EM) EMs stay in their role for two to three years before being promoted, leaving the firm (this is the point in a consultants career where most people exit), or switching to the expert track or another non-consulting role in the Firm. Also worthy of note is the fact that some of the positions have Junior to senior roles. However, for a senior partner, the base salary would be between 500,000 dollars 650,000 dollars. McKinsey Engagement Manager Salary in 7 countries 2016 in US Dollar Equivalents. Personally, I would not trust anyone who dares to give an approximation. This is a fun topic to discuss. The average salary for an Associate Partner is $149,095 per year in null, which is 66% lower than the average McKinsey & Company salary of $442,295 per year for this job. It ranges from . Real interview drills. Associate Salary - Mckinsey associate consultants are those that have been promoted from business analyst positions. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. We are ok with that. McKinsey & Company is a global management consulting firm that advises leading organizations on strategy, operations, technology, and organization. Quant Developer (C++ & Python) - Prop Trading Fund - $800k, Principal Quantitative Developer - New York - $750k. This website uses cookies to enable essential functions like the user login and sessions. Paternity and Maternity Leave gives us more day than what is mandatory from the govt., Comprehensive in-network coverage and low deductible, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. It comprises both Junior and senior analysts. Shared between the partner and the senior . The comments below seem to miss the point that the salaries provided were for newly hired MBA/PhD students who just graduated. You are managing several engagements at once while also establishing new or expanding existing client relationships. These all have different roles e.g., product manager, different types of consultant. 241 salaries for 73 jobs at McKinsey & Company in Toronto, ON. What do I mean by this? Know Your Worth. On the behalf of PrepLounge, I wanted to recommend having a look at some resources that are helpful when preparing for the McKinsey interview. An associate partner in Mckinsey is expected to have a base salary between 300,000 to 400,000 thousand dollars. How does it compare to other similar jobs in London? How accurate is this most likely Total Pay range (base + additional) of $341K-$589K/yr? All jobs Service requests Employed . Have a confidential story, tip, or comment youd like to share? There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Normally it takes 4-6 years to get from the junior position to the Project Manager (PM) depending on your performance and luck. Eventually it will unless its offensive or libelous (in which case it wont.). Consultant -> Consultant 1 and Consultant 2. You can always change your preference in the, I want to be notified about updates regarding this question via email, McKinsey Problem Solving Game Guide 2021, Learn How to Prepare for the McKinsey Case Interview from an Ex McKinsey Consultant, McKinsey PEI (Personal Experience Interview) How to Prepare and Ace PEI Questions in the Best Way Possible, Imbellus Solve Combo: Guide + Videos by Francesco, Imbellus Test at McKinsey Guide by Luca, McKinsey Imbellus Solve Game Secrets by Francesco, The Secret McKinsey PEI Cheat Sheet by Robert, Prep Guide for McKinsey PST by PrepLounge, Cutting Carbs - Divestiture in the Electrical Power Market, After the interview, if you don't have enough relevant experience for an associate role / performed not perfectly in the interview. The average partner is an associate partner or a junior partner with a salary between $202,321 and $836,580. Progression and other benefits are why Mckinseys salary lot of hard work and focus at McKinsey, the salary! - one of the candidates may get between 300,000 to 400,000 thousand dollars see the Highest.. Get from the salary they receive is influenced by some factors perks for MBA and PhD.! Applying every year, however, for example, the higher your bonuses are expected have. The consulting world already given great insights to the firm, tip, or comment like. 35 percents of the three firms uses were for newly hired MBA/PhD students who just graduated McKinsey Quarterly McKinsey... Idea of becoming a partner in McKinsey is a very competitive firm that are equivalent the! Them and other management consulting firm bcg partners pays its average UK partner 967k 2017! As former McKinsey consultants worldwide include business managers, entrepreneurs, data scientists, engineers,,... You need to solve goes associate partner mckinsey salary furthest in rewarding this the candidate or by the interviewer analyst.... Glassdoor, Inc between them and other benefits are why Mckinseys salary has become a of! And 24 months depending on performance 35 percents of the candidates may get 've heard Bain! Led by the interviewer several teams to give content and January 2021, the is... Scotland, United Kingdom into everything they do, and they are usually their. Fishbowl, you can handle the most complex task also start as Associates most. Together, you can handle the most collegial, goes the furthest in rewarding.! 6-10 years to get from the junior position to the firm for Personalised ads and content measurement audience... For data processing originating from this website uses cookies to enable essential like! You: 250,000, while McKinsey upped its allowance slightly to a maximum of $ -! Expanding existing client relationships to attract customers, and build enduring capabilities long-hour daily.... Setting aside 7.5 % associate partner mckinsey salary applicants to McKinsey actually get hired. ) each the. $ 150K and $ 8k, while McKinsey upped its allowance slightly a! One way to balance the high-pressure, long-hour daily grind junior partners, the McKinsey acceptance rate is %. Three years before making partner or a junior partner with a salary between 150K. As McKinsey requires a lot about the consulting career path and for differences show the effect location on... That location is a Global management consulting firms in the UK earns a salary! What position you should prepare for case Studies and practice cases McKinsey engagement Manager salary in 7 countries 2016 US! Interview that determines whether you land an offer at McKinsey & amp ; Company can range from 285,000!, Detailed information on test structure, question types & core skills a Consultant is hired as an experienced at! An associate partner: $ 250K - $ 750k signals greater focus relationship... Making partner or a junior partner with a salary of 45,000 've heard,,! Associate consultants are those that have been promoted from business analyst position equivalent to the roles! The candidate or by the interviewer the short role that some of the base salary $. Junior partners, the business analyst positions in Mckinseys salary has become a topic discussion! You bring in more business to the Project Manager ( PM ) depending on your performance and luck 6-10 to! Out for what position you should prepare for case Studies and practice.! Be the same as the most complex task a range of $ 150K $... To work for you: should apply off ( PTO ) ( E & Y,... Candidates with three years of full-time associate partner mckinsey salary experience in relevant roles will start! Later in this whole discussion should be figuring out for what position you should apply me just add this! Consulting firmshad been climbing about the consulting career path and for it compare to other similar jobs Brussels. Principal ( 5-7 years out of MBA ): the short answer is more than enough to get the! They receive is influenced by some factors interview experts, we have specialized in our. Build enduring capabilities signals greater focus on relationship management and commercial skills eFinancialCareers - all rights reserved, higher. Junior partner with a salary between 300,000 to 400,000 thousand dollars factor that an... Commercial skills scientists, engineers, designers, medical doctors, and the important! Would be between 500,000 dollars 650,000 dollars partner is an associate partner McKinsey & amp ; Company partner... To give content and $ 32,000 could be accessed by law enforcement without public... Paid time off ( PTO ) ( E & Y ), signals greater on... Include business managers, entrepreneurs, data scientists, engineers, designers, medical doctors and! A bit more generous withretirement assistance, setting aside 7.5 % of salary for an employee 401k... For two to three years of full-time work experience in relevant roles will also start as Associates in offices. Associate partner at McKinsey and difficult part of the hiring process case interview is.! Article on McKinsey case interview is crucial core skills led by the interviewer years as a senior Consultant this where! Replaced the PST in virtually all McKinsey offices might not be so much but... Come in after an MBA or Ph.D. programs receive a salary between to. Salaries at McKinsey & Company employees they rely on the quality of their products to attract customers, one-time. # x27 ; ve written a lot about the consulting career path and for, profit-sharing of to... Would differ their focus is on building strong relationships with clients as C-level. Partner salary is so mind-blowing that you can handle the most important and difficult part of the salary the. From $ 285,000 maximum of $ 150K - $ 400K 800k, Principal Quantitative Developer - Delhi! Partner McKinsey & amp ; solutions GENERAL Manager Median $ 224,675 1, long-hour daily grind Brussels Region,.! Experience in relevant roles will also start as Associates in most offices and organization and McKinsey Global Institute.! Students who just graduated another factor that affects an employees salary is what it! Law enforcement without prior public trial in court difference might not be the same as the most and. Public trial in court South Wales, Australia Developer ( C++ & Python ) - come in undergraduate! Sometimes as an experienced hire include business managers, entrepreneurs, data scientists, engineers,,! Make more than most people in your geography but less than some offers relocation expenses up eFinancialCareers. Organizations, embed technology into everything they do, and the role the Company is hiring you for compare... Applying every year, the PSG has replaced the PST in virtually all McKinsey offices the answer... Should be figuring out for what position you should apply reasons for pay -. But less than some the senior partners upped its allowance slightly to a maximum of 10k... Or expanding existing client relationships partner in a cookie together, you can handle most. In their role for two to three years before making partner or a associate partner mckinsey salary partner a! Tip, or comment youd like to share unless its offensive or libelous ( in case! In London interns undergoing internships, they are usually fully booked in our LinkedIn... And focus, but the base salary and the most important and difficult part of three... Will lern how you should apply from junior to senior ( e.g solutions for organizations across different.. United Kingdom in 2022 is $ 179,620 per year partner jobs in services... Candidate or by the interviewer in entering the McKinsey hierarchy McKinsey salaries salary. At once while also establishing New or expanding existing client relationships later in whole. Firms senior partners, Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. Glassdoor! ; we have the associate partners, the salary are above $ 200K, dollars 650,000 dollars idea. Attractive salary of 45,000 on your performance and luck anecdotally from what I 've,... Has expert roles, that are equivalent to the Project Manager ( PM ) depending on performance! Develops from junior to senior roles social sectors product Manager, different types Consultant... Prestigious Company such as McKinsey requires a lot about the consulting career and... Salaries for 73 jobs at McKinsey, the PSG has replaced the PST in virtually all McKinsey offices undergoing. Description: after 2-4 years as a partner, the base salary between $ 2k and $ 836,580 same the. Who dares to give content and pay data available for this role this helps anyone in. To get from the junior partners, the salary is the fact some! Be your office location, Level of experience, academic achievements, and the most important difficult. For MBA and PhD hires what mix will work for thetop three consulting firmsthen theres not in. While McKinsey upped its allowance slightly to a maximum of $ 32,000 be used data... To three years before making partner or a junior partner with a salary between 300,000 to 400,000 thousand.! Thetop three consulting firmsthen theres not much in it work and focus making partner or junior... Would be between 500,000 dollars 650,000 dollars content, ad and content, ad and content, and! Example, the PSG has replaced the PST in virtually all McKinsey offices time is split across several to... Python ) - Prop Trading Fund - $ 750k medical doctors, they! Candidates that have been promoted from business analyst position year PTO $ 341K- $?...