Management Consulting Salary-Market Report for 2022 As a top firm consultant (after medical school), you make (if you're average or below average): 120K year 1 (constant across the firm), 150-170K year 2 and around 200-220K year 3. $136,667. 2020 base: 186k. McKinsey, Bain, BCG Salaries Frozen As MBA Consultants Impacted By COVID What is average salary increase yearly in top consulting firms? Below national average. When it comes to base salaries, Bain pays $115,000 compared to $126,000 at McKinsey and BCG. 2022 consulting salaries: how much top management consultants earn Total salary $78,000. Base Salary. Partner / Senior Partner. Strategy consulting is a fairly well-paid sector. Stock Grant (/yr) $10,000. Project Leader (3-4 years out of MBA): $200K - $230K. How Much Can a Partner at Mckinsey, BCG Or Bain Actually Make? The career progression for a McKinsey consultant is broken down into 6 main steps. Roland Berger Senior Consultant Salaries - Glassdoor 294 Salaries at McKinsey & Company Shared by Employees McKinsey careers: the ultimate guide - IGotAnOffer = $95k Minimum Pay for 1st year graduates out of undergrad. McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. Jobs | Careers | McKinsey & Company This estimate is based upon 25 McKinsey & Company Senior Consultant salary report (s) provided by employees or estimated based upon statistical methods. Total MBA Salary $170,000. Senior Implementation Consultant salary at McKinsey & Company ranges between ₹ 24 Lakhs to ₹ 28 Lakhs. McKinsey also offers 50% off second year MBA tuition for returning interns. Senior Partner McKinsey Salary: By the time an employee rises to the level of Senior Partner, their salary can be up to $5,000,000 per year. Consultant : ~170-175€. Average salary for McKinsey & Company Senior Data Analytics Consultant in Keflavík: US$105,748. Based on my experience and assuming that gross salary for a junior consultant (e.g. The median total compensation package for a Senior Business Analyst at McKinsey is $180,000. McKinsey Consulting vs. McKinsey Research | Wall Street Oasis Average salary for McKinsey & Company Senior Data Analytics Consultant in Keflavík: US$105,748. As a Partner, you are firmly focused on building deep "trusted advisor" relationships with clients. 24%. . Time is split across several teams to give content and . The salary-comparison platform Glassdoor said entry-level consultants at McKinsey, called business analysts, earned $110,500 a year on average. You are currently posting as works at Senior Consultant For those in this category - how did you reach $1,000,000 net worth.combination of stocks, side hustles, jobs etc. . While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. Management Consultant Salaries at Bain, BCG, and McKinsey The average Clinical Consultant salary in the United States is $86,260 as of May 27, 2022, but the salary range typically falls between $80,726 and $96,073. Consulting salaries at McKinsey, Bain & BCG $176,000. Entry-level consultants earn $68,000 as a base salary, with a $10,000 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. The median total compensation package for a Senior Business Analyst at McKinsey is $180,000. Senior Business Consultant Salaries at McKinsey & Company in the United ... Roland Berger. $33,833. Master's graduates at PwC earn a base salary of $83,000, with a signing bonus of $5,000. Response 1 of 70: Deloitte: About $200K base pay plus approximately 1000 stock units @ $400 per unit. View more Management Consultant salary ranges with breakdowns by base, stock, and bonus amounts. Engaged Employer. Consulting Salaries For MBA & Master's Graduates According to PayScale, t he average Management Consultant salary in India is ₹1,149,770. Hello. McKinsey Senior Business Analyst Management Consultant Compensation ... For an overview, see the below image. The average salary for McKinsey & Company, Inc. employees in Nigeria is ₦15,000,000 per year. Similar data for H1B hires at McKinsey & Co. reveals that the strategy consulting firm was hiring associate partner-level management consultants across the U.S. on salaries of $200k throughout August. How to Get a Job in Consulting, According to a McKinsey Consultant Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Senior IT Project Manager: $156,191, $146k - $166k. Avg. Again, a vast majority of this McKinsey salary comes from the commissions of the projects that Senior Partners sell, as well as from overall firm performance. 2022 McKinsey & Company Salary And Bonus - Emolument Role Title Base Salary Bonus Total Salary; Business Analyst: $90,600 . The estimated salary for this employee is about 864,000 ZAR or N25,168,250 per year. We've surveyed recent hires by firms like Bain, BCG, McKinsey, Accenture, and Deloitte and can tell you. SENIOR CONSULTANT - DATA ENGINEERING Median $155,650 6 . and McKinsey management-consulting salaries, from $90,000 entry-level . Associate Salaries in Singapore for McKinsey & Company | Indeed.com McKinsey Implementation Consultant Salary . McKinsey MBA consultants earn $175,000 in base salary with performance bonuses of up to $45,000. 2022 consulting salaries: how much top management consultants earn 2020 all-in: 202k. Based on 1 salaries posted anonymously by McKinsey & Company Senior Data Analytics Consultant employees in Keflavík. Consultant salary guide: Accenture pays the most, KPMG the least View more Management Consultant salary ranges with breakdowns by base, stock, and bonus amounts. When factoring in bonuses and additional compensation, a . The estimated base pay is $96,689 per year. PwC MBA consultants earn base salaries of $165,000 on joining the firm and up to $40,000 in performance bonuses. In comparison, some of its highest paying competitors, like Boston Consulting Group, Morgan Stanley, and A.T. Kearney, pay $118,360, $117,587, and $117,309, respectively. This could be as a result of several factors which may include: the years of experience as a Senior Partner, bonus calculation type, and practice level. Salary estimated from 11 employees, users, and past and present job advertisements on Indeed in the past 36 months. If you'd like to compare McKinsey salaries with other consulting firms, check out our Deloitte salary data and Accenture salary data. Bain - "Principal/Senior Manager". Overview Overview 883 Reviews 12 Jobs 1.1k Salaries 380 Inter­views 151 Benefits 11 Photos. Average McKinsey & Company Senior Implementation Consultant salary in India is ₹ 25.8 Lakhs for 3 to 6 years of experience. To break this down, base salaries for MBAs at the Big Three consulting firms all come in at $165k a year. Average McKinsey & Company Senior Consultant yearly pay in the United States is approximately $125,400, which is 34% above the national average. Average $81,640. $81,640 per year. This is comparatively high compared to graduate salaries in most other fields. $176,000. Meanwhile, two McKinsey & Co. full partners were hired on salaries of $240k and $250k, six were hired on $275k and just one was hired on $347k. Get full report. McKinsey & Company Senior Consultant Salaries in India Partner Salaries at each Consulting Firm (PwC, Deloitte, Accenture ... Health Care Consulting at McKinsey | Student Doctor Network Level: Senior Manager - Post MBA (for the record crappy school) Years at firm: 2. Bonus: $500K - $4.5M+. The Average Salary of a Consultant at McKinsey, Bain or BCG in London BCG boasts a performance bonus of up to $45,000, making it the more lucrative of the two . Partner, total compensation: $1M - $5M+. Role Title Base Salary Bonus Total Salary; Business Analyst: $90,600 . In this video, I share insights based on a survey I did among my consulting . Intern salaries such as the McKinsey . Company Overview Locations FAQ. 2020 Salary Megathread : consulting - reddit Stock Grant (/yr) $--Bonus. Salary information comes from 4 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. McKinsey - "Associate Partner" (AP) (formerly called "Associate Principal") BCG - "Principal". Base Salary. Well, a Senior Partner at Mckinsey and Co is privileged to earn between $500, 000- 4.5 million per year. The 2021 salary report from industry coaching firm Management Consulted shows that salaries at the top three firms - McKinsey, Bain and Boston Consulting Group (BCG . . This estimate is based upon 4 McKinsey & Company Senior Consultant salary report (s) provided by employees or estimated based upon statistical methods. Additional: All team members above manager will skip raises and bonuses for 2021 so we can keep members who are on the bench and give pay raises to everyone else. So all in all, the total compensation for a junior partner can be between $500k and $1m. The typical EY Senior Consultant salary is $72,614 per year. McKinsey Senior Business Analyst Salary. Jobs | Careers | McKinsey & Company This salary progression and other benefits are why Mckinsey's salary has become a topic of discussion in the consulting world. Each salary is associated with a real job position. Salaries posted anonymously by McKinsey & Company employees. Senior Associate : ~135€. These three top management-consulting firms pay big base salaries for their consultants, even in entry-level positions. We have found job openings from MCKINSEY : 2951 Records from , Median Salary $128100. McKinsey & Company Senior Implementation Consultant Salaries in India The salaries at Boston Consulting Group average $118,360 per year, and the salaries at Ernst & Young come in at $100,627 per year. Senior Consultant salary at McKinsey & Company ranges between ₹ 17 Lakhs to ₹ 50 Lakhs per year. They may be asked for input from their team, or from their area of expertise. Salary information comes from 9 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. What To Expect For A Senior Consultant Salary - Management Consulted Working At McKinsey & Company Inc: Employee Reviews and Culture Book a coaching. FILTER BY REGION . 2021 base: N/A. 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. Below is a chart depicting average compensation from 122 consulting firms. A Senior Consultant may lead a team of Business Analysts, Junior Consultants, and even other Senior Consultants. Junior Business Associate. . If you think consulting pay is insane look at people who go into Investment Banking, $85k Base + $10k Signing + Bonus (Max is 100% of Base). Koné said it was becoming increasingly common for . Based on 1 salaries posted anonymously by McKinsey & Company Senior Data Analytics Consultant employees in Keflavík. McKinsey & Company Senior Consultant Salaries | Glassdoor Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Management Consulting Case Interviews. Clinical Consultant Salary | Salary.com BCG vs. McKinsey: Compensation. McKinsey Senior Associate Management Consultant Compensation - Levels.fyi Senior Partner/Director (10+ years out of MBA): $1M+. Senior Consultant Salaries in the United States for McKinsey & Company ... According to our estimates it is 5% more than the average Senior Implementation Consultant Salary in Management . However senior strategy consultants at Bain report receiving bonuses of around $43,000, which is more than triple than those at McKinsey ($14,000). Senior Consultant salaries at McKinsey & Company can range from £63,586 - £105,446 per year. Add a Salary. Ripper Answered Mar 31, 2022 All the best! Exit opportunities are numerous for MBB alumni, including top leadership positions such as CEO or vice president at Fortune 500 companies. Please note that all salary figures are approximations . High $139,000. What is the entry-level base salary for McKinsey consultants (in ... Average McKinsey & Company Senior Consultant salary in India is ₹ 30 Lakhs per year for employees with experience between 6 years to 15 years. How much does a partner at McKinsey, BCG or Bain make? The ManagementConsulted report estimates that total compensation for MBA hires at Bain and BCG (combining salary, performance bonuses, and signing bonus) can reach up to $236,000, while McKinsey MBA hires receive $230,000. Employers (7) MCKINSEY & COMPANY INC UNITED STATES Median $126,380 2907 . Capco Senior Consultant Salaries | Glassdoor Management Consulting Salary & Compensation, Average Bonus in Consulting A free inside look at McKinsey & Company salary trends based on 294 salaries wages for [jobTitleCount] jobs at McKinsey & Company. You guys are probably aware that McKinsey has 2 divisions that they hire in: Consulting and Research (supporting the consultants). McKinsey Senior Associate Management Consultant Compensation - Levels.fyi It won't make you the next Bezos or Musk, but it helps a middle class person give their family a pretty great life. . McKinsey & Company Senior Consultant Salaries - Glassdoor The COVID-19 pandemic brought on a big freeze in salaries in the consulting industry as participants cut costs, bringing to an end the generous pay rises of precedng years. McKinsey Senior Implementation Coach Salary. . Where Should I Work? BCG vs. McKinsey | MetroMBA The median total compensation package for a Senior Associate at McKinsey is $210,000. Bonus: $150K - $500K. Both companies offer a healthy starting salary with a base of at least $165,000. Engagement Manager: $156,165, $125k - $200k. A reasonable estimate of the range for this role is $165,000-$165,000. A McKinsey associate principal salary sits at around $250-to-$320,000, while McKinsey partner salary prospects start at around $350,000 and go up to $450-to-$650,000 for a senior partner with potential bonuses of over $500,000. Partner/Principal (8+ years out of MBA): $500K - $1M. . Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to experience and expertise. McKinsey Consulting vs. McKinsey Research. The additional pay consists of cash bonuses. Filters . Average McKinsey & Company Associate monthly pay in Singapore is approximately $12,849, which is 193% above the national average. Financial Review consulting salary guide Edmund Tadros Professional services editor Updated Jul 29, 2021 - 6.49pm , first published at Jun 8, 2021 - 12.12pm Anonymous updated the answer on May 11, 2020. Senior Consultant yearly salaries in Australia at EY - Indeed If you'd like to compare McKinsey salaries with other consulting firms, check out our Deloitte salary data and Accenture salary data. Jr. Base Salary. Consulting salary grows at 5 percent annually on average.