Mckinsey and company associate salary

The firm is popular among b-school grads, offering some of the largest salaries in the consulting industry. These numbers are just starting salaries. Each promotion to a higher level will also coincide with a salary leap. The perks of working at McKinsey don't stop at the hefty salary and bonuses.

Source: Glassdoor. Figures in this chart represent the highest available data points. Read more: Salary of Top Consulting Firms The precise numbers vary from place to place, and we will provide additional insights where possible. Business allowance is also not presented here. The figures in this article are rounded to the closest Actual figures may vary, depending on location, position, experience, performance, and report time.

Mckinsey and company associate salary

You'll work in teams of typically 3 - 5 consultants to identify, and oftentimes implement, potential solutions for a specific client problem or challenge. Together, you will help clients make lasting improvements to their performance and realize their most important goals. Over the course of each project, you will gather and analyze information, formulate and test hypotheses, and develop and communicate recommendations. You'll also present results to client management and implement recommendations in collaboration with client team members. In some cases, you will be asked to travel to your client site. When you join McKinsey, you are joining a firm whose culture is distinctive and inclusive. We will accelerate your development as a leader to create positive, enduring change in the world. As an associate, you will receive training and coaching on how to better:. This will include a senior colleague from your office or practice who will help you grow and achieve your career goals. Additionally, you will have a professional development manager who manages staffing to help you choose projects based on your priorities as well as the needs of client service teams. While all consultants develop specialized knowledge as they progress with McKinsey, most are initially broad in their focus, meaning they do not need specific industry or functional expertise to be successful. For consultants who join McKinsey as experienced professionals, this can mean building on previous knowledge or developing experience in an area that is completely new.

This article is updated annually. Figures in this chart represent the highest available data points in each location. The firm also has options for sabbaticals and extended leaves for personal or professional development.

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Source: Glassdoor. Figures in this chart represent the highest available data points. Read more: Salary of Top Consulting Firms The precise numbers vary from place to place, and we will provide additional insights where possible. Business allowance is also not presented here. The figures in this article are rounded to the closest Actual figures may vary, depending on location, position, experience, performance, and report time. However, it's worth noting that Glassdoor is known to be a platform where users can anonymously share their salary and compensation information.

Mckinsey and company associate salary

You'll work in teams of typically 3 - 5 consultants to identify, and oftentimes implement, potential solutions for a specific client problem or challenge. Together, you will help clients make lasting improvements to their performance and realize their most important goals. Over the course of each project, you will gather and analyze information, formulate and test hypotheses, and develop and communicate recommendations. You'll also present results to client management and implement recommendations in collaboration with client team members. In some cases, you will be asked to travel to your client site.

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The scoring mechanism in the McKinsey Digital Assessment. You'll also present results to client management and implement recommendations in collaboration with client team members. The precise numbers vary from place to place, and we will provide additional insights where possible. While all consultants develop specialized knowledge as they progress with McKinsey, most are initially broad in their focus, meaning they do not need specific industry or functional expertise to be successful. These numbers are just starting salaries. We asked Sydney Streets , senior manager of North America recruitment for McKinsey, what the firm looks for in potential consultant hires. However, it's worth noting that Glassdoor is known to be a platform where users can anonymously share their salary and compensation information. McKinsey offers generous vacation and paid time-off policies that can be extended to 20 weeks for maternity leaves and around three weeks for vacation. McKinsey also makes a k retirement contribution of 7. In some cases, you will be asked to travel to your client site.

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In some cases, you will be asked to travel to your client site. Source: Glassdoor. Actual figures may vary, depending on location, position, experience, performance, and report time. You need to talk to people who did it before, practice cases, and be at the top of your game for the interviews. The fringe benefits offered by McKinsey are generally more comprehensive and generous than those offered by other firms in the industry. To increase your battle power, have a look at our guide to consulting resumes to craft the resume that helps you stand out. Retirement: Minimum 7. The precise numbers vary from place to place, and we will provide additional insights where possible. Finally, we strongly advise reading our McKinsey Case Interview article, which provides insight into the most critical and challenging part of the hiring process. Business allowance is also not presented here. We asked Sydney Streets , senior manager of North America recruitment for McKinsey, what the firm looks for in potential consultant hires.