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McKinsey & Company Salaries

McKinsey & Company, one of the most desired company to work for! Challenging day-to-day work, exposure opportunities, excellent learning culture, and amazing exit options are among the reasons for its prestigious status.

How about Salary at McKinsey? Let’s find out!

Notice: Like I said on the overall consulting salary article, salary varies a lot by a number of factors, i.e: location, position, time, etc. So statistics on salary is not an exact science. In this article, we give you another depth layer into salary, focusing only on McKinsey and being broken down into location, the biggest contribution to salary variations. The data of this is an accumulation of many sources: MCP survey, insider’s information, and other public statistics. Your actual salary in a particular office may be a little bit higher or lower, but the figures we provide here are as close as it can possibly get.

NO

LOCATION

LEVEL

Business Analyst

Associate

Engagement Manager

Associate Principle/ Associate Partner

Partner

1

US

  • Base: $83,000
  • Performance Bonus: Up to $18,000
  • Total cash: up to $101,000
  • Signing Bonus:  $5,000
  • Relocation: $2-10,000

Retirement: 7% of annual compensation

  • Base: $152,500
  • Performance Bonus: Up to $35,000
  • Total Cash: up to $187,500
  • Signing bonus: $25,000

Relocation: $2-9,000

  • Base: $175,000
  • Performance Bonus: Up to $77,000
  • Profit Sharing: $30,000
  • Total Cash: up to $282,000
  • Base: $332,000
  • Performance Bonus: Up to $250,000
  • Total Cash: up to $582,000
  • Base: $572,000 – $1,000,000
  • Performance Bonus: Up to $252,000 – $300,000
  • Total Cash: Up to $1,300,000

2

UNITED KINGDOM

  • Base: £50,000
  • Performance Bonus: Up to £3,000
  • Total cash: up to £53,000
  • Base: £81,000
  • Performance Bonus: Up to £9,000
  • Total cash: up to £90,000
  • Base: £112,000
  • Performance Bonus: Up to £20,500
  • Total cash: up to £132,500
  • Base: £138,000
  • Performance Bonus: Up to £85,500
  • Total cash: up to £223,500

3

GERMANY

  • Base: €60,000
  • Performance Bonus: €11,000
  • Total cash: up to €71,000
  • Base: €94,000
  • Performance Bonus: €20,000
  • Total cash: up to €114,000
  • Base: €112,000
  • Performance Bonus: €70,000
  • Total cash: up to €182,000
  • Base: €180,000
  • Performance Bonus: €57,000
  • Total cash: up to €237,000

4

CANADA

  • Base: C$80,000
  • Performance Bonus: C$15,500
  • Total cash: up to C$95,500
  • Base: C$150,000
  • Performance Bonus: C$28,000
  • Total cash: up to C$178,000
  • Base: C$177,000
  • Performance Bonus: C$63,000
  • Total cash: up to C$240,000
  • Base: C$225,000
  • Performance Bonus: C$170,000
  • Total cash: up to C$395,000

5

SPAIN

  • Base: €54,000
  • Performance Bonus: €10,000
  • Total cash: up to €64,000
  • Base: €87,000
  • Performance Bonus: €15,000
  • Total cash: up to €102,000
  • Base: €95,000
  • Performance Bonus: €20,000
  • Total cash: up to €115,000
  • Base: €150,000
  • Performance Bonus: €55,000

Total cash: up to €205,000

6

AUSTRALIA

  • Base: AUD 95,000
  • Performance Bonus: Up to AUD 15,000
  • Total cash: up to AUD 120,000
  • Base: AUD 155,500
  • Performance Bonus: Up to AUD 20,000
  • Total cash: up to AUD 175,500
  • Base: AUD 184,000-200,000
  • Performance Bonus: Up to AUD 47,000
  • Total cash: up to AUD 247,000

7

INDIA

  • Base: R$1,410,000
  • Performance Bonus: R$440,000
  • Total cash: up to R$ 1,850,000
  • Base: R$2,543,000
  • Performance Bonus: R$835,000
  • Total cash: up to R$ 3,535,000
  • Base: R$4,200,000
  • Performance Bonus: R$2,200,000
  • Total cash: up to R$ 6,400,000

 

Hope you enjoy the list. Should you have or know someone with different McKinsey salary offering, please feel free to share with us.

If you want to know more about the McKinsey Salary Progression, check our article on Career Path In Management Consulting Firms.