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At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.
Those six-digit salaries are a major point of attraction for the best and brightest candidates out there, and also the reason you are reading this article; so let’s find out how much McKinsey pays its consultants in 12 different countries.
McKinsey Salary (infographic)
1. McKinsey Analyst Salary
McKinsey Analysts in the US may earn up to $100,000 per year in salary, with $88,000 base and $15,000 performance bonus. 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).
McKinsey Analyst Salary (2020)
- 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
- Signing Bonus: $5,000 (UK: £3,000)
- Relocation: $2,000-10,000
- Total Annual Salary: up to $113,000
McKinsey Analyst Salary (2016)
McKinsey Analyst Salary in 7 countries – 2016 – in US Dollar Equivalents
| Base | Bonuses | Total | |
| US | $88,000 | $15,000 | $103,000 |
| UK | $66,533 | $3,992 | $70,524 |
| Germany | $71,783 | $13,160 | $84,943 |
| Canada | $61,579 | $11,931 | $73,509 |
| Spain | $64,604 | $11,964 | $76,568 |
| Australia | $70,162 | $11,078 | $81,240 |
| India | $19,067 | $5,950 | $25,017 |
(Profit Sharing not counted in this table due to inconsistent data;
one-time/irregular payments such as signing bonus and relocation are not included)
2. McKinsey Associate Salary
McKinsey Associates in the US may earn up to $200,000 per year in salary, with $168,000 base and $35,000 performance bonus. In other developed countries, the salary fluctuates between $110,000 to $140,000, while in developing nations, the number is roughly $40,000-$50,000 (profit sharing not included).
McKinsey Associate Salary (2020)
- Base: $168,000 (UK: £84,000) (China: $116,000)
- Performance Bonus: up to $35,000
- Profit Sharing: up to $30,000
- Retirement: 7.5% into 401k
- Signing Bonus: $30,000
- Relocation: $2,000-9,000
- Total Annual Salary: up to $233,000
McKinsey Associate Salary (2016)
McKinsey Associate Salary in 7 countries – 2016 – in US Dollar Equivalents
| Base | Bonuses | Total Salary | |
| US | $168,000 | $35,000 | $203,000 |
| UK | $107,783 | $11,976 | $119,759 |
| Germany | $112,459 | $23,928 | $136,387 |
| Canada | $115,460 | $21,552 | $137,012 |
| Spain | $104,085 | $17,946 | $122,030 |
| Australia | $114,844 | $20,679 | $135,523 |
| India | $34,388 | $11,291 | $45,680 |
(Profit Sharing not counted in this table due to inconsistent data;
one-time/irregular payments such as signing bonus and relocation are not included)
3. McKinsey Engagement Manager Salary
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. In other developed countries, the salary fluctuates between $170,000 to $200,000, while in developing nations, the number is roughly $80,000 to $100,000 (profit sharing not included).
McKinsey Engagement Manager Salary (2020)
- Base: $175,000
- Performance Bonus: Up to $77,000
- Profit Sharing: $30,000
- Total Annual Salary: up to $282,000
McKinsey Engagement Manager Salary (2016)
McKinsey Engagement Manager Salary in 7 countries – 2016 – in US Dollar Equivalents
| Base | Bonuses | Total Salary | |
| US | $175,000 | $77,000 | $252,000 |
| UK | $149,033 | $27,278 | $176,311 |
| Germany | $133,994 | $83,746 | $217,740 |
| Canada | $136,242 | $48,493 | $184,736 |
| Spain | $113,656 | $23,928 | $137,583 |
| Australia | $135,892 | $34,712 | $170,604 |
| India | $56,795 | $29,750 | $86,545 |
(Profit Sharing not counted in this table due to inconsistent data;
one-time/irregular payments such as signing bonus and relocation are not included)
McKinsey Partner & Director Salary (2020)
- Base: $572,000 – $1,000,000
- Performance Bonus: Up to $252,000 – $300,000
- Total Annual Salary: up to $1,300,000
McKinsey Associate Partner Salary (2016)
McKinsey Partner & Director Salary in 5 countries – 2016 – in US Dollar Equivalents
| Base | Bonuses | Total Salary | |
| US | $332,000 | $250,000 | $582,000 |
| UK | $183,630 | $113,771 | $297,400 |
| Germany | $215,348 | $104,085 | $319,432 |
| Canada | $173,190 | $130,854 | $304,044 |
| Spain | $179,456 | $65,801 | $245,257 |
(Profit Sharing not counted in this table due to inconsistent data;
one-time/irregular payments such as signing bonus and relocation are not included)
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