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 - infographic2McKinsey 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)

4. McKinsey Partner & Director Salary

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.

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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