How many senior partners does McKinsey have?

How much does a McKinsey senior partner make?

$467K. The estimated total pay for a Senior Partner at McKinsey & Company is $467,172 per year. 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 estimated base pay is $219,036 per year.

How much does a Partner of McKinsey earn?

McKinsey Partner & Director salary

McKinsey Partners and Directors in the US may earn up to $1,300,000 per year in salary, with a $1,000,000 base and $300,000 performance bonus.

How long does it take to become a senior partner at McKinsey?

If you begin your career at McKinsey, you can expect to be elected to the first stage of a partnership in five to seven years. The greater your professional experience, the sooner you can reach this level. The most senior position at McKinsey, you might be elected director come seven years after you are made partner.

What age do McKinsey partner retire?

The company has a flat hierarchy and each member is assigned a mentor. Since the 1960s, McKinsey's managing director has been elected by a vote of senior directors to serve up to three, three-year terms or until reaching the mandatory retirement age of 60.

What is the difference between senior partner and director at McKinsey?

While legally all the senior most people at the three firms are known as “Partner” – meaning they own a share of the company – they have different titles. At McKinsey, there is “Partner” and then for distinguished long-term leaders there is Director.

Does everyone become a Partner at McKinsey?

Only a small percentage of consultants who join top consulting firms like McKinsey, BCG, and Bain make it to Partner. We estimate that around 5% of consultants rise to this level.

What is the hierarchy at McKinsey?

That is correct, the traditional track at McKinsey from bottom to top is Analyst>Associate>Engagement Manager>Associate Partner>Partner. Moving from one position to the next normally takes 1 to 3 years. Each one of the previous role develops from Junior to Senior (e.g. from Junior analyst to Senior analyst).

How much does McKinsey CEO make?

$505K. The estimated total pay for a Chief Executive Officer at McKinsey & Company is $504,834 per year.

Can husband and wife work at McKinsey?

McKinsey is incredibly supportive of dual career couples and of diverse journeys and paths.

Are McKinsey partners smart?

It's not so much that McKinsey consultants are smart (though they are), but that they are often from a prestigious pedigree. At McKinsey, your colleagues are nearly always from the likes of Oxford, Harvard, Stanford, and Yale. Or if they're older: INSEAD, Goldman Sachs, Google, or the military.

What percentage of people get into McKinsey?

The McKinsey recruiting process is a relatively regimented process that is designed to narrow down the candidate pool from >200K applicants. In fact, the McKinsey recruitment process is considered one of the most competitive processes in the corporate world with just a ~1% acceptance rate.

How long do most people stay at McKinsey?

The typical length of time for consultants to stay at top firms like McKinsey, BCG or Bain is two to four years.

Do McKinsey partners get pension?

MCKINSEY & COMPANY, INC. PARTNER CASH BALANCE PLAN is a DEFINED BENEFIT PLAN. This type of plan generally provides participants with a monthly retirement benefit upon reaching a specific age and may be adjusted for early retirement.

Why do people leave McKinsey after 2 years?

Management consultants often quit their job after 2-4 years. Some are attracted by offers with higher pay, more autonomy, or better work-life balance; others quit to get new experience and refresh their learning curve, or to pursue other long-term plans.

What is the average age of McKinsey employees?

What is the average age of employees at McKinsey & Company Inc? The most common age range of McKinsey & Company Inc employees is 20-30 years. 48% of McKinsey & Company Inc employees are between the ages of 20-30 years. The least common age range of McKinsey & Company Inc employees is less than 18 years.

What is the average age at McKinsey?

But McKinsey is unusual because its employees join and leave the firm young. The average age is 35, and over 80% of the staff are under 40.

Do McKinsey consultants travel a lot?

With the majority of the firm traveling four, five or more days per week and reporting that they average upwards of 70-hours ever week, when you're on with McKinsey, you're really on. But the firm's Take Time initiative allows consultants to step away from their desks for sabbaticals between projects.

What is the highest paid McKinsey consultant?

The highest paying salary package reported for a Management Consultant at McKinsey sits at a yearly total compensation of $445,500. This includes base salary as well as any potential stock compensation and bonuses.

Which is the highest paying job in McKinsey?

How many hours do McKinsey consultants work?

Typically, 9am to 9pm are considered to be the typical 'core hours' at top consulting firms, with some variation on either side of the timeframe. On average, a standard number of hours a consultant can expect to work in a week is between 70 and 75, including lunch and travel time.