How much do top McKinsey partners make?

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Is it hard to make 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.

How many years does it take to be a 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.

Who pays more McKinsey or BCG?

In 2022, starting base salaries for new MBA grads at the three firms was $175,000. Going into 2023, however, Bain and McKinsey will offer $192,000 base salaries and BCG will offer $190,000.

Is McKinsey the most prestigious?

In 2022, McKinsey & Company was rated as the most prestigious consulting firm in the United States with a rating of more than nine.

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

What are Partners called at Bain, BCG & 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.

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 average Partner pay at McKinsey?

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 many McKinsey senior partners are there?

The Shareholders Council functions as our firm's global board of directors, setting the strategic direction and policies of the firm. It includes the managing partner, plus 30 senior partners who are elected by their peers to serve three-year terms.

How much do Goldman Sachs partners make?

Goldman Sachs Salary FAQs

How does the salary as a Partner at Goldman Sachs compare with the base salary range for this job? The average salary for a Partner is $189,648 per year in United States, which is 62% lower than the average Goldman Sachs salary of $502,403 per year for this job.

How much do Bain expert partners make?

The estimated total pay for a Expert Partner at Bain & Company is $430,458 per year.

How much does an Associate Partner at McKinsey earn in Boston?

The estimated base pay is $239,641 per year. The estimated additional pay is $283,473 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

Does McKinsey only hire Ivy?

While McKinsey and the other top firms are heavily represented by graduates of Ivy League universities (and their international counterparts), it is not staffed exclusively this way. The story that follows is very instructive for anyone applying from a non-target school.

What is a good GPA for McKinsey?

McKinsey, Bain, and BCG don't have a strict GPA cutoff, but they do typically consider anything from 3.6 up as a strong GPA. However, it's not quite that simple. For instance, you may have a 3.4 GPA but have top scores on your SAT or GRE, so all of these academic results will be reviewed.

Is everyone at McKinsey 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.

Who pays more Bain or McKinsey?

In terms of base pay, Bain and McKinsey both start at $192K, with the Boston Consulting Group (BCG) trailing close behind at $190K. That's a near 10% increase over last year, where MBB bases averaged $175K. For sign-on bonus, new MBA hires collect $30K at each firm.

How much is McKinsey bonus?

McKinsey Consultant Salary & Bonuses

MBA graduates at McKinsey can earn performance bonuses up to $45,000, and a signing bonus of $30,000. For master's graduates, performance bonuses cap at $30,000, with a signing bonus of $5,000. These numbers are just starting salaries.

Does McKinsey negotiate salary?

Unfortunately, you cannot negotiate your salary in McK.

How many hours a week do McKinsey partners 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.

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.

How many hours do McKinsey partners work?

On a very high level, a rough average of all the Partners I met in almost 5 years in McKinsey, they'd work from 9 to 9 (12h) every day, with a potentially shorter day on Friday. However, there is a significant variability here. Here are some of the factors (among others):