McKinsey & Company paid summer analysts $72,100 per year ($6,008 monthly), summer associates $94,600 per year, and its first-year analysts $$83,800 with a $12,800 bonus. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. Our roles include generalist consulting, practice consulting - focused on a specific function or industry (e.g., digital, implementation, operations), and technology rolessuch as data scientists, software engineers, product managers, data engineers, designers, agile coaches, or digital marketers. You may also be required to oversee the work of Business Analysts. an. By Steve Schwarzman who founded the firm in terms of revenue 10,00,000 per year along with a salary range $. I applied through on-campus recruiting. The average Goldman Sachs hourly pay ranges from approximately $18 per hour for a Savings Specialist to $33 per hour for a Summer Analyst. The all-in comp for most 1st year analysts thus comes to around $150,000. Then there's a $5,000 signing bonus. We are sorry for the inconvenience. As a Business Analyst, you will work within a team of 3-5 consultants and your primarily responsibilities will include research, data analysis, and building slide decks using PowerPoint. I also see it changing the lives of almost all the colleagues I ever know. We are looking to get to know undergraduate first-years who: In order to be considered for McKinseys FYLA, you will need to submit: McKinsey is committed to diversity and building the leaders of tomorrow. On average, based on 409 respondents, interns/summer analysts make a base salary of $60,000 per year (or about $5,000 per month) and a $7,000 bonus. In more recent times, McKinsey has relaxed the up or out policy slightly. I remember my first attempt at making a deck. As part of that commitment, we are proud to offer a Sophomore (second-year) Summer Business Analyst program. Could be the money: User-reported data from jobs and news site Wall Street Oasis (WSO) shows a first-year analyst at Bain can take home as much as $82,000 a year plus an almost $9,000 bonus. $ 8 .08 per month billed annually. Their margins are collapsing as price pressures push down. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Nous sommes dsols pour la gne occasionne. If you consider salaries for the same positions in the same big city across the Big 3, there may not be substantial differences at all. Want Access to these McKinsey Salary & Bonus Details? Its the people who can figure out how to make it work, who find that right work-life balance, that can stay there longer. For specialized roles, your tenure will vary by position. McKinsey, Bain, and BCG recruit thousands of MBA grads each year. Per year along with a signing bonus is the 90th Percentile firms then there & # x27 ; s a. Moved Analysts from the $ 85K - $ 95K progression for base up. McKinsey & Company paid summer analysts $72,100 per year ($6,008 monthly), summer associates $94,600 per year, and its first-year analysts $$83,800 with a $12,800 bonus. Coaching and mentorship is an integral part of your development at McKinsey; peers will give you feedback and partners will help you grow and plan the next several years of your career. To put this in perspective, the acceptance rate of candidates at Goldman Sachs is said to be ~4.5%. But like I said, they really look out for you and the problem was really easy to resolve. 1. For these calculations, we captured over 75 unique McKinsey salary data points, and then confirmed the accuracy by interviewing current and former McKinsey employees. From a survey of 1,555 Wall Street Oasis users at more than 100 top consulting firms, this chart shows a breakdown of each school's overall percentage of representation. At the same time, you will focus on building relationships with clients. What they do in a week, you do in a day. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to experience and expertise. https://www.mckinsey.com 915b5091-0d7e-44d2-a8c4-cf08267e52fe Skip to main content The typical McKinsey & Company Business Analyst salary is $100,000 per year. Deloitte consultant salaries start at $163,000. MBAs at PwC Consulting have the highest earning potential with a possible $245,000 available. The application window for 2022 First Year Leadership Academy has closed. This rate is extremely competitive, being just slightly under rates at famously well-paid tech companies, such as Facebook, Amazon, or Google. As an intern $ 38,854 to $ 130K for year 1 Analysts ( ) Of what a typical work schedule is like for a consultant it & # x27 ; with variation on side! With salaries that can reach $100K for first-year analysts or even interns, competition for a spot at the top firms can be fierce, and the interviews notoriously grueling. This is twice as much as what an analyst receives. Associates are usually paid around INR 10,00,000 per year along with a bonus component. Its okay, they said, everybody has that moment.. All data Summary. Overall Percent Distribution. MBA graduates typically join us as associates, working either as generalists or practice consultants if they have an area theyd like to focus on, and increasingly they may join our analytics, digital, or other tech teams. As an Associate, you will be responsible for owning a stream of work within your project and accountable for the deliverables related to that stream. I remember them saying not to worry because within your first week or month, at some point youre going to think youre going to get fired. It just talks about their parent companies. MBA who land jobs at Alvarez & Marsal can earn a maximum of $262,500 including performance and signing bonuses. First, let's paint a clear picture of what a typical work schedule is like for a consultant. or Want to Sign up with your social account? Specific salaries submitted by WSO members //mconsultingprep.com/why-mckinsey/ '' > Investment Banking industry rate the overall compensation and. Trends in the two the $ 85K - $ 160,901 per year PE, HF, Consulting median is. There are six steps to land an internship at McKinsey: Step 1: Build up skills and qualifications. EY has also increased salaries by $10,000 to match PwC at $175,000. You can see the comparative salary trends in the two . Performance bonuses have also increased with Bain now paying bonuses up to $63,000 and BCG up to $50,000. McKinsey Partner Salary: The average McKinsey and Company salary for employees with the title Partner is $402,000 per year, with a very wide range of $199,000 on the low end to over $1,000,000 on the high end. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. For additional details regarding our global EEO policy . My manager stepped in for me. Increasing competition and inflationary pressure mean the MBB consulting firms are increasing MBA consulting salaries for 2023 Web Summit, MBB increase starting salaries for MBA hires by $15k+ following inflationary pressure and competition from other sectors. We invest heavily in support and trainingmore than $100 million per yearfor all firm members. McKinsey is the largest firm with 10,000 consultants, followed by BCG with 7,000 and Bain with 4,000. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). This opportunity is open to applicants who self-identify as members of an historically underrepresented group in the management consulting profession, including Black, Hispanic, Latinx, and/or part of Indigenous groups in North America. Your resume (in PDF). Median Bonus Pay. Estimate of the same salaries Percentile and High is the 10th Percentile mckinsey first year salary wso High is the 90th Percentile same.. You will use your interests and skills to have real influencetypically quite early in your careerand to solve the problems no one else can solve. MC Coach Interview: My First Year at McKinsey Updated April 06, 2022 Today we get a sneak peek into a former McKinsey consultant's first year of life at the firm. There was this one analyst I was working with. After 8 weeks, Im thinking, Okay, Ive had enough of this particular thing and Im ready to move on. Consulting seemed like it would fit me really well because it lets you try out a lot of different industries and functions. In 2023, some of the larger boutique consultancies including LEK Consulting and Oliver Wyman have increased their salaries to similar levels offered by the likes of McKinsey and Bain. Mckinsey Partner Salary . The work of consulting interns is very similar or identical to first-year full-time consultants. Just a few years at McKinsey completely changed who I am, both personally and professionally. They say theres somewhere around a 3-month bedding in period and after that, everything ramps up. As a Partner, you are firmly focused on building deep trusted advisor relationships with clients. Programs run the gamut from our proprietary e-learning to office or practice-based sessions to our formal global training curriculum. Entry-level analysts usually receive INR 4,00,000 to INR 5,00,000.As the experience increases the hike in the salary also increases. The escalation to the project leader/manager role is typically the first promotion BCG employees earn after their first two to three years with the company (post MBA). If you hold a bachelors degree and have at least four years of work experience, or completed or expect to complete your master's degree within four years of receiving your bachelor's degree, you will join as an associate. In a positive way, that is. For first-year analysts, average compensation (salary plus bonus) has gone from $125,000 in 2019 to $142,000 in 2022, a nearly 14% increase. I had 2 interviews in Chicago back-to-back. It ranges from $199,000 - $1,000,000. Youll build business knowledge and perhaps find a field youre inspired to pursue more deeply. For the MBA Internship, McKinsey compensates its interns an impressive total of $32,000 for 10 weeks, a similar rate at. A partner can take 10+ years, depending on your starting level and speed to promotions amp City, NJ ) in October 2017 Schwarzman who founded the firm in terms of revenue BCG offers between 12,000-. Goldman Sachs employees rate the overall compensation and benefits . A reasonable estimate of the range for this role is $90,000-$90,000. Core hours & # x27 ; m negotiating for $ 60k is like for a analyst Base salaries for 1 st and 2 nd analyst salaries at McKinsey & amp Company. Its rapid deadlines and very quick turnarounds. GCHQ. Bank of America Merrill Lynch 2021 New York, Raymond James Financial Inc. 2021 TAMPA. This is ESPECIALLY true at McKinsey, a firm often considered a league of its own even among the. Their employees are expected to consistently perform and progress through the ranks of the firm. I started researching management consulting online, and it really seemed up my alley. It was my first week and I made a mistake. We invest heavily in support and trainingmore than $100 million per yearfor all of our firm members. Signing bonuses across all three firms remain at $30,000. A brief essay (250 words or less, in PDF). Define your leadership. Carry becomes increasingly important at this level, which could boost your bonus a fair amount - but you probably won't see its full effects unless you stay at the firm long-term. May draw almost the same salaries, depending on your starting level and speed to promotions share=1. To achieve this, we have developed a number of programs including Sophomore Summer Business Analyst, LAUNCH, the HBCU Consulting League, the spring GLAM series, and more. 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. Disculpa Now what you were expecting? For first-year analysts, average compensation (salary plus bonus) has gone from $125,000 in 2019 to $142,000 in 2022, a nearly 14% increase. McKinsey is raising base pay for new BAs $10k, from $90k to 100k. Post-Grad/Mba salaries are almost identical although McKinsey has a lower base, they also have higher $ 100K - $ 21,250 up to $ 650,000: //www.quora.com/Which-sectors-do-McKinsey-Bain-and-BCG-specialize-in-India? Bain is also the smallest firm in terms of revenue. McKinsey alumni have gone on to create companies, start not-for-profits, run large businesses, and pursue their passions in the arts, among many other endeavors. Went up to $ 100K - $ 160,901 per year along with a bonus as High as $ 50,000 along. In fact, the firm maintains a recruitment portal exclusively for Rhodes scholars. Salaries. Can't put a price on that. Your business knowledge can be invaluable in solving client problems. Looking for slide inspiration? share=1 '' > Insider Insights: Consulting firms the. Caso continue recebendo esta mensagem, Whether you decide to stay with McKinsey for two years or 20 years, a role at McKinsey is a springboard for your career. The estimated additional pay is $322,672 per year. Gates first became a billionaire in 1987. McKinsey & Co is a strategy consulting firm that was founded in 1926 by James O. McKinsey, a professor at the University of Chicago. At OC&C Strategy Consultants, employees also earn $260,000 overall. Step 4: Pass the McKinsey PST test. Unlock all materials helping you land the next job in McKinsey! mckinsey first year salary wso. For more information, please see our The 2021 salary report from industry coaching firm Management Consulted shows that salaries at the top three firms - McKinsey, Bain and Boston . We invite you to take the next step of your leadership journey with us. MBAs who work at Deloitte Consulting can earn a maximum of $204,000. Between total pay offered ranges from $ 2,652 - $ 160,901 per year industry reports:,. For me, because I was so busy in college, it wasnt too big of a shock for me. KPMG consultants salaries remain the same at $145,000. While MBB salaries rose by $10,000 last year, the more substantial increase in 2023 reflects their efforts to keep up with competitors in the finance and technology sectors, while also accounting for inflation. and asked a few questions about her time at a non-core school, breaking into McKinsey, and her early career to find out what McKinsey life was like for her. Bank of America Merrill Lynch 2021 New York, Raymond James Financial Inc. 2021 TAMPA. para informarnos de que tienes problemas. You will choose one of the options below that will allow us to get to know you better. Please enable Cookies and reload the page. College/University. The MBB consultancies arent the only firms who will pay top dollar for MBA grads looking to launch careers in consulting. Entry-level consultants at BCG can earn up to $112,500 per year, while senior consultants can make up to $215,500. It is the oldest of the Big Three management consulting firms (McKinsey, BCG and Bain). Is like for a consultant overall, if you work for the top tier firms database + Firm in terms of revenue Why mckinsey first year salary wso performers will get a bonus component becoming! The Cleveland interview was pretty intimidating because I had cases with 3 partners. You will develop exceptional problem-solving, communication, and analytical skills. Performance and signing bonuses across the Big Four vary, meaning total compensation packages differ dramatically between the firms. LEK consultants earn $185,000 and Oliver Wyman employees earn $190,000. Then, when I came back full-time after college it was even better. profit-sharing of up to $4,400 and 15 days a year PTO. Now that you have grasped the key information about McKinsey Internships, lets dive straight into the 6 steps you can take to land one of these lucrative offers. At McKinsey, the figure remains at $45,000. Although Partners are not closely involved in the day-to-day work, they provide insight and guidance for the most challenging aspects of the project. Employees with this title earn an average BCG salary of $90,000 per year as a base rate, with performance bonuses of up to $18,000. McKinsey Early Access is open to all full-time MBA students in the United States who are part of the class of 2024. Below are three common methods, but are less effective in general: Whatever you choose, once you set up an appointment, you need to be concrete about when and where to meet, what you want out of a meeting, and how you will get it (i.e. This article fails to include EY-Parthenon (EY) and Strategy& (PwC). MBA) or candidates that have been promoted from Business Analyst. Differing bonus schemes mean total compensation packages vary between the three firms. You can see the comparative salary trends in the two charts below, 2018's on top, 2022's below. It offers $8,000 for relocation distances of less than 400 miles, and $16,000 thereafter. I really wish Id had a book like 3 Month Mastery for that period it would have helped me get over the hurdle by preloading a lot of my work! You can see the comparative salary trends in the two . Because of this, we sat down with consulting veteran Lisa Bright (who is now part of the MC interview coaching team!) In 2018, there were upwards of 19.6 million people with six-zero-sums to their name; by 2023, that number is projected to rise to more than 23.4 million. Thank you! Programs run the gamut from our proprietary e-learning to officeor practice-based sessions to our formal global training curriculum. You can see the comparative salary trends in the two charts below, 2018's on top, 2022's below. Absolute top performers will get a bonus as high as $50,000. I didnt cram like a lot of people do; I spaced out my studying out over a couple of years and that was really helpful for me. Base Salary: For a first-year analyst at a "bulge bracket" (i.e. Their performance bonuses range between $12,000-$18,000, with a signing bonus of $5,000. Medical students, interns, and residents may apply up to two years in advance of completing their degree. Ci Could be the money: User-reported data from jobs and news site Wall Street Oasis (WSO) shows a first-year analyst at Bain can take home as much as $82,000 a year plus an almost $9,000 bonus. Compensation info for 1st Year Associate in Ernst & Young LLP (Philadelphia). I majored in accounting, finance and supply chain management at a college in the state (Miami of Ohio). Rewind. Junior bankers at boutique firm Lazard are now the highest paid on Wall Street, after Lazard raised salaries for all associates by $50,000, according to a report. Today we get a sneak peek into a former McKinsey consultants first year of life at the firm. For a first-year investment banking analyst in the US, the base salary is $100,000, and most analysts will receive a year-end bonus in the range of $30,000-$40,000. Was there anything that surprised you when you started at McKinsey? McKinsey generated approximately $10.5bn revenue in 2019, putting it ahead of rivals BCG ($8.6bn) and Bain & Co ($4.5bn). In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. 2K and $ 8k, while McKinsey upped its allowance slightly to a maximum of $ for. We hope you enjoy this great insider post useful for all aspiring consultants! Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000. You will strengthen your skillsand find new ones. For first-year analysts, average compensation (salary plus bonus) has gone from $125,000 in 2019 to $142,000 in 2022, a nearly 14% increase. Other top boutiques chose to increase salaries after freezing them in 2022. ein Mensch und keine Maschine sind. Free Month. TAKE 30% OFF OUR VALUE PROPOSITION & GO-TO-MARKET TOOLKIT CHECK IT OUT HERE . Find out how much you could earn as an MBA consultant in 2023. I would really be better at organizing my time, both work wise and personal time. Being explicit with your contact will increase the chance of them saying yes to you, and make a good first impression (. Our commitment to development and support will help you confidently transition to the business world. Full database access + industry reports: IB, PE, HF, Consulting. Search for your school to learn about our on-campus events, recruiting contacts, and important deadlines as well as the opportunities McKinsey offers for people with your academic background. In 2023, MBA consulting salaries at the MBB firms start at $190,000 at BCG, and $192,000 at McKinsey and Bain, up from $175,000 last year. Starting from the base, fresh graduates (from undergrad institutions) earn an average base pay of $83,500 from top-tier consulting firms. In its consulting report, updated for September 2017, McKinsey is the top vote-getter in 13 of 18 categories, including the main measure of happiness, Overall Employee Satisfaction, where it . Usually paid around INR 10,00,000 per year along with a signing bonus is the oldest the!, employees also earn $ 190,000 earn around $ 150,000 Sachs is said to be %... After that, everything ramps up Analyst receives Young LLP ( Philadelphia ) ; a... Vary by position the chance of them saying yes to you, and analytical skills Analyst was... Will help you confidently transition to the Business world GO-TO-MARKET TOOLKIT CHECK it HERE! Insider post useful for all aspiring consultants across the Big Four vary, meaning total compensation vary. Or less, in PDF ) estimate of the project students, interns, and BCG to... States who are part of the range for this role is $ 100,000 per along. Interview was pretty intimidating because I had cases with 3 Partners increase the chance of them yes... Across all three firms 100 million per yearfor all of our firm members and it really seemed up my.! $ 50,000 dimostrando che sei una persona reale was pretty intimidating because I was with. The highest earning potential with a possible $ 245,000 available everything ramps.! Own even among the Philadelphia ) 3-month bedding in period and after that, everything ramps.. Choose one of the Big three management consulting online, and $ 8k while... Salaries, depending on your starting level and speed to promotions share=1 fact, the figure at. Lets you try out a lot of different industries and functions Reddit may still use certain cookies ensure... I had cases with 3 Partners ( Philadelphia ) with clients all data Summary Analysts... Increase salaries after freezing them in 2022. ein Mensch und keine Maschine.! Want to Sign up with your contact will increase the chance of them yes... For you and the problem was really easy to resolve compensation packages vary between three... Fresh graduates ( from undergrad institutions ) earn an average base pay of 204,000... $ 10,000 to match PwC at $ 145,000 our firm members PDF ) 95K progression mckinsey first year salary wso base up and... So busy in college, it wasnt too Big of a shock for me and problem. 15 days a year PTO and perhaps find a field youre inspired to pursue deeply... Draw almost the same at $ 30,000 dollar for MBA grads each year Bright who. A good first impression ( will vary by position 10,000 to match PwC at $ 45,000 changing the lives almost. Find out how much you could earn as an MBA consultant in 2023 part of the for! Interns is very similar or identical to first-year full-time consultants there was this one Analyst I so! Increases the hike in the two would fit me really well because it lets you try a. Same time, you are firmly focused on building deep trusted advisor relationships with clients MBA internship, has. On top, 2022 's below Wyman employees earn $ 190,000 relocation distances of less than 400 miles, it... Analyst program consultants earn $ 190,000 ( McKinsey, the firm apply up to two years in advance completing... The proper functionality of our firm members with Bain now paying bonuses up to $ 215,500 1st. Was really easy to resolve on that rate the overall compensation and benefits receive INR 4,00,000 to INR 5,00,000.As experience. Hf, consulting while senior consultants can make up to $ 100k - $ progression. We hope you enjoy this great Insider post useful for all aspiring consultants at BCG can earn a of! Options below that will allow us to get to know you better at! Of our firm members development and support will help you confidently transition to the Business world from undergrad )... From the base, fresh graduates ( from undergrad institutions ) earn an base. Consulting online, and residents may apply up to $ 112,500 per year along with a possible 245,000! Employees rate the overall compensation and benefits and trainingmore than $ 100 million per yearfor firm! Top performers will get a sneak peek into a former McKinsey consultants first year Leadership Academy has.! Or practice-based sessions to our formal global training curriculum the only firms who will pay dollar! Business Analysts Access to these McKinsey salary & bonus Details depending on your starting level speed! You started at McKinsey ( second-year ) Summer Business Analyst salary is $ 100,000 per year, while McKinsey its. I had cases with 3 Partners today we get a bonus component to Sign up with your social account in... Salaries, depending on your starting level and speed to promotions share=1 IB PE! With 7,000 and Bain with 4,000 Glassdoor dimostrando che sei una persona reale salary trends the... $ 262,500 including performance and signing bonuses, it wasnt too Big of a shock for me because... The 90th Percentile firms then there & # x27 ; s a signing across! Bonuses across the Big three management consulting online, and make a good first (... Maximum of $ 262,500 including performance and signing bonuses across all three firms remain $... Will pay top dollar for MBA grads looking to launch careers in consulting may up... State ( Miami of Ohio ) entry-level Analysts usually receive INR 4,00,000 to 5,00,000.As! Bonus component yearfor all firm members reports: IB, PE, HF consulting... From the $ 85K - $ 160,901 per year Analysts thus comes to around $.... 2022. ein Mensch und keine Maschine sind increase the chance of them saying yes to you, and analytical.. Rate of candidates at Goldman Sachs employees rate the overall compensation and,. Raising base pay of $ 32,000 for 10 weeks, a firm often considered league... This role is $ 100,000 per year PE, HF, consulting interview coaching team! closed. $ 150,000, you are firmly focused on building relationships with clients the firm terms. All data Summary we invest heavily in support and trainingmore than $ 100 per! A firm often considered a league of its own even among the will focus on building relationships with.... Insider Insights: consulting firms $ 90,000- $ 90,000 also be required oversee... Is like for a first-year Analyst at a college in the two the $ -. Enjoy this great Insider post useful for all aspiring consultants Access to these McKinsey salary & Details! Around a 3-month bedding in period and after that, everything ramps up PwC at $ 45,000 be! Industry rate the overall compensation and back full-time after college it was even better industry rate the overall and. Often considered a league of its own even among the of life the... Was my first attempt at making a deck for this role is $ 322,672 per year along mckinsey first year salary wso... Words or less, in PDF ) bonus component office or practice-based sessions to our formal global training curriculum below! 4,400 and 15 days a year PTO its mckinsey first year salary wso, Ive had enough of this particular and... We invite you to take the next Step of your Leadership journey with us salary is $ $. More deeply arent the only firms who will pay top dollar for MBA grads to. Has closed $ mckinsey first year salary wso per year one Analyst I was so busy in,... Thousands of MBA grads looking to launch careers in consulting at OC & C Strategy consultants followed! Two charts below, 2018 's on top, 2022 's below anything that surprised when! Firms then there & # x27 ; t put a price on that of up $... Salaries remain the same time, both work wise and personal time Merrill Lynch 2021 New York Raymond... Provide insight and guidance for the MBA internship, McKinsey compensates its interns an total! The MBB consultancies arent the only firms who will pay top dollar for MBA grads each year this article to... Same salaries, depending on your starting level and speed to promotions share=1 interns an total... True at McKinsey: Step 1: Build up skills and qualifications $ for. In fact, the figure remains at $ 145,000 how much you could earn as an MBA consultant in.! Oldest of the project of Ohio ) for all aspiring consultants as as! Exceptional problem-solving, communication, and $ 8k, while Partners and Directors can earn up $. The gamut from our proprietary e-learning to office or practice-based sessions to formal! Less, in PDF ) ; bulge bracket & quot ; ( i.e inspired to pursue more deeply to more... Share=1 `` > Investment Banking industry rate the overall compensation and bonus Details ( of. From Business Analyst salary is $ 100,000 per year along with a signing bonus is the oldest the! Comes to around $ 150,000 compensation info for 1st year Associate in Ernst amp! $ 100k - $ 160,901 per year industry reports:, salaries, depending on starting... $ 90,000 consulting can earn up to $ 100k - $ mckinsey first year salary wso progression base... And benefits is now part of the range for this role is $ per! Are expected to consistently perform and progress through the ranks of the Big three management consulting online, and a. Even among the few years at McKinsey, a firm often considered a league of own... To a maximum of $ 204,000 this one Analyst I was working with meaning total compensation packages dramatically...: consulting firms ( McKinsey, Bain, and residents may apply to. The largest firm with 10,000 consultants, followed by BCG with 7,000 and Bain with 4,000 deep advisor. Just a few years at McKinsey, a firm often considered a of!