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McKinsey Compensation

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McKinsey Compensation [#permalink] New post 20 Aug 2008, 18:53
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I saw this on the BW Forums. I have no idea how accurate it is, so take it with a grain of salt.

From: Starmt Total Posts: 124 Posted: Aug-19

To: potojr 5 of 11


76977.5Reply to 76977.4

Actual McK figures:
- Associate (right after MBA): ~US$150k/year (120k base + 30k bonus)
- EM (2-4 years post MBA): $200-250k/year
- AP (Years 4-5): $300-350k/year
- Partner (Years 6, 7, 8, 9, 10): $450, 600, 900, 1.2M, 1.5M/year
- Director (+10 years): $2 - 10M/year, depending on tenure and performance (very few people make $10M, median should be ~$3-4M)
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Re: McKinsey Compensation [#permalink] New post 20 Aug 2008, 19:55
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The associate, EM, and AP figures I have seen before. Not sure if that validates anything though. Not bad, but not something I am really interested in. Terp06 how are you apps going? I been meaning to pm you sometime and get some feedback. Hope everything is going good. I haven't seen an update post on your process lately.
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Re: McKinsey Compensation [#permalink] New post 20 Aug 2008, 20:04
I've been sidetracked the last couple of weeks due to a car wreck (fortunately I'm 100% okay). I plan to put in some serious time towards Wharton and Columbia this weekend.
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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 04:03
I feel ya buddy. I had a car wreck during GMAT studies!

terp06 wrote:
I've been sidetracked the last couple of weeks due to a car wreck (fortunately I'm 100% okay). I plan to put in some serious time towards Wharton and Columbia this weekend.

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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 06:40
raabenb wrote:
I feel ya buddy. I had a car wreck during GMAT studies!

terp06 wrote:
I've been sidetracked the last couple of weeks due to a car wreck (fortunately I'm 100% okay). I plan to put in some serious time towards Wharton and Columbia this weekend.


Ouch, that's even worse. Was everything okay on your end?
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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 06:50
terp06 wrote:
I've been sidetracked the last couple of weeks due to a car wreck (fortunately I'm 100% okay). I plan to put in some serious time towards Wharton and Columbia this weekend.

Good to hear you are ok. Thanks for sharing this.
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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 06:53
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$12K in damage, no injuries, only $500 co-pay......and still hit my 700 in GMAT... so I guess it could have been worse :P

terp06 wrote:
raabenb wrote:
I feel ya buddy. I had a car wreck during GMAT studies!

terp06 wrote:
I've been sidetracked the last couple of weeks due to a car wreck (fortunately I'm 100% okay). I plan to put in some serious time towards Wharton and Columbia this weekend.


Ouch, that's even worse. Was everything okay on your end?

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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 06:55
Mine had over $35K in damage and both cars were totaled. No injuries. Still only a $500 co-pay, still hit a 700+ in the GMAT, and I'm back in action with a new car already :)

Glad to hear you're alright.
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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 09:17
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My dad is stronger than your dad.
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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 09:18
i am really surprised at the numbers for P and Director.

These are much much higher than I thought they would be.

terp06 wrote:
I saw this on the BW Forums. I have no idea how accurate it is, so take it with a grain of salt.

From: Starmt Total Posts: 124 Posted: Aug-19

To: potojr 5 of 11


76977.5Reply to 76977.4

Actual McK figures:
- Associate (right after MBA): ~US$150k/year (120k base + 30k bonus)
- EM (2-4 years post MBA): $200-250k/year
- AP (Years 4-5): $300-350k/year
- Partner (Years 6, 7, 8, 9, 10): $450, 600, 900, 1.2M, 1.5M/year
- Director (+10 years): $2 - 10M/year, depending on tenure and performance (very few people make $10M, median should be ~$3-4M)

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INSEAD Sept 2010 Interview Invite Nov 5, 2009 Admit & Matriculating
Wharton Sept 2010 Interview Invite Oct 30, 2009 Waitlisted & Ding
Harvard Sept 2010 Ding without Interview
Ivey May 2010 Interview Invite Nov 23, 2009 Admit + $$

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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 09:20
jallenmorris wrote:
My dad is stronger than your dad.


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Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.
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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 09:30
I am posting some screen captures of McKinsey information. These are self-reported salaries and bonuses.

Attachment:
McKinsey_1.jpg
McKinsey_1.jpg [ 47.33 KiB | Viewed 19404 times ]


Attachment:
McKinsey_2.jpg
McKinsey_2.jpg [ 28.65 KiB | Viewed 19388 times ]


Attachment:
McKinsey_3.jpg
McKinsey_3.jpg [ 36.82 KiB | Viewed 19379 times ]

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Re: McKinsey Compensation [#permalink] New post 21 Aug 2008, 09:35
sm332 wrote:
i am really surprised at the numbers for P and Director.

These are much much higher than I thought they would be.



Agreed. I always thought that most partners make in the range of $1M with not a lot of variation, not $2-10M. I also wasn't aware of the Director title. I wonder how many Directors there are within an office like Chicago or San Francisco? Or are these more of a global-type of position with no real limits on specific locations?
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Re: McKinsey Compensation [#permalink] New post 15 Mar 2014, 20:15
Hello from the GMAT Club MBAbot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Re: McKinsey Compensation   [#permalink] 15 Mar 2014, 20:15
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