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McKinsey Compensation

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agold
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McKinsey Compensation [#permalink] New post   20 Aug 2008, 19:53
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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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89nk
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Re: McKinsey Compensation [#permalink] New post   20 Aug 2008, 20:55
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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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agold
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Re: McKinsey Compensation [#permalink] New post   20 Aug 2008, 21:04
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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Raabend
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 05:03
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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agold
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 07:40
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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sng
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 07:50
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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Raabend
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 07:53
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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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agold
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 07:55
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, 10:17
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My dad is stronger than your dad.
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sm332
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 10:18
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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riverripper
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 10:20
jallenmorris wrote:
My dad is stronger than your dad.


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jallenmorris
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 10:30
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 27886 times ]


Attachment:
McKinsey_2.jpg
McKinsey_2.jpg [ 28.65 KiB | Viewed 27864 times ]


Attachment:
McKinsey_3.jpg
McKinsey_3.jpg [ 36.82 KiB | Viewed 27867 times ]
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agold
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Re: McKinsey Compensation [#permalink] New post   21 Aug 2008, 10:35
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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MBAbot
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Re: McKinsey Compensation [#permalink] New post   15 Mar 2014, 21:15
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.
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Re: McKinsey Compensation [#permalink]
15 Mar 2014, 21:15

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