Just made it, expecting to get an offer soon. Any idea on the salaries would be greatly appreciated. Yes I’ve checked Glassdoor. Yes I’m expected smart ass comments.
Not enough for the grief you’ll put up with. Expect low 200s in base. 50k bonus
Hmm.. that’s not too bad. Is there an annual component? Performance bonus etc
Digital Mckinsy? BTO? Vanilla M?
But you work for Cisco now? Which grade and BU?
13
McKinsey doesn't usually hire EMs from the outside, so it's a little hard to say. Are you coming in as a "new EM" or a senior EM? I'd say salary of between $160k - $220k, with another $60k-$100k coming in end of year ProdPay (McK term). You should make sure you're eligible for ProdPay your first year. MBA hires aren't, but they also tend to start in the summer and fall. If you give me more info about what you're being hired for (you must have a speciality or they wouldn't hire you straight to EM) and what your current job is, I can probably narrow the estimate.
Also, you should expect annual comp increases of about 20-30% per year. But it's only worth it if you actually like the work
Do it only for resume value. GWING is right on the money for comp range. It is soul sucking work and not everyone is cut out for it. Ditch your moral compass at the door every Monday morning and try to get it back on Thursday night when you go back to your family. Good luck at the firm!
Location?
San Francisco
Location (within the US) is irrelevant for McKinsey comp