McKinsey & Company
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=Salary, training and experience?>
I was hired as an Associate at McKinsey in 2006. I received $125,000 in salary and a bonus of 25% at the end of the year.
I was offered the position of Associate Consultant in 2004 and received $105,000 with a signing bonus of $10,000. I get 20 days of paid time off which is standard.
Being the huge brandname that it is, Mckinsey does not go out of its way to create stupendous compensation packages. The compensation is pretty solid in the industry but people aren't compensated more. At least it is not as bad as Google's Compensation package :)
I got paid $115,000 as a Associate Consultant with 20 days of paid vacations. Quite good.
I am an Engagment Manager and am paid $150,000 with a %15 bonus at the end of the year. We get healthcare, company perks, and great company retreats. The training that we receive here is second to none.
I was promoted to an Associate in 2006 where I received a pay increase to $130,000 and an end of year bonus of $25,000.
It seems like Mckinsey doesn't have the highest pay for their employees. However, with their reputation, I guess being competitive is good enough. I know lots of places that pay higher, but less prestigious.
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I was a summer intern at McKinsey and I received about $10,000 a month. The best compensation that I received from the company was the training and the network that I built.
I got compensated $110,000 plus 10% bonus and a $10,000 signing bonus with 20 days of "paid time off". It's pretty good, especially for a McKinsey Associate Consultant
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