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.

Consultants put in very long hours at McKinsey. We work an average of 70 hours a week. The dress code is very formal: men wear suit and ties and woman where dresses or suit pants. Casual Fridays aren't really that casual: no jeans or skirts are allowed.

There is a lot of diversity in the company. I have worked with lawyers, PhDs, MBAs, physicists, athletes, orchestra directors, and artists. The hours at the company are long, about 60 hours a week. The dress at the company is very formal and the culture is very formal as well.

The dress code at McKinsey is very conservative. The whole company culture is pretty much very structured. Your advancement within the company is structured, group projects and client interactions are structured, and it gives you the feeling that you're always being evaluated. The company is very good at giving you feedback whenever your request it.

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 :)

The best advice that I can give is to choose your engagement manager wisely (if you're given the option to choose). If you get a good engagement manager, then you will have an extremely rewarding time at McKinsey. If your manager is bad, then he (or she) will work you to the ground and you'll hate your job.

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