The estimated base pay is $81,098 per year. The estimated additional pay is $17,224 per year. Additional pay could include bonus, stock, commission, profit sharing or tips. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.
How much does a Junior Capabilities and Insights Analyst at McKinsey & Company make? The typical McKinsey & Company Junior Capabilities and Insights Analyst salary is ₹9,94,107 per year. Junior Capabilities and Insights Analyst salaries at McKinsey & Company can range from ₹7,00,126 - ₹13,00,000 per year.
You will act as a knowledge consultant in Product Development related projects. In this role, you will combine consulting skills with McKinsey digital solutions and product/industry knowledge to serve clients in product development related projects.
Junior Analyst salary at McKinsey & Company India ranges between ₹ 6.5 Lakhs to ₹ 16.0 Lakhs.
The estimated total pay for a Junior Associate at McKinsey & Company is A$165,111 per year.
Average McKinsey & Company Consultant yearly pay in Australia is approximately $123,235, which is 55% above the national average. Salary information comes from 9 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
A Junior Associate will typically own a functional area. This could be a single work-stream, or a set of implementation requirements. In this role, there is a higher level of ownership compared with a Business Analyst. However, a Junior Associate still has limited oversight/leadership responsibility.
Total Pay Estimate & Range
The estimated total pay for a Junior Partner at McKinsey & Company is $276,388 per year.
Average McKinsey & Company Business Presentation Specialist salary in India is ₹ 5.6 Lakhs for less than 1 year of experience to 9 years. Business Presentation Specialist salary at McKinsey & Company India ranges between ₹ 2.7 Lakhs to ₹ 9.0 Lakhs.
Junior Consultant salaries at Boston Consulting Group can range from $110,000 - $127,404 per year.
In fact, the McKinsey recruitment process is considered one of the most competitive processes in the corporate world with just a ~1% acceptance rate.
On average, a standard number of hours a consultant can expect to work in a week is between 70 and 75, including lunch and travel time. Weekends aren't included in a consultant's working week.
Junior Associate is the level above Business Analyst. It pays more, requires a few more years of experience, and involves more responsibilities.
What You'll Do. You'll work in teams of typically 3 – 5 consultants, playing an active role in all aspects of client engagement. This includes gathering and analyzing information, formulating and testing hypotheses, and developing and communicating recommendations.
Analysts are the entry tier employees at McKinsey, and they receive an average salary of $50,000, as of the time of writing. Their salaries range between $43,000 and $57,000, based on a variety of factors. Associates receive higher salaries, as expected, and have an average salary of $125,477.
Mckinsey Knowledge Center CRM Analyst salary in India ranges between ₹ 3.6 Lakhs to ₹ 8.6 Lakhs.
At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.
If you begin your career at McKinsey, you can expect to be elected to the first stage of a partnership in five to seven years. The greater your professional experience, the sooner you can reach this level. The most senior position at McKinsey, you might be elected director come seven years after you are made partner.
On a very high level, a rough average of all the Partners I met in almost 5 years in McKinsey, they'd work from 9 to 9 (12h) every day, with a potentially shorter day on Friday. However, there is a significant variability here.
That is correct, the traditional track at McKinsey from bottom to top is Analyst>Associate>Engagement Manager>Associate Partner>Partner. Moving from one position to the next normally takes 1 to 3 years. Each one of the previous role develops from Junior to Senior (e.g. from Junior analyst to Senior analyst).
You don't need a business background to succeed at McKinsey. More than one-third of McKinsey consultants don't have business degrees, and about half don't have MBAs.
McKinsey is the largest firm with ~10,000 consultants, followed by BCG with ~7,000 and Bain with ~4,000. Bain is also the smallest firm in terms of revenue. In terms of price, however, the 3 firms often compete at the same price point – around $500K for a 6 person team for a month.
Typically, you will have two rounds of interviews. The number of interviews by round may vary but it is usually between 2 and 4. In total, you will therefore have between 4 and 8 interviews before getting a McKinsey job offer. First and second round interviews are similar in format and difficulty.