Every consulting company has its own profile, so you should know if your profile and skills are right for the company you are looking for. The salaries and bonuses of McKinsey consultants tend to grow by 10 to 20% every year, according to Management Consultant. The COVID-19 pandemic caused a major wage freeze in the consulting industry, as participants reduced costs, ending the generous wage increases of previous years. Glassdoor places McKinsey among the 25 best companies to work for, a good indicator of its attractiveness for MBAs, and McKinsey offers a variety of jobs for MBA graduates.
McKinsey recruits people from many of the top U.S. business schools. Department of State, such as Columbia Business School and Chicago Booth, as well as European business schools, such as INSEAD and London Business School. Business school students turned McKinsey consultants interviewed by BusinessBecause say that learning doesn't stop once you get a job at McKinsey.
They are outside McKinsey's “basic consulting line” and reflect the evolving nature of the company and the wider range of consulting activities it currently engages in. As for MBA and PhD hires, the salaries and bonuses of MBB firms remained unchanged, and Bain and BCG surpassed McKinsey in terms of total compensation for the second consecutive year. McKinsey is a renowned brand that offers you unparalleled opportunities for the rest of your career. A big differentiator are the returning MBA interns, for whom McKinsey will pay 50% of the MBA tuition fees.
It's natural that McKinsey's annual salary and benefits are at the top of your mind when considering a career at McKinsey. We asked Brian Rolfes, global hiring partner at McKinsey & Company, what McKinsey is looking for in hiring potential consultants. McKinsey & Company is one of the most popular career destinations for aspiring consultants and is among the top employers of MBA graduates worldwide. If you're thinking about a position at McKinsey, be sure to do your research and think about your personal aptitude.