Mckinsey singapore salary reddit. Associates (fresh MBA hire) earn a $125,000 salary + $20,000 signing bonus + performance bonus of up to $40,000 + 12% of bonus/salary contributed to retirement fund. S. iirc, he requested a salary over >3k. Format: Firm Type: (e. Your physical and mental health, relationships etc. Get the Reddit app Scan this QR code to download the app now Edit: I forgot to add that these partners base salary was $250K–$400K. MBB or T2 or Big 4 or if Other please mention name) Market/Office: (e. 44 and 43 for BCG and Bain (numbers for last Aug 16, 2024 · The estimated total pay range for a Associate at McKinsey & Company is $156K–$209K per year, which includes base salary and additional pay. Singapore is a fantastic city to live in. Learn more about the salary as a consultant 2024! MBB Consulting Salary – How Much Money Can You Make at MBB? Get insights from a top consultant! Case Interview: The Ultimate Consulting Guide (2024) Consulting - Oliver Wyman, Bain, Boston, McKinsey, Booz Allen Hamilton, Big 4 Other honourable mentions: Temasek Holdings, BlackRock, NASA, VISA, any “up and coming” in your particular industry and matching your skill set. 276K subscribers in the consulting community. Oct 25, 2021 · Similar data for H1B hires at McKinsey & Co. 97 votes, 53 comments. Source: Have been in 3 management consulting firms and have many friends in other firms 4 days ago · The average McKinsey & Company salary ranges from approximately $34,829 per year (estimate) for a Glass Cleaner to $565,692 per year (estimate) for a Senior Partner. Double digit in P&G is common for good performer. The average additional pay is $19K per year, which could include cash bonus, stock, commission, profit sharing or tips. It's also a cheaper place to live than other tier 1 cities such London or New York. Jan 2, 2024 · McKinsey & Company employees working in Singapore rate their compensation and benefits with 4. So if you perform well and get your increment in 9 months instead of 12, the month you got you increment is your new salary review date. 192/190k for MBB is for the Class of 2023 starting full time in 2023. Thats around 300-400 fresh grad jobs a year total maybe at levels far higher than most tech roles, and far far more than 0. Posted by u/Lazy-Sundae-8756 - 121 votes and 95 comments McKinsey & Company Salaries trends. View Management Consultant salaries across top companies broken down by base pay, stock, and bonus. 1. 6 percent, similarly imports, which expanded by 12. 3/5 stars. In your junior year of an undergraduate degree; with an expected graduation dates between December 2025 – August 2026 Junior year of your undergraduate degree or second year of your non-MBA masters BCG is free healthcare and McKinsey is essentially free. For exceptional people from Singapore and across the world, McKinsey offers unrivalled opportunities for professional and personal growth. I spent 5 years working as an innovation strategy consultant at McKinsey in the Montreal office. I also interviewed many applicants for associate and analyst roles in Canada and elsewhere. Senior Partners are supported by Partners and other teams. Either projected growth of McKinsey is below its peers, or McKinsey is having problems hiring talent – the number of MBA hires is an almost perfect indicator of the expected growth of consulting services for the next 4-6 years. The average additional pay is $23K per year, which could include cash bonus, stock, commission, profit sharing or tips. Posted by u/deaththekid00 - 6 votes and 26 comments Jan 2, 2024 · Management Consulting Firms in Singapore. For the Class of 2022, MBB offer/starting was $175k. while he did get called up for a couple of interviews, none were successful Just the 10-12 banks i mentioned above will probably hire 10-30 grads (IBD, S&T, PB, others) each at 10-15k starting salary before bonus (which can be 30-150% of base at entry level for these jobs. McKinsey & Company employees rate the overall compensation and benefits package 4. Hi here to clarify a couple things really quick. on salaries of $200k throughout August. Similar data for H1B hires at McKinsey & Co. Read employee reviews and ratings on Glassdoor to decide if McKinsey & Company is right for you. If it helps, here is a list of compiled 2023 salaries in certain industries: -FIN SERVICES - Aon (Tech) = 7. During that time I worked on projects around the world on a wide range of innovation-related subjects. Even with a 6k deductible, you still come out far ahead when comparing US consulting salaries to UK consulting salaries. They hire MD's straight out of medical school to become full time management consultants, working on pharm biotech and medical practices. If you're a boss and make it after one year, then $182K (140K x 1. 3 days ago · McKinsey's salary ranges from $45,708 in total compensation per year for a Recruiter at the low-end to $470,842 for a Management Consultant at the high-end. Salaries posted anonymously by McKinsey & Company employees in Singapore. Just got a call from a recruiter (I have an offer on the table). 1 percent growth in the second quarter, building on its 4. The average Consultant base salary at McKinsey & Company is $176K per year. A free inside look at company reviews and salaries posted anonymously by employees. fyi collects anonymous and verified salaries from current and former employees of McKinsey . Was just wondering if anyone has any clarity into whether consulting base salaries will be rising this year/next for incoming MBA consultants, especially with inflation, competition etc. That MB Partner comp (BCG Director comp) is somewhere between 600k in an average/low yield year to 1. Fyi median personal income in Singapore is about $5877. That said. Jun 6, 2024 · The estimated total pay range for a McKinsey Consultant at McKinsey & Company is $101K–$160K per year, which includes base salary and additional pay. And they used to not follow a fix salary cycle. g. 1%. Meanwhile, two McKinsey & Co. Based on 303 salaries posted anonymously by McKinsey & Company Director employees in Singapore. Browse McKinsey & Company salaries in Singapore to find out how much you could get paid. The average McKinsey & Company hourly pay ranges from approximately $19 per hour (estimate) for a Gayboy to $260 per hour (estimate) for a Managing Director . You are working 9am/12pm on Mon-Thursday, 9am-6pm Friday; weekends are usually off days but shit happens. Jun 19, 2024 · How is the work culture at McKinsey & Company in Singapore? Employees in Singapore have rated McKinsey & Company with 3. i had a classmate in the same position as you - graduated earlier this year, 2nd upper honours, some pretty good internships (i. McKinsey is raising base pay for new BAs $10k, from $90k to 100k. Average salary of ~$800,000 - 1,000,000 per year. Average salary of ~$5,000,000 per year. You will work with leading companies, government agencies, and non-profit organisations in Southeast Asia and across the world. McKinsey Consultant Analyst salary in developing countries like China and India is roughly $3,000-$10,000. 6 out of 5 for career opportunities (6. 5k (changed but unknown) It's a middling grad salary for London, and low for how much you work. you know the drill. (for MBB/Tier 2). Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship programmes. Sep 2, 2024 · The average McKinsey & Company salary ranges from approximately $49,536 per year (estimate) for a Communications Coordinator to $419,620 per year (estimate) for a Solution Leader. Side hustles with the wife (also Thai): Sell stuff online (started during Covid, this fluctuates quite a bit more) but last year this business pulled in roughly 2 million extra. Meanwhile, McKinsey Consultant Analyst salary in other developed countries fluctuates around $20,000-40,000. 7% better than the company average rating of all McKinsey & Company employees. 8k (changed but unknown) BAML(IB/S&T) = 15. McKinsey Salary 6 days ago · The estimated total pay range for a Business Analyst at McKinsey & Company is $129K–$180K per year, which includes base salary and additional pay. USD vs CAD is like comparing apple to oranges. . 3). My understanding is apples to apples, a b4 partner makes less than a McKinsey/Bain partner. The average Associate base salary at McKinsey & Company is $160K per year. Roughly, here’s the price points as a fraction of McKinsey’s price: McKinsey - 100% BCG - 91% Accenture - 21% EY - 68% I understand that McKinsey would likely lead to a higher quality result, but is McKinsey really five times better than Accenture, for example? My (Short) McKinsey Recruitment Journey. 8 percent. I’m Thai and my full time job is with a foreign tech company 140k. 6 out of 5 stars based on anonymously submitted employee reviews on Glassdoor. Good quality housing, a clean and pleasant environment (except when the smog comes), amazing food, easy transport, the best airport in the world etc. 8 percent growth in the first quarter. The average McKinsey Consultant base salary at McKinsey & Company is $112K per year. I don’t include BCG here because their Partner title is equivalent to McKinsey Associate Partner. at an embassy). 3 x 1. The average additional pay is $35K per year, which could include cash bonus, stock, commission, profit sharing or tips. Levels. Please feel free to throw my McK rejection story into the Staten Island landfill full of them. Renumeration varies from industry to industry, so depending on which industry you intend to work in your expected starting salary may be different. I assumed that Mck and Bain followed suit - as they are wont to do. However, as someone without an MBA or consulting background going through this process, I really need to vent my major complaint about this process TL;DR - McK did not hire me. 267K subscribers in the consulting community. Posted by u/z4ez - 14 votes and 24 comments Sep 3, 2024 · Trade: Singapore’s total merchandise trade recorded a 10. Analyst - 3500 USD gross, Associate 5500 USD gross. Bain, Kearney, Deloitte, S& is going to be around 200ish a month with a deductible. Working at McKinsey Singapore. If you're great one year, average the next, and then make it, then $209K (140K x 1. The average Business Analyst base salary at McKinsey & Company is $133K per year. 0 out of 5 for work-life-balance (10. Plan your career in the wide world of finance. full partners were hired on salaries of $240k and $250k, six were hired on $275k and just one was hired on $347k. Sep 6, 2024 · The average salary for an Engagement Manager is $212,132 per year (estimate) in United States, which is 25% lower than the average McKinsey & Company salary of $284,302 per year (estimate) for this job. 792 votes, 62 comments. Other Management Consulting firms typically pay less. you are also right in saying that companies are turned off by a high asking salary. reveals that the strategy consulting firm was hiring associate partner-level management consultants across the U. 1 out of 5 for culture and values (5% higher than company-wide rating) and 4. We partner with Singapore’s leading institutions and enterprises across every major sector to accelerate sustainable and inclusive growth. are all equally big wins that I argue are worth significantly more than 10k/mth. 307 salaries for 86 jobs at McKinsey & Company in Singapore. Above guy sounds more like he's in one of the MBB's (McKinsey, BCG, Bain & Co) which pay very high salaries. A sub reddit for Irish and Ireland-based Devs We would like to show you a description here but the site won’t allow us. I've recently been looking into a program by McKinsey, the famous top consulting firm. Depends on when you get it and how you performed previously. 5m in a great year. McKinsey Senior Partner Salary: Senior Partners build and maintain key stakeholder relationships and are involved in setting the direction for the firm. This year, McK was able to hire fewer HBS MBAs than BB. Posted by u/monthlythrowaway4 - 1 vote and 7 comments In 2020, starting base salary for MBB associates in Singapore was SGD 145 (before bonus of 15-20% and excluding standard sign on bonus), and since then BCG has hiked it up (pandemic related reasons). 1M subscribers in the FinancialCareers community. Toronto/BCG Toronto/HCOL) Aug 23, 2024 · The estimated total pay range for a Consultant at McKinsey & Company is $173K–$233K per year, which includes base salary and additional pay. Sep 2, 2024 · McKinsey & Company Salaries trends. Aug 21, 2024 · Average salary for McKinsey & Company Director in Singapore: [salary]. 15). McKinsey Salary We would like to show you a description here but the site won’t allow us. 41 for M vs. Learn more about working in Singapore! Consulting Salary in the United States 2024. This quarter saw merchandise exports growth quicken to 7. News Students & Graduates Graduate careers guide Salary and bonus report Fintech report Ideal Employer Newsletter Subscription Recruiters McKinsey salaries: Business analysts (fresh out of undergrad hire) earn a $75,000 salary + $5,000 signing bonus + $5,000 relocation allowance. This is 6. Related Singapore Singapore (travel) Southeast Asia Travel Asia Place forward back r/teachinginjapan This subreddit is a place to discuss the various aspects related to teaching strategies in Japan. Jan 23, 2024 · A McKinsey associate principal salary sits at around $275-to-$350,000, while McKinsey partner salary prospects start between $375,000 and $450,000 at junior level, going up to $500-to-$700,000 for a senior partner with potential bonuses of over $500,000. Through the McKinsey Innovation Campus, launched in 2012 in partnership with Singapore’s Economic Development Board, we deliver ground-breaking knowledge to help companies in Singapore and across Asia address their toughest challenges. 5% higher than company-wide rating), 4. 7% higher Posted by u/Slight-Dragonfruit-3 - 87 votes and 78 comments 323 votes, 53 comments. Even the partners making $3M 273K subscribers in the consulting community. 20% and above is even possible for non promotion year. Salary data from real offers - updated annually! See 2024 consultant salary data for McKinsey, BCG, Bain, Big 4 firms, and over 90 more! (Singapore: S$72,000 Also just to clarify, mbb is all 190k+ salaries now, with McKinsey being 192k, and Bain and bCG being 190k. It's actually a terrible salary in context. Even then, there is much more to life than financial success. A community for consultants across industries. 38 “Economic survey of Singapore,” August 13, 2024. Don't know about pay at other levels. Seems like there’s quite the discrepancy with banking right now with banking/tech having way higher base salaries than consulting. 307 Salaries (for 86 job titles) • Updated 2 Sep 2024. 2 out of 5 for diversity and inclusion (equal to company-wide rating), 4. Sep 2, 2024 · The average McKinsey & Company hourly pay ranges from approximately $19 per hour (estimate) for a Gayboy to $260 per hour (estimate) for a Managing Director. e. McKinsey Consultant Analyst salary 2023 (Intern-level) McKinsey Consultant Analysts in the US may earn up to $82,000 annually. 124 McKinsey & Company reviews in Singapore. As there's a lot of disparity among salaries within North American Market, let's share Canadian salaries here. 274 salaries for 70 jobs at McKinsey & Company in Singapore. How much do McKinsey & Company employees make? Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. For reference, that's about the same as a grad salary progression at fucking BT in 2018, except if you adjust for inflation a bit grad was earning the equivalent of 42k today by year 2. 6 days ago · The average Management Consultant salary range in Singapore is from SGD 90,123 to SGD 230,419. jbk qynz smjj oyyu oit jtekox rzzls piwydu fosorr lfepk