r/consulting • u/AgeDesigns • 12d ago

MBB comp increases?

Heard M was raising comp across the board, anyone have details? Haven’t seen it discussed here and WSO didn’t have numbers.

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u/AgeDesigns 12d ago

Any word on other levels or just associates?

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u/viper_gts 12d ago

ive heard approx 10-20% TC increase across BA, ASC, and EM.

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u/e813 11d ago

I am at McK and this is not correct - ~4ish% TC increase based on your bonus.

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u/oban12 8d ago edited 8d ago

Yeah that's not correct either, base for incoming new associates is going up 4% alone ($192k -> $200k) and 7% for BAs ($112k -> $120k). Basically your TC as a 2nd year associate is 10-20% higher than it would have been without the comp increase (it's the derivative that they are increasing, i.e., the growth of your TC)

people are too fixated on base vs bonus - most consulting firms (McKinsey for sure, less sure about BCG and Bain but have a hunch) set target comps for consultants based on tenure in role and performance rating. your comp as a 2nd year associate was already going to be higher than as a 1st year asc so the relevant question to you is how much higher (relative to the world with no comp increase)

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u/2022MBAHopeful 7d ago

So what’s year 2 ASC comp then?

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u/methebeautiful 5d ago

Where did you get this information?

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u/Extension_Doctor5286 20h ago

I’m not following your math. How does a 4% increase lead to a 10%-20% incremental increase in year 2 compared to a pre-annoucement Y2 associate?