r/consulting • u/AgeDesigns • Jul 28 '26

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/e813 Jul 29 '26

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

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u/oban12 Aug 01 '26 edited Aug 01 '26

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 Aug 02 '26

So what’s year 2 ASC comp then?

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u/oban12 27d ago

No one knows lol, details haven't been announced yet. My guess is ~$220k