Hi Guys, I've gotten an interview with Mckinsey for an associate position in KL and wondering what is the salary range is?

Appreciate if anyone has any insight. A little bit of insight, I've 10yrs + working experience with a post grad degree.

many many many years ago, certain foreign consulting firms like BCG and Mckinsey pay their consultants the same global base pay. It could still be the same practice even now.

If it is the same, associate level in the states essentially is the level for a MBA grad. So at the low side is 10K usd base salary per month.

Wtf? 10k usd per month on the low side! I got mba too with 10 years plus experience. Maaaaaan am i underpaid with current company

the big 3 consulting firms, certain foreign banks like JP or Goldman, certain O&G firms only have such a policy to pay a group of their employee global standard salary.

a associate level consultant is paid north of 120K usd in the States, so if McKinsey continue the practice, it should be that.

Of course, this is an aberration.... us commoners in normal firms don't get that much....

thanks for sharing this info! but i doubt they are practicing global salary now as I've came across different salary report globally. Malaysia is well underpaid compared to US haha

You have went through all stages of interview?

i was from JP and they definitely did not pay us a global salary

Were you in the front office like IB or trading desk?

Middle and back office I don't think will be given the same package

passed digital assessment and preparing for case interviews now...

Better wait until you clear all of them and hear back. From what I heard one of the MBB have an allingment policy of:
1) Associate: local pay scale
2) Manager: regional pay (if SEA, should follow SGD)
3) Partner: global pay (USD)

Associate pay still high though as it should start from RM10k but it's mostly for experienced hires.

I assume you are treating them as jumping platform? None of my known network in MBB joined for money as all feedback no sense of job security as they can feel getting let go at any moment due to the kpi setting.

It's more than anyone makes locally at your level.

You havent gotten in yet so no point drooling / crying over salary. Is your question back to the Partner really going to be "how much pay ah?"

Did you say 10 years experience for an associate level?

frankly the thread is started just for the curiosity to address if there's any room for negotiation with them i.e - market survey.

primary objective is still career growth and yup...mba grads start from associate level.

I have friends currently in or formerly from McKinsey. The salary structure below partner is benchmarked regionally, but they do get an advantage in KL because the salary in Singapore is already high.

Having said that, one of them worked with me in oil and gas and he took a pay cut to join McKinsey at the associate level primarily because of career growth. I think the network and brand recognition does open doors so I would personally take the pay cut and learning experience and suffer for 2 years before moving on. Sadly I never got past the second level interviews though haha

nope. Associate is basically experience hire.

the ranking system is more along this line: Analyst, Associate, Managers/Team Leader, Partner.
It is very similar to IBs from US banks.

And the age range can be wide. I had seen Associates as young as 26 to as old as late 30s/early 40s. Reason: each came in from different career path. Easiest would be a few years of work experience and get an MBA from an Ivy.

anyone has any prospect advise for IT Product Owner/Manager role in McKinsey?

can anyone share what's it like in mckinsey

crazy life. highly competitive, rewarding and intellectually challenged at the same time.

Tons of review from youtube and google

If 3y exp is rm25k for associate. Not sure for 10y maybe higher. Source: couple of juniors in bcg, mckinsey

for real. that's after conversion or salaryh in Malaysia?