What’s the typical signing bonus for lateral hire partners at BCG/Bain/McKinsey? McKinsey & Company Boston Consulting Group Bain & Company
2
Hi All - I desperately need help with something. I was an ex management consultant and recently lost my job. I have been getting decent number of calls but am having a lot of trouble converting them past the 2nd or 3rd round. My struggle is with structured communication, thinking on the spot, being to structure my response whilst thinking (I have ADHD - not severe though). Continued in comments
How do you pick projects/decide what practices to focus on? I'm starting soon as a Consultant and I'm trying to figure out what to do. People have suggested finding a lane/niche early and staying there, is this the play? Not sure I want to stay at the firm long, but (a) I'd like to stay long enough that I don't have to be unemployed in a few years and (b) I'm concerned about not being able to get staffed. (C) how early should you start worrying about exits?
What are the most common M/SM failure modes post-MBB? Curious as to your thoughts - for smart people with good education, but still relatively new in career and domain expertise, what have you seen as the most common failure modes post-MBB? I'm looking for my next thing, and while I can clearly see the benefits of me (Bain M/SM) over an A or an SA as an IC, I'm having a hard time seeing myself leading a team without the leadership support at MBB (APs, Ps etc.).
Might be very few data points on this one OP. My guess is that as always it varies and may be negotiable, depending on what you’re bringing to the table. I’d say an appropriate range could be anywhere from 30-50k at that level, potentially more. For reference, UGs and MBAs entering MBB may receive anywhere from 5-35k, including lateral hires.
lol may god prevent you from doing estimation work… if MBA gets 35k then partner should get a bonus at least in the 150k-200k range. That said, they’re a lot more unique and valuable as revenue generators, so I’d expect much higher guarantees. They might not even get traditional singing checks, but guaranteed year-end bonuses!
Partners can make up to a 60% bonus based off of performance and new business.
Definitely more than this - I came in as an associate and got a 20k signing bonus
Usually depends if you were from a target school / MBA program. Did you come in as a lateral?
Lateral hire here who came in as a PL. Signing bonus offered was 30K, I negotiated to 40K but it was a pain and BCG took a while to confirm because they had to get some approvals. But frankly, I regret joining BCG.