McKinsey Salary 2025: clear pay ranges for the US and Europe
Why this guide
If you are researching McKinsey salary, you care about more than base pay. You want the full picture of total compensation, how it changes by level, and what differs between the US and Europe. This guide keeps it tight and practical with typical 2025 ranges candidates see most often. Numbers vary by office and performance; treat them as directional.
How McKinsey compensation works
Salary by level in the United States
| Level | Typical base | Typical bonus | Common one time | Usual total comp |
|---|---|---|---|---|
| Business Analyst | ~$112,000 | up to ~$18,000 | signing up to ~$5,000, relocation up to ~$10,000 | ~$150,000 to $170,000 |
| Associate | ~$192,000 | up to ~$40,000 | signing up to ~$30,000, relocation as needed | ~$230,000 to $270,000 |
| Engagement Manager | ~$220,000 to $240,000 | ~$80,000 to $140,000 | occasional relocation | ~$270,000 to $335,000 |
| Associate Partner / Associate Principal | ~$275,000 to $350,000 | ~$150,000 to $250,000 | — | ~$425,000 to $600,000+ |
| Partner and Senior Partner | base often near ~$275,000 | profit share drives the majority | — | ~$1,000,000+ in strong years |
Notes: Bonus figures reflect target to high performance. Only a small share hits the maximum.
Salary in Europe at a glance
Pay is lower on a currency basis in Europe, and take home varies with cost of living and taxes. Benefits are often stronger.
| Country | BA base | Associate base | EM total comp | Notes |
|---|---|---|---|---|
| United Kingdom | ~£49,500 | ~£90,000 to £97,000 | varies by band | London pays more than most EU capitals |
| Germany | ~€60,000 to €70,000 | ~€95,000 to €110,000 | ~€160,000 to €186,000 | Munich and Berlin vary |
| France | ~€56,000 to €66,000 | ~€85,000 to €100,000 | typically above €150,000 | Paris is the reference point |
| Spain | ~€37,000 to €46,000 total | ~€87,000 to €103,000 total | lower than France or Germany | Madrid data shown |
US vs Europe in one minute
What actually moves your total compensation
Business Analyst salary and progression
Business Analyst salary in the US centers near $112,000 base with a bonus up to about $18,000. Top performers are often sponsored for an MBA. Sponsorship is selective and includes a return obligation. After the MBA or with equivalent experience, most candidates enter at Associate.
Career path and pay step ups
The classic ladder is Business Analyst to Associate to Engagement Manager to Associate Partner to Partner. The largest jumps in total compensation usually happen at the transitions to Associate and to Engagement Manager. From there, upside is driven by performance, client leadership, and for partners the size and health of the portfolio.
People also ask
Bottom line
McKinsey compensation in 2025 is stable at entry levels and remains top tier. The US leads on pay. Europe offers strong roles with different tax and lifestyle tradeoffs. Evaluate the total compensation, not just base, and factor in benefits and after tax income before you decide on an office.
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