McKinsey & Company Business Analyst Salary & Career Path
2025 DataUS0-2 years
Total Compensation
$167,000
$140,000 - $195,000
Time to Promotion
2-3 years
to Associate
Work Hours
60-80 hours
60-80% travel
What Does a McKinsey Business Analyst Do?
Entry-level position for undergraduates joining directly from university. Business Analysts form the foundation of case teams, conducting research, building models, and supporting senior consultants.
Key Responsibilities
- Conduct primary and secondary research
- Build financial models and analyses
- Create client presentations and deliverables
- Support hypothesis development and testing
- Synthesize findings into actionable insights
McKinsey Business Analyst Compensation (2025)
All figures are estimates based on publicly available data and may vary by office location, individual performance, and market conditions.
| Component | Low | Mid | High |
|---|---|---|---|
| Base Salary | $100,000 | $112,000 | $125,000 |
| Signing Bonus | $25,000 | $30,000 | $35,000 |
| Performance Bonus | $15,000 | $25,000 | $35,000 |
| Total Compensation | $140,000 | $167,000 | $195,000 |
Career Progression at McKinsey
Business Analyst
Associate
Engagement Manager
Associate Principal
Partner
Senior Partner
Years to Partner
9-13 years
Promotion Rate
70-80% promoted to next level
Work-Life Balance
Hours/Week
60-80 hours
Travel
60-80%
Remote Policy
Hybrid model with client-site expectations
Exit Opportunities
Most exit after 2-4 years as Associate/EM. 20-50% increase common for PE/Corp Strategy.
Private EquityFortune 500 StrategyTech (FAANG)Venture CapitalStartups (Founder/C-Suite)
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Frequently Asked Questions
What is the total compensation for a McKinsey Business Analyst?
McKinsey Business Analysts typically earn $140,000-$195,000 in total compensation (2025). This includes a base salary of $100,000-$125,000, plus performance bonuses of $15,000-$35,000, and a signing bonus of $25,000-$35,000 for new hires. Note that compensation varies by office location and individual performance.
How long does it take to get promoted from Business Analyst at McKinsey?
At McKinsey, Business Analysts typically spend 2-3 years before promotion to Associate. The typical path at McKinsey is: Business Analyst → Associate → Engagement Manager → Associate Principal → Partner → Senior Partner. Approximately 70-80% promoted to next level advance to the next level. Performance reviews occur annually, with promotions typically happening at set cycles.
What are the best exit opportunities from McKinsey Business Analyst?
McKinsey Business Analysts have excellent exit opportunities. Common paths include Private Equity, Fortune 500 Strategy, Tech (FAANG). 20-50% increase common for PE/Corp Strategy. Most exit after 2-4 years as Associate/EM. McKinsey's brand recognition and network make it easier to transition to senior roles in these industries.
How does McKinsey Business Analyst salary compare to other consulting firms?
McKinsey Business Analyst compensation is among the highest in the industry. MBB firms (McKinsey, BCG, Bain) typically pay 10-20% more than Big 4 strategy arms and boutique firms at the same level. However, work-life balance, culture, and exit opportunities may vary. Consider total package beyond just salary.
What qualifications do I need to become a Business Analyst at McKinsey?
McKinsey Business Analyst candidates typically need a bachelor's degree from a top university with strong academic performance (typically 3.5+ GPA), prior internship experience or work experience. Key skills include structured problem-solving, quantitative analysis, and communication. The interview process includes case interviews and behavioral questions.
Related Career Paths
Disclaimer: Salary and compensation data are estimates based on publicly available information including Glassdoor, LinkedIn, and industry reports. Actual compensation may vary significantly based on office location, individual performance, market conditions, and negotiation. This information is provided for informational purposes only and should not be considered as guaranteed compensation.