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McKinsey, BCG Boost Starting Salaries for New Hires in US

bloomberg.com · Read Story HN original

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Takeaways:

- McKinsey & Co. and Boston Consulting Group increased starting salaries for their new US hires for the first time since 2022.

- Pay for first-year recruits without a master’s degree in business administration will jump to $120,000 starting next year, and those with an MBA will be paid $200,000.

- The increases show the industry’s confidence in its outlook, according to Namaan Mian, chief operating officer of Management Consulted.

(What valuable signal does this provide us?)