How much does a Senior Partner at McKinsey, Booz, Deloitte, etc make?

[Anonymous]

What is the buy in amount to become a partner?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:At Mck, I’d guess single digit millions for a senior partner. But they are very secretive about this so that’s just an estimate.

$10m Really?

🤦‍♂️

I laughed so hard I farted

[Anonymous]

Anonymous wrote:Still trying to figure out what in the world companies like McKinsey even provide that is of any value, let alone what any consultant in the world is worth over a $1M salary.

Sorry, a consultant is far below someone like a surgeon in value.

Let's be honest. Consulting is just a gig the elitists from the ivies use to enrich themselves at the expense of society while doing a whole bunch of crap to ruin the country and lay people off. It's just a checkbox to fill out on your resume after college to get into the special club of elitists.

This is… a take. There’s lots of undesirable things about consulting and consultants, but it seems hard to understand why the world would be complicit in a scheme as simplistic as the one you describe. Some consultants help people implement complex software. Some help people figure out if it’s worth it to open a new market. Some help you sort out how many distribution warehouses you need to expand. Or how many you need now that you’ve shrunk. If you’re a global company, you can’t afford to screw these things up. That makes the service worth something.

If you’re upset that firms have organized themselves to do this at some kind of scale and therefore can pay people more than you think is fair, I get it. But if similar criticism could be directed at every kind of professional services firm, from law firms and accounting giants to PR firms and software implementers, then the issue may be you not understanding the value more than seeing more clearly than everyone else.

[Anonymous]

Anonymous wrote:What is the buy in amount to become a partner?

Differs wildly by firm, even among the top players. Some are huge amounts of money (like buying a house), others are nominal.

[Anonymous]

I’m at another large company OP didn’t name - but aren’t McKinsey in a different category than Booz and Deloitte.

[Anonymous]

Anonymous wrote:I’m at another large company OP didn’t name - but aren’t McKinsey in a different category than Booz and Deloitte.

Yes, they are. If you’re not familiar with the space, though, I bet it all blends together. The McKinsey-specific hate seems to come from one poster who has asked similar questions in a few threads.

[Anonymous]

Anonymous wrote:Still trying to figure out what in the world companies like McKinsey even provide that is of any value, let alone what any consultant in the world is worth over a $1M salary.

Sorry, a consultant is far below someone like a surgeon in value.

Let's be honest. Consulting is just a gig the elitists from the ivies use to enrich themselves at the expense of society while doing a whole bunch of crap to ruin the country and lay people off. It's just a checkbox to fill out on your resume after college to get into the special club of elitists.

Well--well look. I already told you: I deal with the god damn customers so the engineers don't have to. I have people skills; I am good at dealing with people. Can't you understand that? What the hell is wrong with you people?

But seriously, While consulting seems a broad and vague term, a lot of consultants have a specific skill whether it’s technology, strategy, financial, cyber security, etc that help companies who don’t have the expertise themselves. Sometimes you can’t just hire folks for that purpose as they don’t need the expertise long term, but it helps the company make more money or better decisions to grow.

[Anonymous]

Anonymous wrote:Still trying to figure out what in the world companies like McKinsey even provide that is of any value, let alone what any consultant in the world is worth over a $1M salary.

Sorry, a consultant is far below someone like a surgeon in value.

Let's be honest. Consulting is just a gig the elitists from the ivies use to enrich themselves at the expense of society while doing a whole bunch of crap to ruin the country and lay people off. It's just a checkbox to fill out on your resume after college to get into the special club of elitists.

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[Anonymous]

Anonymous wrote:

Anonymous wrote:Still trying to figure out what in the world companies like McKinsey even provide that is of any value, let alone what any consultant in the world is worth over a $1M salary.

Sorry, a consultant is far below someone like a surgeon in value.

Let's be honest. Consulting is just a gig the elitists from the ivies use to enrich themselves at the expense of society while doing a whole bunch of crap to ruin the country and lay people off. It's just a checkbox to fill out on your resume after college to get into the special club of elitists.

Well--well look. I already told you: I deal with the god damn customers so the engineers don't have to. I have people skills; I am good at dealing with people. Can't you understand that? What the hell is wrong with you people?

But seriously, While consulting seems a broad and vague term, a lot of consultants have a specific skill whether it’s technology, strategy, financial, cyber security, etc that help companies who don’t have the expertise themselves. Sometimes you can’t just hire folks for that purpose as they don’t need the expertise long term, but it helps the company make more money or better decisions to grow.

😂😂😂

[Anonymous]

I spent years working with very senior partners at McKinsey, Bain and others. We paid them a ton and they made a ton but their working lives were miserable. My only hope for them was that they had enough equity to make it worth it. $1m in annual income isn’t worth it.