McKinsey & Company is the largest consultancy firm in the world and has a notorious reputation for its highly competitive interview process. The company’s interviews across positions are significantly hard to crack because of the intense competition and low acceptance rate. As for salaries, McKinsey & Company is known to pay highly rewarding compensations, offering tremendous opportunity for growth and professional development. The average McKinsey & Company software engineer salary in the United States is $144k per year along with a ton of employee benefits. For software engineers looking to scale-up their careers, landing a job at McKinsey & Company can be an absolute dream.
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Let’s go ahead and look at McKinsey & Company software engineer salaries across all levels in the US, the benefits offered, and how McKinsey & Company software engineer salaries compare with other top companies.
Here’s what we’ll discuss:
- Average McKinsey & Company Software Engineer Salary by Level
- McKinsey & Company Software Engineer Salary vs. FAANG Companies
- Skills Required to be a Successful Software Engineer at McKinsey & Company
- Benefits Offered to Software Engineers at McKinsey & Company
- FAQs on McKinsey & Company Software Engineer Salary in the US
Average McKinsey & Company Software Engineer Salary by Level
The average McKInsey & Company software engineer salary in the United States is $144,000 per year. This includes a base compensation of $130,000 and a bonus compensation of $14,000. This is much higher than the average software engineer salary in the United States, which stands at $102,256 per year.
The table below shows the average McKinsey & Company software engineer salary and Engineering Manager salary. Let’s take a look.
Source - levels.fyi
McKinsey & Company Software Engineer Salary vs. FAANG Companies
McKinsey & Company pays excellent salaries to software engineers, making it one of the top companies to work for if you’re a software engineer.
The table below compares the salaries of McKinsey & Company software engineers with top tech companies.
What we see in the table indicates that McKinsey & Company is known to offer one of the highest-paying compensations to software engineers in the United States, making it a highly sought after company for software engineers.
Essential Skills Required For McKinsey & Company Software Engineers
Following is the essential set of skills required to become a software engineer at McKinsey & Company.
- A degree in Computer Science or a related field in IT, depending on the position
- Working knowledge of coding languages, such as Python, Java, C++, etc.
- Knowledge of web development (PHP, JavaScript)
- Working knowledge of SQL and databases
- Knowledge of different operating system environments
- Knowledge of network systems and protocols
Additional Benefits Offered to Software Engineers at McKinsey & Company
Apart from being offered lucrative salaries, software engineers at capital enjoy a spate of other benefits. Some notable employee benefits include -
- Medical, Accidental, Dental, Vision and Life Insurance
- Flexible Spending Account
- Maternity and paternity leave
- Roth 401(k)
- Counseling services
- Recreational facilities
- Wellness benefits
- Transportation benefits
- Stock options - 3-year vesting schedule, 33% vests each year
FAQs on McKinsey & Company Software Engineer Salary in the US
Q1. What is the average McKinsey & Company software engineer salary in the United States?
The total average McKinsey & Company software engineer salary in the United States is $144,000 per year.
Q2. What is the average salary of Engineering Managers at McKinsey & Company?
The average salary of Engineering Managers at McKinsey & Company is $239,000 per year.
Q3. What are some benefits offered to McKinsey & Company software engineers?
Some benefits offered to McKinsey & Company software engineers include - Insurance benefits, wellness benefits, Roth 401k, retirement benefits, transportation benefits, Flexible spending account and Health savings account.
Q4. How many stages does the McKinsey & Company software engineering interview have?
The McKinsey & Company software engineering interview has three main stages - the Initial Recruiter Screen, the Technical Phone Screen, and the On-site interview. The on-site interview has 4-5 rounds including 1-2 coding rounds, 1-2 design rounds, and a HR or behavioral round.
Q5. What is the average cash bonus offered to McKinsey & Company software engineers?
According to data from Glassdoor, the average cash bonus offered to McKinsey & Company software engineers is $10,831.
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