| Topic Name: |
Starting Salary at BCG/McKinsey? |
| Message Name: |
The short answer is |
| Date Posted: |
04/18/2000 |
| In Reply To: |
I am graduating from Law School and spending a year working for a federal judge. At a law firm, I am looking at a starting salary of $170-$175,000. I also have an open offer at one of the two firms listed above, and expect an offer at the other. Could the 1st year salary (including bonuses) match what I can get at a law firm? |
| Message: |
The short answer is no. JD's fresh from law school are treated the same as freshly minted MBA's, and I doubt the one year of clerkship will matter to the firms much. So, your offer will be the same as an MBA. For McKinsey this year, the offer is:
$20K sign-on bonus
$100K annual salary, $105K/year starting 1/1/2001
12% profit sharing
Year-end performance bonus of 20-30% on 12/31/2001
You're probably looking at around $150K total compensation for your first FULL-YEAR at one of the two firms you mentioned.
You must have done really well in law school to be able to secure such a generous offer from a law firm. All of my friends who attend decent law schools (Georgetown, NYU, Columbia) are getting offers in the $90-100K range. Congrats...
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