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Vault Message Board: Management and Strategy Consulting

Topic Name: Starting Salary at BCG/McKinsey?
Message Name: law firm salaries
Date Posted: 04/18/2000
In Reply To: 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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