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Mckinsey SHAPE Delivery Consultant Salaries - in my screening interiview HR asked me my expectations and current sallary. My current is much lower than what they would offer and I'm worried what I said as my expectation is much lower than what they do - is that a disadvantage.

I just had a screening interview. It went well but when asked about salaries I think I have messed up a little.

They asked about my expectations and I think said much lower than the actual band ( I said 50k+ bonus and after a bit of research I have seen it could be about 70k+? - Unsure though as it is hard to find information). I was also asked my current salary (32k) - as I work in a charity it is significantly lower than those at McKinsey.

Would my answers mean they don't think I would be up to the role/would hire me in a lower rank than deserved/would low ball me massively if I was given an offer in this specific role.

Confused as to their intentions behind asking the questions. 

 

Thanks for your help!

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Top answer
Thabang
Coach
edited on Dec 01, 2024
Ex-McKinsey Consultant | McKinsey Top Coach & Interviewer | Special Offer: Buy 1 Session Get 1 Free (Limited time!)

Hi there, 

One of the great things about McKinsey (and many consulting firms too) is that their pay-scales are calibrated to your role (and tenure) and not necessarily your expectations of what the pay should be or what your previous salary in another company was.

So all new joiners going to a particular role will earn the same salary. Differences may arise when considering factors like relocation assistance if applicable, and then down the line performance bonuses based on individual performance

Florian
Coach
on Nov 28, 2024
1400 5-star reviews across platforms | 500+ offers | Highest-rated case book on Amazon | Uni lecturer in US, Asia, EU

Hi there,

This is not an issue since salaries are fixed anyway.

The only variable part is the bonus which is determined based on your performance on the job later on!

All the best,

Florian

Alessa
Coach
on Nov 27, 2024
xMcKinsey & Company | xBCG | +200 individual & group coachings | feel free to schedule a 15 min intro call for free

Hey! 

No need to worry—McKinsey typically offers salaries based on their internal bands for the role, not your current or stated expectations. Your lower stated salary or expectations won't disqualify you, lead to a lower rank, or significantly impact their offer. The HR question helps them gauge your background and manage your expectations, but final offers align with their structured pay bands. If you proceed, you can always negotiate later.

BR, Alessa

Ashwin
Coach
edited on Nov 28, 2024
Bain Senior Manager , Deloitte Director| Free 45 mins Strategy Session | 200+ MBB Offers | INSEAD

McKinsey bases offers on role and market benchmarks, not your current salary. A lower stated expectation won't disadvantage you. Focus on demonstrating your value confidently. I have personally mentored candidates who doubled their salary on joining MBB.

All the best, Thanks Ashwin

Alberto
Coach
on Nov 30, 2024
Ex-McKinsey Partner | Most experienced coach (15 years exp, +2.000 real interviews) | 95% success rate

It’s not a disadvantage—quite the opposite. McKinsey salaries are fixed by category. They were likely checking to ensure your current salary isn’t significantly higher, to set realistic expectations before the interview process.

Best,

Alberto

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