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McKinsey Digital Compensation Negotiation + Location Information

I recently received a verbal offer after my final round at McKinsey Digital for an experienced business analyst (Friday evening). When should I expect to get a call from the recruiter? And how should I approach discussing compensation? I want to make sure I still get the written offer as I am keen in taking the role.

1. When can I expect to get a call from the recruiter to finalize offer details?

2. Is the McKinsey Chicago or Boston office better in terms of the Digital space?

3. I was initially told they do not offer a signing bonus but I was wondering if there is leniency for negotiation there. I am reading online that some individuals have received a signing bonus. I will have to return my current B4 signing bonus in full as I am leaving a B4 before a full year, and it would be quite beneficial for McKinsey to incur that cost and not for me to have to do it. Also, I am highly skilled in the Generative AI and ML space. How do I approach asking for a signing bonus or negotiating a higher one?

4. I would also like to discuss a relocation bonus as well, since I will have to relocate across the country for the job. How do I approach discussing the relocation bonus?

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Top answer
Emily
Coach
on Mar 16, 2025
9 years in MBB Southeast Asia & China| 8 years as MBB interviewer | Free intro call

Hi there, 

Congratulations!

1. Was your call / verbal offer with the recruiter? If so, they might skip another call and go to the written offer directly. 

2. I don't have enough knowledge of that, so will leave to other coaches to comment.

3. Yes you can negotiate for a sign on bonus, do it nicely and be prepared if you don't get it, given the current economic environment.

4. You can ask for relocation subsidy, too. You can negotiate all the terms as a package.

Best,

Emily

Pedro
Coach
20 hrs ago
Bain | EY-Parthenon | Roland Berger | Market Sizing | 30% discount 1st session

1. Most likely will be an email with the formal offer. Should arrive this week.

2. Probably Boston, but I have no internal insight on this issue.

3. You have a very valid reason to ask for this. Explain this to the recruiter.

4. Also a valid reason to ask for that relocation support. 

There's not to say on "how to approach discussing" these two bonuses. You call them, or request a quick call to go over some issues you need to discuss before signing the offer. And then you explain that you have these two major "costs" on your side and need their help to avoid being in a "stranded-ish" financial situation. 

If possible, try to discuss this BEFORE they send you the offer. It is not a deal breaker to have it discussed before the written offer, but it increases your chances of success if you raise this early.

Han
Coach
16 hrs ago
Ex-Mckinsey EM| Experienced round 1 interviewer | Free 15mins intro call

Hi there, 

 

Congratulations on getting an offer from McKinsey! I agree with what the other coaches said about 1, 3, and 4. Just adding more intel for 2 here, as I was attached to McKinsey Boston office until last year when I left - 

Digital practice (assuming you meant DnA practice) is very big. Staffing for projects typically is across multiple offices. Chicago would be better for connections as the current global lead of DnA practice (see here for details) is based in Chicago. But I've worked with him from the Boston office too, and likely everyone is traveling all the time, so the impact of being in the same office may not be as significant as it seems. 

But under the below two situations, I would strongly recommend Boston:

1. If you intend to do more analytical stuff, Boston would be a great place as it has one of the largest analytics community after the merge of waltham knowledge center and Boston office last year. The new office is also really beautiful :) 

2. If you intend to stay within the finance industry, Boston would be great, as it is very easy to commute to NYC. Most banking clients are based in NY.

Lastly, transferring offices within US is relatively simple I'd say. Would also recommend seeing which city you prefer to live in. Chicago and Boston are very different vibes, and this job requires traveling a lot, so your home location doesn't matter as much considering most of the time you will be traveling regardless. Personal preference here may weigh more than career impact. 

 

Happy to discuss more through a quick call if any follow up questions!

 

Cheers,

Han 

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