McKinsey & Company Severance Package: 2026 Guide
3-12 months depending on level (Associates to Partners). Calculate your estimated McKinsey & Company severance below.
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What McKinsey & Company Typically Offers
Known Severance Benefits
- ✓Generous severance scaled by seniority (3-12+ months)
- ✓McKinsey alumni network access
- ✓Outplacement with premium executive search firms
- ✓Continued health benefits
- ✓Pro-rated bonus
McKinsey & Company Recent Layoff History
| Date | Employees | Details |
|---|---|---|
| 2023-2024 | 2,000 | Support staff and non-client-facing roles reduced |
Sources: Financial Times, Bloomberg, Business Insider
McKinsey & Company Severance Tax (New York)
McKinsey & Company is headquartered in New York. Here's how severance is taxed there:
Example: A McKinsey & Company employee with 5 years of service earning $200,000 would receive approximately $57,692 gross ( $38,712 after tax in New York).
How McKinsey & Company Compares to Consulting & Professional Services Average
Other Consulting & Professional Services Companies
| Company | Formula | Rating |
|---|---|---|
| Boston Consulting Group (BCG) | 3-6 months for consultants; more for senior staff | Generous |
| Bain & Company | 3-6 months with strong alumni support | Generous |
| Deloitte | 2 weeks per year of service (typical Big Four) | Standard |
| Accenture | Based on local labor law + additional company severance | Standard |
See full Consulting & Professional Services severance guide →
Negotiating Your McKinsey & Company Severance
Strategies specific to McKinsey & Company employees:
- ✓McKinsey alumni network is worth more than extra severance weeks — ensure you maintain access
- ✓Push for a consulting exit rather than termination for better optics
- ✓Negotiate for continued access to McKinsey Insights and research
- ✓Ask for a partner reference letter rather than just HR confirmation
Think Your Severance Is Too Low?
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McKinsey & Company Severance FAQ
How much severance does McKinsey & Company pay?▼
McKinsey & Company typically offers 3-12 months depending on level (Associates to Partners). Their severance reputation is rated as “Generous” compared to consulting & professional services industry peers. In recent layoffs (2023-2024), support staff and non-client-facing roles reduced.
Can I negotiate my McKinsey & Company severance?▼
Yes, most severance packages at McKinsey & Company are negotiable. An employment lawyer experienced in consulting & professional services can typically negotiate 2-5x the initial offer, especially if there are potential legal claims or WARN Act violations. Many offer free initial consultations.
How is McKinsey & Company severance taxed?▼
McKinsey & Company severance is taxed as supplemental wages at 22% federal flat rate plus 10.9% New York state tax, for a total of approximately 32.9%. If you work remotely, your state of residence tax rate applies instead.
Related Consulting & Professional Services Companies
📋 Free Severance Negotiation Checklist
The exact steps employment lawyers use to negotiate higher severance. Used by 10,000+ employees.