McKinsey & Company Reviews

Updated May 14, 2014
Updated May 14, 2014
951 Reviews

4.2
951 Reviews
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
534 Ratings

Review Highlights

Pros
  • Very smart people to bounce thought off and get new angles that you haven't thought of (in 65 reviews)

  • Great people to work with, get to learn a lot from colleagues as well as senior leadership (in 24 reviews)


Cons
  • You have to have a lot of self discipline to keep work life balance reasonable (in 160 reviews)

  • Very long hours and continual expectation of over-performance (in 158 reviews)

More Highlights

30 Employee Reviews Back to all reviews

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  1. 5 people found this helpful  

    Tampa Finance Team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL

    I have been working at McKinsey & Company full-time

    Pros

    Salary/benefits is slightly above average for the area.

    Cons

    - Poor Management. Keeps everyone in the dark and refuses to take responsibility for anything. Will not help you or provide you with any resources. Management uses you as a middle man to implement and force unwanted policies upon firm directors while providing you with no help or back up to support them. When there is a problem the first step is to blame someone and not actually resolve anything.

    - Systems use are decades behind. Unable to work efficiently with given systems and often has to serve as IT support. Again, management does nothing about it and leaves IT issues up to you to resolve and lends no help or any leeway while having to deal with the constant obstacles.

    - No room for advancement. Raises are below annual cost of living increases in the area.

    - Very negative culture. Nothing positive is ever said or done.

    Advice to ManagementAdvice

    Start over.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 4 people found this helpful  

    Former Administrative Employee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Boston, MA
    Former Employee - Anonymous Employee in Boston, MA

    I worked at McKinsey & Company full-time for more than a year

    Pros

    - work/life balance encouraged, but administrative staff "not allowed" to have a blackberry to stay on top of emails.
    - fellow Admins stepped up to support each other when blantant disrespect/problems caused by management
    - performance reviews partially based on how "colleagues" rated you
    - some friendly employees (including Managing Director), but it does not always trickle-down

    Cons

    These all coming from a very proactive, collaborative, positive, former employee:
    - archaic mentality towards management of administrative personnel (could not leave desk without telling someone)
    - overall stress from the job is felt across all personnel. There are ways to work more efficiently and reduce stress but they are not open to hearing it.
    - clear disconnect between Consultants and Administrative staff (communications, social outings, networking opportunities, team-building)
    - most new-hires have no idea how to work with an Assistant
    - "up or out" and "client always comes first" policies creates self-promoting consultants and terrible work environment for many administrative personnel
    - performance reviews do not include input from direct reports
    - direct manager and HR person were one in the same (conflict of interest)
    - very "shut up and do as you're told" environment
    - some upper management verbally abusive/disrespectful with zero repercussions or apology
    - Administrative personnel not located in-office for lower management. Title of "Executive Assistant" seems to be handed out like candy, which is a disservice to everyone.
    - not focused on personnel retention

    Advice to ManagementAdvice

    Get with the times. Administrative staff need to be treated as colleagues/partners. Instead of shoving corporate values down people's throats, open your eyes to real-life values and foster a positive work environment.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3. 4 people found this helpful  

    Believe me - it's just not worth it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst  in  San Francisco, CA
    Former Employee - Business Analyst in San Francisco, CA

    I worked at McKinsey & Company full-time for more than 3 years

    Pros

    When one leaves, the name opens doors.

    Cons

    Work-work balance. Horrible for anyone with a significant other because of the long hours and unpredictable travel requirements. Any company with such a high attrition rate is that way for a reason.

    Pressure-packed and stressful.

    End-product is almost always unsatisfactory and at the cost, one feels happy they are not investing in the client with the exorbitant fees The Firm charges.

    I have rarely met someone who has left McKinsey that wasn't entirely satisfied with their decision when they realized the relief of no longer working there.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    If personal happiness is important to you, do not work here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Associate  in  Chicago, IL
    Former Employee - Summer Associate in Chicago, IL

    I worked at McKinsey & Company as an intern for less than a year

    Pros

    Enables quick career advancement if you can stick with it for a couple years.

    Cons

    80-90 hrs/week of busy work. Little learning new of concepts, very little mentoring, and constant criticism. Some coworkers will throw you under the bus to get ahead. Very hierarchical - problem solving discussions are open for everyone to express their ideas, but at the end of the day, the most senior person in the room makes the decision. Performance ratings are based primarily on how much your management likes you, not as much on your output.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    not a very good place

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at McKinsey & Company

    Pros

    flexible compensation and the place is ok

    Cons

    not a very good place

  7. 7 people found this helpful  

    Not at all like they market it during recruiting

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst  in  Palo Alto, CA
    Current Employee - Business Analyst in Palo Alto, CA

    I have been working at McKinsey & Company full-time for less than a year

    Pros

    - Name brand and the apperance to the outside world that you'll be somehow qualified because of your time at McKinsey
    - Smart, genuine, nice, and interesting people
    - Cares about work life balance as best as they can given the necessary travel, etc
    - Money to slosh around for team events and retreats

    Cons

    - Limited number of people care about personal development
    - Stinginess and overall laser focus on profits above all else, including client impact
    - Force consultant to specialize without any connectoin to personal interests or desire
    - Senior management are disconnected and very hierarchical
    - Does not follow many of its written values, which they tout so strongly

    Advice to ManagementAdvice

    Make your recruiting pitch - that you'll learn, that you'll be able to try out new things, that you'll be able to work with high level executives at clients - match the reality - that you'll learn very little, that you'll be forced to specialize quickly without any word in the process, and that you'll have little access to clients overall.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 17 people found this helpful  

    "Terrible place to waste your life"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate Principal  in  Detroit, MI
    Current Employee - Associate Principal in Detroit, MI

    I have been working at McKinsey & Company

    Pros

    - Looks good on resume
    - Learn how to make up stuff, look good
    - Learn how to navigate company politics

    Cons

    - McK consultants lack integrity / honesty; they consistently try to prove their "hypothesis", often rejecting facts/data to the contrary.
    - At AP level your chances of being elected partner depend on who your clients are and who your friends are at the firm. To be elected, you will need to kiss ass to at least a few directors, accept all the work you can physically handle, take credit for things you didn't actually do (in McKinsey speak, this is called "leverage"), and create a 'story' around your election 'platform'. A director recently put it to me this way ... "you need to draw that target around the arrow." Election has nothing to do with upward feedback, performance.
    - McKinsey partners prey on weak and insecure managers. I've seen partners discuss who is weakest and most insecure, and scheme to take advantage of the situation
    - McKinsey has a 'core client' policy that favors selected clients over others. Clients that are not 'core' will get second rate consultants on their studies ('core client' study managers get first pick at staffing a study)

    Advice to ManagementAdvice

    - Bring back honesty and integrity to the consulting profession
    - Respect your clients; learn to be more humble
    - Respect your associates/BAs/EMs.

    Doesn't Recommend
    Disapproves of CEO
  9. 30 people found this helpful  

    All reputation but zero substance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Analyst  in  Los Angeles, CA
    Current Employee - Business Analyst in Los Angeles, CA

    I have been working at McKinsey & Company

    Pros

    Right out of college, it was fun to fly around and pretend to be a big shot.
    Looks good to outsiders who are only vaguely familiar with what we do

    Cons

    Most of the hires here are pathetic social climbers
    Some of the worst brown-nosing and nepotism you'll ever see
    Too many loud-mouthed pitchmen who are too intellectually deficient to truly contribute
    Understanding that most of the time what you end up pitching will offer the client no benefit to them whatsoever
    Despite the prestige, exit options are not good

    Advice to ManagementAdvice

    Nothing really. They've achieved exactly what they've wanted. The Firm has a stellar reputation despite its glaringly obvious incompetence. They are able to recruit well at top colleges and understand to hire the kids who are ambitious but have no real talent. These guys will come to realize that the McKinsey business card is all they have going for them and will fiercely defend the company. It's a brilliant move on the part of management.

    Doesn't Recommend
    No opinion of CEO
  10. 5 people found this helpful  

    Work here if you want to make money and be successful - but leave your self-respect at home

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate  in  Atlanta, GA
    Former Employee - Associate in Atlanta, GA

    I worked at McKinsey & Company

    Pros

    Brand name. Springboard for opportunities outside

    Cons

    No work-life balance - you are essentially a slave of the company.

    Advice to ManagementAdvice

    You claim to be a non-hierarchical company, but you are the most hierarchical and suffocating company that ever existed

    Doesn't Recommend
    No opinion of CEO

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