McKinsey & Company Reviews

Updated June 24, 2015
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
10 Ratings

Pros
  • You work with very smart people every day (very gratifying) (in 67 reviews)

  • Can stay for 2 years to learn a lot (in 26 reviews)

Cons
  • An efficient person who prioritizes work/life balance is working until 10/11pm every night (with a break for dinner) (in 174 reviews)

  • Long hours depending on the project (in 175 reviews)

More Pros and Cons

27 Employee Reviews

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  1. Helpful (3)

    Soul destroying

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

    I have been working at McKinsey & Company full-time

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    Getting hotel points and flying first class

    Cons

    Learning how to lie about everything, working with people who are all just trying to get by (i.e. no one has a vested interest in developing anyone else), lies, lack of transparency, constant politics, ignorant clients, being forced to make up lies 18 hours a day.

    Advice to Management

    Change the model. Develop talent locally. Be more transparent. Change your sales pitch to new people. Ex-McKinsey people are impressive. The ones that stay are intellectually lazy, terrible at managing and completely disengaged from their work. Its shameful. Treat experienced hires with the respect they deserve. drop the tenure fixation and make it more merit based.


  2. Helpful (2)

    Not so great!

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

    I worked at McKinsey & Company full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Benefits, health care are great. Pay is good and vacation days are also great if you're allowed to take them. Surrounded by different cultures is a nice experience. Having the name McKinsey in your resume can be impressive to other employers.

    Cons

    High turn around, no communication, the process is always changing and you're expected to adjust quickly with no real training, members morale are low, you work long hours and hardly get praised. Leadership talks down to team members, lots of favoritism. About everyone feels the same, it's sad. I read an article that the firm is rated the top 10 places to work for and that may be true for a consultant but not for the members in the back-office/operations. The advice that I can give you is, that if you plan on working for the firm, please ask the right questions (to several members) during an interview (i.e. are you happy working here? how is it working for xxx? how's work/life balance) before making a decision.

    Advice to Management

    Realize that the majority of the team morale is low and they dislike working there. If you would turn this around, you would get better results. Work on communication, don't favoritism, provide real training and hire more. Support your team and try to be caring.


  3. Helpful (1)

    McKinsey

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY

    I have been working at McKinsey & Company full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Learning curve is steep and better than peers

    Cons

    Lifestyle can become challenging especially with travel


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  5. Helpful (1)

    Not for everyone!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY

    I worked at McKinsey & Company full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Exposure to high profile business issues and fast track training for non-business majors.

    Cons

    hostile work environment, people are nosiy, competitive and do not care about others as a person. The company focuses too much on marketing its brand image during the recuriting process, yet does not work on improving the experience of its employee. lots of people ended up having work experience that is not what they marketed during the interview process...also, there are times they focus too much on getting the next consulting project, rather than holding high moral standard....

    Advice to Management

    you will fall at one point if you don't sit and reflect on the true value you bring to the society.


  6. Helpful (7)

    Tampa Finance Team

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

    I have been working at McKinsey & Company full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

    Start over.


  7. Helpful (4)

    Former Administrative Employee

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

    I worked at McKinsey & Company full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

    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.


  8. Helpful (6)

    Believe me - it's just not worth it.

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

    I worked at McKinsey & Company full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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.


  9. Helpful (3)

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

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

    I worked at McKinsey & Company as an intern (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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.


  10. 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


  11. Helpful (8)

    Not at all like they market it during recruiting

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    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 Management

    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.



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