McKinsey & Company

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McKinsey & Company Reviews

Updated Jun 14, 2014
All Employees Current Employees Only

4.1 904 reviews

96% Approve of the CEO

McKinsey & Company Managing Director Dominic Barton

Dominic Barton

(513 ratings)

91% of employees recommend this company to a friend

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
33 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Place is dysfunctional

    Anonymous Employee (Current Employee)

    Pros-- Learning opportunities
    -- Airline and hotel points

    Cons-- Lifestyle
    -- Cut throat and political environment

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    • No Opinion of CEO

    5 people found this helpful  

    Great learning opportunity / Impersonal

    Senior Associate (Current Employee)

    Pros+ exit opportunities
    + breadth of learning opportunities; varied range of projects
    + smart coworkers

    Cons- impersonal culture; churn / burn culture
    - relationships last only as long as your engagement, so partners / EMs are often more concerned about the results than your experience on the team
    - very quick to judge skills of associates / BAs; often given only 1 week to prove oneself - I've seen lots of brilliant coworkers hurt by this even though they really just needed more coaching and time

    Advice to Senior ManagementTake TLAs more seriously

    • Culture & Values
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    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    Insecurity among leadership shows

    Senior ASC (Current Employee) Chicago, IL

    ProsGreat brand name
    Open doors since its a great polishing school
    Probably better than being at Bain or BCG

    ConsPolitical beyond belief
    Insecure leadership that sees McKinsey's position become less tenable by the day, and becoming more of a rubber stamp openly
    Its a bunch of fiefdoms knitted together by outsourced page making, research teams (that basically google stuff for you) and boiler plate material used as 'knowledge documents'
    Really nothing more to add, the lifestyle everyone is aware of, go in with your eyes open. Don't know why people are complaining about it, everyone knows about it!!

    Advice to Senior ManagementNothing, the model is crumbling so do what you can while the going is still good for you

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    4 people found this helpful  

    Burning out the best and brightest

    Anonymous Employee (Current Employee)

    ProsExcellent learning opportunity with exposure to many environments and business problems. Any company who hires a McKinsey person - is very lucky to get them as they are the best, brightest and hardest working people.

    ConsHours are brutal; a short day is 16 hours, many days are 20 hours. Partners state that this is a sign of problematic project management, but they rarely provide the EM or AP with guidance to how to address this.

    M-F you generally work 80 hours and put in another 10-15 on the weekends. If you divide salary by hours worked - average per hour is about $30-$40/hr.

    As an EM I have learned that it is impossible to balance work/life.

    Advice to Senior ManagementThere should be a limit on the number of hours you are allowed to work in a given week as this brutal schedule drives away the best and brightest.

    Your partners need to take a more active role in project management and in developing future leaders; otherwise you will continue to lose the best people in your organization.

    1 person found this helpful  

    Work, Sister, Work

    Anonymous Employee (Current Employee)

    Pros$, That Is Just About It. Maybe Bragging Rights, Too.

    ConsWork, Sister, Work. No breaks, travel up the wazoo, women are not held in the highest esteem, shall we say. Oh, and any outside experience was for naught.

    Advice to Senior ManagementListen to the femmes.

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    1 person found this helpful  

    ots of untapped potential as a company

    Senior Consultant (Former Employee) New York, NY

    ProsFlexible work hours, 40 hours a week typically but can easily get to 60+ hours a week which is still good considering the pay.

    Cons- Not management not committed enough
    - Lack of vision and understanding of the market they operate within (naive management style)
    - Far too many people from a single community
    - Territorialities and silos
    - Lack of customer and people focus

    Advice to Senior ManagementIf the company bets on hiring a few proven sales people and senior analysts, there would be a change in the perception the clients have of the company. Employee´s morale is really low and people feel underappreciated. There is much potential, please remember that happy employees are committed employees.

    No, I would not recommend this company to a friend

    • Work/Life Balance
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    • No Opinion of CEO

    5 people found this helpful  

    No Respect For Employees

    Anonymous Employee (Former Employee) New York, NY

    ProsSalary, name recognition, status of having McKinsey on your resume, ability to utilize the McKinsey name to get your foot in the door.

    ConsLack of respect for firm members, very unfair treatment of firm members, inside McKinsey is completely different than what they portray to clients. Very behind in technology and work/life balance.

    Advice to Senior Managementlead by example and by the way you represent yourself to clients. If clients had any idea how "messed up" internally McKinsey was, they would never hire you to consult for them.

    No, I would not recommend this company to a friend

    • Work/Life Balance
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    • Disapproves of CEO

    8 people found this helpful  

    McKinsey in New York

    Engagement Manager (Current Employee) New York, NY

    Pros1. Good name for resume
    2. Good pay
    3. Good learning opportunities in first 2-3 years

    Cons1. Long hours and weekends
    2. Very political
    3. You have to get used to people yelling at you when you advance - you need a very thick skin to survive
    4. For all the talk about values, not sure they are truly lived

    Advice to Senior Management1. Fix work life balance
    2. Encourage a culture in which people can build on their strengths and strive instead of creating an environment of fear and stress with constant focus on your weaknesses

    • Work/Life Balance
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    • Approves of CEO

    11 people found this helpful  

    McKinsey - Hell's Refinery

    Engagement Manager (Current Employee) San Francisco, CA

    ProsIt is an excellent stepping stone to other careers. It provides good exposure to a wide range of different companies with different problems. It allows one to quickly gain the experience one needs to succeed in a variety of different contexts. It connects you to a large number of different people. It provides excellent training. It is one of the few good ways that someone who worked in other professional fields can transition to business and it has a great brand. Be cautious, however, who you sell your soul too! It can be something of a fire for those who are unprepared.

    ConsThe life-style is unsustainable. Even those who claim to have figured out how to achieve good lifestyle within McKinsey have a lifestyle that most people would not want at any price.

    The place operates on the edge of chaos - it never ceases to amaze me that despite all the advice we give to other companies about how to organise and make systematic we ourselves consistently fail to do so.

    Assessment is quite in-transparent. I have had projects where I felt I added a lot of value but for some reason that was not seen, other studies where I felt I was useless but people loved me.

    Advice to Senior ManagementMake a choice - decide what you want the company to be and then follow through.

    Our mission is to "To help our clients make distinctive lasting and substantial improvements in their performance and to build a great firm that is able to attract, develop and retain exceptional people"

    Decide if you want to maintain our dual people and client mission. If that is imporant to you, then we are clearly failing in the people mission. The truth is we don't retain our people! If you are serious about the importance of lifestyle then you need to change the way in which people are measured and the way in which we operate to make the system coherent. If you decide (as I suspect that you will) that performance is more important then orient our systems around that. Don't pretend one is important and do the other.

    If creating lasting change is important in our clients, lets not take the studies where the change will not sustain or the client doesn't really want us to be there.

    No, I would not recommend this company to a friend

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    • Approves of CEO

     

    Good company to work

    Process Associate (Current Employee) Chennai (India)

    ProsGood work life balance and good infrastructure

    ConsShould give more values to the employee than the client

    Advice to Senior ManagementPlease stop concentrating on cost cutting.

    Yes, I would recommend this company to a friend

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