McKinsey & Company

  www.mckinsey.com
  www.mckinsey.com

McKinsey & Company Reviews

Updated November 19, 2014
Updated November 19, 2014
1,035 Reviews
4.2
1,035 Reviews
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
586 Ratings

Review Highlights

Pros
  • Very smart people to bounce thought off and get new angles that you haven't thought of (in 67 reviews)

  • Great people to work with, get to learn a lot from colleagues as well as senior leadership (in 26 reviews)


Cons
  • You have to have a lot of self discipline to keep work life balance reasonable (in 174 reviews)

  • Very long hours and a very high pressure environment leads to continual stress (in 175 reviews)

More Highlights

38 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Despite a premium brand and top tier consulting firm, people leadership is horrible.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at McKinsey & Company

    Pros

    Good type of work. Great exposure. Can stay for 2 years to learn a lot

    Cons

    People development is horrible. Day to day job can be intense, long hours. People are always stressed out, tired and do the minimal to keep sanity in check. I particularly found engagement managers to have no people skills. Typically they have not managed people in the past and find it tough especially in an intense setting.

  2. 2 people found this helpful  

    Marvin Bower should be turning in his grave

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

    I have been working at McKinsey & Company full-time (more than 10 years)

    Pros

    Good salary and benefits
    Highly intelligent and capable co-workers, although many are insecure overachievers
    Interesting and challenging work for consultants

    Cons

    Horrible work-life balance
    Non-consultants are second class citizens
    1,000+ partners who each expect to be treated as king/CEO
    A business management consulting company that is woefully ignorant of its own management problems

    Advice to ManagementAdvice

    McK is straying further and further from its core values and the late Marvin Bower would be appalled at the current state of things. There is no more "One McKinsey"; it's more like "A Tale of Two Cities" between consultants and non-consultants and the firm's annual Values Day based upon Marvin's core values is sheer hypocrisy at this point. Too many seven-figure senior partners nevertheless still consumed by greed and Rajat Gupta is only a symptom of a more widespread problem at the top of the firm. Non-partner senior managers under enormous stress and workload to attempt to placate the endless demands of partners who all want immediate attention and special treatment and the rules to apply to everyone but them. Even junior level staff are expected to work long hours and be available 24/7 despite having no bonus opportunity ("prod pay"). In general, non-consultants are viewed as nothing but a cost center to be eradicated wherever possible with remaining members expected to put forth Herculean efforts for the sole privilege of working at McK. .

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Place is dysfunctional

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

    I have been working at McKinsey & Company

    Pros

    -- Learning opportunities
    -- Airline and hotel points

    Cons

    -- Lifestyle
    -- Cut throat and political environment

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  5. 5 people found this helpful  

    Great learning opportunity / Impersonal

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

    I have been working at McKinsey & Company full-time (more than an year)

    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 ManagementAdvice

    Take TLAs more seriously

    No opinion of CEO
  6. 4 people found this helpful  

    Insecurity among leadership shows

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

    I have been working at McKinsey & Company full-time (more than an year)

    Pros

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

    Cons

    Political 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 ManagementAdvice

    Nothing, the model is crumbling so do what you can while the going is still good for you

    Recommends
    Neutral Outlook
    No opinion of CEO
  7. 6 people found this helpful  

    Burning out the best and brightest

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

    I have been working at McKinsey & Company full-time

    Pros

    Excellent 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.

    Cons

    Hours 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 ManagementAdvice

    There 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.

    No opinion of CEO
  8. 2 people found this helpful  

    Work, Sister, Work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at McKinsey & Company full-time (less than an year)

    Pros

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

    Cons

    Work, 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 ManagementAdvice

    Listen to the femmes.

  9. 1 person found this helpful  

    ots of untapped potential as a company

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

    I worked at McKinsey & Company

    Pros

    Flexible 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 ManagementAdvice

    If 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.

    Doesn't Recommend
  10. 5 people found this helpful  

    No Respect For Employees

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

    I worked at McKinsey & Company

    Pros

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

    Cons

    Lack 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 ManagementAdvice

    lead 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.

    Doesn't Recommend
    No opinion of CEO
  11. 9 people found this helpful  

    McKinsey in New York

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

    I have been working at McKinsey & Company

    Pros

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

    Cons

    1. 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 ManagementAdvice

    1. 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

    Disapproves of CEO

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