McKinsey & Company

  www.mckinsey.com
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McKinsey & Company Reviews

Updated Jul 4, 2014
All Employees Current Employees Only

4.1 902 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 64 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 157 reviews)

  • Very long hours and continual expectation of over-performance(in 157 reviews)

142 Employee Reviews Back to all reviews
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    • Culture & Values
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    9 people found this helpful  

    McKinsey asks a lot of its employees, but gives a lot in return

    Engagement Manager (Current Employee) Washington, DC

    ProsGood compensation
    Incredibly smart colleagues
    Endless opportunity to explore a never ending buffet of projects, ideas, etc.
    Some projects have tremendous impact (change the course of companies, industries, countries, etc.)
    You can pick industries/offices that offer more local work (I only traveled about 50% because I prioritized being local)
    Take Time is an unbelievable program where you take a pay cut (10, 20, 30%) and get extra PTO (1, 2 months). You choose how much time you want and when you take it.
    When you quit you get Search Time to look for another job (depends on tenure, ~2-2.5 months for 2-3 years tenure)
    Incredible network. When I decided to leave people were unbelievably supportive. For the rest of life you have access to the alumni network and people who will help you, connect you to others, hop on the phone to give advice, etc.
    McK brand is very strong -- looking for your next job is enjoyable because people are seeking you out. You keep that name cache forever
    Lots of Starwood points (personal travel is free because of all the points)
    Met some great people who will be friends for a long time. Overall, folks are incredibly inspiring. Their relentless ambition can be exhausting/disturbing, but it's also inspiring. You'll work with people who will be leading the world's major institutions
    Good PTO (20 days a year) and it's easy to take between projects and be 100% off when you're on vacation

    ConsAn efficient person who prioritizes work/life balance is working until 10/11pm every night (with a break for dinner). Someone who doesn't prioritize balance is working past midnight.
    Somewhat stuffy, "corporate" environment
    Colleagues are smart and "interesting," but many come from the same background (finance, consulting, MBA). They run marathons and climb mountains, but at the end of day have a very narrow, achievement-focused mindset that can get tiring
    You're on a 6am flight every Monday (4am wake-up) and home ~9pm on Thursday every week. Oftentimes travel isn't confirmed until Sunday night so you have to be ready to go anywhere anytime.
    It's easy to lose perspective being surrounded by such a strong workplace culture. Difference is accepted, but there is extreme unspoken pressure to conform
    Constant turnover (1/4 of the Firm every year) means you're always having to build your internal network as partners you work with leave
    Can be difficult to create a "platform" (work focus) in topic areas in which the Firm doesn't do a lot of business (social sector, media/entertainment, tech, consumer). Easiest if you want to do FIG (financial services) or healthcare (esp pharma)

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • No Opinion of CEO

    2 people found this helpful  

    Staff role (not consulting). >10 years in senior position.

    Anonymous Employee (Current Employee)

    ProsGreat colleagues, challenging projects with opportunities to learn, contributing to important initiatives

    ConsLifestyle for some support staff has become not sustainable (60-70 hrs on regular basis, much more during crunches, working most weekends). Extreme cost pressure means no new hires, except in low cost locations, no more opportunities for changing roles, hours increase every year. Increasingly feel like a cog. This is an a NA location.

    Advice to Senior Managementsupport staff are people too

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • No Opinion of CEO

    6 people found this helpful  

    Keep your friends close, but your enemies closer...

    Associate (Current Employee) New York, NY

    ProsIt's got an amazing network of motivated people that are great to tap for future ventures, including funding for startups, leads on next jobs, etc.

    ConsIt's a little bit like being in high school and the mean kids are also the smart kids. It's a tab bit elitist and I'm not sure I would ever hire McK if I were a client.

    Advice to Senior ManagementDon't share work across clients. If I were a paying client, I wouldn't want my work to be used to help another client.

    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
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    4 people found this helpful  

    meh...

    Anonymous Employee (Former Employee)

    Proshigh pay and good future

    Consno life/work balance. values not always there

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    • Disapproves of CEO

    5 people found this helpful  

    Great learning experience - but issues

    Senior Consultant (Former Employee) San Francisco, CA

    Pros* Great environment to learn core skills like problem-solving and communication -- which will serve you well wherever you go

    Cons* Work-life balance terrible
    * They aspire to be a meritocracy - but is not always followed (e.g., some senior partner and partners "protect" those individuals that further their own interests
    * The company says they support expert consulting tracks - but has an ingrained "generalist" mentality - and values generalists more

    Advice to Senior Managementwork on all the "cons" mentioned

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

    2 people found this helpful  

    Great experience

    Engagement Manager (Former Employee) New York, NY

    ProsGreat problems, great thought leadership, great people development, great people

    ConsBalancing work with the needs of ones life is sometimes difficult... in fact, through my experience with the Firm, I simply stopped making all plans with either my family or my friends... to the point where they just stopped inviting me

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • No Opinion of CEO

    1 person found this helpful  

    Sharp people, high impact but demanding

    Associate (Former Employee)

    ProsSharp people
    High profile projects
    Opportunity to travel
    Resume value

    ConsLong hours
    Constant travel
    Challenging projects
    Dress code at client sites

    Advice to Senior ManagementReduce employee churn by improving work-life balance. Possible solutions include three day travel weeks, 9-10 hour workdays and allowing regular remote work.

    No, I would not recommend this company to a friend

     

    great company

    Anonymous Employee (Current Employee)

    ProsThis is a great company if you are looking for the following characteristics in a management consulting firm: Great people, many opportunities, awesome client, perks,

    ConsThere are also many cons in working at McKinsey and primarily they revolve around the lack of flexibility in working in the industry you want and the constant trade-off in lifestyle -- particularly on travel and long working hours

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    Not so good for experienced hires

    Anonymous Employee (Current Employee)

    Prosgood experience in analysis and strategy

    ConsNot the right place for an exerienced hire

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Great Colleagues, Great learning experience, sometimes monotonous work

    Anonymous Employee (Former Employee)

    ProsBest people in the industry, great trainings, exposure to senior clients

    Cons60% if the time spent perfecting powerpoint slides, only 40% doing actual work.

    Advice to Senior ManagementStop taking yourself too seriously. There are more things in life other than work and client impact.

    Yes, I would recommend this company to a friend

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