McKinsey & Company

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McKinsey & Company Reviews

Updated August 20, 2014
Updated August 20, 2014
941 Reviews

4.2
941 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
McKinsey & Company Managing Director Dominic Barton
Dominic Barton
531 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

146 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Good starter

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

    Pros

    good starting pay; great benefits, amazing 401k

    Cons

    hard to move up; pay doesn't increase much over time; corrupt management

    Recommends
    Negative Outlook
    Approves of CEO
  2. 15 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Engagement Manager  in  Washington, DC
    Current Employee - Engagement Manager in Washington, DC

    Pros

    Good 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

    Cons

    An 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)

    Recommends
    Positive Outlook
    Approves of CEO
  3. 4 people found this helpful  

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

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

    Pros

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

    Cons

    Lifestyle 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 ManagementAdvice

    support staff are people too

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 8 people found this helpful  

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

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

    Pros

    It'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.

    Cons

    It'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 ManagementAdvice

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

    Recommends
    Neutral Outlook
    No opinion of CEO
  6. 5 people found this helpful  

    meh...

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

    Pros

    high pay and good future

    Cons

    no life/work balance. values not always there

  7. 6 people found this helpful  

    Great learning experience - but issues

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

    work on all the "cons" mentioned

    Recommends
    Neutral Outlook
    Disapproves of CEO
  8. 2 people found this helpful  

    Great experience

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

    Pros

    Great problems, great thought leadership, great people development, great people

    Cons

    Balancing 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

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Sharp people, high impact but demanding

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

    Pros

    Sharp people
    High profile projects
    Opportunity to travel
    Resume value

    Cons

    Long hours
    Constant travel
    Challenging projects
    Dress code at client sites

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    great company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

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

    Cons

    There 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

  11.  

    Not so good for experienced hires

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

    Pros

    good experience in analysis and strategy

    Cons

    Not the right place for an exerienced hire

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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