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I worked at McKinsey & Company full-time (More than 5 years)
Classy, top notch place to work. You feel like you're in with the good guys, and the smart guys - if not the cool guys. Fantastic place to learn the toolkit - you will use it for the rest of your career. Analyst --> early EM is a no brainer since you are learning a ton.
Like all very strong cultures, it is a bit cultish. You have to unlearn things if you stay too long, because the real world doesnt work like McKinsey. When you stay past EM, you're learning the McKinsey internals - which are less relevant in industry. Up o
Advice to Management
Up or out makes a lot of sense..but do you gain from losing top perfomers who are burnt out? Isnt it better to nurture them a bit to help them find their footing?