McKinsey & Company
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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I have been working at McKinsey & Company full-time (more than 3 years)Pros
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 vacationCons
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)RecommendsPositive OutlookApproves of CEO