McKinsey & Company

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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

Other reviews for McKinsey & Company

  1.  

    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

  2. 5 people found this helpful  

    Great people, excellent benefits, but limited opportunities for non-consultants

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

    Pros

    People are professional, decent, smart, collaborative, and hard-working. The team-oriented structure and collaborative work ethic make doing most projects at McKinsey relatively enjoyable. Every place has office politics, but it seems much less than what friends have described at other firms. When you reach out to someone for help, they will most often be willing to work with you. Also, the problem-solving skills, communication skills, and attention to detail that is required have helped me on many endeavors outside the firm.

    Cons

    There are limited opportunities for non-consultants. This is understandable in that consulting is the core business and the entire model is oriented around that professional track. Many people with whom I have worked on the non-consulting track are actually overqualified for their roles, and the firm does not alway know how to use them to the best advantage. For non-consultants, I think McKinsey is good as a starting point if you are just beginning your career - after a couple years you can move on. Or, for experienced professionals, it's a good mid-career change if you are looking for a different way to apply what you have already learned but are not that concerned with moving up the career ladder.

    Advice to ManagementAdvice

    The single-minded focus on outsourcing all support functions (i.e., visual design, research, secretarial services) and emphasis on "hoteling" consultants is damaging to the value system the firm tries to uphold. This fracturing of the staff means that people do not really understand what anyone else does, and the behavior modeling that was such an important part of transferring firm values is far more difficult (or nonexistent) when there is limited interaction between leadership and everyone else, and among different groups of people.

    Recommends
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