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6 people found this helpful  

Wonderful place, don't stay too long

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

I worked at McKinsey & Company full-time (more than an year)

Pros

- Interesting projects, especially in the Social Sector.
- Really smart people from all over the world.
- Fantastic trainings available all the time
- Good internal knowledge system
- Wonderful thing to have on a CV

Cons

- Extreme split between consulting and knowledge staff often makes the job miserable as a researcher. Working with insecure, rude 22 year olds gets tiring, and there are no ways to provide feedback and rude personnel if you are not a consultant.
- The idea of "one firm" is a good one, but not reflected in actual policies. No relocation flexibility for Knowledge staff means McKinsey will continue to lose the best and brightest researchers who dont want to work in the suburbs.
- Lots of work and little rest, but that goes without saying :)

Advice to ManagementAdvice

Get serious about your people. All of your people. The majority of your workers are not consultants, and they are reminded of this every single day. The value-add and brilliance of McK projects often comes from researchers, who are made to feel second class and the best ones leave.

Recommends
Positive Outlook
Approves of CEO

985 Other Employee Reviews for McKinsey & Company (View Most Recent)

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  1. 2 people found this helpful  

    Marvin Bower should be turning in his grave

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

    I have been working at McKinsey & Company full-time (more than 10 years)

    Pros

    Good salary and benefits
    Highly intelligent and capable co-workers, although many are insecure overachievers
    Interesting and challenging work for consultants

    Cons

    Horrible work-life balance
    Non-consultants are second class citizens
    1,000+ partners who each expect to be treated as king/CEO
    A business management consulting company that is woefully ignorant of its own management problems

    Advice to ManagementAdvice

    McK is straying further and further from its core values and the late Marvin Bower would be appalled at the current state of things. There is no more "One McKinsey"; it's more like "A Tale of Two Cities" between consultants and non-consultants and the firm's annual Values Day based upon Marvin's core values is sheer hypocrisy at this point. Too many seven-figure senior partners nevertheless still consumed by greed and Rajat Gupta is only a symptom of a more widespread problem at the top of the firm. Non-partner senior managers under enormous stress and workload to attempt to placate the endless demands of partners who all want immediate attention and special treatment and the rules to apply to everyone but them. Even junior level staff are expected to work long hours and be available 24/7 despite having no bonus opportunity ("prod pay"). In general, non-consultants are viewed as nothing but a cost center to be eradicated wherever possible with remaining members expected to put forth Herculean efforts for the sole privilege of working at McK. .

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 2 people found this helpful  

    Best possible experience right out of school

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

    I worked at McKinsey & Company full-time (more than an year)

    Pros

    Incredible people (both talented and caring -- though of course there are always exceptions), steep learning curve, real company values, best possible preparation for future business environments (not to mention exit opportunities) that one could ask for

    Cons

    Work-life balance is obviously tough with 4 days+ weekly travel and highly variable project hours, though it can be managed by working with the right people and in the right functions; it is a large corporation at the end of the day, so it's a little tough to flex your 'entrepreneurial' muscles

    Recommends
    Neutral Outlook
    No opinion of CEO
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