McKinsey & Company Reviews

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  1. First-class organization offering great professional development opportunities & employee benefits.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Project Manager
    Former Employee - Senior Project Manager
    Recommends
    Approves of CEO

    Pros

    Incredibly smart people, amazing professional development opportunities and the best benefits package around. For non-consultants, work-life balance is attainable. The firm is very accomodating for those with family and other personal situations. The diversity within the firm is truly impressive. I worked with people from all over the world on a daily basis. A truly global organization with a global focus - not a US firm with overseas offices. Creativity and innovation is rewarded.

    Cons

    Compensation for non-consulting staff is just OK. The more senior you get, the less opportunity is available. Takes a long time to acclimate to the distinct McKinsey culture, but it is worth it. McKinsey has it's own style of writing, speaking, presenting, etc. Until you sound like one - you will not be accepted as one.

    Advice to Management

    Review succession planning strategy for non-consulting staff.


  2. Helpful (6)

    Great opportunities, difficult lifestyle

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Chicago, IL
    Former Employee - Associate in Chicago, IL
    Approves of CEO

    Pros

    Great opportunities to engage on projects that are high-level, important and impactful.

    Cons

    The most obvious downside is the lifestyle. Consulting work requires that Associates spend Mon-Thurs day at the client site. This is often requires 2 flights a week and 3 nights in a hotel. During the week it is not uncommon to work from 7 or 8 am until 10 or 11 pm before returning to the hotel. McKinsey is also heavily dependent on Powerpoint presentations to communicate both with clients and internally. While this certainly improves the clarity of discussions it sometimes results in multiple rounds of revisions as each member of the hierarchy seeks to put their stamp on the presentation.

    Advice to Management

    Be considerate of employee's time and desire for a life outside the office. Work/life balance is increasingly important to job seekers and that is really about how hard you work employees on a daily basis and how much time they have for outside interests during the week rather than great maternity and part-time programs that few employees are able to utilize.


  3. Helpful (2)

    Great Perks, Difficult Lifestyle

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    No opinion of CEO

    Pros

    Depending on the area you are in, the work is extremely interesting. Because the work is almost entirely client-based, the company obviously wants to make an impression and protect its image. As such, it is very good at ensuring that employees have the tools/resources they need to do the job. The pay is good.

    Cons

    Hours can be intense and it can be difficult to have a life outside the office. Employees are under constant pressure and this manifests itself in the interpersonal relationship between team members. Not always a connection between skill/ability and role on a team. Overly competitive. Competition combined with stress can create a toxic work environment.

    Advice to Management

    You would get a better performance out of your employees if you appreciated the value of work/life balance.


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  5. Helpful (1)

    McKinsey is a great place to work...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in New York, NY
    Current Employee - Manager in New York, NY
    Recommends
    Approves of CEO

    Pros

    McKinsey is a very challenging environment and there are great opportunities for professional growth. I have been here for many years and have had several incredible opportunities to move forward professionally and feel confident I will continue to grow as a professional here at the Firm.

    Cons

    McKinsey is a very challenging environment, which can lead to long work days. As a result, there can be a slight work/life inbalance at times. However, with a supportive team and manager, this can be managed.

    Advice to Management

    I have no real advice at this time to provide to our senior leadership team, as I feel they are incredibly supportive and encouraging and communicate with the Firm adequately as it relates to firmwide issues or other matters.


  6. Helpful (1)

    Great company to start your career

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst
    Current Employee - Business Analyst
    Recommends
    Approves of CEO

    Pros

    Great opportunities, especially for starting out in a career and for college grads right out of school.

    Cons

    Schedules can be trying, you have to get used to the hours and traveling (as in any consulting job probably)

    Advice to Management

    Generally top quality


  7. Amazing institution to be a part of

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engagement Manager in Chicago, IL
    Current Employee - Engagement Manager in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Outstanding opportunities for personal and professional growth. Terrific colleagues - nice, collaborative, smart. Always working on topics that are interesting and important

    Cons

    Missing dinners at home 3 evenings on most weeks

    Advice to Management

    Keep it up - Firm is heading in the right direction


  8. Helpful (7)

    Work here if you want to make money and be successful - but leave your self-respect at home

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Atlanta, GA
    Former Employee - Associate in Atlanta, GA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Brand name. Springboard for opportunities outside

    Cons

    No work-life balance - you are essentially a slave of the company.

    Advice to Management

    You claim to be a non-hierarchical company, but you are the most hierarchical and suffocating company that ever existed


  9. Helpful (4)

    McKinsey is a great place to be from

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engagement Manager in Chicago, IL
    Current Employee - Engagement Manager in Chicago, IL
    Recommends
    No opinion of CEO

    Pros

    McK will open alot of doors for you. Especially if you want to work at a large Fortune 500 company You will be given a large amount of responsibility at a fairly early tenure in your career. You will be encouraged to take risks and everyone's opinion in the team is valued. You will certainly learn alot Being a 2nd year associate is probably the best job in the world ILW in Kitzbuhl is amazing Constant performance feedback

    Cons

    The result of alot of responsibility and constant performance feedback can be quite crushing on the ego - it seems like its never good enough. Most people at McKinsey are insecure overachievers. So, they place alot of pressure on themselves to have the best answer and after a few years, this pressure can really get to you. It just doesnt seem possible to have a reasonable life outside of work once you make EM. McKinsey is full of really smart people that have accomplished alot. But ultimately, they really aren't that interesting

    Advice to Management

    none


  10. Helpful (2)

    Perfect starting point for many careers, perfect career for the right type of person

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    - Really great people. Every single person I met there was outstandingly bright, and most are personable and fun - Able to work on top management issues from the outset of your career - Huge stepping-stone / door-opener for all sorts of future careers - Usually a positive and collaborative atmosphere on projects, even when working hard - It feels non-hierarchical in that everybody is expected to speak their mind on projects - Usually frequent and useful feedback - very transparent and two-way - Outstanding commitment to quality work - Very good training - A real feeling of shared values, and hence community - Lots of travel and related perks - Variety

    Cons

    - Sometimes crazy hours (70 hrs/week quite normal, 90 not infrequent) - Projects can be in nightmarish locations, with red-eye flights to get there and back - Can be frustrating always being 'on the outside' of the organizations you're consulting to - leading to a nagging feeling that maybe you're not making a difference - Sometimes projects can be poorly conceived, managed etc. - leading to hellish working conditions, and feeling like its a waste of time - Most of the work is designed to deliver shareholder value, so if you're more into changing the world it can sometimes seem empty

    Advice to Management

    - Remember that junior people need to understand how their work fits into the big picture to be truly motivated - Be highly critical of the impact delivered by projects, and how it was delivered - then use that information to keep helping lifestyle improve


  11. Helpful (7)

    McKinsey - Prestigious job until you figure out what you want to do with your life

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Recommends
    No opinion of CEO

    Pros

    McKinsey is first and foremost a prestigious place to work with colleagues with impressive-seeming credentials who similarly often chose it because it impresses friends, family and future employers. McKinsey offers a lot of training and hand-holding and for those reasons, it probably makes an excellent first employer for someone just out of undergrad and, to a lesser extent, out of business school or other graduate program. McKinsey makes a big deal out of encouraging mentoring relationships, which can be very useful if you happen to land with a senior person who takes their role seriously. Otherwise, enjoy the perks and the prestige, do your two years and move on to someone else.

    Cons

    For those with the quantitative skills and financial interest, compensation substantially lags banking. Also, you will find that it's not particularly sophisticated in financial matters, or any other particular expertise. What McKinsey is often selling (or pitching) to clients is the warm, fuzzy feeling that they have hired McKinsey and management will get "comfortable" answers, not necessarily innovative or correct ones. McKinsey is obsessed with frameworks, even as to how to act with basic professionalism, which can be particularly annoying for those who have some work experience (as opposed to people for whom it's a first job). Travel demands in certain groups can be substantial.

    Advice to Management

    Be more realistic about setting expectations and a career path when hiring more senior people. Be less doctrinaire about trying to instill one culture and recognize that you are hiring professional people with different styles.


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