McKinsey & Company Reviews

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  1. Helpful (3)

    One of the best for work life balance...if you don't care about making partner

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

    Pros

    McKinsey is undoubtedly one of the greatest firms today. My colleagues are some of the brightest people I've ever met, we work on relevant business issues, clients are Fortune 500 and the company overall is pretty well run. People development is particularly great here with stellar training programs at various stages of tenure. They are also very serious about the phrase "make your own McKinsey" and are very understanding when it comes to carving out your own role as long as it continues to add value in some way to the firm.

    Cons

    There is a big difference between roles in the partner path and the non-partner path. If you choose to be on the partner path, it is extremely difficult to balance work and personal life given the demands of client-related travel. There is tremendous pressure obviously to be there for our clients no matter what. If you choose to take a role in the non-partner path, work life balance is excellent and they are very supportive and understanding of flexible work arrangements (part-time, contracting, project-based, etc...) but you sacrifice a lot in terms of developing yourself as a professional. Also, from a corporate culture standpoint, I've found some of the people here (especially the more senior ones) a bit stand-offish and socially awkward.

    Advice to Management

    Do more of what you preach to clients. Sometimes it seems as if we advise our clients one way and then act another way within the firm. McKinsey has a very strong values system and history which has almost bound it in some ways so that partners are unable to adapt to other ways of operating and changing this model to serve clients.


  2. For youner professionals

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engagement Manager in Atlanta, GA
    Former Employee - Engagement Manager in Atlanta, GA
    Recommends
    No opinion of CEO

    Pros

    Exposure to varied busniess issues and senior leadership at clients

    Cons

    peers and seniors who think the end of the life is powerpint page and manage by check list given lack of real experience

    Advice to Management

    still a great place but withhigher proportion of people who make partner but really are fakes who make it by being maniacal about checking a list rather than true ability


  3. Helpful (1)

    Great firm -- Great career.

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

    Pros

    The people who work here are brilliant. They are professional, insightful and able to impact any organization with whom they work.

    Cons

    As a junior person, it can be frustrating to work hard on a project but leave without seeing its impact or implementation. There is an "itch" that develops in junior folks to do something other than simply give advice. That itch prompts many people to leave the firm for operational roles.

    Advice to Management

    Senior leadership should provide greater transparency to junior folks on broader firm strategy as well as a little more guidance early on on specialization


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  5. Helpful (2)

    Awesome place - particularly early in a career

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    No opinion of CEO

    Pros

    Emphasis on personal and professional development that you just don't get elsewhere. Opportunity to work with ridiculously smart people and with leading companies in the world. A fantastic grounding for future management roles

    Cons

    Relentless pace of work and unwillingness of senior leadership to ever say no to clients means that it's a tough place to be and have a good work/life balance.

    Advice to Management

    The business model of taking smart young things who are eager and can analyse well, but have no real industry experience is being challenged. You are going to have to develop an organisation with more and more expertise in specific industries, but that in itself is a less attractive proposition to the bright young things. It's a tough quandry


  6. Helpful (1)

    Great place to start a career

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

    Pros

    Great ppl, stimulating work, depending on your role and interest can be very impactful. meaningful skill set that is applicable in many settings

    Cons

    Long hours with lots of travel, lots of theory with little actual implementation experience. many experts are knowledgeable academically however have not actually implemented their own advice

    Advice to Management

    continue with the opportunities you give your employees, you treat them well. it's a tough business. dont be afraid to share bad news with your subordiantes


  7. Helpful (20)

    "Terrible place to waste your life"

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Principal in Detroit, MI
    Current Employee - Associate Principal in Detroit, MI
    Doesn't Recommend
    Disapproves of CEO

    Pros

    - Looks good on resume - Learn how to make up stuff, look good - Learn how to navigate company politics

    Cons

    - McK consultants lack integrity / honesty; they consistently try to prove their "hypothesis", often rejecting facts/data to the contrary. - At AP level your chances of being elected partner depend on who your clients are and who your friends are at the firm. To be elected, you will need to kiss ass to at least a few directors, accept all the work you can physically handle, take credit for things you didn't actually do (in McKinsey speak, this is called "leverage"), and create a 'story' around your election 'platform'. A director recently put it to me this way ... "you need to draw that target around the arrow." Election has nothing to do with upward feedback, performance. - McKinsey partners prey on weak and insecure managers. I've seen partners discuss who is weakest and most insecure, and scheme to take advantage of the situation - McKinsey has a 'core client' policy that favors selected clients over others. Clients that are not 'core' will get second rate consultants on their studies ('core client' study managers get first pick at staffing a study)

    Advice to Management

    - Bring back honesty and integrity to the consulting profession - Respect your clients; learn to be more humble - Respect your associates/BAs/EMs.


  8. Great place to work

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

    Pros

    Great brand name, lots of training and a strong focus on development, access to some of the best business knowledge / processes / systems around

    Cons

    For those not on the consulting side of the firm, there is always a feeling that you're 'second tier' to the company (granted, you are...)

    Advice to Management

    There is a clear path up the ranks on the consulting side, it would be nice to see some of the same on the non-consulting side.


  9. Great place to work

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

    Pros

    McKinsey is a terrific place to work. The company treats its employee extremely well, with very competitive salaries and benefits packages. The people who work there are friendly, down-to-earth and hard working.

    Cons

    The only negative I can think of about McKinsey is that it sometimes takes a long time to make a decision. This is not entirely a negative, as it is a result of everyone's opinion being valued.

    Advice to Management

    Keep doing what you are doing...just watch how many people you hire in difficult times as it is tough on everyone when you have to cut back.


  10. Helpful (36)

    All reputation but zero substance

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Los Angeles, CA
    Current Employee - Business Analyst in Los Angeles, CA
    Doesn't Recommend
    No opinion of CEO

    Pros

    Right out of college, it was fun to fly around and pretend to be a big shot. Looks good to outsiders who are only vaguely familiar with what we do

    Cons

    Most of the hires here are pathetic social climbers Some of the worst brown-nosing and nepotism you'll ever see Too many loud-mouthed pitchmen who are too intellectually deficient to truly contribute Understanding that most of the time what you end up pitching will offer the client no benefit to them whatsoever Despite the prestige, exit options are not good

    Advice to Management

    Nothing really. They've achieved exactly what they've wanted. The Firm has a stellar reputation despite its glaringly obvious incompetence. They are able to recruit well at top colleges and understand to hire the kids who are ambitious but have no real talent. These guys will come to realize that the McKinsey business card is all they have going for them and will fiercely defend the company. It's a brilliant move on the part of management.


  11. Helpful (1)

    Fast paced environment with steep learning curve

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in San Francisco, CA
    Current Employee - Associate in San Francisco, CA
    Recommends
    Approves of CEO

    Pros

    Great place to work to round out and refine an MBA toolkit. Incredible access to coaching and training. Significant responsibilities in leading companies in a very short period of time. Brand has real cache...

    Cons

    Not as much choice over the type of work you want to do as advertised. Once you have a few projects in a given industry/function it can become hard to switch to something you really want to do.

    Advice to Management

    Put a larger emphasis on people leadership when promoting. We lose too many people who start to feel like numbers.


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