McKinsey & Company

  www.mckinsey.com
  www.mckinsey.com

McKinsey & Company Reviews

These reviews contributed towards 2009's Best Places to Work recognition. See ratings and reviews for all time.
37 Reviews
4.0
37 Reviews
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
33 Ratings

Review Highlights

Pros
  • Very smart people to bounce thought off and get new angles that you haven't thought of (in 67 reviews)

  • Great people to work with, get to learn a lot from colleagues as well as senior leadership (in 26 reviews)


Cons
  • You have to have a lot of self discipline to keep work life balance reasonable (in 174 reviews)

  • Very long hours and a very high pressure environment leads to continual stress (in 175 reviews)

More Highlights

Employee Reviews

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  1. 7 people found this helpful  

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

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

    I worked at McKinsey & Company

    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 ManagementAdvice

    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.

    Recommends
    No opinion of CEO
  2.  

    Got intellect?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate in Boston, MA
    Current Employee - Associate in Boston, MA

    I have been working at McKinsey & Company

    Pros

    You are surrounded by incredibly bright people and get to work on the toughest problems in management. There cannot be a better place for those who are thrilled by intellectual challenge and care to have an impact on the world around them.

    Cons

    Consulting does not lend itself to the best lifestyle. This would be true at an consulting firm. The incredibly smart people around you can be a little nerdish as well.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Approves of CEO
  3.  

    The best place to learn and grow!

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

    I have been working at McKinsey & Company

    Pros

    New challenges everyday that make you learn viable skills for your future

    Cons

    Small firm with up or out attitude

    Advice to ManagementAdvice

    Always appreciate and reward the amount of work going on around you

    Recommends
    Approves of CEO
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  5.  

    Brilliant People, great company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Consultant in New York, NY
    Current Employee - Consultant in New York, NY

    I have been working at McKinsey & Company

    Pros

    Great company, great atmosphere, great facilities.

    Cons

    Too many cliques have formed. People don't seem to genuinely like to talk to others.

    Advice to ManagementAdvice

    For new comming associates, have a day where they go around the office and meet everyone, or have a orientation in front of the everyone in the office so they can be familiar with faces.

    Recommends
    Approves of CEO
  6.  

    If you want to prove you are smart, the right place to be.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate in Cleveland, OH
    Current Employee - Associate in Cleveland, OH

    I have been working at McKinsey & Company

    Pros

    Bright ambitious people. Huge career growth. Great brand name.
    Mckinsey is chosen by people who decide that they want to sacrifice some part of work life balance for a quick growth in their career. It does not disappoint these people. The opportunities are great. You are exposed to a whole set of different industries very early in your career. You are expected to exhibit qualities to be able to connect with the senior client leadership.
    After you leave McKinsey, you have plenty of opportunities. There are a lot of international opportunities too, with the brand name of the firm.

    Cons

    work life balance. Bar for recognition very high. People work like crazy.

    Advice to ManagementAdvice

    Not much. They are doing pretty good job.

    Recommends
    Approves of CEO
  7. 1 person found this helpful  

    Exceptional training ground for aspiring executives, fun but tough/challenging work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY

    I have been working at McKinsey & Company

    Pros

    Great place to grow and develop as a business person. Truly exceptional network of highly motivated people who will either stay to be partners (and therefore continue to be tapped into the forefront of what's going on in different sectors, since it's their jobs) or more likely will go on to do interesting things in other industries/companies. Fun and challenging to (more often than not) tackle interesting questions that are important to whichever client hired you. Great way to learn more about leading companies from a quasi-insiders' perspective and understand how their management thinks.

    Cons

    Tough work-life balance, no matter what industry/functional focus you take. This goes hand-in-hand with any service-oriented job, and especially one where the bar with clients and internally (partners, colleagues, consultants themselves) is so high. However, the compensation level (in general) is significantly below other opportunities people who work at McKinsey usually have/had (banking, PE, hedge fund, start-up), although compared to 'an average job' and corporate, obviously it's quite good. Can take awhile to see actual impact for your work, if you ever do, and can feel sometimes as if you're just creating powerpoint slides that will sit on an executive's desk

    Advice to ManagementAdvice

    Focus less on thinking forward to the next study and ensure that you are actually meeting the clients' needs on the current study. Make sure your teams' recommendations are truly actionable and clear. Spend more time personally meeting / tapping the pulse of individual non-partner consultants to ensure you keep in touch with the way the population is feeling about their experiences, level of impact, etc.

    Recommends
    Approves of CEO
  8. 1 person found this helpful  

    Sacrifice a year or two of your life to set yourself up for the future

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate in Palo Alto, CA
    Former Employee - Associate in Palo Alto, CA

    I worked at McKinsey & Company

    Pros

    One of the best places to learn, every minute of every day

    Cons

    You don't have a life

    Advice to ManagementAdvice

    Less travel would be very welcome. And don't make all the single young men travel just because they don't have kids or a family... they have a life, too

    Doesn't Recommend
    Approves of CEO
  9.  

    Overwhelming at times, but worth it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Associate in Seattle, WA
    Current Employee - Senior Associate in Seattle, WA

    I have been working at McKinsey & Company

    Pros

    A challenging, fast-paced atmosphere with an emphasis on problem-solving and people development. Drinking from the firehose is the norm here; every time you think you've mastered the things that are asked for you, there's a whole new set of opportunities and challenges waiting for you.

    Cons

    Work-life balance is problematic given the amount of travel that's involved. When you're staffed in-town, the hours are long, but they're better than banker hours and probably better that lawyer hours, too -- very little to no weekend work is expected. However, when you are staffed out of town, you can plan on being away from home and family 3 nights a week for 2-6 months. Starwood points and airline miles are the only consolation for the extended separation.

    Advice to ManagementAdvice

    Keep pushing on adherence to Engagement 2.0 -- the set of tools and norms that are meant to increase team effectiveness and quality of life.

    Recommends
    Approves of CEO
  10.  

    McKinsey is a great place to work at

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Analyst in San Francisco, CA
    Current Employee - Business Analyst in San Francisco, CA

    I have been working at McKinsey & Company

    Pros

    McKinsey provides strong networks and great exit opportunities for its employees. Problem-solving is truly non hierarchical, mutual respect and trust is strong. Flexibility with leave is good. Excellent colleagues to work with.

    Cons

    Work-life balance while on projects is difficult to manage. Uncertainty in location makes it difficult to maintain relationships, keep in touch with friends or plan for gatherings/social events ahead of time. Company treats you so well that many entrepreneurs turn risk averse!

    Advice to ManagementAdvice

    Two major recommendations:
    1. Work-life balance must become far more sustainable if McKinsey is to retain its top talent (Engagement 2.0 is only a first step)
    2. Salary structure is too top heavy -- it would serve McKinsey to share its wealth down the pyramid more.

    Recommends
    Approves of CEO
  11.  

    Best place to launch a career if you're willing to get less sleep than your peers (unless they are bankers)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Analyst in Chicago, IL
    Current Employee - Business Analyst in Chicago, IL

    I have been working at McKinsey & Company

    Pros

    (This is about the 2-year BA program specifically)
    a) Great place to learn a ton of new things across completely unrelated subjects. You're expected to become an in-depth expert in a short period of time throughout every new project and start having executive level conversations. b) Everyone is really damn smart and have been quite successful before joining the firm. However not everyone's background is in business, which is the best part. I've met philosophy PhDs, MDs, entrepreneurs, lawyers, and of course plenty of fresh college grads. c) People leave McKinsey and succeed in all sorts of career paths (again, not necessarily on the business side). This makes for a great alumni network you could leverage to make your next steps.

    Cons

    Lifestyle is tough. The firm culture is strong on travel and you'll find yourself away from home most Monday-Thursdays. Some late nighters here and there if you're on a short and intense project. However, weekends are consistently free as people generally do view them as sacred.
    The staffing process could be more transparent. Available projects are silo'd across major geographic regions even though the firm frequently staffs at a nationwide, sometimes worldwide level.

    Advice to ManagementAdvice

    Have staffing information flowing firm-wide.

    Involve some BAs and Associates in technology decisions, as we are the heaviest users and may have very different usage patterns from the leadership.

    Recommends
    No opinion of CEO

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