McKinsey & Company

  www.mckinsey.com
  www.mckinsey.com

McKinsey & Company Reviews

These reviews contributed towards 2010's Best Places to Work recognition. See ratings and reviews for all time.
55 Reviews
4.1
55 Reviews
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
49 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.  

    amazing opportunity if you like being challenged and capable of working under pressure

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

    I have been working at McKinsey & Company

    Pros

    Great career opportunities, surrounded by highly motivated capable people and the chance to work on the most exciting problems

    Cons

    Significant travel; constant pressure to perform and up or out culture

    Advice to ManagementAdvice

    N/A

    Recommends
    Approves of CEO
  2. 8 people found this helpful  

    Working at McKinsey is a bit like being manic depressive - the highs are phenomenal but the lows are awful

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate Principal in Atlanta, GA
    Current Employee - Associate Principal in Atlanta, GA

    I have been working at McKinsey & Company

    Pros

    Professional development is outstanding - both formal training courses and the on-the-job type learning you get from your teams. The people you work with are very smart and motivated and you can depend on them. You get to work on companies' biggest issues and have incredible access to people at all levels. When it is good - there is nothing better.

    Cons

    The lifestyle is pretty awful and as you progress upwards, it becomes harder and harder to do anything apart from work. The review process is brutal. You will come across team leaders (from engagement managers up through partners/directors) who are pretty crap at the people stuff - eg., respecting lifestyle, motivating and developing people.

    Advice to ManagementAdvice

    Ensure consistency across offices, practices and countries in the review process.

    No opinion of CEO
  3. 2 people found this helpful  

    Great people, training ground and fantastic network

    • 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

    - Fantastic on-the-job and dedicated off-site training (focus on soft skills and problem-solving process)
    - Genuinely nice people to work with
    - Exposure to to Fortune 500 clients and most important strategic issues
    - Well-maintained and powerful alumni network
    - Useful brand name on your resume, opens doors in most business sectors

    Cons

    - Work/life balance can be hard to sustain
    - Travel internationally can limit time in home office
    - Types of projects not always ideal to consultant's career path (e.g. Healthcare projects are popular in 2009 though Financial Services aligned consultants may not want to be in that sector)

    Advice to ManagementAdvice

    - Focus more universally on apprenticeship model
    - Maintain meritocratic, team-based culture

    Recommends
    No opinion of CEO
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  5.  

    Great place to start a career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Engagement Manager
    Former Employee - Engagement Manager

    I worked at McKinsey & Company

    Pros

    The place believes in it's values and attracts great people all over the world. At lower levels, when it's at it's best it's a real meritocracy. There's an incredible amount of time and thought given to development and training.

    Cons

    Travel can be intense. Lifestyle tends to suck.

    Advice to ManagementAdvice

    Figure out a way to make the work-life balance more sustainable.

    Recommends
    No opinion of CEO
  6. 2 people found this helpful  

    Amazing opportunities but sacrifice your life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate Consultant in Florham Park, NJ
    Current Employee - Associate Consultant in Florham Park, NJ

    I have been working at McKinsey & Company

    Pros

    Incredible training opportunities, wide-based exposure, best-of-the-best respect/efficiency/thinking, ability to be around very smart and driven people constantly trying to improve, exposure to best in new thinking on a variety of topics, access to reams of data and past analysis which lets you very quickly jump into something, access to experts with diverse and deep experience on almost every topic, will make you an amazing strategic thinker who can consider almost every possible nook and cranny

    Cons

    Work-life balance is terrible, sometimes they feel the need to do every single possible analysis when it's just not necessary (time wasting), not common to be told "good job" so you must get used to always killing yourself and always being stressed with little return except for the resume and potential promotion

    Advice to ManagementAdvice

    Partners often push for more analyses than necessary, very hard to maintain relationships with constant new staffing (partners need to try to maintain relationships better), place could become a bit more "human" for example people greeting each other in the hallway

    Recommends
    Approves of CEO
  7.  

    Great job for fresh graduates

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

    I have been working at McKinsey & Company

    Pros

    Brand name
    Exposure to senior clients at a very young age (esp for fresh graduates)
    Work with bright people

    Cons

    Instability in terms of staffing assignments
    Frequent travel
    Some partners may not define scope of project well

    Advice to ManagementAdvice

    Ensure clearly defined scope of project before committing
    Give sufficient ramp-up time to newbies (e.g. may want to confirm staffing earlier)

    Doesn't Recommend
    No opinion of CEO
  8. 3 people found this helpful  

    SBA review of McK

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

    I have been working at McKinsey & Company

    Pros

    Exposure to top managers at the world's leading companies, high levels of responsibility from day 1, great co-workers

    Cons

    Hours can be long, pressure to join projects you aren't interested in, can be very political

    Advice to ManagementAdvice

    Be more transparent with BAs and associates on the current state of the firm

    Recommends
    Approves of CEO
  9. 2 people found this helpful  

    Good Launchpad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Analyst in Boston, MA
    Former Employee - Business Analyst in Boston, MA

    I worked at McKinsey & Company

    Pros

    McKinsey has a great brand name, great for resume building, and will open a lot of doors while you get to learn a lot helping some top tier companies out

    Cons

    The primary downside is that relative to what you can make in banking or finance (pre-2008 meltdown) you don't get paid very well. The other downsides are that you sometimes do a lot of work and at the end of the day the client can end up ignoring your recommendations all-together. You rarely get to see anything concrete happen. Also, what you're doing is often ambiguous and feels very fluffy - some people are ok with this, I was not though.

    Advice to ManagementAdvice

    Senior management plays no role in your life there as everything is project based.

    Recommends
    No opinion of CEO
  10.  

    Great learning and advancement opportunity; challenging life style

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Engagement Manager in Atlanta, GA
    Former Employee - Engagement Manager in Atlanta, GA

    I worked at McKinsey & Company

    Pros

    Steep learning curve, rapid career advancement - expect to be promoted and have sizable compensation increase every two years, exposure to top management, bright colleagues, opportunity of international career, reputation. Compensation and benefits are definitely above industry average, but in my view in line with the expected life style (see below)

    Cons

    Constant up or out pressure adds a lot of stress to the job. Work life balance very challenging - in some offices one is expected to be out of town at least 4 days a week; very long working hours and more often than so work on the weekends.

    Advice to ManagementAdvice

    More actionable feedback

    Recommends
    Approves of CEO
  11.  

    Feeble review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Engagement Manager
    Current Employee - Engagement Manager

    I have been working at McKinsey & Company

    Pros

    Outstanding career development opportunities. Great compensation and all round a wonderful place to work.

    Cons

    work life balance can be challenging. Clients can be a pain. Sometimes it is unclear how to be successful. There are some elements of luck in succeeding.

    Advice to ManagementAdvice

    You guys rock! Hard.

    Recommends
    Approves of CEO

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