McKinsey & Company Reviews

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  1. Helpful (1)

    Great place to work if you don't mind sacrificing your lifestyle

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

    I have been working at McKinsey & Company

    Approves of CEO
    Approves of CEO

    Pros

    + People - Very smart people to work with + A culture that rewards the "go getter" attitude + The best back-office support you will ever get + A wide variety of topics you can work on

    Cons

    - Bad lifestyle - Bad lifestyle - Bad lifestyle Basically investment banking hours for consultant pay.

    Advice to Management

    Need to come up with ways to improve work/life balance


  2. Helpful (1)

    Internal folks (non consultants) perceived as 2nd class citizens

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

    I have been working at McKinsey & Company

    No opinion of CEO
    No opinion of CEO

    Pros

    - great benefits - work with many smart people - prestigious: name is recognized and gets you in the door for future endeavors

    Cons

    - Non consultants are not as important or 2nd class citizens - Don't expect praise for job well done - Don't expect structure - things are done differently office to office - Non consulting managers not well-trained in management

    Advice to Management

    Don't forget about the people who support the consultants. They are important too.


  3. Great name to have on resume, which is useful as most people do not stay at McKinsey long-term

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

    I have been working at McKinsey & Company

    No opinion of CEO
    No opinion of CEO

    Pros

    - Develop good consulting skill sets, in particular strategic thinking and problem solving - Establish a strong network of accomplished professionals - McKinsey is a respected firm by many companies and organizations, and thus is a great name to have on one's resume

    Cons

    - The claim of being a non-hierarchical firm mainly only applies to team problem-solving (though sometimes even in problem-solving it can still get somewhat hierarchical). In all other situations, McKinsey can be very hierarchical - the partners do have a lot of clouts, and can easily decide the fate of any one individual

    Advice to Management

    - There is a need for more transparency in the firm - The outsiders' perception that "McKinsey people" are arrogant and aloof is not totally inaccurate


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  5. McKinsey... the grass is another shade of brown

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

    I have been working at McKinsey & Company

    Approves of CEO
    Approves of CEO

    Pros

    - tremendous breadth of professional opportunities - work with great clients and exposed to senior-most leaders - lots of spg points - united global services status

    Cons

    - difficult trade-offs between work and life - brutal travel (depending on your focus) - the type of leadership at firm that is valued is problem solving leadership, not people or team leadership - significant micromanagement

    Advice to Management

    The system hires very capable people... take advantage of that. Also, spend a few days upfront thinking about the engagement as it will dramatically improve impact delivered and team lifestyle.


  6. Helpful (2)

    ots of untapped potential as a company

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

    I worked at McKinsey & Company

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Flexible work hours, 40 hours a week typically but can easily get to 60+ hours a week which is still good considering the pay.

    Cons

    - Not management not committed enough - Lack of vision and understanding of the market they operate within (naive management style) - Far too many people from a single community - Territorialities and silos - Lack of customer and people focus

    Advice to Management

    If the company bets on hiring a few proven sales people and senior analysts, there would be a change in the perception the clients have of the company. Employee´s morale is really low and people feel underappreciated. There is much potential, please remember that happy employees are committed employees.


  7. tough to get in - 3months process

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

    I have been working at McKinsey & Company

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    - build up your resume as a great stepping stone - acquire problem solving and business skills very fast - great opportunity to learn about many different industries and functions

    Cons

    - lifestyle - long hours (goes without saying) - travel every week no matter what, impossible to keep personal life balanced

    Advice to Management

    - well, Mc Kinsey will keep doing what they do, as it is the formula that works for them and part of their DNA.


  8. Helpful (2)

    McKinsey is boot camp for management skills; tough to endure, but worth it in the long run

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

    I worked at McKinsey & Company

    No opinion of CEO
    No opinion of CEO

    Pros

    Gain experience working on the inside of the worlds biggest companies, become an efficient decision maker, surround yourself with smart colleagues, and leave as a powerpoint ninja.

    Cons

    Long hours, incessant travel, and high pressure are all downsides you might expect from the consulting industry. A bigger downside is that for all of McKinsey's talk of innovation, the firm has a notably monolithic and conservative culture; out of the box thinking is generally not encouraged or rewarded.

    Advice to Management

    The firm should place greater emphasis on measuring client impact, and on understanding and fostering innovation within the firm.


  9. Helpful (1)

    The View from the First Year of Experience”

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

    I have been working at McKinsey & Company

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    You will receive a competitive salary and great opportunities to build your consulting skills and industry knowledge. You will be surrounded by highly motivated colleagues with a passion for client service across the globe.

    Cons

    The work hours are very difficult if you have a lot of family or social obligations outside of the office. I would encourage our leaders to think carefully about the employee value proposition in the current state of the economy and how we compare to peer firms.

    Advice to Management

    I would encourage our leaders to think carefully about the employee value proposition in the current state of the economy and how we compare to peer firms.


  10. Overall - great for early years of ones professional/business experience

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

    I have been working at McKinsey & Company

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Longer term value proposition needs to be carefully thought through and syndicated with leadership to make sure it works. Easier to get lost as one inches towards senior tenure.

    Cons

    Progression somewhat fuzzy and potentially seems inconsistent as you move towards senior tenures. Not open to truly creative/game changing pursuits. Not lifestyle friendly

    Advice to Management

    Standardize progression post EM scale


  11. n/a

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

    I worked at McKinsey & Company

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Fascinating problems, smart people and good compensation

    Cons

    High intensity and long hours

    Advice to Management

    None



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