McKinsey & Company Reviews | Glassdoor

McKinsey & Company Reviews

Updated August 18, 2017
2,240 reviews

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4.3
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Pros
  • Steep learning curve with a supportive team environment, feedback heavy culture that is focused on strengths based personal development (in 75 reviews)

  • Working with really smart people (in 151 reviews)

Cons
More Pros and Cons

  1. Helpful (84)

    "Grateful to have been there, just as grateful to have left"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engagement Manager (Previously Associate) in Houston, TX
    Former Employee - Engagement Manager (Previously Associate) in Houston, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at McKinsey & Company full-time (More than 3 years)

    Pros

    + People - both colleagues and most clients
    + Learning opps - both in terms of the consulting toolkit but also for the opportunity to get exposed to different industries, functions and geographies
    + Option value - great launching pad for career switching (pre-McK, I was in oil and gas in Houston, post-McK I'm in edtech in the Bay Area)
    + Alumni network - incredibly well-placed and people are actually super-responsive to asks for help
    + Brand recognition - helps in the jobs marketplace
    + Travel opps - if this is important to you

    Cons

    + Lifestyle - enough said
    + Success/failure at the Firm is highly dependent on luck -- a lot really depends on the luck of the draw with respect to staffing. You want to be staffed on the right project with the right team at the right time. The Firm does its best to give you a fair shot, but a fair number of people fall through the cracks.
    + Nature of consulting -- eventually you might get tired of providing advice and want to actually build stuff.
    + People are uber-rational -- in MBTI parlance, almost everyone is an ''NT". It creates a very logical / rational culture - you need to make sure you can fit into the culture.

    Advice to Management

    Keep innovating to provide a strong value proposition to both clients and staff - not always an easy balance, but necessary given all of the disruption we're seeing in the consulting industry.


  2. "Great learning experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Dallas, TX
    Former Employee - Associate in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at McKinsey & Company full-time (Less than a year)

    Pros

    Great HR dept, wonderful career prospects and you'll be around a lot of brilliant minds

    Cons

    Long work hours and tough work life balance

  3. Helpful (1)

    "Good lot of perks"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at McKinsey & Company full-time (Less than a year)

    Pros

    It has a lot of perks, good benefitts, avarage salaries for IT

    Cons

    Use old technologies, not good to be up to date with technology. You will get out dated if you work in IT

    Advice to Management

    be good with your employees they will thank you for it


  4. Helpful (2)

    "Best of the best for a reason"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at McKinsey & Company full-time (More than 3 years)

    Pros

    Amazing people and unparalleled growth opportunities in a very short amount of time. The culture is centered on strengths-based and actionable feedback, and people are driven to help each other succeed. Plus, the benefits are amazing.

    Cons

    Travel can be a major downer, and everyone should be aware of this going in. There's a very good reason that the firm is heavy on younger professionals - because they can handle the tempo of flying around every week.

    Advice to Management

    Keep yourself at the frontier of what's going on in management consulting. The industry is shifting and disruptive trends will make this firm look very different 5-10 years down the road.


  5. Helpful (5)

    "Definitely lives up to its hype; it's called "The Firm" for a reason"

    StarStarStarStarStar
    Current Employee - Business Analyst in San Francisco, CA
    Current Employee - Business Analyst in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at McKinsey & Company full-time

    Pros

    - Incredible senior client exposure even as a Business Analyst (especially now BAs are considered parallel to Associates -- i.e. firm hierarchy pyramid-wise, they are at the same level; just different salary)
    - Unparalleled brand and exit opportunity; expect headhunters to bombard your LinkedIn inbox all the time
    - If BCG's health insurance coverage is a Cadilliac plan, McK's health insurance is a Lamborghini plan
    - Generous reimbursement policy and company benefits, like an outing to a luxury Cabo resort where you can even bring +1
    - Actually interesting, high-level cases, which you won't find at any other firm, that are super high impact (NYT/WSJ headline-level)
    - Very much dedicated to LGBT issues and takes a progressive, inclusive stance to act as "an agent of change" given its influence
    - Jaw-dropping group of colleagues who come from all walks of life and have a unique "sparkle" of their own -- ranging from Olympians to serial startup founders
     - Well-respected McKinsey's iconic, historical value system; Values Day is a good example of how everyone at McKinsey has Firm values deeply ingrained
    - Despite its big size, it still remains uber-entrepreneurial and innovative. In the consulting world, other firms tend to look up to McK and benchmark our evolving business model and best practices
    - Have you ever heard of Search Time? Basically 4+ weeks of paid time off for your job research as you prepare to leave McK. It's an incredible benefit
    - Mind-blowing McKinsey proprietary problem solving toolkit and processes; also tons of McK IP and researches, often done in collaboration with the world's leading organizations
    - Equinox and SoulCycle discount

    Cons

    - Our Firm-formatted slides look ugly and seem depressingly out-of-date like my grandma's 80s style sofa. Style guide could use some hardcore upgrade for a more modern, cleaner look. Maybe LUNAR could help
    - 20% coinsurance for PCP visits doesn't make sense at all given Urgent Care/ER copay is zero
    - More serious efforts needed to improve WLB; whatever we are doing now is not enough to make a palpable impact
    - Time sheet norms should be relaxed; creates unnecessary stress and pressure
    - Some expense policies and benefits lag a little behind those at BCG (receipt threshold, business class policy
    - Sexy cases generally entail considerably worse lifestyle
    - Can we less aggressively sell due diligence cases?
    - R&I could use some back-end upgrade to be more.... useful


  6. "Great Company to work for"

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

    I have been working at McKinsey & Company full-time (More than 5 years)

    Pros

    Many learning and growth opportunities, very smart people to work with, possibility to work in many industries and functions

    Cons

    Lots of travel involved in the job, long hours making lifestyle not sustainable over the long term.


  7. "General Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at McKinsey & Company full-time

    Pros

    Amazing culture, fantastic people, everyday learning

    Cons

    Lots of travel , pretty fast paced

    Advice to Management

    Keep up the amazing work

  8. "Manager"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

    I worked at McKinsey & Company full-time

    Pros

    Very smart people to work with of varying backgrounds and the firm has a global reach and influence with c suite executives

    Cons

    Competitive work environment with a lot of travel; it's fun the first few years but begins to wear on you after the first couple of years

    Advice to Management

    Consider further diversifying talent by not relying too heavily on recruiting from the MBA crowd or those who derive from the Ivy League


  9. "Percs of working at mckinsey"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Houston, TX
    Current Employee - Business Analyst in Houston, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at McKinsey & Company full-time (More than a year)

    Pros

    I like the pat first and foremost. The qork environment is great. Example ought support to noture you. You work in a team of 4-5.

    Cons

    long hrs and challenging and also allot to learn


  10. "Solutions General Manager (Band 4, AP equivalent)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Solution General Manager in New York, NY
    Current Employee - Solution General Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at McKinsey & Company full-time (More than 5 years)

    Pros

    You can truly carve your own path in this firm--traditional or not.

    Cons

    Depending on who you work with and which geography, which client, you may be in for an uncontrollable time-sucking life style. But you can pick people you love and things you are passionate about to energize yourself.

    Advice to Management

    Stop pretending this is a non-hierarchical institution. Honesty is better than fairytales.


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