McKinsey & Company Reviews | Glassdoor

McKinsey & Company Reviews

Updated February 24, 2017
2,001 reviews

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4.3
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Pros
  • challenging work, steep learning curve, best first job ever (in 70 reviews)

  • Get to work with really smart people (in 136 reviews)

Cons
More Pros and Cons

  1. "A great place to start your career."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Palo Alto, CA
    Current Employee - Business Analyst in Palo Alto, CA
    Recommends
    Approves of CEO

    Pros

    Development, exposure to several industries and job functions, feedback

    Cons

    Often work long hours and have to put in a lot of effort to have good work-life balance. The plus side is that it is possible.

    Advice to Management

    I would give the feedback that they are doing a great job. Keep inspiring and motivating your teams.


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

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Chicago, IL
    Current Employee - Business Analyst in Chicago, IL
    Recommends
    No opinion of CEO

    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 Management

    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.


  3. Helpful (1)

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

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

    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 Management

    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.


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  5. "Don't even hesitate. Working here will the best move you ever make"

    Star Star Star Star Star
    • 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
    Recommends
    Approves of CEO

    Pros

    Personal development
    Surrounded by exceptional people
    Ability to pursue what you are passionate about
    Extreme openness and frankness about feedback
    Incredible training courses
    Genuine abilities to travel within the company
    Vast variety of client work - sometimes like a new job every three months
    It is never dull - as you start to master a role, you are promoted

    Cons

    Long hours
    Occasional lack of walking the talk, but less than at the clients
    Lower salary than we could earn elsewhere, but then we're not here for the money
    It is a high pressure environment - you have to be prepared to set your own boundaries and stick to them, but you can do it.

    Advice to Management

    Be all we can be. We set the highest aspirations, come so close to reaching them, which makes the odd failing even more conspicuous.


  6. "Brilliant People, great company."

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

    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 Management

    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.


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

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

    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 Management

    Not much. They are doing pretty good job.


  8. "Got intellect?"

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

    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 Management

    Keep up the good work.


  9. "Amazing institution to be a part of"

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

    Pros

    Outstanding opportunities for personal and professional growth. Terrific colleagues - nice, collaborative, smart. Always working on topics that are interesting and important

    Cons

    Missing dinners at home 3 evenings on most weeks

    Advice to Management

    Keep it up - Firm is heading in the right direction


  10. Helpful (1)

    "Great company to start your career"

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

    Pros

    Great opportunities, especially for starting out in a career and for college grads right out of school.

    Cons

    Schedules can be trying, you have to get used to the hours and traveling (as in any consulting job probably)

    Advice to Management

    Generally top quality


  11. "First-class organization offering great professional development opportunities & employee benefits."

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

    Pros

    Incredibly smart people, amazing professional development opportunities and the best benefits package around. For non-consultants, work-life balance is attainable. The firm is very accomodating for those with family and other personal situations. The diversity within the firm is truly impressive. I worked with people from all over the world on a daily basis. A truly global organization with a global focus - not a US firm with overseas offices. Creativity and innovation is rewarded.

    Cons

    Compensation for non-consulting staff is just OK. The more senior you get, the less opportunity is available. Takes a long time to acclimate to the distinct McKinsey culture, but it is worth it. McKinsey has it's own style of writing, speaking, presenting, etc. Until you sound like one - you will not be accepted as one.

    Advice to Management

    Review succession planning strategy for non-consulting staff.



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