McKinsey & Company Reviews | Glassdoor

McKinsey & Company Reviews

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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 73 reviews)

  • Great place to work with super smart people and good benefits (in 147 reviews)

Cons
More Pros and Cons

  1. "Get paid at McKinsey"

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

    Pros

    Salary is pretty good compared to other companies in the industry. The consulting industry in general pays well but McKinsey is close to the top.

    Cons

    Work, life balance is not the best. But this can be expected in the consulting industry.

    Advice to Management

    Continue to bring in MBA's from schools outside of the top 10. We are missing out on a lot of strong candidates.


  2. Helpful (6)

    "No pain no gain"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in San Francisco, CA
    Former Employee - Associate in San Francisco, CA
    Recommends
    Approves of CEO

    Pros

    Hard and soft skill-building, and the people. You will get up to speed very quickly on how to use excel and powerpoint so well you could write the manuals. You will gain confidence in your own voice/thoughts and contribute to every problem that you see, even outside of McKinsey. The camaraderie when you're "in the trenches" develops because you are eating and working with your team about 14-18 hours a day. Above all the people in McKinsey are a joy to be around and very, very decent. Even people at your level are interested in helping you succeed and learn. So, to sum it up: hard and soft skills, and people.

    Cons

    McKinsey is like joining the marines. You will develop in many ways, but your personal relationships outside of the bubble will suffer, especially if they are the kind of relationships that need maintenance -- e.g. fiance, wife, kids, parents, sisters and brothers (FAMILY). Not only should you you go in with these expectations, but so should everyone else. It's just not sustainable any other way.

    At work, your lifestyle is "always on." Always checking email, solving problems, and making slides. I mean, like every second of every hour "always on." It can be hard to develop hobbies this way, and yoru weekends are spent basically recuperating mentally from the nonstop intensity.

    Advice to Management

    Better Web 2.0 communication tools. We do the ideal type of work for these to give us a competitive advantage and make life easier for consultants. Check out basecamp... Lotus Notes is horrendous.


  3. Helpful (4)

    "Amazing and challenging place to work and learn"

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

    Pros

    Amazing learning environment, non-hierarchical workplace that encourages you to take ownership and take as much responsibility as you can handle. You'll find this a caring and nurturing environment. The colleagues you'll find here are a joy to work with and amazingly smart. You'll fit in if you are a driven individual with a thirst to learn and to contribute in a team environment. The hours here are rough and will likely take a toll on your personal life and/or health if not managed well - so just be aware this is what you are signing up for.

    Cons

    Lifestyle is very rough especially if you have a family, 65-70 hours per week (non-slacking off, intense, productive hours)

    Advice to Management

    Generally I loved working here. Lifestyle is tough and should be commnuicated fully upfront, but that type of lifestyle goes hand in hand with this type of job


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  5. Helpful (2)

    "Incredible Place to Work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engagement Manager in Los Angeles, CA
    Former Employee - Engagement Manager in Los Angeles, CA
    Recommends
    Approves of CEO

    Pros

    * The best place in the world to gain broad based exposure to different industries and functional areas for someone just coming out of college or graduate school
    * I met some of the most amazing people I have ever worked with here. People come from very diverse backgrounds (MBAs, doctors, scientists, ex-military intelligence) and are just good people in additional to being so talented
    * Very strong brand that opens up a variety of job opportunities for alumni of the firm

    Cons

    * Maintaining work-life balance is definitely a challenge with the travel schedule. The firm is working to address this but some of it is inherent in the on-site client service model, whch does bring many benefits

    Advice to Management

    Look for opportunities to leverage the franchise you have built to expand into other lines of business such as direct investing and incubating start-ups.


  6. "Accelerate your career as a corporate leader faster than you could anywhere else"

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

    Pros

    Unparralled profressional development -- very strong mentors and both formal and informal mentoring relationships
    Challenging, exciting work that is fast-paced and changes regularly
    High impact work with prestigous clients, solving problems that are top of mind for the CEO and the top team
    More exposure to top executive teams than you would have with other consulting firms, even at low tenure

    Cons

    Long hours and rigorous travel schedule required

    Advice to Management

    Keep encouraging people to explore new ways of working, different from the typical 4 days at the client. 60+ hour weeks


  7. Helpful (2)

    "the best place to be fresh out of college"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Waltham, MA
    Former Employee - Business Analyst in Waltham, MA
    Recommends
    Approves of CEO

    Pros

    terrific place to be. Pays, reputation, learning curve, supportive environment. One of the best names to have on your resume. Train you to become excellent problem solver with structured and efficient approach.

    Cons

    hours are pretty bad. Plus if you have a family, it's even worse. Most of the time, you put a lot of efforts into the work, but it goes underappreciated.

    R&I people may be regarded as second-class citizens, which is in a way discriminating.

    Advice to Management

    Pay more attention to individual's personal development.


  8. Helpful (1)

    "Great place to work, have to sacrifice your personal life"

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

    Pros

    Great place to learn, opportunity to work with CxO, VPs at leading companies on top-of-mind strategic and business problems, terrific network building.

    Cons

    There is lots and lots of travelling involved - teams spend a minimum of 4 days at the client site (many times all 5 days). The work-life balance is not very good - you dedicate your life to McKinsey and clients. We tend to do a lot of stuff which is not necessarily useful or relevant, but many times the leadership does/will not push back on the client or try and focus better to get to the core of the problem.

    Advice to Management

    Mentor better, help lower tenure folks navigate the waters and develop them.


  9. Helpful (4)

    "An incredible place for self-development with smart people, challenging work and a gold-plated name on your resume."

    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

    People are crazy-smart and motivated. You will learn more than you could possibly imagine about leadership at the very highest levels in corporations. The firm is extremely values-based -- if you believe in what the Firm stands for (delivering exceptional value, coaching and mentoring, clients needs are highest needs), you will likely have a great fit here. Firm is extremely open about helping people to use their tenure as a jumping point to the next opportunity. There are no "B" players here. If you seek a position of leadership in any large or small corporation, McKinsey is unparalleled as a place to learn and develop yourself.

    Cons

    You will work extremely hard, and the expectation is that the needs of the client come above any other obligation. The Firm is excellent at giving constructive feedback, but you will rarely get a pat on the back for a job well done. The corporate culture is extremely strong and values driven, however sometimes feels like a cult with endless acronyms and a very crisp, meritocratic style of feedback. Also, while the firm is truly committed to non-hierarchial problem solving (you can argue with a Partner and not get dinged for it), the Firm is unquestionably a very strong hierarchy and this can be a challenge to deal with.

    Advice to Management

    Push harder to adopt new work practices such as the flexible engagement model.


  10. Helpful (15)

    "great resume builder...for a price"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in San Francisco, CA
    Current Employee - Associate in San Francisco, CA
    No opinion of CEO

    Pros

    Great brand/pedigree - nuff said
    Lots of choice - geographic, industry sector, functional area; opportunity to try thing you never have before

    Cons

    The subject matter - companies rarely if ever (almost by definition) outsource their core competencies to outsiders, so don't expect to work on product strategy at a product-driven company, for example -- and there is too much unfulfilling HR and IT-related work to go around
    The work itself - it is ALL about the slides. If you don't relish making PowerPoint slides for most of your waking hours, most of which will end up never seeing the light of day, then this might not be the place for you. I felt the interview process emphasized intelligence and the job itself emphasized graphic design/layout skills
    The hierarchy - any company that is truly non-hierarchical doesn't need and official written corporate policy touting it
    Lifestyle - don't expect a life outside of work
    Chance - early assignments can be somewhat arbitrary, so extra initiative is needed on your part to ensure you're working on the type of stuff you want to and with the people you like (and choosing people you fit with early on is very important)
    Drive to specialize - the earlier you specialize, especially with respect to a client, the faster you will advance although you won't get to "see the world" as much

    Advice to Management

    Emphasize thinking, originality, and creativity over pretty slides and senior management 'hypotheses'


  11. Helpful (1)

    "Great place to get a start"

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

    Pros

    Top notch people: some of the smartest people I've worked with and very down to earth. The external view is that McK folks are arrogant but that is not at all the case
    Interesting work: You work with the top companies, with the top management on the most important issues. The economics of an engagement dictate this. This makes for very interesting work but also makes it a very demanding job

    Cons

    Long hours, travel can add on to the number of hours and staying away from family takes a toll on you

    Advice to Management

    Communicate.. communicate communicate