McKinsey & Company Reviews | Glassdoor

McKinsey & Company Reviews

Updated June 24, 2017
2,161 reviews

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2,161 Employee 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 74 reviews)

  • Working with really smart people (in 148 reviews)

Cons
More Pros and Cons

  1. Helpful (7)

    "Be an EA at Another McKinsey Office if Possible"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Assistant in Tampa, FL
    Current Employee - Executive Assistant in Tampa, FL

    I have been working at McKinsey & Company full-time

    Pros

    Great Benefits. Casual environment. Friday lunches paid for by the firm. Kitchen stocked with drinks and snacks. Opportunity for a raise to salary once a year.

    Cons

    Major issues are capacity and relief for EAs. No growth opportunities. (You can move to another position in the service center, but more than likely you will take a major pay cut). If your consultant makes partner, you are encouraged not to move to their region that they work out of and become an in-office EA. Additionally if your consultant becomes a partner and you do not wish to continue to be their EA at the Tampa Service Center, you are encouraged to just accept the position.

    No travel opportunities to help with consultant's needs, unlike the other McKinsey offices around the world.

    Encouraged not to talk about transfers to other McKinsey offices or regions within the Tampa Service Center with the consultants you support, even if you have supported them for a long time and have built a close relationship. The consultants are the last ones to know when a change is happening to their support, and for the most part they generally have no say in the change.

    No professional recommendations can be given once you have left the firm to either work somewhere else or continue your education. This remains true for not only your consultants, but also the managers who you report to. No one is able to comment on your work ethic. HR can only confirm that you used to work for the firm.

    The pay allows you to just barely be able to live on your own, especially if you have student loan payments to make. It can be hard to save money. Many EAs have side jobs, including working as servers in restaurants, or selling things from home, like Mary Kay or LulaRoe, just to be able to save up enough money to spend a little extra on things or create a decent savings account.

    Advice to Management

    Focus hiring on only certain regions and relief.
    Certain regions are more over capacity than others.
    Relief is poorly run. Relief is not treated as a priority when hiring, when it should be. Especially with over 200 EAs that count on relief.

    The management needs to be more transparent and more approachable.

    Issues and questions need to stop being "lost" in the chain of command.


  2. Helpful (3)

    "Creatives and hands-on owners may feel out of place"

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

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

    Pros

    No boss
    Extensive travel benefits
    International work options
    Credibility for young professionals
    Incredible flexibility in range of projects/work
    Clear path to promotion
    Minimal compensation relative to other roles in comparable qualifications pool

    Cons

    Same cons as other client services:
    Need to play the system if you care about reviews
    Pressure to specialize early
    Work with 50% subpar direct managers (EMs) - many control for this by working for the same clusters repeatedly
    Somewhat long hours - 9-2am is not uncommon during the week for interesting work
    Senior leaders are fairly stagnant - would not be role models for innovation except in rare cases when they return to McKinsey from industry/startups to build up a new practice

  3. "consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consultant in Boston, MA
    Current Employee - Senior Consultant in Boston, MA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    health insurance, reasonable hours,obama worked here

    Cons

    bad salarys, Bureaucracy,office policys, chain of command


  4. Helpful (1)

    "Fantastic Organization"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engagement Manager in Atlanta, GA
    Current Employee - Engagement Manager in Atlanta, GA
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to learn and grow

    Cons

    Lack of work life balance


  5. "Not what it used to be"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend

    I have been working at McKinsey & Company full-time (More than 10 years)

    Pros

    Great benefits, decent job security

    Cons

    Place has lost what made it special. With rapid growth it feels very corporate


  6. Helpful (7)

    "associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    McKinsey is a decent name to have on your resume, but that is probably the only pro you will get from this organization.

    Cons

    This place is terrible. The work is terrible. The lifestyle is terrible. The management is horrendous. The pay per hour is no better than minimum wage. Zero flexibility. Zero understanding. Zero respect for outside responsibilities. They will lure you in with promises of personal development and "impactful" work, but it's nothing more than a lie to sucker in the next batch of recruits that they can churn through to make more money for the partnership. Avoid this place at all costs.

    Advice to Management

    Hiring young, intelligent, motivated people and exploiting them to make ungodly amounts of money for yourselves is a shameful practice. End it now.


  7. "Great learning experience; tough lifestyle"

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

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

    Pros

    1. Constant learning of new industries, function, etc. (biz school on steroids)
    2. Get to work with really smart people
    3. Professional development and training programs are great

    Cons

    1. Hours and travel are long and grueling
    2. Some leaders have an output-focused rather than people-focused management style

    Advice to Management

    Make people leadership a larger factor in partner promotion

  8. Helpful (2)

    "Great place...for some"

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

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

    Pros

    Great paid, interesting work and people, strong culture and values

    Cons

    Difficult work life balance, people may say one thing but do another, difficult politics

    Advice to Management

    Mentorship model is broken and needs to be fixed so people don't fall through the cracks


  9. "Engagement Manager"

    Star Star Star Star Star
    • 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

    Very steep learning curve. Regular interactions with top management on complex and strategic business decisions

    Cons

    Lifestyle can be challenging depending on type of client and McK leadership, as well as team colleagues

    Advice to Management

    Better focus on lifestyle problems to allow for the necessary flexibility and preferences of employees


  10. "Engagement Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engagement Manager in Stamford, CT
    Former Employee - Engagement Manager in Stamford, CT
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Professional development, apprentice-model and skills building, exceptional rigor,

    Cons

    Fragmented culture, too much travel and lack of work/life balance

    Advice to Management

    Build connective tissue of community


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