McKinsey & Company Reviews

Updated 15 October 2014
Updated 15 October 2014
978 Reviews
4.2
978 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
McKinsey & Company Managing Director Dominic Barton
Dominic Barton
557 Ratings

Review Highlights

Pros
  • Very smart people to bounce thought off and get new angles that you haven't thought of (in 66 reviews)

  • Great people to work with, get to learn a lot from colleagues as well as senior leadership (in 25 reviews)


Cons
  • You have to have a lot of self discipline to keep work life balance reasonable (in 171 reviews)

  • Very long hours and a very high pressure environment leads to continual stress (in 170 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 3 people found this helpful  

    Incredible people, high impact projects, amazing development , early onset of grey hair

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant in Sydney
    Current Employee - Consultant in Sydney

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

    Pros

    Unique and astounding opportunities for professional development
    Work on incredible high-impact and interesting problems
    Varied work for broad and deep exposure across industries and functions
    Many many other smart, lovely people to get to know (it's just a pity you're all so busy so can't spend more time with each other)
    They take care of you

    Cons

    Lots of travel for those with families (in most cases), intense work, generally long hours (though you can fight to make these more reasonable)

    Advice to ManagementAdvice

    The best people will stay longer (I mean the best, not just the good) if you can make the hours and demands more realistic

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Great learning - tough worklife balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Engagement Manager in Sydney
    Former Employee - Engagement Manager in Sydney

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

    Pros

    Great reputation. Lots of perks. Get to work on interesting problems. Smart people

    Cons

    Worklife balance is a challenge for everyone. Culture demands to be connected 24 / 7 (even when not necessary)

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Excellent people; great social culture; learning learning learning ..

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

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

    Pros

    These people are smart, they're (mostly) fun, and this is an environment of finding solutions, not problems - great for innovation and ideas.

    Cons

    More hierarchical than I'd expected - despite a culture built on curiosity and questioning, it's clear there are certain orders and people you just agree with, or else ...

    Advice to ManagementAdvice

    Please spend some money on real 21st century technology !!!

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5. 2 people found this helpful  

    Fast paced learning environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Sydney
    Former Employee - Anonymous Employee in Sydney

    I worked at McKinsey & Company

    Pros

    The calibre (technical competence, general intelligence and winning personalities) of other consultants is the highest I have seen anywhere. The projects McKinsey undertakes are almost always of high impact/importance (very little 'dud' work). They have a great performance/people culture; personality and character are highly prized and the Firm does a great job at helping its people thrive. On the odd occasion there is someone who doesn't meet the bar they are gently moved out - I have never seen someone 'fired'.

    Cons

    Travel away from family. Long hours. Dealing with difficult clients. These are all hallmarks of the industry in general and are not specific to McKinsey. In reality, the kind of people looking for jobs like this are weighing up against investment banking or corporate law or occasionally something else - so when you compare these cons to those professions there is not much between them.

    Advice to ManagementAdvice

    N/A

    Recommends
    Approves of CEO
  6. 5 people found this helpful  

    Views of McKinsey&Company from the perspective of a Research Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Research Analyst in Sydney
    Current Employee - Research Analyst in Sydney

    I have been working at McKinsey & Company

    Pros

    - Colleagues are typically extremely helpful in sharing needed knowledge
    - Promotions can be fairly quick and is truly contingent on performance
    - Depending on the person you get as your Developmental Growth Leader (DGL), your experience in McKinsey can be significantly affected, as he/she is responsible for presenting your case during review boards, for helping to find opportunities for your staffing, etc.

    Cons

    - Remuneration is subpar in comparison to other top management consulting firms (e.g. BCG, Bain)
    - use of performance reviews to "layoff" employees during downturns

    Advice to ManagementAdvice

    - Increase transparency and communication to employees
    - Be clear and aligned on initiatives, with key visible support from Partners

    Recommends
    Approves of CEO
  7.  

    Great place to jump start your career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Research Analyst in Sydney
    Current Employee - Research Analyst in Sydney

    I have been working at McKinsey & Company

    Pros

    It's reputation, exciting projects and the incredible amount of knowledge that gets codified and shared.

    Cons

    The amount of heirarchy that exists.

    Advice to ManagementAdvice

    Offer more exciting career path for researchers

    Recommends
    Approves of CEO
  8. 1 person found this helpful  

    'Twas great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in New York, NY (US)
    Current Employee - Business Analyst in New York, NY (US)

    I have been working at McKinsey & Company full-time (more than an year)

    Pros

    Totally loved working there. It was fantastic and a great first job out of college. Really don't have much negative to say

    Cons

    Long hours and a lot of travel. Often working on projects that were reflective of what could be sold but not necessarily the most pressing problems.

    Approves of CEO
  9. 1 person found this helpful  

    Great platform to learn and build your career both within the Firm than outside it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst in Milan (Italy)
    Current Employee - Business Analyst in Milan (Italy)

    I have been working at McKinsey & Company full-time (more than an year)

    Pros

    Senior and top management exposure means that you will be always outside your comfort zone leading to an exceptionally fast learning curve. Is probably the best place to learn how to manage a team effectively, thus I strongly recommend to anyone interested in management consulting to pursue a career here at least until Engagement Manager position.

    Cons

    Though working environment, especially when it comes to dealing with due diligence and short projects.
    More broadly speaking, the opportunities to work across different industry are actually limited compared to what advertised, since most local offices are focused on one or two industry (mainly banking and insurance).

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    A place where everyone needs to step in atleast once in their life

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

    I worked at McKinsey & Company (more than 5 years)

    Pros

    Fantastic career growth, great salary and benefits, excellent work life balance.
    Learning experience is awesome and you get to meet the finest people in business. Its a dream come true for people who join the McKinsey consulting (CSS) line.

    Cons

    Not a good place to work if you end up in the shared service center (especially in Chennai). No growth, no learning and it cannot be called McKinsey.

  11. 1 person found this helpful  

    One of the best companies to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Knowledge Expert in Boston, MA (US)
    Current Employee - Knowledge Expert in Boston, MA (US)

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

    Pros

    Fantastic culture of professional development, curiosity, and client impact. They call it a caring meritocracy, and it is very true (exception below notwithstanding)

    Cons

    McKinsey deals with very large clients and very difficult decisions. What makes it a great company to work for, is also what makes it less dynamic than others. Don't go to McKinsey to be on the bleeding edge. There is also a bit of cast system in place where consultants are the chosen ones, and all others are structurally limited in getting the same opportunities.

    Recommends
    Neutral Outlook
    Approves of CEO

McKinsey & Company Photos

Work at McKinsey & Company? Share Your Experiences

McKinsey & Company

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.