McKinsey & Company

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McKinsey & Company Reviews

Updated 18 August 2014
Updated 18 August 2014
941 Reviews

4.2
941 Reviews
Rating Trends

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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
531 Ratings

Review Highlights

Pros
  • Very smart people to bounce thought off and get new angles that you haven't thought of (in 65 reviews)

  • Great people to work with, get to learn a lot from colleagues as well as senior leadership (in 24 reviews)


Cons
  • You have to have a lot of self discipline to keep work life balance reasonable (in 160 reviews)

  • Very long hours and continual expectation of over-performance (in 158 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person 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

    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.  

    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

    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
  3. 1 person 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

    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
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  5. 2 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

    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
  6.  

    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

    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
  7. 5 people found this helpful  

    Wonderful place, don't stay too long

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

    Pros

    - Interesting projects, especially in the Social Sector.
    - Really smart people from all over the world.
    - Fantastic trainings available all the time
    - Good internal knowledge system
    - Wonderful thing to have on a CV

    Cons

    - Extreme split between consulting and knowledge staff often makes the job miserable as a researcher. Working with insecure, rude 22 year olds gets tiring, and there are no ways to provide feedback and rude personnel if you are not a consultant.
    - The idea of "one firm" is a good one, but not reflected in actual policies. No relocation flexibility for Knowledge staff means McKinsey will continue to lose the best and brightest researchers who dont want to work in the suburbs.
    - Lots of work and little rest, but that goes without saying :)

    Advice to ManagementAdvice

    Get serious about your people. All of your people. The majority of your workers are not consultants, and they are reminded of this every single day. The value-add and brilliance of McK projects often comes from researchers, who are made to feel second class and the best ones leave.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    It's only when you leave that you realise how good they are

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Principal  in  London, England (UK)
    Former Employee - Associate Principal in London, England (UK)

    Pros

    The best people and a great entrepreneurial culture. Positive teamwork despite clear up or out policy. Truly global organisation. Actually behaves as a partnership with strong long term consistency of vision and values.

    Cons

    Work life balance can get out of kilter if you let it, and it creeps up on you slowly. This is mainly down to individuals not setting boundaries rather than the culture or any top down pressure.
    Hard to work for another organisation afterwards as the gap is extreme - you need to be running it.

    Advice to ManagementAdvice

    The policy of only hiring at the bottom and not letting people return means that there is little fresh experience coming in to challenge the status quo. This has huge advantages in terms of consistency of apprenticeship model but in the new economy and technological era it's a risk if the leaders are out of date

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Continually challenging studies keep your learning curve at an all-time high

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

    Pros

    To get up to speed on the widest variety of businesses with the deepest levels of insights at the shortest possible time. Good pay.

    Cons

    100% travel, no life-work balance, heavily stressful for 'insecure over-achievers' (the known model for McKinsey recruits) due to up-or-out policy, intensely critical of each other in feedback that could scar some egos if not handled the right way. You need to fit in, there are no heroes.

    Advice to ManagementAdvice

    If and when you hire experienced hires in senior roles, you need to set expectations on the very fundamental things that are different about the firm compared to other consulting firms or industry. People bring different types of talents - not everyone fits the exact same model a McKinsey employee should fit in. Their contributions need to be leveraged in a different way.

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

    Great company

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

    Pros

    Fantastic culture that brings out the highest quality work in most people
    Amazing exit opportunities--a year at McKinsey is worth 2 or 3 years at other jobs
    Huge responsibility--I was actively working with senior executives from day one

    Cons

    The hours can be stressful, as can the "up or out" culture. Statistically speaking, most people are not making it to the partner level. I left for business school and knew I would not come back because of the lifestyle constrains.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Great company

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

    Pros

    Great, smart colleagues and interesting work across many industries, very powerful and intriguing corporate culture

    Cons

    none outside of traditional downside of being a strategy consultant (travel, hours)

    Advice to ManagementAdvice

    -

    Recommends
    Positive Outlook
    Approves of CEO

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