McKinsey & Company Reviews

Updated 29 August 2014
Updated 29 August 2014
951 Reviews

4.2
951 Reviews
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
534 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

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  1. 2 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 for 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.  

    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 for 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
  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

    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
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  5. 3 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
  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

    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
  7. 1 person found this helpful  

    Wonderful company

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

    I have been working at McKinsey & Company full-time for less than a year

    Pros

    Where do I start:

    Benefits: Awesome health insurance, generous vacation, and the cost for benefits are much lower than most employers.

    Work: Always interesting and management wants you to learn new things. There is a lot expected and you are given the flexibility to do your work.

    People: They are awesome. Working with the best and brightest talent!!

    Culture: Since I am not on the consulting side of the house, I think it is one of the best cultures I've experienced. One thing that I'm impressed about (and why the company is so successful) is that it is your duty to dissent if you feel there is something wrong. Giving your employees a voice allows for the exchange of ideas

    Cons

    There are none at this time.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 2 people found this helpful  

    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

    I have been working at McKinsey & Company full-time for less than a year

    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
  9. 2 people 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)

    I worked at McKinsey & Company full-time for more than 8 years

    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
  10. 1 person found this helpful  

    Great place to start your career

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

    I have been working at McKinsey & Company full-time for more than 8 years

    Pros

    Very steep learning curve; offering a wide "sample" of works in various functions and industries before you figure out what you're really passionate about; providing opportunities to work with different levels of clients

    Cons

    Work/ life balance - many projects have big time pressure, and traveling is even worse in smaller offices. It can be better if you have the right location/ function/ client platform, but in general not easy to have good work/ life balance.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Nothing better then to start your career with Mck

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

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

    Pros

    Growth Opportunities
    Perks
    Agile Work Culture
    Not too many hierarchy in management

    Cons

    Commuting as it is located to Sohna Road
    New office Location is not too happening and upto company standards

    Recommends

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