McKinsey & Company Reviews

Updated 22 October 2014
Updated 22 October 2014
980 Reviews
4.2
980 Reviews
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
558 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 26 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 171 reviews)

More Highlights

Employee Reviews

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  1.  

    Junior Analyst

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

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

    Pros

    Hands down the best place for people just starting their careers. Lots of training, mentoring.

    Cons

    The cons are: very comfortable, so if you leave (and you will) and get other jobs, you might be surprised that you have to roll up your sleeves a lot more vs McK.

    Advice to ManagementAdvice

    McK continues to be an amazing, world class firm. Keep it up!

  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. 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
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  5. 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
  6. 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
  7. 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
  8.  

    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
  9. 1 person found this helpful  

    Great place to start a business career

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

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

    Pros

    Smart, ambitious, fun people, real dedication to mentorship and growth, 360 reviews means bad managers usually weeded out, huge perks, international travel, challenging problem solving,

    Cons

    Rigid structure, golden handcuffs, crazy hours, how well you do depends on if you can build relationships with a few key partners/directors so success seems random, not a good place if you are creative and too much outside the box

    Advice to ManagementAdvice

    Think more about work-life balance and different models. You are more and more on call as you progress up the Firm, and many smart and talented people who want to control their time are not willing to make the tradeoff.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 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
  11.  

    Working with great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate in Warsaw (Poland)
    Current Employee - Associate in Warsaw (Poland)

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

    Pros

    People are all very intelligent, working well in teams and always helpful. It is a great environment to work and grow. The compensation is fine, too.

    Cons

    Overtime work happens quite often. But still, the environment in which you work is so good, that I would reccommend it to any young man or woman.

    Recommends
    Positive Outlook
    No opinion of CEO

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