McKinsey & Company Reviews

Updated 29 September 2014
Updated 29 September 2014
962 Reviews
4.2
962 Reviews
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McKinsey & Company Managing Director Dominic Barton
Dominic Barton
545 Ratings

Review Highlights

Pros
  • Very smart people to bounce thought off and get new angles that you haven't thought of (in 63 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 167 reviews)

  • Very long hours and a very high pressure environment leads to continual stress (in 168 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  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  

    Great place to learn

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

    I worked at McKinsey & Company full-time for more than a year

    Pros

    The work is interesting, colleagues are talented, great work environment and perks, excellent exit options. You really can't go wrong by working at McKinsey. The alumni network is very strong and it's a great resume enhancer.

    Cons

    The biggest con is the lifestyle, primarily the travel. If you don't mind being away from home 3-4 nights per week, it's doable, but if you do mind it might not be a great fit.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Fantastic place to work

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

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

    Pros

    Excellent people, fantastic coaching and life experiences.

    Cons

    Working hours, travel. High pressure environment which leads to stress.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Excellent Learning Environment

    • 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

    Pros

    Great leadership skills training. Excellent training and learning environment and working on challenging client studies

    Cons

    Work load and hours can be very demanding

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Amazing but tiring

    • 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 for more than 3 years

    Pros

    Great company culture
    They value employees

    Cons

    Work life balance is really bad

  11.  

    The Best

    • 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 for more than 5 years

    Pros

    Smart people
    One Firm culture
    Values driven culture
    Exceptional pace and variety
    Fantastic clients
    Work on the biggest problems in the world

    Cons

    Extremely high expectations for even the most inane work can be overwhelming at times.
    Lifestyle tradeoffs tend to go to client work in every case. Not really a con, but just part of the reality of client service.

    Recommends
    Positive Outlook
    Approves of CEO

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