Quick Answer: Does McKinsey Pay Well?

How hard is it to get an interview at McKinsey?

McKinsey interviews are among the hardest job interviews in the world.

The questions are difficult, specific to McKinsey, and the interviewer can sometimes seem intimidating.

But the good news is that with the right preparation it can actually become relatively straightforward to succeed at a McKinsey interview..

What McKinsey looks for?

No matter where you come from, McKinsey looks for the same qualities in all its candidates. It boils down to three qualities, Brian explains. They look for problem solving, the ability to work well in teams, and the ability to develop strong relationships.

Do you need an MBA to work at McKinsey?

If your heart is set on McKinsey and you’re wondering “Should I get an MBA?”, the short answer is no – you do not have to have an MBA to break into McKinsey. … You may not have to go to business school to get an interview with The Firm, but an MBA is still the best way to break into McKinsey.

What do you do at McKinsey?

Consultants work with client companies to solve specific business challenges. Consulting projects are often done in teams and can focus on a variety of areas, including strategy and technology implementations. Some consultants are independent experts, but many work for consultancies like McKinsey.

Is McKinsey a good place to work?

McKinsey & Company Employee Reviews. McKinsey is at the top of their field, and there isn’t a management consulting company that cares more about their clients, and their workplace. They place a premium on intelligence in their employees, and many start at McKinsey and go on to fabulous careers.

How many hours a week do McKinsey consultants work?

Those projects are really interesting to work on because you go really deep in 2 weeks on whatever you’re doing but it’s not a pace that you want to sustain for too long. Generally speaking though, it was usually a 60-70 hour working week.

Do McKinsey consultants travel a lot?

How much traveling does a McKinsey consultant do? … It changes a lot depending on tenure, office, industry you specialize in and of course how much you are willing to travel. From BA to EM, you should expect working in a city other than your office roughly half of the year.

How much does a partner at McKinsey make?

Associate Partner salaries at McKinsey & Company can range from ₹48,01,150-₹55,75,383.

What is McKinsey famous for?

McKinsey & Company is a United States-based management consulting firm, founded in 1926 by University of Chicago professor James O. McKinsey, that advises on strategic management to corporations, governments, and other organizations.

Is it hard to get a job at McKinsey?

For instance, according to former McKinsey managing director Dominic Barton, the firm receives about 200,000 applications from interested candidates, but only about 2,200 of them get hired. In other words, anyone applying to the firm only has a 1% chance of getting hired.

Why do people want to work McKinsey?

Working at McKinsey can offer you an opportunity to explore various industries and types of problems in a way few other firms can. This provides you with the chance to find your passion that best matches to your skillset. Over time, you can develop a specialty that makes you a valued expert in a field.

What are the hours like at McKinsey?

The hours are long. 9am-9pm is typically the ‘core hours’ with variation on either side. There’s no 1-hour lunch break included in there, although you might take an hour in the evening to get dinner or travel in a taxi to a hotel.

Is BCG better than McKinsey?

BCG has a more analytical focus, McKinsey is more focused on structure and story. At both firms, I felt that that the quality of the work was incredibly high. However, there is a dramatic difference in what people focus on in the day to day work.

How prestigious is Deloitte?

Deloitte is not “prestigious.” … No other consulting firm is as prestigious as MBB, so no, Deloitte Consulting is not as prestigious as MBB.

Is McKinsey a big 4?

McKinsey vs BCG vs Bain vs Big 4 (Deloitte, EY, KPMG, PwC): Differences & similarities. McKinsey, BCG, and Bain (MBB) are very different companies. … All three are equally prestigious management and strategy consulting companies with global standards and integrated approaches to solving their clients’ issues.

How much do you make at McKinsey?

The average McKinsey & Company salary ranges from approximately $21,538 per year for Business Analyst to $237,094 per year for Engagement Manager.

Does McKinsey care about GPA?

At McKinsey, BCG or Bain, a candidate should have at least 3.6 GPA to insure against any doubts about academic achievements. However, lower GPAs do not automatically disqualify a candidate; a 3.2-GPA resume can still pass to the next round if it shows outstanding achievements elsewhere.

Can you get into McKinsey with a low GPA?

Yes it can. I have seen it happen for people with GPAs around your level or lower at top schools. They key is to network with the right people and write a great impact based resume. Once you get the interview, you are on a level playing field with everyone else – even the people with perfect GPAs.

How hard is McKinsey?

Today Glassdoor released its annual list of the 25 most difficult companies to interview with, based on 80,000 interview ratings and reviews shared throughout the past year. Consulting firm McKinsey & Company tops the list, with a 3.9 difficulty rating (based on a 5.0 scale).

What is the hardest company to get a job at?

Glassdoor’s Top 25 Most Difficult Companies to Interview:McKinsey & Company (Consulting)Boston Consulting Group (Consulting)Oliver Wyman (Consulting)AT Kearney (Consulting)ZS Associates (Consulting)ThoughtWorks (Technology)Bain & Company (Consulting)Shell (Energy)More items…

What schools does McKinsey recruit from?

Second-tier schools for McKinsey appear to be Stanford University, Duke University, Princeton University, and Boston College. Also found within this tier are two international schools: Cambridge University and Erasmus University of Rotterdam.

Does McKinsey pay for your MBA?

Short answer: Yes. It’s quite common for McKinsey, BCG, Bain, Deloitte et al to offer to fully pay MBA tuition for their existing employees (eg Susan has been at McKinsey for two years and wants to get her MBA).

How prestigious is McKinsey?

Not surprisingly, McKinsey topped all comers in prestige with an 8.954 score. The company name alone conjures up words like savvy, tradition, and influence. Founded in 1926, McKinsey generated $8.8 billion dollars in revenue in 2016, more than the $7.3 billion in combined sales by Bain and BCG according to Forbes.