How to Get Hired by McKinsey & Company
One of the ‘Big Three’ management consulting firms is McKinsey & Company. Thousands of people apply for junior positions every year, and the company has 104 offices in more than 50 countries. McKinsey is a frequent recruiter on the campuses of business schools such as Harvard Business School and MIT Sloan School of Management.
What should I consider before applying?
If you apply as an undergraduate or someone who does not have an MBA, you will be hired as a Business Analyst. Make sure you’re ready and able to live the life of a McKinsey consultant. Check to see if McKinsey has any alumni from your business school.
What should I include in my application?
McKinsey seeks employees who approach problem-solving in a systematic manner. Other major management consulting firms are less open to employing persons with non-traditional business credentials than McKinsey. The company’s international experience and linguistic skills are also crucial. Your CV should be well-organized and straightforward, with black and white text and no unusual fonts. It should also be brief.
How do I handle the interview process?
The following is the interview process for a Business Analyst at McKinsey. The Problem-Solving Test (PST) is a quantitative and business reasoning test with 26 questions and 1 hour to complete it. Practice instances in advance of the interview, especially if your problem-solving abilities are rusty.
Is it hard to get a job at McKinsey and Company?
The probability of being hired by McKinsey & Company is less than 1%. McKinsey is regarded as one of the “Big Three” consulting firms, and a position there is highly sought after. According to Business Insider, the firm received 800,000 applications in 2018, but only 8,000 people were offered jobs.
How hard is it to work at McKinsey?
Long shifts. Without a strong work ethic, it’s impossible to work for one of the top firms on intriguing projects. McKinsey consultants are renowned for being among the most hardworking in the consulting sector, which says a lot. McKinsey is not for you if you want a relaxing 40-hour workweek with no weekend work.
How do you get selected for McKinsey?
Structure: McKinsey prefers individuals that approach problem-solving in an organized manner, as you will be doing a lot of best-practice work on the job. Credibility can be demonstrated by previous internships or work experience — ideally, a previous internship at McKinsey, but other Fortune 500 businesses will suffice.
What degree do you need to work at McKinsey?
Members of the McKinsey firm come from a variety of backgrounds. People interested in consulting with a bachelor’s degree often join our firm as business analysts, sometimes known as fellows in some areas. Some people stay for two or three years before continuing their education or acquiring further work experience.
Is working at McKinsey stressful?
McKinsey can be a stressful place to work. McKinsey consultants are subjected to periodic performance reviews and are held to high standards. Others consultants have succumbed to the pressure. People become overloaded, burn out, and become ill.
Does McKinsey pay well?
The wage ranges from $90,000 to $110,000 per year for entry-level consultants (Analysts) at McKinsey, while the amount for MBA-level/experienced Associates can reach $233,000 per year. Engagement Managers make roughly $250,000 on average, with Partners and Directors earning up to $1,300,000.
Do you need an MBA to work at McKinsey?
‘, the short answer is no — an MBA is not required to work at McKinsey. Although you do not need to attend business school to secure an interview with McKinsey, an MBA is still the best route to break into the firm.
Is McKinsey Big 4?
MBB and the Big 4 (Deloitte, E&Y, PwC, and KPMG) vary in that MBB focuses on strategic management consulting whereas the Big 4 focuses on accounting. McKinsey, Boston Consulting Group, and Bain are the acronyms for McKinsey, Boston Consulting Group, and Bain.
Can you get into McKinsey with a low GPA?
To avoid any questions about academic achievements, a candidate at McKinsey, BCG, or Bain should have at least a 3.6 GPA. Lower GPAs, on the other hand, do not automatically disqualify an applicant; a resume with a 3.2 GPA can still advance to the next round if it demonstrates exceptional achievements elsewhere.
How long is McKinsey hiring process?
You will have to go through a variety of processes in the McKinsey recruitment process from the time you apply to the time you accept the job offer. This process usually takes between 2 and 3 months, with an average of 14 days between phases.
How much does it cost to hire McKinsey?
Even when compared to its major competitors, hiring McKinsey is a notoriously pricey prospect. Clients pay $67,500 a week, or $3.5 million annually, for a single junior consultant, who is usually a recent college or business school graduate. You get two consultants for $160,000 per week, one of whom is a mid-level consultant.
How prestigious is McKinsey?
According to Vault’s 2020 survey, McKinsey, Bain, and BCG (the Big Three or MBB) are by far the most prestigious consulting firms. McKinsey is the most prominent and well-known MBB firm, both within and outside the industry.
Does McKinsey pay for your MBA?
Yes, to summarize. McKinsey, BCG, Bain, Deloitte, and other consulting firms frequently offer to pay for MBA education for their current workers (eg Susan has been at McKinsey for two years and wants to get her MBA ).
How many times can I apply to McKinsey?
You can reapply every two years, according to the stated reapplication policy (not sure if this is a formal rule or merely a cultural one).
What schools does McKinsey recruit from?
They target top universities such as Harvard, Cornell, Dartmouth, Yale, and others.