Quick Answer: Is Working At McKinsey Fun?

Does McKinsey pay for 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)..

Is working for McKinsey prestigious?

Thanks to raising employee satisfaction while maintaining prestige, McKinsey roared back to claim 1st in Vault’s overall ranking this year, edging out the Boston Consulting Group and Bain & Company for top honors.

How difficult is it 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.

Is working at McKinsey stressful?

1. The Work is Stressful. Working for McKinsey is not for the weak hearted. The firm places an incredible amount of responsibility on every consultant, regardless of level.

Which is better McKinsey or BCG?

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 much does a consultant at McKinsey earn?

The typical McKinsey & Company Associate Consultant salary is $150,793. Associate Consultant salaries at McKinsey & Company can range from $69,018 – $175,000.

How many hours 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.

Does McKinsey pay well?

McKinsey: Base Salary: $152,500. Performance Bonus: $35,000 max. Signing Bonus: $25,000.

Does McKinsey pay overtime?

They do pay overtime, are required to pay overtime, to non-exempt personnel. In such cases, overtime is paid on a time and one half basis. I never worked at McKinsey, but I did work at another large management consulting firm, Booz Allen Hamilton. … That is one of the advantages of being a consultant over an employee.

What are the levels at McKinsey?

MBB: McKinsey, Boston Consulting Group, BainMcKinseyBainIntermediate (2-4 years)Junior associateSenior associate consultantSenior (4-6 years)AssociateConsultantMiddle managementEngagement managerCase team leaderUpper managementAssociate principalPrincipal3 more rows•Feb 17, 2020

Why are consultants paid so much?

A classic reason why consultants may be highly paid is that consultants may value price their services (or at least charge a premium to reflect value).

How long does McKinsey take to get back to you?

5 to 8 weeksTo help illustrate a typical timeline, we’ve created the below overview of McKinsey’s recruitment schedule. As a rule of thumb you can expect the whole process to take 5 to 8 weeks. Please note: this is meant to give you a general overview, and may not reflect your specific interview timeline.

What kind of work does McKinsey do?

McKinsey & Company provides strategy and management consulting services, such as providing advice on an acquisition, developing a plan to restructure a sales force, creating a new business strategy or providing advice on downsizing, according to the 2013 book, The Firm.

Can you get into McKinsey with a low 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.

How much does an analyst at McKinsey make?

McKinsey & Company in Dubai, United Arab Emirates Area SalariesJob TitleLocationSalaryBusiness Analyst salaries – 1 salaries reportedDubai, United Arab Emirates Area$0/yrSummer Business Analyst salaries – 1 salaries reportedDubai, United Arab Emirates Area0/mo18 more rows•Aug 26, 2020