McKinsey & Company is a renowned global management consulting firm that provides services to major companies, governments, non-governmental organizations, and non-profit organizations. They help customers achieve lasting improvements in their performance and reach their most important goals. McKinsey & Company is one of the most sought-after consulting firms in the industry, although it also has its drawbacks. Despite the challenges, the firm continues to break records year after year with the high number of candidates applying for limited places.
If you're considering applying to McKinsey, you must prove that you are the best candidate for the position by establishing contacts at the firm, perfecting your resume, and passing all PEI and case interviews. To understand what makes McKinsey stand out from other consulting firms, let's take a closer look at what they are known for. McKinsey is renowned for its ability to provide an objective view of best practices in a sector. This is due to its broad vision of how other companies have addressed similar problems. This can be invaluable to clients who are making important decisions, such as private equity firms who rely on management consulting firms to help them with specific aspects of due diligence when they want to make an acquisition. At McKinsey, you won't start from a blank piece of paper or think of new product ideas or create service offerings from scratch.
Instead, you will develop your suite of consulting tools for a few years and choose your specialty and specialization over time. This indicates your primary and secondary alignment with a specific sector or functional area. McKinsey consultants are known to be among the hardest working in the consulting industry. This is due to the firm's culture which is always based on thought, structure, and sometimes can seem a bit stoic or academic. McKinsey also offers industry-leading “search time” at the end of your term, so you have time to find a new position without staff for a project. Working at McKinsey can offer you the opportunity to explore diverse industries, functional areas, and types of problems in a way that few companies can.
However, if you don't like networking and internal politics, McKinsey and consulting in general may not be for you. In conclusion, McKinsey & Company is one of the most sought-after management consulting firms in the world. It provides an objective view of best practices in a sector and offers its consultants the opportunity to explore diverse industries, functional areas, and types of problems. However, it may not be suitable for those who don't like networking and internal politics.