Quick Answer: How Hard Is It To Get A Job With Mckinsey

McKinsey reportedly receives more than a million applications per year and hires less than 1% of them. The Top 3 consulting firms are among the ten most selective employers in the world and it is notoriously difficult to receive a job offer.

How long does it take to get hired at McKinsey?

From the time you apply until the moment you accept the job offer, you will have to progress through a series of steps in the McKinsey recruitment process. Most of the time, this process takes between 2x and 3x months, with often 14 days between steps on average.

What good is 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.

How do you get noticed by McKinsey?

Study smart. McKinsey is known for being the first major management consulting firm to recruit employees straight out of college. Get comfortable. Once a candidate has earned an interview at McKinsey, they follow the firm’s meticulously crafted hiring process. Analyze and speak up. Show off.

How long does McKinsey take to get back to you after first round?

It should be relatively quick below 1 week. If you have not heard from them after 2 weeks, give them a call. Fingers crossed! Typically within a week, but in exceptional cases it might take a bit longer.

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).

Does McKinsey give you a laptop?

The first day at McKinsey you will receive: Laptop, usually a Thinkpad Carbon. Smartphone, now Iphone XI. Credit card, a Gold American Express.

How much do BCG interns make?

BCG Interns make $17,300 – $32,000 per internship Summer Associate Interns (Undergrad) can make more than $6,900/month, adding up to around $17,300 in total for a 10-week period. This compensation is extremely competitive, being just slightly under well-known tech companies like Facebook, Amazon, or Google.

Why is McKinsey a bad reputation?

Accused of aiding corruption, bribery, fraud, and opioid sales, the consulting giant faces reputation damage it may never recover from. McKinsey & Co. is arguably the most well-known brand in the world of management consulting. At 94 years old, it is also probably the most influential.

How competitive is McKinsey?

McKinsey reportedly receives more than a million applications per year and hires less than 1% of them. The Top 3 consulting firms are among the ten most selective employers in the world and it is notoriously difficult to receive a job offer.

Is working at McKinsey stressful?

McKinsey can be a high-stress environment McKinsey consultants are frequently performance reviewed and work under high expectations. Everyone has seen other consultants give in to the stress. People get overwhelmed, burn out, and sometimes get sick.

How hard is it to get a McKinsey internship?

An early route to get your foot at the door of McKinsey – one of the three most prestigious consulting firms, is to successfully land an internship and compete for a full-time offer while at the job. With a 1% acceptance rate and uncompromising recruitment criteria, how do you stand out as the cream of the crop?.

What GPA do you need for McKinsey?

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.

Is working for McKinsey prestigious?

McKinsey, Bain and BCG (the Big Three or MBB) are by far the most prestigious consulting firms – as surveyed by Vault in 2020. Within MBB firms, McKinsey is the most prestigious and well-known, both inside and outside the industry.

How competitive is McKinsey internship?

To summarise, you can expect to earn about $15k in total, during a 10-week undergrad-level internship with McKinsey & Company. This is an extremely competitive rate, which is about even with the other members of the Big 3 consulting firms.

What makes this referral a good candidate for McKinsey?

“We see can candidates prep a lot for problem solving, which is good, but I encourage them to focus also on what are often referred to as soft skills—their aptitude for collaboration, teamwork, empathy, and leading others. In the long run, those are qualities that make for success.”.

Is McKinsey better than Deloitte?

Employee Ratings Deloitte scored higher in 1 area: Work-life balance. McKinsey & Company scored higher in 8 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook.

Does McKinsey call to reject?

McKinsey typically calls candidates to tell them that they are being extended a job offer before emailing them. Sometimes, you may be on the borderline of receiving an offer and McKinsey would like to finish interviewing other people before deciding whether or not to give you an offer.

Is McKinsey a big 4?

The big four consulting firms that account for nearly 40% of the industry are PwC, Deloitte, EY, and KPMG. These are followed by McKinsey & Company and the BCG – US strategy giants.50 Top Consulting Firms in 2020. Consulting Firms Change in Rank (2020 vs. 2019) Change in Score (2020 vs. 2019) McKinsey & Company 0 -0.097.

How difficult is it to get an interview 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.

How many hours do you work at McKinsey?

MBAs at McKinsey & Co., one of the most prestigious employers in the world, told TransparentCareer that they work an average of 72 hours per week. At Boston Consulting Group, it’s 63 hours every week, while at Bain & Co., the average is 58 hours per week.

Is PwC better than McKinsey?

McKinsey & Company employees rated their Overall Rating 0.5 higher than PwC employees rated theirs. McKinsey & Company employees rated their Career Opportunities 0.4 higher than PwC employees rated theirs. McKinsey & Company employees rated their Compensation & Benefits 1.0 higher than PwC employees rated theirs.

Is it harder to get a job at McKinsey or Google?

It will be harder to get into McKinsey after Google than into Google after McKinsey. Once working for Google, it will be hard to work in a different industry, whereas McKinsey will offer a wider choice of industries.

How long is McKinsey interview?

In order to be successful in a consulting interview, you must be thoroughly prepared, which can take anywhere between six to eight weeks. This might seem like a long time, but when managing a full-time job and other commitments, we have seen that this is the ideal amount of time.

Does McKinsey pay for MBA?

At MBB, associates, analysts and consultants can obtain sponsorship for their MBA. McKinsey, Bain, and BCG consultants commit to returning to the firm after graduation to work for at least 2 years.