Skills like adaptability, coping with uncertainty, synthesizing messages and achievement orientation increase likelihood of employment.
Experienced professionals at McKinsey
We look for exceptional people from a variety of fields and professions, including technology, finance, government, engineering, law, the military, medicine, and many more.
It receives hundreds of thousands of job applications which means chances are slim that your application will be successful. However, if you have an excellent academic record, and can prove you have strong communication and analytical skills, you just might make the cut. The hiring process at McKinsey is quite intense.
Gentin believes that young people in particular want more from their careers than conventional understandings of professional success. “The average age at McKinsey is 30,” he says.
At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.
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.
Interviewing is a two-way process—it helps us learn about you as a potential colleague, and helps you learn about McKinsey and what you could do here. Overall, we look for personal impact, entrepreneurial drive, inclusive leadership, and problem solving, and we recognize there are many ways to acquire those skills.
Management consulting firms such as McKinsey, BCG and Bain are notoriously difficult to get into. McKinsey receives ~200,000 applications every year and ends up hiring about ~2,000 new consultants. That corresponds to 1% success rate.
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. Here at Management Consulted we've known candidates, and have even coached a few, who got offers with McKinsey with no MBA.
While a job at McKinsey sets you up for a fantastic career in management consulting, it's also notoriously one of the hardest companies to get an offer from. Read on for our top tips to help you land that coveted first consulting role.
McKinsey, Bain, and BCG don't have a strict GPA cutoff, but they do typically consider anything from 3.6 up as a strong GPA. However, it's not quite that simple. For instance, you may have a 3.4 GPA but have top scores on your SAT or GRE, so all of these academic results will be reviewed.
Resume Order
Obviously, you need a very good resume to get an invitation to interview, but McKinsey offers some help. It makes no secret of what it is looking for in a resume: clear evidence of problem solving, achievement, personal impact, and leadership. That's a good start when trying to get hired at McKinsey.
However, McKinsey, BCG and Bain tend to favor Business and Economics degrees and STEM majors (i.e. Science, Technology, Engineering, Mathematics). In our analysis of pre-experience student hiring in the US and the UK, 42% of candidates had studied Business and Economics degrees.
However, no matter what type of consulting area a person would like to enter or what firm they would want to work for, there are several key characteristics that every successful consultant should possess: Having self-confidence, be a good listener, be a team player, easily cultivate and gain client trust, exhibit ...
Now here's the good news: if you make it to a final round interview with McKinsey, BCG or Bain your odds of receiving an offer are ~50% and therefore higher than the ~25% chance of passing a first-round interview.
The classic McKinsey consultant is ENTJ – outgoing, big-picture, hyper-rational, and highly organized.
The exact rejection rate for McKinsey is also muddy, but it's estimated that only 1% of 200,000 applicants will get an offer after completing their rounds of interviews. This is precisely why it's so important to practice for a McKinsey interview.
McKinsey experienced hire recruitment process
The recruitment process is basically the same as any other roles, with 3 main steps: Step 1: CV/Resume screening. Step 2: Screening Test (PST, PSG, SHL) Step 3: Case Interviews (PEI and Case Interview)
Typically, 9am to 9pm are considered to be the typical 'core hours' at top consulting firms, with some variation on either side of the timeframe. On average, a standard number of hours a consultant can expect to work in a week is between 70 and 75, including lunch and travel time.
You have very little room to negotiate. Even if you have an offer from McKinsey, Bain, and BCG, you may not be able to leverage your other offers to negotiate for an increase in compensation at another top firm.
McKinsey Consultant Salary & Bonuses
MBA graduates at McKinsey can earn performance bonuses up to $45,000, and a signing bonus of $30,000. For master's graduates, performance bonuses cap at $30,000, with a signing bonus of $5,000.