How competitive is it to get into McKinsey?

It is very hard to get a job at McKinsey. McKinsey is a global consulting firm and has established itself as one of the most influential firms in the world. This fact alone makes getting a job at the firm difficult. McKinsey is also known for its rigorous, intensive, and selective hiring process.

Is it really hard to get into McKinsey?

Depending on your academic background and set of experiences, passing the resume and cover letter screen may be the hardest round for you. McKinsey is extremely selective during this phase due to the large number of applicants (over 200,000 each year). Read on for the steps to take in order to get past Round 1.

What are the odds of getting into McKinsey?

The rumored number of applicants getting offers from McKinsey is around 1%. The other numbers can only be estimates. It also depends on the particular country and period (currently getting offers is more difficult due to the decrease in hiring). A 20% to 30% passing rate in each round is reasonable for many firms.

What is McKinsey acceptance rate?

The McKinsey recruiting process is a relatively regimented process that is designed to narrow down the candidate pool from >200K applicants. In fact, the McKinsey recruitment process is considered one of the most competitive processes in the corporate world with just a ~1% acceptance rate.

What GPA do you need to get into McKinsey?

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.

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Does McKinsey only hire Ivy?

While McKinsey and the other top firms are heavily represented by graduates of Ivy League universities (and their international counterparts), it is not staffed exclusively this way. The story that follows is very instructive for anyone applying from a non-target school.

Can I join McKinsey at 35?

It is not too old, I personally know a consultant that joined when he was ~40. In most countries you can protect/avoid to disclose your personal information during the recruitment process, and this should guarantee equal opportunities across ages. Joining at 35+ has a few implications.

Why is McKinsey so prestigious?

For senior leaders at most top global organizations, McKinsey is the go-to adviser across a range of critical questions, from strategy and operations through to digital. The firm has been the pioneer of bringing the strategy consulting approach deeper into its client organization, through functional practice areas.

What is the rejection rate for McKinsey?

What's the rejection rate for McKinsey? 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.

Does McKinsey pay well?

The average McKinsey & Company salary ranges from approximately $53,126 per year for Administrator to $240,000 per year for Senior Subject Matter Expert. Average McKinsey & Company hourly pay ranges from approximately $12.80 per hour for Garden Associate to $90.66 per hour for Senior Implementation Specialist.

What is the best degree to get into McKinsey?

However, McKinsey, BCG and Bain tend to favor Business and Economics degrees and STEM majors (i.e. Science, Technology, Engineering, Mathematics).

How long does the average person stay at McKinsey?

The typical length of time for consultants to stay at top firms like McKinsey, BCG or Bain is two to four years. Some statistics indicate that 2.7 years is the average length of time that a consultant works at a top management consulting firm before moving on.

What type of people does McKinsey hire?

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.

Is it stressful to work in McKinsey?

Personal Growth. McKinsey consultants are known to work hard both in terms of number of hours and intensity. As a result, you will often be pushed to your limits, sometimes emotionally, at times mentally, and others even physically.

How prestigious is it to work for McKinsey?

McKinsey is one of the most, if not the most, prestigious consulting firms in the world. McKinsey creates immeasurable value for its clients, influences how the business world operates, and produces many of the world's business and political leaders.

What is the lowest position at McKinsey?

Does McKinsey only hire new grads?

At McKinsey, we hire people, not degrees. There is no set definition for what exceptional looks like, and we know it can come from anywhere. We believe in your potential, regardless of your pedigree.

Do you have to be smart to work at McKinsey?

The two assets that consulting firms have to offer are simple — smart people and a patented problem-solving approach. So if you want to get a job at McKinsey, expect to systematically prove your smarts.

What is the controversy with Mckenzie consulting?

But McKinsey's opioid scandal revealed this firewall to be porous at best. While crafting materials for incoming health and human services secretary Alex Azar in 2018, McKinsey allowed consultants advising Purdue to provide input. The memo removed language deemed as hyperbolic, such as “crisis” and “epidemic.”

Is McKinsey more prestigious than the Big 4?

The Big Three consulting firms are the most prestigious firms in the consulting industry, so career opportunities could not be better. Many alumni of McKinsey, BCG, or Bain now work in industry leadership positions and executive roles, such as CEOs, CFOs, or other C-suite positions.

What is the controversy with McKinsey?

The firm has been associated with a number of notable scandals, including the collapse of Enron in 2001, the 2007–2008 financial crisis, and facilitating state capture in South Africa. It has also drawn controversy for involvement with Purdue Pharma, U.S. Immigration and Customs Enforcement, and authoritarian regimes.

What is the hierarchy at McKinsey?

The McKinsey hierarchy structure progresses through a range of roles, starting with Business Analyst (post-undergrad) and Associate (experienced hires or post-MBA), then Engagement Manager (experienced hires with 10+ years of experience) and finally Partner (including Associate Partner, Partner, and Senior Partner).

How hard is it to get an interview at McKinsey?

Your resume, with a cover letter, is the first step to a very lucrative job at McKinsey. Yet, less than 30% of applicants receive a call for an interview. So, what is McKinsey looking for when screening your resume and cover letter?

How many hours do people work at McKinsey?

However, as a general rule, BCG/McKinsey associates are known to work long hours, typically averaging 60-80 hours per week or more. This often includes working on weekends and late into the night.