How hard is it to get a McKinsey internship?

The challenge is difficult; the selection process at McKinsey is exceptionally competitive, with less than 1% of applicants successfully securing an offer. Achieving an internship at McKinsey, renowned for its rigorous standards, is comparably demanding as obtaining a full-time role.

What is the acceptance rate for McKinsey internships?

Very! All McKinsey positions are highly competitive, and internship programs are typically more competitive than their full-time counterparts. The McKinsey internship acceptance rate is ~1% – 4 times lower than that of top Ivy League schools! Traditionally, between 5-10% of applicants receive interview invitations.

How many interns does McKinsey take?

McKinsey will recruit a class of about 800 interns with current first year MBA students being a large portion of that class, according to Kristin Altenburg, associate director of recruiting at McKinsey who also leads campus recruiting.

What is the rate of intern in McKinsey?

The estimated total pay range for a Intern at McKinsey & Company is $90K–$157K per year, which includes base salary and additional pay. The average Intern base salary at McKinsey & Company is $102K per year.

How hard is it to get hired by 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.

Summer Internship at McKinsey | Feat. Consulting Recruiting Hot-Tips

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.

How stressful is working at McKinsey?

From my perspective, in order, these were: Stress - with large pieces of complex work being completed on exceptionally tight time-frames. The intensity is high as are expectations - and your efficiency and accuracy therefore needs to be high (difficult when you're often sleep deprived).

How much do McKinsey interns get paid UK?

Intern salaries at McKinsey & Company can range from £3,600 - £60,000 per year.

Who is the highest paid Intern?

According to Glassdoor, fintech company Stripe currently tops the list of highest paying internships in the world with a median monthly salary of USD 9,064. – How much do Google interns get paid? According to Glassdoor, interns at Google get paid an average of USD 7,684 per month.

What is the pass rate for McKinsey interviews?

To land a McKinsey job offer, you'll need to nail each of your McKinsey final round interviews. Only about 20-30% of candidates pass McKinsey final round interviews.

Does McKinsey only hire Ivy League?

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.

Which McKinsey offices are hardest to get into?

Like all the MBB firms, McKinsey has offices worldwide, but its presence in Germany, Dubai, and China overpowers competitors both in numbers and in the range of expertise offered. Some of the most competitive offices to break into include McKinsey New York, McKinsey Chicago, and McKinsey Boston.

What degree is best for 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.

Is it hard to get into McKinsey London?

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 it impressive to work for McKinsey?

Excellent Exit Opportunities

McKinsey is one of the most well recognized brands in the world. Having the McKinsey name on your resume shows that you're smart, can work hard, and have worked on challenging projects for industry-leading organizations.

How selective is McKinsey?

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.

How much do Chan Zuckerberg interns get paid?

The average Chan Zuckerberg Initiative hourly pay ranges from approximately $44 per hour for an Intern to $123 per hour for a Software Engineer.

Is 40 an hour good for an Intern?

Interns at the upper-end of the list make more than $50 per hour — assuming a standard 40-hour workweek — which is more than double the average intern pay of $24.63 per hour.

How much do Stripe interns get paid?

According to the job search site's ranking, payment services company Stripe interns receive the highest average monthly salary, at $9,064. Your college major can influence your pay.

How much do McKinsey summer interns get paid?

Interns coming out of undergraduate or master's programs earn a salary of $15,000. Interns from MBA or PhD programs earn an average McKinsey salary of $32,000, with performance bonuses up to $8,000 and relocation bonuses up to $5,000. These intern salaries, of course, are for summer work (usually 10 weeks).

What does McKinsey pay in London?

Average McKinsey & Company Consultant yearly pay in London, England is approximately £70,971, which meets the national average. Salary information comes from 60 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.

What is the lowest position at McKinsey?

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.

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.