How many hours a week at McKinsey?

The working hours in such firms generally lie between 60 hours to 80 hours per week. The working hours really vary from project to project. Every project has a different context, and requires a different kind of working style.

Is there work-life balance at McKinsey?

Despite all the pressure while working at McKinsey, one may gradually achieve more balanced work-life harmony through diligent effort and planning. There are two key elements to this work-life balance plan.

What is the average time 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.

How many hours does a partner work at McKinsey?

On a very high level, a rough average of all the Partners I met in almost 5 years in McKinsey, they'd work from 9 to 9 (12h) every day, with a potentially shorter day on Friday. However, there is a significant variability here. Here are some of the factors (among others):

Do consultants work 40 hours a week?

How many hours do consultants work? While this varies by firms and nature of clientele, you'll be working at least 40 hours a week. Big 4 firms (Deloitte, KPMG, EY and PwC) average 40-50 hours per week, whereas MBB firms average closer to 60 hours per week.

The Ultimate Beginner's Guide to Consulting! (Hours, Lifestyle, Compensation, Pros & Cons)

Is 40 too late for consulting?

Changing careers into the world of management consulting is not uncommon, even among people in their 30s and 40s. So if you're one of the many people thinking of making a career change at 40, you're in luck.

Do consultants work 80 hours a week?

MBB consultants usually work 50-60 hours per week, most of it concentrated from Monday to Thursday. There may be some 60+ hour weeks, but again this is not seen as a norm or goal – it's usually driven by tight timelines, upcoming deadlines, or an especially intense project.

How many days of PTO at McKinsey?

McKinsey & Company's PTO and Vacation policy typically gives 20-30 days off a year with 67% of employees expected to be work free while out of office. Paid Time Off is McKinsey & Company's most important benefit besides Healthcare when ranked by employees, with 49% of employees saying it is the most important benefit.

How long should you stay at McKinsey?

And that summary is that the perfect time to leave is between 21 and 30 months – or more readily stated as just less than 2 years up to 2.5 years or so. You might be looking for the perfect opportunity right through that window.

How much does a first year McKinsey Partner make?

The estimated total pay for a Partner at McKinsey & Company is $417,634 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $248,419 per year.

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 are the odds of getting hired at McKinsey?

The odds of getting hired by McKinsey & Company are less than 1%. Deemed one of the "Big Three" consulting firms, a job at McKinsey is more than coveted.

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 is the top reason for quitting a job at McKinsey?

Why People Quit. McKinsey's survey showed that the top reason for quitting a previous job is a lack of career development and advancement. Having bad managers also drives people away, with 34% of more than 13,000 respondents stating that having uncaring and uninspiring leaders was why they left.

Are McKinsey employees happy?

How satisfied are employees working at McKinsey & Company? 83% of McKinsey & Company employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated McKinsey & Company 2.9 out of 5 for work life balance, 4.0 for culture and values and 4.4 for career opportunities.

Can husband and wife work at McKinsey?

A senior partner at McKinsey strives with his wife, the president of a global not-for-profit organization, to support the other's success. “It's always been a co-pilot situation,” he said.

Do you travel a lot at McKinsey?

McKinsey Careers: Heavy Travel

time. People at McKinsey are staffed on global projects and they're staffed not necessarily with folks that are in their own office. You could be staffed with people from three different offices, so you've got to travel to the client every week.

What is the cool off period for McKinsey?

There is a cool of period, usually 12 months for internship applications and 24 months for full-time applications. If you are able to network during the on-campus recruiting and get a strong referral + have significant improvements on your resume, it might be that your application will be considered earlier.

Is it prestigious to work for McKinsey?

Along with Bain and Co and the Boston Consulting Group, McKinsey is one of the three most prestigious consulting firms in the world – generally considered the most prestigious. Working at McKinsey is as satisfying and stressful from the inside as it seems prestigious and glamorous from the outside.

What is McKinsey 401k match?

Historically, McKinsey has made employer contributions of 12% of your salary, split between the 2 funds, though the final decision on contribution level is made annually by the Board of Directors. This is a very generous contribution.

What are the perks of working at McKinsey?

Generous maternity and paternity leaves. Life and business travel accident insurance. Learning programs (including unlimited access to e-learning courses), coaching/mentorship opportunities, and feedback culture. Professional development opportunities for career growth across the firm.

Does McKinsey hire off cycle?

McKinsey Recruiting Cycle

Undergrad, MBA, and APD recruiting are generally on-cycle. Professional hires generally go through off-cycle recruiting and can interview for McKinsey throughout the year.

What is beach time at McKinsey?

Consultants who are not staffed on a project are considered to be 'on the bench' or 'on the beach'. During this time, they do various pieces of internal work to support the office and other teams.

How long do most consultants last?

Management consultants often quit their job after 2-4 years. Some are attracted by offers with higher pay, more autonomy, or better work-life balance; others quit to get new experience and refresh their learning curve, or to pursue other long-term plans.

What do McKinsey partners make?

The average McKinsey and Company salary for employees with the title Partner is $402,000 per year, with a very wide range of $199,000 on the low end to over $1,000,000 on the high end. It takes 6-10 years to reach Partner if you start at McKinsey after earning an MBA.