What is the acceptance rate for McKinsey MBA?

In fact, the McKinsey recruitment process is considered one of the most competitive processes in the corporate world with just a ~1% acceptance rate. For reference, Harvard's acceptance rate is ~5%.

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.

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.

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.

How much do McKinsey MBAS make?

McKinsey & Company and Bain & Company, which offer the highest overall compensation packages among the Big Three, each offer base salaries of around $192,000 per annum. Bain also offers performance bonuses of up to $63,000 to MBA graduates, while at McKinsey the figure is $40,000.

McKinsey, Bain delay start dates for new MBA hires

Which MBA has highest salary?

Which Big 3 consulting pays the most?

McKinsey & Company is the last, and highest paying Big 3 MBB consulting firm on this list. McKinsey is arguably the most prestigious consulting firm of all tier 1 companies and consistently attracts the top Fortune 500 clients to its offices around the world.

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.

How stressful is working at McKinsey?

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).

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.

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.

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.

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).

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.

What is the lowest position at McKinsey?

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 highest paying job at McKinsey?

The highest-paying job at McKinsey & Company is a Partner with a salary of $417,634 per year. The lowest-paying job at McKinsey & Company is an Administrative Assistant with a salary of $49,431 per year.

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.

Is McKinsey really worth it?

Is McKinsey & Company a good company to work for? McKinsey & Company has an overall rating of 4.2 out of 5, based on over 11,142 reviews left anonymously by employees. 83% of employees would recommend working at McKinsey & Company to a friend and 69% have a positive outlook for the business.

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.”

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 percentage of people get into McKinsey?

In fact, the McKinsey recruitment process is considered one of the most competitive processes in the corporate world with just a ~1% acceptance rate. For reference, Harvard's acceptance rate is ~5%.

How much does McKinsey pay for MBA 2023?

McKinsey Associate salary 2023 (MBA/Experienced, Senior-level) McKinsey Associates in the US may earn up to $200,000 per year in salary, with a $153,000 base and a $34,000 performance bonus. Meanwhile, McKinsey Associate salary in other developed countries fluctuates between $120,000 to $180,000.

How much is McKinsey bonus?

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. These numbers are just starting salaries.

Who pays more McKinsey or BCG?

Deloitte is on the top with a total package of $228,000 to start. Its $147,000 average base is on level with Boston Consulting Group (BCG) and ahead of McKinsey ($145,000) and Bain ($140,000).