| Topic Name: |
MCKINSEY POWER |
| Message Name: |
from AC to strat |
| Date Posted: |
01/05/2000 |
| In Reply To: |
First, the money is okay at McKinsey, but most everyone choosing McKinsey will have had another offer worth more money. New Associates starting in '99 were paid $100k/year by the end of 1999. Signing bonus was $15k with a $10k kicker if you were a summer associate.
If one decides to stay with the Firm, the average McKinsey director makes $3M/year, although it's a function of profitability. Starting directors are closer to $1.5.
Still, the real reason to go to McKinsey. The signal. McKinsey is a fantastic signal that companies really value and that instills a certain option value.
That option value is quite large to those who aren't sure what they want to do.
It's also quite large for those who have a goal and are able to work their McKinsey staffing to give them experience along the lines of that goal.
However, McKinsey becomes rather worthless if your staffing doesn't align well with your professional goals. For example, if you want to do e-commerce and find yourself being staffed on major upstream oil companies. |
| Message: |
Hi Former McK:
I work for AC in the process competency. From previous posts I understand that is where you worked as well and you appear to have moved on to McK and elsewhere from there.
I am curious as to why you chose to leave AC to go to McK and not move into Strat. Serv. within AC? How does Mck strat work and people compare with AC Strat Serv and Process work/people.
Working in Process but mostly on strat projects and in strat roles (of course with Process pay... but that is another issue) I am curious whether you have any advice on how to move out of AC/Process into Strategic Services or perhaps even to a pure strat firm altogether.
Thanks for your help.
Regards,
ACer
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