McKinsey & Company (IT Consulting)

Also Known As: McKinsey, McKinsey & Co, McKinsey and Co

Consulting - Information Technology

VAULT RANKINGS 2013

#1 Prestige

#7 Public Sector

#8 Outsourcing

GENERAL INFO

Headquarters: New York, NY
90 offices
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THE BUZZ…

"Best of breed"
"Known for strategy, not execution"
"Uber-selective and sophisticated"
"Highly arrogant and stressful culture"

NEWS AND UPDATES

Vault's Scoop

Uppers

"You will never be around so many smart people at once [anywhere else]"
"Incredible, interesting problems to solve"
Uncontested reputation in the industry

Downers

"Having the right relationship with your boss is one of the few real ways to progress"
Up-or-out culture
"A 'corporate' mindset is maybe more required than in other similar companies"

ABOUT THIS COMPANY:

What’d you expect?

Though not as universally known for its business technology expertise, McKinsey is nonetheless a powerful force in the technology consulting field. The firm’s tech practice, created in 1997, is known as the Business Technology Office. The structure of projects undertaken by the practice is similar to those of the management consulting practices in that the consultants work in teams, but they may be drawn from any McKinsey office. Additionally, the client’s experts tend to work alongside the team as part- or even full-time members. Services include near-shoring and offshoring of end-to-end operational processes; IT architecture; IT cost assessment; IT governance and organization; and IT in operations, such as enterprise resource planning and software configuration management. Among the industries targeted are banking, insurance, telecom, information services and software, media and entertainment, healthcare, and the public and retail sectors.
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From the Community

McKinsey REVIEWS

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McKinsey SALARIES

McKinsey & Company (IT Consulting) salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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McKinsey SURVEY SAYS

The best and the … humblest?

"Contrary to the reputation," say insiders, McKinsey has a "great culture." Staff are universally lauded as being exceptionally smart, but while one might assume that that lends an air of "arrogance" (as one U.S.-based consultant puts it), a source in France reckons that "people are nice and relatively humble." Perhaps that comes from a culture where there is a constant emphasis on performance improvement—and not only in terms of the client's business. "McKinsey's most distinctive attribute is its overhaul on feedback," says one source. "From the moment you walk in, you're being groomed to be a partner and you're constantly receiving feedback in order to help you reach that bar." The type of feedback, meanwhile, is described as "90 percent developmental." The makeup of the other 10 percent, however, remains a mystery.

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DISCUSSIONS

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Getting Hired

Tips from the inside

Pay attention to details

McKinsey's hiring process is the stuff of legend, with a highly prescriptive format involving experience and case study interviews. So well planned is the interview process, in fact, that the firm devotes a substantial section of its careers site to telling prospective candidates exactly what it expects from them and, in turn, what they should expect from it. This includes everything from advice on laying out a resume to a (count 'em) 23-minute video detailing the interview experience—a must-watch for any prospective McKinseyite. Undoubtedly, it's the case studies for which McKinsey is best known, and the firm includes plenty of help (more than half of the video time, plus a couple of in-depth, interactive practice cases) so that candidates will have an idea of what they'll encounter.
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