McKinsey , a professor at the University of Chicago. The firm was shaped by the early leadership of Marvin Bower, managing partner from to Bower established that it was the obligation of every McKinsey consultant, even the most inexperienced on a team, to dissent if he or she did not believe that the team was making the best decision or recommendation for the client.
McKinsey is the largest strategy consulting firm in terms of revenues and number of employees, though the consulting arms of the Big 4 accounting firms are larger. The strategy consulting firms help their clients address high-impact business questions, such as:. As the consulting industry grew and became more competitive, McKinsey was an early adopter of functional practices.
Early consultants were generalists, expected to be able to solve just about any type of business problem. McKinsey recognized that there was value in not re-creating the wheel with every client case and adjusted its business model to provide this deep functional expertise in the most efficient way possible.
It did this by recruiting experienced hires with deep functional expertise in addition to its traditional recruiting at colleges and universities and by creating functional practices. Deep functional expertise helps McKinsey to solve many types of client problems quickly and more efficiently by bringing in consultants with years of relevant experience rather than having a generalist build that knowledge from scratch. At the highest level, the top strategy firms look fairly similar.
They all recruit bright candidates from selective undergraduate institutions, business schools, and other programs. They all train them in problem-solving excellence and leadership skills to enable them to solve tough business problems. Solving a problem from first principles means that instead of depending on knowledge gained from solving similar problems before, the consultants would treat it as unique and solve it from scratch.
Bain has the reputation as the most collegial of the strategy firms, where colleagues not only work together but socialize in the evenings or on weekends. You must give your interviewers compelling proofs that what you are saying is not a list of random, copied-and-pasted arguments. Instead, you can use these 4 compelling proofs to show your interviewers that you have seriously thought about why you want to work for them :.
First, you talked to at least one Consultant from the firm even better if these Consultants work in the particular office you apply to. There is no better proof than this one. Not only does it show your motivation, but also, that you probably understand what they are doing and how they are doing things.
Thus, networking is key: talk to as many Consultants as possible! For instance, you have hereafter an interview with Juliana, an ex Bainie who managed to get a job offer from McKinsey and Bain along with 5 other offers!! In this interview, you will have lots of insights about the specificities of the BCG. Secondly, you have worked with a Consultant from the firm.
Maybe during an internship or during your previous job, you had the chance to work with a team of Consultants from the firm you have an interview with. If this is the case, say it. Actually, this shows that you understand how they work. Thirdly, you have read reports they have written or did research on their websites.
This is another proof that you understand what they are doing. Plus, this shows you did some homework and your motivation to join this particular firm.
Fourthly, you can connect a reason why you are interested in joining this firm with your past experiences. This is exactly how I envision the next step of my career: deliver real, tangible value to my clients. Hence, I will have the opportunity to work with top-notch experts from all over the world and learn a lot from them.
I find it very stimulating to work in such an international environment. Thirdly, because of the leadership of the McKinsey Casablanca office in the Public sector. Thus, I will have the opportunity to work on projects that will deeply impact the North Africa region. Given my personal bond with Africa, I want to play a key role in shaping African public organizations for the next decade.
To conclude, if you want to learn more about the McKinsey hiring process, check this article. From these conversations, I understand that you are doing a lot of projects in the Financial Services industry. This is one of the main reasons why I am so much interested in working here. Not only, did I love my 6-month internship at Bank of America, but also, I find the issues at stake in this sector — such as the rise of fintech companies — fascinating.
I am really excited to join your teams and work on such projects. Besides, during the event organized by your firm at [your school name], I met [Consultant Name] and [Consultant Name]. We talked a lot about the Boston Consulting Group culture, and they both mentioned how the Boston Consulting Group is an incredibly diverse place.
For instance, they worked with people from so many different backgrounds such as Medical Doctors, or with people with a Ph. This diversity is one of the reasons why I decided to join my [school name], and I look forward to continuing to work in a similar environment.
To conclude, if you want to learn more about the Boston Consulting Group hiring process, check this article. McKinsey has offices in over cities spanning over 60 countries, BCG has offices in more than 90 cities in 50 countries, while Bain has only 59 offices in 37 countries. Compared to MBB firms, McKinsey also leads the pack when it comes to the number of practices the total number of industries plus functions.
To deliver a convincing answer, bear in mind the below strategy and checklist. What they do care about is HOW you deliver them. Hence, the key is to implicitly show off qualifications and consulting traits , i.
Strictly avoid mentioning sensitive topics such as salary, prestige, glamorous lifestyle, etc. Step 2: Personalize them. The ideas above are my personal insights. That said, only choose the insights that resonate the most with you. That way, your answer will also sound more sincere. Step 3: Structure them. For each part, I will give three among the insights above. Step 4: Collect strong data to backup each argument. Every sentence of your answer must be backed by strong evidence. Kick start your consulting prep with our Prospective Candidate Starter Pack Over 50 tips and tricks, 12 sample tests, a framework dictionary and an example from our premium Case Interview End-to-End Secrets Program.
Wonder how much consultants are paid? This article has a comprehensive list of salaries at top management consulting firms, updated Lost your password? Consulting 16 8. Related Articles. Yet however bad it gets, most of the stress is internally generated—or at least internally exaggerated—by the McKinsey team or consultant themselves.
It almost goes without saying that people work very hard. Hours are long, and travel is frequent. McKinsey teaches its consultants to think in a highly structured way, but the organization itself is rather loose and fluid. Rules are rarely codified and seldom enforced to the letter. Exceptions can always be made, and the strength and breadth of your internal network will often determine which way something goes. In the end, though, the place can have a temporary feel to it.
Old faces leave, and others begin to change. Turnover is high, and after a while you may no longer recognize most of the people in the cafeteria.
Some do stay to make a career of it, but for most, McKinsey is a stepping-stone and not a final destination. Working at McKinsey for just years will define the rest of your work life—you will learn unique work habits, ways of thinking and communication, and create friends and expectations that you will carry over.
All of this will undoubtedly be reminisced about at frequent alumni events. McKinsey, BCG and Bain receive thousands of applications every year—over one hundred per available job in fact. To give yourself the best chance of being offered an interview, make sure to check out our free Resume and Cover Letter Courses.
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