Vault Employer Profiles - Mckinsey & Company

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EMPLOY PROFILE
VAULT EMPLOYER PROFILE:

MCKINSEY & COMPANY

BY THE STAFF OF VAULT

© 2004 Vault Inc.

Copyright © 2004 by Vault Inc. All rights reserved. All information in this book is subject to change without notice. Vault makes no claims as to the accuracy and reliability of the information contained within and disclaims all warranties. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, for any purpose, without the express written permission of Vault Inc. Vault, the Vault logo, and “the most trusted name in career informationTM ” are trademarks of Vault Inc. For information about permission to reproduce selections from this book, contact Vault Inc., 150 W 22nd Street, New York, New York 10011, (212) 366–4212. Library of Congress CIP Data is available. ISBN 1–58131–335–7 Printed in the United States of America.

McKinsey & Company

Table of Contents
INTRODUCTION 1
Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 McKinsey & Company at a Glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

THE SCOOP

3

ORGANIZATION

15

Managing Director: Ian Davis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 Practice Areas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 Locations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 Key Competitors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19

VAULT NEWSWIRE

21

OUR SURVEY SAYS

25

GETTING HIRED

31

Interviewing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31 Questions to Expect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37 Questions to Ask . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39 Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .40

Visit the Vault Consulting Career Channel at www.vault.com/Consulting — with insider firm profiles, message boards, the Finance Job Board and more.

iii

ON THE JOB

41

A Day in the Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .41 Job Descriptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .44 Career Path . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .46

FINAL ANALYSIS

49

RECOMMENDED READING

51

iv

© 2003 Vault Inc.

McKinsey & Company

Introduction
Overview
In the industry and among its employees, McKinsey & Company is known simply as "The Firm" – need we say more? With 82 offices and around 7,000 consultants worldwide, McKinsey serves more than two thirds of the Fortune 1000, or 85 of the world's top 100 companies. McKinsey's founder, James O. McKinsey, pioneered the idea of management consulting when he launched the firm in 1926. But it's Marvin Bower, with McKinsey since 1933, who is credited with shaping the firm's values, including a relentless drive for excellence, a mandate of putting the clients' needs before the firm's, and an insistence on discretion in financial matters. Indeed, the notoriously tight–lipped company rarely publishes the names of its clients, which include huge global companies, innovative startups, wealthy commercial banks, leading venture capital firms and vast technology companies. McKinsey also provides pro bono assistance to educational, social, environmental and cultural organizations. McKinsey emerged from the Internet gold rush days relatively unscathed compared to competitors, though it suffered its own PR challenges as it found its name linked with scandal–plagued companies like...
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