What Do Consultants At McKinsey Do?

What do consultants do at BCG?

Generalist Consultant BCG consultants work on varied projects across topics and industries, analyzing problems, discovering insights, delivering recommendations, and making change happen for our clients..

Which is better BCG or McKinsey?

BCG has a more analytical focus, McKinsey is more focused on structure and story. At both firms, I felt that that the quality of the work was incredibly high. However, there is a dramatic difference in what people focus on in the day to day work.

How many times can I apply to McKinsey?

Is it fast, not always… in this case, it was a three to four year process. The stated reapplication policy (not sure if it is a formal rule or just a cultural one), is you can reapply in two years.

How hard is it to get into McKinsey?

For instance, according to former McKinsey managing director Dominic Barton, the firm receives about 200,000 applications from interested candidates, but only about 2,200 of them get hired. In other words, anyone applying to the firm only has a 1% chance of getting hired.

How much does a partner at McKinsey make?

Associate Partner salaries at McKinsey & Company can range from ₹48,01,150-₹55,75,383.

Do consultants make a lot of money?

Entry-level consultants make the most of new recruits than any other industry at $135,000 median starting salary, higher than even finance, where it’s $125,000. That’s even higher with elite business schools: Wharton MBAs start at a $165,000 median salary, as do those coming out of Harvard Business School.

Does McKinsey pay well?

Salaries at McKinsey & Company, Inc. range from an average of ₹347,692 to ₹3,482,216 a year. … employees with the job title Management Consultant make the most with an average annual salary of ₹1,898,955, while employees with the title Management Consultant make the least with an average annual salary of ₹1,898,955.

What does McKinsey look for?

No matter where you come from, McKinsey looks for the same qualities in all its candidates. It boils down to three qualities, Brian explains. They look for problem solving, the ability to work well in teams, and the ability to develop strong relationships.

What does it take to be a McKinsey consultant?

McKinsey firm members come from a variety of backgrounds. People with bachelor’s degrees who are interested in consulting typically join our firm as business analysts, also known as fellows in some offices. Some stay for two or three years before attending graduate school or gaining further work experience.

How many hours a week do McKinsey consultants work?

Those projects are really interesting to work on because you go really deep in 2 weeks on whatever you’re doing but it’s not a pace that you want to sustain for too long. Generally speaking though, it was usually a 60-70 hour working week.

Do McKinsey consultants travel a lot?

How much traveling does a McKinsey consultant do? … It changes a lot depending on tenure, office, industry you specialize in and of course how much you are willing to travel. From BA to EM, you should expect working in a city other than your office roughly half of the year.

Does McKinsey pay for MBA?

Short answer: Yes. It’s quite common for McKinsey, BCG, Bain, Deloitte et al to offer to fully pay MBA tuition for their existing employees (eg Susan has been at McKinsey for two years and wants to get her MBA).

What type of consulting does McKinsey do?

McKinsey & Company provides strategy and management consulting services, such as providing advice on an acquisition, developing a plan to restructure a sales force, creating a new business strategy or providing advice on downsizing, according to the 2013 book, The Firm.

What do consultants actually do?

Consulting is the business of providing expert advice to a specific group of people. So what do consultants do? In a practical sense, they advise. They pull from their niche experience, industry understanding, and problem solving abilities to offer valuable advice to a specific type of client or group of people.

Do consultants have to travel a lot?

Consultants travel frequently, and a typical schedule is to fly out on Monday morning, fly home on Thursday night, and work from the home office on Friday. The exact schedule varies based on the consulting firm and the client. A benefit of the travel, is getting to see new places on the company’s dime.