Do you need an MBA to work at McKinsey?

', the short answer is no – you do not have to have an MBA to break into McKinsey. Here at Management Consulted we've known candidates, and have even coached a few, who got offers with McKinsey with no MBA.

What degree do you need to work at McKinsey?

MBA candidates

McKinsey is a top destination for people with master's degrees in business administration. Typically, nearly half of our incoming consultants have MBAs, and we're fully committed to finding top talent from business-school programs around the world.

Do you need a business degree to work at McKinsey?

You don't need a business background to succeed at McKinsey. More than one-third of McKinsey consultants don't have business degrees, and about half don't have MBAs.

Do you need an MBA to work in consulting?

An MBA is not a requirement to enter the field of consulting unless you plan to work for a top management consulting firm. Several years of work experience in your field is often enough to showcase your expertise as a consultant.

Is it hard to get a job at McKinsey?

McKinsey reportedly receives more than a million applications per year and hires less than 1% of them. The Top 3 consulting firms are among the ten most selective employers in the world and it is notoriously difficult to receive a job offer.

Do you need an MBA to work at McKinsey, BCG, or Bain?

Does McKinsey care about GPA?

At McKinsey, BCG or Bain, a candidate should have at least 3.6 GPA to insure against any doubts about academic achievements. However, lower GPAs do not automatically disqualify a candidate; a 3.2-GPA resume can still pass to the next round if it shows outstanding achievements elsewhere.

Does McKinsey pay well?

At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.

Will McKinsey pay for MBA?

McKinsey also offers 50% off second year MBA tuition for returning interns. A McKinsey consultant salary for master's graduates comes in at $100,000 with performance bonuses of up to $30,000.

Does McKinsey hire from non Ivy League?

Smaller consulting firms, instead of trying to steal the most driven people from big state school like UConn rather have McKinsey's rejects than come to a school that is not part of the secret gated community of elite universities and prestigious companies.

How can I break into consulting without MBA?

Do research on LinkedIn, on the firm websites, and ask consultants at those firms. Look on firm websites for specialized consulting roles that match your background/experience. These roles tend to get fewer applications than the generalist role so they are less competitive. Don't spam several people at the same firm.

Does McKinsey hire out of college?

McKinsey is known for being the first major management consulting firm to recruit employees straight out of college. Today, this program remains a key source of talent for the firm.

Does McKinsey hire undergraduates?

McKinsey are a dream company for many business-minded undergraduates and MBA students alike, with thousands applying for junior roles every year. McKinsey are also prolific recruiters on lots of business school campuses, including Harvard Business School and MIT Sloan School of Management.

Does BCG only hire Ivy League?

No, MBBs actually do a lot of hiring outside of top-tier schools. In the past, it was very rare for MBBs to recruit outside of their target schools, but this has changed a lot and continues to change each year.

Which university does McKinsey hire from?

Princeton University

Princeton grads are represented at all three MBB firms, making up 2.8% of McKinsey hires, as well as 3% each of BCG and Bain recruits. While still in school, students can apply for the Princeton University Nonprofit Consulting group.

Where do McKinsey hire from?

McKinsey hires from some of the best business schools in the world, including Harvard, Stanford, INSEAD, and HEC Paris, and there are a diverse array of MBA jobs at McKinsey for students after a career in consulting.

Which universities does McKinsey hire from?

Not surprisingly, the target schools at McKinsey include the big brand powerhouses that dominate the top of most MBA rankings. It will surprise no one to know that every M7 school is on the list: Harvard, Stanford, Wharton, MIT Sloan, Booth, Kellogg and Columbia.

Is Cornell a target school for McKinsey?

The next tier of most popular feeder schools make up nearly 14% of McKinsey recruits. They include the University of Pennsylvania, Duke University, Brigham Young University, Rice University, The University of Sydney in Australia, and the University of Chicago, Stanford University and Cornell University.

How prestigious is McKinsey?

McKinsey, Bain and BCG (the Big Three or MBB) are by far the most prestigious consulting firms – as surveyed by Vault in 2020. Within MBB firms, McKinsey is the most prestigious and well-known, both inside and outside the industry.

How hard is it to break into consulting?

Consulting is the most popular career path for MBA students, and consulting jobs are extremely competitive. This means there are a lot of very hard-working people competing to get some very prestigious jobs. The biggest problem is that most candidates are working very hard to get a job they know almost nothing about.

How many MBAs does McKinsey hire each year?

By the numbers, McKinsey foresees hiring and internships holding steady with 2019 totals. Last year, according to the firm, McKinsey hired more than 1,000 people from MBA programs, not counting 500+ interns.

Who pays more McKinsey or BCG?

MBA/PhD hires

For MBA and PhD hires, salaries and bonuses for the MBB firms remained unchanged, with Bain and BCG edging ahead of McKinsey in terms of total compensation for the second year running.

Is McKinsey a big 4?

The big four consulting firms that account for nearly 40% of the industry are PwC, Deloitte, EY, and KPMG. These are followed by McKinsey & Company and the BCG – US strategy giants. There are several reasons for an MBA graduate's fascination with consulting careers.

Is working at McKinsey stressful?

The Work is Stressful

Working for McKinsey is not for the weak of heart. The Firm places an incredible amount of responsibility on every consultant, regardless of level. Get ready to be pushed to your limits and expected to perform.

How many hours do you work at McKinsey?

MBAs at McKinsey & Co., one of the most prestigious employers in the world, told TransparentCareer that they work an average of 72 hours per week.

How is work/life balance at McKinsey?

McKinsey provides amazing work environment which is equally tough as well. It provides flexibility and the firm policies are too good. Very competitive and demanding work in which one has to keep challenging herself to strive better.