McKinsey & Company FAQ

All answers shown come directly from McKinsey & Company Reviews and are not edited or altered.

37 English questions out of 37

15 June 2020

What is health insurance like at McKinsey & Company?

Pros

Good healthcare benefits, lots of education offerings

Cons

Competitive environment, delayed start date

Good healthcare benefits, lots of education offerings

15 June 2020

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11 December 2019

Does McKinsey & Company pay for a gym membership?

Pros

pay well, slightly above the industry norm benefits are very comprehensive free food every day free inhouse gym

Cons

very little career progression work life balance is terrible, thats not through self disipline but the constant demands

Advice to Management

you have not addressed the clear divide within support staff and the consultant team

free inhouse gym

11 December 2019

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12 June 2018

What is the retirement plan like at McKinsey & Company?

Pros

Great firm that abides by its values. Employees have an excellent benefit package with 401K matching. Good training is provided for the position and an added perk are free Friday lunches.

Cons

Because of the all benefits that are offered, the salary is low compared to other comparable positions.

Advice to Management

Keep up with the cost of living because a lot of employees have to live an hour or more away in order to afford housing.

Employees have an excellent benefit package with 401K matching.

12 June 2018

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7 October 2019

Does McKinsey & Company offer dental insurance?

Pros

-Most, if not all, decisions are values-driven which is great -Very competitive healthcare benefit (medical and dental) -Generous Year-end baskets/incentives as well as bonuses -Non-hierarchical and not much politics -Most employees are very professional -Great company to start with if you are a fresh graduate

Cons

-Salary is not that competitive. It seems that it's based on your previous salary and not on the skills/experience that you have -Low annual salary increase -Very limited career advancement opportunities. If you get in at an Assistant/Administrator level, you will be stuck in the same position for the next 3 - 5years -Some managers are not trained enough with regard to Career management of their team members -Very manual process in most HR requests, SLA is not always met -Very strict when it comes to Work From Home policy, which is now a standard benefit in some companies, even in other McKinsey offices globally -Activities like CSR, year-end parties, halloween parties, etc require volunteers to happen instead of HR members taking care of all the planning. It's an unusual practice for an MNC

Advice to Management

-Revisit the salary structure especially for experienced hires -HR should check the reviews here in Glassdoor because it seems that there are a lot of things that needs to be improved, and this should be addressed during one of the townhalls -Engage with an experienced HR/HR Data consultant to ensure that are processes are on a global level (Leave/OT tool, COE requests, HR-related initiatives, etc) -Revisit the work from home policy given that it's now becoming one of the benefits in other MNCs -Flexitime should be implemented in some teams/functions that do not necessarily need to be in the office for 9 hours during lean season

-Very competitive healthcare benefit (medical and dental)

7 October 2019

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22 May 2018

Does McKinsey & Company have a pension plan?

Pros

Opportunities to work with very smart colleagues for very high profile clients. Very good pension support and employee benefits (insurance, days-off, etc)

Cons

Extremely long working hours with no overtime pay. Need to work overseas extremely frequently (at least once a week)

Very good pension support and employee benefits (insurance, days-off, etc)

22 May 2018

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37 English questions out of 37