How hard is it to get a McKinsey job?

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.

What GPA do u need for consulting?

Do You Need a 3.6 GPA for Management Consulting? At McKinsey, BCG or Bain, a candidate should have at least 3.6 GPA to insure against any doubts about academic achievements.

What degrees do consultants have?

Consultants usually hold degrees in business administration, finance or economics. However, degrees in psychology, marketing and computer science are common as well among business consultants. To work in a particular industry, consider a minor in that field in addition to a business degree.

Why is consulting so hard to get into?

Role type. Due to the limited numbers, consultancy firms usually hire a single type of generalist consultant. Therefore, if you do not fit this all-purpose general model, you might struggle. Consultancies also want people slightly to the left or right of this perfect generalist.

Is there a need for consultants right now?

There are some businesses that have an urgent need for consultants right now – therefore, you should not wait any longer if you have been considering breaking into the consulting industry. Consulting is the practice of offering third party, also known as a client with expertise on a particular matter in exchange for a certain amount of fee.

Is a career in consulting a good choice?

However, consulting also happens to be one of the most competitive careers in the world. For example, McKinsey (one of the Big 3 consulting firms) only accepts around 1\% of the candidates who apply, which is a lower acceptance rate than Harvard’s prestigious MBA programme.

How hard is it to become a consultant after graduation?

You will find it difficult to step off the graduation stage and right into a position as a consultant since much of the advice and expertise will come from experience dealing with similar situations. Once you have work experience for at least 2 years and your degree, you can look into jobs.

How many years of work experience do you need to become a consultant?

Some people assume that you have to have many years of work experience to qualify as a consultant. If you have either very strong natural consulting skills or very specialized expertise, you can still act in a consulting role even if you can count the number of years you have been in the workforce on one hand.