How hard is it to get an offer 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.

How do graduates get into management consulting?

There’s work on different projects across varying sectors. The perks: You’ll receive first-rate training and develop important transferable skills that will be valued by all future employers. The salaries and rewards can be among the highest for graduates as your progress up the career ladder.

Do you need a Masters to get into Mckinsey?

Many of our new hires come from undergraduate institutions, while a significant portion hold advanced degrees with several years of work experience.

What do management consultants like McKinsey do?

Quite simply, management consultants, like McKinsey, help their clients solve problems. Let’s unpack this statement and analyze each component a little more carefully to get more insight. Let’s start by looking at an actual verbatim statement from one the preeminent management consulting firms, McKinsey, about what they do.

Why should you engage with a consulting firm?

The leading consulting firms have built up critical expertise in key areas. Thus, when companies face mission-critical challenges or problems that require that expertise, an efficient way to resolve the issue can be to engage with a consulting firm.

Who are the primary customers of consulting firms?

While each consulting firm will have a different client base (and sometimes different sector focus), the primary customers of many consulting firms come from the first category: leading businesses. We’ll revisit this more below.

Do the firms have the muscle memory or in-house expertise to succeed?

While both firms have done small acquisitions in the past, neither firm has ever attempted a merger of this scale. Thus, neither will have the muscle memory or in-house expertise to confidently execute well. Note the operative word confidently here.