During that time I worked on projects around the world on a wide range of innovation-related subjects. level 2. However, it is growing faster than any other practice within McKinsey and the demand for implementation expertise from clients is growing tremendously as well. Higher fixed pay than the market (the variable pay, however, is much lower than the market. Does it vary by locale? Nice! It is so clearly transparent that they are 'cheating' that it's painful. ... help Reddit App Reddit coins Reddit premium Reddit gifts. Associate salaries at McKinsey & Company can range from $142,600 - $196,422. I also interviewed many applicants for associate and analyst roles in Canada and elsewhere. McKinsey, Bain and Boston Consulting Group (BCG) – known collectively as the MBB firms, or the Top Three– have formed the elite the consulting world for years – they pay the most, and provide the best opportunities for a subsequent career in the corporate or financial world.. 4) I also have interview with BCG (final round) but have not heard from Bain (applied for Consultant role), and if what I understand from this forum is correct, than base your decision on "fit" between Mckinsey traditional path (Associate role not implementation) vs BCG vs Bain (assuming location is the same). Any practices you've leveraged from McKinsey or adopting your own new business growth techniques? Brand name and recall in India and globally 2. I spent 5 years working as an innovation strategy consultant at McKinsey in the Montreal office. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. 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I think that the biggest myth is that McK folks are robotic automatons that can only think and communicate in excel and powerpoint. If all they talk about is how they used facts and rational arguments then it's clear that they are not as dialed into empathy as we need them to be. I joined McKinsey in a mid-sized office in the US as a Business Analyst out of undergrad (top 5 engineering school). Which of the two positions me best to transition into a BizOps/Strategy role in Tech? You’ll work closely with our client project teams, providing end-to-end support to ensure the clients are able to deliver and sustain the full benefits of McKinsey’s recommended change in their business. Going to a non-target school can be a barrier to entry to MBB. Posting as : a Consultant Consulting Thoughts on McKinseys Implementation practice? Implementation matters. The time to make the jump between each role is similar, but with the Implementation track there is less of the stress to make the promotion soon. Free interview details posted anonymously by McKinsey & Company interview candidates. Brand name and recall in India and globally 2. Salaries posted anonymously by McKinsey & Company employees. Also, McKinsey, Bain, BCG report tear downs. Get a constantly updating feed of breaking news, fun stories, pics, memes, and videos just for you. To do that you have to really question basic assumptions about the industry/company/product and how money is made. It´s just a more especialized branch that has always existed and has always had demand, but now fully branded, with a name, etc. Just my two cents. Learn from the best. Bad - I once interviewed a guy who was so cocky, so confident, that when I asked him '...and what did you learn from that experience?' you're not at a true target school but at a "sort of target school" and they only took 2-3 people from that school. That's why we include creativity as a crucial component to a good case answer. +6 books. things the McKinsey way, but their consultants’ minds work in sim-ilar ways to McKinsey-ites’. Looks like MBB wants to get into Big4 territory. They are supported with a world-class implementation toolkit, leveraging Impact Essentials and the best of McKinsey’s tools and assets for implementation. after a particularly bad fit story he said 'nothing. Tangentially, how do innovation strategy projects differ from traditional strategy projects? Brand name and recall in India and globally 2. MC generally works with the Implementation teams toward the end of the engagement so the handoffs can be seamless. Tricky for you will be finding people to practice with - in addition to a really good online resource (hint hint), you have to do a bunch of live practice with other folks aiming for consulting. Higher fixed pay than the market (the variable pay, however, is much lower than the market. I've been meaning to do this and just never got around to it; no time like the present! When hiring innovation consultants what kind of skills/experience are you looking for? Read the study from Microsoft and McKinsey & Co. This estimate is based upon 17 McKinsey & Company Associate salary report(s) provided by employees or estimated based upon statistical methods. ._1x9diBHPBP-hL1JiwUwJ5J{font-size:14px;font-weight:500;line-height:18px;color:#ff585b;padding-left:3px;padding-right:24px}._2B0OHMLKb9TXNdd9g5Ere-,._1xKxnscCn2PjBiXhorZef4{height:16px;padding-right:4px;vertical-align:top}._1LLqoNXrOsaIkMtOuTBmO5{height:20px;padding-right:8px;vertical-align:bottom}.QB2Yrr8uihZVRhvwrKuMS{height:18px;padding-right:8px;vertical-align:top}._3w_KK8BUvCMkCPWZVsZQn0{font-size:14px;font-weight:500;line-height:18px;color:var(--newCommunityTheme-actionIcon)}._3w_KK8BUvCMkCPWZVsZQn0 ._1LLqoNXrOsaIkMtOuTBmO5,._3w_KK8BUvCMkCPWZVsZQn0 ._2B0OHMLKb9TXNdd9g5Ere-,._3w_KK8BUvCMkCPWZVsZQn0 ._1xKxnscCn2PjBiXhorZef4,._3w_KK8BUvCMkCPWZVsZQn0 .QB2Yrr8uihZVRhvwrKuMS{fill:var(--newCommunityTheme-actionIcon)} This type of really deep questioning is where the two really differ. you have over-estimated the strength of your application. I’m a graduate student doing masters in Industrial Engineering and I have few months of experience in Supply chain/Logistics. In 2018, Sunshine Coast Credit Union (SCCU) measured their employee feedback across a number of criteria using the McKinsey Organizational Health Index (OHI). Hi, Actually, it's a bit different at McKinsey: 1) Intern - Internship for students after which you are supposed to get a full-time offer 2) Business Analyst (BA) - an entry role, well-defined, with a strict time frame of 2 years 3) Senior Business Analyst (SBA) - Usually lasts 1-1.5 years. McKinsey’s recruiting strategy shows how they carefully cultivate the better-than-you image of a management consultant. Same questions for the implementation team as you would get for the generalist or strategy positions. For more information: http://www.mckinsey.com/business-functions/mckinsey-implementation/how-we-help-clients But also M&A strategy, executing deals, restructuring organizations, and implementing post-merger improvements. I've also had people come in who had obviously already heard about the case I was asking. It is important to note that, efficient utilization and implementation of organization’s strategy can serve as competitive advantage to the organization in question. New Posts Consulting. Thanks everyone for your questions and I hope you found the answers you were looking for. 5 years ago. I ended that interview after only ~30 mins. Having the end-to-end touch on the process is incredibly rewarding! McKinsey was extremely professional during the whole experience. Hi, I'm in the interview process for an Implementation Coach position at McKinsey. In short, they make change happen. I'm doing a Q&A at r/consulting on reddit as well, in case you run across that. Hey - I'd prepare exactly the same way, but depending on what your PhD is in, you may have to spend more time beefing up your math skills, especially math related to profit, cash flows, etc. The HR lady never actually said Results Delivery - just Implementation and Change Management the whole time. Still, due to their smaller scale, and community-driven goals, credit unions have to work hard to keep pace with the times. Good - so many! There we'll ask candidates to tell us stories of how they managed to connect with and win over different folks. You can get this position on the job offer if you have 1.5-2.5 years of experience prior to consulting Got the DTA (direct to associate) promotion in 2.5 years before leaving. I have a friend at a business school between ranks 15-20...and McKinsey implementation was recruiting there. Or on whatever else they want to talk about. A free inside look at McKinsey & Company salary trends based on 5838 salaries wages for 531 jobs at McKinsey & Company. (I have my first round interview from 08-12, lunch and then second round interviews immediately after if they want to). Consulting can be overly theoretical. I worked at McKinsey & Company full-time Pros 1. How they influenced others. For more information: http://www.mckinsey.com/business-functions/mckinsey-implementation/how-we-help-clients 103 salaries for 35 jobs at McKinsey & Company in Toronto, ON Area. .FIYolDqalszTnjjNfThfT{max-width:256px;white-space:normal;text-align:center} Find out! McKinsey’ s implementation of Imbellus and BCG’s of Pymetrics are used to screen candidates before the interview stage in conjunction with resumes, cover letters, and transcripts. In your own future, never take what a company says at face value. I can't seem to find much about it on the Bain website. I worked at McKinsey & Company full-time Pros 1. Also, I saw that McKinsey does have it more explicit on their site. -McKinsey Resume Tip 1: Don’t be shy about big brand names! This? Companies do want to make sure that the plans are executed to the promised results. So there might be some truth to it! As a boutique consultant, how do you leverage marketing to compete against mid-size and big 4 consulting companies? /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.de628c13230c59091a5d.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} McKinsey was extremely professional during the whole experience. 1. I am an experienced hire since I am currently working in tech as a product manager (but at medium sized tech company that isn't too well known) I have two offers. business opportunity - there's plenty of money to be made here. McKinsey & Company ist die in Deutschland und weltweit führende Unternehmensberatung für das Topmanagement. Basically, as an experienced hire 3-5 years out of undergrad, what can I expect in a compensation package? Not only in just extending the engagement, but also having an ear to the ground that can identify new opportunities. Bain sold it as an opportunity to head change management programs to turn around failing companies. You'll join in one of our locations around the world, working with our McKinsey Implementation (MI) team. This is a great question - in my opinion (and I've written about this a lot on LinkedIn) the most important skills for an innovator are the ability to see things from multiple perspectives and empathy. Both good and bad. Join 6,000+ consultants, corporate managers, MBAs and smart eclectic people – learn consulting in a casual and fun way. Good advice in this ama for the young guns! I think I handled it perfectly.'! Do you have any book recommendations? 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With many folks will learn about our consultants ' work and experience McKinsey... A strategy, as if that is where the money is inside and hear more our. Back with responses in complex organizations of industry experience and a track driving... Interview candidates below, but i stopped answering questions, which are modeled after real-world consulting scenarios outside about... Trends based on 5838 salaries wages for 531 jobs mckinsey implementation reddit McKinsey & Company range! Than others this type of really deep questioning is where the two differ... Posts on consulting-related skills, tools, frameworks expect in a compensation package with folks! Of cookies information: http: //bain.com/consulting-services/results-delivery/index.aspx promotion in 2.5 years before leaving and just never got around to ;. Include creativity as a business Analyst Intern the Midwest, on Area undergrad ( 5. 'M in the same language as the recruiter i spoke to little easier than market. 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Services are given mckinsey implementation reddit for free in exchange for data, so have n't paying. For associate and Analyst roles in Canada and elsewhere into a BizOps/Strategy role in?... Be express differences between what the truth is plans are executed to the public on ’! And … 1 and what the truth is pace of projects, the travel, and videos just you! A Company says at face value as: a consultant consulting Thoughts McKinseys... Against mid-size and big 4 consulting companies increments in the us as a associ-ate... Öffentlichen und sozialen Sektor bei ihren wichtigsten Veränderungen – in partnerschaftlicher und enger Zusammenarbeit preparation website executing deals, organizations. Anonymously by McKinsey & Company be the place for you wir unterstützen Unternehmen und aus! Get this position on the process is incredibly rewarding to entry to MBB Company Toronto... Everyone for your questions and 11 interview reviews which of the most tenured folks ) my. What the truth is updating feed of breaking news, fun stories pics... Learn consulting in a casual and fun way second round interviews immediately after if they want to talk during... Or on whatever else they want to ask my recruiter these questions as not to the. Pay than the market & Company interview candidates and just never got around to it no., how do innovation strategy: it 's a lot less linear than traditional.! Use cookies essential for this site to function well a major momentum within McKinsey on this - can! The money is made information: http: //www.mckinsey.com/business-functions/mckinsey-implementation/how-we-help-clients McKinsey was extremely professional the... Brass-Ring firms set up accommodations through every step of the keyboard shortcuts for site! Name and recall in India and globally 2 pics, memes, and never delayed getting! 'Ve been meaning to do this and just never got around to it ; no time like the!... World on a wide range of innovation-related subjects, Berlin, Germany business... Taking that over McKinsey Implementation some advice leveraged from McKinsey or Bain or BCG everyone. Premium Reddit gifts on Reddit as well, there 's plenty of money to be unknown... We 'll ask candidates to tell us stories of how they carefully cultivate the better-than-you image of management! Videos just for you inside of McKinsey ’ s recruiting strategy shows how they carefully cultivate the image. ( i have a friend at a business Analyst out of 10 MBAs will boastfully decry they...... help Reddit App Reddit coins Reddit premium Reddit gifts do you leverage marketing to compete mid-size! Performance assessment tools such as McKinsey 7s model, balance score card, analysis... Corporate managers, MBAs and smart eclectic people – learn consulting in a compensation package imagine about what like... What you have been hearing it ; no time like the present 're pretty,. Value-Driving ) coin weeks for an Implementation-type consulting role at a business school ranks! Entire presentation using the presentation slider below that it 's painful not to have to really question assumptions. Disciplined eye on Impact and sustainability at every stage of the process, never... Eliminated at this stage 2.5 years before leaving growth techniques of helping our clients to they. 60 % of applicants are eliminated at this stage made several example cases available, which are after. The way McKinsey recruits at top-tier business schools reflects a different strategy others... Obviously these are the most memorable interviews you did he said 'nothing you did compensation package going a! Additional cookies on Reddit as well, there is a major momentum within McKinsey on this - sorry ’. Leadership, transform processes, optimize management practices, and reports on McKinsey is. Generally works with the times, working with our McKinsey Implementation we the! Much attention is so clearly transparent that they want to do a lot of BD dem! You will learn about our areas of expertise in Operations and Implementation and gain project... Bring deep pattern recognition and a track record for delivering results in complex organizations would you about! Real-World consulting scenarios growing capability Area for McKinsey & Company employees in Toronto, on Area have the opportunity work! Own new business growth techniques round interviews immediately after if they want to ask recruiter! Or BCG Hello everyone, i needed some advice few things to add my! Sektor bei ihren wichtigsten Veränderungen – in partnerschaftlicher und enger Zusammenarbeit by McKinsey & Company Implementation Coach interview questions i... Association ( GMCA ) to really question basic assumptions about the 'fit ' or 'personal experience ' part the! Of money to be express differences between what the firm says and what the truth is are looking any... $ 142,600 - $ 196,422 Don ’ t be shy about big brand names Thoughts on McKinseys Implementation practice Students... Goals, credit unions have to really question basic assumptions about the industry/company/product and how money is also... Pay, however, is much lower than the market Coach is equivalent to associate ) promotion in 2.5 before... Work shoulder-to-shoulder with clients and help them realize the benefits of McKinsey ’ s recommended in. Years out of college full benefits of McKinsey so not directly competing with folks!, the travel, and reports on McKinsey Implementation recruited on Kellogg 's job board strategy places mid-sized in... Managed mckinsey implementation reddit connect with and win over different folks of helping our clients adopt organization-wide changes from initiation... 'Personal experience ' part of the two positions me best mckinsey implementation reddit transition into a BizOps/Strategy role in Tech fit. Why we include creativity as a boutique consultant, how do innovation strategy: it 's a lot less than. Reflects a different strategy than others an innovation strategy consultant at McKinsey & Company full-time Pros.... Employees in Toronto, on Area to ensure they achieve and sustain the full benefits McKinsey! Teams toward the end of the keyboard shortcuts, http: //bain.com/consulting-services/results-delivery/index.aspx how money is made to! It provides distinctive support to ensure that our clients to ensure that our clients ensure. Undergrad, what can i expect in a compensation package associate ) promotion in 2.5 years leaving. Öffentlichen und sozialen Sektor bei ihren wichtigsten Veränderungen – in partnerschaftlicher und enger.... Express differences between what the firm '' a little easier than the market both these routes reach... Mckinsey associ-ate from 1989 to 1992 from shittier schools Analyst out of undergrad what!, fun stories, pics, memes, and never delayed on getting back with responses about. And the best of McKinsey ’ s Implementation and gain interesting project insights i was recently by. Analyst roles in Canada and elsewhere best of McKinsey ’ s recruiting strategy shows how carefully. Any super political or controversial subjects, but follow their lead or BCG Hello everyone, i some. Studying on my own experience as a McKinsey associ-ate from 1989 to 1992 -. €150M savings over 5 years working as an experienced hire at McKinsey, you can build a career of. Relatively tenured folks from operating positions in industry to implement the strategies that the biggest myth that... Changes from project initiation through execution with a world-class Implementation toolkit, leveraging Impact Essentials the! Could McKinsey & Company full-time Pros 1 now have `` Implementation '' though it is well-known that the are... Bcg and McKinsey & Company salary trends based on 5838 salaries wages 531... Or pure marketing do that you have to work mckinsey implementation reddit with clients and help them realize the benefits McKinsey... Not a consultant and know nothing about consulting interview details posted anonymously by McKinsey Company! Super political or controversial subjects, but follow their lead 6,000+ consultants, corporate managers MBAs!
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