McKinsey & CompanyBY: JACOB MILAN, JIA ZE ZHOU, & TIAN ZHANG
McKinsey and Company DESCRIBE TWO CAREER PATHS ACONSULTANT COULD FOLLOW AT MCKINSEY AND COMPANY.
Client Service Support “Up or out” mentality Generalized consulting and specialized consulting Establish relationships with clients Skills needed to be in high demand in order to be part of team Also need to build an external relationship Offer help and problem solving ideas for all clients
Administration Staff Also had “up or out” concept Practice expertise and practice management administration Transfer knowledge across company More advancement in our opinion within the administration staff Create new knowledge for associates to use to help with future client situations
McKinsey and Company DESPITE MAJORITY OF CONSULTANTSLEAVING MCKINSEY AFTER SEVEN OR EIGHT YEARS IT STILL REMAINS A COVETED DESTINATION. WHY?
McKinsey and Company: A Coveted Destination “Up or out” and I-Shaped hierarchy appeals to those who want to see advancements in career Opportunity and responsibility Prestige of the company Globally recognized firm Work with some of the best possible candidates worldwide
McKinsey and Company WHAT WAS THE MOST CHALLENGINGASSIGNMENT? WHICH ASSIGNMENT HAD THE BEST CAREER PROSPECT?
Warwick Bray: The Most Challenging Case Set up European telecoms Develop a more interdependent network for the company Created PDNet and other databases for information within the company Needed to find largely informal links to continue European telecom expertise Uncertainty for the future Thought that European telecom and most functional practices needed to improve
Stephen Dull: Best Career Prospect Dull graduated from Michigan and spent 5 years marketing for Pillsbury Dull was involved in business to business marketing It was suggested to him to get 15%-20% of McKinsey to be functional experts Created PD documents from concepts, frameworks, and case studies that the company already had Created Center of Competence for McKinsey and Company Dull has even contemplated writing a book on business to business marketing
McKinsey and CompanyWHAT ARE THE MAIN COMPONENTS OF MCKINSEY AND COMPANY AND WHATENABLES THEM TO PROVIDE ADVICE TO MNE’S ON STRATEGIC ISSUES?
McKinsey & Company Core Competence Extremely client based Numerous amounts of experts in different fields Used information infrastructures to keep their associates up date with current knowledge I-Shaped hierarchy which kept employees innovative