What kind of people is McKinsey looking for?

No matter where you come from, McKinsey looks for the same qualities in all its candidates. It boils down to three qualities, Brian explains. They look for problem solving, the ability to work well in teams, and the ability to develop strong relationships.

Do you need a PhD for consulting?

Many consulting companies hire PhDs because of excellent critical thinking skills, occasionally combined with specialized knowledge fields (ie. biotech, data processing, etc.).

How much do consultants make PhD?

According to the website GlassDoor.com, a junior consultant hired by BCG in the United States—most fresh Ph. D.s enter at this level—can expect to receive a starting salary of $115,000 to $145,000 annually.

How much does McKinsey pay PhDs?

McKinsey & Company One of the “Big Three” consulting firms, McKinsey & Company was one of the first firms to hire recent graduates. MBA and PhD hires earn a $165,000 base salary plus a $35,000 performance bonus. Returning interns get 50\% MBA tuition reimbursement.

Why do a PhD after consulting?

As a PhD, you are a rigorously trained critical thinker. You’re an expert when it comes to identifying specific issues and solving complex problems. In the world of consulting, science PhDs are sought-after assets because they know how to troubleshoot problems and develop better strategies.

How much do McKinsey consultants make?

At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.

How much do McKinsey consultants work?

MBAs at McKinsey & Co., one of the most prestigious employers in the world, told TransparentCareer that they work an average of 72 hours per week. At Boston Consulting Group, it’s 63 hours every week, while at Bain & Co., the average is 58 hours per week.

Is McKinsey a big 4?

The big four consulting firms that account for nearly 40\% of the industry are PwC, Deloitte, EY, and KPMG. These are followed by McKinsey & Company and the BCG – US strategy giants. The allure of consulting still pervades throughout and across the business school and MBA world.

Should I do a PhD or work for McKinsey or BCG?

Going to work for firms like McKinsey or BCG will therefore give you the opportunity to continue using the skills you have developped while doing your PhD: from gathering data, to breaking down problems into manageable pieces and to articulating your ideas in a structured way.

Is consulting a good career option for a PhD student?

Consulting can be a great stepping stone for PhD students who aren’t willing to go into academia and would like to enter the business world. McKinsey and BCG are particularly active in the PhD recruiting space. And so are other smaller firms with a strong presence in healthcare and life sciences such as Navigant, Clearview or ZS Associates.

Do all firms recruit PhDs at the same level?

However, not all firms recruit PhDs at the same level. Some firms like Bain or Oliver Wyman recruit PhDs at their undergraduate entry level which they respectively call Associate Consultant and Consultant.

Are consulting firms competing with each other to recruit the smartest?

As a consequence, firms like McKinsey, BCG and Bain have always been competing with each other to recruit the smartest talent possible. Historically, top consulting firms were mainly hiring MBAs but that has changed over the past few decades and they now also target undergraduate and PhD students.