Victor Cheng Victor blogger.com was founded in January, and is the longest running and most prominent blog on the management consulting blogger.com has had in its year history 28 million visitors and currently has over , active m Vincent Genest, PhD Associate Consultant at McKinsey & Company. Pallevi Srivastva, PhD Product Development Specialist for Agilent Technologies. Ron Hunter, PhD Technical Director of Chemistry, Mérieux NutriSciences. Navein Arumugusaamy, PhD Aug 18, · Get resume writing tips on how to showcase your experience, education and achievements. So prepare your experience section like a Powerpoint presentation for a McKinsey executive: Pro Tip: If you have an MBA or PhD degree, toot your own horn—put that after your name at the top of the resume
How much does a partner at McKinsey, BCG or Bain make?
An early route to get your foot at the door of McKinsey — one of the three most prestigious consulting firmsis to successfully land an internship and compete for a full-time offer while at the job.
In this article, I will explain two types of internships at McKinsey, and reveal the six steps that you can follow right away to break into McKinsey as an intern. McKinsey Internships are divided into two main tracks, undergraduate internships and MBA internships.
This internship typically lasts 10 weeks, sometimes one week more or less. The work of consulting interns is very similar or identical to first-year full-time consultants. The particular features of an internship are reliant upon many factors, phd resume mckinsey.
For instance, compensation or consulting work may depend on the office you applied to, the business function you are assigned, and your work experiences, phd resume mckinsey. Regardless, these differences normally spread along a discernable line. To summarize, there are three essential facts about McKinsey internships that you should know in advance.
McKinsey internships typically fall under two tracks: undergraduate internships and MBA internships. Undergraduates are recruited into Business Analyst Intern positions, whereas MBAs are recruited into Associate positions. For now, keep in mind that Associate positions are one level above Business Analyst positions at McKinsey, although this might not be the case at other consulting firms because of different namings.
For both Undergraduate and MBA routes, an internship at McKinsey lasts about 10 weeks, phd resume mckinsey, not always but usually in the summer. This is why deadlines for McKinsey summer internship positions are very early typically 7 months prior to the internship.
At the undergrad level, you need to submit applications around mid-October. At the MBA level, phd resume mckinsey, your applications should be submitted in the first couple days of December, if you enrolled in an MBA program in the US. This rate is extremely competitive, being just slightly under rates at famously well-paid tech companies, such as Facebook, Amazon, or Google.
Having a deep understanding of what you will actually be doing is very useful because you can tailor your application to phd resume mckinsey is expected of you, phd resume mckinsey. If you make it into the case interview round, you can even leverage these insights in solving cases to show the interviewer you can get work done, excellently. This will undoubtedly give you a better chance of getting an offer.
At the undergraduate levelsuccessful candidates are often assigned into the main track of the McKinsey Internship program — the Business Analyst intern role. Specifically, when interns first receive a new project, they start collecting data about the client company and industry. They then meet the client, interview the client, and gather more insights using data from the client and from similar cases in the past.
Data collected is typically used as input for excel models to analyse the problem and find root causes. If this all sounds generic, phd resume mckinsey, check out this video where I broke down detailed work processes of my first project as a McKinsey Business Analyst intern. In a project, Business Analyst interns are usually assigned to support a senior Business Analyst or Associate with a big workstream. In some rare cases, interns can lead a small workstream.
If you, as an intern, are assigned to support a Business Analyst or an Associate, you will report directly to that person. If you lead a small workstream, you will report directly to the Engagement Manager EM. At the MBA levelsuccessful candidates are often assigned into phd resume mckinsey Associate Intern role, phd resume mckinsey. Again, your work structure is very similar to that of full-time Associates. Just like Business Analyst interns, the work of Associate interns and full-time Associates are similar.
For more in-depth insights, check out this video. The Associate intern position is an interesting position. Upon their entry, Associate interns are already much more senior than other interns, phd resume mckinsey.
Hence, even though Associate interns are technically newbies in the McKinsey world, phd resume mckinsey, the company will make sure they enter senior positions very shortly.
Specifically, McKinsey does this by assigning more responsibilities to Associate interns: they typically get to lead or semi-lead a workstream. One common practice is that the Engagement Manager will assign another lower-ranked yet senior employee, e, phd resume mckinsey. a Business Analyst, to help show the McKinsey way around. Throughout the project, Associate interns report directly to Engagement Managers, phd resume mckinsey.
McKinsey, like many other consulting firms, has a 2-year ban on failing candidates. Consulting prep is ideally a long process. You may spend a year or even more learning the fundamental skills and embracing the mindset, and at least months preparing for the resume screeningthe tests and case interviews.
To equip yourself with the most well-rounded skill set for consulting, read up and practice on the following topics:. Top consulting firms often recruit from the big brand name educational institutions such as the Ivy League in the US or the equivalent in other countries, and McKinsey is not an exception. Recruiters like big names under the assumption that only super high achievers get into the top schools.
More importantly, big names impress clients. Now what does this imply? That said, even if you come from a target school, consulting prep is always a challenging process. There is no official statement from any firm about their target schools, but we can make fairly good guesses. Below is a list of top schools contributing significant percentages of consultants at McKinsey — according to a analysis of Wall Street Oasis users.
A big part of the McKinsey internship selection process involves case interviews conducted by managers — these interviews are expensive because they take away revenue-generating hours from phd resume mckinsey managers. To make the most out of these phd resume mckinsey interviews, consulting firms highly favor candidates with positive reviews from inside the firm or the alumni network — hence the importance of networking in the initial rounds.
So when should you start networking? As early as possible — relationships take time to build. Referrals increase the chances of your CV being reviewed by recruiters in the first place. What really matters is the seniority of your contacts. Often, one referral from a Partner is equivalent to multiple referrals from non-partners. Connections made through this channel are easy to access and quite personal, phd resume mckinsey you good chances of getting mentorship and referral.
Whatever you choose, once you set up an appointment, you need phd resume mckinsey be concrete about when and where phd resume mckinsey meet, what you want out of a meeting, and how you will get it i, phd resume mckinsey. Being explicit with your contact will increase the chance of them saying yes to you, and make a good first impression consulting culture values being explicit. After networking or you might bypass this step and apply through online portals — which phd resume mckinsey more convenient, but much more competitivethe next step is to prepare for all the parts of the consulting recruitment process.
The first step in the McKinsey internship recruitment process is resume screening, and even this early, your resume and cover letter must be written in the consulting style. In both of these papers, phd resume mckinsey, explicitly but objectively show off your consulting attributes: leadershipachieving and problem-solving.
Whatever stories you tell in phd resume mckinsey resume and cover letter, they must emphasize the three attributes — they must either be about leading and influencing people, doing analytical work, achieving the extraordinary, or any combination.
More importantly, you must be highly-specific and result-oriented. Instead of rambling on with your list of experiences, show the screener quantifiable results of your work, that shows you are the best. Specific statements are thoroughly more impressive and more trustworthy — even outside the consulting industry. Format-wise, there is no other option but black-and-white. Keep it absolutely formal and professional. Fancy-looking resumes might get you creative jobs, but will get you cold rejections in the conservative consulting industry, phd resume mckinsey.
Same goes with the cover letters. Structure-wise, every bullet point in your resume must phd resume mckinsey similar parts. The language of these bullets must be totally formal as well. Communication must be top-down, both in resumes and cover letters.
The PST is conducted after resume screening, and assesses candidates on data interpretation, mental calculations as well as verbal, numerical and logical reasoning. The key to preparing for the McKinsey PST Test is to break down the question types and learn how to answer each type individually. Do this while reinforcing your verbal, numerical and logical reasoning skills. Breaking down the question types helps you learn quickly and efficiently, while skill-training ensures long-term flexibility should the test format be changed which is unlikely in management consulting — a highly conservative industry.
After you have practice thoroughly with each question type, the next step is to do mock tests to self-assess and develop a test strategy. I would advise you to select mock tests harder than the actual tests — if you can do them well, the real ones will be a breeze.
These are the same approaches taught in all of my test-related products — McKinsey PST Comprehensive and BCG Potential Test Comprehensive. McKinsey rolled out the new Imbellus Problem-Solving Game in This test works as follows. This is a game-changing phd resume mckinsey, because the emphasis is no longer on getting the right answers, but to look like a consultant in the process.
However, the basic approach remains the same — decipher the mechanisms and identify efficient strategies, while also working on improving your consulting skill set. Read the full guide here: McKinsey Case Interview. Back when I first joined McKinsey, fit interviews were not that important.
In the minute PEI, the interviewer will ask you to tell one story, then drill down to extract insights about your soft skills and personal traits. Sometimes, each question type above will be used for the phd resume mckinsey kind of story. This means that, even if you draft stories, for each question type, phd resume mckinsey, you may only use only one story for every question. Instead of preparing on a question-answer basis, a more efficient approach would be to focus on the stories.
My take on the PEIs is to prepare three to five storiesand make them as detailed, all-rounded, well-presented as possible. View them from every possible angle, each corresponding to a trait required by McKinseyor phd resume mckinsey one of your personal values. How can you prepare such stories?
Spend your efforts on three layers of a story — the content base, the plot, and the style. Case interviews are job interviews where the candidate is asked to solve a business case or problem. At McKinsey, case interviews phd resume mckinsey last minutes each, and candidates often go through 2 to 4 case interviews.
McKinsey case interviews are often interviewer-led, phd resume mckinsey.
McKinsey, BCG, Bain RESUME CHECKLIST
, time: 7:26Sample McKinsey PEI Questions to Help You Wow Your Interviewer
Aug 18, · Get resume writing tips on how to showcase your experience, education and achievements. So prepare your experience section like a Powerpoint presentation for a McKinsey executive: Pro Tip: If you have an MBA or PhD degree, toot your own horn—put that after your name at the top of the resume Jul 14, · Partners at McKinsey, BCG or Bain consistently make between $K and $5M annually. Three key levers drive the variation in partner salary and compensation: partner level, firm bonus formula and the practice type Victor Cheng Victor blogger.com was founded in January, and is the longest running and most prominent blog on the management consulting blogger.com has had in its year history 28 million visitors and currently has over , active m
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