Does McKinsey fire employees?

Unless they are guilty of serious misconduct, consultants don’t get fired.

How long does it take to get promoted at McKinsey?

Project Leader: 24-30 months: 40-70\% gets promoted. Principal –> Partner: 36-60 months: 20-40\% gets promoted (toughest step) Partner –> Senior Partner: 72-96 months: 40-60\% gets promoted.

Is it easy to get fired as a consultant?

First, getting fired in management consulting doesn’t happen often. There are many reasons for this (eg, the rigorous recruiting process, the supportive development-focused culture). However, in tough economic times select firms will significantly tighten hiring and raise the bar on promotions.

What is the turnover rate at McKinsey?

it depends on the office, but the average turnover is 2/2.5 years. Internally it is routine: almost every Friday a few colleagues send farewell e-mails to the office mailing list.

Does McKinsey pay for grad school?

One more perk: McKinsey pays 50\% of MBA tuition for returning interns according to Management Consulted. Deloitte’s Strategy & Operations practice reimburses second year MBA tuition for returning interns – as does ZS Associates. L.E.K. Consulting pays up to $25,000 for returning MBA or Ph.

Is McKinsey up or out?

The management consulting industry also practices up or out, where it is commonly regarded as a sign of the industry’s “hard-nosed approach to doing business” with Bain & Co and McKinsey & Company being the two consultancies most closely associated with the approach.

Is Deloitte better than McKinsey?

Deloitte is most highly rated for Culture and McKinsey & Company is most highly rated for Compensation and benefits….

Overall Rating
4.0	4.3
Work/life balance
3.4	3.6
Compensation and benefits