Depending on your academic background and set of experiences, passing the resume and cover letter screen may be the hardest round for you. McKinsey is extremely selective during this phase due to the large number of applicants (over 200,000 each year). Read on for the steps to take in order to get past Round 1.While it's difficult to provide an exact acceptance rate for McKinsey job offers, it is estimated to be around 1-2% of applicants. However, the acceptance rate can vary significantly based on individual performance and the specific office and role being applied for.Your resume, with a cover letter, is the first step to a very lucrative job at McKinsey. Yet, less than 30% of applicants receive a call for an interview. So, what is McKinsey looking for when screening your resume and cover letter

Is working at McKinsey worth it : McKinsey consultants are well-compensated and well-fed! McKinsey and its top peers, BCG and Bain, typically compensate consultants in the same salary range. While you may get slightly more money from one or another firm, they are close enough that money should not be the deciding factor.

Does McKinsey pay a lot

McKinsey's salary for entry-level consultants in the United States likely ranges from $100,000 to $140,000 per year, while the figure for MBA-level/experienced Associates can be over $200,000.

Is McKinsey stressful : Personal Growth. McKinsey consultants are known to work hard both in terms of number of hours and intensity. As a result, you will often be pushed to your limits, sometimes emotionally, at times mentally, and others even physically.

Unparalleled in its reach and prestige, McKinsey is the largest of the top-3 consulting firms, with over 45,000 employees in over 130 cities globally. Now approaching its centenary, it has long held the reputation of being the industry leader. In 2022, its worldwide revenue was $15b.

The selection process at McKinsey is highly competitive, which is why networking and a 100% perfect resume, personalized cover letter and compelling leadership essay (where required) are really critical. Under 10% of those who submit applications are invited to interviews.

How tough is McKinsey

Long Hours. You can't work for one of the top firms on exciting projects without a strong work ethic. McKinsey consultants are known to be amongst the hardest working in the consulting industry, which is saying a lot. If you're looking for a chill 40-hour workweek with no weekend work, McKinsey is not for you.Business Analyst
Business Analyst:

This is the most junior role, usually executing smaller work streams or analysis, with the direct oversight of an Associate or Engagement manager.McKinsey & Company ranks in the Top 15% of other companies on Comparably with 10,000+ Employees for Happiness Score.

Based on public information available for the partners who joined that decade (understanding there is heavy selection bias), the range of IQ was 130 – 140 though would argue that there were a few partners who would arguably be in 150 – 160 range.

Is everyone at McKinsey smart : Yes. McKinsey and their closest competitors hire graduates from top Business schools (Harvard, MIT, Stanford, Wharton, Kellogg, Insead). These schools, on their turn, have very strict admissions standards. They usually require a GMAT grade 700+ .

What is the rule of 3 McKinsey : McKinsey Consulting

Whenever you're trying to persuade a senior person to do something, always present 3 reasons. Not 2, not 4, but exactly 3. Ameet Ranadive shares how he learned the Rule of 3 from consulting and concludes with three key points: Get their attention.

Does McKinsey only hire from Harvard

The top universities for joining McKinsey, BCG or Bain with an undergraduate degree. Pre-experience student hires into MBB's US offices came from over 175 universities. Of these, only two universities contributed more than 4% of hires: the University of Pennsylvania (11%) and Harvard University (7%).

Apply the the 70/20/10 rule

The 70/20/10 rule is a guideline that says you should: Use 70% of your resources and time on the core businesses in horizon one. You want to use the majority of your resources in this area because these are the businesses that have been successful and proven to win against your competition.Business Analyst
The McKinsey hierarchy structure progresses through a range of roles, starting with Business Analyst (post-undergrad) and Associate (experienced hires or post-MBA), then Engagement Manager (experienced hires with 10+ years of experience) and finally Partner (including Associate Partner, Partner, and Senior Partner).

Which McKinsey office is hardest to get into : Like all the MBB firms, McKinsey has offices worldwide, but its presence in Germany, Dubai, and China overpowers competitors both in numbers and in the range of expertise offered. Some of the most competitive offices to break into include McKinsey New York, McKinsey Chicago, and McKinsey Boston.