Trading public stocks prohibited in McKinsey?

Hi there,

It’s quite unusual to be unable to trade any public stocks.

At Bain, we followed a restricted list of stocks that was updated monthly. While a company was on this list, we couldn’t trade its stock. Once the company was removed—typically because we were no longer working with that specific client and sufficient time had passed—you were allowed to trade the stock again.

I recommend double-checking whether this policy applies only to current clients or if it encompasses all stocks. Generally, I'd be careful trading stocks while working at MBB. 

I hope this clarifies things!

Best,  
Laura

Hi there,

AFAIK it's not completely prohibited but you have to clear stock purchases beforehand via their intranet. Maybe it has changed though...

All the best,

Florian

Hi there,

I would be happy to share my thoughts on your question:

• First of all, it's common for consulting firms to have strict policies on trading stocks to avoid any conflicts of interest.
• Moreover, however, there is typically a clearing process that will allow you to buy and/or sell certain stocks.
• Lastly, I would advise you to speak with the compliance team to get more details about your policy.

If you would like a more detailed discussion on your specific situation, please don't hesitate to contact me directly.

Best,

Hagen

Yes its restricted. if you get caught you get fired. Even partners have been screwed for it, and rightfully so.

Google Puneet Dikshit. Guy basically ruined it for all of us

Yes, policy has gotten alot more restrictive today. 

When I first started at BCG, you could trade, but with clearance. 

Now at BCG, it's same as McK, you are not allowed to trade at all. 

They want to avoid conflicts of interest / insider trading.

But you should be able to buy funds or ETFs