Hey there,

I'll answer from a McK perspective. Hopefully, Bain and BCG colleagues can add their info.

1. Depends on the office. Most commonly, the MBA is sponsored if you have developed in line with expectations for 2 years and would receive an offer to return afterward for the next level in the McKinsey hierarchy. You don't need to necessarily outperform the trajectory.

2. Depends on the office. Some pay fully, others half. For instance, in McK Germany, you get a third year of salary + 50% of the tuition fees of the program. That is the reason why many McKinseys go to INSEAD and the 10-month program since the cost is covered fully with salary and the 50% tuition coverage. After you return, you need to stay for a year, otherwise, you have to pay back the pro-rated coverage.

3. MBB invest heavily in their staff. For instance, part of McKinsey's mission is to retain talent. Offering such programs is in line with this value and a reason why people flock to McKinsey. Many colleagues work for the first two years having this carrot in front of them and then return for another 1-3 years, whereas otherwise, they might have left earlier.

4. Again, depends on the office. Germany pays the full salary for a year.

5. You should apply after your first year with the firm + have additional work experience through internships already before consulting + experience abroad + extracurricular activities + prestigious undergrad degree and good grades + high GMAT score.

Cheers,

Florian

(editiert)

Hello!

Feel free to PM me about this.

To your points:

• MBBs and some others sponsor -you need to go office b office here, this is a great reason to network-.
• They cover tuition and aso give you money for your expenses
• They hire a lot post-MBA, but they also invest in their analyst, who are great resources once they come back
• They don´t pay you during the MBA, but as i commented before, they give you money for living while you are in your educational leave

Hope it helps!

Cheers,

Clara

Hi,

this largely depends on the firm and even the local office to which you belong. McKinsey is generally quite supportive, other top firms as well, but again this depends on the local office. It would be great if you could share some details, so you can receive more targeted feedback.

Cheers, Florian