I'm a new experienced hire joining McKinsey as a specialist (expert consulting path) and was wonderng if they offer education reimbursement or sponsorship for MBAs after a certain amount of time at the firm?
Does McKinsey sponsor or offer education reimbursement for experienced hires / specialist track?
Overview of answers
Upvotes
Best answer
Hello!
McKinsey sponsors many BAs yearly across the world for the most expensive business schools, so there is no reason to believe why it should not be the case for experienced hires.
I do know about one case from someone who joined as a junior associate in Spain.
However, bear in mind that usually it won´t be the company limiting this, but the employee himself/herself. After a certain level, the MBA does not make sense anymore -think of the opportunity cost in terms of money, to then be re-hired in consulting in the same role you already are-.
Different story is to change industries, but then you would need to give the money back and does not make sense anymore
Hope it helps!
Cheers,
Clara
Was this answer helpful?
Hi there,
Regardless, it would get harder to justify the higher up and more specialized you go. I have not heard of anyone doing their MBA from MBB as a project lead/engagement manager or after already having specialized in an industry/function. The ROI just isn't there (i.e. giving up $250k annual income for 2 years AND delaying promotion cycle by 2 years)
(edited)
Was this answer helpful?
Hey there,
Unfortunately, I have never heard of a case. However, I have heard about some special agreements related to other topics, so it might be possible.
The key prerequisite would be a stellar performance record. This is your currency within the Firm. Keep that in mind.
Cheers,
Florian
Was this answer helpful?
I've not heard of educational sponsorship for the expert consulting track but I know McKinsey are becoming more flexible as they consider other education opportunities beyond an MBA (e.g., masters in data science, cyber security, etc.). You may not be able to get a full reimbursement but it may still be worth discussing it with your local cell leader and PD Manager.
Was this answer helpful?
Hi there,
in theory, they could, but Ian gave a very good point which I agree with.
Cheers,
GB
Was this answer helpful?
Hi,
I haven't heard sponsorships for specialist tracks. Moreover, even generalist track in many offices now don't have sponsorships. However, there is one thing that is common for McKinsey - If you are a top performer, you can easily negotiate anything, even if it is out of office policy
Best
Was this answer helpful?
Hi, I confirm McKinsey only sponsors BAs for external programs (in some cases also Junior associates). Junior associates and associates can be instead provided with the internal McK program mini-MBA
Best,
Antonello
Was this answer helpful?
Related Cases
Company case by Bain & Company
Style:
You have inherited the “Old Winery” from your grandfather, a winery that has been family-owned for five generations and can be dated back to the 16th century.Half of the eleven hectares are used to grow white grapes, the other half to grow red grapes. They are grown in a conventional way, i.e. they
...
You have inherited the “Old Winery” from your grandfather, a winery that has been family-owned for five generations and can be dated back to the 16th century.Half of the eleven hectares are
...
(Open whole case)
118.1k
Times solved
Intermediate
Difficulty
Expert case by Francesco
Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US.The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadv
...
Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US.The mission of SmartBridge is to help as many stude
...
(Open whole case)
31.6k
Times solved
Advanced
Difficulty
Expert case by Francesco
Style:
Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client?
Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client?
(Open whole case)
13.6k
Times solved
Intermediate
Difficulty
Expert case by Francesco
Style:
Our client is a supermarket chain that is considering whether they should enter the emerging online grocery delivery business where consumers order their groceries online and have them delivered to their homes. Currently, two competitors have entered the online market in the client's area in San Fra
...
Our client is a supermarket chain that is considering whether they should enter the emerging online grocery delivery business where consumers order their groceries online and have them deliv
...
(Open whole case)
8.0k
Times solved
Intermediate
Difficulty
Expert case by Francesco
Style:
Your client is the Performance Chemicals division (revenues of $500 million) of a Specialty Chemicals Company with total revenues of $14 billion. The CEO wants the company to become the fastest-growing specialty chemicals company and has therefore asked all the divisions to present growth strat
...
Your client is the Performance Chemicals division (revenues of $500 million) of a Specialty Chemicals Company with total revenues of $14 billion. The CEO wants the company to become the fast
...
(Open whole case)
8.0k
Times solved
Intermediate
Difficulty
Content Creator
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
68
Meetings
24,372
Q&A Upvotes
149
Awards
57 Reviews
Related Products
McKinsey Solve Game Simulation Package by Francesco
Imbellus Solve Combo: Guide + Videos by Francesco
Imbellus Test at McKinsey – Guide by Luca
McKinsey Imbellus Solve Game Secrets by Francesco
The Secret McKinsey PEI Cheat Sheet by Robert
Prep Guide for McKinsey PST by PrepLounge
McKinsey PST #3 by Riccardo
McKinsey PST #2 by Gaurav
