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McKinsey Digital London - Hiring?

Digital McKinsey Hiring freeze
New answer on Feb 29, 2024
6 Answers
344 Views
Anonymous A asked on Jan 25, 2024

Hi,

I was wondering why McKinsey London is no longer advertising roles for digital roles, but still posting for regular associates.

Is there a hiring freeze due to over hiring or low number of available engagements in this space right now?

Are both regular and digital associates subjected to the same up and out retention policies?

Are Digital projects typically purely staffed by Digital associates and managers, or is it a mix or you have regular associates flexed on depending on consultant availability.

Should I wait or just apply as a regular associate? I am happy to do general work despite having significant Digital expertise.

Thanks 

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Yuval
Expert
replied on Jan 25, 2024
free 30 min consultation call | 1st try offer from BCG and McK | BCG Associate | 100+ hours of coaching sessions

Hi,

Regarding your questions:

  1. Usually there would be limited spots for topic specific roles, like Digital, Cyber, Operations, etc. while general tracks are hiring on a rolling basis with a changing number of slots to hire each round.
  2. Yes, I wouldn't call it a freeze, but definitely slower hiring, due to lower number of engagements and also due to over-hiring in 2022. 
  3. Topic specific consultants are just like regular consultants in their career progression, the main difference would be the type of engagements you'd be staffed on. This can play to your benefit or your loss, depending on that topic's specific performance. For digital I would say with GenAI and everything else going on, this shouldn't be a problem.
  4. Usually digital projects will be staffed with a mix of regular, topic specific, and data/IT people, due to the both strategic and technical aspect of these kinds of engagements. 
  5. If you're interested in consulting, even in general engagements, and you're at a point in your career this seems like a good choice, I would go ahead and apply to the general consulting role for 2 reasons: 
  • A LOT of consulting engagements these days are digital anyways, either Digital Transformation, GenAI implementation or any other digital projects, so it's highly likely you'll get to do those types of work anyways. 
  • Usually, at least at BCG, you can switch to expert tracks in later steps in your career in consulting, even if you start out as a generalist. Depending on the office, you have to choose your affiliation after about 1-2 years of work, then you can affiliate with digital/tech practice areas.

In any case, good luck in your consulting journey, and feel free to reach out for more questions about consulting/MBB/case interviews, etc.

Best,

Yuval

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Alberto
Expert
Content Creator
replied on Jan 31, 2024
Ex-McKinsey Associate Partner | +15 years in consulting | +200 McKinsey 1st & 2nd round interviews

Hi there,

To your questions:

Is there a hiring freeze due to over hiring or low number of available engagements in this space right now?

Digital hiring has been reduced across Europe but you can  still expect a few hirings every year.

Are both regular and digital associates subjected to the same up and out retention policies?

Digital and generalist associates are subject to the same everything (policies, salaries, career path if not applying for expert track).

Are Digital projects typically purely staffed by Digital associates and managers, or is it a mix or you have regular associates flexed on depending on consultant availability.

There are rarely pure Digital projects so you can expect a mix of digital and generalist profiles. I've done several projects at McKinsey only with Digital profiles but this is not the norm.

Should I wait or just apply as a regular associate? I am happy to do general work despite having significant Digital expertise.

If you have a lot of digital expertise I suggest you apply to a digital position. You can create a more clear value proposition there to 1) access the interview process and 2) if you get the job, to differentiate from other generalists

Best,

Alberto

Check out my latest case based on a real MBB interview: Sierra Springs

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Florian
Expert
Content Creator
replied on Jan 25, 2024
Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hi there,

  1. Yes, hiring is not the best at the moment. Slightly better than last year but still lagging compared to the year before, unfortunately.
  2. Yes, everything is the same for both roles in terms of development, terms and conditions, pay, etc.
  3. Projects are usually staffed as a mix. You could also land on a non-digital project, even if you are part of the digital practice. However, in McK you have a lot of say what projects you get staffed on or not.
  4. If you want to apply now, I'd just go ahead and to it. The experience will be almost identical, and if you really want to work on digital projects you can make that work through networking once you are in. For instance, I started as a generalist but already at the end of my first year committed to a specific practice.

Cheers,

Florian

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Hagen
Expert
Content Creator
replied on Feb 29, 2024
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi there,

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

  • First of all, I would highly advise you to get in touch with the recruiting department of McKinsey London to find out about most of these questions for certain. That said, hiring in London seems to have slowed down further.
  • Moreover, the 'up or out' policy is generally firm-wide, but its application may vary by department or the nature of roles. Staffing on digital projects often involves a blend of digital and regular associates. The decision to staff depends on the project requirements and the available talent pool.
  • Lastly, if you have significant digital expertise, that is a valuable asset, and applying for a regular associate role does not preclude you from digital work.

If you would like a more detailed discussion on how to best prepare your application, please don't hesitate to contact me directly.

Best,

Hagen

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Ian
Expert
Content Creator
replied on Jan 25, 2024
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

Quite simply, things change. It is needs dependent and timeline dependent. That's why it's so important to network! (To see what's happening/available in relation to you).

There's not quite a hiring freeze at these firms (remember, they have 20% churn and they HAVE to bring in new blood each year as part of their up or out model).

You should apply when your networking reveals they 1) have openings for you and 2) are interested in you

Some more reading to help: How to Get a Consulting Internship - Tips and Tricks

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Cristian
Expert
Content Creator
replied on Jan 26, 2024
#1 rated MBB & McKinsey Coach

I suggest you reach out to the recruiter to ask whether they are recruiting for Digital instead of assuming that what is online is all they are offering. 

Digital products typically have mixed staffing. Overall there are more generalists than Digital. But, Digital is growing super fast, and they have been recruiting aggressively over the past few years. 

If the recruiter says they only have generalist roles, then you can also go for that and then transition into a digital role later, especially since you already have digital experience. 

Best,
Cristian

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Yuval gave the best answer

Yuval

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