McKinsey Expert Track vs Generalist Track

EDIT: Florian now has me sufficiently confused :) If you are being brought in as an Engagement Manager at McKinsey in the Healthcare practice, my below text holds. If you're being brought into the Knowledge team, my below text does not hold (and you 100% need to take the Associate option)

Um, if you're worried about speed to Partner, why would you start an entire 2-3 years behind? I hope I'm not missing something and my fellow coaches don't contradict me, but it's pretty clear you go the EM specialist route...of course IF you're happy to be in the expert track and you're optimizing pay + promotion speed.

All that said, there are 2 other considerations:

1. What do you want? Do you want exposure to many industries/functions so you can make up your mind? Or do you ultimately want to end up in Healthcare? If it's the latter, why would you beat around the bush, and suffer a longer promotion cycle and a lot less money?
2. Remember, starting as EM (or Project Lead at BCG) is easily the hardest role to jump into. It takes a seriously impressive person to make it through (you're learning the company, ways of working, and content, all while managing teams, Partners, AND clients). As Associate/Consultant, you only have to do the first half.

(edited)

Ian is 100% right - I do not see the point of NOT starting as the Associate. In terms of risk management for you, I d take the Associate position first. EM is pretty darn tough without previous hard-core MBB Associate / Consultant experience.

Hi! I'm joining as a generalist in a few months but I considered the expert track and the (separate, not to be confused) knowledge and research track as well. I spoke to over 30 people at various levels in both tracks that are relevant to my background and expertise. However, I clearly don't have the personal experience yet as my start date isn't for a while.

To clear up any confusion, there are three paths at McK with varying levels of specialization and client-facing exposure:

1) The classic path: Generalist Consultant Track (Biz Analyst -> Associate -> EM -> AP -> P)

2) A new, client services path: Expert Consultant Track (Analyst/Fellow -> Specialist -> Expert -> Expert AP -> P), which includes Solution Leaders (APs), Coaches/Implementaiton Coaches, and other positions if it's a client-facing solutions role/track

3) A "middle-office", partly support and partly client facing path: Knowledge and Research Track (various roles, including Analyst/Fellow, Specialist, Manager, and others), which includes R&D roles that are in developing and refining solutions like Product Owners

Expert is the equivalent seniority level to an EM on the expert track. I recently spoke to a former Expert Partner at McK who shared that 1) the speed of progression is more lenient with expert roles because you are building the expertise at each level, and the firm understands that takes time and 2) it's extremely tough to be an expert partner because the depth of specialization makes selling broadly difficult, given how focused you are on one area. He did say it is very rewarding though.

This means the track could take longer, but that doesn't mean it must be longer just because you're on that side. This also may mean that starting at the Expert level could be more forgiving than starting as a generalist EM, because of the slower up or out process that means you may not be shown the door as quickly if you're not able to adjust.

Ultimately, to progress to AP and above, according to this Expert Partner and the general process at McK, you must specialize and make it clear what you want to be known for, both inside and outside of the company. Because the expert track accelerates and focuses that specialization, it could be helpful for you to jump right into doing what you want (if that's healthcare).

I recommend speaking to people on both tracks and doing some research on LinkedIn to see for yourself which one matches your interest. Ultimately, I was applying as an advanced degree candidate and only had the opportunity to start as a generalist. However, I plan to specialize quickly and I've already built relationships with many people on the expert, solutions, and knowledge/research tracks. Happy to chat more if you're interested, but better to talk with people in the Healthcare practice directly. Good luck!

Hey there!

Agree with what colleagues said - EM will be hard to do without previous background experience. I would definitely suggest starting from Associate as it will give you much more confidence and ways to develop, while EM has more responsibilities and at some point might become even more stressful.

Good luck!

GB

Hello!

Important question: are you being hired as a generalist or in the Knowledge team? This is a game changer

Cheers,

Clara