McKinsey New Ventures Specialist

McKinsey NewVentures Specialist
New answer on Jan 21, 2020
2 Answers
1.4 k Views
John Rainer asked on Jan 17, 2020

Hello,

McKinsey asked me to interview for a data science specialist role at McKinsey New Ventures group in healthcare practice. What is New Ventures group and how does it compare to rest of McKinsey in terms of growth, exit opportunities and career trajectory? I was told that this is an expert career path. Does that mean same, better or worse than traditional McKinsey MBA consultants?

FYI: This seems to be a significant stepdown in terms of title. I was recently promoted to director at 30k+ people public company (which also means that the next promotion is ~2-3 years away at least). Don't know if taking this role of a specialist at McKinsey implies taking a step backward in career.

Overview of answers

Upvotes
  • Upvotes
  • Date ascending
  • Date descending
Best answer
Vlad
Expert
Content Creator
replied on Jan 17, 2020
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

My great friend was establishing the whole New Venture structure. Several points here:

  • You can grow to a partner - there is a track
  • The growth will be slower than in case of a generalist
  • Exit opportunities - depending on what you put in your resume - nobody can check. But obviously you are losing an option of exiting to the client

In your case, I would stick to a Director role in your company. New Venture is still at the very beginning and not as exciting as it seems

Best

Was this answer helpful?
Clara
Expert
Content Creator
replied on Jan 21, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

In your case I would not take the offer, I agree is taking a step backwards.

Cheers,

Clara

Was this answer helpful?
Vlad gave the best answer

Vlad

Content Creator
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
415
Meetings
11,521
Q&A Upvotes
127
Awards
185 Reviews