What are the main activities of McKinsey in their Sydney office?

Question

Hi all,

I would like to learn more about the main activities of McKinsey in their Sydney, Australia office. I heard that they are a centre of excellence especially for financial services. Is that accurate?

Thanks in advance

Answer 1

Hi there,

Based on my experience working for MBB in Australia, the major consulting industries in Australia are as follows:

Tier 1

Finance (Big 4 banks et al)
Energy (ranging from Oil & Gas to electricity networks/distribution)
Mining
CPG/Retail - especially the major supermarkets Coles/Woolies

Tier 2

Insurance
Healthcare
Government/Public Sector (close to Tier 1)
TMT (Especially telecomms)

Tier 3

Agriculture
Large Capex/Infrastructure
PE

Answer 2

It does change over time but latest I've heard is that financial services is a pretty large sector for the office. At the same time there's a good spread of other sectors including telecom, energy and materials, retail, to public sector. Other than speaking to current consultants in the office, a good way to get a feel is to scan through the partner profiles as they will be indicative of the client work (https://www.mckinsey.com/au/our-people). In the past corporate restructuring and mining was a huge chunk of the client work but the mix has greatly diversified in the last few years.

Answer 3

Hey there,

A big chunk of it is in the banking/ insurance sector, public sector, and mining.

Cheers,

Florian

Answer 4

Hi,

For a long time, it was the fastest-growing office. Huge retail, banking, basic materials (mostly Perth office).

Best

Answer 5

Hi there,

Check here for detailed owerview:

https://www.mckinsey.com/au/our-work

Cheers, GB

Answer 6

Hello!

Traditionally banking and mining, however, this is constantly evolving -in a matter of months-.

A good way to have a look is looking at the exit opportunities from those who are leaving

Hope it helps!

Cheers,

Clara