PROGRESSIVE PRACTICES IN MCKINSEY AND COMPANY OLGA KULAK

Is a graduate increase in interest rates a good idea?

Flexible working options

Global staffing

Extensive trainings and development

Global women initiatives

Cross-sectors opportunities for leading

private, public and non-profits

McKinsey executes progressive practices within the Firm

SOURCE: McKinsey and Company website; interviews

McKinsey offers a number of flexible working options

Secondment

Leadership Program Take Time Program Part Time Program

Spending 6-12 months outside the Firm to build new skills, networks, and

expertise

The program is open to 3rd year BAs, ASCs, EMs and APs who have been with the Firm for over a year

Pursuing interests outside the Firm by taking time off between engagements

Consultants can choose to have additional 2-3 months off

Can be structured in a number of ways to reduce number of hours per week

Starting from 2005 more than 1400 consultants participated in the Program

SOURCE: McKinsey and Company website; interviews

McKinsey operates under global staffing model

Not a full list of projects where Kiev consultants worked during last year

Alexandr Bali

Gregory Luxemburg

Amet Johannesbu

rg

Tetiana PNG

Sergey San-

Francisco

Alex New York

Andrei Zagreb

Olga London

Alexandr San Paulo

Oleksandr UAE

Polina Helsinki

Illya Riyadh

Vladimir Amsterdam

Alex Singapore

Anton New York

4

Allows consultants

to gain truly global

experience

SOURCE: Observations; interviews

McKinsey global model goes beyond projects

McKinsey Football

Championship, Cologne

Office retreat, Spain McKinsey Music Festival, Alpine

University in Kitzbühel

Team event, Brazil McKinsey football championship,

Greece

Weekend with team, Australia

5 SOURCE: Observations; interviews

McKinsey invests in learning and development from Day 1

Week 1 for rookies

Stockholm, Moscow, Prague Basic consulting

readiness

7 intense days full of peer feedback, the Alpine University of McKinsey at Kitzbuhel

FLITE

Takes place at Cambridge

600 managers from the whole world

EM college

Training with actors in Frankfurt

Conference in Paris

Reserved for

women

Sharpening your presenting, charting and writing skills Local trainings

6

Example of training program for European consultants

SOURCE: Observations; interviews; McKinsey

McKinsey has launched a global women initiative

Networks and role models to attract and retain

talented women

Sponsorship to support at career progression within

McKinsey

1

2 Mentoring to assist and advice throughout the career

at the Firm 3 Recruiting to attract most talented women to the

Firm 4 Training and coaching to develop skills for

successful career 5

A transformative effort with the goal to double number

of women at McKinsey

SOURCE: Observations; interviews; McKinsey

McKinsey operates under matrix model…

IT (BTO)

Growth

Organization

Marketing and sales

Corporate finance

Operations

Strategy

Post-merger management

Innovation

Telecommunications

Banking/securities

Pharmaceuticals

High-tech

Energy

Public sector

Consumer goods

Travel

Retail

Functional areas Industries/Sectors

8

SOURCE: McKinsey

…allowing consultants to work on various problems

Bill and Melinda Gates Foundation

Soccer World Championship in

Germany

Building intelligent cities of the future

Recovery after hurricane Katrina

National Health Service England

9 SOURCE: McKinsey