McKinsey Insight is built to attract top Advanced Degree candidates to life at McKinsey. What do we - and McKinsey - mean by Advanced Degree? If you are in a PhD, JD, or MD program, McKinsey is interested in you!
Applying for summer consulting programs built specifically for Advanced Degree candidates gives you an opportunity to learn about the firm, stand out from the crowd, and be guaranteed a first round interview for full-time roles.
McKinsey Insight isn't the only such program out there, although it is the one we're breaking down today. Also check out Bridge to BCG and Bain ADvantage to maximize your exposure.
The McKinsey Insight program is open for anyone pursuing an advanced degree (PhD, JD, MD) and wrapping up their studies next year. Acceptance allows you to participate in a sort of summer camp day for prospective consultants. While there, you partner with other accomplished graduate students and McKinsey consultants to gain insight into what life is like at McKinsey - both from a cultural and work perspective.
What is the McKinsey Insight Program?
The McKinsey Insight Program, in short, is a recruiting event for Advanced Degree candidates. It will be held virtually March 31st and April 1st, with optional supplemental events.
The exclusive program begins with an introduction to the world of consulting. It includes current McKinsey consultants with advanced degree backgrounds explaining how their unique skills fit in at McKinsey.
In addition, by participating in learning modules, each attendee is introduced to McKinsey’s proven problem-solving approach and how it can be used to troubleshoot even the toughest client challenges. Beyond that, attendees are immersed in how data drives McKinsey consulting engagements - not unlike clinical trials or research studies in academia.
Then, of course, what would a consulting program be without a mock case study!? McKinsey Insight attendees get the invaluable experience of being broken into teams and paired with acting McKinsey consultants on a case study.
Beyond the McKinsey Insight conference rooms, each program also offers an unparalleled opportunity to connect with hard-working peers and accomplished professionals. As an attendee, you'll make quality contacts - both at McKinsey and with your accomplished peers.
In short, put your best foot forward when applying for a coveted slot - this event is McKinsey's way of pre-screening candidates for full-time roles, and it's a lot of fun too!
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What to Expect as a McKinsey Insight Applicant
To be eligible for the McKinsey Insight program, you must:
- Be a medical student, intern, resident, or follow who plans to complete your program in 2024;
- Be a PhD or post-doctoral student who plans to complete your program in 2024; or
- Be a master's student who previously obtained an MD and plans to complete your master's degree in 2024
If you are eligible, you should plan to apply to both Diversity Connect and Insight events, even though you will only be allowed to attend one program. You will specify the program you are most interested in attending when you apply.
In addition, you must:
- Be currently residing in the United States
- Be studying in a US-based program
- Be a first-time interviewee at McKinsey
- Not be enrolled in an MBA program or hold an MBA degree
This year, the application deadline is March 7, 2023.
How to Impress McKinsey Insight Recruiters
The best way to stand out is to transform your academic-focused CV into a business-focused resume. This format demonstrates that you understand what McKinsey is looking for - quantitative analysis skills, leadership ability, and the demonstrated ability to achieve impact.
In addition, consider including some of the following experiences and honors where applicable. This applies to both your graduate and undergraduate academic career:
- Teamwork and/or leadership experiences
- Distinctive awards and/or fellowships
- Top participatory labs
- Interests outside of academics
Be sure to limit your resume to 1 page max. This generally means you should leave out personal references, research paper summaries or copies of any journal publications. Lastly, if you choose to apply to both the McKinsey Insight and the McKinsey Diversity Connect programs separately, indicate which program is your ultimate preference in the application. Should your application be chosen, you will be notified by late March.
What Not to Do as a McKinsey Insight Candidate
McKinsey Insight is even more selective than the full-time process at McKinsey, as there are only a limited number of slots available for the program. So, do not take a rejection from McKinsey Insight as a rejection from McKinsey overall. In fact, there are numerous instances where a candidate who didn’t make the cut for the Insight program successfully navigated the interview process for an Associate later that same summer.
However, if you are invited to the Insight event the biggest faux pas is to treat the experience as an extended personal job interview. This program exists for you to learn about McKinsey's culture, determine if consulting is right for you, and build connections at the firm. Don't blow it by being overly overbearing during the case study or monopolizing a mentor’s time with interview-style questions. To put it simply, don’t be that guy (or gal)!
What to Do as a McKinsey Insight Attendee
Now that we’ve covered what not to do, what should your goals be if you are fortunate enough to be chosen for this event? First off, enjoy yourself! Take full advantage of the opportunity to learn about McKinsey and get to know McKinsey consultants.
This is not just McKinsey’s opportunity to evaluate you, but also your opportunity to evaluate McKinsey. Ask honest questions about consultants' experience transitioning into consulting. One important tip: keep the questions positive! Don't ask someone when AI will take over the industry and render consultants obsolete. Rather, ask someone why, after being targeted by headhunters, they have decided to stay at McKinsey.
Wrap Up
The McKinsey Insight program is an exciting recruiting event. It gives Advanced Degree candidates a look into life at McKinsey via personal interactions with McKinsey consultants. If you're fortunate enough to be accepted, enjoy it! And then, get ready for that first round case interview in August.