McKinsey reportedly receives over a million applications per year and hires less than 1%. The top 3 consulting firms are among the most selective employers. McKinsey is more prestigious than Deloitte. McKinsey scored higher in career opportunities, compensation and benefits, culture and values.
McKinsey consultants work long hours, around 60-70 per week. You need a strong work ethic for top firms. If you want a 40 hour work week with no weekends, McKinsey is not for you.
To get an offer, you need at least a 3.6 GPA. This ensures no doubts about academic achievements. Lower GPAs can still pass to the next round with outstanding achievements elsewhere. A 3.2 GPA resume can still pass with exceptional experience.
McKinsey interviews are very difficult. But with preparation the process can become straightforward. The initial interview involves a phone call with a recruiter and mini-case study. This evaluates problem solving skills.
The typical McKinsey associate salary is $186,737 per year. Salaries range from $149,278 to $207,237. McKinsey receives over 200,000 applicants yearly, but hires around 2,200. So you have a 1% chance of getting hired.