McKinsey & Company is a worldwide management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey. It offers professional services to corporations, governments, and organizations, focusing on finances and operations. The firm, incorporated as a partnership, is the oldest and largest of the "Big Three" management consultancies. In 1956, it became a private corporation with shares owned by McKinsey employees. McKinsey’s global network comprises over fifty offices in twenty-five countries.
McKinsey’s Financials and Operations
Founded in 1926, McKinsey & Company offers professional services to clients worldwide, operating as a global network with over fifty offices in twenty-five countries. As a private company, McKinsey does not disclose its financial data; however, research estimates its 2021 revenue at $10.5 billion. The firm’s revenue per employee is about $277,000, and hiring McKinsey is known to be expensive, with a single junior consultant costing clients $67,500 per week.
McKinsey’s Legacy and Influence
McKinsey has a strong legacy in the management consulting industry, with alumni crediting the firm for career success across various sectors. McKinsey has supported over 7,000 mergers and acquisitions worth over $5 trillion in the past decade, establishing itself as the most prestigious management consultancy. Despite facing reputation damage over legal scandals, McKinsey’s global influence remains substantial after almost a century.