McKinsey Risk Practice... thoughts?
Have an offer with this practice group in an office I'd like to be at long term, but not necessarily in the Risk group.
1) Is the Risk group good for exit options? Seems like a lot of compliance work is involved.
2) Can I exit out of the Risk group? I'm only doing it for the summer, before a FT offer is extended. Can I finnagle out of that into a generalist role somehow? Or can I reapply for a generalist position in the same office and do the interview process again? Ideally I'd want to do strategy/operational work.
3) Anyone have any thoughts on the work? I have a regulatory background so it's up my alley, but not sure if I want to do it long term or post-McKinsey.
4) How does McKinsey rank in the Risk group? Vault doesn't have a category for that.
did you ever find answers to these questions? am looking at mck risk now and would love to hear the answers to these...
I'm not McKinsey but -
1) Risk has its interesting moments, I've done very light fill in Risk with work our Risk group before. Having a solid understanding of controls, due diligence for carve-outs is important - but hands down the most important skill will be your understanding of corporate governance after working in it. That is a big part of being an executive versus middle management. I have a relative on the senior leadership team for one of the top 5 global banks, and she says about 1/3 of her day is devoted to governance in one way or another.
Governance can be anything from the best legal entity for liability or tax reasons, to procedures on decision making authority. It certainly gives you a wide view of how to protect value.
2) No idea on within the firm. Externally you should be able to showcase the skills you've learned well to potential hiring managers.
3) By revenues it is PwC, E&Y, KPMG, Deloitte in that order. That takes into account Deals support, due diligence, balance sheet carve-outs, controls, risk managment programs, M&A accounting, crisis management. Can't comment on exactly what McKinsey would be doing in the area.
For a subjective rating here: http://www.accenture.com/SiteCollectionImages/Consulting/Accenture-Gartner-FMCS-Graphic.jpg
It is Gartner's magic quadrant or whatever.
TT
As there are just a small smattering of threads about risk consulting, I'm stating it here, do you know guys any further about Risk Consulting in more driven strategy firms?, not Big4, a friend of mine want to know specifically about Monitor Deloitte, here in Germany have a service called Regulatory strategy, and he thinks it can have a taste of Risk consulting, I do not know at which level as Deloitte has its own ERS team.
McKinsey - Risk Practice (Originally Posted: 08/17/2015)
Can anybody shed some light on the risk practice please? How are the interviews - what types of cases can I expect, etc.? Also if anyone has any additional info about working there in general, that would be great.. thanks
Here you go http://www.wallstreetoasis.com/forums/mckinsey-risk-practice-thoughts
In terms of interviews, Mckinsey is horizontal at all grounds, all divisions/lines of services have the exact same interviewing process, PST(if you're running for an Analyst post) and 2 rounds of interviews, probably you could expect some cases a bit more related with the topic (Risk, CF, ... depending on the service line).
To dust off this thread, I am interested in the risk practice as well, as I may get an interview at the analyst/associat level. Any thoughts on project exposure and exit opps would be appreciated!
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